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SVN Live 04.04.22 Weekly Property Broadcast

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SVN Live 04.04.22 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 04.04.22 Weekly Property Broadcast

  1. 1. Weekly Property Broadcast April 4, 2022
  2. 2. www.SVN.com Welcome New SVN franchises SVN Franchise Location SVN | Kingside Realty Managing Director: Zachary Sunderland Weslaco, TX SVN | Accel Commercial Managing Directors: Jana Truman Brentwood, TN SVN | Urban Properties Managing Directors: Michael Bucher Tyler Robinson Eugene Schmitt Timothy Thompson New Orleans, LA
  3. 3. www.SVN.com Welcome New SVN Advisors SVN Franchise Location John Birk SVN | AVAT Realty, LLC Huntsville, AL Michael Mottahedan SVN | Rich Investment Real Estate Partners Los Angeles, CA Hampton Peace V SVN | Denver Commercial Denver, CO William Bill Henry SVN | Denver Commercial Denver, CO Alex Lanham SVN | Menish Commercial Real Estate Louisville, CO Joseph Elaty SVN | Commercial Advisory Group Tampa, FL
  4. 4. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Lauri Albion SVN | Commercial Partners Fort Meyers, FL Jerrod Parker SVN | Saunders Ralston Dantzler Lakeland, FL Joseph Connelly Jr SVN | Chicago Commercial Chicago, IL Holly Edmond SVN | The Martin Group Evansville, IN Mark Hejna SVN | Infinity Commercial Group Chesterfield, MO Daniel Huang SVN | The Equity Group Las Vegas, NV
  5. 5. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Christina Smith SVN | Wilson Commercial Group, LLC Columbus, OH Craig Mills SVN | Wilson Commercial Group, LLC Columbus, OH Bjorn Beer SVN | Imbrie Realty Portland, OR Chisa Brookes SVN | Southern Commercial Real Estate, LLC Rock Hill, SC J Matthew McGauley SVN | Second Story Real Estate Management Chattanooga, TN Jon Roosen SVN | Wood Properties Knoxville, TN Morgan Hamilton SVN | Trinity Advisors Fort Worth, TX
  6. 6. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Mark Guerra SVN | Alta Commercial Salt Lake City, UT Talon Hawkes SVN | Alta Commercial Salt Lake City, UT Lisa Carter SVN | Accel Commercial Brentwood, TN Carly Radzimanowski SVN | Accel Commercial Brentwood, TN Trey Fuller SSVN | Accel Commercial Brentwood, TN Lindsey Crawford SVN | Accel Commercial Brentwood, TN Melanie Yates SVN | Accel Commercial Brentwood, TN
  7. 7. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Kunal Patel SVN | Accel Commercial Brentwood, TN Antonio Tomlin SVN | Accel Commercial Brentwood, TN Brian Truman SVN | Accel Commercial Brentwood, TN Kate Whalen SVN | Urban Properties New Orleans, LA Henry Shortness SVN | Urban Properties New Orleans, LA Sam Hurley SVN | Urban Properties New Orleans, LA Carly Ibach SVN | Urban Properties New Orleans, LA
  8. 8. www.SVN.com Economic Updates Provided by
  9. 9. www.SVN.com Economic Updates Provided by ○ Returns from the office-focused REIT Boston Properties may offer a glimpse of rebounding fortunes for the office sector. ○ According to the report, subleasing activity has had a large impact on the ability to lease new space in the last several quarters. As several office tenants looked to sublease their spaces due to a decrease in their own demand, lots of available space came to market. This made it harder for office landlords to lease already-open space as more furnished alternatives were available. ○ However, as much of this space becomes absorbed, sublet availability has started to subside, opening the door for new leasing activity. OFFICE LEASING CONDITIONS
  10. 10. www.SVN.com Closed Transactions
  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/Acre $1,240,596 11.82 acres $104,957 LAND | 595 CENTER STREET | SEVILLE, OH ○ Future Sheetz gas station and travel station ○ 11.82 acre site located at Interstate 76 exchange in Seville, Ohio ○ Negotiated a cross excavation easement in order for the entire corner to be balanced ○ 19 months from when purchase agreement signed until closing JERRY FIUME, SIOR, CCIM jerry.fiume@svn.com 330.416.0501 AARON DAVIS aaron.davis@svn.com 330.388.6682 SVN | Summit Commercial Real Estate Advisors
