Tuesday, March 1, 2016

02-16: KinderCare Learning Center, Vantage Oncology Treatment Center, Fitness 19, Mi Pueblo, MOB



Daily Best Commercial Properties

  1. MOB in Merrionette Park, IL: 57,127 SF medical office building renovated in 2004 along busy artery in Chicago metro. Key tenants include: Advocate Health Care (AA credit tenant) & Dialysis Centers of America (owned by Fresenius). 96% leased. NOI $980K/yr. $12.25M. 8% cap.
  2. KinderCare Learning Center in Warren, NJ: 13,576 SF attractive day care facility constructed in 2003 on 2.62 ac lot in affluent (AHI $162K/yr) New York suburbs. 100% NNN corp lease with 4 yrs left. 9% cap. NOI and price N/A.
  3. Retail Center in Dunedin, FL: 13,384 SF well maintained retail center on over 1 ac corner lot in Tampa MSA. Across from Walmart Neighborhood Market center. Close to Westfield Countryside Mall and Hwy-19. 94% leased. NOI $180K/yr. $2.249M. 8.02% cap.
  4. Retail Buildings in Katy, TX: 18,000 SF consisting of two multitenant retail buildings completed in 2005 on 1.46 ac lot in upper middle-class Houston suburbs. 92% leased. NOI $238K/yr. $2.804M. 8.50% cap.
  5. MOB in Kettering, OH: 13,943 SF Class-B single-tenant medical office building on 1.42 ac lot in Dayton suburbs.  100% absolute NNN lease with 3 yrs left to Digestive Specialists, Inc.,& Digestive Endoscopy Center LLC (DBA Amsurg, NASDAQ: AMSG). NOI $166K/yr. $1.897M. 8.80% cap.
  6. Vantage Oncology Treatment Center in El Centro, CA: 8492 SF Class-B single-tenant Cancer center constructed in 1997 in growing Imperial County. 100% NNN lease with 4 yrs left to Vantage Oncology, LLC is a leading national provider of radiation oncology services and integrated cancer care with 50 treatment facilities in 14 states. NOI $224K/yr. $3.276M. 6.85% cap.
  7. MOB in Massapequa, NY: 7743 SF attractive multitenant medical office building in high  income New York suburbs. Across from Westfield Sunrise Mall. $1.9M. Excellent opportunity for owner-user!.
  8. Fitness 19 in Victorville, CA: 10,215 SF attractive fitness center on nearly 1 ac lot in growing San Bernardino County. 100% NNN corp lease with 8 yrs left. NOI $121K/yr. $2.121M. 5.75% cap.
  9. Mi Pueblo Supermarket in San Rafael, CA: 35,931 SF Mi Pueblo Food Center renovated in 2009 on nearly 4 ac lot in growing Marin County North of San Francisco. 100% NNN corp lease with over 8 yrs left to Mi Pueblo, a regional tenant with 19 stores. NOI $896K/yr with annual rent increases. $13.75M. 6.52% cap.
  10. Shopping Center in Manassas, VA: 47,936 SF shopping center completed in 2005 on 7.33 ac lot. Anchored by 38,274 SF Food Lion grocery in affluent (AHI $138K/yr) Washington Metro. 98% leased. Pro forma NOI $765K/yr. $8.5M. 9% pro forma 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.

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