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SVN Live 8.22.22 Weekly Property Broadcast

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Weekly
Property
Broadcast
August 22, 2022

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www.SVN.com
Economic
Updates
Provided by

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www.SVN.com
Economic
Updates
Provided by
○ Quarterly transaction volumes averaged across all
commercial real estate proper...

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SVN Live 8.22.22 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 8.22.22 Weekly Property Broadcast

  1. 1. Weekly Property Broadcast August 22, 2022
  2. 2. www.SVN.com Economic Updates Provided by
  3. 3. www.SVN.com Economic Updates Provided by ○ Quarterly transaction volumes averaged across all commercial real estate property types rose in Q2 2022 to $190 Billion, up by $5 Billion from the previous quarter and up 17% year-over-year. Transaction volume year-to-date is roughly 38% above the total volume registered in 2021. ○ On a year-over-year basis, Apartment and Retail transactions represent the bulk of the increase in activity. Retail led all sectors with a 46% year-over-year increase in transaction volume; however, current growth in retail activity is dwarfed compared to the triple-digit increases seen throughout the early parts of the pandemic recovery. Still, on a quarter-over-quarter basis, Retail transactions ticked up marginally. Meanwhile, Apartment transactions rose by $18 Billion in Q2 2022 and are up 42% year-over-year. ○ Industrial volume rose 8% year-over-year through Q2 2022 but declined by roughly $4 Billion quarter-over- quarter. The annual increase in volume was pushed by a rise in Warehouse demand, while flex space transactions remained unchanged. Investment Volumes
  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 Lease Value Lease Terms Size $1,017,825 5 years 9,930 SF OFFICE | 120 PROSPEROUS PLACE | LEXINGTON, KY ○ Took over leasing of this property at 50% occupancy and are now approaching 86% occupancy ○ Leased to a tenant occupying a building down the street with a landlord that was not servicing the property well. (take care of your tenants) ○ Several co-brokered transactions have lead to the repositioning of this asset which will soon be marketed for sale JOHN BUNCH, SIOR john.bunch@svn.com 859.306.0602 SVN | Stone Commercial Real Estate
  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 $1,600,000 8,000 SF $200 INDUSTRIAL | 4020 NE 5TH TERRACE | OAKLAND PARK, FL ○ 62 year old, Class ‘C’ warehouse ○ Value add, three bay warehouse SVN | Commercial Realty STEVE DAVIS steve@svncr.com 954.650.7824 KEITH KIDWELL, CCIM, SIOR keith@svncr.com 954.234.8777 LES BYRON, CCIM, SIOR les@svncr.com 954.401.4713
  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 No. of Units Price/Unit Cap $2,505,000 8 units $313,125 MULTIFAMILY | 2315 MARINA BOULEVARD | SAN LEANDRO, CA ○ Large 16,336 sq. ft. lot ○ Potential for multiple ADU's to be built on lot ○ Stabilized Bay Area asset with upside in rents SVN | Capital West Partners SEAN DINH sean.dinh@svn.com 510.846.4649 4.6%
  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/SF $3,800,000 12,450 SF $305 RETAIL | 521 ROUTE 130 | EAST WINDSOR, NJ ○ Prime highway commercial retail opportunity ○ 3.2 ± acres, 12,450 ± square foot building ○ Over 250 feet of highway frontage, excellent signage opportunity ○ Amenities rich neighborhood ○ Ideally located for business and consumer access ○ Proximate to densely populated residential neighborhoods, quality demographic profile ○ Commutable proximity to/from Princeton, New Jersey Shore, New York and Philadelphia 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
  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 $10,900,000 88,413 SF $123 HEALTHCARE | 900 S MAIN ST & 760 S WASHBURN AVE | CORONA, CA ○ Portfolio of two hospital-adjacent medical office buildings ○ High vacancy, value-add properties ○ Multiple offers received at or above asking price BRETT LARSON, JD, CCIM CalDRE #01947115 brett.larson@svn.com 951.532.4713 SVN | Insight Commercial Real Estate Advisors
  10. 10. www.SVN.com Featured Inventory
  11. 11. www.SVN.com Featured Inventory Financial summary Featured inventory Buy-side commission $872,037 $30,961,900
  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 Property Highlights Price Buy Side Fee Size Price/Acre LAND | 16801 JETOMA RD | CONROE, TX $1,200,000 $36,000 3.95 acres ○ Property is a 3.95 acre parcel located within one mile of Interstate 45 on Highway 242. ○ Partially stabilized land ○ Major medical facilities within this area include St. Luke's Hospital, Texas Children's Hospital, Houston Methodist Hospital, MD Anderson Cancer Hospital and Memorial Hermann The Woodlands Medical Center $303,797 BRIGHAM HEDGES brigham.hedges@svn.com 936.522.6972 SVN | J. Beard Real Estate Company - Greater Houston
