SVN Live 08.01.22 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.
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SVN Live 08.01.22 Weekly Property Broadcast
- 3. www.SVN.com Economic Updates Provided by ○ Commercial real estate prices climbed by 18.5% year- over-year through June, according to the latest data from MSCI RCA’s All-Property index. The index rose by 1.3% month-over-month. ○ June’s pace is on par with growth rates seen in recent months and is a tad under the record 19.5% growth registered earlier this year. ○ Industrial outpaced all other property types in quarterly and annual growth rates, climbing by 4.8% and 26.9%, respectively. June marked the ninth consecutive month of above-20% year-over-year growth for the sector. ○ Apartment followed close behind, with a 23.7% year- over-year rise in the index. Prices in the Apartment sector rose 1.6% from May to June—the highest monthly increase among the sub-indices. ○ Annual growth in the Retail sector was little changed, with an 18.8% climb— just 110 bps below its record high, which was reached earlier this year. MSCI RCA Commercial Property Price Index
- 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 Undisclosed 110,000 SF $34 SELF STORAGE | 1085 W PIPKIN RD | LAKELAND, FL ○ Certificate of occupancy sale for storage property in Lakeland, FL ○ Two single-story climate-controlled buildings: 75,250 gross SF, 606 units ○ One traditional storage building: 15,000 SF, 61 units ○ One covered RV parking area: 18,000 SF, 31 spaces ○ A 900 SF free standard office building ○ From listing to close (4 Months) property was already 40% leased SVN | Commercial Realty NICK MALAGISI, SIOR nick.malagisi@svn.com 716.633.9601 SVN | Hardisty Commercial Realty HANS HARDISTY, MBA, CCIM hans.hardisty@svn.com 914.489.7909 SVN | Saunders Ralston Dantzler DAVID HUNGERFORD, CCIM david.hungerford@svn.com 863.660.3138 GARY RALSTON, CCIM, SIOR, CPM, CRE, CRRP, FRICS gary.ralston@svn.com 863.738.2246 SVN | Commercial Advisory Group MARY O’MALLEY mary.omalley@svn.com 941.960.6342
- 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 $1,018,000 8,320 SF $122 RETAIL | 6704 S M-221 | BRIMLEY, MI ○ Reinvestment in private equity ○ Public REIT purchased ○ 7 year net leased 7.27% DAVID DE MAAGD, CPA, MBA david.demaagd@svn.com 616.399.3955 SVN | Investment Property Advisors
- 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/SF $1,250,000 10,300 SF $121 OFFICE | 2833 N 3RD STREET | PHOENIX, AZ ○ Freestanding office ○ Sold at full asking price ○ Adaptive reuse project to multifamily ○ Strong midtown trade area JUSTIN HORWITZ justin.horwitz@svn.com 425.480.5518 JONATHAN LEVY jonathan.levy@svn.com 480.425.5538 PAUL BORGESON paul.borgeson@svn.com 480.425.5516 SVN | Desert Commercial Advisors
- 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 $1,450,000 1.91 acres $759,162 LAND | 2020 TOWER ROAD | AURORA, CO ○ Industrial property with fenced yard ○ Corner lot with frontage on Tower Road ○ Almost 2 acre site SVN | Denver Commercial JEFF HEINE jeff.heine@svn.com 303.803.3803 BILL REILLY bill.reilly@svn.com 970.566.3481
- 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 Cap $2,141,702 12,720 SF $168 OFFICE | 1218 W ASH ST | WINDSOR, CO ○ Broker leased property for 8+ years ○ Sold to one of the long-term tenants ○ Seller trading into another property for ease of management ○ 6,360 main level SF (3 tenants) and 6,360 basement SF (6 tenants) COBEY WESS cobey.wess@svn.com 970.691.1140 SVN | Denver Commercial 6%
- 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/SF $2,200,000 13,203 SF $167 RETAIL | 2514 UNIVERSITY DRIVE | DURHAM, NC ○ Two buildings including a multi-tenant retail/office building and free-standing restaurant building ○ Formerly home to a very successful fine dining establishment ○ Purchased by local serial restaurateur ○ Multiple tenants but with no leases, limited information on the property, a history of damaging floods (now resolved) and an SBA loan made this a quick 367 day contract-to-close period CAREY GREENE carey.greene@svn.com 919.287.2135 GARY KRAMLING gary.kramling@svn.com 919.287.2136 SVN | Real Estate Associates
- 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 No. of Units Price/Unit Cap $2,250,000 14 units $160,714 MULTIFAMILY | COUNTRY MANOR - 16801 N 26TH ST | PHOENIX, AZ ○ 20 years of continuous ownership ○ Northeast Phoenix location ○ Mixture of 1 & 2 bedrooms ○ No unit renovations, true value add ○ 1031X replacement property ○ Buyer plans light interior upgrades DANNY LEE danny.lee@svn.com 480.425.5522 SVN | Desert Commercial Advisors 3.05%
