Wednesday, July 6, 2016

06-22: Professional Park, Shopping Centers, Retail Centers, Strip Centers


Daily Best Commercial Properties

  1. Retail Center in Compton, CA: 16,460 SF retail building on .94 ac lot at a signalized corner location. In densely populated Los Angeles area with over 800,000 residents in a 5 mile ring. 98% leased with a strong mix of local tenants. NOI $244K/yr. $4M. 6.10% cap.
  2. Shopping Center in Bakersfield, CA: 87,803 SF shopping center at a signalized intersection. Anchored by Vons Grocery. Other major tenants include: Dollar General, Pizza Hut, Taco Bell, Auto Zone, Subway, Bank of  America among others. 87% leased.  Actual NOI $856K/yr. $13.45M. 6.37% cap.
  3. Neighborhood Center in Aurora, CO: 109,037 SF attractive shopping center on 7.79 ac lot in growing middle-class Denver suburbs. On an off/on ramp of I-225. Shadow anchored by Burlington Coat Factory. Other major tenant include: Verizon Wireless, Cici's Pizza, Subway, T-Mobile, Mattress Firm and UPS. Close to The Medical Center of Aurora Hospital and Town Center at Aurora. 95% leased to national and credit tenants. NOI $1.543M/yr. $22.045M. 7% cap.
  4. Professional Park in Scottsdale, AZ: 65,732 SF Class-B multitenant professional buildings on nearly 4 ac lot along busy corridor in Phoenix suburbs. Close to 337-bed HonorHealth Scottsdale Osborn Medical Center. 91% leased. Actual NOI $646K/yr. $8.5M. 7.60% cap.
  5. Retail Center in Des Moines, IA: 12,000 SF attractive retail center on 1.48 ac outparcel to Home Depot, Office Max, Best Buy & PetSmart power center. Across from Walmart Supercenter. 100% NNN leased. NOI $246K/yr. $3.291M. 7.50% cap.
  6. Neighborhood Center in Laveen, AZ: 102,079 SF eye-catching shopping center completed in 2008 on over 12 acres of land in growing Phoenix suburbs. Anchored by Big Lots, 99 Cents Only, Big 5 Sporting Goods and Pet Club. 98% leased. Actual NOI $1.104M/yr. $16.734M. 6.60% cap.
  7. Retail Center in Phoenix, AZ: 23,239 SF attractive retail center on over 2 ac lot with big monument sign at entrance along busy corridor. 90% leased to ten tenants. Actual NOI $184K/yr. Price reduced from $2.49M to $2.29M. 8% cap.
  8. Shopping Center in Fox River Grove, IL: 72,730 SF well maintained shopping center on 6.49 ac lot in high income area with an AHI of $122K/yr in a 3 mile radius. Shadow anchored by Jewel/Osco grocery. 91% NNN leased. NOI $700K/yr. Price reduced from $8.75M. to $7.95M. 9% cap.
  9. Retail Center in Champlin, MN: 11,835 SF retail center on 2 ac lot in upper middle-class (AHI $99K/yr) Minneapolis metro.  100% leased to 7 tenants.  NOI $125K/yr. $1.672M. 7.5% 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.
 

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