SVN Live 03.21.22 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.
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SVN Live 03.21.22 Weekly Property Broadcast
- 3. www.SVN.com Economic Updates Provided by ○ The US economy has experienced a robust recovery from the initial shock of COVID-19. A pandemic-driven shift in consumption away from services and into goods, boosted by a sweeping stimulus effort, reconditioned our economy well before an off-ramp from the public health crisis was in sight. ○ By Q3 2020, inflation-adjusted GDP shrugged off its worst quarterly performance on record to record its best, a 33.4% annualized growth rate. ○ In 2021, the total nominal value of all consumption and production reached $23.0 trillion, a 9.1% increase above 2020’s total. After adjusting for inflation, the US economy is 3.2% larger than its pre-pandemic peak. MACROECONOMY
- 5. 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 | Commercial Advisors $1,530,000 14,148 SF $108 INDUSTRIAL | 246 SHIPPING ST NE | SALEM, OR ○ Multiple offers received ○ Tenant was the buyer ○ 89 days list to close ○ Repeat client NICK WILLIAMS nick.williams@svn.com 503.400.7851 CURT ARTHUR, SIOR curt.arthur@svn.com 503.588.0400
- 6. 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 | Cascades $1,865,000 12,000 SF $155 INDUSTRIAL | 2500 BUSINESS LANE | YAKIMA, WA ○ 12,000 SF ○ Concrete tilt up ○ 1.39 acre ○ 20' clear height ○ Minutes from Interstate 82 KEN DAVIS ken.davis@svn.com 509.949.0860
- 7. 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 | Denver Commercial $1,925,000 8,200 SF $235 OFFICE | 2948 GINNALA DRIVE | LOVELAND, CO ○ Price per square foot is based on core and shell ○ New construction office building ○ Sold to single owner/user - engineering firm ○ Seller to finish TI for another $700k COBEY WESS cobey.wess@svn.com 970.488.3162
- 8. 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 $2,250,000 32,000 SF $70 LAND | 3012-3030 W LAWRENCE AVENUE | CHICAGO, IL ○ Seller had actively been trying to sell for 4 years prior to SVN ○ SVN secured the buyer in 2.5 months ○ Outside co-op broker procured the buyer ○ Multiple offers with bidding war ○ Sold at 95% of asking price ADAM NAPP, CCIM adam.napp@svn.com 312.789.4864 TIM RASMUSSEN, CCIM trasmussen@svn.com 312.676.1875
- 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 Cap SVN | Silveri Company $2,324,681 12,340 SF $188 SINGLE TENANT INVESTMENT | 2657 THOMAS ST | COTTONDALE, FL ○ Buyer paid cash ○ Closed immediately after completion ○ The SVN | Colvin team specializes in Dollar Generals PETER COLVIN peter.colvin@svn.com 616.893.1398 CHRIS COLVIN chris.colvin@svn.com 616.808.7047 CODY COLVIN cody.colvin@svn.com 616.893.1398 4.7%
- 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 Cap SVN | Stone Commercial Real Estate $2,800,000 16,486 SF $170 OFFICE | 103, 105 WINDSOR PATH | GEORGETOWN, KY ○ SVN maximized value by bringing the asset to full occupancy ○ SVN helped facilitate shared parking and maintenance agreements being overhauled and improved ○ Medical office investment purchased by a surgeon WADE HAGA wade.haga@svn.com 859.306.0605 MATT STONE, CCIM, SIOR, MBA matt.stone@svn.com 859.306.0593 7.88%
- 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 | Imbrie Realty $3,734,220 31,190 SF $120 RETAIL | 110-1122 N EVEREST RD | NEWBERG, OR ○ One Everest Center and adjacent pad ○ $3,423,000 in cash for the center ○ $311,200 for the pad on a sellers carry ○ 42 days contract too close ALEX CORDIER alex.cordier@svn.com 503.915.6019 RYAN IMBRIE ryan.imbrie@svn.com 503.208.9403 6.97%