- 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 MIKE PRIOLO mike.priolo@svn.com 408.439.8875 SVN | Capital West Partners $2,770,000 5,600 SF $495 RETAIL | 3275-3317 COACH LANE | CAMERON PARK, CA ○ 100% leased multi-tenant retail asset ○ Scheduled rent increases ○ Net leases to strong mix of “Amazon-proof “ retailers ○ Highway visibility with strong demographics 5.75%
- 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 JUSTIN RYDER, CCIM justin.ryder@svn.com 859.447.3285 SVN | Stone Commercial Real Estate $3,400,000 100,000 SF $34 INDUSTRIAL | 510 HENRY CLAY BLVD | LEXINGTON, KY ○ A two-year process of marketing the property for lease and pivoting to sale culminated in a complex transaction that turned out to be a win/win for the seller and buyer ○ Negotiated a short term leaseback with the current tenants ○ We look forward to seeing what a world class real estate team can accomplish on 6 contagious acres inside of New Circle Road, a prime spot for future development in Lexington, KY
- 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/SF Cap $4,100,000 34,800 SF $118 INDUSTRIAL | 3801 BLUE RIDGE DR SW | ROANOKE, VA ○ 34,800 SF industrial office fixturing showroom and warehouse on 9.69 acres for expansion ○ Worked out a 10 year lease with 3% annual escalations ○ $300,000 was held in escrow for future deferred maintenance 6.8% SVN | Commercial Specialists JIM GUISEWHITE jim.guisewhite@svn.com 540.535.0808
- 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/SF Cap $7,350,000 28,500 SF $258 OFFICE | 5101 NE 82ND AVENUE | VANCOUVER, WA ○ 28,500 SF office building ○ 100% occupied ○ Management contract with new owners SVN | Bluestone CLIFFORD HOCKLEY cliff.hockley@svn.com 503.459.4359 JIM WIERSON II jim.wierson@svn.com 503.459.4376 OLESYA PROKHOROVA olesya.prokhorova@svn.com 503.459.4347 7.03%
- 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 Transaction Highlights Sale Price Size Price/SF Cap $19,250,000 114,435 SF $168 OFFICE | ONE EXECUTIVE CENTER, 8500 MENAUL BLVD NE | ALBUQUERQUE, NM ○ Kelly and Walt were and still are the leasing agents for the property since Dec. of 2017 and received an unsolicited offer from an out of state investor. ○ Kelly and Walt's relationship with the landlord through the success of leasing the property allowed SVN | WACB, Inc. to have the trust with the owner to sell the property SVN | Walt Arnold Commercial Brokerage, Inc. WALT ARNOLD, CCIM walt.arnold@svn.com 505.269.9358 KELLY SCHMIDT kelly.schmidt@svn.com 505.417.1214 6.5%
- 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 INDUSTRIAL | 2525 NEW LENOX RD | JOLIET, IL Subject to Offer 2.5% 16,100 SF 3.29 acres ○ Rare I-80 frontage industrial opportunity ○ Billboard included with >67,900 VPD exposure ○ Fenced yard with I-2 zoning ○ Low unincorporated Will County taxes ($16,285 in 2021) SVN | Chicago Commercial KAREN KULCZYCKI kkulczycki@svn.com 312.602.5346
- 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 Size Price/SF INDUSTRIAL | 301 E ST CHARLES RD | CAROL STREAM, IL $1,350,000 $40,500 8,600 SF ○ 1 acre secure lot Ideal for vehicle and material storage ○ 2,600 SF office with heated shop and vehicle lift 6,000 SF and 1,875 SF covered parking/storage buildings ○ Drive thru access on both ends of the property ○ Industrial zoning SVN | Chicago Commercial DAVID COUPE david.coupe@svn.com 312.789.4866 $157
- 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/Acre Cap $1,650,000 $41,250 4.93 acres ○ New mixed use project to be developed in front of this site ○ Almost 5 acres of gently rolling topography for ease of development ○ Current property site allows to remove Warehouse building and develop the project in phases ○ $100,000 in income, while planning the redevelopment 6.1% SVN | Commercial Specialists JIM GUISEWHITE jim.guisewhite@svn.com 540.535.0808 LAND | 754-758 SOUTH MAIN ST | WOODSTOCK, VA $334,686
- 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 $2,100,000 $63,000 38 acres ○ Existing self storage buildings ○ Potential for 60 unit residential development ○ 250' of commercial frontage on State Route 60 ○ Wetlands assessment, phase 1, and self storage feasibility study available $55,263 SVN | Summit Commercial Real Estate Advisors MAX STRAUS max.straus@svn.com 330.807.9854 LAND | 1620 STATE ROAD | VERMILLION, OH
- 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 $2,400,000 $60,000 4.3 acres ○ Minimal competition within a 3 mile radius ○ Less than 3 miles from major retailers such as Publix and Walmart Super Center ○ Traffic count 12,500 cars/day ○ Average household income within 3 miles is $87,000 ○ The population within 5 miles is 71,000 people ○ Site will be delivered fully entitled but not permitted ○ Self storage development opportunity $558,140 LAND | 25335 RAMPART BLVD | PUNTA GORDA, FL SVN | Commercial Realty NICK MALAGISI nick.malagisi@svn.com 716.633.9601 SVN | Hardisty Commercial Realty HANS HARDISTY hans.hardisty@svn.com 914.489.7909 SVN | Commercial Advisory Group MARY O’MALLEY mary.omalley@svn.com 941.960.6342
