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SVN Live 09.13.21 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 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 09.13.21 Weekly Property Broadcast

  1. 1. WEEKLY PROPERTY BROADCAST September 13, 2021
  2. 2. www.svn.com PAGE | WELCOME NEW SVN ADVISORS Advisor SVN Franchise & Location Alex Tannous SVN | True Real Estate Partners, Santa Rosa, California Rami Batarseh SVN | True Real Estate Partners, Santa Rosa, California Gilbert Gutierrez SVN | Vanguard, Santa Ana, California Elon Gerberg SVN | Commercial Partners, Boca Raton, Florida Cooper Stetson SVN | Florida Commercial Real Estate Advisors, Jupiter, Florida David Kendall SVN | Florida Commercial Real Estate Advisors, Jupiter, Florida Lorenzo Rubio SVN | Florida Commercial Real Estate Advisors, Jupiter, Florida Joel Presley SVN | KD Lanclos & Associates, LLC, Augusta, Georgia
  3. 3. www.svn.com PAGE | WELCOME NEW SVN ADVISORS Advisor SVN Franchise & Location Phillip Ammon SVN | The Martin Group, Louisville, Kentucky Alexander Kempf SVN | The Masiello Group, Bedford, New Hampshire Karen Van Wyk SVN | Realty Performance Advisors, Rochester, New York Frank Efird Sr. SVN | Efird Commercial Real Estate, Wilmington, North Carolina Kyle Lewis SVN | Three Rivers Commercial Advisors, Pittsburgh, Pennsylvania Drew Staten SVN | Wood Properties, Knoxville, Tennessee Jackson Zamora SVN | Alta Commercial, Salt Lake City, Utah Brenda Garibay SVN | Retter & Company, Kennewick, Washington
  4. 4. ECONOMIC UPDATES
  5. 5. www.svn.com PAGE | COMMERCIAL PROPERTY PRICES ● Apartment assets continue to lead the way, notching the highest growth of all commercial property types. In July, the apartment CPPI grew 1.6% month-over-month and 13.5% year-over-year, both of which led all other tracked property types. ● Retail assets posted the next best month-over-month growth rate of the core-four property types, gaining 1.2% between June and July. However, measured year-over-year retail prices are by just 7.5%, which remains the lowest mark across the major property types. ● Industrial assets continue to plot a path of robust growth, growing 1.1% and 11.8% month-over-month and year-over-year, respectively. ECONOMIC UPDATES PROVIDED BY
  6. 6. CLOSED TRANSACTIONS
  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. MULTIFAMILY | 1701 HILL ST | ANN ARBOR, MI SVN | Stewart Commercial Group DAN STEWART dan.stewart@svn.com 734.662.5097 JULIE MCCAFFREY julie.mccaffrey@svn.com 734.585.0995 1,150,000 • 8 rooms • U of M student housing • Full-price offer • 14.2 GRM • Cash buyer 3,307 SF 348
  8. 8. 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. RETAIL | 2655 VALLEY AVE | WINCHESTER, VA SVN | Commercial Specialists JIM GUISEWHITE jim.guisewhite@svn.com 540.535.0808 JOHN COONTZ john.coontz@svn.com 540.535.0808 1,300,000 • 9 months from listing to sale • Full price contract • Seller donated $25,000 towards sale as a gift to the non-profit Rescue Mission 11,522 SF 113
  9. 9. 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 | 741 NW 57 PLACE | FORT LAUDERDALE, FL 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 1,340,000 • Helped seller find temporary space after a lightning strike hit the building 15 years ago • Seller is retiring, was in the lampshade business for 45 years • Buyer is a 1031 Buyer from NY 10,027 SF 134
  10. 10. 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. INDUSTRIAL | 2003 & 2033 W MCNAB ROAD | POMPANO BEACH, FL 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 6,600,000 • Seller originally bought the land from Les’ father in 1974 • Buyer is a local family investment company • 100% occupied at closing 43,804 SF 151 1.9%
  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. INDUSTRIAL | 40 SOUTHVILLE ROAD | SOUTHBOROUGH, MA SVN | Parsons Commercial Group | Boston GARRETT QUINN garrett.quinn@svn.com 508.271.9229 MARILYN SANTIAGO marilyn.santiago@svn.com 508.271.9230 1,572,080 • 40 Southville Road is a 100% leased multi-tenant industrial building located in Southborough, MA (30 miles west of Boston) • The building was constructed in 2010 and consists of four, 2,000 square foot bays • The property sits on 1.06 acres and is conveniently located near the Southborough Commuter Rail stop 8,000 SF 197 7%
  12. 12. 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 | 7 CONNECTOR ROAD | ANDOVER, MA SVN | Parsons Commercial Group | Boston ALEX BERGER alex.berger@svn.com 508.271.9205 MATTHEW QUINLAN matthew.quinlan@svn.com 508.271.9208 10,350,000 • Building sold to very aggressive RE Investment group out of Boston • Seller sold business & company is moving, resulting in a vacant building • SVN | Parsons is retained to lease entire building • Red hot industrial market • Located 20 miles north of Boston & 10 miles south of NH 60,000 SF 173
  13. 13. 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 | 3036 W LINCOLN AVE | ANAHEIM, CA SVN | Vanguard LORENZO BONINA lorenzo.bonina@svn.com 949.627.9129 JUVE PINEDO juve@svn.com 714.348.6099 1,890,000 • Very involved sale that our team took over from another brokerage • Lorenzo & Juve marketed the property across multiple platforms and cold called over 6500 people • Closed early, happy buyer .67 acres 1,266,300
