SVN Live 3.28.22 Weekly Property Broadcast
•Download as PPTX, PDF•
0 likes•153 views
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.
Recommended
More Related Content
Similar to SVN Live 3.28.22 Weekly Property Broadcast
Similar to SVN Live 3.28.22 Weekly Property Broadcast (20)
More from SVN International Corp.
More from SVN International Corp. (20)
Recently uploaded
Recently uploaded (7)
SVN Live 3.28.22 Weekly Property Broadcast
- 3. www.SVN.com Economic Updates Provided by Where there are few direct links between the economic sanctions recently levied against Russian companies and the success of US Commercial Real Estate, there are a few noteworthy changes that may make it more crucial for companies and managers to increase their due diligence: ○ As part of the recent sanctions package, the US Treasury added additional names of people and companies to add to their Office of Foreign Asset Control (OFAC) list. ○ It is already commonplace in CRE transactions for contracts to include language that ensures that an investor is not part of the OFAC list, but as usage and enforcement of the sanctions tools push through the economy, individuals and companies involved in real estate transactions will need to be as careful as ever to avoid potential fines and administrative penalties. ○ Large brokerages who conduct business in Russia have already started to suspend operations in leasing, investment, and property management services, with some extending their suspensions to Belarus. For brokerages with less international exposure, the impact will be slim to none. However, some risk has arisen domestically. POTENTIAL SANCTIONS’ IMPACT ON CRE
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap SVN | Desert Commercial Advisors $1,055,000 2,955 SF $357 OFFICE | 52 E MONTEREY WAY | PHOENIX, AZ ○ Sold 10.5% above asking price ○ Absolute NNN lease | 9 years remaining term ○ Two week escrow | list to close <45 Days ○ All cash 1031 Exchange buyer ○ Over a dozen offers received JUSTIN HORWITZ justin.horwitz@svn.com 480.425.5518 RICHARD LEWIS richard.lewis@svn.com 480.425.5536 PAUL BORGESEN paul.borgesen@svn.com 480.425.5516 5.43%
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit Cap SVN | Stone Commercial Real Estate $1,380,000 26 units $53,077 MULTIFAMILY | 35 ASHWOOD COURT | FRANKFORT, KY ○ Very competitive MF environment ○ Buyer had a great track record in market which gave seller more assurance of close - an ever important item in the selling environment of today WESTON LOCKHART weston.lockhart@svn.com 859.306.0613 7.2%
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF SVN | Toomey Property Advisors $1,400,000 18,000 SF $78 SELF STORAGE | 908 E WRIGHT ST | PENSACOLA, FL ○ Great location in Downtown Pensacola ○ 2 stories of 117 climate controlled units ○ Value-add opportunity with below market rents ○ Multiple offers received KATELEIGH CALLOWAY kateleigh.calloway@svn.com 205.937.2299 JUSTIN TOOMEY justin.toomey@svn.com 251.544.5494
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap SVN | Alliance Commercial Real Estate Advisors $2,070,000 12,088 SF $171 OFFICE | 141 SAGE BRUSH TRAIL | ORMOND BEACH, FL ○ Multiple offers ○ 30 days on market to contract ○ 81% occupied ○ Income producing office buildings ○ 12,088 SF on 1.36+/- acres JOHN TROST, CCIM john.trost@svn.com 386.301.4581 7.08%
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF SVN | Stone Commercial Real Estate $2,218,000 36,000 SF $62 INDUSTRIAL | 800 ENTERPRISE DRIVE | LEXINGTON, KY ○ Listed the property after the owners had attempted to sell it themselves ○ Helped the sellers navigate through some environmental issues ○ Was able to achieve a market rate on behalf of the sellers JOHN BUNCH, SIOR john.bunch@svn.com 859.306.0602
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap SVN | First Place Commercial Realty LLC $2,983,000 56,000 SF $53 MULTIFAMILY | 1767 WESTWOOD AVE | ALLIANCE, OH ○ Tracked listing this property for 10 years with deceased out of state seller’s family ○ Significantly under managed ○ Value add buyer/4% actual; 7.5% proforma cap rate ○ Multiple offers and under contract with local buyer within two weeks of listing ○ Mold found in attics and one unit destroyed by fire during due diligence VICTOR VOINOVICH victor.voinovich@svn.com 888.236.1435 4%
