Tuesday, July 26, 2016

07-12: MOB, Retail Centers, Shopping Centers, Strip Centers



Daily Best Commercial Properties

  1. Strip Center in Sacramento, CA: 12,748 SF strip center built in 2008 on over 1 ac lot along busy corridor. Close to Kaiser Permanente and with easy access to Hwy-99. 66% leased. Actual NOI $127K/yr. $2.415M. 5.29% actual cap. Upside potential when fully leased.
  2. Retail Center in Largo, FL: 12,600 SF attractive retail center constructed in 2004 on 1.28 ac outparcel to Publix and Home Depot in St. Petersburg suburbs. Across from Largo Mall. 100% NNN leased with excellent tenant mix. NOI $261K/yr. $3.552M. 7.35% cap.
  3. MOB in Rolling Meadows, IL: 13,700 SF well kept single-tenant medical office building on 1.43 ac lot in growing and high income area. Close to Northwest Community Hospital and I-90. 100% absolute NNN lease with over 8 yrs left to Northwest Suburban Physicians with two locations. NOI $244K/yr with rent increases. $3.758M. 6.50% cap.
  4. MOB in Hobart, IN: 16,707 SF multitenant medical office building completed in 2008 on 2.31 ac corner lot in a fast growing area SE of Chicago. Adjacent to St. Mary's Hospital. 100% NNN leased to Fresenius, Michiana Hematology & Oncology and Peak. NOI $289K/yr. $4.137M. 7% cap.
  5. Shopping Center in Charlotte, NC: 19,523 SF consisting of two retail centers built in 2001 on over 3 ac lot in upper middle-class area. 85% NNN leased. Actual NOI $327K/yr. $4.5M. 7.27% actual cap.
  6. Retail Center in Pearland, TX: 11,850 SF newly constructed retail center on 1.50 ac outparcel to Walmart Neighborhood Market. Excellent demographics: 4,680% pop growth and AHI of $124K/yr in a 1 mile ring. 100% leased.  NOI $302K/yr. $4.488M. 6.75% cap.
  7. Retail Center in McKinney, TX: 19,707 SF retail center built in 2003 on 2.10 ac lot in fast growing Dallas MSA. Adjacent to Power Centers with Walmart Supercenter, Sam's Club, Home Depot and Lowe's. Near Hwy-121. 100% leased with solid tenants. NOI $358K/yr. $5.2M. 6.90% cap.
  8. Strip Center in Milwaukee, WI: 8034 SF strip center built in 2012 on .82 ac lot along main retail corridor. 100% NNN leased to Mattress Firm, T-Mobile and UBreakiFix. NOI $182K/yr. $2.407M. 7.60% cap.
  9. Strip Center in Ridgeland, MS: 11,045 SF strip center along main retail artery. Adjacent to Northpark Mall and across from Walmart Supercenter. Tenants include: Extreme Wheels, Tailor Made Tuxedos & Suites, Bridesmart LP, Create a Shirt and Wireless Wizard. NOI $205K/yr. $1.975M. 6% cap.
  10. Retail Building in Oakland, CA: 10,096 SF well maintained retail building constructed in 2010 at a signalized location. Close to I-880. 100% leased to eight tenants. NOI $101K/yr. $1.85M. 5.50% 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