SVN Live 06.13.22 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 06.13.22 Weekly Property Broadcast
- 2. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Nicholas Yarborough SVN | Rich Investment Real Estate Partners Los Angeles, CA Dante Charleston SVN | Vanguard San Diego, CA Nadeem Haddad SVN | Vanguard San Diego, CA Donna Patino SVN | Vanguard Santa Ana, CA William Nichols SVN | Denver Commercial Denver, CO David Vasquez SVN | Commercial Partners Boca Raton, FL
- 3. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Charles Anthony SVN | First Coast Commercial Real Estate Specialists Jacksonville, FL Shea R Booster SVN | Saunders Ralston Dantzler Lakeland, FL Scott Zepp SVN | SouthLand Commercial Pensacola, FL Andrew Robertson SVN | Miller Commercial Real Estate Salisbury, MD Christopher Messick SVN | Miller Commercial Real Estate Salisbury, MD Lauren Horstmann SVN | Northco Minneapolis, MN
- 4. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Tom Grogan SVN | Ascension Commercial Realty Toledo, OH Kal Kassel SVN | Peace & Company Pawleys Island, SC Jacob Garff SVN | Alta Commercial Salt Lake City, UT Kyle Alldredge SVN | Alta Commercial Salt Lake City, UT Matthew Garff SVN | Alta Commercial Salt Lake City, UT Ashley Moala SVN | Retter & Company Kennewick, WA
- 6. www.SVN.com Economic Updates Provided by ○ CMBS delinquencies fell 37 bps to 3.14% in May from the month before, according to Trepp. It was the biggest one-month decline since January. The delinquency rate has now fallen in 22 of the last 23 months. ○ The CMBS delinquency rate climbed as high as 10.32% during the thick of pandemic-related headwinds in June 2020. This was only 2 bps short of the all-time high rate of 10.34% reached in July 2012. ○ By sector, Retail delinquencies fell the most from last month, dropping 79 bps to 6.57% in May. Lodging dropped by 51 bps to 5.83% during the month. Multifamily delinquencies fell by 18 bps to 1.01%. ○ The Industrial delinquency rate declined 13 bps to 0.38%, while Office fell just 8 bps to a rate of 1.83%. CMBS Delinquencies
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit Cap JOSH TAYLOR josh.taylor@svn.com 252.670.9590 FRANK EFIRD JR. frank.efird@svn.com 910.200.0037 SVN | Efird Commercial Real Estate $1,085,000 12 units $90,417 SFR PORTFOLIO | 10 PILLORY CIRCLE | NEW BERN, NC ○ Multiple offers ○ Advised seller to remove from market in Dec 2021, increase rents, generate strong proforma, and sold at 99% previous asking price ○ Successfully extended closing to provide sufficient time for 1031 replacement 5.5%
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF NICK WILLIAMS nick.williams@svn.com 503.588.0400 CURT ARTHUR, SIOR curt.arthur@svn.com 503.588.0400 SVN | Commercial Advisors LLC $1,150,000 5,207 SF $221 HOSPITALITY | 670 S PACIFIC HWY W | RICKREALL, OR ○ Purchased by owner of neighboring property ○ Tenant (restaurant) secured prior to closing ○ Overcame appraisal challenges ○ Existing motel to be rehabbed into offices for lease
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit Cap COHL MORGAN cohl.morgan@svn.com 865.603.9887 KEVIN TIPTON kevin.tipton@svn.com 865.210.0228 SVN | Wood Properties $1,350,000 20 units $67,500 MULTIFAMILY | 915 MORELAND DRIVE | KINGSPORT, TN ○ Rents $150 per unit below market ○ Located near major manufacturing employer 6%
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF JAMES BLAKE, CCIM james.blake@svn.com 817.288.5508 CARL BROWN, CCIM, RPA carl.brown@svn.com 817.915.7742 ANDREW SMALL andrew.small@svn.com 281.725.3332 SVN | Trinity Advisors $1,500,000 18,000 SF $83 INDUSTRIAL | 2424 BLUE SMOKE CT SOUTH | FORT WORTH, TX ○ Add value play ○ Second property sold to investor in past year ○ Great central location
