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09-06: MOB, Professional Buildings, Retail Plazas, Shopping Centers

1.   United Health Group in Vista, CA: 16,486 SF two-story single tenant medical office building on 1.50 ac lot in San Diego suburbs. Across from Tri City Medical Center and adjacent to Hwy-78. 10 yrs corp lease with 7 yrs left. NOI $508K/yr. $8M. 6.36% cap.

2.   Neighborhood Center in Modesto, CA: 105,711 SF attractive shopping center completed in 2000 on over 9 ac lot along main retail artery. Shadow anchored by Rancho San Miguel Markets (currently subleasing from Raley’s) and Ross Dress For Less. Other major tenants include: Papa Murphy’s, Mountain Mike’s, Sally Beauty Supply, Supercuts, Jackson Hewitt and more. 100% leased. NOI $1.520M/yr. $19M. 8% cap. Buyer to assume $13.2M loan at 4.58% interest rate.

3.   Retail Center in Corona, CA: 8112 SF attractive retail center built in 2006 on 1.27 ac lot in Riverside County. At a signalized intersection of a ramp of I-15. 100% NNN leased to four tenants. NOI $216K/yr. $4.32M. 5% cap.

4.   Strip Center in Peabody, MA: 24,480 SF well maintained strip center on nearly 1 ac lot in Boston MSA. NNN leased to multiple tenants. $3.2M. NOI/Cap N/A.

5.   Retail Building in Dothan, AL: 6,590 SF two-tenant retail building constructed in 2007 on .78 ac lot along main retail corridor. 100% NNN leased to Tuffy Auto Service and Q’ tie Nail Salon. NOI $167K/yr. $2.091M. 8% cap.

6.   Retail Center in Orangevale, CA: 21,000 SF well kept retail center on nearly 2 ac lot at a hard corner location in fast growing Sacramento suburbs. Between Walmart Supercenter and WinCo Foods grocery. 72% leased. Actual NOI $197K/yr. $3.15M. 6.27% actual cap. Upside potential when fully leased.

7.   Strip Center in Los Angeles, CA: 8672 SF strip center renovated in 2013 at a corner location in a densely populated area with over 1M residents in a 5 mile radius. 100% NNN leased to five tenants. NOI $166K/yr. $3.024M. 5.50% cap.

8.   Retail Center in Olive Branch, MS: 11,970 SF retail center built in 2005 on 1.42 ac outparcel to Home Depot in Memphis MSA. Adjacent to Walmart Supercenter. All units face Hwy-78. 100% leased. NOI $160K/yr. $2.146M. 7.50% cap.

9.   Retail Plaza in Fort Collins, CO: 69,683 SF consisting of three (ground-leased) pads and an inline retail center in growing and high income Denver metro. Shadow anchored by Walmart Supercenter. 96% leased with excellent tenant mix: Panda Express (ground lease), Fazolis (ground lease), Firestone (ground lease), Great Clips, H&R Block and more. Actual NOI $1.1M/yr. $15.5M. 7.10% cap.

10.Professional Building in Chattanooga, TN: 18,858 SF Class-B multitenant office building. Close to Hamilton Place Mall and I-75. NOI $143K/yr. $1.69M. 8.50% cap.   

 

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.