SVN Live 4.22.24 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
April 22, 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
● According to the Logistics Managers' Index, US
logistics activity experienced its fastest monthly
expansion since September 2022 during March,
reaching an index level of 58.3.
● While growth levels remain at the lower end, this
signals a healthy turnaround for industries that
impact warehousing and transportation.
According to the report, recent growth is
attributed to "long-planned inventory expansions
and improved efficiency in warehousing and
transportation."
● An increase in inventory levels drove the overall
expansion in the index in March as inventories
reached their highest mark since October 2022.
● Consequently, warehouse capacity contracted, its
first since January 2023. Absorption of warehouse
capacity is a sign of strengthening demand, a
bullish signal for the Industrial real estate market.
Logistics Activity Surges, Fastest in 19 Months

C L O S E D TRANSACTIONS

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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 | 77TH ST | VERO BEACH, FL
$4,300,000
48.35 acres
$88,935
● Access to the Atlantic Ocean, I-95, and
State Road 60
● 1,300 ft of water frontage on the Indian
River
● Benefits new development in the
immediate area including a new Publix
shopping center one mile to the north
● 48.35 gross acres with around 24 acres of
wetlands
Tyler Davis, ALC
tyler.davis@svn.com
205.441.8538
SVN | SAUNDERS RALSTON
DANTZLER

Sale Price
Size
Price/SF
INDUSTRIAL | 609 INDUSTRIAL BLVD | GRAPEVINE, TX
$3,650,000
12,000 SF
$304
● NNN investment in Grapevine, TX
● Sold at a 7% cap
● Single Tenant
● Corporate lease with national credit tenant
● Corporate office and warehouse with
distribution and gated yard
Matt Matthews, MBA,
CCIM
matt.matthews@svn.com
972.765.0886
SVN | TRINITY ADVISORS
4.44%

Sale Price
Size
Price/Acre
LAND | 4230 US HIGHWAY 17 S | ZOLFO SPRINGS, FL
$2,500,000
288 acres
$8,681
● 105 ± acres of established Floratam fields
● Two center-pivot irrigation systems
● Irrigation to all 185 acres of farmable
ground
● 1,860 ± feet of road frontage on SR 17
Daniel Lanier
daniel.lanier@svn.com
863.698.2971
SVN | SAUNDERS RALSTON
DANTZLER

Sale Price
Size
Price/SF
Cap
SINGLE TENANT INVESTMENT | 701 COMMERCE DRIVE |
PERRYSBURG, OH
$2,187,500
6,777 SF
$323
● Sold to local MOB investor in exchange
with financing
● Sold at 95% of list price
● Closed a month early after DD extension
was exercised
Tim Schlachter, CCIM
tim.schlachter@svn.com
419.540.8888
SVN | ASCENSION COMMERCIAL
REAL ESTATE
7%
SVN | RICH INVESTMENT REAL
ESTATE
Josh Snyder
josh.snyder@svn.com
310.425.3377

Sale Price
Size
Price/SF
Cap
MULTIFAMILY | 750 MAPLE ST | MANSFIELD, OH
$1,550,000
27,774 SF
$56
● Second time selling this property
● Property sold at ask price which was a 7%
cap based on actual performance
● Recently renovated 24 unit, 2 bedroom/ 1
bath units in the heart of Mansfield
Seth Asman
seth.asman@svn.com
614.747.2052
SVN | WILSON COMMERCIAL
GROUP, LLC
7%

Sale Price
Size
Price/SF
Cap
RETAIL | 4401 E LANCASTER AVE | FORT WORTH, TX
$1,350,000
23,760 SF
$57
● Owner occupy one half of building
● Dollar General occupied and renewed for
one half the building
● Had to replace lender one week before
closing
● Many obstacles to overcome
James Blake, CCIM
james.blake@svn.com
817.288.5508
Andrew Banken
andrew.banken@svn.com
817.717.6353
SVN | TRINITY ADVISORS
4.44%

Lease Value
Lease Terms
Size
INDUSTRIAL LEASE | 840 TROLLINGWOOD HAWFIELDS RD |
MEBANE, NC
Confidential
Confidential
23,000 SF
● Long term lease to Fortune 500 subsidiary
in the automotive repair business
● Limited supply of industrial free-standing
buildings of this size
● Located in growing Alamance County
between Triangle and Triad metro areas
● About 1 mile from NC's first Buc-ee's
currently under construction
Carey Greene
carey.greene@svn.com
919.287.2135
Reggie Oakley
reggie.oakley@svn.com
919.287.3213
Brian Alonso
brian.alonso@svn.com
919.287.3217
SVN | REAL ESTATE ASSOCIATES