  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 Property Highlights Price Buy Side Fee Size Price/SF HOSPITALITY | HISTORIC WASHINGTON INN & TAVERN 1744 | PRINCESS ANNE, MD $1,200,000 $36,000 6,750 SF ○ 10 guest suites all with en suite bathrooms ○ Fully operational ○ Full service restaurant & bar ○ Fully renovated ○ All equipment & furnishings included $178 FLO BROTZMAN flo.brotzman@svn.com 410.543.2419 HENRY HANNA henry.hanna@svn.com 410.543.2420 WESLEY COX wesley.cox@svn.com 410.543.2421 SVN | Miller Commercial Real Estate
  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 Property Highlights Price Buy Side Fee Size Price/SF OFFICE | 721 E MADISON STREET | VILLA PARK, IL $1,499,900 $41,247 16,000 SF ○ Highly visible directly off IL Route 83 with access off of a lighted intersection immediately north of the Walmart Supercenter ○ Located just 19 miles west of Downtown Chicago ○ Owner/user opportunity or can be purchased as a multi-tenant value-add investment ○ One tenant in the building that can remain, or vacate ○ Well maintained building, no deferred maintenance ○ Building signage available $94 JENNIFER HOPKINS jennifer.hopkins@svn.com 312.676.1865 OLIVIA CZYZYNSKI olivia.czyzynski@svn.com 312.676.1862 NATHALIE FISHER nfisher@svn.com 312.414.0602 SVN | Chicago 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 Property Highlights Price Buy Side Fee Size Price/SF OFFICE | 18 S MICHIGAN AVENUE, SUITE 1100 | CHICAGO, IL $2,299,000 $57,475 8,889 SF ○ Highly desirable move-in ready Michigan Avenue office condo available for sale fronting Millennium Park with unobstructed Lake Michigan views ○ Full 11th floor (8,889 SF) with excellent natural light due to windows on 3-sides of the property ○ Building designed by world famous architect Louis Sullivan built in 1898 ○ Fully renovated with all the new plumbing, electrical and mechanicals in 2008 $259 DEENA ZIMMERMAN dzimmerman@svn.com 312.756.7336 ADAM THOMAS adam.thomas@svn.com 847.219.6383 LOGAN PARSONS logan.parsons@svn.com 312.756.8446 CHAD SCHROEDL chad.schroedl@svn.com 312.756.7329 SVN | Chicago Commercial
  16. 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 Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap $6,263,000 $31,315 25 units 4.32% ○ Visit www.SFRhub.com and search for portfolio 101093 for more information ○ This portfolio can be purchased with similar sized portfolios locally and are all available as part of a larger rental portfolio of 351 homes ○ 3.75% assumable financing available ○ Bulk scale opportunity or selective purchase option on assumable loan packages ○ The builder can’t build fast enough to keep up with leasing demand ○ All fee simple single-family homes SFR PORTFOLIO | 25 HOME SFR INVESTMENT PORTFOLIO | SOCAL/IMPERIAL COUNTY, CA $250,520 SVN | SFRhub Advisors MICHAEL FINCH michael.finch@svn.com 480.797.9825 TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 SVN | Vanguard JOE BONIN 00801397 joe.bonin@svn.com 619.442.9200
  17. 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 Property Highlights Price Buy Side Fee Size Price/Acre Cap HEALTHCARE | 121-181 NE 102ND AVE | PORTLAND, OR $8,500,000 $170,000 4.49 acres ○ 6.2% Cap based on actuals - additional leases pending ○ Leasing vacancies would add $200,000 NOI for an 8.6% Cap ○ At constant 6.2% Cap, leased up value is $11.77M ○ Completed capital projects include paint, roofs, pavement ○ 52,840 sf on 4.49 ac ○ Flexible zoning: CXd 6.2% CLIFF HOCKLEY cliff.hockley@svn.com 503.222.3800 JIM WIERSON II jim.wierson@svn.com 503.969.9596 OLESYA PROKHOROVA olesya.prokhorova@svn.com 503.459.4347 SVN | Bluestone $1,893,096
  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/Acre LAND | PHASE III FINAL SALE BANKRUPTCY AUCTION | NEW MEXICO $10,000,000 $500,000 40 acres ○ Multiple sites, 44+ properties in 7 New Mexico counties ○ Mostly land ○ Mission building ○ Auction properties $250,000 SVN | Auction Services LOUIS FISHER, CAI fisherl@svn.com 954.931.0592 SVN | Gilmore Auction & Realty Co. DAVID GILMORE, CCIM CAI AARE gilmored@svn.com 504.228.6606 SVN | Walt Arnold Commercial Brokerage, Inc. WALT ARNOLD, CCIM, SIOR walt.arnold@svn.com 505.256/1255 LARRY ILFELD, CCIM, ALC ilfeld@svn.com 505.265.4401
  19. 19. www.SVN.com Events & Webinars TUESDAY AUGUST 23 SVN Play 11:00 PM PT | 2:00 PM ET WEDNESDAY AUGUST 24 SFR Council Meeting 8:30 AM PT | 11:30 AM ET THURSDAY AUGUST 25 Multifamily Council Meeting 9:00 AM PT | 12:00 PM ET THURSDAY AUGUST 25 Industrial Product Council Meeting 10:00 AM PT | 1:00 PM ET FRIDAY AUGUST 26 SVN Marinas Council Meeting 8:00 AM PT | 11:00 AM ET Date: August 22-27, 2022
  20. 20. THANK YOU for joining us!
  21. 21. 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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