04-22: MOB, Office Park, Medical Complex, Retail Centers

Welcome new investors.  Transmercial is the only company in the US that offers this list of best properties between $950K to $30M in 50 states.  These properties are selected from 300-400 daily listings on major commercial real estate companies, 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.  Transmercial will guide you thru the whole acquisition process if needed.  It will track all the issues via the "Due Diligence Summary" report until they are all resolved prior to closing.

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 Merrionette Park, IL: 57,305 SF multitenant office building on 6.80 ac lot in Chicago suburbs. Tenants include: Fresenius, Arbor Eye Center and Advocate Health. 100% NNN leased. $11.7M. 6.80% cap.
2. Shopping Center in Perris, CA: 48,331 SF shopping center constructed in 1991 on over 5 ac lot in fast growing Riverside County. Across from new Super Walmart. With easy access to I-215. 100% leased to twenty-three tenants. NOI $723K/yr. $10.3M. 7.02% cap.
3. Retail Center in Las Vegas, NV: 11,688 SF attractive retail center built in 2008 on .81 ac lot in growing and upper middle class area. Adjacent to major power center with Sam’s Club, Walmart Supercenter and Home Depot. With easy access to I-215. 90% NNN leased. Actual NOI $140K/yr. $1.85M. 7.60% cap. -
4. Shopping Center in Pearland, TX: 45,260 SF consisting of three retail buildings completed in 2007 on over 4 ac lot in Houston suburbs. Close to Pearland Town Center and Hwy-288. 100% leased with good tenant mix such as: First American Title Company, Plato’s Closet, Arrow Dental, Smoothie King and more. NOI $925K/yr. $13.26M. 6.98% cap.
5. MOB in Charlotte, NC: 15,400 SF Class-A single-tenant medical office condo close to Presbyterian Novato Medical Center and CMC Mercy Hospital. 100% NNN lease till 2026. NOI $279K/yr with 3% annual rent increases. $3.997M. 7% cap.
6. Retail Center in Suwanee, GA: 19,996 SF attractive retail center built in 2008 on 4.80 ac lot along main retail corridor in affluent (AHI $112K/yr in 3 miles) Atlanta metro. 100% leased by 8 national and regional tenants. NOI $436K/yr. $4.477M. 9.75% cap.
7. Office Park in Santa Rosa, CA: 52,352 SF Class-B multitenant office building on nearly 4 ac lot in growing & upper middle class area North of San Francisco. 96% leased. Pro forma NOI $488K/yr. $6.295M. 7.76% pro forma cap.
8. Neighborhood Center in San Bernardino, CA: 58,740 SF well maintained shopping center on 5 ac lot anchored by El Super grocery in growing Los Angeles suburbs. 96% leased to eight tenants. Close to 463-bed St Bernardine Medical Center. NOI $772K/yr. $12.871M. 6% cap.
9. MOB in Gilbert, AZ: 9062 SF Class-A medical office building between Banner Gateway Medical Center and Arizona Spine & Joint Hospital in Phoenix metro. 100% NNN leased to four tenants. NOI $171K/yr. $2.444M. 7% cap.
10. Medical Complex in Fremont, CA: 10,195 SF Class-B medical complex on .67 ac lot in high income Silicon Valley with an AHI of $100K/yr in a 3 mile ring. Between Washington Hospital, Kaiser Permanente-Fremont and The Fremont Hub. 80% leased with only 1 vacancy. Actual NOI $217K/yr. $3.5M. 6.20% actual cap. Upside potential.