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SVN Live 8.15.22 Weekly Property Broadcast

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Weekly
Property
Broadcast
August 15, 2022

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www.SVN.com
Economic
Updates
Provided by

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Economic
Updates
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○ A recent market analysis by Prologis projects that an
additional 800 million sq...

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SVN Live 8.15.22 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.

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 8.15.22 Weekly Property Broadcast

  1. 1. Weekly Property Broadcast August 15, 2022
  2. 2. www.SVN.com Economic Updates Provided by
  3. 3. www.SVN.com Economic Updates Provided by ○ A recent market analysis by Prologis projects that an additional 800 million square feet of warehouse space may be needed to handle excess inventories taken on by retailers in recent months. ○ According to a Wall Street Journal summary of the report, many large retailers, including Walmart, Bed Bath & Beyond and Best Buy, have reported dealing with unexpected inventory increases as consumers move away from goods spending due to inflation. Meanwhile, supply-chain bottlenecks continue to force retailers to stretch out buying cycles, incentivizing them to stock shelves earlier in the season than they would have previously, further increasing industrial space demand. ○ Demand so far is growing the most among discount retailers and liquidators. Still, some observers caution against being too bullish. Many retailers are also cutting prices and canceling orders to cope with the excess, a signal that higher demand for space may be unaffordable for some. Surging Retail Inventories
  4. 4. www.SVN.com Closed Transactions
  5. 5. 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 $1,200,000 10,192 SF $118 RETAIL | 120 CARTER BLVD | POLK CITY, FL ○ Diverse tenant mix that is e-commerce proof ○ Located in one of the upcoming cities in Polk County ○ The immediate market has seen immense growth through the innovative and growing Florida Polytechnic University, located just a couple of miles south of the property DAVID HUNGERFORD, CCIM david.hungerford@svn.com 863.660.3138 GARY RALSTON, CCIM, SIOR, CRE, CPM, CRRP, FRICS gary.ralston@svn.com 863.738.2246 AUGIE SCHMIDT augie@svn.com 863.774.7133 SVN | Saunders Ralston Dantzler 6.98
  6. 6. 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 $1,275,000 5,157 SF $247 OFFICE | MESA OFFICE PLAZA - 625 W SOUTHERN AVE | MESA, AZ ○ 7 year sale leaseback ○ NNN Lease ○ 100% occupied as part of the sale leaseback ○ 3% annual increases ○ Seller operates an executive and virtual office business which has been in operation since 2006 6.10% JUSTIN HORWITZ justin.horwitz@svn.com 425.480.5518 RICHARD LEWIS richard.lewis@svn.com 480.425.5536 PAUL BORGESON paul.borgeson@svn.com 480.425.5516 SVN | Desert Commercial Advisors
  7. 7. 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 $1,385,000 277.49 acres $4,991 LAND | NE 92ND AVE | FORT MCCOY, FL ○ 200 acres of mature planted pine with great road access ○ Great timber investment ○ In close proximity to Ocala, Silver Springs, and Ft. McCoy ○ Excellent ranch & rec opportunity DEAN SAUNDERS, ALC, CCIM dean@svn.com 863.774.3522 TONY WALLACE, CF tony.wallace@svn.com 352.505.9274 GREG DRISKELL greg.driskell@svn.com 386.385.7304 DUSTY CALDERON dusty@svn.com 407.329.2079 SVN | Saunders Ralston Dantzler
  8. 8. 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 $1,806,048 679.1 acres $2,659 LAND | OAKY WOODS RD | KATHLEEN, GA ○ Recreational property is located at the heart of the Oaky Woods Wildlife Management Area (WMA) ○ Property borders 25,000 acres of contiguous private and state timberland ○ Diverse habitat with potential to grow Houston County's next record whitetail TOM TUGGLE tom.tuggle@svn.com 478.297.7356 SVN | Saunders Ralston Dantzler
  9. 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 Size Price/SF $2,150,000 5,010 SF $429 INDUSTRIAL | 4811 SW 28TH AVENUE & 2810 GRIFFIN ROAD | DANIA BEACH, FL ○ Contract to close in 22 days, full price, all cash! ○ A religious organization purchased the property to convert it to a church ○ Zoning allows for religious organizations to park on the vacant parcel, all other uses would need to develop it SVN | Commercial Realty KEITH KIDWELL, CCIM, SIOR keith@svncr.com 954.234.8777 LES BYRON, CCIM, SIOR les@svncr.com 954.401.4713 STEVE DAVIS steve@svncr.com 954.650.7824
