SVN Live 3.18.24 Weekly Property Broadcast

W E E K L Y
P R O P E R T Y
B R O A D C A S T
DATE
dsafsdfd
March 18, 2024

W W W . S V N . C O M
E C O N O M I C
U P D A T E S
P R O V I D E D B Y

E C O N O M I C
U P D A T E S
P R O V I D E D B Y
● Equity capital availability remains high, but winning
and approving deals remain challenging. Private
liquidity is plentiful, but matching investor
preferences and yield opportunity remains
challenging.
● Asset class sentiment is in line with the prevailing
story, with multifamily and industrial dominating
investor attention while the retail and hotel
landscape remain favorable by most metrics. Office
deals are getting done with much market-by-
market variation, while high-quality build-to-rent
developments continue to draw investor activity.
● Southeast markets continue to lead the charge
nationally, particularly in South Florida, North
Carolina, and the Nashville metro.
● Operationally, many CRE operators' concerns
centered around technological hurdles such as
analytics and reporting, cybersecurity, and privacy.
CRE Market Sentiment

C L O S E D TRANSACTIONS

All SVN® offices are independently owned and operated. © 2024
SVN International Corp.
All SVN® offices are independently owned and
operated. © 2024 SVN International Corp.
Sale Price
Size
Price/Acre
PROPERTY DETAILS TRANSACTION HIGHLIGHTS
LAND | S. EISENMAN ROAD | BOISE, ID
$19,744,556
76 acres
$259,797
● Located with access between two major ramps off
of I-84
● Micron World HQ chip manufacturer is adjacent
● Amazon & WinCo distribution centers are adjacent
● Purchased by City of Boise
● The City will be developing a new, drought-proof
water supply for their first recycled water facility
● The city expects to break ground on the new
facility in 2025 and begin full-scale water recycling
operations in 2029
John Hillier
john.hillier@svn.com
509.939.8094
Guy Byrd
guy.byrd@svn.com
509.953.5109
SVN | CORNERSTONE

Sale Price
Size
Price/SF
Cap
RETAIL | 699 FAIRVIEW ROAD | SIMPSONVILLE, SC
$7,550,000
55,598 SF
$136
● Multiple offers
● New 10-year Food Lion renewal
● Outparcel provides the buyer value add
potential
Daniel Holloway
daniel.holloway@svn.com
864.593.6644
Dustin Tenney
dustin.tenney@svn.com
864.905.7226
SVN | BLACKSTREAM
7%

Sale Price
Size
Price/SF
RESTAURANT | 277 SHERIDAN ROAD | KENOSHA, WISCONSIN
$3,500,000
10,092 SF
$347
● Regional Buyer
● Full price offer
● Seller financing
● 70 day due diligence to close
● Operating business with real estate
Nicole Allard
nicole.allard@svn.com
414.416.2803
Rachel Olson
rachel.olson@svn.com
414.745.9933
SVN | HINTZE COMMERCIAL
REAL ESTATE

Sale Price
Size
Price/SF
Cap
OFFICE | 7 WORKS WAY | SOMERSWORTH, NH
$2,950,000
28,626 SF
$103
● Sold to 1031 out-of-state buyer
● Price was reduced to help buyers DSCR
● State of the art medical office building
● Multi-tenanted
● Off of highly trafficked NH 108 in
Somersworth in a medical corridor
● All three floors are ADA
● Property has lots of finishes not common
in other medical buildings
Brian Dano, CCIM
brian.dano@svn.com
603.377.0309
Zeid Haddad
zeid.haddad@svn.com
603.828.2864
SVN | THE MASIELLO GROUP
8.77%

Sale Price
Size
Price/Acre
LAND | 1300 WESLEY STREET | DAYTONA BEACH, FL
$2,650,000
11.5 acres
$230,435
● 11.5+/- acre site located just north of LPGA
Blvd
● The parcel will be the future home of a
107,907 SF self storage and RV/boat
Storage facility
● A 1.89+/- acre outparcel is available for sale
that will be delivered 'Pad Ready' for two
'Flex Space' buildings totaling 19,625 SF
John W. Trost, CCIM
john.trost@svn.com
386.301.4581
SVN | ALLIANCE COMMERCIAL
REAL ESTATE ADVISORS
7%

