SVN Live 2 6-2017

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SVN Live Call 2-6-2017

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  • SVN Live 2 6-2017

    1. 1. © 2017 SVN International Corp. WEEKLY PROPERTY BROADCAST FEBRUARY 6, 2017
    2. 2. PRESENTERS Please remember to click the microphone icon white to UNMUTE your line just before your presentation. UNMUTE Upon conclusion, please click the microphone icon red to MUTE your line. MUTE © 2017 SVN International Corp.
    3. 3. www.svn.com PAGE | © 2017 SVN International Corp. WELCOME NEW SVN OFFICES Market Areas San Marcos and Hayes Counties, TX 314 E. Hutchinson San Marcos, TX 78666 512-805-8226 Peggy Jones Managing Director Areas of Practice Sales and Office, Lodging and Hospitality, Multi-Family
    4. 4. www.svn.com PAGE | © 2017 SVN International Corp. WELCOME NEW SVN ADVISORS SVN | Kahn Properties Birmingham, AL Kirk Pownall SVN | AVAT Realty, LLC Huntsville, AL Roya Mosayebi SVN | RealStar Advisors Scottsdale, AZ Allen Sandoval Mike DiGangi SVN | Vanguard Santa Ana, CA Nicole Astorga SVN | Asset Advisory Group San Diego, CA Paulina Rassavong SVN | Denver Commercial Denver, CO Briclyn Chase SVN | Commercial Realty Fort Lauderdale, FL Bronco Vuskovich SVN | Florida Commercial Real Estate Advisors Fort Myers, FL Carlos Acosta SVN | SouthLand Commercial Pensacola, FL Bryan Morelock SVN | Chicago Commercial Chicago, IL Adam Napp SVN | The Urbanek Group Portland, ME Anthony Armstrong Robert Baldacci SVN | Northco Real Estate Services Minneapolis, MN Edward Rupp
    5. 5. www.svn.com PAGE | © 2017 SVN International Corp. WELCOME NEW SVN ADVISORS SVN | Rankin Company, LLC Springfield, MO Derek Williams SVN | Performance Commercial Advisors Elizabeth, NJ Julio Fuentes SVN | Stora Realty New York, NY Chris Magnowski Rudolph Biagi SVN | Commercial Real Estate Advisors Charlotte, NC Emily Reeder Kassandra Brew SVN | Percival Partners Charlotte, NC Moises Castillo SVN | Summit Commercial Real Estate Group, LLC Akron, OH Max Straus SVN | Rock Advisors Inc., Brokerage Burlington, ON Nick Obradovic SVN | Imbrie Realty Portland, OR Zachary Eyster SVN | Imperial Realty Allentown, PA Alexander Wilson Steven A. Wilson SVN | Three Rivers Commercial Advisors Pittsburgh, PA Linda Heininger SVN | BlackStream Greenville, SC Douglas Peterson Zoe Bizinos SVN | Fortune Real Estate El Paso, TX Natalia Ramirez
    6. 6. www.svn.com PAGE | © 2017 SVN International Corp. BOSTON 2017 March 28th-31st Registration now open! SVN|Jumpstart® is designed to provide SVN franchisees and their Advisors with the information they need to utilize the tools, systems, and research available to their advantage. These courses are available both online and in person. Registration information can be found on the SVN Dashboard (my.svn.com) or on SVN.com (svn.com/svn-jumpstart) Space is limited, so REGISTER today! NOTE: Completion of the SVN System for Growth "SVN | Jumpstart® Prerequisite" courses is required. SVN | JUMPSTART®
    7. 7. www.svn.com PAGE | © 2017 SVN International Corp. TAMPA, FL FEBRUARY 8-10, 2017 Register TODAY for the 2017 Annual Conference in Tampa! Registration is available through the weekly SVN Events email, the Conference Registration reminder email and on the Dashboard (my.svn.com). SVN ANNUAL CONFERENCE LEFT TO REGISTER FOR THE CONFERENCE THIS IS THE START OF THE CONFERENCE WEEK JUST A FEW DAYS
    8. 8. www.svn.com PAGE | © 2017 SVN International Corp. ECONOMIC TALKING POINTS Industrial outlook positive in 2017, according to CoStar • CoStar reports that fundamentals in the industrial sector point to a positive 2017 in terms of absorption and rent growth: e- commerce distribution to be a leading • Overall, the trends that propelled industrial in 2016 should continue at even a stronger pace due to faster GDP growth expected in 2017. Further, if infrastructure spending does in fact increase, this could boost markets previously less affected by trade and distribution gains.
