06-26: Auto Center, MOB, Strip Centers, Professional Centers

1. Strip Center in Clearwater, FL: 8687 SF strip center built in 2006 on .73 ac corner lot along US Hwy-19 in Tampa suburbs. Close to Clearwater Mall. 100% leased. NOI $225K/yr. $2.795M. 8.08% cap.
2. Auto Center in Margate, FL: 8651 SF attractive auto center on .82 ac lot along major artery in Coral Springs suburbs. Near Northwest Medical Center. 100% NNN lease to 2 tenants: Good Year Auto and Collision Auto Center. NOI $187K/yr. $2.5M. 7.50% cap.
3. MOB/Professional Building in Fort Pierce, FL: 11,760 SF Class-B multi-tenant professional/medical office building on .85 ac lot. Close to Lawnwood Regional Medical Center. NOI $68K/yr. $895K. 7.60% cap.
4. Shopping Center in Vista, CA: 19,730 SF consisting of two well maintained retail center on 1.65 ac lot adjacent to Walgreen’s in Southern California. Across from Stater Bros Grocery Center. 100% lease to strong national/regional and local tenants. NOI $355K/yr. $7.113M. 7.89% cap.
5. Retail Center in Mansfield, TX: 11,659 SF upscale retail center in a fast growing (104% since 2000) and high income (AHI $104K/yr) Fort Worth/Dallas suburb. All units face main corridor. Near Kroger, Walmart. 87% leased. NOI $212K/yr. $2.65M. 8% cap.
6. MOB in Yuma, AZ: 50,000 SF Class-A medical office building on 2.65 ac lot adjacent to Yuma Regional Medical Center. 100% NNN leased to multiple tenants. NOI $890K/yr. $12M. 7.42% cap.
7. Neighborhood Center in Las Vegas, NV: 71,000 SF attractive shopping center on 6.46 ac lot. Close to Meadows Mall, University Medical Center and Valley Hospital Medical Center. 100% leased. NOI $855K/yr. $10.9M. 7.85% cap.
8. MOB in Sacramento, CA: 7,661 SF attractive single-tenant medical office building completed in 2004 on .75 ac lot in fast growing area. 100% NNN lease with 3-yrs left. NOI $207K/yr with 2% annual rent increases. $2.865M. 7.25% cap.

            (c) Transmercial 2014