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SVN Live 11.23.20 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.

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SVN Live 11.23.20 Weekly Property Broadcast

  1. 1. WEEKLY PROPERTY BROADCAST November 23, 2020
  2. 2. ECONOMIC UPDATES
  3. 3. www.svn.com PAGE | ECONOMIC UPDATES PROVIDED BY ● The Freddie Mac Multifamily Apartment Investment Market Index (AIMI), a measure of overall multifamily sector investment health that tracks asset prices, property-level incomes, and mortgage rates, ticked down to 128.5 in Q2 2020 after reaching a three-year high of 128.9 in Q1. ● The decline corresponds with an observed drop in the index’s price component, which fell 0.08% from Q1. This is the first quarter-over-quarter decrease in valuations since the Great Recession. ● Despite the drop, prices are still up year-over-year, with the AIMI standing 6.1% higher today than one year ago. While property-level income growth has constrained in the pandemic, accommodative monetary policy and demand for safe-haven assets have exerted downward pressure on mortgage rates, partially offsetting negative pricing. ECONOMIC TALKING POINTS
  4. 4. CLOSED DEALS
  5. 5. Sale Price $ Size Price /Acre $ Transaction HighlightsProperty 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 | CANOE CREEK ROAD | KENANSVILLE, FL 130.2 Acres 10,753 • 1,900 ± ft of private lakefront on Lake Marian • Great hunting from the adjacent Three Lakes Wildlife Management Area • FAA registered seaplane base • Professionally-built motocross track SVN | Saunders Ralston Dantzler RICHARD DEMPSEY r.dempsey@svn.com 863.581.1903 1,400,000
  6. 6. Sale Price $ Size Price /SF $ Cap Transaction HighlightsProperty 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 | 4424 DIVISION AVE | WAYLAND, MI SVN | Investment Property Advisors DAVID DE MAAGD, CPA, MBA david.demaagd@svn.com 616.399.3955 1,368,250 • Loyal repeat buyer - 5th STNL / 4th $ store • Repeat seller/developer • 15 year NNN leased • Just delivered to Dollar General 9,026 SF 152 6.5%
  7. 7. Sale Price $ Size Price /Acre $ Transaction HighlightsProperty 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 | 1575 W STATE ROAD 40 | ASTOR, FL SVN | Commercial Partners DAVID KENDALL david.kendall@svn.com 561.723.8463 SVN | Alliance Commercial Real Estate Advisors CARL LENTZ, MBA, CCIM carl.lentz@svn.com 386.566.3726 1,500,000 • 69 slip marina • Boat launch ramp & dry storage • Ships store & bathhouse with laundry facility • 9 riverfront motel rooms, a cottage, and a 3 bedroom house • Waterfront restaurant • 4COP historic liquor license goes with the property 7 Acres 214,286
  8. 8. Sale Price $ No. of Units Price /Unit $ Cap Transaction HighlightsProperty 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 | 624 31ST STREET | OAKLAND, CA 7 212,143 • High vacancy • Tenants on COVID-19 rent strike • Sold property to seller in 2009 as REO • 9th transaction with client SVN | Pacific Commercial Advisors KEVIN CHIN, CCIM CalDRE #00696127 kevinc@svn.com 415.922.2900 JUSTIN WONG CalDRE #01974254 justin.wong@svn.com 415.922.2900 7.50% 1,485,000
  9. 9. Sale Price $ Size Price /SF $ Transaction HighlightsProperty 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 | 7680 GODDARD ST | COLORADO SPRINGS, CO SVN | Denver Commercial JOHN LUTKEWITTE john.lutkewitte@svn.com 303.993.4050 TROY MEYER troy.meyer@svn.com 303.974.5737 KEVIN MATTHEWS kevin.matthews@svn.com 303.974.5893 1,900,000 • Able to source a buyer during the heart of the pandemic • It was an owner/user who was able to fill the roughly 60% vacancy • It went from contract to close in 60 days15,107 SF 126
  10. 10. Sale Price $ Size Price /SF $ Cap Transaction HighlightsProperty 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 | 7660 GODDARD STREET | COLORADO SPRINGS, CO SVN | Denver Commercial JOHN LUTKEWITTE john.lutkewitte@svn.com 303.993.4050 TROY MEYER troy.meyer@svn.com 303.974.5737 KEVIN MATTHEWS kevin.matthews@svn.com 303.974.5893 2,020,000 • A true COVID-19 success story • We were able to sell this at a pre-COVID-19 market cap rate due to consistent payments from tenants throughout COVID-19 • Sold just shy of asking price • We worked with property management to extend leases during COVID-19 to make the lender more comfortable about the deal 14,819 SF 136 7.08%