  10. 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 Lease Value Lease Terms Size $2,434,728 10 years 4,964 SF RETAIL | 8416 W DESERT INN RD | LAS VEGAS, NV ○ Tenant : Golden Entertainment dba PT's Gold ○ Stock : GDEN (NASDAQ) ○ Company info: Golden Entertainment is an American gaming company based in Enterprise, Nevada that operates casinos, taverns and slot routes. It is the largest tavern operator and largest slot route operator in Nevada; they own and operate the Stratosphere ZECHARIAH LEVI zech.levi@svn.com 702.527.6280 DANIEL HUANG daniel.huang@svn.com 702.527.7691 NOLAN JULSETH-WHITE, CCIM nolan.jwhite@svn.com 702.527.7562 ERIC ROGOSCH eric.rogosch@svn.com 702.527.5313 SVN | The Equity Group
  11. 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/Acre Cap $2,590,000 4.97 acres $521,127 SINGLE TENANT INVESTMENT | 207-209 BAKERS BASIN | LAWRENCEVILLE, NJ ○ Net leased investment opportunity ○ Single tenant investment ○ NNN ground lease ○ Credit Tenant (NYSE: SITE) ○ 6,034 square feet ± (3 buildings), two greenhouses, 4.97 acres ± ○ Future redevelopment opportunity ○ Convenient access to Princeton, New Jersey Shore, New York and Philadelphia 7.6% CHICHI E. AHIA, SIOR chichi.ahia@svn.com 215.757.2500 MONIKA POLAKEVIC, CCIM monika.polakevic@svn.com 215.757.2500 SVN | Ahia Commercial Real Estate
  12. 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/SF Cap HENRY HANNA henry.hanna@svn.com 410.543.2420 FLO BROTZMAN flo.brotzman@svn.com 410.543.2419 SVN | Miller Commercial $2,700,000 49,813 SF $54 INDUSTRIAL | 1700 INDUSTRIAL PARK DRIVE | FEDERALSBURG, MD ○ Federalsburg Industrial Park ○ Opportunity zone ○ Manufacturing facility on 5.5 acres ○ Leased through 4/2023 ○ Buyer originally called to lease 24,000 sq.ft. in another facility 7.11%
  13. 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/Acre $3,100,000 49.5 acres $62,626 LAND | W PIPKIN ROAD AND YATES ROAD | LAKELAND, FL ○ Located in SW Lakeland adjacent to 3,000 new home under development ○ Nearby major employers include Geico, Draken, and the Lakeland Linder Regional Airport RICHARD DEMPSEY, ALC r.dempsey@svn.com 863.774.3548 GREG SMITH greg.smith@svn.com 863.774.3542 SVN | Saunders Ralston Dantzler
  14. 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 Sale Price Size Price/Acre DAVID GILMORE, CCIM CAI AARE gilmored@svn.com 504.228.6606 LOUIS FISHER, III, CAI fisherl@svn.com 954.931.0592 SVN | Auction Services $4,300,000 16.33 acres $263,319 LAND | 5710 S MOUNTAIN VIEW CORRIDOR | WEST VALLEY CITY, UT ○ Online auction ○ Sold for $1,455,000 above reserve ○ Part of a $10,316,300 UDOT Auction ○ Landlocked TIA SHIM, ESQ tia.shim@svn.com 801.508.2881 CHET BARBER chet.barber@svn.com 801.628.9178 SVN | Alta Commercial
  15. 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/Acre BILL REILLY bill.reilly@svn.com 970.566.3481 SVN | Denver Commercial $7,450,000 35.73 $208,508 LAND | NW CORNER OF 148TH AVE AND WASHINGTON ST | THORNTON, CO ○ Centrally located between Denver, Boulder, and the Denver International Airport ○ Frontage on E. Washington St. and has excellent visibility from I-25 ○ Has close proximity to shopping, dining, and other amenities at the Orchard Town Center
  16. 16. www.SVN.com Featured Inventory
  17. 17. www.SVN.com Featured Inventory Financial summary Featured inventory Buy-side commission $ $
  18. 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 Property Highlights Price Buy Side Fee Size Price/SF LAND | 301-321 NE 2ND AVE | DELRAY BEACH, FL Subject to Offer .625% 1.28 acres ○ Opportunity to own irreplaceable real estate in one of the hottest markets in the country ○ Prime redevelopment opportunity with flexible zoning and ability to build up to 54 feet (4 stores) ○ Located on premier intersection in the bustling Pineapple Grove Arts District ○ Surrounded by restaurants, nightlife, hotels, art galleries and entertainment ○ Minutes from renowned Atlantic Ave SVN | Commercial Partners ELON GERBERG elon.gerberg@svn.com 561.485.1129 ADAM KLEIN adam.klein@svn.com 561.282.9296
