10-13: MOB, Apartments, Family Dollar, Retail Centers, Strip Centers, Neighborhood Centers

 

Daily Best 10 Commercial Properties
 

1.     Neighborhood Center in Fort Worth, TX: 82,000 SF well maintained shopping center on over 9 ac lot along busy corridor in a fast growing area. Includes three pad sites; Sonic, Taco Casa and Twice the Ice. Close to I-820. 88% leased with excellent tenant mix. Actual NOI $461K/yr. $6.5M, 7.10% cap.

2.     Strip Center in Rancho Cordova, CA: 3794 SF attractive strip center in growing Sacramento suburbs. Close to Costco. Tenants include: Subway and Grills & Greens, a highly rated on Yelp Persian/Iranian Restaurant. 100% NNN leased. NOI $105K/yr, $1.69M. 6.25% cap.

3.     Retail Center in Winston Salem, NC: 22,936 SF well maintained retail center in high income neighborhood with AHI of $85K/yr. 100% leased to Dollar General, Wyatt & Dad Shoe Repair, KC Hair Salon, L.U.V. Nails, CrossFit Amplitude and South Fork Electric. NOI $142K/yr. $1.781M. 8% cap.

4.     MOB in Yuba City, CA: 8648 SF Class-A single-tenant medical office building on nearly 1 ac corner lot in a growing City North of Sacramento. Adjacent to Gauche Aquatic Park and close to Sutter North Medical Hospital. 100% NNN leased with 5 yrs left to Sutter North Medical Foundation. NOI $154K/yr. $2.575M. 6% cap.

5.     Retail Center in Henderson, NV: 9557 SF retail center built in 2007 on .70 ac lot in Las Vegas suburbs. Shadow anchored by Albertsons grocery. Across from Dignity Health-St. Rose Dominican Hospital. 77% NNN leased to three tenants. Actual NOI $113K/yr. $1.366M. 8.34% actual cap. Upside potential.

6.     Shopping Center in Cypress, TX: 20,988 SF newly constructed shopping center on 2.52 ac lot anchored by Pet Supermarket in growing and affluent Houston MSA with an AHI of $151K/yr in a 1 mile ring. 93% leased. Actual NOI $674K/yr. $8.762M. 7.70% actual cap. Upside potential when fully occupied.

7.     Family Dollar in Aurora, CO: 8000 SF single-tenant retail building constructed in 2012 on .97 ac lot in a growing upper middle-class area. 100% NNN leased with 5 yrs left. NOI $124K/yr. $1.877M. 6.65% cap.

8.     Apartments in Opa Locka, FL: 64-units apartment complex built in 1969 on 1.52 ac lot in Miami suburbs. Good unit mix: 24 1BR/1BA & 40 2BR/1BA. 95% occupied. NOI $255K/yr. $3.4M. 7.51% cap.

9.     MOB in Riverview, MI: 10,506 SF Class-B multitenant medical office building completed in 2001 on 1.24 ac lot. 100% NNN leased to American Red Cross, Beaumont and Edward Jones. NOI $119K/yr. $1.495M. 8% cap.

10.   Retail Center in Coral Springs, FL: 8000 SF well maintained retail center on .31 ac lot along main retail artery in Fort Lauderdale suburbs. 100% leased. 6.91% cap. NOI N/A.

 

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)

 

09-19: Fresenius Dialysis Center, MOB, Apartments, Retail Centers, Shopping Centers

 

Daily Best 10 Commercial Properties
  1. Retail Center in Palm Springs, FL: 15,050 SF attractive retail center along busy corridor. Close to Palm Beach State College. 92% leased to a diverse mix of local tenants.  Actual NOI $188K/yr. $2.870M. 6.56% actual cap. Upside potential when fully leased.
  2. Mixed-use in Granada Hills, CA: 43,017 SF well kept retail/office building on 1.82 ac corner lot anchored by 99 Cent Only Store. In densely populated (over 540.000 residents in a 5 mile ring) and upper middle-class (AHI $85K/yr) Los Angeles suburbs. Adjacent to Walgreens and Staples. 95% leased to retail and professional tenants. NOI $512K/yr. $10.05M. 5.10% cap.
  3. MOB in Tomball, TX:  16,600 SF Class-A multitenant medical office building constructed in 2009 on 4 ac lot in fast growing (381% pop growth since 2000) and high income (AHI $111K/yr in a 3 mile ring) Houston MSA. Along major corridor and next to Emerus Tomball Medical Center. 85% leased to Tomball Healthcare and Cancer Treatment Center. Actual NOI $838K/yr. $5.9M. 6.50% cap.
  4. Retail Building in Sparks, NV: 4700 SF attractive retail building completed in 2007 on nearly 1 ac lot in a fast growing Reno suburbs. Across from Sparks Crossing with Cost Plus World Market, Ross Dress for Less, Dollar Tree, Bed Bath & Beyond among others. Adjacent to Walmart Supercenter and Kohl’s.  100% NNN leased with good tenant mix including Starbucks Coffee. NOI & price not available.
  5. Apartments in Tyler, TX: 20-units well maintained duplexes on 1.88 ac lot in growing and upper middle class area with an AHI of $85K/yr in a 1 mile radius. Property consist of seven – 2BR/1BA, two  3BR/2BA, six – 2BR/2BA and five – 3BR/1.5BA. 96% occupied. NOI $123K/yr. $1.65M. 7.50% cap.
  6. Retail Center in Atlanta, GA: 8300 SF retail center built in 210 on .69 ac lot. Across from Walmart Supercenter and near I-20. 89% leased to national and credit tenants including BB&T Bank. Actual NOI $88K/yr. $1.105M. 8% actual cap. Upside potential.
  7. Fresenius in Suwanee, GA: 7740 SF dialysis center built in 2006 on .85 ac corner lot in fast growing Atlanta metro. With easy access to I-85. New 10 yrs NNN- corp lease. NOI $143K/yr with 5.14% rent increase in yr 6. $2.214M. 6.50% cap.
  8. MOB in Arlington Heights, IL: 18,154 SF Class-B multitenant medical office building constructed in 1990  on 1.38 acres lot in high income (AHI $105K/yr in 1 mile) area.  100% NNN leased.  NOI $422K/yr. $6.033M. 7% cap.
  9. Apartments in Phoenix, AZ: 30-units well maintained apartment complex constructed in 1980 on .88 ac lot. Close to schools, parks, Christown Spectrum Mall and Abrazo Central Campus Hospital. Recently improvements include: paint, AC units, repairs on rood, flooring in several units, in several units appliances, countertops, cabinets, finishes and paint. 100% occupied. Pro forma NOI $114K/yr. $1.476M. 7.79% cap.
  10. Retail Center in Saint Paul, MN: 8500 SF 8-units attractive retail center on .62 ac lot in a growing middle-class area. Recently new energy saving system installed. 100% leased to long term tenants. NOI $117K/yr. $1.3M. 9% 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.