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre GARY RALSTON, CCIM, SIOR, SRS, CPM, CRE, CLS, CDP, CRX, FRICS, CRRP gary.ralston@svn.com 863.3877.2828 TODD DANTZLER, CCIM todd.dantzler@svn.com 863.877.2846 DAVID HUNGERFORD, CCIM, MBA david.hungerford@svn.com 863.272.7156 SVN | Saunders Ralston Dantzler $1,550,000 9.5 acres $163,158 LAND | 410 LIONEL WAY | DAVENPORT, FL ○ 9.5 acres of 100% usable commercial land ○ Adjacent to the AdventHealth Heart of Florida Hospital in Davenport ○ Located in high traffic, growing area in Central Florida
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap ROYDEN HUDNALL royden.hudnall@svn.com 480.425.5532 CARRICK SEARS, MBA, CCIM carrick.sears@svn.com 480.425.5529 SVN | Desert Commercial Advisors $1,600,000 8,000 SF $200 MULTIFAMILY | 1457 E FILMORE STREET | PHOENIX, AZ ○ Sold with an affordable housing contract in place ○ Client is aiming to retire ○ Buyer’s first multifamily purchase 5.5%
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap AARON DAVIS aaron.davis@svn.com 330.221.7297 NICHOLE BOOKER, PHD nichole.booker@svn.com 330.475.5500 SVN | Summit Commercial Real Estate Advisors $1,675,000 27,000 SF $62 OFFICE | 4472-4508 DARROW ROAD | STOW, OH ○ Multiple offers ○ Achieved seller's target price ○ Achieved buyer's objective with upside + value-add ○ SVN Summit handled seller's leasing ○ SVN Summit will continue to handle leasing for buyer 8%
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF SEAN DINH sean.dinh@svn.com 510.846.4649 SVN | Capital West Partners $1,700,000 3,075 SF $553 RETAIL | 37477 FREMONT BOULEVARD | FREMONT, CA ○ Sold to an owner-user buyer ○ Located near Downtown Fremont ○ Excellent street visibility ○ All cash transaction
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre ROBERT HAMMAN robert.hamman@svn.com 561.346.2310 SVN | Florida Commercial Real Estate Advisors $2,750,000 7.38 acres $372.629 LAND | LAKE WORTH ROAD | PALM SPRINGS, FL ○ Multiple multifamily buyers tried buying, wanting time for approvals of 9-12 months ○ Retail flooring company purchased the site, contract to close in 13 days ○ No approvals
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit Cap COHL MORGAN cohl.morgan@svn.com 865.603.9887 KEVIN TIPTON kevin.tipton@svn.com 865.210.0228 SVN | Wood Properties $3,300,000 49 units $67,347 MULTIFAMILY | 734 ORDNANCE DRIVE | CHURCH HILL, TN ○ Rents $150 below market ○ Located in Tri-Cities , TN ○ Only broker involved in transaction 6%
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit Cap SEAN THOMAS sean.thomas@svn.com 602.675.1408 MICHAEL FINCH michael.finch@svn.com 602.441.5354 SVN | SFRHub Advisors $3,965,000 12 units $330,417 SFR PORTFOLIO | 12 HOME SFR | DALLAS, TX ○ Recently renovated properties ○ Mix of 3/4 bedroom homes ○ Closed in less than 30 days ○ Sold at a 5% cap 5% STEVE FITHIAN steve.fithian@svn.com 817.2888.5524 SVN | Trinity Advisors
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre CLAY TAYLOR, ALC clay.taylor@svn.com 863.224.0835 DAVID HITCHCOCK, ALC, CCIM david.hitchcock@svn.com 863.557.0082 SVN | Saunders Ralston Dantzler $12,500,000 1,298 acres $9,630 LAND | 13300 LAKE HATCHINEHA | HAINES CITY, FL ○ Magnificent trophy property with lakefront shorelines on both Lake Hatchineha and Deer Lake ○ The ranch offers the rare experience of Old Florida ranchland in a working cattle ranch and horse farm ○ The outstanding feature of this trophy ranch is the stunning 11,000 SF, 7 bedrooms, 8.5 bath main lodge
