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SVN Live 05.03.21 Weekly Property Broadcast

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

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SVN Live 05.03.21 Weekly Property Broadcast

  1. 1. WEEKLY PROPERTY BROADCAST May 3, 2021
  2. 2. ECONOMIC UPDATES
  3. 3. www.svn.com PAGE | REIT PROPOSED RULE CHANGES: RETAIL REVITALIZATION ACT ● A recently introduced bipartisan bill aims to bring relief to Commercial Real Estate’s Retail sector through a change in the tax code that governs how real estate investment trusts (REITs) may invest their capital. ● The plan dubbed the “Retail Revitalization Act” would increase the equity ceiling that a REIT may own of its tenant from 10% to 50%. ● The proposal would also umbrella REIT ownership attribution rules under the Internal Revenue Code’s general rules while eliminating “double downward” attribution of related party rents. Additionally, the act would make similar changes to the limitation on space that REITs may lease to their taxable subsidiaries. ECONOMIC UPDATES PROVIDED BY
  4. 4. CLOSED DEALS
  5. 5. Sale Price $ Size Price /SF $ Transaction Highlights Property Details 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. © 2020 SVN International Corp. INDUSTRIAL | 751 ENTERPRISE DR | LEXINGTON, KY SVN | Stone Commercial Real Estate JOHN BUNCH john.bunch@svn.com 859.433.8911 1,400,000 • Listing was taken over after sitting on the market for 6 months with another firm • Listing proposal and marketing plan presented to the owner with appropriate timelines to be expected • Four offers received within first week of placing on the open market (3 sale/1 lease) • Contract to close in 60 days 17,800 SF 79
  6. 6. Sale Price $ Size Price /SF $ Transaction Highlights Property Details 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. © 2020 SVN International Corp. OFFICE | 6503 DEER POINTE DR | SALISBURY, MD SVN | Miller Commercial Real Estate JOHN MCCLELLAN, CCIM, SIOR john.mcclellan@svn.com 410.543.2428 1,412,500 • Class A medical/professional building • Existing surgery center and separate medical office suite • Regional site just off Rt 50 and Rt 13 interchange • Fire sprinklers for added flexibility and insurance savings 10,000 SF 141
  7. 7. Sale Price $ Size Price /SF $ Transaction Highlights Property Details 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. © 2020 SVN International Corp. INDUSTRIAL | 5445 COLORADO BLVD | DACONO, CO SVN | Denver Commercial JEFF HEINE jeff.heine@svn.com 303.937.4492 2,300,000 • 10,685 sf warehouse on 10 acres • Partial seller leaseback over 2 years while the buyer-user grows into the space 10,685 SF 215
  8. 8. Sale Price $ Size Price /SF $ Cap Transaction Highlights Property Details 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. © 2020 SVN International Corp. SINGLE TENANT INVESTMENT | 702 NORTH PEBBLE BEACH BLVD | SUN CITY, FL SVN | Lotus J. CHRIS MALKIN chris.malkin@svn.com 941.350.0235 2,584,000 • Chase Bank absolute NNN ground lease • Investment grade credit tenant (S&P: A+) • 12,6 years remain on 20 year lease • Low ground rent rate of $3.58/SF • Large building size 3,879 SF 3,879 SF 666 4%
  9. 9. Lease Value $ Lease Terms Size Transaction Highlights Property Details 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. © 2020 SVN International Corp. RETAIL| 875 MANHATTAN BLVD | HARVEY, LA SVN | Toomey Property Advisors JUSTIN TOOMEY justin.toomey@svn.com 251.680.3663 3,525,958 • 29th location • Former HHGregg • Looking for more opportunities to grow in the Southeast 10 years 30,188 SF
  10. 10. Lease Value $ Lease Terms Size Transaction Highlights Property Details 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. © 2020 SVN International Corp. RETAIL| 4801 LINE AVE | SHREVEPORT, LA SVN | Toomey Property Advisors JUSTIN TOOMEY justin.toomey@svn.com 251.680.3663 3,941,805 • Former Stein Mart • 30th location 10 years 32,178 SF
  11. 11. Sale Price $ Size Price /Acre $ Transaction Highlights Property Details 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. © 2020 SVN International Corp. LAND | 2453 HEYBOURNE ROAD | MINDEN, NV SVN | Gold Dust Commercial Associates JACK BROWER, CCIM NV #B/S.0041614.LLC browerj@svn.com 775.721.7023 4,500,000 • Fully entitled industrial site for 508,000 SF • Rough county grading permit approval • Shell delivery 2nd quarter 2022 • ±50,000-262,000 SF available for lease 31 Acres 145,161
  12. 12. Sale Price $ Size Price /Acre $ Transaction Highlights Property Details 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. © 2020 SVN International Corp. LAND | CAPITAL STREET | JUPITER, FL SVN | Commercial Partners ROBERT HAMMAN robert.hamman@svn.com 561.346.2310 4,600,000 • Last parcel for sale in Jupiter Commerce Park • Highest priced PSF paid for land in the area • Repeat customer...we sold him a 17K SF building for his car and racing collection which he outgrew • Plans to construct a 44,000 SF museum for all his cars and toys 2.94 Acres 1,564,626
