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SVN Live 6.21.21 Weekly Property Broadcast

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SVN Live 6.21.21 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 6.21.21 Weekly Property Broadcast

  1. 1. WEEKLY PROPERTY BROADCAST June 21, 2021
  2. 2. ECONOMIC UPDATES
  3. 3. www.svn.com PAGE | SELF STORAGE ● According to a recent analysis by Yardi Matrix, self-storage soared during the 2011-2020 period, with over 295M square feet in inventory added to the market, accounting for roughly 20% of all existing inventory in the U.S. ● Multifamily development helped spur the boom in self-storage, with both hitting a peak in 2018. Even as apartment development slowed- down during the latter years of the decade, self-storage continued to grow more rapidly as renters increasingly prioritized location over space, leading to sustained demand in the sector. ● As the pandemic raged in 2020, self-storage remained a relatively safe corner of commercial real estate. Demand from renters moving out of urban centers and looking for more flexible living situations proved a key driver. Additionally, the emergence of remote work during the pandemic created new demand for storage units as many people suddenly needed more space in their homes. 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 | 505 EAST BLVD | MONTGOMERY, AL SVN | JJ Mottram JOHN MOTTRAM john.mottram@sv n.com 334.356.1771 • Client was seller of property that we purchased for developer client • Relocated business to a prime location • Walked parties through 1031 exchange 1,300,000 1.72 acres 755,813
  6. 6. Sale Price 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. RESTAURANT | 111 GREEN BAY ROAD | WILMETTE, IL SVN | Chicago Commercial JIM MARTIN jmartin@svn.com 312.756.7356 MARCUS SULLIVAN msullivan@svn.co m 312.756.7357 • Cash buyer • 30-day close • Buyer increased their original offer by $210,000 1,310,000 5,400 SF
  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. INDUSTRIAL | 2050 AIRWAY AVENUE | FORT COLLINS, CO SVN | Denver Commercial JERRY CHILSON jerry.chilson@svn. com 970.488.3179 • Owner-user • Cash deal • 3-week close • Located in North Fort Collins in unincorporated Larimer County • Outdoor storage 1,635,000 17,724 SF 92.24
  8. 8. 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. INDUSTRIAL | 3141 SW 10th STREET | POMPANO BEACH, FL SVN | Commercial Realty LES BYRON, CCIM, SIOR les@svncr.com 954.401.4713 KEITH KIDWELL, SIOR, CCIM keith@svncr.com 954.234.8777 STEVE DAVIS steve@svncr.com 954.650.7824 7,600,000 96,000 SF 7 years • Represented unique wholesale in a $7,600,000, 7-year 96,000 SF lease • Tenant manufactures window blinds and coverings for residential and commercial buildings • We had to compete with Amazon who is leasing every building in town!
  9. 9. www.svn.com PAGE | FEATURED INVENTORY: +/- $55,149,750 BUY-SIDE COMMISSION: +/- $977,492 FEATURED INVENTORY FINANCIAL SUMMARY
  10. 10. 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 | 4897 MULATTO BAYOU DRIVE | MILTON, FL SVN | Southland Commercial LISA BRADLEY lbradley@svn.com 850.712.2232 • New reduced price • Over 1,600 feet of waterfront • Zoned R1 & RR1 • Close to I-10, shopping & services • Breathtaking views 1,200,000 2% 34.9 acres 34,383.95
  11. 11. 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. OFFICE | 2841 RIVIERA DRIVE | FAIRLAWN, 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 • Ideal owner-user multi-tenant opportunity in high demand office market • Gorgeous brick 2-story (w/ lower level) building viewable from high traffic West Market Street • Close to plenty of restaurants, retail, parks and amenities • Located just one minute from I-77 • Excellent condition; many recent improvements 1,300,000 3% 15,036 SF 86.46
  12. 12. Price $ Buy Side Fee $ Properties Cap Rate 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 | ROSEVILLE, MI SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 480.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | Property Investment Advisors ROBERT PLISKA, CRE, CPA, MBA robert.pliska@svn.com 248.433.1400 • For more information visit www.SFRhub.com and search for portfolio 100212 • Fully occupied • Rental rates throughout the portfolio are 5% below market rates • The average price per home in this portfolio is at a hot $112,500 • Renters occupy over 37% of Roseville’s single-family housing market 1,350,000 27,000 12 6.78%
  13. 13. Initial Bid Online Auction Dates Buy Side Fee Property 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 | NE CORNER OF HWY 9 & 2770 W | HURRICANE, UT SVN | Auction Services DAVID GILMORE, CCIM, CAI, AARE david.gilmore@svn.com 504.228.6606 LOUIS FISHER III, CAI fisherl@svn.com 954.931.0592 SVN | Alta Commercial CHET BARBER chet.barber@svn.com 801.628.9178 TIA SHIM, ESQ. tia.shim@svn.com 801.508.2881 • Government-owned real estate auction Utah Dept. of Transportation • 2 parcels with total size: 7.74 acres • RVMH/Commercial Zone • High visibility parcels; right off SR9 Southern Parkway • Great development opportunity for tourist related amenities such as RV park, hotels, restaurants, etc. • Fast growing tourist attraction area • For more info, please visit: https://www.UDOTAuctions.utah.gov $1,800,000 2% 7.74 acres July 13-20, 2021