- 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 Size Price/SF Cap SVN | JJ Mottram $4,300,000 3,600 SF $1,194 RETAIL | 621 N EASTERN BLVD | MONTGOMERY, AL ○ First contract fell through ○ Back up contract within 2 days ○ Closed 60 days - took this long due to difficulty caused by supply chain issues (signage) JOHN MOTTRAM john.mottram@svn.com 334.201.5002 5.5%
- 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 | Desert Commercial Advisors $5,200,000 11,312 SF $460 RETAIL | 6638 E SUPERSTITION SPRINGS BLVD | MESA, AZ ○ The Shops At Superstition Springs ○ Stable NNN Investment ○ Freeway visibility and excellent access off Power Road and US 60 ○ Over 57,000 CPD on Power and Superstition Springs Blvd and an additional 148,000 on US 60 & Power Road ○ Multi-tenant property with long term leases in place to long standing tenants ○ Surrounded by national tenants ○ Well maintained property with no deferred maintenance ROMMIE MOJAHED roomie.mojahed@svn.com 480.425.5534 BEAU FLAHART beau.flahart@svn.com 480.425.5527 LINDSEY DULLE lindsey.dulle@svn.com 480.425.5535 6%
- 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 | Commercial Realty $5,750,000 34,937 SF $165 INDUSTRIAL | 700 NW 57TH PLACE | FORT LAUDERDALE, FL ○ Multi-Tenant value add investment ○ Existing tenants are short term & under market ○ 1.56 acres STEVE DAVIS steve@svncr.com 954.650.7824 KEITH KIDWELL, CCIM, SIOR keith@svncr.com 954.234.8777 LES BYRON, CCIM, SIOR les@svncr.com 954.401.4713
- 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 | Denver Commercial $6,125,000 14,199 SF $431 RETAIL | 7636 DUBLIN BLVD | COLORADO SPRINGS, CO ○ Newly developed class A neighborhood Center ○ Property closed with seller guarantee for remaining vacancies ○ Premier Banning Lewis Ranch in Colorado Springs location ○ Occupancy at 73% KEVIN MATTHEWS kevin.matthews@svn.com 303.974.5893 TROY MEYER troy.meyers@svn.com 303.974.5737
- 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 No. of Units Price/Unit Cap SVN | Desert Commercial Advisors $6,240,000 39 units 160,000 MULTIFAMILY | 201 E TOWNLEY AVE | PHOENIX, AZ ○ Syndicator investment property ○ 18 years of continuous ownership ○ No unit renovations, true Value Add ○ Mix of 1 & 2 bedroom units, 66% 2 bedroom DANNY LEE danny.lee@svn.com 480.425.5522 2.96%
- 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 $8,000,000 16,592 SF $482 OFFICE | 981 RIDDER PARK DRIVE | SAN JOSE, CA ○ Well located steel-frame office building ○ Sold to an owner-user buyer in an all cash transaction ○ Represented the Seller in the transaction ○ Competed against three other national firms on the listing assignment and won ROBIN SANTIAGO, CCIM robin.santiago@svn.com 408.601.0049
- 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 Buy Side Fee No. of Units MULTIFAMILY | 3637 ALMAZAN DRIVE | DALLAS, TX Unpriced 2% 48 units ○ Extensive amount of CapEx completed eliminating the "heavy lifting", while still delivering meaningful upside for new ownership ○ The sellers renovated seven units resulting in significant rent increases allowing for the buyer to capture remaining upside with proven increases ○ Rapidly gentrifying area with tremendous rent growth (30%+ on some units as they roll) GABRIEL SILVERSTEIN gabriel.silverstein@svn.com 512.953.3320 ALEX PROVOST alex.provost@svn.com 707.508.6031 GIL NUSS gil.nuss@svn.com 832.454.6494 SVN | Angelic