- 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 SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $2,759,000 $20,693 32 units ○ Visit www.SFRhub.com and search for portfolio 101152 for more information ○ Portfolio is professionally managed by 3 different local property management firms ○ 100% leased to fully vetted tenants ○ There are four Section 8 tenants in the portfolio ○ Average monthly rental rate of $848 ○ Rents are 27% below current market rents ○ Year 1 Stabilized cap rate of 9.94% SVN | SFRhub Advisors TOM JOHNSTON tom.johnston@svn.com 602.825.1780 TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 $86,219 6.17% SFR PORTFOLIO | 32 HOME SFR INVESTMENT PORTFOLIO | DETROIT, MI SVN | Stewart Commercial Group, LLC DAN STEWART dan.stewart@svn.com 734.662.5097
- 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 SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $3,500,000 $52,500 9 units ○ Visit www.SFRhub.com and search for portfolio 101148 for more information ○ All homes are single-family detached ○ Asset mix consists of two 3 bedroom, six 4 bedroom and one 5 bedroom ○ Average home size of 2,043 square feet ○ Average lot size of 23,861 ○ Average vintage of 1983 SVN | SFRhub Advisors TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 $388,889 5.84% SFR PORTFOLIO | 9 HOME SFR INVESTMENT PORTFOLIO | KNOXVILLE | CHATTANOOGA, TN SVN | The Genesis Group CARNELL SCRUGGS carnell.scruggs@svn.com 615.294.7405
- 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 Size Price/Acre $2,770,000 $83,100 4.24 acres ○ Zoned CO/MU-III ○ Parcel has all city utilities ○ Best commercial land on the market ○ Close to I-5 ○ Surrounded by professional offices $653,302 LAND | 2200 KUEBLER BLVD | SALEM, OR SVN | Commercial Advisors, LLC CURT ARTHUR, SIOR curt.arthur@svn.com 503.588.0400 NICK WILLIAMS nick.williams@svn.com 503.588.0400
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap $4,256,775 $127,703 18,919 SF ○ 7 year sale leaseback ○ Offering NNN lease structure ○ Three percent (3%) annual increases ○ Well established executive office/virtual office operator ○ In operation since 2006 $225 SVN | Desert Commercial Advisors 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 6% OFFICE | BILTMORE OFFICE PLAZA - 2942 N 24TH ST | PHOENIX, AZ
- 28. 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 $4,812,000 $96,240 27,004 SF ○ Strong regional restaurant ○ NNN leases with no landlord responsibilities ○ 10 year lease with 1.5% annual increases (four 5 year options to renew) ○ Well constructed assets in prime locations 5.9% SVN | Trinity Advisors JAMES BLAKE, CCIM james.blake@svn.com 817.288.5508 RESTAURANT | 5728 BOAT CLUB RD | FORT WORTH, TX $178
- 29. 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 | HWY 242 & OLD HOUSTON RD | CONROE, TX $6,100,000 $183,000 108 acres ○ Zoned for Conroe ISD, a highly rated school district ○ The property lies fully within the Opportunity Zone ○ TX-99 can be accessed via FM 1314 or FM 1485 or a convenient commute in all directions ○ State Highway 242 is a highly trafficked corridor interconnecting I-45 and I-69 ○ Portions of the property along Dry Creek are considered by FEMA to be in the floodplain SVN | J Beard Real Estate Company of Greater Houston BRIGHAM HEDGES brigham.hedges@svn.com 926.522.6972 $56,481
- 30. 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 INDUSTRIAL | 82 BRIDGE AVENUE | WARREN, MA $10,500,000 $157,500 +/- 147,000 SF +/- 40 acres ○ Seven industrial buildings totaling 147,000 SF on 40 acres ○ Sale leaseback opportunity with the seller, Circor International, Inc. is publicly traded NSYE(CIR), seller to maintain property as if they own it ○ Seller would execute 10 year lease upon closing at $5 NNN with 3% annual increases ○ Mission critical facility ○ Situated between Springfield and Worcester SVN | Parsons Commercial Group ALEX BERGER alex.berger@svn.com 508.271.9205 MATT QUINLAN matthew.quinlan@svn.com 508.271.9208 RYAN PARSONS rparsons@svn.com 508.271.9234 MIGUEL ENCARNACION miguel.encarnacion@svn.com 508.271.9210 $71 7%
- 31. www.SVN.com Events & Webinars THURSDAY AUGUST 4 Land Council Meeting 11:00 AM PT | 2:00 PM ET SATURDAY AUGUST 6 Saturday Call with John McDermott 8:30 AM PT | 11:30 AM ET Date: August 1-6, 2022
- 32. THANK YOU for joining us!
- 33. 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.