09-28: MOB, Fresenius, Urgent care, Learning Exp, Data center, Retail centers

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  Each property has a brief description and a flyer (attached).  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here to see how Transmercial selects the following properties among 300-400 properties on the market).  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. 

Below are the most commonly used acronyms:

• AHI: Avg. Household Income.  National average is about $50+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.

1.  MOB in El Dorado Hills, CA: 8000 SF Medical Office Building constructed in 1991 in high growth and affluent Sacramento suburbs (AHI $116K/yr in 1 mile).  100% NNN leased to Dignity Health and Sports Medicine Physician.  NOI $139K/yr. $1.85M. 7.5% cap.  
2. Retail Center in Chatsworth, CA: 7000 SF retail center built in 1988 on .38 ac lot in high income city in Los Angeles.  91% leased with 1 vacant unit.  NOI $116K/yr. $1.662M. 7% cap.  Short sale subject to lender’s approval.  
3. Fresenius Dialysis Center in Jacksonville, FL: 10,000 SF dialysis center on ¾ ac lot in a growing area.  100% NNN leased till 2020.  Largest and most profitable Fresenius location in Jacksonville operating 3 shifts/day.  NOI $180K/yr.  $2.48M. 7.25% cap.  
4. Shopping Center in West Covina, CA: 41,012 SF shopping center on 3.52 ac corner lot 1 block from 1.2M SF Westfield Covina Mall.  $1.5M renovation in 2003. 86% leased.  NOI N/A.  $9.8M.  
5. Sprint in Rancho Cucamonga, CA: 5040 SF upscale single-tenant retail center built in 2011 on ¾ ac lot near I-15 on-ramp.  Across from Home Depot and 1 block from Victoria Gardens shopping center.   High income area.  100% NNN leased to Sprint till 2016.  NOI $206K/yr with 2% annual rent bumps.  $2.948M. 7% cap.  
6. Urgent Care Center in Keller, TX: 4500 SF brand new built-to-suit top-quality urgent care center in affluent Dallas suburbs (AHI $178K/yr in 1 mile).  New 10 yrs NNN lease with personal guaranty.  NOI $119K/yr with 7.5% rent bump in yr 6.  $1.4M. 8.5% cap. 
7. Learning Experience in Newport News, VA: 11,000 SF 1-yr old childcare center on 5 ac lot in high income area. 15 yrs NNN lease to the Learning Experience, a major childcare provider.  NOI $242K/yr with 12% rent bumps every 5 yrs.  $3.025M. 8% cap.  
8. Data Center in Birmingham, AL: 20,700 SF data center. 11 yrs NNN lease to Teklinks.  NOI $170K/yr with 3% rent bumps every 2 yrs.  $1.85M. 9.19% cap.  
9. Medical Office Building in Westbrook, ME: 29,025 SF medical office building constructed in 1998 on 2.6 ac lot in a stable city.  100% leased to 2 tenants: Fresenius Medical Care (dialysis center) and Maine Center for Healthcare, a multi-specialty healthcare organization with 3 locations.  NOI $467K/yr. $4.95M. 9.4% cap. 
10. Retail Centers in Grove City, OH: 8492 SF 2-building retail center completed in 1993 on 1.74 ac lot in growing Columbus metro.  100% leased to Tuffy Auto and Buckeye Beverage.  NOI $108K/yr. $1.1M. 9.8% cap.

© Transmercial 2012