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
$1,690,198+
$78,814,219+

Price
Buy Side Fee
No. of Units
Price/Unit
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
SFR PORTFOLIO | DYNAMIC TRI-PLEX BFR INVESTMENT
PORTFOLIO | CHICAGO, IL
$29,700,000
$222,750
81 units
● Visit www.SFRhub.com and search for portfolio
1001615 for more information
● Excellent opportunity to purchase 81 homes in
27 buildings at Certificate of Occupancy
● Opportunity to purchase completed, fully leased
buildings (2) and soon to be delivered buildings
● All homes will be finished by Q3 of 2024
● Co-listed with North Clybourn Group, Staci
Slattery (staci@ncgchicago.com, 773.410.7585)
$366,667
6.67%
Michael Finch
michael.finch@svn.com
480.797.9825
Tom Johnston
tom.johnston@svn.com
602.825.1780
SVN | SFRHUB MARKETPLACE

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
FLEX/INDUSTRIAL | 55 6TH ROAD | WOBURN, MA
$12,000,000
$150,000
±55,300 SF
● One story with mezzanine flex/warehouse building
totaling ±55,300 SF on ±2.99 acres
● 92% leased by six strong credit tenants
● Tenant mix includes traditional warehouse, R&D, &
flex users
● True turn-key investment opportunity for any
investors who want to be in the suburban Boston
market
● 8 docks, 2 drive-Ins | 22’ ceiling
● Located in an established Industrial Park, just minutes
from I-95 and I-93
±$217
Pro Forma 6.75%
Alex Berger
alex.berger@svn.com
508.271.9205
Arlon Brown
arlon.brown@svn.com
508.271.9215
SVN | PARSONS COMMERCIAL
GROUP

Price
Buy Side Fee
Size
Price/Acre
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
LAND | 4040 33RD STREET SOUTH | ST. CLOUD, MN
$11,453,219
$687,193
41 acres
● Approved for 287 multifamily units adjacent to 280
acre Neenah Creek Park
● Tentative plans include a YMCA on site
● Adjacent to a number of high-end single family
subdivisions
● Targeted uses are assisted living, office, bank,
restaurant, retail, grocery
● Adjacent to new $125M St. Cloud Tech High School
● Near two Charter Schools
● Easy access to Highway 15 and I-94
$279,347
6.67%
Mike Bobick
mike.bobick@svn.com
320.333.2692
Terrie Schramel
terrie.schramel@svn.com
320.290.6535
Tom Sanquist
tom.sanquist@svn.com
320.282.2042
SVN | GC REAL ESTATE

Price
Buy Side Fee
Size
Price/Acre
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
LAND | 106 HWY 17 | CRESCENT CITY, FL
$7,500,000
$187,500
59 acres
● Magnificent 59 acre waterfront property on
Crescent Lake
● Crescent Lake is 16,000 acres and
recognized as Bass Fishing Capital
● Lake accommodates 50' to 100' boats,
kayaks, etc and has access to St Johns
River
● Frontage on 17 provides convenient drive
east to historic St Augustine Florida
$127,119
Pro Forma 6.75%
Glenn Palmer
glenn.palmer@svn.com
904.251.5109
SVN | FIRST COAST COMMERCIAL
REAL ESTATE SPECIALISTS

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
OFFICE | 330 S NAPERVILLE ROAD | WHEATON, IL
$2,900,000
$87,000
35,400 SF
● 4-story multi-tenant executive office
● 23 executive suites | 62% occupied
● Bank anchored with drive-through
● Lower level breakroom with storage and fifth floor
mechanicals
● Below replacement cost and Value-add for Investor
or Owner-User
$82
7.38%
Karen Kulczycki, CCIM
kkulczycki@svn.com
630.330.3352
SVN | CHICAGO COMMERCIAL

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 16030 PARK AVENUE ( 16022 & 16029
LOOMIS AVENUE) | HARVEY, IL
$1,295,000
$38,850
26,000 SF
● ±26,000 SF warehouse, office, yard, residential on
±4.56 AC
● 5- DID from 12'x14' to 8'x8'
● Heavy power | Clear height 14' to 20'
● Near railroad intermodal and interstate highways I-
57, I-294, I-94 and I-80
● SBA HubZone, Class 8 Tax Incentive, Enterprise &
Opportunity Zone
$50
7.38%
Karen Kulczycki, CCIM
kkulczycki@svn.com
630.330.3352

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL | 369 WEST MAIN STREET | NORTHBOROUGH, MA
$2,800,000
$42,000
14,251 SF
● ±14,251 SF, multi-tenant retail asset on 2.01± acre
corner lot, over 100± parking spaces
● Turn-key, stabilized investment opportunity with
further upside potential
● 7 fully leased units, ranging from 1,250± to 3,200±
SF
● High occupancy rates from 91% to 100%
● Prime location off Route 20 near other retailers
with favorable traffic counts: 16,556 ADT
● Single Tax Rate - Set at a low $14.28 per thousand
$196
7.30%
Marilyn Santiago
marilyn.santiago@svn.com
508.271.9230
Garrett Quinn
garrett.quinn@svn.com
508.271.9229
GROUP