  14. 14. 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 | JACKSONVILLE ROAD | SPARR, FL SVN | Saunders Ralston Dantzler DEAN SAUNDERS, ALC, CCIM dean@svn.com 863.774.3522 BRIAN BEASLEY, CCA, CNLM brian.beasley@svn.com 863.287.2702 2,139,620 • 100% uplands • Improved Bahia pasture • Cattle lease currently in place • Great site for residential development, estate homes, recreation, farming 308 acres 6,947
  15. 15. 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. RETAIL | 800 W INDIANTOWN RD | JUPITER, FL SVN | Florida Commercial Real Estate Advisors ROBERT HAMMAN robert.hamman@svn.com 561.346.2310 2,200,000 • Sold in 2019 • Leased in 2020 • Just sold again • The buyer and seller in both transactions are multiple repeat clients 9,786 SF 225
  16. 16. 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 | 2316 SCHUETZ RD | MARYLAND HEIGHTS, MO SVN | The Hurst Company RICHARD HURST, CCIM rick.hurst@svn.com 913.538.5568 6,160,000 • Multiple offers, two contracts, and still closed within a 5 month period • 95% of asking price • Had to resolve several environmental issues day of closing • Buyer has a business in close proximity to subject property • In collaboration with outside firm, Intelica Commercial Real Estate 96,360 SF 64
  17. 17. 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. INDUSTRIAL | 2400 LUDELLE / 2301 BLUE SMOKE CT N | FORT WORTH, TX SVN | Trinity Advisors JAMES BLAKE, CCIM james.blake@svn.com 817.288.5508 ANDREW SMALL andrew.small@svn.com 817.752.5515 CARL BROWN, CCIM, RPA carl.brown@svn.com 817.915.7742 9,000,000 • Add value purchase • 79% occupied • Buyer investing $2M in improvements • Local investment company 164,718 SF 55 5.8%
  18. 18. Sale Price $ No. of Units Price/Unit $ 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 | 6705-37 N CALIFORNIA AVENUE | CHICAGO, IL SVN | Chicago Commercial JEFFREY BAASCH jeffrey.baasch@svn.com 312.286.0141 10,000,000 • 1031 Exchange buyer • Out-of-state private family fund • CMBS loan 68% LTV 94 106,383
  19. 19. Sale Price $ No. of Units Price/Unit $ 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 | 7144 S JEFFERY BOULEVARD | CHICAGO, IL SVN | Chicago Commercial JEFFREY BAASCH jeffrey.baasch@svn.com 312.286.0141 12,251,161 • 4 building 204 unit multifamily portfolio • Buyer intends to complete gut rehab • Fire at building 1 week prior to closing 204 units 60,055
  20. 20. 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 | 1143 W LAKE STREET | CHICAGO, IL SVN | Chicago Commercial SCOTT MAESEL scott.maesel@svn.com 312.676.1860 DREW DILLON drew.dillon@svn.com 734.223.2315 32,000,000 • Redevelopment site in heart of Fulton Market • Property went under contract January 2019, longest transaction of career • Transaction survived COVID-19, an administration change of Mayor & Department of Planning as well as change of use for half the site from commercial to residential • One of the last remaining meat packers in the district • Development slated for 2 residential high rises totaling 665 units 1.1 acres 29,090,909
  21. 21. 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 | 600 E LAS COLINAS | IRVING, TX SVN | Angelic GABRIEL SILVERSTEIN gabriel.silverstein@svn.com 512.953.3320 ALEX PROVOST alex.provost@svn.com 707.508.6031 74,750,000 • $74,750,000 purchase of Class A value-add office property with $15 million planned CapEx program • SVN|Angelic team responsible for debt/equity structure and capital stack for local buyer/operator • Property had been in contract for nearly a year when SVN|Angelic was brought in, and identified partners within one month • Total capital stack was $93,674,000, including $29 million in equity 512,269 SF 146
  22. 22. FEATURED INVENTORY
  23. 23. www.svn.com PAGE | FEATURED INVENTORY: $ 2,900,000 +/- BUY-SIDE COMMISSION: $ 72,500 +/- FEATURED INVENTORY FINANCIAL SUMMARY
  24. 24. 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 | TOLEDO, OH SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | First Place Commercial Realty LLC VICTOR S. VOINOVICH voinovichv@svn.com 216.235.2588 • Go to www.SFRhub.com to custom search for Portfolio 100829 to view additional information • 100% occupied homes with fully vetted tenants • Rents are 5% below current market rents • Portfolio is self-managed • Significant capital expenditures invested by seller with minimal deferred maintenance • Home values up 8.5% Year over Year and expected to grow 6.6% in the next twelve months 1,200,000 10 30,000 6.68% 120,000
  25. 25. 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 | 3909 LINCOLN HIGHWAY | MATTESON, IL SVN | Chicago Commercial MARCUS SULLIVAN msullivan@svn.com 312.756.7357 MARCUS COOK marcus.cook@svn.com 312.676.1863 1,700,000 • Established business for over 30 years • Strong history of sales • Additional income from legal gaming machines • Over two acres of property with 6,800 square foot building 42,500 6,830 SF 249
  26. 26. www.svn.com PAGE | September 13th-19th, 2021 EVENTS & WEBINARS TUESDAY SEPTEMBER 14 Retail Council Meeting 10:00am PT | 1:00pm ET WEDNESDAY SEPTEMBER 15 Healthcare Council Meeting 9:00am PT | 12:00pm ET
  27. 27. 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!

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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