Sale Price
Size
Price/SF
Cap
OFFICE | 850-860 W 4TH STREET | MANSFIELD, OH
$1,850,000
60,645 SF
$31
● Multiple offers
● Sold over ask with hard money deposit
● 52% occupied
● New ownership hired SVN to lease
remaining space
Brad Weidman
brad.weidman@svn.com
330.466.8550
Jenna Tharp
jenna.tharp@svn.com
231.633.1642
SVN | SUMMIT COMMERCIAL
9.17%

Sale Price
Size
Price/SF
OFFICE | 6510 SHADELAND AVENUE | INDIANAPOLIS, IN
$1,800,000
14,540 SF
$124
● 1031 Exchange property for buyer
● Three-year leaseback negotiated with
Seller
● Buyer intends to occupy property for the
long term
● SVN sold Buyer's previous property in
February
● Located directly along Highway I-465
Wade Wilson
wade.wilson@svn.com
317.863.9271
Jess Lawhead
jess.lawhead@svn.com
317.454.2241
SVN | NORTHERN COMMERCIAL

Lease Value
Lease Terms
Size
INDUSTRIAL LEASE | 3590 WEST PROSPECT ROAD | FORT
LAUDERDALE, FL
$1,331,422
5 years
15,560 SF
● New five (5) year lease with Conti Electric
Corp.
● $16 PSF NNN with 3% annual escalations
● Originated from one LoopNet call from
Conti; Completed one sale and two leases
valued at nearly $10 Million
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
SVN | COMMERCIAL REALTY

Sale Price
Size
Price/SF
Cap
RETAIL | 10003 HWY 7 | GREENUP, KY
$1,278,618
9,100 SF
$140
● Helped source an off-market Dollar
General that was in a price range that
would achieve buyer's needs for a 1031
Exchange
● Repeat seller client
● All cash closing; less than 3 months from
initial contact with buyer to closing
Nathan Dilly
nathan.dilly@svn.com
859.420.5492
SVN | STONE COMMERCIAL
REAL ESTATE
6.8%

Sale Price
Size
Price/SF
RETAIL | 301 NAVARRE STREET | SULPHUR, LA
$1,000,000
1,924 SF
$520
● Dairy Queen franchisee purchased a dark
KFC in Louisiana
● Client is a multi-state QSR operator
● Worked a creative buyout structure
Weston Lockhart
weston.lockhart@svn.com
859.317.3538
Nathan Dilly
nathan.dilly@svn.com
859.420.5492
SVN | STONE COMMERCIAL
REAL ESTATE

Sale Price
Size
Price/SF
OTHER | 333 LIME AVE | LAKE WALES, FL
$1,100,000
13,904 SF
$79
● 3 Buildings, incl. church, single family
home and auxiliary building
● Comprising 13,904 SF on 2.16 acres
Eric Ammon, CCIM
eric.ammon@svn.com
863.602.1001
Craig Morby
craig.morby@svn.com
863.581.0059
David Hitchcock, ALC,
CCIM
david.hitchcock@svn.com
863.557.0082
SVN | SAUNDERS RALSTON
DANTZLER
9.17%

Lease Value
Lease Terms
Size
HEALTHCARE LEASE | 14252 SCHLEISMAN RD. | EASTVALE,
CA
$1,008,536
10 years
2,633 SF
● Tenant reputation: GameDay Men's Health Clinic,
with 50+ nationwide locations, showcases
credibility and success
● Growth potential: A 10-year lease plus two 5-year
options ensures stability and adaptability
● SVN achieved the highest medical office lease
rate in the trade area
Brett Larson, JD, CCIM
01947115
brett.larson@svn.com
951.600.8634
SVN | INSIGHT COMMERCIAL

F E A T U R E D INVENTORY

F I N A N C I A L S U M M A R Y
F E A T U R E D
I N V E N T O R Y
F I N A N C I A L
S U M M A R Y
B U Y - S I D E
C O M M I S S I O N
$977,385+
$807,935,126+

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
OFFICE | 9-BUILDING OFFICE PORTFOLIO | SARASOTA, FL
$76,811,126
N/A
332,811 SF
● Assumable loan at 3.25%
● Well-maintained properties
● Value-add opportunities
● Portfolio within 1 mile radius +/-
● Excellent mix of national, regional and strong
local tenants
$231
6.75%
Gail Bowden
gail.bowden@svn.com
941.223.1525
SVN | COMMERCIAL ADVISORY
GROUP

