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SVN Live 03.07.22 Weekly Property Broadcast

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SVN Live 03.07.22 Weekly Property Broadcast

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The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.

The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.

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SVN Live 03.07.22 Weekly Property Broadcast

  1. 1. Weekly Property Broadcast March 7, 2022
  2. 2. www.SVN.com Welcome New SVN franchises SVN Franchise Location SVN | Second Story Real Estate Management Managing Director: Tiffanie Robinson Chattanooga, TN SVN | Traditions Managing Directors: Steven Rodgers, CPM, CCIM Travis Taylor, MAI, CCIM New Braunfels, TX
  3. 3. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Brain Chadwick SVN | Second Story Real Estate Management Chattanooga, TN Kelly Fitzgerald SVN | Second Story Real Estate Management Chattanooga, TN Natalie Hostetler SVN | Second Story Real Estate Management Chattanooga, TN Barrett Kibble SVN | Second Story Real Estate Management Chattanooga, TN Hunter Myers SVN | Second Story Real Estate Management Chattanooga, TN Alexis Willis SVN | Second Story Real Estate Management Chattanooga, TN
  4. 4. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Chad Shipley SVN | Desert Commercial Advisors Phoenix, Arizona Drew Zavala SVN | Vanguard Santa Ana, California Tricia McCarroll SVN | Vanguard Santa Ana, California Hanh Chung SVN | Denver Commercial Denver, Colorado Nathan Mosley SVN | Menish Commercial Real Estate Louisville, Kentucky Jim Bolton SVN | The Masiello Group Bedford, New Hampshire
  5. 5. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Brian Fabricatore SVN | Real Estate Associates Durham, California Dane McKinney SVN | Commercial Advisors LLC Salem, Oregon Ernesto Salas SVN | Fortune Real Estate El Paso, Texas Brooke Ford SVN | Trinity Advisors Keller, Texas Eliud Sangabriel SVN | Trinity Advisors Keller, Texas Matt Matthews SVN | Trinity Advisors Keller, Texas Ryo Srour SVN | Motleys Richmond, Virginia
  6. 6. www.SVN.com Economic Updates Provided by
  7. 7. www.SVN.com Economic Updates Provided by ○ According to the Census Bureau, US retail sales totaled $649.8 in January 2022. The total represents a month-over-month increase of 3.8% and a bounce back from December’s 2.5% decline. ○ A big takeaway is from January’s bounce back is that while sales could be reflecting higher inflation, they are also reflective of a resilient consumer. It also sends the signal that consumption was likely more impacted by another COVID-19 wave over December 2021 than previously thought. ○ Gains were driven by non-store retailers, including internet sales and motor vehicle dealers. However, when excluding motor vehicles, retail sales still climbed 3.3% Retail Sales
  8. 8. www.SVN.com Closed Transactions
  9. 9. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF SVN | Chicago Commercial $1,340,000 6,000 SF $223 RETAIL | 1007 E RAND ROAD | ARLINGTON HEIGHTS, IL ○ Recently extended Mattress Firm to full 10 year term ○ Excellent hard corner site with dedicated parking ○ Exposure to over 30,000 VPD ○ Strong demographics of over $95,000 annual household income TIM FRANZ tim.franz@svn.com 312.676.1874
  10. 10. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF SVN | Desert Commercial Advisors $1,450,000 11,247 SF $129 OFFICE | 5828 N 7TH ST | PHOENIX, AZ ○ Owner user transaction ○ Sold to existing tenant ○ SBA financing ○ 100 day transaction due to SBA delays JUSTIN HORWITZ justin.horwitz@svn.com 480.425.5518 RICHARD LEWIS richard.lewis@svn.com 480.425.5536 PAUL BORGESEN paul.borgesen@svn.com 480.425.5516
  11. 11. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap SVN |Commercial Partners $1,460,000 5,170 SF $282 MULTIFAMILY | 521 S FEDERAL HIGHWAY | LAKE WORTH, FL ○ Sale price $1,460,000 ○ 97.3% list to closing price ○ 4.39% cap rate ○ 125 days list to close STEVEN PAULSEN steven.paulsen@svn.com 561.282.9299 JOHN ANDREWS john.andrews@svn.com 561.282.9298 MASON HIGHMAN mason.highman@svn.com 561.282.9297 4.39%