  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 Cap $2,900,000 13 units $223,077 SFR PORTFOLIO | 13 HOME SFR INVESTMENT PORTFOLIO | OKLAHOMA CITY, OK ○ All homes fully remodeled and in practically brand-new condition ○ 100% occupied with fully vetted tenants ○ 85% of tenants have signed new leases ○ SVN SFRhub’s 2nd transaction with seller ○ 5.64% cap rate 5.64% MICHAEL FINCH michael.finch@svn.com 480.797.9825 JEFF CLINE jeffrey.cline@svn.com 602.441.5354 SVN | SFRhub Advisors BENJAMIN DAVIS benjamin.davis@svn.com 918.201.2005 SVN | Oak Realty Advisors
  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 RETAIL | THE MALL AT FISHERVILLE | CONCORD, NH $3,100,000 25,665 SF $121 8.75% SVN | The Masiello Group JESSE HEPLER jesse.hepler@svn.com 603.785.2246 ○ Long term stable cash flow with $271,132 NOI ○ Daily needs center on North Concord's primary retail corridor ○ Fully leased ○ Exceptional visibility, parking, and access
  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/Acre $9,500,000 54,000 SF $176 INDUSTRIAL | 1741 NW 33 STREET | POMPANO BEACH, FL ○ Refrigerated food processing facility on 4.76 acres of land ○ Concrete “Twin-T” construction with heavy 480 power, fire sprinklers and backup generator ○ Additional land for future expansion or outside storage SVN | Commercial Realty 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. 15. www.SVN.com Featured Inventory
  16. 16. www.SVN.com Featured Inventory Financial summary Featured inventory Buy-side commission $875,050+ $44,005,000+
  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 Property Highlights Price Buy Side Fee Size Price/SF RETAIL | 800 W WASHINGTON BLVD | CHICAGO, IL Call for Pricing 1.5% 15,828 SF ○ Fully stabilized mixed-use investment with 3.4-yr WALT remaining ○ $625,000 in-place NOI ○ Fulton Market/West Loop corner near term ability to increase the property’s NOI due to top floor lease going to market 8/31/23 ○ Potential development upside due to DX-5 “By-Right” zoning designation (50,295 build SF) and potential for increased density due to recently achieved projects property (8.1-11.5 FAR) SVN | Chicago Commercial SCOTT MAESEL scott.maesel@svn.com 312.676.1860 DREW DILLON drew.dillon@svn.com 734.223.2315 ADAM THOMAS adam.thomas@svn.com 847.219.6383 CHAD SCHROEDL chad.schroedl@svn.com 312.756.7329 LOGAN PARSONS logan.parsons@svn.com 312.756.8446
  18. 18. 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 OTHER | ROUTE 59 AND FRASER | PLAINFIELD, IL $3,750,000 $93,750 15 acres ○ -±15 acres for development ○ Lighted intersection along Route 59 (29,000 VPD) ○ Multiple uses ○ Village of Plainfield is welcoming development ○ Zoned - B-3, Highway Business District SVN | Chicago Commercial DANIEL VANCHIERI daniel.vanchieri@svn.com 312.756.7337 $250,000
  19. 19. 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 MULTIFAMILY | 8855 MAYA LANE | ST LOUIS, MO Starting Bid: $1,000,000 76,000 SF 76,800 SF ○ Value add with huge upside ○ Auction begins April 11 ○ Great opportunity in North County Saint Louis ○ 25% vacancy ○ 8 buildings, 128 units ○ 64 one bedrooms (550 sqft) 64 two bedrooms (650 sqft) SVN | Infinity Commercial Group ALEX ZVIBLEMAN alex.zvibleman@svn.com 314.878.0303 MARK ZVIBLEMAN mark.zvibleman@svn.com 314.878.0303 SVN | Vanguard TONY YOUSIF tony.yousif@svn.com 858.810.3623 MICHAEL WATSON michael.watson@svn.com 858.324.1575
  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 Buy Side Fee Size Price/SF Cap RETAIL | 8321 MILL STREET | VANDERBILT, MI $1,220,000 $18,300 8,320 SF ○ Built to suit for Family Dollar in 2017 ○ Fortune 500 investment grade tenant ○ 7+ years left on original lease ○ Six 5 year auto renewal options ○ Family Dollar is an "Essential" retailer ○ Corporate guarantee ○ Only $ store within several miles $147 SVN | Investment Property Advisors DAVID DE MAAGD, CPA, MBA david.demaagd@svn.com 616.399.3955 6%
  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 RETAIL | 6704 S M-221 | BRIMLEY, MI $1,233,000 $18,495 8,320 SF ○ Built to suit for Family Dollar in 2017 ○ Fortune 500 investment grade tenant ○ 7+ years left on original lease ○ Six 5 year auto renewal options ○ Family Dollar is an "Essential" retailer ○ Corporate guarantee ○ Only $ store within several miles $148 SVN | Investment Property Advisors DAVID DE MAAGD, CPA, MBA david.demaagd@svn.com 616.399.3955 6%