Price
Buy Side Fee
No. of Units
Price/Unit
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
SFR PORTFOLIO | 34 UNIT PORTFOLIO | CLARKSVILLE, TN & OAK
GROVE, KY
$12,000,000
$240,000
34 units
● 34 single family residences in one of the fastest
growing regions in Tennessee
● Professionally managed and well maintained
● The owner took pride in providing quality housing
to the demanding short term rental audience and
long-term tenants as well
● Robust economic climate with a strong community
feel and highly rated school system
● All homes are in close proximity to the second
largest US Military base known as Ft Campbell
$352,941
1.07%
Lisa Carter
lisa.carter@svn.com
615.788.5319
SVN | ACCEL COMMERCIAL REAL
ESTATE

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL | 234 HARRISON BRIDGE RD | SIMPSONVILLE, SC
$5,562,000
$69,525
8.050 SF
● New construction retail center in Greenville, SC
MSA
● Long term NNN Leases
● Tenants include McAlister's Deli & Another Broken
Egg Cafe
● Surrounding retailers include Culver's, Chick-fil-A,
Lowes, Walmart, Target, and Publix
● High growth market seeing tremendous
residential and commercial development
Daniel Holloway
daniel.holloway@svn.com
864.593.6644
Dustin Tenney
dustin.tenney@svn.com
864.905.7226
SVN | BLACKSTREAM
$691
6.1%

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
OFFICE LEASE | 2020 W MAIN ST | DURHAM, NC
$4,000,000
$120,000
16,747 SF
● Modified Gross Lease
● 49 on-site parking spaces
● One-of-a-kind urban infill location, adjacent to
Erwin Square mixed use development, including
office, Harris Teeter, Panera and many others
● Walking distance to Duke's campus and many
restaurants, bars, and retail amenities
● Duke, a tenant since 2007, provides stability of
income
● Compact Design zoning allows for a variety of uses
Michael Rivard
michael.rivard@svn.com
919.287.3215
Seth Jernigan
seth.jernigan@svn.com
919.287.2121
SVN | REAL ESTATE ASSOCIATES
$239
6.2%

Price
Buy Side Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 448 INDUSTRIAL DRIVE | BRISTOL, TN
$2,825,000
$84,750
50,000 SF
● 50,000 SF
● 6.35 acres
● General Industrial Zoning
● 22' ceiling
● 4 Dock high doors
● 14' roll-up door
● 1,600 SF office
● 28 parking spaces
50,000 SF
18.4%
Matthew Strother
matthew.strother@svn.com
865.309.6272
Taylor Durand
taylor.durand@svn.com
865.776.5662
SVN | WOOD PROPERTIES

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
OFFICE | 255 NH-108 | SOMERSWORTH, NH
$1,985,000
$59,550
15,164 SF
● Recently reduced price
● Consists of three adjoining buildings, each with two
floors
● Prime location in the heart of Somersworth’s
“Medical Mile”
● Ambulatory Surgery Center
● Owner occupant opportunity
● Control Condo Association
$131
7%
Brian Dano, CCIM
brian.dano@svn.com
603.377.0309
Zeid Haddad
zeid.haddad@svn.com
603.828.2864
SVN | THE MASIELLO GROUP

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
OFFICE | 1030 MONARCH ST SUITE 100-206 | LEXINGTON, KY
$1,848,000
$55,440
12,131 SF
● Rare investment opportunity in one of Lexington's
most popular trade areas, Beaumont Centre
● Building signage rights included with purchase
● Extensive renovation in 2022
● Spaces are built out with waiting rooms, reception
areas, sizable private offices and in-suite restrooms
● Percentage of condo association ownership:
55.44%
Wade Haga
wade.haga@svn.com
859.285.2202
SVN | STONE COMMERCIAL REAL
ESTATE
$152
8.05%

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 1922 RD N NE | MOSES LAKE, WA
$1,685,000
$50,550
5,000 SF
● Industrial storage yard situated on ±7 acres
● Located directly in the hub of Moses Lake with
easy access to I-90
● 5,000 square foot steel building with 3 grade doors
● 14,000 square foot greenhouse on a concrete slab
includes a 250 amp service panel of 480 volt power
● Mostly graveled and fully fenced with two (2)
rolling gates
$337
Omar Sadaoui
omar.sadaoui@svn.com
509.601.0695
John Hillier
509.939.8094
SVN | CORNERSTONE

