SVN Live 12.12.22 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 12.12.22 Weekly Property Broadcast
- 2. www.SVN.com Welcome New SVN franchises SVN Franchise Location SVN | McDonald & Company Ocklawaha, FL Managing Director: Bartow McDonald IV SVN | Waterfront Commercial Realty Jupiter, FL Managing Directors: Robert Hamman Keith Kidwell Jerry Anderson
- 3. www.SVN.com Welcome New SVN Advisors Advisor Name SVN Franchise & Location Luke Chenault SVN | AVAT Realty, LLC Huntsville, AL Phillip Chenault SVN | AVAT Realty, LLC Huntsville, AL Benjamin Davidson SVN | ArkBest Realty, LLC Little Rock, AR Kevin Foster SVN | True Real Estate Partners Santa Rosa, CA Anni Grimes SVN | Vanguard San Diego, CA Patrick Fullerton SVN | Vanguard San Diego, CA Keith Frierson, CCIM SVN | Commercial Advisory Group Tampa, FL
- 4. www.SVN.com Welcome New SVN Advisors Advisor Name SVN Franchise & Location Connor Weiss SVN | Commercial Partners Miami, FL Corrie Gates SVN | Commercial Partners Fort Myers, FL David Carlson SVN | Commercial Partners Sarasota, FL Matthew Agostinelli SVN | Saunders Ralston Dantzler Lakeland, FL Mike Lansdell, ALC SVN | Saunders Ralston Dantzler Lakeland, FL Victor Chen SVN | Saunders Ralston Dantzler Lakeland, FL Levi Magnusson SVN | High Desert Commercial Idaho Falls, ID
- 5. www.SVN.com Welcome New SVN Advisors Advisor Name SVN Franchise & Location Eric Hayes SVN | Lord Partners St. Louis, MO Olivia Reichenbach SVN | Summit Commercial Real Estate Advisors Akron, OH Joseph Curry SVN | Wilson Commercial Group, LLC Columbus, OH Austin Judd SVN | OAK Realty Advisors Tulsa, OK Bennett Faloni SVN | Three Rivers Commercial Advisors Pittsburgh, PA Michael Kamouyerou SVN | Three Rivers Commercial Advisors Pittsburgh, PA Mark Stevens SVN | BlackStream Greenville, SC Dillon Howe SVN | Waterfront Commercial Realty Jupiter, FL
- 7. www.SVN.com Economic Updates Provided by ○ Despite falling activity compared to 2021, grocery stores have maintained most of their increased foot traffic relative to pre-pandemic levels, according to a recent analysis. ○ Since June, year-over-year grocery store visits have been negative. Still, much of this is influenced by the elevated activity levels we saw in 2021 and the subsequent normalization of said activity. Grocery store visits have held above their pre-pandemic benchmark in three out of four months over the same period, signaling that the sector is maintaining its pandemic-era growth. ○ The analysis notes that while overall visits have declined in recent months, visit duration has increased. The increase in duration also began in June, in line with when visits began dropping, suggesting that inflation pressures incentivize people to shop less but purchase more in bulk. Grocery’s Ongoing Resilience
- 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 No. of Units Price/Unit Confidential 10 units MULTIFAMILY | 3010 WINDSOR ROAD | AUSTIN, TX ○ Prestigious Tarrytown neighborhood ○ Value add investment ○ Dozens of interested parties ○ 15 days from contract to close, buyer agreed to significant non-refundable earnest money on day 1 ○ Buyer projected <4% cap rate on stabilized income SVN | Traditions STEVE RODGERS steve.rodgers@svn.com 214.914.1357 TRAVIS TAYLOR travis.taylor@svn.com 210.391.4514 SVN | Angelic GABRIEL SILVERSTEIN gabriel.silverstein@svn.com 512.551.8255 ALEX PROVOST alex.provost@svn.com 707.508.6031
- 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 Size Price/Acre $1,075,000 14.51 acres $74,087 LAND | 0 US HIGHWAY 27 | LAKE WALES, FL ○ Business park zoning ○ Prime industrial/commercial land for development ○ US Hwy 27 commercial corridor is significant in Polk County's economic development SVN | Saunders Ralston Dantzler R. TODD DANTZLER, CCIM todd.dantzler@svn.com 863.287.3586 DANIELLE BROWN danielle.brown@svn.com 863.670.7842
- 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 $1,950,000 4,080 SF $478 INDUSTRIAL | 113-115 DANIEL WEBSTER HWY | MERRIMACK, NH ○ Had to help buyer secure financing after bank pulled out after appraisal ○ Property was hit by a car the day before closing ○ Was able to navigate challenges and get a deal done ○ Great deal for both buyer and seller SVN | The Masiello Group BRIAN DANO brian.dano@svn.com 603.377.0309 CHRIS PASCUCCI chris.pascucci@svn.com 603.494.8960
- 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 $2,000,000 450 acres $4,444 LAND | 7580 S COUNTY ROAD 53 | MADISON, FL ○ This property is a nicely forested tract that features quality hunting on a mix of forest types ○ Excellent access to I-10 via CR 53 (which fronts the property for 2,800 feet) ○ Poised for future growth, as it includes 250 acres of "Highway Interchange" zoning SVN | Saunders Ralston Dantzler GREG DRISKELL greg.driskell@svn.com 386.867.2736 ERIC HOYER, CF, CA, RCA eric.hoyer@svn.com 863.648.1528
