05-07: VASA Fitness Center, Tilted Kilt, Professional Plaza, Office Buildings

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  1. Shopping Center in Eldersburg, MD: 57,585 SF well maintained shopping center on 6 ac lot in growing and high income (AHI $108K/yr in 3 miles) Baltimore suburbs. 92% NNN leased. NOI $723K/yr. $10.331M. 7% cap.
  2. Office Building in Murray, UT: 36,921 SF Class-B multitenant office building on nearly 2 ac lot in Salt Lake City suburbs. Close to Intermountain Medical Center and with easy access to I-15. Actual NOI $366K/yr. $5.239M. 7% actual cap. Upside potential.
  3. VASA Fitness Center in Riverton, UT: 44,556 SF fitness center built in 1996 on 4.36 ac lot in upper middle class Salt Lake City MSA with an AHI of $88K/yr in 1 mile. Newly executed NNN lease to Vasa Fitness,  a regional operator with 18 locations. NOI $623K/yr. $8.911M. 7% cap.
  4. Office Building in Harker Heights, TX: 13,493 SF Class-A multitenant office building in a fast growing and high income (AHI $95K/yr) area. 100% leased. NOI $234K/yr. $2.19M. 10.70% cap.
  5. Tilted Kilt in Fort Myers, FL: 13,000 SF 8257 SF Tilted Kilt sport pub and restaurant on 1.92 ac lot at a major retail corridor in Cape Coral suburbs. Adjacent to Target and DSW shopping center. Other nearby retailers include: Costco, T.J. Maxx, Movie Theater, Bealls, Ross Dress for Less and more. 100% leased. NOI $217K/yr. $3M. 7.25% cap.
  6. Retail Building in Homewood, IL: 19,215 SF attractive retail center renovated in 2011 on nearly 2 ac lot shadow anchored by new Walmart Supercenter in Chicago suburbs. Across from 500,000 SF Power Center with Target, Home Depot and Menards. 100% leased to Buffalo Wild Wings and Dollar Tree. NOI $259K/yr. $3.61M. 7.20% cap.
  7. Retail Building in Gilbert, AZ: 6000 SF attractive retail building constructed in 2006 on .80 ac outparcel to a shopping center. Across from Safeway center and near Banner Gateway Medical Center and Hwy-60. 80% leased. Actual NOI $100K/yr. $1.26M. 8% cap.
  8. Retail Center in Lithonia, GA: 7700 SF attractive retail center in fast growing Atlanta suburbs. Across from The Mall at Stonecrest and close to I-20. 100% NNN leased. NOI $169K/yr. $2.26M. 7.50% cap.
  9. Strip Center in Wood Dale, IL: 7300 SF well maintained strip center on .56 ac corner lot in upper middle class Chicago suburbs. Good tenant mix including 7-Eleven. NOI $94K/yr. $1.175M. 8% cap.
  10. Professional Plaza in Margate, FL: 17,202 SF Class-B consisting of two multitenant office buildings on 2.88 ac lot in Fort Lauderdale suburbs. Adjacent to Northwest Medical Center.  Near major power centers. 100% leased. NOI $215K/yr. $2.399M. 9% cap.

(c) Transmercial 2015