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SVN Live 8.29.22 Weekly Property Broadcast

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Weekly
Property
Broadcast
August 29, 2022

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www.SVN.com
Economic
Updates
Provided by

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www.SVN.com
Economic
Updates
Provided by
○ Commercial real estate prices climbed by 16.8% year-
over-year through July, ac...

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SVN Live 8.29.22 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 8.29.22 Weekly Property Broadcast

  1. 1. Weekly Property Broadcast August 29, 2022
  2. 2. www.SVN.com Economic Updates Provided by
  3. 3. www.SVN.com Economic Updates Provided by ○ Commercial real estate prices climbed by 16.8% year- over-year through July, according to the latest data from MSCI RCA’s All-Property index. The index rose by 0.9% month- over-month. ○ July’s pace of growth remained strong but was the second consecutive month where growth decelerated. Annual growth in commercial real estate properties reached a record 19.5% year-over-year in May. ○ Industrial continued to outpace all other property types in quarterly and annual growth rates, climbing by 1.2% and 24.4%, respectively. July marked the tenth consecutive month of above-20% year-over-year growth for the sector; however, it is down from the nearly 27% annual growth registered earlier this year. ○ Apartments registered the second highest annual growth in July but slipped from the previous month, falling to 20.9. ○ Annual growth in Retail climbed 17.7%, down 1.0% from June but still significantly above it’s historical average. ○ Suburban office slowed to 7.8% year-over-year, while CBD office also slowed to 7.7%. MSCI RCA Commercial Property Price Index
  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 $1,000,000 60,806 SF $16 OTHER | 237-243 FURNACE STREET | AKRON, OH ○ Mixed-use, partially renovated historic warehouse complex ○ SVN Summit worked on the disposition of the asset on behalf of the bankruptcy court ○ Received competing offers ○ Achieved a price 30% higher than the minimum target NICHOLE BOOKER, PHD nichole.booker@svn.com 330.475.5500 SVN | Summit Commercial Real Estate Advisors
  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 No. of Units Price/Unit $1,200,000 7 units $171,429 MULTIFAMILY | 2037 W 19TH STREET | CHICAGO, IL ○ Fully renovated 7-unit ○ Minutes to CTA Pink Line | 15 minutes to the loop ○ On-site laundry & storage lockers ○ Fully occupied | 7.61% cap rate ○ Loan assumption | 4.87%, fully amortizing 30-year term PAUL CAWTHON paul.cawthon@svn.com 312.676.1878 ANGELO LABRIOLA angelo.labriola@svn.com 312.676.1870 SVN | Chicago Commercial
  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 CARRICK SEARS, CCIM, MBA carrick.sears@svn.com 480.425.5529 SVN | Desert Commercial Advisors $1,686,100 18 units $93,672 HOSPITALITY | GYM CLUB SUITES | BISBEE, AZ ○ Built in 1903 as a YMCA for booming mining town in Southeast AZ ○ Converted into apartments in 1986, and furnished as hotel suites in 2007 ○ One, two, and three bedrooms suites average 810 SF ○ Moderate deferred maintenance and outdated furnishings ○ Purchased for personal investment in 1031 Exchange 9.4%
  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 Cap FRANK EFIRD frank.efird@svn.com 910.200.0003 SVN | Efird Commercial Real Estate $1,945,000 9,100 SF $214 RETAIL | 2847 BOULDERCREST ROAD | ELLENWOOD, GA ○ The SVN® Difference full circle ○ Listed & SOLD in conjunction with Justin Toomey as GA Broker of Record 5.67% JUSTIN TOOMEY justin.toomey@svn.com 251.680.3663 SVN | Toomey Property Advisors
