Tuesday, July 5, 2016

06-20: 24 Hour Fitness, Professional Buildings, MOB, Retail Centers



Daily Best Commercial Properties

  1. Shopping Center in Victorville, CA: 21,800 SF attractive shopping center on 1.66 ac lot in growing middle-class San Bernardino County. Shadow anchored by Rite-Aid Pharmacy and Stater Bros Supermarket. 94% NNN leased with excellent tenant mix including Metro PCS, Little Caesar's Pizza, Cash 4 Gold, Liberty Dental among others. NOI $474K/yr. $7.7M. 6.16% cap. Upside potential when fully leased.
  2. Retail Center in Indio, CA: 30,619 SF well kept shopping center at a hard corner location in growing Riverside county. 4-points of ingress/egress along Hwy-111. Shadow anchored by Stater Bros grocery. 88% leased to national and regional tenants. Actual NOI $645K/yr. $10.765M. 6% cap.
  3. Retail Center in Pittsfield Township, MI: 27,829 SF retail center on 3 ac corner lot in growing and upper middle-class Ann Arbor metro. With easy access to I-94. 93% leased. NOI $364K/yr. $4.416M. 8.26% cap.
  4. Strip Center in Port Saint Lucie, FL: 8640 SF strip center built in 2005 on over 1 ac lot along busy corridor. 100% NNN leased to five tenants. NOI $98K/yr. $1.315M. 7.48% cap.
  5. Retail Center in Coachella, CA:10,268 SF well kept retail center at a hard corner location in Riverside County. 94% NNN leased with good tenant mix including 7-Eleven. NOI $149K/yr. $2.29M. 6.51% cap.
  6. 24 Hour Fitness in Upland, CA: 33,350 SF fitness center renovated in 2004 on over 3 ac lot along major artery in upper middle-class San Bernardino County. Tenant has been at this location for 11yrs. 15 yrs NNN lease with 4 yrs left. NOI $403K/yr. $6.208M. 6.5% cap.
  7. Professional Buildings in Orange Park, FL: 27,793 SF well maintained professional buildings in Jacksonville suburbs. Across from Orange Park Medical Center. 74% leased to multiple tenants. NOI $379K/yr. $3.95M. 9.60% cap.
  8. MOB in Rochester, PA: 34,534 SF single tenant medical office building in Pittsburgh suburbs. 20 yrs NNN corp lease with over 13 yrs left to Staunton Clinic. NOI $225K/yr. $3.214M. 7% cap.
  9. Retail Center in Norcross, GA: 21,600 SF retail center along busy corridor in growing middle-class Atlanta suburbs. 95% leased. Pro forma NOI $260K/yr.  $2.6M. 10% pro forma 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.
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