  13. 13. Sale Price $ Size Price /SF $ Transaction Highlights Property Details 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. © 2020 SVN International Corp. OTHER | CROWN SPORTS CENTER | FRUITLAND, MD SVN | Miller Commercial Real Estate HENRY HANNA, CCIM, SIOR henry.hanna@svn.com 410.543.2420 WESLEY COX, CCIM wesley.cox@svn.com 410.251.6408 FLO BROTZMAN flo.brotzman@svn.com 410.726.0966 5,500,000 • Originally sold this property to the seller in 2005 • Decommissioned Crown Cork & Seal Canning Facility • Owner turned into one of the largest indoor sports facilities in this region 161,500 SF 34
  14. 14. FEATURED INVENTORY
  15. 15. www.svn.com PAGE | FEATURED INVENTORY: $17,170,000 BUY-SIDE COMMISSION: $420,225 FEATURED INVENTORY FINANCIAL SUMMARY
  16. 16. Price Buy Side Fee Size Property Highlights Property Details 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. © 2020 SVN International Corp. OFFICE | 1033 WEST VAN BUREN | CHICAGO, IL SVN | Chicago Commercial CHAD SCHROEDL chad.schroedl@svn.com 619.818.3480 DREW DILLON drew.dillon@svn.com 734.223.2315 SCOTT MAESEL scott.maesel@svn.com 312.676.1860 Negotiable • Incredible West Loop/Fulton Market location with area tenants including Google, McDonald's, Mondelez, WPP, Dyson and Aspen Dental • Rarely available +82,000 SF West Loop/Fulton Market brick and timber loft office building • 55% (45,088 RSF) currently occupied • Up to 58,149 RSF can be made available to accommodate new user(s) or tenants 1.5% 82,712 SF
  17. 17. Price $ Buy Side Fee $ Size Price /SF $ Property Highlights Property Details 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. © 2020 SVN International Corp. OFFICE | 31516 WINTERPLACE PKWY | SALISBURY, MD SVN | Miller Commercial Real Estate JOHN MCCLELLAN, CCIM, SIOR john.mcclellan@svn.com 410.543.2428 1,595,000 • Clean modern office/warehouse • No city taxes • Convenient location in East Salisbury with highway access • Great owner/user or investment opportunity • Partially leased 47,850 17,287 SF 92
  18. 18. Price $ Buy Side Fee $ No. of Units Price /Unit $ Cap Property Highlights Property Details 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. © 2020 SVN International Corp. SFR PORTFOLIO | 10 HOME SFR INVESTMENT PORTFOLIO | CHARLOTTE, NC SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | BlackStream MARK MCCLANAHAN mark.mcclanahan@svn.com 704.264.7892 • For more information, please visit www.SFRhub.com and search for portfolio 100757 • Mooresville rents are up 8% year over year • Current portfolio rents are 8% below projected market rents • Year 1 stabilized yield of 10.23% • Home values in Charlotte are up 14.8% YOY and are projected to grow 13.5% in the next year 1,100,000 33,000 10 110,000 6.85%
  19. 19. Price $ Buy Side Fee $ No. of Units Price /Unit $ Cap Property Highlights Property Details 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. © 2020 SVN International Corp. SFR PORTFOLIO | 16 HOME SFR INVESTMENT PORTFOLIO | RICHMOND, VA SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | Cornerstone Commercial KEVIN W. GRAY k.gray@svn.com 804.248.7080 • For more information, please visit www.SFRhub.com and search for portfolio 100722 • Current rents are 18% below projected market rents • Henrico home values are up 5.37% YOY and are projected to grow 7.86% in the next year • Richmond Market area rents are currently up 6.8% YOY and expected to grow another 5.2% this year • Newer homes with an average vintage of 2006 3,800,000 95,000 16 237,500 5.54%
  20. 20. Price $ Buy Side Fee $ Size Price/Acre $ Property Highlights Property Details 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. © 2020 SVN International Corp. OTHER | 6625 DEAN MEMORIAL PKWY | HUDSON, OH SVN | Summit Commercial Real Estate Group, LLC BRAD WEIDMAN brad.weidman@svn.com 330.466.8550 JERRY FIUME, SIOR, CCIM jerry.fiume@svn.com 330.416.0501 4,500,000 • 141,200 SF on 8.24 acres • I-80 & State Route 8 • High traffic counts with great visibility • Growing affluent community • Zoned retail business with mixed use general sub district 90,000 8.24 Acres 546,117
  21. 21. Price $ Buy Side Fee $ Size Price/Acre $ Property Highlights Property Details 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. © 2020 SVN International Corp. LAND| FOOTHILL BLVD & INDUSTRIAL DR | ROCK SPRINGS, WY SVN | Alta Commercial RYAN EDWARDS ryan.edwards@svn.com 801.658.4482 HAYDEN HOUSTON hayden.houston@svn.com 801.508.2881 SVN | Denver Commercial STEVE KAWULOK steve.kawulok@svn.com 970.691.1220 6,175,000 • 22 lots of SFR already constructed on adjacent 11.2 acres (Phase 1) • 3rd largest city in Wyoming • Proximity to restaurants, golf course, and shopping • Site already zoned for residential use • Phases 2-9 all available. Phases 3-9 consist of 143 single family lots on 31.13 acres. Phase 2 is a multifamily site where ~120+ MF units are estimated to be constructed. 154,375 42.18 Acres 146,396
  22. 22. www.svn.com PAGE | May 3rd-9th, 2021 EVENTS & WEBINARS TUESDAY MAY 4 SVN Community Connect 10:00am PT | 1:00pm ET THURSDAY MAY 6 Land Council Meeting 11:00am PT | 2:00pm ET
  23. 23. www.svn.com PAGE | 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. Thank You For Joining Us!

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