SVN Live 4.8.24 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
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April 8, 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
● The Federal Reserve held interest rates steady at
its March policy meeting, in line with market
expectations that policymakers would continue
its wait-and-see approach for the time being.
● Both the Fed and fed futures markets, as
indicated by the Chicago Mercantile Exchange’s
Fed Watch Tool, kept consistent their projections
of three rate cuts by the end of 2024.
● Inflation has come down consistently over the
past year, but resilient labor market and
consumer spending dynamics have kept price
pressures salient and inflation expectations
elevated.
● In his post-meeting statement, Fed Chair Jerome
Powell stated that the committee is prepared to
maintain current interest levels for longer if
needed to re-anchor price stability and
expectations.
Fed Interest Rate Decision

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/Room
Cap
PROPERTY DETAILS TRANSACTION HIGHLIGHTS
HOSPITALITY | 2525 ASHLAND ST | ASHLAND, OR
$22,500,000
224 rooms
$100,446
● Ashland Hills Hotel & Suites is full-service hotel
located on 14.34 acres.
● The property offers a restaurant, ~15,000 SF of
meeting space, an outdoor pool and spa, tennis
courts and landscaped courtyards.
● Brian remained in contact with the Seller for two
years on a backup offer while the property was in
contract with another Buyer before the deal was
cancelled and our back up offer was accepted.
Brian Resendez, CCIM
brian.resendez@svn.com
503.577.7710
Joseph Aiston
joseph.aiston@svn.com
971.282.2031
SVN | BLUESTONE

Sale Price
Size
Price/SF
OFFICE | 130, 134 W NEW CIRCLE ROAD | LEXINGTON, KY
$6,000,000
67,700SF
$89
● The property was losing nearly $40,000 per
month, and the Seller patiently waited for the City
of Lexington's offer, which was $1M higher than
the first offer received by another buyer.
● Former office/warehouse headquarters space will
now be used for the Division of Water Quality
department of LFUCG
● Shared value for LFUCG and the city of Lexington
as they will be occupying and maintaining a
property with limited possible current uses
Nathan Dilly
nathan.dilly@svn.com
859.420.5492
Neal Metcalfe
neal.metcalfe@svn.com
859.312.8069
SVN | STONE COMMERCIAL REAL
ESTATE

Lease Value
Lease Terms
Size
INDUSTRIAL LEASE | 1418 ANTIOCH PK, STE 219 | ANTIOCH, TN
$2,647,260
10 years
18,000 SF
● Prairie Farms Dairy Inc. is one of the largest dairy
product companies in the US with over 44
manufacturing plants and 100 distribution facilities
● Property Additions: 400 amp power being brought
to site to support a 70+ foot refrigerator and four
additional dock doors to handle more distribution
● Property is just 15 minutes south of downtown
Nashville for daily distribution of products
Mat Graves
mathew.graves@svn.com
909.633.4818
SVN | ACCEL COMMERCIAL REAL
ESTATE

Sale Price
Size
Price/Acre
LAND | 1001 EAST PRINCETON DRIVE | PRINCETON, TX
$1,925,000
2 acres
$962,500
● Ideally positioned on Princeton's major
thoroughfare, Highway 380, with over 370' in
frontage
● Situated in front of the newly constructed
apartments and across from Princeton's two high
school campuses
● Site plans were included in the sale and land is
permit ready with the city, providing the buyer
with the flexibility to begin development
immediately if desired
Courtney Stanford,
CCIM
courtney.stanford@svn.com
972.998.2361
SVN | DUNN COMMERCIAL

Sale Price
Size
Price/Acre
LAND | 628 BAUGH DRIVE | FRONT ROYAL, VA
$1,742,000
23.4 acres
$74,444
● Property required SUP for Construction
Equipment Storage, within Business Park
● Transaction took 5 months to close
● 3rd transaction with this purchaser
● Working on 4th now
5.19%
Jim Guisewhite
jim.guisewhite@svn.com
540.325.0573
SVN | COMMERCIAL
SPECIALISTS

