SVN Live 12.4.23 Weekly Property Broadcast
•
0 gostou•122 visualizações
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.
Recomendados
Recomendados
Mais conteúdo relacionado
Semelhante a SVN Live 12.4.23 Weekly Property Broadcast
Semelhante a SVN Live 12.4.23 Weekly Property Broadcast (20)
Mais de SVN International Corp.
Mais de SVN International Corp. (18)
Último
Último (20)
SVN Live 12.4.23 Weekly Property Broadcast
- 3. www.SVN.com Economic Updates Provided by ○ As part of the 2024 ULI-PwC Emerging Trends in Real Estate (ETRE) Report, a broad survey of CRE professionals weigh in on the most salient factors presenting challenges for the industry in the year ahead. Among economic and financial issues, on a scale of 1-to-5 (1 = no importance, 5 = great importance), respondents consider interest rate costs (4.70), capital availability (4.30), and income growth (4.08) as the most pressing issues. ○ Among social and political factors, housing costs and availability top the rest of the field (4.21). Following at the top of the list are concerns about immigration policy (3.56) and political extremism (3.39). ○ Construction labor costs (4.46) are a primary concern among development factors. Other issues raising concerns are material costs (4.31) and construction labor availability (4.30). Emerging Trends in Real Estate: 2024 Issues to Watch
- 5. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $4,100,000 100,000 SF INDUSTRIAL | 1454 JINGLE BELL LANE | LEXINGTON, KY ○ Helped the family navigate through an estate left to them after the loss of a family member ○ The property was sold to a neighboring property owner who was in a 1031 exchange achieving 97.6 percent of the list price ○ This was a co-brokered transaction $41 SVN | Stone Commercial Real Estate JOHN BUNCH john.bunch@svn.com 859.433.8911 GABE MEASNER gabe.measner@svn.com 859.630.7106
- 6. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Lease Value Lease Terms Size $3,629,484 77 months INDUSTRIAL LEASE | 4678 TRAUX DRIVE SE | SALEM, OR ○ Northwest's largest wine logistics company ○ Space to be climate controlled to 59 degrees ○ Shell Rent: $.75/SF/M - NNN 70,208 SF SVN | Commercial Advisors, LLC CURT ARTHUR, SIOR curt.arthur@svn.com 503.588.0400
- 7. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size $3,250,000 23,000 SF 9 acres OTHER | 13301 IH 27 | AMARILLO, TX ○ Former Ford dealership ○ Sold for $1,200,000 over 2023 appraisal ○ Interstate 27 frontage ○ User purchase SVN | Trinity Advisors JAMES BLAKE, CCIM james.blake@svn.com 817.288.5508 ANDREW BANKEN andrew.banken@svn.com 817.717.6353
- 8. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre $2,375,000 15 acres LAND | ROUTE 59 & FRASER ROAD | PLAINFIELD, IL ○ Achieved closing within 21 days of signing the PSA (purchase and sale agreement) ○ Established initial contact with the owner through cold calling ○ Successfully closed a land deal in a challenging market environment $158,333 SVN | Chicago Commercial DANIEL VANCHIERI daniel.vanchieri@svn.com 312.756.7337
- 9. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre $2,250,000 3 acres LAND | 207 W HIGHWAY 80 | LONDON, KY ○ Client was looking to enter into a strong market with limited availability ○ Buyer will use a portion of the land and ground lease the remaining acreage to 1-2 users ○ Popeyes Chicken was the catalyst and buyer of this development $750,000 SVN | Stone Commercial Real Estate NATHAN DILLY nathan.dilly@svn.com 859.420.5492 WESTON LOCKHART weston.lockhart@svn.com 859.317.3538
- 10. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $1,300,000 15,000 SF RETAIL | 2191 NICHOLASVILLE ROAD | LEXINGTON, KY ○ Former furniture building on Nicholasville Road, Lexington's best retail corridor ○ SVN able to attract highest and best price through marketing efforts for sale after leasing efforts did not materialize over several years based on layout of building ○ Goodwill purchased this property SVN | Stone Commercial Real Estate NATHAN DILLY nathan.dilly@svn.com 859.420.5492 WESTON LOCKHART weston.lockhart@svn.com 859.317.3538 MATT STONE matt.stone@svn.com 859.351.5444 $87
- 11. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size $2,000,000 33,847 SF RETAIL | 29317-29217-29299 FORD RD & PARDO STREET MIDDLEBELT RD | GARDEN CITY, MI ○ This building was constructed in 1925 as the Folker building, later occupied by Wayne State Bank, Garden City Town Hall, and Orin Jewelers for over 50 years ○ This building is the Landmark of Downtown Garden City ○ The building is approximately 8,895 square foot consisting of 4,500 SF of retail space on the first floor and 11 offices suites on the second floor SVN | Cohn Commercial Properties HARRY COHN harry.cohn@svn.com 248.851.5000
