Thursday, May 26, 2016

05-12: MOB, DaVita Dialysis Center, Mexican Restaurant, Retail Centers


Daily Best Commercial Properties

  1. MOB in Fort Myers, FL: 5618 SF single tenant medical office building completed in 1998 on .89 ac lot in a fast growing and high income area. Close to HealthPark Medical Center. 100% NNN lease to US Oncology Florida Cancer Center. NOI $75K/yr. $1.095M. 6.92% cap.
  2. DaVita in Northport, AL: 4050 SF well maintained dialysis center on .47 ac lot in Tuscaloosa suburbs. Across from Northport Medical Center. In a Certificate of Need State. 100% NNN- corp lease with 8 yrs left. NOI $69K/yr with 2% annual rent increases. $1.024M. 6.75% cap.
  3. Retail Center in Colorado Springs, CO: 20,000 SF well maintained shopping center on 1 ac lot in a fast growing area. Shadow anchored by Safeway. Close to The Citadel Mall. 100% leased. NOI $159K/yr. Price reduced from $2.261M to $2.124M.. 7.50% cap.
  4. Shopping Center in Greenwood, IN: 31,673 SF shopping center on 5.57 ac lot in upper middle-class (AHI $87K/yr) Indianapolis suburbs. Between Kroger grocery center and Meijer Grocery. 68% leased. Actual NOI $313K/yr. Price reduced from $3.9M to $3.686M. 8.50% actual cap. Upside potential.
  5. MOB in San Jose, CA: 6790 SF well kept medical office building on .69 ac lot. Between Regional Medical Center and I-680. $2.95M. Excellent opportunity for owner-user.
  6. Retail Center in Burton, MI: 20,400 SF shopping center built in 2006 on 2.58 acres lot across from Meijer in Flint suburbs. Regional tenants include: Biggby Coffee, Hungry Howie's, Batteries Y Bulbs Plus and Miracle Ear. 100% leased.  NOI $238K/yr. $2.599M. 9.17% cap.
  7. Mi Ranchito Taqueria in San Jose, CA: 1344 SF well maintained highly rated on Yelp Mexican Restaurant  on .43 ac lot along busy corridor. Across from James Lick High school and next to OSH. Tenant has been at this location for over 20 yrs. 100% NNN lease with 4 yrs left. $1.28M. 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.

No comments:

Post a Comment