Sale Price
Size
Price/SF
Cap
RETAIL | 740 GRAND AVE | SAINT PAUL, MN
$1,600,000
7,927 SF
$202
● ±7,927 SF building (GBA) with ±6,727 RSF of
retail/office space on the bustling commercial
corridor of Grand Avenue in Saint Paul
● Seven (7) parking spots in a lot directly behind the
building
● Sold to a local group of investors that plan to
lease out the previous owner's suite
5.19%
Edward Rupp
edward.rupp@svn.com
952.820.1634
Mark Battles
mark.battles@svn.com
952.820.1633
SVN | NORTHCO

Sale Price
Size
Price/SF
INDUSTRIAL | 301 E ST CHARLES RD | CAROL STREAM, IL
$1,260,000
8,600 SF
$147
● 1 Acre Secure Lot in DuPage County
● 2,600 SF Office/Shop
● 5,000 SF covered parking
● Zoned 'by right' for Material, Vehicle, and
Equipment Storage
David Coupe
david.coupe@svn.com
847.812.8414
SVN | CHICAGO COMMERCIAL

Sale Price
Size
Price/SF
OFFICE | 161 PROSPEROUS PLACE | LEXINGTON, KY
$1,250,000
10,200 SF
$123
● Buyer consolidating into one facility
● During escrow, SVN helped Buyer sell
property in order to exchange into
purchased property
● To accelerate occupancy, Buyer leased the
property from the Seller during escrow
period
Wade Haga
wade.haga@svn.com
859.285.2202
ESTATE

Sale Price
Size
Price/Acre
LAND | OLD HIGHWAY 250 | CLAXTON, GA
$1,200,000
459.89
$2,609
● Low volatility, secure investment with
future periodic timber sales
● Accessible location that provides travel
convenience
● Excellent deer and duck habitat with
endless hunting possibilities
● Well established road system and food
plots
Chap Shuman
chapman.shuman@svn.com
912.661.3891
SVN | SAUNDERS RALSTON
DANTZLER

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
$531,810+
$20,927,000+

Price
Buy Side Fee
Size
Price/Acre
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
MARINA | 3034 S HIGHWAY A1A | MELBOURNE BEACH, FL
$6,500,000
$195,000
2.18 acres
● Own and manage a 42-slip marina and luxury
amenities within the esteemed Harbor Island Beach
Club community
● Club Fees provide a secure income stream with lien
rights, estimated to be $207,504 NNN
● Marina net operating income is anticipated to be
$321,577 upon stabilization
● Combined NOI of $529,181 at stabilization with yield
on cost estimated at 7.2%
● Visit: www.SVNMarinas.com for more information
7%
David Kendall
david.kendall@svn.com
561.723.8463
Mike Howell
mike.howell@svn.com
617.270.4905
Sarah Delano
sarah.delano@svn.com
703.309.3162
SVN | SAFE HAVEN ADVISORS
$2,981,651

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS PROPERTY HIGHLIGHTS
Cap
OTHER | 1304 MCCALLIE AVE | CHATTANOOGA, TN
$6,500,000
$180,000
21,378 SF
● 100% Occupied, Net-Leased Investment
● 4 great tenants on long-term leases with
annual escalations
● Building was completely gutted and
redeveloped between 2018-2022
● Everything is "new" from utilities to HVAC
to TPO roof and all tenant improvements
● Highly visible and convenient location with
tons of parking!
9.10%
$304
John Markley
john.markley@svn.com
423.243.6348
SVN | SECOND STORY REAL
ESTATE MANAGEMENT
6.23%

Price
Buy Side Fee
No. of Units
Price/Unit
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
SFR PORTFOLIO | 29 UNIT PORTFOLIO | CLEVELAND, OH
$2,325,000
2.5%
29 units
● Almost all units have been
renovated/updated since 2021
● 2 of the current vacancies are being
renovated and will be delivered rent ready
● 18 of 19 properties are located with a 1.8
mile radius (6 min. drive) and all properties
within 7 mile radius
● Professionally leased and managed
9.10%
$80,172
Nichole Booker, PhD
nichole.booker@svn.com
330.475.5500
Olivia Reichenbach
olivia.reichenbach@svn.com
440.781.2811
SVN | SUMMIT COMMERCIAL
REAL ESTATE ADVISORS