  11. 11. Sale Price $ Size Price /SF $ Transaction HighlightsProperty 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 | 404 SPORTING COURT | LEXINGTON, KY 3,600,000 45,415 SF 79 • Through an effective marketing campaign was able to garner multiple offers on the space • From contract to close was less than 30 days • New purchaser is revitalizing the space but keeping it similar to its former user SVN | Stone Commercial Real Estate JOHN BUNCH john.bunch@svn.com 859.433.8911
  12. 12. Sale Price $ Size Price /SF $ Transaction HighlightsProperty 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 | 3900 NE 10TH WAY | POMPANO BEACH, FL SVN | Commercial Realty KEITH KIDWELL, SIOR, CCIM keith@svncr.com 954.234.8777 LES BYRON, SIOR, CCIM les@svncr.com 954.401.4713 STEVE DAVIS steve@svncr.com 954.650.7824 8,750,000 • The South Florida market for heavy industrial properties is very strong! • Property features two buildings totaling - 29,540 SF on 7.7 acres, rail served • Second property we have sold for this client in the past 2 ½ years • We are presenting their current facility later on this call29,540 SF 296
  13. 13. FEATURED INVENTORY
  14. 14. www.svn.com PAGE | FEATURED INVENTORY: $64,078,000 BUY-SIDE COMMISSION: $1,206,240 FEATURED INVENTORY FINANCIAL SUMMARY
  15. 15. Price $ Buy Side Fee $ Size Price /SF $ Property HighlightsProperty 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 | 3354 & 3356-66 N PULASKI | CHICAGO, IL SVN | Chicago Commercial ADAM THOMAS adam.thomas@svn.com 847.219.6383 DREW DILLON drew.dillon@svn.com 734.223.2315 CHAD SCHROEDL chad.schroedl@svn.com 312.756.7329 SCOTT MAESEL scott.maesel@svn.com 312.676.1860 1,269,000 • Old Irving Park purchase opportunity available, option to purchase one or both properties, owned by the same Seller • Over 16,000 SF single story flex building situated on approximately 17,750 SF lot • Value-add opportunity with two (2) existing MTM Tenants occupying over 50% of the property’s total square footage • Property Ideal for a variety of flex and service retail uses • Potential for residential development with B3-1 property zoning 38,070 17,750 SF 71
  16. 16. Price $ Buy Side Fee $ Size Price /SF $ Property HighlightsProperty 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 AVENUE | WINCHESTER, VA SVN | Commercial Specialists JIM GUISEWHITE jim.guisewhite@svn.com 540.325.0573 JOHN COONTZ john.coontz@svn.com 540.550.0206 1,299,000 • Freestanding building along busy Valley Avenue is a rare find • Great space for large format operations • Set up for easy conversion to restaurant with drive through • Ideal redevelopment site with plenty of parking 38,970 11,522 SF 113
  17. 17. Price $ Buy Side Fee $ Size Price /SF $ Property HighlightsProperty 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 | 2115-2175 E NEW YORK STREET| AURORA, IL SVN | Chicago Commercial JAMES MEAD, CCIM james.mead@svn.com 312.676.1871 STEPHEN CUSANO stephen.cusano@svn.com 312.675.4334 1,350,000 • A few minutes from Interstate I-88 • Retail frontage on busy thoroughfare • Existing warehouse to use or tear down for self storage etc.27,000 34,080 SF 40
  18. 18. Price $ Buy Side Fee $ No. of Units Price /Unit $ Cap Property HighlightsProperty 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 | MULTIPLE ADDRESSES | ALBANY, GA 1,450,000 11 131,818 • Newly renovated homes • Diverse unit mix • Appraised values are higher than listing price • Background checked tenants • Various essential employment • Management in place SVN | Toomey Property Advisors STEVEN ROWE steven.rowe@svn.com 251.706.9022 7.5% 36,250
  19. 19. Price $ Buy Side Fee $ No. of Units Price /Unit $ Cap Property HighlightsProperty 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| 1100 HORSEMANS LANE | LEXINGTON, KY SVN | Stone Commercial Real Estate NATHAN DILLY nathan.dilly@svn.com 859.420.5492 1,500,000 • University of Kentucky student housing • 12 units: 36 beds/36 baths • Value-add opportunity through increasing rents37,500 12 6.85% 125,000
  20. 20. Price $ Buy Side Fee $ Size Price/SF $ Cap Property HighlightsProperty 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 | 170-195 S 2ND STREET | COOS BAY, OR SVN | Commercial Advisors, LLC CURT ARTHUR, SIOR curt.arthur@svn.com 503.588.4146 NICK WILLIAMS nick.williams@svn.com 503.400.7851 1,850,000 • Value-add investment or owner-occupant opportunity • Received a $1 million update in mid-1980's • Strong rent escalations in all leases • Significant upside potential in the rents 46,250 19,765 SF 94 5.85%