  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 Size Price/SF Cap RETAIL | 1717 ASHMUN | SAULT STE MARIE, MI $1,717,000 $25,755 8,320 SF ○ Built to suit for Family Dollar in 2016 ○ Fortune 500 investment grade tenant ○ 5+ years left on original lease ○ Six 5 year auto renewal options ○ Family Dollar is an "Essential" retailer ○ Corporate guarantee ○ Only $ store within several miles $204 SVN | Investment Property Advisors DAVID DE MAAGD, CPA, MBA david.demaagd@svn.com 616.399.3955 6%
  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/SF Cap MULTIFAMILY | 2915 BROADWAY | WEST PALM BEACH, FL $1,250,000 $34,375 4,800 SF ○ Value add | continuing renovation | Rent Raise Program ○ Borders Old Northwood Historic District neighborhood ○ Multiple beach access points | 3 miles to Municipal Palm Beach ○ Zoning code | BMUD-I, Broadway mixed-use district building type I ○ Lot size total 6,250 SF | bldg size total 4,800 SF ○ Unit mix | (2) studio | (6) 1 bed 1 bath $260 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 6.5%
  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 Cap HOSPITALITY | 5607 ESTERO BOULEVARD | FORT MYERS BEACH, FL $5,800,000 $87,000 9,500 SF ○ 3 buildings | 23 rooms with onsite manager ○ Newly renovated pool, kitchen, bathroom, and newly painted ○ High demand tourist area ○ Easy beach access $611 9.02% SVN | Commercial Partners LAURI ALBION lauri.albion@svn.com 239.851.5492
  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 INDUSTRIAL | 26868 ADAMS AVE | MURRIETA, CA $1,395,000 $34,875 ±6,446 SF ○ Turnkey investment with long standing tenant ○ Renovated with new roof (1 yr old, 10yr warranty), freshly painted, landscaping, air conditioner, electric roll-up doors, toilets ○ Immediate proximity to the 15 Freeway (Cherry St Exit) & close proximity to Hwy 79 (Winchester Rd) ○ Surrounded by various commercial developments including industrial, restaurants, and retail establishments 4.56% ± $216 SVN | Vanguard DREW ZAVALA drew.zavala@svn.com 949.354.6435 JUVE PINEDO juve@svn.com 714.348.6099
  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 Size Price/Acre LAND | GRANITE MEADOW- HWY 101 AT EXIT 4 | RAYMOND, NH $1,950,000 $58,500 4 acres ○ Casual dining restaurant pad ○ Two QSR with drive thru pads ○ Part of 35 AC multi-use development to Include restaurants, hotel, medical, and truck stop ○ Across from proposed 550,000 sf distribution center ○ Largest truck stop in New Hampshire under construction ○ Just off of Hwy 101 Exit 4 $487,500 SVN | The Masiello Group JESSE HEPLER jesse.hepler@svn.com 603.785.2246 BRIAN DANO brian.dano@svn.com 603.377.0309
  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 SINGLE TENANT INVESTMENT | 2847 BOULDERCREST ROAD | ELLENWOOD, GA $2,040,000 $51,000 9,100 SF ○ Absolute NNN ​Lease with Dollar General Corporation Corporate Guaranty ○ Corner location .5 miles south of I-285 interchange ○ Upgraded brick exterior 3 sides ○ 2021 5 mile population: 161,000 - 2010 10 Mile Population: 792,934 ○ 2010 10 mile households: 304,529 ​- Perfect 1031 exchange property $224 SVN | Efird Commercial Real Estate FRANK EFIRD frank.efird@svn.com 910.200.0037 5.4% SVN | Toomey Property Advisors JUSTIN TOOMEY justin.toomey@svn.com 251.680.3663
  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 Price Buy Side Fee No. of Rooms Price/Room Cap HOSPITALITY | 211 SOUTH LAKEVIEW DRIVE | SHEPHERDSVILLE, KY $8,400,000 $168,000 84 rooms ○ This 2 story Best Western was built in 1974 and has been under renovation from 2018-present ○ 1 acre semi truck parking lot adjoining the property ○ 18 minutes (15.9 mi) to Muhammad Ali International Airport ○ Nearby businesses include: UPS hub, Ford Plant, Amazon Warehouse, UofL hospital, Jim Beam Distillery and much more 8.4% SVN | Menish Commercial JONATHAN LAISE jonathan.laise@svn.com 502.475.9635 KIMBERLY DATTILO kimberly.dattilo@svn.com 502.939.0106 $100,000 SVN | Florida Commercial Real Estate Advisors NAVTAR NANA nanan@svn.com 407.876.5553
  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 Cap INDUSTRIAL | 1701-1731 NW 33 STREET | POMPANO BEACH, FL $14,250,000 $285,000 4.75 acres ○ 3 building multi tenant industrial complex ○ 72,449 SF – 4.76 Acres – 100% occupied ○ 5 tenants (2 are national) ○ Family built; first time offered for sale 3.59% $3,000,000 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. 30. THANK YOU for joining us!
  31. 31. 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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