07-17: Medical Condos, MOB, Tire Kingdom, Shopping Centers

1. MOB Surgery in Vero Beach, FL: 22,119 SF medical office building/surgery center built in 2000 on 2.47 acres lot across from Indian River Medical center in Port Saint Lucie.  100% NNN leased to a surgery center and 3 medical practices with up to 10 yrs years.  NOI $380K/yr.  $4.75M. 8% cap.
2. Shopping Center in Irving, TX: 30,512 SF shopping center built in 1994 on nearly 2 ac lot at a busy intersection in Dallas/Fort Forth suburbs. Across form Irvin Mall and near Fwy-183. 100% leased. NOI $238K/yr. $3.4M. 7% cap.
3. Shopping Center in League City, TX: 45,130 SF shopping center renovated in 1998 on 4 ac lot in growing and high income Houston suburbs with an AHI of $108K/yr in 1 mile. 98% leased. NOI $426K/yr. $5.15M. 8.28% cap.
4. Medical Condos in Havertown, PA: 5600 SF Class-B consisting of three medical condos in densely and high income Philadelphia MSA. 100% leased. NOI $89K/yr. $995M. 9% cap.
5. MOB in Federal Way, WA: 17,096 SF well maintained medical office building on 2.74 acres lot in Seattle metro.  100% NNN leased.  NOI $252K/yr.  $3.6M. 7% cap.
6. Tire Kingdom in Saint Petersburg, FL: 7689 SF auto center on .60 ac corner lot along main retail corridor. 100% absolute NNN corp lease with 4½ yrs left. NOI $73K/yr. $1.054M. 7% cap.
7. Retail Building in Irving, TX: 32,254 SF free-standing retail building at a hard corner location in growing and upper middle-class Dallas suburbs. 100% NNN leased to Gold’s Gym and Taj Grocers. NOI $285K/yr. $4.35M. 6.57% cap.
8. Office Building in Phoenix, AZ: 31,557 SF Class-B multi-tenant office building on 1.37 ac lot. Close to Sky Harbor International Airport and Hwy-143. 100% leased. NOI $262K/yr. $3.2M. 8.20% cap.
9. MOB in Chicago, IL: 6600 SF well kept medical office building at a corner location. Excellent tenant mix: dentist, chiropractor, hospice office and more. 100% NNN leased. NOI $92K/yr. $895K. 10.34% cap.
10. Shopping Center in Rio Rancho, NM: 32,271 SF consisting of four buildings at a signalized intersection shadow anchored by Big Lots and Kmart in Albuquerque suburbs. 97% NNN leased to a mixture of national/local tenants. Across Intel Corporation. NOI $407K/yr. $5.495M. 7.42% cap.

            (c) Transmercial 2014