  14. 14. Initial Bid Online Auction Dates Buy Side Fee Property 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 | 6485 W 5400 S | WEST VALLEY CITY, UT SVN | Auction Services DAVID GILMORE, CCIM, CAI, AARE david.gilmore@svn.com 504.228.6606 LOUIS FISHER III, CAI fisherl@svn.com 954.931.0592 SVN | Alta Commercial CHET BARBER chet.barber@svn.com 801.628.9178 TIA SHIM, ESQ. tia.shim@svn.com 801.508.2881 • Government-owned real estate auction Utah Dept. of Transportation • 2 parcels total 26.82 acres (1,168,279 SF) • M (Manufacturing) zoning • Excellent opportunity for development in a great location • Property has maximum visibility located adjacent to the Mountain View Corridor • Online site: www.UDOTAuctions.Utah.gov 4,900,000 July 13-20, 2021 2% 26.82 acres
  15. 15. Price $ Buy Side Fee $ Size Price /Acre $ 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. INDUSTRIAL | 13521 E TRENT AVE | SPOKANE VALLEY, WA SVN | Cornerstone MACK SMITH mack.smith@svn.com 509.530.8509 • 4.06 acres of graveled and fenced industrial mixed use land • 2,250 square foot office building accessible from the parking lot • 2,400 square foot warehouse/garage with two overhead doors • Sale leaseback with 5 year lease and another 5 year option • $10,000/MO/NNN • Flexible Industrial Mixed Use zoning allows for Office, Retail and Industrial uses • Two miles west of Amazon's new GEG2 distribution center 2,000,000 3% 4.06 acres 492,610 6%
  16. 16. 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. INDUSTRIAL | 2806 N. 24TH STREET | PHOENIX, AZ SVN | Desert Commercial Advisors ELIJAH STEVENS elijah.stevens@svn.com 480.425.5513 JONATHAN LEVY jonathan.levy@svn.com 480.425.5538 2,250,000 • Rare freestanding infill warehouse/office building for sale • Over 15,000 SF available • Approx. 5,000 SF of office and 10,300 SF of warehouse masonry • Construction grade level roll up door truckwell w/ loading dock • Fully air conditioned office and warehouse • 42 designated parking spaces • Additional gated fenced parking lot on west side of building • Convenient access to 4 major freeways 3% 15,300 SF
  17. 17. 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. OFFICE-FULL SERVICE/GROSS | 1500 W. 4th ST; 787 LEXINGTON AVE; 2230 VILLAGE MALL DR; 26-28 PARK AVE WEST | MANSFIELD, OH SVN | Wilson Commercial Group DOUG WILSON doug.wilson@svn.com 614.206.3881 • All assets are in excellent condition • All properties are good exchange candidates • Occupancy is near 100% for three of the assets • The 12 story CBD office has about 35% vacancy/upside opportunity • The High Rise office property is a historical and prestigious gem, built in 1928 • The asset may also be a candidate or residential conversion • Seller transitioning to semi-retirement • All four assets are in excellent condition 3,249,750 3% 91,387 SF 35.56 8.07%
  18. 18. 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 | 5365 MAE ANNE AVENUE | RENO, NV SVN | Gold Dust Commercial Associates JACK BROWER, CCIM browerj@svn.com 775.721.7023 CASEY PROSTINAK cprostinak@svn.com 775.813.2866 10,500,000 • Stabilized center in the heart of northwest Reno • Currently 96% occupied with 34 tenants providing a staggered lease expiration schedule • Diverse mix of tenants with professional office and retail users • Property includes a cell antenna leased to Sprint Nextel providing an additional source of revenue • All retail leases are NNN 2.5% 50,696 SF 6.29% 207.11
  19. 19. Price $ Buy Side Fee $ No. of Units Price /Unit $ 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. MULTIFAMILY | 2311 W. WILLOW KNOLLS DRIVE | PEORIA, IL SVN | Chicago Commercial REID BENNETT, CCIM reid.bennett@svn.com 773.251.7342 CODY DORAN cody.doran@svn.com 309.235.0995 26,600,000 • Mostly constructed between 2011-2020 • Almost 90% 2 bedroom units • Located in highest income areas of the market ($100K avg.) 1% 233 114,163.09
  20. 20. www.svn.com PAGE | June 21st- June 27th, 2021 EVENTS & WEBINARS TUESDAY JUNE 22 Self Storage Council Meeting 8:30am PT | 11:30 am ET THURSDAY JUNE 24 SFR Product Council Meeting 8:30 am PT | 11:30am pm ET
  21. 21. 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 6.14
  • STB 6.16
  • Approved 6.17
  • Approved 6.17
  • Approved 6.17
    Lisa Bradley presenting
  • Approved 6.17
    Nichole Booker presenting
  • Approved 6.15
    Bill Radke presenting
  • Approved 6.15
    David Gilmore presenting
  • Approved 6.15
    David Gilmore presenting
  • Approved 6.14
    Mack Smith presenting
  • Approved 6.14
    Elijah Stevens presenting
  • Approved 6.16
    Doug Wilson presenting
  • Approved 6.14
    Casey Prostinak presenting
  • Approved 6.17
    Reid Bennett presenting

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