    9. 9. www.svn.com PAGE | © 2017 SVN International Corp. ECONOMIC TALKING POINTS • CoStar reports that 2016 will likely be another record year for multifamily investment sales and prices are continuing to grow, but that 2017 is more likely to see moderation in both the price and volume fronts given the high prices achieved thus far. • Further, slowing rent growth and fears of hyper supply in some markets are more real than in prior years and thus investors are expected to take heed. CoStar predicts that multifamily assets will trade less in 2017, and price growth will slow or even moderate slightly.
    10. 10. www.svn.com PAGE | © 2017 SVN International Corp. February 6 – February 10, 2017 EVENTS & WEBINARS 2017 SVN Annual Conference Grand Hyatt Tampa Bay February 8th – 10th
    11. 11. © 2017 SVN International Corp. RECENTLY CLOSED DEALS
    12. 12. Sale Price $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. SVN | Denver Commercial 218 Wilcox Street CASTLE ROCK, CO RETAIL 3,582 SF 286.15 7.2% 1,025,000 KEVIN MATTHEWS kevin.matthews@svn.com 303.974.5893 • Directly across from $60M mixed use development • Sold at $50,000 over list price • Received 4 full price offers within 3 days of going to market • Found out there was a big leakage in the CAM collections-got buyer to accept TROY MEYER troy.meyer@svn.com 303.974.5737
    13. 13. Sale Price $ Size Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. SVN | Asset Advisory Group 7560 North Avenue LEMON GROVE, CA MULTIFAMILY 11 Units 103,636 5% 1,140,000 KRISTA BERGER krista.berger@svn.com 858.243.6570 • Off market deal found from expired CoStar listing • Financing fell through 10 days before close and had to use hard money lender • One of the lowest price per unit properties sold in the past 6 months • Part of a 2 property portfolio BRE #01763777 $/Unit
    14. 14. Sale Price $ Size $/SF $ *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. SVN | David Cook Co, LLC 1046 Texan Trail GRAPEVINE, TX OFFICE 10,200 SF 151.96 1,550,000 DAVID COOK david.cook@svn.com 972.387.5600 • Free standing office • 90 days list to close • Buyer will occupy • Minutes from DFW Airport
    15. 15. Sale Price $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. SVN | Rich Investments 353 S. Palm Canyon Drive PALM SPRINGS, CA RETAIL 5,927 SF 269.95 4.9% 1,600,000 JOHN STILES stilesj@svn.com 760.323.4886 • High exposure location • 71 days list to close • Rent upside • Easy access MARK SPOHN mark.spohn@svn.com 310.933.1399 BRE# 00432221 BRE# 00816328
    16. 16. Sale Price $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. SVN | Commercial Specialists 399 Lenoir Drive WINCHESTER, VA INDUSTRIAL 30,245 SF 59.18 7.75% 1,790,000 JIM GUISEWHITE jim.guisewhite@svn.com 540.325.0573 • Industrial investment property with NASDAQ listed company; 4 years remain on lease with one 5 year option • Very clean warehouse on 3.27 acres with fenced yard • Only two showings through 10 months, no offers • Then received 3 competitive offers in one week • Called for highest and best offer- drove price from three offers of $1,500,000 to a final offer of $1,790,000 KENT MULL kent.mull@svn.com 703.201.5551
    17. 17. Sale Price $ Size $ /Acre $ *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. SVN | Commercial Real Estate Advisors 249 NC 16 DENVER, NC LAND 18.77 Acres 95,844.43 1,799,000 TOM MCMAHON tom.mcmahon@svn.com 704.892.5653 • Limited market with limited appeal to other potential buyers • Only one logical buyer who owns a multi-family property adjacent to this land • Had to convince this buyer to purchase the land
    18. 18. Sale Price $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. SVN | Deegan- Collins Commercial 108 North Front St. & 185 Green St. KINGSTON, NY OFFICE 19,596 SF 94.02 6.98% 1,842,500 JOSEPH DEEGAN joseph.deegan@svn.com 845.339.9100 • 2 separate buildings and tax ID parcels comprised of approx. 7,000 and 12,000 SF buildings; completely leased • In historic uptown Kingston • Anchor tenant (M&T Bank and Predecessors) have been at this location for over 25 years • Approx. 1 acre site with 46 parking spaces • NOI of $137,794 after allowing for $14,509 in vacancy allowance, $14,034 in repairs and maintenance, $8,500 in reserves and $10,000 in management
