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SVN Live 06.14.21 Weekly Property Broadcast

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SVN Live 06.14.21 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 http://www.svn.com/national-sales-call 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 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 06.14.21 Weekly Property Broadcast

  1. 1. WEEKLY PROPERTY BROADCAST June 14, 2021
  2. 2. ECONOMIC UPDATES
  3. 3. www.svn.com PAGE | RESTAURANT BOOKINGS ● Reservations have consistently risen after a Winter slump where bookings again fell as low as 85% below pre-COVID benchmarks in late-December 2020. On average, bookings have moved 1.8% closer back to pre-pandemic conditions on a weekly basis since the beginning of the year. ● Several US markets have seen a surge in restaurant bookings and are currently trending well above 2019 levels. In some metros, this can be explained by reservation requirements for sit-down table-service, though most of these restrictions have, in recent months, relaxed. Domestic tourism hotspots are performing exceptionally well, seeing a step up as US tourists have had fewer foreign destinations with open borders to choose from. ● Miami Beach (+72.4%), Miami (+56.4%), Las Vegas (+53.8%), Naples (+49.1%), Fort Lauderdale (+22.4%), Scottsdale (+17.6%) and Austin (+2.3%) comprise the list of markets performing above 2019 benchmarks. ECONOMIC UPDATES PROVIDED BY
  4. 4. CLOSED DEALS
  5. 5. 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. RETAIL | 621 N EASTERN BLVD | MONTGOMERY, AL SVN | JJ Mottram JOHN MOTTRAM john.mottram@svn.com 334.356.1771 1,015,000 • Assembled property for developer client • Property to be developed for a Circle K • SVN QBd City approvals, platting • Picked up an assignment for a 1031 exchange for one of the sellers - to close this week 1.5 acres 676,666
  6. 6. Sale Price $ No. of Units Price /Unit $ 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. MULTIFAMILY | 735 W 2ND STREET | SAN PEDRO, CA SVN | Rich Investment Real Estate Partners DEVON KENNEDY d.kennedy@svn.com 310.984.1050 MICHAEL CHANG michael.chang@svn.com 626.688.8864 1,450,000 • All-cash transaction • Property delivered with architectural plans for ADU conversion, but no permits • Traded at a below-market cap rate • Seller's downleg in a 1031 exchange 6 241,666 4.13%
  7. 7. 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. RETAIL | 11002 YALE AVENUE | AURORA, CO SVN | Denver Commercial RYAN BENGFORD ryan.bengford@svn.com 720.773.8712 1,895,000 • Single-tenant retail dispensary • Tenant’s number one location • First dispensary in state of Colorado to get approved for delivery • Record-breaking pricing • Cash buyer, 60-day close • Long term NNN lease 7,893 SF 240 9%
  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. RETAIL | 5410 POWERS CENTER POINT | COLORADO SPRINGS, CO SVN | Denver Commercial TROY MEYER troy.meyer@svn.com 303.974.5737 KEVIN MATTHEWS kevin.matthews@svn.com 303.974.5893 3,300,000 • Class A medical office building • Excellent location in North Colorado Springs near the intersection of Powers Blvd & Research Pkwy • Growing area with excellent demographics across from Wolf Ranch Master Planned Community and near 2 major hospitals • Buyer has a chiropractic business in an adjacent retail center, which Troy & Kevin sold in 2020 • Contract to close in 67 days 14,000 SF 236 7%
  9. 9. 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. OFFICE | 1271, 1277, 1295 KELLY JOHNSON BLVD | COLORADO SPRINGS, CO SVN | Denver Commercial TROY MEYER troy.meyer@svn.com 303.974.5737 KEVIN MATTHEWS kevin.matthews@svn.com 303.974.5893 8,125,000 • Sold property for the original developer to the current seller in 2008 • Received multiple offers from qualified buyers • Adjacent to multiple new developments (multifamily & hospitality) • 1st Colorado acquisition for buyer - contract to close in 70 days • Strong backup offer waiting/hoping for it fall out of contract 49,954 SF 162.65 7.74%
