Thursday, April 14, 2016

03-31: Office Complex, MOB, Party City, Retail Center, Shopping Centers



Daily Best Commercial Properties

  1. Strip Center in Clermont, FL: 10,000 SF strip center built in 2005 on 1.63 ac lot in Orlando suburbs. Adjacent to Walgreens and along Hwy-27. 100% NNN leased. NOI $103K/yr. $1.35M. 7.66% cap.
  2. MOB in Kettering, OH:13,943 SF single-tenant medical office building renovated in 2010 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.
  3. MOB in Fairfield, OH: 10,200 SF single-tenant medical office building renovated in 2010 on over 1 ac lot in Cincinnati suburbs. New 6 yrs NN lease to Mercy Health Physicians, with 160 locations. NOI $143K/yr with 1% annual rent increases. $1.37M. 10.47% cap.
  4. Shopping Center in Brockton, MA: 85,007 SF well maintained shopping center on 12 acres of land in Boston MSA. Major tenants include: Dollar Tree, Family Dollar, Popeye's, Little Caesars Pizza and Sprint.  Across from Home Depot center and close to Signature Healthcare Brockton Hospital. 99% leased. NOI $757K/yr. $9.869M. 7.67% cap.
  5. Party City in Bakersfield, CA: 11,232 SF single-tenant retail center completed in 2007 on .85 ac lot in high income area in Bakersfield (AHI $95K/yr). Adjacent center with Kohl's, Target, Ross Dress for Less and Dick's Spotting Goods.100% NNN lease with 4 yrs left.  NOI $244K/yr. $3.172M. 7.69% cap.
  6. Retail Center in Lansing, IL: 8308 SF retail center built in 2007 on .91 ac outparcel to a brand new Walmart Supercenter. Close to I-94. 100% NNN leased to AT&T, Wing Stop, Checkers and CD One Price Cleaners. NOI $161K/yr. $2.487M. 6.50% cap.
  7. Shopping Center in Porterville, CA: 70,974 SF well kept shopping center on 9.84 ac lot shadow-anchored by 99 Cents Only, Factory 2-U and Galaxy Theatres. On an off/on ramp of Hwy-65. 94% leased to 19 tenants including American Renal Assc. Dialysis center, In-Shape Health Club, Cricket Wireless, Pizza Factory. Actual NOI $639K/yr. $8.53M. 7.50% actual cap. Upside potential.
  8. Office Complex in Fresno, CA: 41,182 SF consisting of six freestanding office buildings. Close to major centers with Target, Burlington Coat Factory, FoodMaxx, Trader Joe's to name a few. With easy access to Hwy-41. 83% leased. Actual NOI $420K/yr. $5.25M. 8% cap.
  9. Retail Center in Houston, TX: 6793 SF retail center renovated in 2009 on .52 ac lot. Next to/with easy access to I-45. 100% NNN leased to Subway, Pronto Insurance, Accident Injury Rehab Center, Dawn Donuts and Women's Care Center. NOI $124K/yr. $1.7M. 7.30% 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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