04-28: Office Plaza, MOB, Retail Centers, Strip Centers, Office Complex

1. Retail Center in Union City, CA: 11,720 SF well maintained retail center on 1.44 ac lot at a signalized intersection in Northern CA. With easy access to I-880. 100% with mostly NNN leases. NOI $278K/yr. $5.5M. 5.07% cap.
2. Shopping Center in Phoenix, AZ: 75,559 SF well kept neighborhood center on 5.69 ac lot anchored by Goodwill and Blast Fitness along a main artery. Close to Christown Spectrum Mall, 216-bed Phoenix Baptist Hospital and I-17. 83% leased. Actual NOI $766K/yr. $9.975M. 7.68% actual cap. Upside potential.
3. Strip Center in Colleyville, TX: 6800 SF attractive strip center constructed in 2005 on .75 ac lot at a signalized intersection in affluent (AHI $132K/yr) Fort Worth suburbs. Across from new Whole Food Market. 100% leased to stable tenants. NOI $118K/yr. $1.9M. 7% cap.
4. Retail Center in Allen, TX: 12,000 SF retail center built in 2003 on 1.74 ac lot at a hard corner location. High growth (103% since 2000) & high income (AHI $108K/yr in 1mile) area. 90% leased with good tenant mix.  Pro forma NOI $229K/yr. $2.8M. 8% pro forma cap.
5. Office Complex in Arlington, TX: 19,957 SF Class-B multitenant office complex constructed in 1998 on over 3 ac lot in growing and high income (AHI $109K/yr) Fort Worth suburbs. 94% leased to regional credit tenants. Actual NOI $334K/yr. $3.75M. 8.91% actual cap. Upside potential when fully occupied.
6. Strip Center in Paterson, NJ: 9000 SF well maintained strip center in densely populated middle class New York MSA. All units face main thoroughfare. 85% leased. Actual NOI $119K/yr. $1.7M. 7% actual cap.
7. Office Plaza in Redlands, CA: Class-A office building in affluent San Bernardino County with an AHI of $119K/yr in 1 mile. With easy access to I-10. NOI $467K/yr. $6.94M. 6.74% cap.
8. Retail Center in Mundelein, IL: 33,992 SF retail center in high income (AHI $102K/yr) Chicago metro. 100% NNN leased. $5M. NOI N/A.
9.  MOB in Portland, OR: 13,697 SF Class-B medical office building at a hard corner location. Close to Cascade Station, with IKEA, Target, Home Goods, Sports Authority and more. Near I-205.  100% leased to multiple tenants. NOI $228K/yr. $3.4M. 6.72% cap.
10. Retail Center in Cumberland, RI: 46,120 SF well maintained retail center in high income (AHI $90K/yr in a 3 mile ring) Providence metro. Next to and with easy access to I-295. 100% leased. NOI $554K/yr. $7.395M. 7.50% cap.

            (c) Transmercial 2015