  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. OFFICE | 4515-21 RAVENSWOOD AVENUE | CHICAGO, IL SVN | Chicago Commercial MICHAEL ELAM michael.elam@svn.com 312.756.7331 1,505,520 • Beautifully built-out office space in an 8,000 SF classic bow truss building in Chicago's Ravenswood neighborhood • Adjacent 8,000 SF lot (included) features a fully landscaped courtyard and free- standing garage • Property leased for 6 years with an additional 4-month coworking arrangement at the beginning between the owner's company and the new tenant 6 years 8,000 SF
  11. 11. 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. OTHER | 601-613 SANTA ANA BLVD | SANTA ANA, CA SVN | Vanguard FERNANDO CRISANTOS f.crisantos@svn.com 949.558.0312 3,150,000 • Sustainably designed, mixed use property in revitalized downtown Santa Ana • List to close in ~30 days • 10-day closing process • Seller financing 6,800 SF 463.23 7%
  12. 12. 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. OFFICE | 27372 CALLE ARROYO COTTAGE 34 | SAN JUAN CAPISTRANO, CA SVN | Vanguard JON DAVIS jon.davis@svn.com 949.558.0302 LORENZO BONINA lorenzo.bonina@svn.com 949.627.9129 TONY YOUSIF tony.yousif@svn.com 858.810.3623 3,150,000 • High barrier to entry market • List to close in less than 60 days • Absolute NNN Lease providing annual increases with multiple years remaining including option periods 7,297 SF 431.68 5.19%
  13. 13. 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. HEALTHCARE | 4565 US HIGHWAY 17 | FLEMING ISLAND, FL SVN | Alliance ELIZABETH NYENWE elizabeth.nyenwe@svn.com 904.801.7779 14,400,000 • Class A, Multi-Tenant MOB in Clay County • National credit tenants • Value-Add opportunity • 60% occupancy • Advisor just entered her third year in the business 86,566 SF 166 5.70%
  14. 14. 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. RETAIL | 3612 CENTER ST NE | SALEM, OR SVN | Imbrie Realty RYAN IMBRIE ryan.imbrie@svn.com 503.208.9403 19,500,000 • 100% occupied multi-tenant retail center shadow anchored by Target • Constructed in 1990 • Repeat sale client • Located across from the regional mall 87,069 SF 223.96 7%
  15. 15. www.svn.com PAGE | FEATURED INVENTORY: $544,935,623 +/- BUY-SIDE COMMISSION: $1,175,318 +/- FEATURED INVENTORY FINANCIAL SUMMARY
  16. 16. Price $ Buy Side Fee $ Size 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. RETAIL (TRIPLE NET) | 2695 PHILADELPHIA AVENUE | CHAMBERSBURG, PA SVN | Miller Commercial Real Estate TONNEY INSLEY tonney.insley@svn .com 410.543.2491 Subject To Offer • 2022 NOI Over $675,000 • NNN National and regional credit tenants • Renovated in 2020 • 97% leased 7% +/- 4% 78,464 SF
  17. 17. 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 | 12 HOME SFR INVESTMENT PORTFOLIO | SALISBURY, MD SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | Miller Commercial Real Estate ANDREW BALL andy.ball@svn.com 410.543.2440 x 118 1,250,000 • For more information, please visit https://www.sfrhub.com/portfolio/100768 • 100% occupied with fully vetted tenants • Multiple 5+year tenants • All units are in close proximity to one another for easy property management • Close to Salisbury University, Wor-Wic Community College, and Tidal Health • Value add for an investor to increase current rents another 15% to market rates 43,750 12 units 104,166 7.73%
