07-22: LA Fitness, Apartments, MOB, Office Buildings, Retail Centers

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 on CBRE, M&M, SVN, and various other sources.   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. MOB in Phoenix, AZ: 8750 SF well-maintained medical office building on 1 ac lot in densely populated area. 100% leased to two stable medical tenants. NOI $98K/yr. $999K. 9.90% cap.
2. Office Building in Bend, OR: 12,364 SF Class-B office building on 1.60 ac lot in fast growing (92.98% growth) and affluent area with an AHI of $105K/yr within 1 mile. 90% NNN leased to Harrigan, Price, Fronk & Co CPA's, Exam Works, Inc, N. Pacific Financial, & Leah Schock PhD.. NOI $177K/yr. $1.95M. 9.10% cap.
3. LA Fitness in Hemet, CA: 50,000 SF fitness center built in 2008 on 5.61 ac lot across from Home Depot at densely populated Southern California. 100% NNN- corp lease. NOI $819K/yr with rent increases every 5 yrs. $11.25M. 7.28% cap.
4. Day Care Facility in Walnut Creek, CA: 7780 SF attractive day care center on .80 ac lot in affluent Northern CA city with an AHI of $138K/yr in 1 mile. Previous KinderCare preschool with outdoor play areas. Excellent for owner-user. $3.5M.
5. Retail Center in Atlanta, GA: 14,647 SF attractive retail center built in 2009 on 1.93 ac outparcel to Publix grocery center. Along major retail corridor and I-285. 100% leased to Five Guys, Comcast, This Is It! BBQ & Seafood, Armed Forces Career Center and Nail Salon. NOI $355K/yr. $4.184M. 8.50% cap.
6. Apartments in Hayward, CA: 8-unit 2-bedroom 1/bath apartment building in San Fran Bay Area. Close to Southland Mall and I-880. 100% occupied. NOI $73K/yr. $1.22M. 6.03% cap.
7. MOB in Fresno, CA: 5050 SF well kept medical office building part of a medical/office complex close to St Agnes Hospital. 100% NNN leased to multiple tenants. NOI $92K/yr. $1.44M. 6.25% cap.
8. Shopping Center in Cedar Hill, TX: 26,075 SF attractive shopping center built in 2006 on 3+ ac lot in high income Fort Worth/Dallas suburbs. Across from Uptown Village at Cedar Hill, an open-air regional shopping mall. Near Fwy-67. 100% leased. NOI $489K/yr. 6.50% cap. Price not disclosed.
9. Retail Center in Tampa, FL: 9750 SF retail center in Chinatown. All units face main road. 100% leased to Yummy House, Nail Supply and Ginja Bay Café. NOI $130K/yr. $1.89M. 6.90% cap.
10. Apartments in Louisville, KY: 30-unit Class-A multifamily complex completed in 2011 on 1.50 ac lot close to shopping centers, parks and major roads. 100% occupied. NOI $207K/yr. $2.599M. 8% cap.  

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