07-10: Business Center, Apartments, MOB, Retail Centers

1. Shopping Center in Oswego, IL: 36,000 SF well maintained shopping center at a signalized location in high income (AHI $97K/yr) Chicago metro. Close to Power Centers anchored by Target & Meijer grocery. 100% leased. NOI $384K/yr. $5.125M. 7.50% cap.
2. Retail Center in Waukegan, IL: 12,430 SF well kept retail center in growing Chicago suburbs. Across from Target and Jewel-Osco Grocery. 89% NNN leased to Harris Bank, EZPawn and Virgin Mobile. NOI $162K/yr. $2.165M. 7.50% cap.
3. Business Center in Davenport, IA: 55,492 SF attractive business park consisting of five buildings completed in 1997 on 5.37 ac lot in growing and affluent area with an AHI of $122K/yr in 1 mile radius. Near I-74 exit. 91% leased with solid tenant mix. NOI $554K/yr. $6.527M. 8.50% cap.
4. Office Building in Snellville, GA: 21,600 SF well maintained multitenant office building constructed in 1999 on over 1 ac lot in upper middle-class Atlanta MSA. 100% leased. NOI $246K/yr. $2.95M. 8.40% cap.
5. Retail Building in Mesa, AZ: 5100 SF retail building completed in 1999 on .57 ac lot along major artery in Phoenix suburbs. Close to Superstition Springs Center, Banner Gateway Medical Center and Hwy-60. 100% NNN leased to FastMed Urgent Care and Cricket Wireless. NOI $119K/yr. $1.713M. 7% cap.
6. Retail Building in Grand Rapids, MI: 11,041 SF Class-B two-tenant retail building in growing middle-class area. 100% leased to Fresenius Dialysis Center (with 9+ yrs left) and Florist. NOI $115K/yr. $1.65M. 7% cap.
7. Strip Center in Spokane, WA: 10,597 SF strip center built in 2006 on nearly 1 ac lot at a signalized intersection. Close to Walmart Supercenter, The Home Depot and WinCo Foods Grocery. 100% leased with mostly national credit tenants such as: O’Reilly Auto Parts. NOI $184K/yr. $2.83M. 6.50% cap.
8. Retail Center in Carrolton, TX: 11,650 SF retail center at a prime retail corridor shadow-anchored by Super H-Mart Grocery. Across from Walmart Supercenter and Lowe’s. On an off/on ramp of President George Bush Turnpike. Near I-35E. 100% leased. NOI $221K/yr. $2.7M. 8.20% cap.
9. Apartments in Lancaster, CA: 15-units well maintained multifamily complex in growing middle-class area. 80% occupied. NOI $88K/yr. $1M. 8.80% cap.
10.  MOB in Gurnee, IL: 7000 SF Class-B medical office building on .75 ac lot in growing Chicago suburbs. Near Hwy-41. 100% leased to four tenants. NOI $84K/yr. $939K. 9% cap.

            (c) Transmercial 2014