  12. 12. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit SVN | Chicago Commercial $1,498,650 21 units $71,364 MULTIFAMILY | 7109 S CALUMET AVENUE | CHICAGO, IL ○ Multiple offers received ○ Gut rehabbed building ○ Great Grand Crossing submarket JEFFREY BAASCH jeffrey.baasch@svn.com 312.676.1873
  13. 13. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap SVN | Alliance Commercial Real Estate Advisors $2,232,500 39,960 SF $56 RETAIL | 3350 S RIDGEWOOD AVENUE | PORT ORANGE, FL ○ 100% occupied retail plaza ○ Two long term tenants ○ 39,960 SF building ○ 3.61+/- acres JOHN TROST, CCIM john.trost@svn.com 386.301.4581 7.25%
  14. 14. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF SVN | Stone Commercial Real Estate $2,650,000 17,000 SF $156 OFFICE | 446 EAST HIGH STREET | LEXINGTON, KY ○ Property was purchased by a neighboring property owner ○ Relationship with the seller began with a cold call over two years ago ○ The seller is hoping to exchange WADE HAGA wade.haga@svn.com 859.306.0605
  15. 15. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF SVN | Wood Properties $3,000,000 64,559 SF $46 OTHER | 940 BLACKSTOCK AVE | KNOXVILLE, TN ○ Three buildings span 70,000 SF and offer 2 acres of parking ○ Adjacent to downtown Knoxville and the University of Tennessee ○ The buyer (local) intends to develop the 3.5 acre property into a new arts and entertainment district GEORGE BROWN george.brown@svn.com 865.936.9999
  16. 16. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap SVN | Capital West Partners $3,500,000 6,500 SF $538 RETAIL | 1811 WEST SAN CARLOS STREET | SAN JOSE, CA ○ Single-tenant net leased asset ○ O'Reilly Auto Parts with 6 years of remaining lease term ○ Located on a major corridor with strong traffic counts ○ Sold at a record low CAP rate! MIKE PRIOLO mike.priolo@svn.com 408.436.8875 % 4.23%
  17. 17. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF SVN | Capital West Partners $6,525,000 20,000 SF $326 INDUSTRIAL | 1540-1556 OLD BAYSHORE HIGHWAY | SAN JOSE, CA ○ Desirable "Heavy Industrial" zoned property ○ All cash transaction ○ Represented the seller and secured multiple offers ○ Competitive environment resulting in the buyer paying $1 million above the asking price! ROBIN SANTIAGO, CCIM robin.santiago@svn.com 408.601.0049 SEAN DINH sean.dinh@svn.com 408.905.9708
  18. 18. www.SVN.com Featured Inventory
  19. 19. www.SVN.com Featured Inventory Financial summary Featured inventory Buy-side commission $1,288,950+ $59,119,767+
  20. 20. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Size Price/SF OFFICE | 8780 & 8772 VALLEY BOULEVARD | ROSEMEAD, CA Submit All Offers 14,002 SF 30,521 SF ○ 8780 Valley Blvd is a recently renovated, 7,572 sf, 2-story office building featuring LED lighting throughout and a ±3000 sf, basement for storage ○ 8772 Valley Blvd is a 6,250 sf, stand-alone restaurant undergoing 100% renovation via new tenant whose 10 year lease commences May 2022 ○ Combined occupancy rate of both buildings is 93.3% ○ NOI of $207,199+ with growth potential - last rent increase was 3+ years ago STEVE LIN steve.lin@svn.com 949.538.2055 SVN | Vanguard
  21. 21. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap LAND | 34662 DETROIT ROAD | AVON, OH Subject to Offer 3% +/- 30 acres ○ Flexible General Business zoning ○ Located in rapidly growing Avon, OH ○ Situated at I-90 exit ramp with 73,000+ VPD ○ Whisper pricing $200,000 per acre ○ Offers Due: 3/25 at 5:00 PM EST BRAD WEIDMAN brad.weidman@svn.com 330.466.8550 AARON DAVIS aaron.davis@svn.com 330.221.7297 SVN | Summit Commercial Real Estate Advisors $95,779 7.62%