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap NOLAN JULSETH-WHITE, CCIM nolan.jwhite@svn.com 702.527.7562 SVN | The Equity Group $24,400,000 48,492 SF $503 RETAIL | 1110-1190 E SILVERADO RANCH BOULEVARD | LAS VEGAS, NV ○ Shopping center was developed in 2018/2019 ○ Anchored by Sprouts Farmers Market ○ SVN | The Equity Group handled all the preleasing and management to stabilization prior to sale ○ All cash deal, 30 day escrow ○ Call advisor for more details 5%
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF OFFICE | 720 WESTERN BLVD | TARBORO, NC Unpriced 2% 106,693 SF ○ Over 500 cubicles plug-in ready ○ Backup generator onsite ○ Onsite fitness center & showers ○ Large conference rooms & 3 training classrooms ○ Board room & executive suites ○ Approx 400 parking spaces with ample room for expansion ○ Dedicated server & network rooms ○ Truck height loading door 10.36% JOSH TAYLOR josh.taylor@svn.com 252.670.9590 FRANK EFIRD JR. frank.efird@svn.com 910.200.0037 SVN | Efird Commercial Real Estate
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap RETAIL | 219-221 W STATE STREET | GENEVA, IL $1,000,000 $30,000 3,960 SF ○ Fully leased circa 1925 retail building ○ Central downtown location ○ Brick facade & large display windows ○ Prominent Rt. 38 exposure ○ Hardwood floors & 12 ft-high tin ceilings ○ Full basements SVN | Landmark NEIL JOHNSON neil.johnson@svn.com 6309384950 $253 8.34%
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre Cap RESORT & GOLF | PENINSULA ZACPETEN IXLU FLORES PETEN | GUATEMALA $2,295,000 $68,850 31.38 acres ○ Lakefront, jungle resort located on 31 acres including 6 deluxe, full-service bungalows ○ Situated on Lake Salpetén, adjacent to Lake Petén Itzá, where Francis Ford Coppola's resort is located ○ Only 7 of the 31 acres have been developed, potential for 100 additional bungalows ○ On-site restaurant with spacious outdoor seating area ○ Guests come from a broad range of destinations ○ Great online reputation on a variety of review sites 10.36% $73,136 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 SVN | Northco
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF RETAIL | 260 S TEXAS BLVD | WESLACO, TX $3,000,000 $90,000 36,670 SF ○ Hard corner of signaled intersection in the center of town ○ 7 street level retail suites including restaurant and bar/grill ○ 13 office suites and a community conference room ○ Owner operated event venue business in the basement and on the 2nd floor ○ Repurpose B & 2nd Floor or continue running venue business, buyer's choice SVN | Kingside Realty ZACH SUNDERLAND zach.sunderland@svn.com 956.307.4724 $82
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $3,300,000 $66,000 6 units ○ Visit www.SFRhub.com and search for portfolio 101045 for more information ○ All homes are single-family detached ○ Asset mix consists of one 2 bedroom, three 3 bedroom and two 4-bedroom homes ○ 6 homes scattered in Peoria, Glendale & Sun City ○ Portfolio is self-managed ○ Average home size of 1,658 square feet and an average vintage of 1994 SVN | SFRHub Advisors TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 $550,000 3.23%
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap SFR PORTFOLIO | 15 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $8,500,000 $170,000 15 units ○ Visit www.SFRhub.com and search for portfolio 101080 for more information ○ All homes are single-family detached ○ Asset mix consists of seven 3 bedroom and eight 4 bedroom ○ 11 homes scattered in Peoria, 2 in Phoenix, 2 in Sun City ○ Portfolio is self-managed ○ Average home size of 1,857 square feet and an average vintage of 2002 ○ All homes were remodeled between 2011- 2022 SVN | SFRHub Advisors TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 $566,667 3.20%