Price
Buy Side Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
LAND | WHEELER RD NE | MOSES LAKE, WA
$950,000-$21,500,000
1.50% - 3.00%
120 acres
● New development opportunity for ± 120 acres of
heavy industrial land
● Located directly in the path of progress of Moses
Lake, WA
● Existing ± 40,000 SF manufacturing facility
● Sub-divisible land in the vicinity of rail and air
freight
● Grant County PUD
● Low-cost hydropower
● Centrally located between Seattle and Spokane,
WA
$337
Omar Sadaoui
omar.sadaoui@svn.com
509.601.0695
John Hillier
509.939.8094
SVN | CORNERSTONE

Price
Buy Side Fee
Size
Price/Acre
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
LAND | BATTLEFIELD PARKWAY | FORT OGLETHORPE, GA
$1,620,000
$48,600
3.6 acres
● Level topography
● Utilities on property
● Located by the #1 Walmart in sales in the
Chattanooga MSA according Placer AI
● Zoned C-3
$450,000
Cage Gary
cage.gary@svn.com
770.335.2672
SVN | SECOND STORY REAL
ESTATE MANAGEMENT

Price
Buy Side Fee
Size
Price/Acre
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
LAND | WALKER INDUSTRIAL | RINGGOLD, GA
$1,375,000
$41,250
5.5 acres
● Industrial zone I-1
● Less than 3.4 miles from I-75
● Gently rolling topo
● 80,000 vehicles per day on I-75
● Approved perk test
$250,000
Cage Gary
cage.gary@svn.com
770.335.2672
Matthew Bonnett
matthew.bonnett@svn.com
423.605.5417
SVN | SECOND STORY REAL
ESTATE MANAGEMENT

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL | 608-610 S BROADWAY | DENVER, CO
$1,500,000
$45,000
3,816 SF
● 2,290 SF of street-level retail | 1,526 SF of 2nd floor
office
● Well maintained with over $140K in upgrades
including new HVAC (2023), roof maintenance
(2023), & main water line repair (2016)
● Fenced-in parking with 12 spaces
● Located directly across from the Broadway Park
Redevelopment (Denver Design Center)
● High volumes of vehicle & pedestrian traffic
● Only a 2 minute drive to reach I-25
$393
Liz Leder
liz.leder@svn.com
720.840.3960
Peter O’Bryan
peter.obryan@svn.com
301.801.4537
SVN | DENVER COMMERCIAL

Lease Rate
Lease Terms
Tenant Rep Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RESTAURANT | 3100 INCA STREET | DENVER, CO
$35 SF/yr (NNN)
Flexible
5%
● Management opportunity for F&B, coworking, and/or
fitness operators
● 3,500 square foot (approximately) restaurant / club
space
● Turnkey with restaurant and bar equipment in place
● Built-in clientele with the ability to host and cater
both intimate and large scale events
● Private elevator entrance provides a sense of
exclusivity
● Expanded role with the property available
3,500 SF
7%
Peter O’Bryan
301.801.4537
Brian McCririe
brian.mccririe@svn.com
303.763.0848

Lease Rate
Lease Terms
Tenant Rep Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL LEASE | 2100 ARAPAHOE STREET | DENVER, CO
$35 SF/yr (NNN)
5-10 years
5%
fitness operators
● 5,375 SF of retail which can be demised
● Benefit from the potential built-in customer base of
the mixed-use property
● Void analysis shows high consumer demand for most
retail categories in the immediate & surrounding
areas
● Explore potential synergies between the ground-floor
retail & the building community
5,375 SF
7%
Peter O’Bryan
301.801.4537
Brian McCririe
303.763.0848

Lease Rate
Lease Terms
Tenant Rep Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL LEASE | 200 W MONROE ST | PHOENIX, AZ
$32 SF/yr (NNN)
5+ years
5%
fitness operators
● 5,135 SF of Grey Shell Retail which can be demised to
fit a range of uses
● Built-in customer base from mixed-use property with
500+ apartment bedrooms
● 94 Walk Score near area attractions including ASU
Downtown Phoenix, Footprint Center, Chase Field &
Roosevelt Row
● Void analysis shows high demand for most retail
categories
5,135 SF
18.4%
Perry Laufenberg
perry.laufenberg@svn.com
480.425.5510
Anthony Ruiz
anthony.ruiz@svn.com
480.425.5531
SVN | DESERT COMMERCIAL
ADVISORS
Brian McCririe, MCR
720.893.2834
Peter O’Bryan
720.696.0621