- 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 $2,957,500 6,835 SF $433 SINGLE TENANT INVESTMENT | 6050 & 6090 WEST RAMSEY STREET | BANNING, CA ○ Building purchased by tenant ○ 6+ years left on absolute NNN lease SVN | Rich Investment Real Estate Partners JOSH SNYDER josh.snyder@svn.com 925.876.0884 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 Lease Value Lease Terms Size $3,452,275 7 years OFFICE | 909 LAKE CAROLYN | IRVING, TX ○ Located in the prominent Urban Center of Las Colinas ○ The building and area host a package of amenities that will satisfy the most discriminating client ○ APT station connected to the building and the DART Las Colinas Urban Central Station directly across the street ○ Breathtaking views of Lake Carolyn ○ Close proximity to several country clubs, restaurants, DFW Airport SVN | Dunn Commercial TRACY LI, CCIM tracy.li@svn.com 972.391.7016 12,890 SF
- 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 Cap $5,700,000 47,500 SF $120 OFFICE | 120 PROSPEROUS PLACE | LEXINGTON, KY ○ Helped the investor buy the property four years ago at 50% occupancy ○ Retained the leasing and was able to fill the property to 95% occupancy ○ Listed the property on the open market and ultimately co-brokered the transaction SVN | Stone Commercial Real Estate MATT STONE, CCIM, SIOR, MBA matt.stone@svn.com 859.306.0593 JOHN BUNCH, SIOR john.bunch@svn.com 859.306.0602 NATHAN DILLY nathan.dilly@svn.com 859.306.0604 7.8%
- 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/SF $6,150,000 67,000 SF $92 INDUSTRIAL | 2333 INNOVATION DRIVE | LEXINGTON, KY ○ Placed the property under contract with a contingency of a sale leaseback ○ Successful negotiation of the sale leaseback during the due diligence period ○ This was a co-brokered transaction SVN | Stone Commercial Real Estate JOHN BUNCH, SIOR john.bunch@svn.com 859.306.0602
- 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 Size Price/SF Cap $10,150,000 40,350 SF $252 MULTIFAMILY | 19106 E SPRAGUE AVE | SPOKANE VALLEY, WA ○ 55+ gated community in Spokane, WA ○ Built in 2016 ○ 31 total unit mix of 3-bed, 2 bath and 2-bed, 2 bath ○ Transaction completed as part of a 1031 exchange ○ To complete financing, we had to raise rent $150 a door ○ Buyer put 55% down SVN | Cornerstone NATE GANT nate.gant@svn.com 509.993.4440 GUY BYRD guy.byrd@svn.com 509.953.5109 4.76%
- 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 Size Price/Acre $10,700,000 1,136 acres $9,419 LAND | 1000 HARTT ROAD | SEBRING, FL ○ Irrigated with under tree micro-sprinkler irrigation ○ The property features a majority of uplands with a very limited number of wetland acres ○ The average production per acre is higher than the industry standard at roughly 250 boxes per acre SVN | Saunders Ralston Dantzler RICHARD DEMPSEY, ALC, CIPS r.dempsey@svn.com 863.581.1903
- 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/SF Cap $12,925,000 72,449 SF INDUSTRIAL | 1701-1731 NW 33RD STREET | POMPANO BEACH, FL ○ Original developer / owner – 1st time sold ○ Been their leasing agent for over 25 years ○ Never thought they would sell ○ Never say never! $178 3.9% 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
- 22. 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 SVN | The Masiello Group FOR SALE | HOSPITALITY | UNDISCLOSED | MAINE $2,850,000 $85,500 50 acres ○ Events/weddings booked until 2025 ○ 50 acres of land ○ Full commercial kitchen on site ○ New construction $57,000 BRIAN DANO brian.dano@svn.com 603.377.0309
- 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 FOR SALE | LAND | 7012 US-7 | POWNAL, VT $3,500,000 $105,000 144.77 acres ○ Rare placemaking opportunity ○ Development friendly local government ○ Solar farm on property ○ Potable water on site $24,176 SVN | The Masiello Group BRIAN DANO brian.dano@svn.com 603.377.0309
- 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 SVN | Chicago Commercial FOR SALE | INDUSTRIAL | 220-306 ALESSIO DRIVE | JOLIET, IL $4,100,000 $102,500 64,000 SF ○ Truck and trailer parking permitted ○ Flexible space and yard allocation ○ Long term tenants ○ Strategically located real estate ○ Below market rental rates $64 DANIEL VANCHIERI daniel.vanchieri@svn.com 312.756.7337
- 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/SF SVN | The Equity Group FOR SALE | RETAIL | 6360-6480 W FLAMINGO ROAD | LAS VEGAS, NV $15,975,000 $319,500 54,949 SF ○ Recent price reduction 6.78% Cap ($1,083,417 year 1 NOI) ○ Occupancy: 96% ○ Improvements to landscaping, parking lot slurry/re-stripe, exterior paint, and elastomeric roof coating completed in 2019 ○ Zoning C-2 (General Commercial) ○ Located on W. Flamingo Road approximately 3 miles from the world famous Las Vegas “Strip” with over 890 feet of frontage providing tenants with excellent street exposure $291 ERIC ROGOSCH eric.rogosch@svn.com 702.527.5313 JASON PARK jason.park@svn.com 702.527.5188
- 26. www.SVN.com Events & Webinars THURSDAY DECEMBER 15 Retail Product Council Meeting 10:00 AM PT | 1:00 PM ET Date: December 12-17, 2022
- 27. THANK YOU for joining us!
- 28. 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.