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF RESTAURANT | 277 SHERIDAN ROAD | KENOSHA, WI $3,500,000 $105,000 10,092 SF ○ Full-service old-style classic supper club founded in 1937 ○ Lake frontage with outdoor seating and gorgeous views ○ Existing structure may support addition of 2-3 levels ○ Lot next door included in purchase price ○ Turn-key operation with stable and growing revenue ○ Seating for up to 400 patrons in 6 beautifully decorated dining rooms ○ Finished lower level for special events SVN | Hintze Commercial Real Estate NICOLE ALLARD nicole.allard@svn.com 414.416.2803 JAY HINTZE jay.hintze@svn.com 414.550.0644 $347
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre LAND | 110 DARBY | CALHOUN, GA $4,000,000 $200,000 160 acres ○ Farm ○ Cattle pens ○ Barns ○ Hay ○ Sewer on property ○ Motor cross track SVN | Creviston Realty JEFF HAMMOND jhammond@svn.com 210.889.6819 $25,000
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap LAND (MULTIFAMILY) | 2900 REYNOLDS PARK RD | WINSTON-SALEM, NC $4,365,000 $109,125 291 units ○ 12 acres ○ Growing metro located b/t Charlotte & Raleigh ○ Opportunity to convert to market rate units ○ Adjacent land opportunity ○ Fully entitled SVN | Real Estate Associates JOHNNY WEHMANN johnny.wehmann@svn.com 919.259.3618 $15,000
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF GOLF & RESORTS | 441 NEWBURGH RD | HERMON, ME $5,000,000 $90,000 67.5 acres ○ Space to expand business in the winter and summer months ○ All inventory is included ○ Private second floor with potential apartment in main lodge ○ Strong income property SVN | The Masiello Group JESSICA WILTBANK jessica.wiltbank@svn.com 207.229.9489 $74,074
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre LAND | 6450 SEA FOREST DRIVE | NEW PORT RICHEY, FL $5,800,000 $174,000 12.42 acres ○ Will be delivered fully entitled for 61 townhomes ○ Waterfront, lush, old Florida setting ○ 1 mile to beach ○ Easy commute to downtown Tampa & St Petersburg $466,989 GAIL BOWDEN gail.bowden@svn.com 941.223.1525 MARK BOWER mark.bower@svn.com 941.544.0054 SVN | Commercial Advisory Group
- 34. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre OTHER | CONFIDENTIAL $11,000,000 $330,000 5.33 acres ○ This pillar of the community has been in operation for over 25 years ○ Open year-round seven days a week, this family entertainment center offers fun for all ages ○ No deferred maintenance ○ Sale includes building, land, good will, pad site development opportunity, FF&E, and training ○ The property has an additional pad ready for up to 17,000 SF buildings $2,063,790 CHRIS PASCUCCI chris.pascucci@svn.com 603.494.8960 BRIAN DANO brian.dano@svn.com 603.377.0309 DAVE TANGUAY dave.tanguay@svn.com 603.674.1617 JENN MORIN jenn.morin@svn.com 207.949.4688 SVN | The Masiello Group
- 35. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF RETAIL | 980 N LA CIENEGA BLVD| WEST HOLLYWOOD, CA $20,000,000 $400,000 18,807 SF ○ Strategically located just south of Santa Monica & La Cienega ○ 100 feet frontage ○ A prime candidate for a development ○ Corner double lot ○ Excellent building and sign visibility $1,063 SVN | Rich Investment Real Estate Partners ALLEN AFSHAR CalDRE #00797725 allen.afshar@svn.com 310.383.1527
- 36. www.SVN.com Events & Webinars TUESDAY JUNE 14 SVN Play 11:00 AM PT | 2:00 PM ET Date: June 13-18, 2022
- 37. THANK YOU for joining us!
- 38. 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.