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL | 1259 ANCHOR LANDING DRIVE | WISCONSIN RAPIDS, WI
$1,495,000
$44,850
5,813 SF
● Popular restaurant & bar with boat slips open
year-round on the Wisconsin River, known for its
scenic beauty and recreational opportunities,
caters to locals & vacationers alike
● 5,813 SF building on 2.14 acres, indoor and
outdoor seating and event space, numerous
capital improvements
● Additionally available is a 0.44 acre lot with 5,000
sf pole building providing multiple opportunities
for growth
$257
18.4%
Frank Jermusek
frank.jermusek@svn.com
952.820.1615
Emilia Molle
emilia.molle@svn.com
952.820.1618
SVN | NORTHCO

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 529 S CENTER STREET | MARION, TX
$1,399,000
$41,970
6,744 SF
● Convenient and easy to identify location between FM
78 and Interstate 10
● Separate paved parking lot for office
● Large yard area for storage, lay-down yard and/or
building expansion
● All utilities available
● Level site with no flood concerns
$207
7%
Steve Rodgers, CPM®,
CCIM
steve.rodgers@svn.com
214.914.1357
Travis Taylor, MAI, CCIM
travis.taylor@svn.com
210.391.4514
SVN | TRADITIONS

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
SINGLE TENANT INVESTMENT | 111 PROFESSIONAL PARK DRIVE |
VICTORIA, TX
$1,285,000
$38,550
5,000 SF
● Primary term expires in May 2026; Two, 5-year
renewal options with 5% escalations
● Triple net lease; landlord only has structural
responsibility
● Well maintained building with substantial interior
renovations and new windows in 2017
● New roof in 2016
● Long-standing tenant with established clientele
210.391.4514
SVN | TRADITIONS
$257
7%

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
OTHER | 100 W HUEBINGER | MARION, TX
$1,245,000
$37,350
10,675 SF
● Great revitalization project as a destination development
● Classic property in the "heart" of Marion
● Encompasses 6 city lots or 3/4 of a city block positioned
between Marion High School and the City Park
● Expansive growth in the area
● Many possibilities for revitalization and/or re-
development
● Easy to re-parcel the lots given the road frontage along
three roadways
● Zoned Commercial
$117
7%
210.391.4514
SVN | TRADITIONS

Price
Buy Side Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
LAND | 0 THONOTOSASSA ROAD | DOVER, FL
Subject to Offer
3%
100 acres
● 100 acres raw land
● Surrounding area starting to boom
development
● Located near I-4- PD zoning allows 1 acre
home sites
● Well water & individual septic tank per lot
$117
7%
Ali Mushtaq
ali.mushtaq@svn.com
407.982.3976
T.C. Chen
chent@svn.com
386.310.7900
SVN | ALLIANCE COMMERCIAL

Lease Rate
Lease Terms
Tenant Rep Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL LEASE | 80-90 NORTH STREET | PARK FOREST, IL
$7.50 SF/yr (NNN)
5-10 years
3%
● +/- 123,600 SF warehouse & office on 7.5 AC
● Build-to-suit redevelopment opportunity
● Prior food production facility with cold storage
● Docks | 3 DID | Fenced yard
● Heavy power (2,000 amp, 3-phase, 480 V)
Karen Kulczycki, CCIM
kkulczycki@svn.com
630.330.3352
SVN | CHICAGO COMMERCIAL
123,600 SF
8.05%

Initial Bid
Online Auction
Date
Buy Side Fee
Property Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
BANK DIRECTED, DISTRESS ESTATE AUCTION | 24 LOTS | GALLIPOLIS, OH
N/A
March 21st - 28th
2%
● Published Reserve Online Auction
● March 21st - 28th
● 4 commercial buildings
● 5 houses
● Development land
● Recreational land
● Agriculture land
471.27 acres
18.4%
Doug Wilson
doug.wilson@svn.com
614.206.3881
SVN | WILSON COMMERCIAL
GROUP
SVN | AUCTION SERVICES
Bill Menish, CAI, AARE
bill.menish@svn.com
502.939.0399

E V E N T S
E V E N T S
& W E B I N A R S
No events next week. See you in Miami!
WEDNESDAY
MARCH 20
BEST PRACTICES WITH JOHN
MCDERMOTT
1:00 PM EST | 10:00 AM PT
March 18-22, 2024

F O R J O I N I N G U S
T H A N K
Y O U

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.

SVN Live 3.18.24 Weekly Property Broadcast

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SVN Live 3.18.24 Weekly Property Broadcast