Tuesday, June 28, 2016

06-14: Retail Centers, Serrano's Mexican Restaurant, MOB, Professional Buildings, Shopping Centers



Daily Best Commercial Properties

  1. Retail Center in Westmont, IL: 33,980 SF well maintained retail center at a busy artery in affluent (AHI $110K/yr) area. 90% NNN leased. NOI $472K/yr. $5.9M. 8% cap.
  2. Serranon's Mexican Grill in Henderson, NV: 2574 SF single tenant restaurant constructed in 1999 on .69 ac lot in fast growing middle-class Las Vegas suburbs. 100% absolute NNN lease with 12 yrs left to an operator with four locations. NOI $86K/yr with 2% annual rent increases. $1.2M. 7.22% cap.
  3. Shopping Center in Stow, OH: 26,173 SF attractive shopping center on over 5 ac lot in upper middle-class neighborhood. Major tenants include: PNC Bank, Fringe Salon and Phoenix Express. 93% NNN leased. NOI $265K/yr. $3.2M. 8.29% cap.
  4. Shopping Center in Eau Claire, WI: 56,040 SF well kept shopping center on 7.23 ac lot anchored by Planet Fitness. With easy access to Hwy-53. 100% leased. NOI $389K/yr. $5.03M. 7.75% cap.
  5. Retail Center in East Providence, RI: 20,000 SF eye-catching retail center at a hard corner location in high income Providence MSA. 100% leased with good tenant mix. NOI $185K/yr. $2.595M. 7.13% cap.
  6. Office Building in Temecula, CA: 11,233 SF multitenant office building on .78 ac lot in Los Angeles suburbs. Visible from I-15. 100% leased. NOI $76K/yr. $1.1M. 6.93% cap.
  7. MOB in Bakersfield, CA: 60,423 SF Class-A consisting of two medical office buildings completed in 2005 on over 4 ac lot. Major tenants include: Dignity Health, GemCare, Accelerate Urgent Care, Quest Diagnostics and Childrens Hospital of Los Angeles. 95% NNN leased. Actual NOI $1.060M/yr. $16.312M. 6.50% actual cap. Upside potential.
  8. MOB in Surprise, AZ: 32,505 SF Class-B multitenant medical office building on over 4 ac lot in growing Phoenix suburbs. Close to Banner Del E. Webb Medical Center. 88% leased. NOI $268K/yr. $3.7M. 7.26% cap.
  9. Retail Building in San Marcos, CA: 8060 SF attractive retail center on .82 ac outparcel to Walmart and Kohl's in Southern California. Adjacent to Costco and with easy access to Hwy-78. 100% NNN leased to Lakeshore Learning and King Massage. NOI $214K/yr. $4M. 5.35% cap.
  10. Professional Center in Raleigh, NC: 17,300 SF Class-B multitenant office building constructed in 2000 in a fast growing area. Near I-440. 73% lease to medical and professional tenants. NOI $116K/yr. $1.45M. 8% 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.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)