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 404 WASHINGTON BOULEVARD | MUNDELEIN, IL
$1,950,000
$48,750
31,600 SF
● 31,000 SF well-maintained industrial building on
2.4 AC lot featuring a large parking lot approved
for outside storage and truck parking
● 21% office and the remainder warehouse with a
loading dock, DID, and heavy power.
● Low Lake County Property Taxes, and located in
2nd largest municipality in Lake County
● 30 miles northwest of downtown Chicago and 20
miles north of O'Hare International Airport
7%
Olivia Czyzynski
olivia.czyzynski@svn.com
312.676.1862
Jennifer Hopkins
jennifer.hopkins@svn.com
630.335.6285
Caitlin Crawford
caitlin.crawford@svn.com
773.971.8317
SVN | CHICAGO COMMERCIAL
$62

Price
Buy Side Fee
Size
Price/Acre
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
LAND | 613 AMHERST STREET | NASHUA, NH
$1,350,000
$33,750
.78 acres
● Highly visible retail location
● Rare redevelopment opportunity
● Two parcels of land and two buildings
● Signalized 4-way intersection
● Located on busy RTE 101-A
7%
Sean Coughlin
sean.coughlin@svn.com
603.493.8581
SVN | MASIELLO GROUP
$1,053,000

Price
Buy Side Fee
Size
Price/Acre
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
LAND | TRIPORT CIRCLE | GEORGETOWN, KY
$1,252,000
$37,560
15.65 acres
● Utilities available to the site
● +1,500’ of linear frontage to I-75
● +/- 2.8 miles to Toyota Motor
Manufacturing of Kentucky
● One of the last remaining developable
tracts in the Delaplain Industrial Park
7%
John Bunch, SIOR
john.bunch@svn.com
859.433.8911
Gabe Measner
gabe.measner@svn.com
859.630.7106
ESTATE
$80,000

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS PROPERTY HIGHLIGHTS
Cap
INDUSTRIAL | 1315 WEST 18TH STREET | ANDERSON, IN
$1,050,000
$36,750
30,542 SF
● Outdoor Storage
● 3.05 Acres
● Fenced Lot
● 16' Overhead Door
● Loading Dock
● Opportunity for investor/end-user
7%
Jess Lawhead, CCIM
jess.lawhead@svn.com
317.454.2241
Zach Alfs
zach.alfs@svn.com
317.292.6065
SVN | NORTHERN COMMERCIAL
$34

Price
Buy Side Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 3321 BLOSSOM DRIVE | SALEM, OR
Unpriced
2.5%
12,210 SF
● 31 doors for efficient loading and unloading
of goods
● Proximity to major transportation routes,
enhancing accessibility and logistical
advantages
● Significant lot size, allowing for current
operations and potential future growth
● Located in a prime industrial area,
surrounded by businesses and amenities
that cater to industrial need
9.10%
112,210 SF
Ryan Imbrie
ryan.imbrie@svn.com
503.208.9403
SVN | IMBRIE REALTY
Curt Arthur, SIOR
curt.arthur@svn.com
503.588.0400
SVN | COMMERCIAL ADVISORS

Lease Rate
Lease Terms
Tenant Rep Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 811 N 1ST ST | SILVERTON, OR
$0.47/month (NNN)
March 31, 2027
2.5%
● Sub-lease but owner will consider selling
● Only food processing facility available in
OR over 25,000 SF
● Onsite sanitation facility
9.10%
115,860 SF
Curt Arthur, SIOR
curt.arthur@svn.com
503.588.0400
Nick Williams
nick.williams@svn.com
503.588.0400
SVN | COMMERCIAL 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!
TUESDAY
APRIL 9
SINGLE TENANT INVESTMENT
PRODUCT COUNCIL MEETING
11:30 AM EST | 8:30 AM PT
April 8-13, 2024
THURSDAY
APRIL 11
LIGHTBOX - CRE TECH
SOLUTIONS FOR SVN BROKERS
2:00 PM EST | 11:00 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 4.8.24 Weekly Property Broadcast