  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 $2,500,000 6,248 SF $400 INDUSTRIAL | 1404 NE 4TH AVENUE | FORT LAUDERDALE, FL ○ Former “Davis Do it Yourself Plumbing” hardware store closes after 70 years in business ○ Retail building with apartment on 2nd floor includes a ½ acre of additional land ○ Buyer plans to develop townhomes on additional land 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
  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 Sale Price Size Price/Acre $3,000,000 113 acres $26,549 OTHER | 8217 COUNTY FAIR LANE | RUTHER GLEN, VA ○ Fully operational baseball & sports complex ○ 40,000 SF fieldhouse ready to host baseball, basketball, and volleyball tournaments, camps or clinics ○ Four full sized & four youth sized lighted baseball fields ○ Two 360 degree observation towers, both with full commercial kitchens for concessions SVN | Motleys HERMANN KREBS hermann.krebs@svn.com 804.514.1087
  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/SF Cap $3,300,000 10,717 SF $308 SINGLE TENANT INVESTMENT | 917 E SAN JOAQUIN | AVENAL, CA ○ Repeat buyer ○ His third Dollar General ○ Closed on the 177th day of his exchange ○ All cash MARK HAWORTH haworthm@svn.com 805.644.6700 SVN | Rich Investment Real Estate Partners 4.77%
  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 $3,700,000 5,409 SF $684 RESTAURANT | 4817 SE DIXIE HWY | STUART, FL ○ Multiple offers ○ Confirms that good books records and waterfront = a sale ○ Even with SBA financing issues and encroachment onto the dock, we figured out how to get it done ○ Rob Hamman and David Kendall’s third Waterfront Restaurant Sale ROBERT HAMMAN robert.hamman@svn.com 561.346.2310 DAVID KENDALL david.kendall@svn.com 561.723.8463 SVN | Florida Commercial Real Estate Advisors
  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/SF $5,768,888 73,336 SF $79 MULTIFAMILY | 701 ELMWOOD DRIVE AND 101 HEARTHWOOD DRIVE | SPARTA, TN ○ 12 multifamily residence buildings ○ 72 two bedroom units BRIAN TRUMAN brian.truman@svn.com 615.260.2121 SVN | Accel 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 Transaction Highlights Sale Price No. of Units Price/Unit $12,400,000 85 homes $145,882 MULTIFAMILY | 1300 WINDFLOWER STREET | PEKIN, IL ○ Sold for almost half a million over list price ○ Set a new sales record for the Pekin Market ○ Largest SFR portfolio sold in the market REID BENNETT, CCIM reid.bennett@svn.com 773.251.7342 CODY DORAN cody.doran@svn.com 309.235.0995 SVN | Chicago Commercial
  15. 15. www.SVN.com Featured Inventory
  16. 16. www.SVN.com Featured Inventory Financial summary Featured inventory Buy-side commission $743,457 $39,255,400
  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 No. of Units Price/Unit Cap MULTIFAMILY | 1706 S CARPENTER ST | CHICAGO, IL $1,175,000 $23,500 5 units ○ Rehabbed 5 unit in the heart of Pilsen ○ Condo quality finishes ○ Fully occupied ○ 2 garage spaces in rear ○ On-site laundry PAUL CAWTHON paul.cawthon@svn.com 312.676.1878 ANGELO LABRIOLA angelo.labriola@svn.com 312.676.1870 SVN | Chicago Commercial $235,000
  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 No. of Units Price/Unit Cap MULTIFAMILY | 1711 S CARPENTER ST | CHICAGO, IL $1,675,000 $33,500 7 units ○ Rehabbed 7 unit in the heart of Pilsen ○ Condo quality finishes ○ Fully occupied ○ 2 garage spaces + 1 exterior space ○ On-site laundry in full basement + storage area PAUL CAWTHON paul.cawthon@svn.com 312.676.1878 ANGELO LABRIOLA angelo.labriola@svn.com 312.676.1870 SVN | Chicago Commercial $239,286
