Friday, June 10, 2016

05-27:MOB, Family Dollar, Professional Buildings, Shopping Centers, Strip Centers


Daily Best Commercial Properties

  1. MOB in San Jose, CA: 44,649 SF 3-story class-A medical office building on over 2 acres lot in densely populated and high income (AHI $119K/yr in 5 mile) Silicon Valley.  93% leased to tenants including primary care, dialysis, physician specialties, oral care, ophthalmology modalities and Tri-County Vascular Care Surgical Center.  NOI $827K/yr.  $14.5M. 5.71% cap.
  2. Retail Center in Mableton, GA: 63,367 SF well maintained retail center renovated in 1998 on 7.85 ac lot in a growing and high income (AHI $87K/yr in a 3 mile ring) Atlanta metro. Anchored by 43,207 SF Food Depot with 38 stores. 89% NNN leased. Actual NOI $392K/yr. $4.6M. 8.5% cap. Upside potential.
  3. Retail Center in Anderson, SC: 37,699 SF attractive retail center on 2.52 ac lot in a growing middle-class area. Adjacent to Anderson Mall. 100% leased. NOI $288K/yr. $3.2M. 9% cap.
  4. Retail Building in Independence, MO: 14,690 SF well kept retail building between Jo-Ann Fabrics and Crafts & 24 Hour Fitness in Kansas City suburbs. Across from Target and JCPenny center. Close to 1,032,000 SF Independence Center Mall, Centerpoint Medical Center and Hwy-291. 86% NNN leased to Dollar Tree with 1 vacant unit. Actual NOI $108K/yr. $1.55M. 7% actual cap. Upside potential.
  5. Professional Building in Long Beach, CA: 9809 SF recently improved professional building on .55 ac lot at a signalized corner location. In densely populated (over 700,000 residents in a 5 mile ring) and upper middle-class Los Angeles area. 100% leased. NOI $104K/yr. $1.6M. 6.50% cap.
  6. Family Dollar in Memphis, TN: 9180 SF brand new single-tenant retail building on nearly 1 ac lot. Near I-40. New 15 yrs absolute NNN lease. NOI $105K/yr with 10% rent bumps every 5 yrs. $1.689M. 6.25% cap.
  7. Retail Center in Glendale, AZ: 21,600 SF attractive retail center renovated in 2014 on 1.5 ac lot along busy retail corridor. 89% leased. NOI $197K/yr. $2.6M. 7.06% cap.
  8. Retail Center in Lee's Summit, MO: 12,000 SF retail center on 1.53 ac lot at a corner location in Kansas City metro. Adjacent to 201-bed Saint Luke's East Hospital and near I-470. Tenants include: Medicine Shoppe, Edible Arrangements, Checksmart, Cameo Glam Studio, Batteries Plus and Secure Title. 100% leased. NOI $210K/yr. $3M. 7% cap.
  9. Shopping Center in Reisterstown, MD: 144,028 SF shopping center at a signalized intersection in growing and high income Baltimore MSA with an AHI of $96K/yr in a 3 mile radius. 93% leased to 41 tenants. Actual NOI $1.8M/yr. $20M. 9% actual cap. Upside potential.
  10. Strip Center in Fort Worth, TX: 9176 SF in-line attractive strip center completed in 2003 on 1.38 ac lot shadow anchored by Albertson's grocery. 100% leased. NOI $179K/yr. $2.56M. 7% 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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