- 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/Acre MULTIFAMILY | 1400 BLK DAVIS ROAD | SALEM, OR Call for Offers $30,000 10.37 acres ○ Rare 10+ acre land inside the City limits ○ Zoned RM2 ○ Marketing phase 1 through May 15, 2022 ○ Call for offers on/before May 31, 2022. ○ Minimum price $1,000,000.00 $96,432 CURT ARTHUR, SIOR curt.arthur@svn.com 503.588.0400 NICK WILLIAMS nick.williams@svn.com 503.588.0400 SVN | Commercial Advisors LLC
- 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 Size Price/SF LAND | 3405 RIDGELAND AVENUE | BERWYN, IL $1,245,000 $24,900 25,388 SF ○ Plans included ○ Lengthy approval process completed ○ 3 buildings | 36 units total | 36 parking stalls ○ Generous floor plans with upgraded features ○ Elevator buildings $49 SVN | Chicago Commercial PAUL CAWTHON paul.cawthon@svn.com 312.676.1878 ANGELO LABRIOLA angelo.labriola@svn.com 312.676.1870
- 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/SF RETAIL | 825 N COLLEGE AVENUE | FORT COLLINS, CO $1,425,000 $42,750 4,582 SF ○ Existing rent roll in place with a great long term land play ○ Retail oil change, residential and small business zoning and current uses ○ Great north Fort Collins location with development within blocks from downtown ○ College (Hwy 287) exposure with lighted intersection for left in and right out access SVN | Denver Commercial BILL REILLY bill.reilly@svn.com 970.488.3193 $311
- 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 Cap SINGLE TENANT INVESTMENT | 1007 E RAND RD | ARLINGTON HEIGHTS, IL $1,816,000 $36,320 6,000 SF ○ Brand new early Mattress Firm extension | Full 10 year term ○ Existing mattress store since 1999 ○ Hard corner with over 30,000 vehicles per day ○ Abundance of dedicated parking ○ Strong demographics with HHI over $95,000 annually ○ Eight minutes from new NFL Chicago Bears proposed stadium / Entertainment District $303 TIM FRANZ tim.franz@svn.com 312.676.1874 SVN | Chicago Commercial 6.3%
- 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/Acre LAND | 3201 US HWY 29 | BELTON, SC $2,000,000 $80,000 98.5 acres ○ Public water and electric available ○ 25 minutes to downtown Greenville, SC ○ Path of Progress residential development ○ High visibility (9,800 VPD) SVN | Blackstream ROGER CLINKSCALES roger.clinkscales@svn.com 864.360.0960 $20,305
- 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 Size Price/SF RETAIL | 1152-70 CAMP STREET | NEW ORLEANS, LA $2,200,000 $132,000 15,000 SF ○ Historic tax credit information available by request, including an approved Part 1 ○ Zoned HU-MU (Historic Urban Neighborhood Mixed Use) ○ Permitted uses include, but are not limited to, restaurant, health club, short term rental, social club, and retail goods establishment ○ Not located in an HDLC district $147 SVN | Urban Properties CARLY IBACH carly.ibach@svn.com 904.910.2248 TIM THOMPSON tim.thompson@urbanproperties.com 504.913.0462
- 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 MULTIFAMILY | 1701/1715 LINCOLN STREET | HOLLYWOOD, FL $2,700,000 $67,500 6,939 SF ○ Value add through repositioning, development or short term/Airbnb ○ Current rents below market | unit mix (13) studio, (5) 1 bed 1 bath ○ Covered land play as multifamily ○ Development potential 3.0 floor area ratio | up to 14 stories | 140 feet ○ No units per acre limitation | FAR only ○ Lot 20,068 SF| bldg size 6,939 SF $389 SVN |Commercial Partners 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