  22. 22. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap PORTFOLIO | SECTION 515 MULTIFAMILY PORTFOLIO | EAST TENNESSEE Subject to Offer 2% 364 units ○ Consists of 9 separate totaling 364 units ○ Properties are located in Sevier, Blount, Union, Grainger, and Scott counties ○ Average occupancy of 90% ○ Management personnel and infrastructure in place that can remain with the property after the sale ○ Tour Dates: 3/24 & 3/25 ○ Offers Due: 3/31 at 5:00 PM EST COHL MORGAN cohl.morgan@svn.com 865.603.9887 KEVIN TIPTON kevin.tipton@svn.com 865.210.0228 SVN | Wood Properties $95,779 7.62%
  23. 23. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre LAND | ROCKY WOODS STREET | TAUNTON, MA Subject to Offer 2.5% 186 acres ○ 15 parcels zoned Rural Residential District (RRD) totaling approximately 186 acres ○ Minutes to Route 44 and its amenities ○ Cluster development possible via special permit ○ Abuts open space and conservation land; Quiet country road yet near all the essential amenities ○ Approximately 20 miles to Providence and 35 miles to Boston JASON BLACKBURN jason.blackburn@svn.com 508.271.9254 MARILYN SANTIAGO marilyn.santiago@svn.com 508.271.9230 ALEX WOOD alex.wood@svn.com 508.271.9251 SVN | Parsons Commercial Group | Boston 3.71% $211,538
  24. 24. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF RETAIL | 1448 W MADISON STREET | CHICAGO, IL $1,590,000 $47,700 5,745 SF ○ Excellent high-traffic West Loop corner location with over 134 feet of frontage along Madison Street and 15 foot ceilings ○ Located within new construction 32-unit high-end residential condo building ○ Surrounded by recently announced high-profile Fulton Market HQs including Google, McDonald’s, WPP, Tik Tok, Ernst & Young, John Deere, Aspen Dental, Kimberly-Clark, Tock and more SCOTT MAESEL scott.maesel@svn.com 312.676.1860 ADAM THOMAS adam.thomas@svn.com 847.219.6383 LOGAN PARSONS logan.parsons@svn.com 312.756.8446 SVN | Chicago Commercial $277
  25. 25. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap RETAIL | 398 NE 6TH AVE | DELRAY BEACH, FL $2,500,000 $50,000 4,750 SF ○ Under market rents provides investor near term upside ○ Irreplaceable location in Path of Progress in Downtown Delray Beach ○ CBD zoning, fantastic development site ELON GERBERG elon.gerberg@svn.com 561.485.1129 ADAM KLEIN adam.klein@svn.com 561.282.9296 SVN | Commercial Partners $526 4.11%
  26. 26. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap SFR PORTFOLIO | 2916 INDEPENDENCE DR | MESQUITE, TX $2,750,000 $68,750 13 units ○ Well located residential portfolio in the Dallas/Fort Worth metro area ○ Short-term leases allowing flexibility of increasing rents to market ○ “Portfolio” price less than sales comps for individual sales ○ Multiple exit strategies; hold for cash flow or flip for capital gain STEVE FITHIAN, CCIM, CPM, CPA, SEC steve.fithian@svn.com 817.288.5524 TRINITY (TRENT) HERRERA trinity.herrera@svn.com 682.704.8789 SVN | Trinity Advisors 3.71% $211,538
  27. 27. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap OFFICE | 20624 ABBEY WOODS COURT | FRANKFORT, IL $4,500,000 $67,500 30,521 SF ○ +/- 30,521 SF Class A office building on +/- 2.13 AC ○ Long term tenant on 1st & 3rd Floor ○ Value-add to lease 2nd floor raw space ○ Interior garage plus surface parking ○ Along retail corridor | close to interstate JAMES MEAD, CCIM james.mead@svn.com 312.676.1871 KAREN KULCZYCKI kkulczycki@svn.com 312.602.5346 SVN | Chicago Commercial 6.96% $147
  28. 28. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Lease Rate Lease Terms Tenant Rep Fee Size RESTAURANT | WINDHAM CENTER PLACE | WINDHAM, NH $1,779,767 10 years 3% (years 1-5) ○ 10 year base with 2x5 option ○ Prominent corner with up to 4,500sf BTS or pad on new shopping center location ○ Signalized intersection on busy Route 111 (27,000 VPD) ○ Outdoor dining area ○ Higher income demographics ○ Approved pick-up window ○ Minutes from Massachusetts border ○ Perfect for restaurant, bank, medical, or retail uses JESSE HEPLER jesse.hepler@svn.com 603.785.2246 BRIAN DANO brian.dano@svn.com 603.377.0309 CASSANDRA FARLEY cassandra.farley@svn.com 603.703.5617 SVN | The Masiello Group 4,500 SF
