Friday, April 15, 2016

04-01: Office Buildings, Retail Centers, Shopping Centers, MOB



Daily Best Commercial Properties

  1. Retail Center in Phoenix, AZ: 12,980 SF retail center built in 2008 along busy artery. Tenants include: Mediterranean Market, Aqua Tots, Little Angels School, AZ Best Cleaners and Our Kitchen To Yours. 100% leased. NOI $243K/yr. $3.395M. 7.17% cap.
  2. Retail Center in Temecula, CA: 18,104 SF well maintained retail center on 1.34 ac lot in growing upper middle-class Riverside County. 92% leased to seven tenants. Actual NOI $286K/yr. $4.627M. 6.20% actual cap. Upside potential.
  3. Medical Office Building in Lancaster, CA: 19,473 SF Class-B multitenant MOB in growing Southern California. Adjacent to 420-bed Antelope Valley Hospital. Tenants include: County of Los Angeles, Dr. Eshak Pharmacy, Proactive Wellness, Board of Equalization and Antelope Valley Hospital. 100% leased. NOI $341K/yr. $4.552M. $4.552M. 7.50% cap.
  4. Neighborhood Center in Hemet, CA: 58,446 SF attractive shopping center shadow anchored by Walmart Supercenter. 100% leased to national and regional tenant including; Bed Bath and Beyond, Dollar Tree, rue21 and Famous Footwear. NOI $814K/yr. $12.342M. 6.60% cap.
  5. Shopping Center in Orlando, FL: 32,908 SF shopping center completed in 2006 on 4 ac lot at a signalized intersection. National tenants include: Chase, Verizon, Wireless, Interstate Battery, Subway, FedEx and 5 Guys Burgers. 94% leased to fifteen tenants. Actual NOI $841K/yr. $12.015M. 7% cap.
  6. AAP in Cincinnati, OH: 6720 SF Advance Auto Parts constructed in 2003 at a corner location. Close to Walmart Supercenter and Mercy Health West Park Hospital. 100% NNN leased. NOI $134K/yr. $2.021M. 6.65% cap.
  7. MOB in Tampa, FL: 21,220 SF Class-B single-tenant medical office building. Adjacent to Kindred Hospital and close to 470-bed St Joseph Hospital. 100% leased. NOI $311K/yr. $4.15M. 7.50% cap.
  8. Strip Center in Spokane Valley, WA: 12,940 SF well maintained strip center on over 2 ac lot at a hard corner location. Good tenant mix: Convenience Store, Gas Station, Laundromat, Quick Lube, Subway and Doughnut Shop. NOI $319K/yr. $4.256M. 7.50% cap.
  9. Office Building in Decatur, GA: 7000 SF Class-A single tenant office building on over 1 ac lot in growing and high income Atlanta suburbs with an AHI of $85K/yr in a 1 mile radius. Adjacent to North Dekalb Mall. 100% NNN lease with 4 yrs left. NOI $110K/yr. $1.595M. 6.90% 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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