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Lease Value Lease Terms Size SVN | Stone Commercial Real Estate $3,599,829 5 years 45,376 SF OFFICE | 1500 ARISIDES BLVD | LEXINGTON, KY ○ Tenant had been looking for a suitable property to accommodate their rapid growth for nearly two years using a variety of brokers ○ SVN identified several options that could accommodate their existing workforce with room for expansion ○ Transaction was 30 days from showing to lease signing ○ Transaction was co-brokered with JLL JOHN BUNCH, SIOR john.bunch@svn.com 859.306.0602
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit Cap SVN | Stone Commercial Real Estate $5,150,000 88 units $58,523 HOSPITALITY | 200 TIGER WAY | GEORGETOWN, KY ○ Buyer spending 3,000,000 to renovate to same Marriot product ○ Phenomenal location on Interstate and close to Toyota Manufacturing ○ Multi million dollar renovation/PIP EARL BRADY earl.brady@svn.com 859.619.0160 X
- 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. © 2021 SVN International Corp. Property Details Property Highlights Lease Rate Lease Terms Tenant Rep Fee Size OFFICE | 8000 WATER STREET | JACKSONVILLE, FL 18.00/SF 3-5 years 6% ○ Secured building access with second story availability ○ On-Site 24-hour foodservice and catering ○ Spacious fitness center and locker rooms ○ Conference facilities with state of the art technology ○ Ample on-site 24-hour secured, well lit parking ○ Emergency and standby power to withstand any power outage 32,675 SF SVN | First Coast Commercial Real Estate Specialists CHIP SISTARE csistare@svn.com 904.421.8546
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap LAND | 12455 MORGAN RD & 12555 SNYDER MILL RD | MARYLAND HEIGHTS, MO Call for Offers 2% +/- 170-180 acres ○ Once in a lifetime development opportunity in St Louis, MO ○ Close proximity to Highways 141, 364, 70, 270 and 370 ○ Sewer, water, electric and gas is near subject property ○ Additional +/- acres of unprotected ground available $351 5.65% SVN | Infinity Commercial Group ALEX ZVIBLEMAN alex.zvibleman@svn.com 314.878.0303 MARK ZVIBLEMAN mark.zvibleman@svn.com 314.878.0303
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Size Price/SF MULTIFAMILY | 8855 MAYA LANE | ST LOUIS, MI Starting Bid: $1,000,000 76,000 SF 76,800 SF ○ Value add with huge upside ○ Auction begins April 11 ○ Great opportunity in North County Saint Louis ○ 25% vacancy ○ 8 buildings, 128 units ○ 64 one bedrooms (550 sqft) 64 two bedrooms (650 sqft) SVN | Infinity Commercial Group ALEX ZVIBLEMAN alex.zvibleman@svn.com 314.878.0303 MARK ZVIBLEMAN mark.zvibleman@svn.com 314.878.0303 SVN | Vanguard TONY YOUSIF tony.yousif@svn.com 858.810.3623 MICHAEL WATSON michael.watson@svn.com 858.324.1575
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre OFFICE | 1317 WINEWOOD BLVD | TALLAHASSEE, FL Starting Bid: $2,000,000 1.5% 21.93 acres ○ IDEAL REDEVELOPMENT OPPORTUNITY ○ Online Auction April 26-May 3 ○ Corporate liquidation ○ www.1317WinewoodAuction.com ○ 8 buildings, 380,000 SF GBA, 2 parking decks+surface total 1405 spaces ○ Lake & walking trails ○ 3 miles from Capitol & FSU 4.36% SVN | Auction Services DAVID GILMORE, CCIM, CAI, AARE gilmored@svn.com 504.228.6606 LOUIS FISHER III, CAI fisherl@svn.com 954.931.0592 SVN | Southland Commercial CARLTON DEAN, SIOR, CCIM cdean@svn.com 850.524.2275
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF RETAIL | 1152-70 CAMP STREET | NEW ORLEANS, LA $2,200,000 $132,000 15,000 SF ○ Historic tax credit information available by request, including an approved Part 1 ○ Zoned HU-MU (Historic Urban Neighborhood Mixed Use) ○ Permitted uses include, but are not limited to, restaurant, health club, short term rental, social club, and retail goods establishment ○ Not located in an HDLC district $147 SVN | Urban Properties CARLY IBACH carly.ibach@svn.com 904.910.2248 TIM THOMPSON tim.thompson@urbanproperties.com 504.913.0462
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre OTHER | 1 CITY HALL PLAZA | MANCHESTER, NH $2,400,000 $120,000 9 acres ○ 1,000 ft of frontage ○ 12,000 VPD used ○ Car business for sale with two consecutive lots and existing building ○ Second lot prepped for ~5,000 SF building SVN | Masiello Group BRIAN DANO brian.dano@svn.com 603.377.0309 CHRIS PASCUCCI chris.pascucci@svn.com 833.746.6479 $266,667