    19. 19. Sale Price $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. SVN | Northco 500 West Main Street ANOKA, MN RETAIL 34,000 SF 77.94 8.36% 2,650,000 FRANK JERMUSEK frank.jermusek@svn.com 952.820.1615 • 92% occupied retail and office property • 24,000 SF retail strip building • 10,000 SF office building • Seller and buyer represented separately by SVN | Northco Advisors • SVN | Northco will continue to manage and lease the asset CHIRSTOPHER HAAS chaas@svn.com 952.820.1649 CHRIS KUBESH chris.kubesh@svn.com 952.820.1668 JP MALONEY jp.maloney@svn.com 952.820.1633
    20. 20. Sale Price $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. SVN | Commercial Realty 1160 Southwestern Blvd ORCHARD PARK, NY SELF-STORAGE 50,000 SF 82 6% 4,100,000 NICK MALAGISI nick.malagisi@svn.com 716.633.9601 • List to contract in 6 weeks • Three national buyers competing for the asset • Sales price was 98% of the list price • Independent broker co-listed property with Nick and received 50% of the commission
    21. 21. Sale Price $ Size $/SF $ *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. SVN | Chicago Commercial 170 N. Halsted Street CHICAGO, IL REDEVELOPMENT 18,000 SF 277.78 5,000,000 SCOTT MAESEL scott.maesel@svn.com 312.676.1860 • Another SVN|Chicago Commercial Fulton Market sale • Long time property owner • Purchased with adjacent property as part of an assemblage • Developer plans a 14 story office building on the site
    22. 22. © 2017 SVN International Corp. FEATURED INVENTORY
    23. 23. www.svn.com PAGE | © 2017 SVN International Corp. FEATURED INVENTORY $49,875,000 BUY-SIDE COMMISSION $1,210,750 FEATURED INVENTORY FINANCIAL SUMMARY
    24. 24. Price $ Buy Side Fee $ Size $ /Acre $ *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 2.85 Acres 438,596.49 1,250,000 37,500 SVN | Dunn Commercial 2311 Crooked Lane SOUTHLAKE, TX LAND • Located in the city of Southlake, in the heart of the DFW Metroplex • Southlake has one of the highest median household incomes in Texas and the US at $192,950 • 2.85 acres currently zoned residential • Proposed use in commercial, flex, and/or office • Adjacent to 2016 built office-commercial development as well as Caroll ISD Dragon Stadium AFRIM MENA afrim.mena@svn.com 817.640.9964 DAVID DUNN, SIOR, CCIM david.dunn@svn.com 817.640.9964
    25. 25. Price $ Buy Side Fee $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 20,000 SF 63.75 4.7% 1,275,000 38,250 SVN | Landmark 1016 Airpark Drive SUGAR GROVE, IL INDUSTRIAL NEIL JOHNSON neil.johnson@svn.com 630.938.4950 • 20,000 SF flex building • Three existing tenants • 62.5% occupancy • One 7,500 SF vacant unit • 8.4% pro forma cap rate • Shared outdoor dock
    26. 26. Price $ Buy Side Fee $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 28,000 SF 71.43 6.33% 2,000,000 50,000 SVN | Summit Commercial Real Estate Group, LLC 2007 Eastwood Avenue AKRON, OH SELF-STORAGE JERRY FIUME jerry.fiume@svn.com 330.416.0501 • Plus $600,000 for 3.48 acres of excess land that can be developed with more storage units or retail outlot pads • 174 units • Built in 2002 • Excellent condition and well-maintained • Gated facility with onsite security system
    27. 27. Price $ Buy Side Fee $ Size $ /SF $ *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 62,000 SF 40.32 2,500,000 75,000 SVN | Chicago Commercial 29 W 100-700 Butterfield Road WARRENVILLE, IL OFFICE JENNIFER HOPKINS jennifer.hopkins@svn.com 312.676.1865 • 35% occupied • 62,000 SF office complex • 6 leases renewed in January 2017 • Well positioned property on Butterfield Road near downtown Warrenville and I-88 • $400,000 of property renovations completed in Q4 2016 • Strong leasing activity • Located in a major commercial Chicago suburb 30 miles west of the city OLIVIA CZYZYNSKI olivia.czyzynski@svn.com 312.676.1862
