Tuesday, July 19, 2016

7-05: MOB, Professional Buildings, Advance Auto Parts, Shopping Centers, Strip Centers



Daily Best Commercial Properties

  1. MOB in Bakersfield, CA: 5733 SF Class-B single tenant medical office building on .58 ac lot. Near Bakersfield Memorial Hospital. New 10 yrs NNN lease to Dignity Healthcare, a credit tenant operating 42 hospitals throughout USA. NOI $67K/yr with 3% annual rent increases. $1.04M. 6.50% cap.
  2. Retail Buildings in Fort Worth, TX: 30,528 SF retail center consisting of three attractive retail buildings in a fast growing area. Shadow anchored by Lowe's and 24 Hour Fitness and Best Buy. Major tenants include: Baylor Institute for Rehabilitation Outpatient Services, Edible Arrangements, Mattress Firm, Cinnabon and Verizon Wireless. With easy access to I-820. 91% NNN leased. 7.75% cap. NOI & price N/A.
  3. Shopping Center in Waldorf, MD: 45,395 SF shopping center built in 2002 on 5.86 ac lot anchored by Food Lion grocery in high income (AHI $103K/yr) Washington MSA. Close to 981,000 SF St Charles Towne Center. 100% NNN leased. NOI $582K/yr. $7.667M. 7.60% cap.
  4. Shopping Center in Victorville, CA: 21,800 SF attractive shopping center on 1.66 ac lot in growing middle-class San Bernardino County. Shadow anchored by Rite-Aid Pharmacy and Stater Bros Supermarket. Close to The Mall of Victor Valley. 94% NNN leased with excellent tenant mix including Metro PCS, Little Caesar's Pizza, Cash 4 Gold, Liberty Dental among others. NOI $474K/yr. $7.7M. 6.16% cap. Upside potential when fully leased.
  5. Strip Center in San Jose, CA: 3096 SF well kept strip center along busy corridor in upper middle-class Silicon Valley. 100% leased to Las Delicias and Cricket Cell Phone. NOI $129K/yr. $1.875M. 6.93% cap.
  6. MOB in Clinton Township, MI: 15,763 SF attractive medical office building constructed in 1995 on nearly 2 ac lot along busy corridor. 100% NNN leased with over 5 yrs left to Mount Clements Regional Medical Center. NOI $206k/yr with annual rent increases. $2.95M. 7.01% cap.
  7. Professional Building in Ventura, CA: 8102 SF Class-A multitenant office building on over 1 ac corner lot in growing and upper middle-class Southern California. 95% leased. NOI $99K/yr. $1.65M. 6% actual cap. Upside potential.
  8. Advance Auto Parts in Kansas City, MO: 7000 SF single tenant retail building constructed in 2001. Tenant has been at this location since 2001. Recently extended lease with 11 yrs left. $1.6M. NOI N/A.
(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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