  18. 18. 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. LAND | 3230 WEST SUNSHINE STREET | SPRINGFIELD, MO SVN | Rankin Co. LLC JACK RANKIN jack.rankin@svn.com 417.860.9951 1,096,623 • 4-acre commercial development tract • Construction ready • Completed Phase 1 Report • Electricity running to the property • 425' of frontage on West Sunshine • West Bypass Traffic Count: 20,000+ V.P.D | West Sunshine Traffic Count: 20,000+ V.P.D. • Price per SF: 6.29 • Zoning: C-2 • 2020 Taxes: $8,200 3% 4 acres
  19. 19. Price $ Buy Side Fee $ Size 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. OFFICE | 450 GRANT STREET | AKRON, OH SVN | Summit Commercial Real Estate Group, LLC NICHOLE BOOKER, Ph.D nichole.booker@svn.com 330.475.5500 JERRY FIUME, SIOR, CCIM jerry.fiume@svn.com 330.416.0501 1,200,000 • Two-story professional office building located just on the edge of the University of Akron's Campus • Opportunity for Owner/User arrangement upon the current tenant's lease expiration • Superb access to downtown Akron and interstate system • Countless retail and restaurant amenities nearby • Surface parking on site • Significant green space and landscaping 3% 29,186 SF 8.09%
  20. 20. 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. LAND | 130 EAST MAIN STREET | HOPKINTON, MA SVN | Parsons Commercial Group, Boston VICTOR GALVANI victor.galvani@svn.com 508.271.9225 GARRETT QUINN garrett.quinn@svn.com 508.271.9229 1,500,000 • ±7.29 acres of land for sale on Route 135 in affluent Hopkinton, MA • Flexible Zoning: Located in the Commercial Subdistrict Zone, it is best suited for education, daycare, manufacturing/labs, offices, health clubs/recreational use, retail/drive-thru • Next to Legacy Farms, an 800+ unit residential development close to downtown Hopkinton • Great visibility & frontage • All municipal utilities on-site 2.5% 7.29 acres
  21. 21. 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 | 1218 MILLENIUM PARKWAY | BRANDON, FL SVN | Commercial Advisors DAVID KINNARD david.kinnard@svn.com 813.417.2586 1,999,000 • Easy access from Selmon Expressway and I-75 • Plenty of parking • Beautiful park setting • Restaurants and shopping in the immediate vicinity 3% 13,060 SF
  22. 22. Price $ Buy Side Fee Size Price /SF $ 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. RETAIL | 722 - 742 BUTTERFIELD ROAD | NORTH AURORA, IL SVN | Landmark Commercial Real Estate JOEL MILLER, CCIM joel.miller@svn.com 630.270.6949 2,800,000 • 10.06% CAP Including Master Lease Income • 7.12% CAP on in-place income • Restaurant and service tenancy • Anchored by 7-Eleven • Newer construction masonry building • Low Kane County taxes • E-commerce resistant convenience, restaurant and service tenancy 2.5% 22,000 124 10.06%
  23. 23. Price $ Buy Side Fee Size Price /SF $ 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. RETAIL | 105-213 E. LAKE STREET | BARTLLET, IL SVN | Landmark Commercial Real Estate JOEL MILLER, CCIM joel.miller@svn.com 630.270.6949 BRIAN HANEY brian.haney@svn.com 630.938.4950 3,500,000 • 10.57% CAP on pro-forma Including master lease income • 8.16% CAP on Current Income • E-Commerce resistant convenience, retail, and service tenancy • Anchored by Goodyear Tire, Dairy Queen, and 7-Eleven • 37,600 VPD on Lake St (Route 20) 2.5% 28,125 124 10.57%
  24. 24. 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. RETAIL | 1345 2ND STREET | SARASOTA, FL SVN | Commercial Advisory Group GAIL BOWDEN gail.bowden@svn.com 941.223.1525 MARK BOWER mark.bower@svn.com 941.544.0054 3,700,000 • 4-story live/work property • Exceptional investment property • Redevelopment opportunity • Additional 4,800 SF surface lot • Downtown Sarasota location • Price includes 2 parcels zoned DTC 3% 10,669 SF