    28. 28. Price $ Buy Side Fee $ Size $ /Acre $ *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 33 Acres 96,969 3,200,000 96,000 SVN | Commercial Specialists 1 Grocery Avenue WINCHESTER, VA LAND • Shop ‘n Save, CVS, McDonald’s, bank, fire and rescue at intersection • Just off Senseny Rd. with traffic light intersection • One mile from Winchester Golf Club • Two miles from downtown Winchester Walking Mall • Proffers call for a 55+ community with up to 10 units per acre • Multi-family, town homes, patio homes, and age assisted are all allowed by right JOHN COONTZ john.coontz@svn.com 540.550.0206 KENT MULL kent.mull@svn.com 703.201.5551
    29. 29. Price $ Buy Side Fee $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 7,544 SF 424.18 6.34% 3,200,000 80,000 SVN | Renaissance Commercial 58709 Twentynine Palms Hwy. YUCCA VALLEY, CA RETAIL JON SOROKOWSKI jon.sorokowski@svn.com 951.742.8600 • Shops to Walmart Supercenter and the Home Depot • 100% occupied by National Tenants • New construction • Located in path of growth BRE# 01079670
    30. 30. Price $ Buy Side Fee $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 10,825 SF 300.23 5.4% 3,250,000 81,250 SVN | Rich Investment Real Estate Partners 825-849 North Lake Boulevard PASADENA, CA RETAIL TRAVIS ALBEE travis.albee@svn.com 818.599.6588 • 100% occupied • 6.7% pro forma cap rate • Approximately 10,825 SF of retail space • 29,053 SF lot • Located within two blocks from 210 freeway BRE# 01871289 DAN NEWMAN dan.newman@svn.com 818.876.9619 BRE# 01304677 TILDEN MOSCHETTI tilden.moschetti@svn.com 818.227.8000 BRE# 01933142
    31. 31. Price $ Buy Side Fee $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 17,000 SF 347.06 5.83% 5,900,000 147,500 925 Broadbeck Dr. NEWBURY PARK, CA RETAIL • New building in prime location • Wells Fargo as anchor tenant • Long-term tenant history • High traffic count with excellent frontage • Excellent parking SVN | Rich Investment Real Estate Partners TRAVIS ALBEE travis.albee@svn.com 818.599.6588 BRE# 01871289 JEFF ALBEE jeff.albee@svn.com 818.227.8000 BRE# 00969071 TILDEN MOSCHETTI tilden.moschetti@svn.com 818.227.8000 BRE# 01933142
    32. 32. Price $ Buy Side Fee $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 16,954 SF 265.42 5.9% 4,500,000 135,000 SVN | Chicago Commercial 43 E. Jefferson Ave. NAPERVILLE, IL MIXED USE JOHN GUILL john.guill@svn.com 312.529.5792 • 68.8% occupied • Mix of retail, restaurant and office • Expansion possible • Downtown Naperville (CBD) • Across from parking deck • One of Chicago’s strongest submarkets
    33. 33. Price $ Buy Side Fee $ Size $ /SF $ *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 69,300 SF 82.97 5,750,000 115,000 SVN | Walt Arnold Commercial Brokerage 4580 Paradise Blvd. NW ALBUQUERQUE, NM OTHER PATTI PEIXOTTO patti.peixotto@svn.com 505.503.2638 • Prime NW location • Quick access throughout the city • 335 parking spaces; 4.9/1,000 ratio • 5.5 acres • Fully sprinklered • Ideal call center space HUNTER GREENE hunter.greene@svn.com 505.503.2637 JOEL WHITE, MAI joel.white@svn.com 505.503.2634
    34. 34. Price $ Buy Side Fee $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 49,111 SF 172.06 7% 8,450,000 211,250 SVN | Gold Dust Commercial Associates 1362 N. Hwy 395 GARDENERVILLE, NV RETAIL GREG RUZZINE greg.ruzzine@svn.com 775.450.5779 • Price just reduced • 49,111 SF of gross building area • Actual 2016 NOI of $590,423 • Current occupancy rate of 92.05% • Average household income of $71,164 within 5 mile radius • Average daily traffic count over 21,000 IAN COCHRAN, CCIM icochran@svn.com 775.225.0826
    35. 35. Price $ Buy Side Fee $ Size $ /SF $ Cap *For qualified transactions, 50% of the gross commission to the buy side. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE PROPERTY HIGHLIGHTSPROPERTY DETAILS © 2017 SVN International Corp. 30,528 SF 281.71 8.3% 8,600,000 144,000 SVN | David Cook Co, LLC 5932 Quebec FORT WORTH, TX RETAIL DAVID COOK david.cook@svn.com 972.387.5600 • Multi-tenant NNN Leased Property • 80% strong national tenants • 96.2% leased • Very stable occupancy • Shadow anchored by Best Buy, 24 Hour Fitness & Lowes
    36. 36. www.svn.com PAGE | © 2017 SVN International Corp. THANK YOU FOR JOINING US FOR TODAY’S THANK YOU Please visit www.svn.com for more information on the properties featured on today’s call and to view all of SVN’s active listings.

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