  19. 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 Property Highlights Price Buy Side Fee Size Price/SF $1,250,000 $31,250 55,520 SF ○ 55,520 SF+- retail on 7.99 acres+- zoned C-2 ○ Value add / deep discount to replacement cost ○ Signalized corner with multiple points of ingress and egress ○ High traffic location near two US highways: US 80 and US 41 ○ One mile to I-75 interchange ○ Two universities in close proximity: Mercer University (±2 miles), Middle Georgia State University (±5 miles) RETAIL | 2411 PIO NONO AVENUE | MACON, GA SVN | Interstate Brokers MATTHEW LEVIN, CCIM levinm@svn.com 770.209.1700 SVN | Hamm & Company ROBERT LEVIN levinr@svn.com 212.866.5858 $23
  20. 20. 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 No. of Units Price/Unit Cap $1,350,000 $40,500 6 units ○ Turn-key stabilized opportunity ○ Excellent location for student housing ○ Upside on rental income ○ Major capital improvements & renovations completed MULTIFAMILY | 1241-1247 33RD ST | DES MOINES, IA SVN | CREATE Commercial Real Estate Advisors BRITTON KLOMSTAD britton.klomstad@svn.com 515.447.1472 $167 $225,000
  21. 21. 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 No. of Units Price/Unit Cap SVN | Chicago Commercial MULTIFAMILY | 1124 N LAWLER AVENUE | CHICAGO, IL $1,900,000 $52,225 24 units ○ Major capital improvements ○ Great unit mix ○ Strong in place rents 9% JOE CONNELLY joseph.connelly@svn.com 312.414.0428 JEFF BAASCH jeffrey.baasch 312.676.1873 $79,167
  22. 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 OTHER | 2054 W CHICAGO AVE | CHICAGO, IL $1,900,000 $21,375 6,498 SF ○ Beautifully renovated ○ Great neighborhood ○ Strong in place rents $292 SVN | Chicago Commercial JOE CONNELLY joseph.connelly@svn.com 312.414.0428 JEFF BAASCH jeffrey.baasch 312.676.1873
  23. 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/Acre SELF STORAGE | 2540 S GRAND TRAVERSE STREET | FLINT, MI $2,250,000 $67,500 3.89 acres ○ 3 mile population density of 70,000 people ○ Property consists of 8 buildings: 4 storage buildings, 3 warehouses for conversion or indoor parking, and a 2-story office building ○ Pro-forma gross income $300,000 SVN | Wilson Commercial KRISTEN ASMAN kristen.asman@svn.com 614.370.9077 SVN | Ascension Commercial Realty DOUGLAS WRIGHT, CCIM doug.wright@svn.com 419.276.1236 SVN | Commercial Advisory Group MARY O’MALLEY mary.omalley@svn.com 941.960.6342
  24. 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 INDUSTRIAL | 13249 LANKFORD HIGHWAY | MAPPSVILLE, VA $4,999,999 $150,000 150,000 SF ○ Nasa Launch Facility and new Rocket Lab facility ○ Manufacturing/warehouse facility on 71 acres ○ 6 docks with room for expansion ○ 70 acres ○ Wastewater capacity 260,000 gallons per day $33 HENRY HANNA henry.hanna@svn.com 410.543.2420 FLO BROTZMAN flo.brotzman@svn.com 410.543.2419 WESLEY COX wesley.cox@svn.com 410.543.2421 SVN | Miller Commercial
  25. 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 No. of Units Price/Unit Cap $7,950,000 $79,500 85 units 7.42% ○ Visit www.SFRhub.com and search for portfolio 101166 for more information ○ 77 single-family detached homes, 6 duplex units, and 2 condos ○ Average home size of 1,317 square feet ○ Self-managed staff member willing to continue with the new owner ○ The average home vintage is 1962 ○ A mix of two, three, four, and five-bedroom homes ○ Georgia Broker of Record: Gary Martin (Gary Martin & Associates LLC) SFR PORTFOLIO | 85 HOME SFR INVESTMENT PORTFOLIO | ALBANY, GA $93,529 SVN | SFRhub Advisors TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 TOM JOHNSTON tom.johnston@svn.com 602.825.1780
  26. 26. 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 No. of Units Price/Unit Cap $8,500,000 $95,625 41 units 6.71% ○ Visit www.SFRhub.com and search for portfolio 101129 for more information ○ All 41 homes are single family detached ○ Asset mix offers two, three, and four bedroom floor plans ○ All homes are fully remodeled and in practically brand-new condition ○ Currently, 100% occupied with fully qualified tenants ○ Little to no Cap-Ex or R&M with fully renovated portfolio SFR PORTFOLIO | 41 HOME SFR INVESTMENT PORTFOLIO | DETROIT, MI $207,317 SVN | SFRhub Advisors TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 SVN | Stewart Commercial Group, LLC DAN STEWART dan.stewart@svn.com 734.662.5097
  27. 27. www.SVN.com Events & Webinars WEDNESDAY AUGUST 17 Hospitality Product Council 12:00 PM PT | 3:00 PM ET FRIDAY AUGUST 19 SVN Marinas Council Meeting 8:00 AM PT | 11:00 AM ET Date: August 15-20, 2022
  28. 28. THANK YOU for joining us!
  29. 29. 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.

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