  25. 25. 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 | 2353 HASSELL ROAD | HOFFMAN ESTATES, IL SVN | Chicago Commercial AL LINDEMAN lindemana@svn.com 312.756.7352 WAYNE CAPLAN wayne.caplan@svn.com 312.529.5791 3,750,000 • Multi-Tenant NNN office building - offered at a 9.12% CAP rate • Meticulously maintained with new HVAC units, roof, LED lighting, parking lot & other improvements • All suites have private entry and individual utilities and HVAC per tenant • Virtually zero loss factor as almost all space is within tenant suites • Potential for owner/user on upcoming vacancy • Beautiful campus setting overlooking 3.3 acres pond, gazebo, waterfall • Seller offering master lease on upcoming vacancy and/or Owner Financing on the property 3% 28,571 SF
  26. 26. 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 | 10825 W FORT ISLAND TRAILl | CRYSTAL RIVER, FL SVN | Florida BARTOW MCDONALD bartow.mcdonald@svn.com 352.274.3800 3,800,000 • Waterfront gulf access • Multiple deep water creeks • Water and sewer to property • 15 acres of upland • Abundant wildlife 3.5% 107 Acres 35,514
  27. 27. Price $ Buy Side Fee $ Size 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. RETAIL | 5080 - 5096 CENTRAL PARK BLVD | DENVER, CO SVN | Denver Commercial KEVIN MATTHEWS kevin.matthews@svn.com 303.974.5893 TROY MEYER troy.meyer@svn.com 303.974.5737 6,230,000 • Close Proximity to I-70 with excellent access to Downtown Denver • Affluent neighborhood - household Incomes over $165,000 • Surrounded by New Housing Communities with a Robust Employment Base • 84% of GLA with below market rents • Long Term NNN Leases - First Expiration in 2026 100,000 17,844 6.26%
  28. 28. Price $ Buy Side Fee $ Size Price /SF $ 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. RETAIL | 1825-1865 N CIRCLE DRIVE | COLORADO SPRINGS, CO SVN | Denver Commercial KEVIN MATTHEWS kevin.matthews@svn.com 303.974.5893 TROY MEYER troy.meyer@svn.com 303.974.5737 7,210,000 • Extremely busy internet & pandemic resistant center • Potential pad carve-out • Anchored by Dollar Tree, 2 food delivery related tenants, & Affordable medical supply • Rents significantly below market - $9.38/SF NNN average • Very well located asset in an Opportunity Zone 144,200 56,557 SF 127 7.03%
  29. 29. 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. RESTAURANT | 1640 SEAWAY DRIVE | FORT PIERCE, FL SVN | Commercial Partners ROBERT HAMMAN robert.hamman@svn.com 561.346.2310 DAVID KENDALL david.kendall@svn.com 561.723.8463 6,900,000 • 7,140 SF high-volume 200+ seating capacity waterfront restaurant • Situated along the Fort Pierce Inlet • 1.7± acres of land which boasts uninterrupted views of the water • Indoor and outdoor dining available • Outdoor tiki bar with plans for expansion • Lush landscaping and ample parking 3% 7,140 966
  30. 30. www.svn.com PAGE | June 14th- June 20th, 2021 EVENTS & WEBINARS TUESDAY JUNE 15 SFR Product Council Meeting 10:00am PT | 1:00 pm ET WEDNESDAY JUNE 16 Best Practices Webinar 8:30 am PT | 11:30am pm ET WEDNESDAY JUNE 16 SVN Hospitality Product Council Meeting 11:00 am PT | 2:00pm pm ET
  31. 31. 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!

Editor's Notes

  • Approved 6.9
  • Approved
  • stb 6.7
  • stb 6.9
  • Approved 6.8
  • stb 6.8
  • Approved 6.8
  • Approved 6.8
  • STB 6.10
  • stb 6.8
  • Approved 6.10.21
    Tonney presenting
  • Approved 6.10
    Bill Radke presenting



  • Approved 6.7
    Jack Rankin presenting

  • Approved
    Nichole Booker presenting






  • Approved 6.8
    Garrett Quinn presenting


  • Approved 6.7
    David Kinnard presenting


  • Approved 6.10
    Joel Miller presenting
  • Approved
    Joel presenting
  • Approved 6.10
    Gail presenting

  • Approved 6.7
    Al Lindeman presenting


  • Approved 6.7
    Bartow presenting
  • Approved 6.10.21
    Kevin presenting
  • Approved 6.9
    Troy presenting
  • Approved 6.10
    Robert presenting

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