04-24: Cancer Treatment Clinic, Office Buildings, Shopping Centers

1. Retail Building in Cincinnati, OH: 5700 SF fully renovated retail building on 1.29 ac outparcel to Bigg’s Place Mall and along main retail artery. Close to Eastgate Mall and I-275. 100% NNN leased to Firehouse Subs and Five Guys Burgers. NOI $122K/yr. $1.886M. 6.50% cap.
2. Shopping Center in Columbus, OH: 38,837 SF shopping center on 3.85 ac lot along major artery shadow anchored by 42,000 SF grocery store. Close to I-71. 100% leased. NOI $352K/yr. $3.715M. 9.50% cap.
3. MOB in Kennewick, WA: 12,618 SF Class-A single tenant Cancer Treatment Clinic  competed in 2001 on .74 ac lot in growing and upper middle class area. Close to Columbia Mall. 100% absolute NNN lease with 7-yrs left. NOI $420K/yr. $6M. 7% cap.
4. MOB in Fredericksburg, VA: 14,900 SF Class-B single tenant medical office building on nearly 3 ac lot. Between Kaiser Permanente Fredericksburg and I-95. 100% NNN lease with 5-yrs left to Corporate Headquarters of Fredericksburg Orthopedic Associates, the region’s largest orthopedic specialist. NOI $299K/yr. $4.6M. 6.50% cap.
5. Office Building in Greenwood, IN: 12,708 SF Class-B office building constructed in 2006 on 1 ac lot in high income (AHI $85K/yr) Indianapolis suburbs. 90% leased to stable long tenants. NOI $96K/yr. $1.2M. 8% cap.
6. Office Building in Albuquerque, NM: 22,519 SF Class-B multitenant office building on 1.65 ac lot anchored by Quest Diagnostics along busy corridor. 100% leased. NOI $156K/yr. $1.95M. 8% cap.

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