- Rite Aid in Burton, MI: 11,180 SF Rite Aid built in 1999 on1.72 ac lot in the suburb of Flint. 100% NNN- till 2024. Store with strong and increasing sale revenue of $5.895M with Wellness concept upgrade in Aug 2013. NOI $272K/yr. $3.115M. 8.75% cap.
- Office Building in Clinton Township, MI: 20,411 SF 12-unit office building in growing Detroit suburbs. 90% leased to medical and professional tenants with 1 suite avail. Pro forma NOI $202K/yr. $1.995M. 10% cap.
- Office Plaza in Fresno, CA: 41,019 SF 3-building office complex on 2.67 ac lot with easy access from 2 different roads. Easy access to both hwy 41 & 168. 100% leased to State of California, Department of Transportation (Cal-Trans) and Comprehensive Youth Services, a non-profit behavioral health agency. NOI $256K/yr. $3.4M. 7.55% cap.
- O’Reilly Auto Parts in Colorado Springs, CO: 7000 SF auto parts center on .72 ac lot in a busy retail corridor. 100% NNN- till 2020. NOI $85K/yr. $1.379M. 6.17% cap.
- Multi-Family in Carmichael, CA: 28 unit multifamily in income & desirable area in Sacramento metro. Amenities include swimming pool and automated laundry facilities. NOI $134K/yr. $2.07M. 6.5% cap.
- Office/Retail Building in Saint Louis, MO: 45,071 SF 5-yrs old building on 4.43 ac lot. Adjacent to 250,000 SF Mosanto’s new campus. 100% leased to Girl Scouts, Cricket Communications, and Dynamic Controls Inc. NOI $551K/yr. $5.5M. 10% cap.
- MOBs in New Braunfels, TX: 2 recently-built class-A medical office buildings (4692 SF and 4038 SF) in fast growing middle class (AHI $69K/yr) San Antonio suburbs. 100% NNN lease with 6+ yrs left to Humana, a national tenant. NOI $157K/yr. $2.244M. 7% cap.
© Transmercial 2013
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