  21. 21. Price $ Buy Side Fee $ Size Price /SF $ Property HighlightsProperty 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 | 1418 & 1420 BLACKISTON MILL RD| CLARKSVILLE, IN 25,850 SF 76 • $830,000 price drop • Significant recent improvements to intersection • Out lot included for future growth • Exceptional parking SVN | Premier CRE & Auctions BILL MENISH, CAI, AARE bill.menish@svn.com 502.939.0399 TOMMY CLARK tommy.clark@svn.com 502.641.3199 1,970,000 49,250
  22. 22. Price $ Buy Side Fee $ Size Price /SF $ Property HighlightsProperty 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 | 975 AUTOMATION DRIVE | WINDSOR, CO SVN | Denver Commercial JERRY CHILSON jerry.chilson@svn.com 970.691.5400 2,800,000 • New construction - Class A pre-engineered steel building • Available Q2 2021 • 24,000 plus SF of fenced outdoor storage • For sale or lease 84,000 15,120 SF 185
  23. 23. Price $ Buy Side Fee $ Size Price /SF $ Property HighlightsProperty 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 | 1700 NW 33 STREET | POMPANO BEACH, FL SVN | Commercial Realty KEITH KIDWELL, SIOR, CCIM keith@svncr.com 954.234.8777 LES BYRON, SIOR, CCIM les@svncr.com 954.401.4713 STEVE DAVIS steve@svncr.com 954.650.7824 4,500,000 • Very hard to find - 23,220 SF truck maintenance building on 1.87 acres • Office area: 2,386 SF of – recently renovated • Power: 1,600 amps – 3 phase – 480 V power • 6 - 22’ high grade level overhead doors • This one won’t last long! 135,000 23,220 SF 194
  24. 24. Price $ Buy Side Fee $ No. of Units Price /Unit $ Pro Forma Net Cap Property HighlightsProperty 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 | 100411 . 63 HOME BFR INVESTMENT PORTFOLIO | FORT MYERS, FL 63 320,476 • For more info visit www.SFRhub.com and search for portfolio 100411 • Offering comprises an entire purpose-built BFR community with optimized floor plans to maximize net operating income • Community is currently ready to start development. The first homes will be delivered in Q1 2021 and the final tranche of homes delivered in Q4 2021 • Stabilized Year 1 Gross Yield of 9.62% and net cap rate of of 6.33% • Strong 28.28% Stabilized Year 1 Leveraged IRR and a Stabilized Year 1 Leveraged Cash on Cash of 7.50% • Median home value of $343,818 and a median household income of $77,861 in the area SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | Florida Commercial Real Estate Advisors JERRY ANDERSON, CCIM jerry.anderson@svn.com 386.547.4968 6.33% 353,325 20,190,000
  25. 25. Price $ Buy Side Fee $ Size Price /SF $ Property HighlightsProperty 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 | 490 POST STREET, SUITE 1700 | SAN FRANCISCO, CA SVN | Capital West Partners CATHERINE HOUSE, CCIM, FRICS CalDRE #01327824 catherine.house@svn.com 415.464.6401 2,950,000 • Rarely available San Francisco Union Square penthouse office space for sale • ±3,582 SF comprising ±2,317 SF office, ±580 SF balcony, & ±685 storage • Creative, penthouse suite with soaring ceilings, hardwood floors, high-end finishes • Superior ventilation with separate tenant controlled HVAC, and operable doors on to balcony • Lots of natural light from skylights & windows • Great for entertaining clients with a ±66 ft by ±8 ft balcony, & interior kitchen 73,750 2,317 SF 1,273
  26. 26. Price $ Buy Side Fee $ Size Price /SF $ Cap Property HighlightsProperty 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. 22,950,000 • San Francisco Bay Area real estate in the path of growth at the intersection of I-80 and Hwy 12, near I-680 • COVID-resistant tenants (including Fresenius) all paying rent on time with no requests for deferral or abatement • Highly improved space priced well below replacement cost at $171 PSF • Multi-tenanted office campus (6 of the 10 office buildings in Busch Campus Park) with strong credit tenants • Price reduction increasing actual cap rate to 6.44% at 70% occupancy • Proforma cap rate now 9.33% at 100% occupancy OFFICE | BUSCH CAMPUS PARK | FAIRFIELD, CA 134,340 SF 286,875 SVN | Rich Investment Real Estate Partners TRAVIS ALBEE CalDRE #01871289 travis.albee@svn.com 818.599.6588 JEFF ALBEE, CCIM CalDRE #00969071 jeff.albee@svn.com 818.227.8000 171 6.44% CATHERINE HOUSE, CCIM, FRICS CalDRE #01327824 catherine.house@svn.com 415.464.6401 SVN | Capital West Partners
  27. 27. www.svn.com PAGE | November 23rd-30th, 2020 EVENTS & WEBINARS THURSDAY NOVEMBER 26-27 SVNIC CLOSED THANKSGIVING HOLIDAY 2020 MONDAY NOVEMER 30 NO SVN | LIVE
  28. 28. www.svn.com PAGE | HAPPY THANKSGIVING
  29. 29. 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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