8.13 Archives | Sands Investment Group

Sands Investment Group is Pleased to Present For Sale the Brooktree Medical Office Building Located in Wexford, Pennsylvania. This Deal Includes a 97.35% Occupied Office Building That is Full of Recession and Internet Proof Tenants, Assuring the Landlord Consistent Revenue For Years to Come and Providing For an Excellent Investment.

This 97.35% Occupied Office Building is Full of Recession and Internet Proof Tenants – Assuring the Landlord Consistent Revenue For Years to Come
University of Pittsburgh Medical Center is the Largest Tenant, Occupying Over 37% of the Building and Has a Total Operating Revenue of $24 Billion
UPMC Has a Credit Rating of A+ and is the #1 Ranked Hospital in Pennsylvania
The Majority of Tenants Have a 1 Year Automatic Renewal
This Deal Also Includes 8 Mailbox Tenants That Accumulate $12K of Revenue Annually
Strategically Placed in a Dense Medical Corridor Located Just Off Perry Highway Which Sees Over 26,000 VPD
Located Just Off Perry Highway Which Sees Over 26,000 VPD

In Cooperation With Sands Investment Group Philadelphia, LLC – Lic. #RB069072 BoR: Tom Gorman – Lic. PA #RM424383

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Sands Investment Group is Pleased to Present For Sale the 12,900 SF Modern City Shops NNN Mixed Use Strip Center Located on the City’s Primary East-West Freeway With Upside Potential Located in a Densely Populated Area of McAllen, Texas.

57% of Gross Leasable Area Are NNN Leases; Upside By Enforcing NNN Language Per the Leases
Pro Forma CAP Rate (Yr.1) is 8.66%
Regional and Franchisee Tenancy With the Tenant Base Type Being 77% Medical and 23% Fast Casual Dining; Internet-Resistant Tenancy With Strong Co-Tenancy
Base Rents Are Below Market Due to the Significant Improvements the Tenants Put Into the Interior of Their Spaces and Equipment
The Shopping Center is Situated Parallel to Hwy 83 Giving Tenants More Visibility to Drive By Traffic; Coupled With Consumers Exiting Walmart Supercenter Going West on the Highway Must Drive By Modern Shops Before Accessing the West Highway On-Ramp
Highway 83 (Interstate 2) Sees Traffic Counts Exceeding 129,281 Vehicles Per Day
Highway 83 Also Runs West Into Harlingen and North Along the Texas Border Into Laredo
Excellent Demographics With a Population of 90,349 Residents Making an Average Household Income of $61,134 Within a 3-Mile Radius; Population Jumps to Over 189,380 Within a 5-Mile Radius
Minutes From the Coca-Cola SW Beverage Distribution Warehouse, the McAllen Convention Center, Sharyland HS and Stadium, and the Cimarron Country Club and Golf Course
McAllen is Located at the Southern Tip of Texas in the Rio Grande Valley and is Just 8-Miles From the Mexico Border; It is Part of the Binational Reynosa-McAllen Metropolitan Area That Has a Population of Nearly 1.52 Million People
Nearby Tenants Include: Walmart Supercenter, Kohl’s, Target, HEB Plus!, Petco, Home Depot, IHOP, Advance Auto Parts, Chick-fil-A, Starbucks, Best Buy, Buffalo Wild Wings, Chipotle, Hobby Lobby and Much More