  29. 29. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre LAND | O THAMES ROAD | HOOKSETT, NH $6,000,000 $180,000 219 acres ○ Develop anywhere from 225 to 600 units ○ Water, sewer and natural gas available ○ Boundary survey, grading plan, wetland delineation and topo completed ○ With excellent access to the major highway artery of I-93 MATTHEW BACON matt.bacon@svn.com 603.200.4023 CASSANDRA FARLEY cassandra.farley@svn.com 603.703.5617 SVN | Masiello Commercial $27,397
  30. 30. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre GOLF & RESORTS | 10236 393RD ST | NEBO, IL Negotiable 3% 1,386.15 acres ○ 10% cap rate ○ World renowned, year-round resort on 1,386 acres of land in Illinois in the Mississippi River Valley with significant development potential ○ There are 32 keys that are spread out amongst a variety of unique cabins and lodges ○ One of the top-rated whitetail deer hunting lodges and outfitters in the country ○ The property is well-known for some of the best ATV and OHV trails in the United States FRANK JERMUSEK frank.jermusek@svn.com 952.820.1615 EDWARD RUPP edward.rupp@svn.com 952.820.1634 EMILIA MOLLE emilia.molle@svn.com 952.820.1618 BROOKE BLESER brooke.bleser@svn.com 952.820.1619 SVN | Northco 4,500 SF DEENA ZIMMERMAN dzimmerman@svn.com 312.756.7336 SVN | Chicago Commercial
  31. 31. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap MULTIFAMILY | 12648 23RD STREET NW | WATFORD CITY, ND $7,500,000 $225,000 164 units ○ Fully furnished units with full kitchens, laundry, storage and many other amenities ○ Many long-lasting corporate tenants, currently run more like an extended-stay hotel ○ Current management company would stay in place with solid long-term employees ○ Prime location close to major roads and crossroads throughout the oil patch 10% $45,732 FRANK JERMUSEK frank.jermusek@svn.com 952.820.1615 EMILIA MOLLE emilia.molle@svn.com 952.820.1618 SVN | Northco REID BENNETT reid.bennett@svn.com 312.960.6762 CODY DORAN cody.doran@svn.com 312.960.6766 SVN | Chicago Commercial
  32. 32. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap SFR PORTFOLIO | 15 HOME SFR INVESTMENT PORTFOLIO | DETROIT, MI $3,000,000 $60,000 15 units ○ Visit www.SFRhub.com and search for portfolio 100978 ○ All homes are single-family detached and licensed as rental properties with applicable municipalities ○ Mix of two, three, four, and five-bedroom homes ○ Average asking price of $200,000 is below Southfield median home price of $217,453 ○ 100% leased to fully vetted tenants TOM JOHNSTON tom.johnston@svn.com 602.825.1780 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | SFRhub Advisors 6.02% $200,000 DAN STEWART, CCIM dan.stewart@svn.com 734.662.5097 SVN | Stewart Commercial Group, LLC
  33. 33. 50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE *For qualified transactions, 50% of the gross commission to the buy side. All SVN® offices are independently owned and operated. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap MULTIFAMILY | 308 UNIT MULTIFAMILY PORTFOLIO | LOUISVILLE, KY $29,500,000 $590,000 308 units ○ Visit www.SFRhub.com and search for portfolio 100907 for more information ○ Little to no deferred maintenance with many interior & exterior upgrades throughout ○ The average unit is 951 square feet ○ The Portfolio is 100% leased to fully vetted tenants ○ Projected value add NOI with rent increases is $2,256,133 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | SFRhub Advisors 7.65% $95,779 BILL MENISH bill.menish@svn.com 502.849.6849 SVN | Menish Commercial Real Estate
  34. 34. THANK YOU for joining us!
  35. 35. THANK YOU for joining us!
  36. 36. 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. DISCLAIMER This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. All SVN® offices are independently owned and operated.

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