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL | 3-11 TURNPIKE ROAD | SOUTHBOROUGH, MA
$2,000,000
$30,000
7,778 SF
● ±7,778 square foot, multi-tenant retail asset on
Route 9 MA with 457' of frontage on 0.83± acres
● The property is 95% occupied with just a single
office space available
● Exceptional traffic counts
● 37,124±ADT destination retail market
● Outside of “Golden Triangle” 1 mile from I-90 single
tax rate
● Set at a low $13.91 per thousand
$257
6.27%
Marilyn Santiago
marilyn.santiago@svn.com
508.271.9230
Garrett Quinn
garrett.quinn@svn.com
508.271.9229
GROUP

Price
Buy Side Fee
Size
Price/Acre
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 914 CHAMPION FERRY RD | GAFFNEY, SC
$2,550,000
$63,750
10.5 acres
● 10.5 acres
● 81,010 sf
● 100 ft clear span
● Updated office & laboratory space
● 9 dock doors
● Partition
● Drive in bay
● Additional offices
● $2.95/ft+ NNN lease available
$242,857
7.38%
Matthew Nocella
matthew.nocella@svn.com
864.640.9580
Loudon Brooks
loudon.brooks@svn.com
864.992.9379
SVN | BLACKSTREAM

Price
Buy Side Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
OFFICE | 21321 E OCOTILLO RD #108/6828 E BROWN RD
#100 & #101 | QUEEN CREEK, AZ
$2,315,000
$57,875
Queen Creek: 2,736 SF
Mesa: 3,194 SF
● Multi-property, two-tenant, NNN investment
portfolio
● Both assets located in well-stabilized, growing
portions of the market
● All leases are absolute NNN & reimburse
Ownership for all associated expenses
● Three and a half years remaining on all three
leases
● Compounding pharmacy is personally
guaranteed
Richard Lewis
richard.lewis@svn.com
480.425.5536
Justin Horwitz, SIOR
justin.horwitz@svn.com
480.425.5518
Aaron Gutierrez
aaron.gutierrez@svn.com
480.425.5517
Sean Alderman
sean.alderman@svn.com
480.425.5520
SVN | DESERT COMMERCIAL
ADVISORS

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
OTHER | 5577 OLD HIGHWAY 11E | MORRISTOWN, TN
$1,600,000
$48,000
12,000 SF
● Leasehold interest sale
● Two 6,000 SF hangars
● Built in 2021
● 26 years remain on ground lease
● Hangar B available
● Hangar C leased for $6,000/mo
$133
7.38%
Taylor Durand
taylor.durand@svn.com
865.776.5662
Matthew Strother
matthew.strother@svn.com
865.309.6272
SVN | WOOD PROPERTIES

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL | 2201 WEST BROADWAY | LOUISVILLE, KY
$1,551,000
$46,530
4,168 SF
● Just a few blocks from the new $100 million hospital
being constructed
● Established presence in the West Louisville Corridor
● Prime corner lot location for visibility and access
● Proximity to amenities and conveniences for street
retail
● Strong investment opportunity
$372
7.38%
Tommy Clark, M.U.P.
tommy.clark@svn.com
502.641.3199
Kimberly Dattilo
kimberly.dattilo@svn.com
502.939.0106
SVN | MENISH COMMERCIAL
REAL ESTATE

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 4437- 4447 W RICE STREET | CHICAGO, IL
$1,150,000
$28,750
21,978 SF
● Functional manufacturing facility located in the
nearly fully occupied West Humboldt Park
submarket
● PMD-9 zoning (Planned Manufacturing District)
● Heavy power
● Opportunity Zone
● Enterprise Zone
● TIF District of the Northwest Industrial Corridor
$52.32
7.38%
David Pernice
david.pernice@svn.com
312.607.3300
John Joyce, CCIM, SIOR
john.joyce@svn.com
847.778.1254

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
LAND | 5886 GREENWICH RD | SEVILLE, OH
Subject to Offer
3%
109.38 acres
● Great highway interchange
● Recreational use possibilities
● Great topography
● Growing Medina County area of Northeast Ohio
$50
7.38%
Tyler Robin
tyler.robin@svn.com
330.591.7974
Aaron Davis
aaron.davis@svn.com
330.221.7297
Jerry Fiume, SIOR, CCIM
jerry.fiume@svn.com
330.416.0501
SVN | SUMMIT COMMERCIAL
REAL ESTATE ADVISORS

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!
April 22-27, 2024
WEDNESDAY
APRIL 24
BEST PRACTICES WITH JOHN
MCDERMOTT
1:00 PM EST | 10:00 AM PT

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.

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SVN Live 4.22.24 Weekly Property Broadcast