  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 HOSPITALITY SITE | 6563 US HIGHWAY 49 | HATTIESBURG, MS $1,575,000 $47,250 196,875 SF ○ Hospitality site (vacant land), located in Hattiesburg, MS at the intersection of US Highway 49 and I-59, gateway to the Hattiesburg, MSA ○ Within minutes of all of the top demand generators in the market ○ Superior site visibility $8 GREG BRETT gbrett@svn.com 601.264.4622 CHAMBERLAN CAROTHERS, CCIM, CPM ccarothers@svn.com 601.264.4622 SVN | Southgate Realty, LLC
  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 MULTIFAMILY | 6949 S MERRILL AVENUE | CHICAGO, IL $2,800,000 $56,000 31 units ○ Renovated 31-unit multifamily ○ Large floor plans ○ Strong in-place rental income ○ Desirable location 7.5% JEFF BAASCH jeffrey.baasch@svn.com 312.286.0141 JOE CONNELLY joseph.connelly@svn.com 312.414.0428 SVN | Chicago Commercial $90,323
  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 Size Price/SF OTHER | 245 STATE HIGHWAY 11 | WILLIAMS, MN $6,850,000 $205,500 10,000 SF ○ Four entities included in the sale: two long-haul trucking businesses, a high-tech service station, and a freight brokerage business ○ 9.5% Cap Rate - Has had 3 straight years of significant growth ○ Includes: retail, office and service buildings, and 4.58 acres of outdoor trailer storage ○ Businesses transport freight to 48 states and 3 Canadian provinces ○ Major clients include Marvin Windows and Polaris $685 FRANK JERMUSEK frank.jermusek@svn.com 952.820.1615 EDWARD RUPP edward.rupp@svn.com 952.820.1634 EMILIA MOLLE emilia.molle@svn.com 952.820.1618 SVN | Northco
  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/Acre RESTAURANT | 2092 PA-611 | SWIFTWATER, PA $7,000,000 $210,000 5 acres ○ 17,000 sq. ft. craft brewery & restaurant ○ 90 room Marriott approved hotel site ○ Additional beer and wine licenses ○ $2.2mm in annual revenue ○ $400K NOI $1,400,000 GREGG MARZANO gregg.marzano@svn.com 610.248.4389 RAY STARNER ray.starner@svn.com 570.242.4344 STEVE WILSON steve.wilson@svn.com 610.216.7600 SVN | Imperial Realty
  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/SF Cap RETAIL | 3090 W MAIN ST | ST CHARLES, IL $7,848,700 $117,731 11,959 SF ○ Strong corporate guarantor (Learning Care Group Inc.) operating over 1,050 locations Nationwide ○ Exceptional demographics with an average household income of $144,253 within a 5-mile radius ○ Prime location in 3rd largest U.S. Metro Area | 11 years remaining on NNN Lease with future rent increases $656 TROY MEYER troy.meyer@svn.com 303.217.7008 KEVIN MATTHEWS kevin.matthews@svn.com 480.720.5103 SVN | Denver Commercial 6% MICHAEL THANASOURAS michael.thanasouras@svn.com 312.529.5793 SVN | Chicago Commercial
  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 No. of Units Price/Unit Cap $17,331,700 $259,976 185 units 6.29% ○ Visit www.SFRhub.com and search for portfolio 101157 for more information ○ Portfolio consists of 179 single-family detached homes and 3 duplexes containing 6 units ○ Average home size is 1,072 square feet ○ Mix of two, three and four bedroom homes ○ Homes built between 1925 and 1960 with an average vintage of 1933 ○ Portfolio is professionally managed by a local property management firm SFR PORTFOLIO | 185 HOME SFR INVESTMENT PORTFOLIO | DETROIT, MI $93,685 SVN | SFRhub Advisors TOM JOHNSTON tom.johnston@svn.com 602.825.1780 TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 SVN | Stewart Commercial Group, LLC DAN STEWART dan.stewart@svn.com 734.585.0995
  25. 25. www.SVN.com Events & Webinars THURSDAY SEPTEMBER 1 Healthcare Council Meeting 9:00 AM PT | 12:00 PM ET Date: August 29- September 3, 2022
  26. 26. www.SVN.com Events & Webinars
  27. 27. THANK YOU for joining us!
  28. 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.

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