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap RETAIL/OFFICE | 330 W STATE ST | GENEVA, IL $2,650,000 $79,500 9,986 SF ○ Prominent Rt 38 corner location ○ 2003 masonry construction ○ Pizza restaurant on 1st floor ○ Large fenced outdoor patio & bar ○ Two office tenants on 2nd floor ○ Private onsite parking $265 6.71% SVN | Landmark Commercial Real Estate NEIL JOHNSON neil.johnson@svn.com 630.938.4950
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap INDUSTRIAL | 234 W WYOMING AVENUE | LAS VEGAS, NV $2,700,000 $81,000 7,700 SF ○ Opportunity zone ○ Quick freeway access ○ Close proximity to downtown, the Arts District, and the Las Vegas Strip ○ 100% leased ○ Newly finished "Project Neon" creates a refreshed look to area and greater vehicle traffic around the property $351 SVN | The Equity Group RALPH MALMROS r.malmros@svn.com 702.527.7923 LAYNE MCDONALD layne.mcdonald@svn.com 702.527.7837 5.65%
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF OFFICE | 6115 LYONS ROAD | COCONUT CREEK, FL $3,849,000 $96,225 9,846 SF ○ Freestanding office building ○ Boca Raton submarket ○ Being sold vacant. Perfect for an owner/user ○ Class A finishes ○ Furniture included ○ Plug & Play! $391 SVN | Commercial Realty 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
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF RETAIL | 1249 W LAKE ST | CHICAGO, IL $4,000,000 $100,000 8,400 SF ○ Highly desirable Fulton Market corner building/development site available ○ 3 blocks to Ashland Green/Pink Line CTA station and 5 blocks to Morgan Green/Pink Line CTA station ○ High visibility corner location ○ Potential 8.1 FAR due to property's location within Neighborhood Opportunity Bonus (Near West Area) boundary ○ Potential for newly announced (comes into effect 2022) ARO Tax Credit SVN | Chicago Commercial DREW DILLON drew.dillon@svn.com 734.223.2315 SCOTT MAESEL scott.maesel@svn.com 312.676.1860 $476
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap SFR PORTFOLIO | 107 HOME SFR INVESTMENT PORTFOLIO | GRIFFIN, GA $9,500,000 $142,500 107 units ○ Visit www.SFRhub.com and search for portfolio 100971 for more information ○ Portfolio includes one, two, three, four and five-bedroom homes ○ Portfolio is self-managed ○ Homes are in close proximity to employment ○ Rents are 18% below current market rents ○ 49 Single family homes, 17 duplexes (34 doors), 5 triplexes (15 doors), and 2 multiplexes of 4 and 5 doors each TOM JOHNSTON tom.johnston@svn.com 602.825.1780 MICHAEL FINCH michael.finch@svn.com 480.797.9825 TIM ORSCHELN tim.orscheln@svn.com 602.441.5354 SVN | SFRhub Advisors DAMIEN LANCLOS, CCIM damien.lanclos@svn.com 706.945.6652 SVN | KD Lanclos & Associates, LLC 8.1% $88,785
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap SFR PORTFOLIO | 13 HOME SFR INVESTMENT PORTFOLIO | DALLAS, TX $4,650,000 $52,545 13 units ○ Visit www.SFRhub.com and search for portfolio 100979 for more information ○ Recently renovated properties ○ Significant opportunity to purchase an SFR package in one of the top rental markets in the country ○ Very low supply of inventory on market, enabling rent growth & high occupancy ○ Quality 3 and 4 bedroom unit mix in desirable locations ○ Strong in-place cash flow with achievable rental increases TOM JOHNSTON tom.johnston@svn.com 602.825.1780 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SEAN THOMAS sean.thomas@svn.com 949.689.2584 SVN | SFRhub Advisors STEVE FITHIAN, CCIM, CPM, CPA, SEC steve.fithian@svn.com 817.288.5524 SVN | Trinity Advisors 4.36% $357,692
- 27. 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Rooms Price/Room Cap HOSPITALITY | 191 BRENTON WAY | SHEPHERDSVILLE, KY $7,650,000 $153,000 79 rooms ○ Located in the heart of the Kentucky Bourbon Trail ○ 21 minutes from Downtown Louisville (19.5 miles) via I-65 N ○ 2 hours from Downtown Nashville (155.2 mi) via I-65 S ○ Nearby businesses include: UPS hub, Ford Plant, Amazon Warehouse, UofL hospital, Jim Beam Distillery and much more ○ CHOICE Hotels has approved a dual branding for an additional 30 MainStay Suites 6.9% SVN | Menish Commercial JONATHAN LAISE jonathan.laise@svn.com 502.475.9635 KIMBERLY DATTILO kimberly.datillo@svn.com 502.939.0106 $96,835 SVN | Florida Commercial Real Estate Advisors NATVAR NANA natvar.nana@svn.com 407.353.1800
- 28. THANK YOU for joining us!
- 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.