02-12: MOBs, DaVita, Jiffy, Fitness Evolution

Daily Best Commercial Properties

Medical Office Building in Macomb, MI: : 26,960 SF 2-story medical office building completed in 1996 on 1.8 ac lot next to 435-bed Henry Ford Macomb Hospital  in Detroit suburbs.  78% NNN leased to 9 tenants.  Current NOI $217K/yr. $3.05M. 7.14% cap.  Upside potential when fully leased. Medical Office Building in San Jose, CA: rare 44,649 SF 3-story class-A medical office building on over 2 acres lot in densely populated (over 400K residents in 5 miles ring), high income (AHI $125K/yr in 5 mile) Silicon Valley.  93% leased to tenants including primary care, dialysis, physician specialties, oral care, ophthalmology modalities and Vascular Care Surgical Center.  NOI $828K/yr.  $14.5M. 5.71% cap. Office Building in South Bend, IN: 17,364 SF office complex built in 1991 on 2.23 acres lot.  NOI $137K/yr. $1.45M. 9.5% cap. DaVita Center in Bethany, OK: 10,000 SF medical office building constructed in 1991 on .91 ac parcel in high income Oklahoma city metro.  100% NNN leased to DaVita Dialysis (two DaVita-affiliated tenants) on a 10-yr extension in 2015.  NOI $197K/yr. $1.4M. 7.68% cap. Jiffy Lube & Carwash in Gilbert, AZ: 7554 SF auto service center built in 2000 on .46 ac lot in affluent (AHI $106K/yr) & fast growing Phoenix suburbs.  100% NNN leased to Jiffy Lube and Jiffy Carwash.  NOI  $135K/yr with 3% annual rent bumps. $1.825M. 7.4% cap. Fitness Center in Dixon, CA: 18,960 SF fitness center on 1.74 ac lot in Northern CA.  20 yrs absolute NNN lease to Fitness Evolution franchisee with  46 stores.  NOI $219K/yr with 1.25% annual rent bumps. $3.38M. 6.5% cap.

(c) Transmercial 2016

About The Properties Transmercial is the only company in the US that offers this list of best properties between $950K to $30M in 50 states.  These properties are selected from 300-400 daily listings from many commercial real estate companies, and various other sources.   Each property has a brief description and a flyer.  Please click here for selection criteria.  Underlined names, if any, indicate safe hyperlinks that you can click for more info. For a full marketing brochure, please reply and specify the property number.  Transmercial will guide you thru the whole acquisition process if needed.  It will track all the issues via the "Due Diligence Summary" report until they are all resolved prior to closing. Below are the most commonly used acronyms: AHI: Avg. Household Income.  National average is about $55+K/yr. NOI: Net Operating Income.  It's the income after all expenses (prop taxes, ins., maintenance) paid. NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses. NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.