Thursday, August 27, 2015

08-13: Shopping Centers, Retail Buildings, Strip Centers, Office Buildings

Daily Best Commercial Properties

  1. Shopping Center in Hemet, CA: 58,035 SF well maintained shopping center on 4.55 ac lot with excellent tenant mix in Riverside County. Shadow anchored by Big Lots. 71% leased. Actual NOI $351K/yr. $5.625M. 6.25% cap. Upside potential when fully leased.
  2. Retail Buildings in Altamonte Springs, FL: 9550 SF consisting of two buildings competed in 1993 on nearly 1 ac lot in Orlando suburbs. 100% NNN leased to Tire Kingdom and Batteries Plus. NOI $209K/yr. $3.488M. 6% cap.
  3. Retail Center in San Antonio, TX: 10,575 SF retail center built in 2013 on over 1 ac lot in a fast growing (219% pop growth since 2000) and upper middle class (AHI $72K/yr) area. On an off/on ramp of Hwy-151. Strong tenants including: Goodwill, NextCare and Brident. NOI $332K/yr. $5.119M. 6.50% cap.
  4. Strip Center in Akron, OH: 3219 SF attractive strip center on .42 ac corner lot. 100% leased to Starbucks Coffee and Romeo's Pizza. NOI $69K/yr. $1.069M. 6.50% cap.
  5. Shopping Center in Gahanna, OH: 48,667 SF attractive shopping center on 6.39 ac lot anchored by Discount Drug Mart, a regional operator with 71 stores. Good demographics: 113% pop growth since 2000 & high income (AHI $90K/yr in a 3 mile radius) Columbus suburbs. NOI $508K/yr. $6.25M. 8.13% cap.
  6. Office Building in Phoenix, AZ: 25,292 SF Class-B multitenant office building on 1.67 ac lot along main artery. Near 221-bed Abrazo Central Campus Hospital and Christown Spectrum Mall. 83% leased. Actual NOI $176K/yr. $2.475M. 7.12% cap.
  7. Retail Building in Louisville, KY: 5494 SF retail building on .46 ac outparcel to Home Depot at a busy retail corridor. 100% NNN leased to Sprint and CheckSmart. NOI $105K/yr. $1.5M. 7% cap.
  8. Retail Center in Wheeling, IL: 16,355 SF retail center constructed in 2004 on over 1 ac lot in growing and high income Chicago suburbs. 83% NNN leased. Actual NOI $237K/yr. $3.65M. 6.5% actual cap. Upside potential.
  9. Retail Center in Burnsville, MN: 18,862 SF well maintained retail center on 2 ac lot at a busy corridor in upper middle class Minneapolis suburbs. 100% leased. NOI $153K/yr. $1.7M. 9% cap.
  10. Shopping Center in Fremont, CA: 25,972 SF recently remodeled shopping center built in 1990 on 1.70 ac lot in high income Silicon Valley. 100% NNN leased. NOI $658K/yr. $13.164M. 5% cap.
 
(c) Transmercial 2015
About The Properties

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 from many commercial real estate companies, and various other sources.   Each property has a brief description and a flyer.  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.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)