- 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 Price Buy Side Fee Size Price/Acre LAND | 2814 E HINTZ ROAD | WHEELING, IL $2,750,000 $82,500 5.05 acres ○ Multi-family development opportunity ○ Potential of assembling up to 12 acres ○ R-1 Zoning ○ 2 miles from Village Town Center ○ 3.8 miles from Randhurst Village $544,554 SVN | Chicago Commercial NATHALIE FISHER nfisher@svn.com 312.414.0602 AL LINDEMAN lindemana@svn.com 312.756.7352
- 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/SF INDUSTRIAL | 3081 WEST MCNAB ROAD | POMPANO BEACH, FL $5,500,000 $137,500 20,663 SF ○ Former Service America building ○ 100% A/C ; concrete twin tee construction ○ 2 acre lot ; 100 parking spaces ○ 5,000 SF 2-story office ; 15,000 SF warehouse ○ Four (4) grade level OH doors ○ We sold the 25,000 SF building behind it for $2.3M in 2019 $266 SVN | Commercial Realty LES BYRON, CCIM, SIOR les@svncr.com 954.401.4713 KEITH KIDWELL, CCIM, SIOR keith@svncr.com 954.234.8777 STEVE DAVIS steve@svncr.com 954.650.7824
- 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 INDUSTRIAL | 5426 GRANT LINE ROAD | NEW ALBANY, IN $5,518,500 $165,555 84 acres ○ Industrial zoned, heavy manufacturing ○ Borders at capacity, Grant Line Industrial Park with Toyota, FireKing, Hitachi Wire North America ○ Excellent investment hold land or develop industrial ○ Less than 12 minutes to Downtown central business District of Louisville, Kentucky $65,696 SVN | Menish Commercial Real Estate TOMMY CLARK tommy.clark@svn.com 502.641.3199
- 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 SFR PORTFOLIO | 32 HOME BFR INVESTMENT PORTFOLIO | CLEVELAND, OH $13,516,000 $135,160 32 units ○ Visit www.SFRhub.com and search for portfolio 100942 for more information ○ Townhome floor plans optimized for market demographics ○ Combined package of two to-be-built communities in market provide investor scale ○ 96.4% of real estate in the neighborhood is rental, providing high demand for additional rental units ○ Homes eligible for Cleveland’s 15-Year Tax Abatement, reducing property taxes considerably 5.73% $422,375 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | SFRhub Advisors VICTOR S. VOINOVICH voinovichv@svn.com 888.236.1435 SVN | First Place Commercial Realty, LLC
- 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 | 30 HOME BFR INVESTMENT PORTFOLIO | CLEVELAND, OH $13,937,830 $139,378 30 units ○ Visit www.SFRhub.com and search for portfolio 100943 for more information ○ Combined package of two to-be-built communities in market provide investor scale ○ Homes eligible for Cleveland’s 15 Year Tax Abatement, reducing taxes considerably ○ Attached 2-car garages offer superior rental products compared to the perceived market competition ○ 4.53% job growth in last 1 year in neighborhood 5.4% $464,594 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | SFRhub Advisors VICTOR S. VOINOVICH voinovichv@svn.com 216.235.2588 SVN | First Place Commercial Realty, LLC
- 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 Size Price/SF Cap INDUSTRIAL | NORTHWEST HOUSTON INDUSTRIAL PORTFOLIO | HOUSTON, TX $49,500,000 $680,625 459,812 SF ○ Diversified portfolio with 6 properties and 101 tenants ○ Strong cash flow with 99.54% occupancy ○ Upside by increasing rents to market ○ Quality local management available ○ Ownership has significantly improved the property $108 5.63% 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
- 34. www.SVN.com Events & Webinars TUESDAY MARCH 22 SVN PLAY (with Andrew Kaiser) 10:00 PT | 1:00 ET WEDNESDAY MARCH 23 Best Practices Webinar 8:30 PT | 11:30 ET Date: March 21-26, 2022
- 35. THANK YOU for joining us!
- 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.