06-18: Tutor Time, Retail Centers, Office Buildings, MOB's, Apartments

Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  These properties are selected from 300-400 daily listings various sources & websites.   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 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. 

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.

1. Office Building in Winter Garden, FL: 92,573 SF Class-B consisting of eight office buildings completed in 2005-2007 on 7 ac lot in high income (AHI $94K/yr in 3 mile radius) Orlando suburbs. 86% NNN leased. NOI $777K/yr. $8.85M. 8.78% cap.
2. Shopping Center in Goleta, CA: 34,329 SF shopping center built in 2002 on 2.69 ac lot in Southern California coastal city just West of Santa Barbara. Visible from Hwy-101. Next to Hwy 101 on/off ramps. 96% NNN leased to nine tenants. NOI $851K/yr. $11.9M. 7.16% cap.
3. Office Building in Northfield, NJ: 14,000 SF Class-B professional office building on 1.35 ac lot in high (AHI $87K/yr) income Atlantic City metro. 90% NNN leased to a Dental Office, Doctors Office and a variety of Law Offices. NOI $156K/yr. $1.6M. 9.80% cap.
4. Tutor Time in Sterling Heights, MI: 10,710 SF child care facility built in 1998 on 1+ ac lot in densely populated Detroit suburbs. 100% absolute NNN lease with 9 yrs left. NOI $187K/yr with annual rent increases. $ 2.05M. 9.16% cap.
5. Apartments in Austell, GA: 120-unit well maintained multifamily complex on 11+ ac lot in growing Atlanta metro. Close to100-ac Six Flags Over Georgia and I-20. 95% occupied. NOI $241K/yr. $3.1M. 7.80% cap.
6. Office Building in Walnut, CA: 4200 SF well maintained six units office building along major corridor in high-income (AHI $96K/yr in 1 mile) Los Angeles suburbs. 90% leased. NOI $60K/yr. $995K. 6% cap.
7. MOB in Fort Lauderdale, FL: 12,193 SF medical office building at major retail artery. 80% leased to physicians. $1.69M. Cap/NOI not provided.
8. Shopping Center in Fort Collins, CO: 26,340 SF well maintained shopping center at a main retail corridor. 100% NNN leased to solid good tenant mix. NOI $220K/yr. $2.9M. 7.60% cap.
9. Retail Center in Oakland Park, FL: 9600 SF six units retail center on .77 ac lot at main retail corridor in high income area just North of Fort Lauderdale. Close to 571-bed Holy Cross Hospital. NNN leased to 5 tenants with only one vacant unit. Pro forma NOI $134K/yr. $1.89M. 7.09% pro forma cap.
10. Retail Center in Orem, UT: 13,104 SF attractive retail center at a hard corner location in Salt Lake City suburbs. 77% leased. NOI $164K/yr. $2.05M. 8% cap.

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