11-10: MOB, Goddard School, Office/Flex, Retail Center

   

Welcome new investors.  Transmercial is the only company in the US 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 Las Vegas, NV: 43,897 SF attractive multi-tenant medical office building constructed in 1997 on 2.60 ac lot adjacent to 340-bed Mountain View Hospital. 87% leased. Actual NOI $762K/yr. $10M. 7.62% cap. Upside potential when fully leased.
2. Shopping Center in Orland Park, IL: 57,499 SF shopping center built in 2006 at a hard corner location in growing and affluent Chicago suburbs with an AHI of $106K/yr in 3 miles. Major tenant include: Jewel Osco Grocery, Starbucks, Jimmy Johns and Chase Bank. NNN. NOI $396K/yr. $6.1M. 6.5% cap.
3. Goddard School in Powell, OH: 8124 SF early childhood preschool education center constructed in 2003 in prosperous (AHI $115K/yr in 3 miles) Columbus MSA. 100% NNN lease with 4-yrs left. NOI $169K/yr. $2.184M. 7.75% cap.
4. Office/Flex Building in Rohnert Park, CA: 23,260 SF well maintained buildings on 1.40 ac lot in fast growing city just North of San Francisco. Easy access to Hwy-101. 100% leased to six professional tenants. NOI $215K/yr. $3.18M. 6.78% cap.
5. Office Building in Sacramento, CA: 20,336 SF Class-C office building close to UC David Medical Center and California State University-Sacramento. 100% leased. NOI $138K/yr. $2.25M. 6.15% cap.  Low price/SF.
6. Retail Center in Clinton Township, MI: 26,552 SF attractive retail center built in 1995 on over 6 ac lot anchored by Dollar General in Detroit suburbs. 94% NNN leased. NOI $200K/yr. $2.165M. 9.25% cap.
7. Retail Center in Chandler, AZ: 13,200 SF eye-catching retail center at a corner location in booming (1,586% pop growth since 2000) and affluent (AHI $112K/yr) Phoenix suburbs. 100% NNN leased. NOI $220K/yr. $3.046M. 7.25% cap.
8. Retail Center in Phoenix, AZ: 15,635 SF attractive retail center across from Wal-Mart, near Home Depot and on/off ramp of Hwy-101.  94% NNN leased. NOI $241K/yr. $3.109M. 7.75% cap.
9. Retail Center in Sacramento, CA: 16,200 SF well kept retail center on 1.28 ac lot at a hard corner location. Across from La Superior Supermercado. Adjacent to shopping center with 99 Cents Only and Harbor Freights Tools. 100% NNN leased to fourteen tenants. NOI $132K/yr. $1.6M. 7.55% cap.
10. Retail Center in Austell, GA: 35,150 SF attractive shopping center built in 2000 anchored by Gold’s Gym in Atlanta suburbs.  Shadow-anchored by Regal Cinema. 91% NNN leased. NOI $347K/yr. $4.086M. 8.50% cap.

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