- 12. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre $2,000,000 2.2 acres LAND | NWC STATE ST. AND COTTONWOOD AVE. | SAN JACINTO, CA ○ A successful sale of a 2.2 AC commercial lot at State St and Cottonwood Ave sold for $2.2M ○ Closed in 9 months, this sale highlights the market’s resilience amidst economic downturn ○ The buyer plans to develop a gas station and car wash, enhancing the range of services available to the local community $20.87/SF SVN | Insight Commercial Real Estate Advisors JANET F. KRAMER, JD, CCIM janetk@svn.com 951.600.8634 STEVE CASTELLANOS stevec@svn.com 951.600.8634
- 13. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $1,800,000 4,500 SF INDUSTRIAL | 210 JUNO STREET | JUPITER, FL ○ Rarely available industrial building in Jupiter ○ JUST PLAIN UGLY BUILDING ○ Constructed in 1971 and never renovated or updated ○ Only partially paved lot ○ Sold for $400/SF ○ Under contract in 2 days $400 SVN | Waterfront Commercial Realty ROBERT HAMMAN robert.hamman@svn.com 561.346.2310
- 14. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap $1,466,000 3,720 SF RESTAURANT | 2440 ONTARIO DR | ST JOHNS, MI ○ Absolute NNN lease ○ Large 60+ unit franchisee ○ 5 years of term ○ Sold to seller 14 years ago; longtime client ○ In state buyer through another broker ○ 8.2% cap rate $394 SVN | Investment Property Advisors DAVID DE MAAGD, CPA, MBA david.demaagd@svn.com 616.399.3955 8.20%
- 17. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $8,250,000 $206,250 54.75 acres ○ Prime location on the NW corner of Highway 99 and Avenue 12 ○ Village reserve zoning allows for any use ○ 1,900 linear feet of frontage on Highway 99 LAND | 12680 HIGHWAY 99 | MADERA, CA SVN | Clovis Commercial CAMERON GRAHAM cameron.graham@svn.com 559.289.6064 $150,685
- 18. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $6,384,000 $159,600 22,400 SF ○ Owner user and/or investor opportunity ○ ±12,800 - ±17,600 SF potentially available for an owner occupant ○ Owner is willing to lease back its suite at market rents ○ Constructed in 2016 and Impeccably maintained ○ 3 suites all with two stories of professional office space, warehouse, and enclosed yards ○ 480A power; Warehouses are evap-cooled with the exception of one warehouse that includes HVAC ○ Pro Forma CAP Rate - 5.65% FLEX | 18477 S 186TH WAY | QUEEN CREEK, AZ $285 SVN |Desert Commercial Advisors JUSTIN HORWITZ, SIOR justin.horwitz@svn.com 480.425.5518 SEAN ALDERMAN sean.alderman@svn.com 480.425.5520 RICHARD LEWIS JR. richard.lewis@svn.com 480.425.5536 AARON GUTIERREZ aaron.gutierrez@svn.com 480.425.5517
- 19. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $1,950,000 $117,000 17,920 SF ○ Two 8,960 sq. ft. professional buildings ○ 95% tenant occupied ○ Located less than a mile from telegraph & minutes from I-75 ○ New underground and above grade parking ○ Approcimately $150,000.00 annual rental income OFFICE | 1877 - 1899 ORCHARD LAKE RD | BLOOMFIELD TOWNSHIP, MI SVN | Cohn Commercial Properties MICHELLE CLARK michelle.clark@svn.com 248.851.5000 HARRY COHN harry.cohn@svn.com 248.851.5000 $109
- 20. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $1,419,000 $35,475 9,252 SF ○ 0.4 miles to Willamette University ○ 0.3 miles to the Oregon State Capitol ○ 0.7 miles to Salem Health ○ Upside potential with rents ○ Historic vacancy near zero due to location RETAIL | 1310-1328 STATE STREET | 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 $153 4.73%
- 21. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $1,300,000 $32,500 14,145 SF ○ High barrier to entry ○ Low 3.6% industrial vacancy ○ Possible redevelopment INDUSTRIAL | 855 NORTHWEST 8TH STREET | CORVALLIS, OR $92 SVN | Commercial Advisors, LLC CURT ARTHUR, SIOR curt.arthur@svn.com 503.588.0400 NICK WILLIAMS nick.williams@svn.com 503.588.0400
- 22. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $1,200,000 $24,000 56,438 SF ○ Value add opportunity, market study showing very strong housing demand ○ Town is very supportive of the project ○ Flexible site plan, 7 commercial spaces existing ○ 12,000 sf of commercial space can be finished off and leased ○ Permitted for 36 residential apartments ○ Designated economic revitalization zone, Historic registered property ○ Development work completed MULTIFAMILY | 42 MAIN STREET | ANTRIM, NH SVN | The Masiello Group DAVE TANGUAY dave.tanguay@svn.com 603.674.1617 BRIAN DANO, CCIM brian.dano@svn.com 603.377.0309 $21
- 23. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ Unpriced 3% 30 acres ○ Proposed development in the entitlement process ○ 15-20 acres zones for truck terminal and other commercial uses ○ 10 acres with up to 5 commercial/industrial outlots with SR 28 frontage ○ All utilities at the site ○ Site to be delivered with all entitlements INDUSTRIAL | I-65 & SR 28 | FRANKFORT, IN SVN | Northern Commercial JEFF HINES jeff.hines@svn.com 317.709.6000
- 24. www.SVN.com Events & Webinars TUESDAY DECEMBER 5 Single Tenant Investment Product Council Meeting 2:00 PM ET | 11:00 AM PT Date: December 4-9, 2023
- 25. THANK YOU for joining us!
- 26. 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.