Tuesday, January 26, 2016

01-12: Hereford House, MOB, Shopping Centers, Retail Centers



Daily Best Commercial Properties

  1. Shopping Center in Peoria, AZ: 83,436 SF shopping center built in 2003 on 8.59 ac lot in Phoenix suburbs. Anchored by 57,850 SF Bashas' Grocery store with 130 locations. Other major tenants include, H&R Block, Subway, Great Clips, UPS and Kinsley Healthcare. 87% leased. Actual NOI $783K/yr. $10.815M. 7.25% actual cap. Upside potential when fully leased.
  2. Retail Center in Darien, IL: 14,060 SF high-quality construction retail center on 1.76 ac lot in affluent neighborhood with an AHI of $108K/yr in 1 mile. Next to Walgreens. 100% leased with long-term established tenants. NOI $262K/yr. $3.275M. 8% cap.
  3. MOB in San Jose, CA: 4800 SF Class-B medical office building in growing and high income (AHI $112K/yr) Silicon Valley. Close to O'Connor Hospital, Westfield Valley Fair and I-880. $2.2M. Excellent opportunity for owner-user!
  4. Retail Center in Miami, FL: 21,001 SF mature retail center on 1.61 ac lot along busy retail corridor. 100% NNN leased. NOI $351K/yr. $5.5M. 6.40% cap.
  5. Retail Center in Moreno Valley, CA: 20,342 SF retail center constructed in 205 on 1.74 ac lot in fast growing Riverside County. Major tenants include: US Health Works, 99 Cents Store, Alberto's Mexican Food and Liberty Tax Services. 78% leased to thirteen tenants. Actual NOI $216K/yr. $3.5M. 6.19% cap.
  6. Hereford House in Leawood, KS:11,055 SF Steakhouse on 1.06 ac outparcel to Town Center Plaza - a major open-air lifestyle center with over 90 stores in high income Kansas City suburbs. 100% long term absolute NNN lease. NOI $254K/yr with 2% or CPI annual rent bumps.  $3.512M. 7.25% cap.
  7. MOB in Columbus, OH: 31,293 SF newly renovated multitenant medical office building on 3.50 ac lot in a high income (AHI $99K/yr) area. 100% NNN leased. NOI $352K/yr. $4.7M. 7.50% cap.
  8. Retail Center in San Antonio, TX: 14,984 SF attractive retail center on 1.44 ac lot at a busy intersection. Close to North Central Baptist Hospital. 100% NNN leased to strong tenants. NOI $287K/yr. $4.1M. 7% cap.
  9. Strip Center in Reseda, CA: 8301 SF L-shaped well maintained strip center on .39 ac lot at a signalized intersection in densely populated Los Angeles area with over 580,000 residents in a 5 mile ring. 85% NNN leased. NOI $156K/yr. $2.55M. 6.13% cap.
(c) Transmercial 2016
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.


David V. Tran
Chief Investment Advisor. CA BRE# 00969014
Transmercial -- Commercial Real Estate Investments
408-288-5500 ext. 201, 408-288-5533 (F)
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