SVN Live 11.20.23 Weekly Property Broadcast
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The document provides an overview of new SVN franchises and advisors as of November 20, 2023, along with economic updates highlighting trends in the multifamily, industrial, and retail sectors. It details recent real estate transactions, featuring various properties sold across multiple states, including hospitality, restaurant, and retail listings. Additionally, the document showcases SVN's featured inventory and financial summaries for upcoming investments and properties available for lease.
SVN Live 11.20.23 Weekly Property Broadcast
- 2. www.SVN.com Welcome New SVN franchises SVN Franchise Location SVN | Clovis Commercial Fresno, CA Managing Director: Cameron Graham
- 3. www.SVN.com Welcome New SVN Advisors Advisor Name SVN Franchise & Location Clifton Wahlberg SVN | Clovis Commercial Fresno, CA Paul Tatarian SVN | Clovis Commercial Fresno, CA Gino Torriero SVN | Commercial Partners Fort Myers, FL Bill Nguyen SVN | Saunders Ralston Dantzler Orlando, FL Robert Bohannan SVN | Saunders Ralston Dantzler Lakeland, FL Zach Berns SVN | Chicago Commercial Chicago, Illinois
- 4. www.SVN.com Welcome New SVN Advisors Advisor Name SVN Franchise & Location Jessie Gilton SVN | The Masiello Group Bedford, NH Matt Warren SVN | Imbrie Realty Portland, OR Brett Mitchell SVN | BlackStream Greenville, SC Steven Dorner SVN | BlackStream North Charleston, South Carolina Alicia King SVN | Second Story Real Estate Management Chattanooga, TN John Grimsley SVN | J. Beard Real Estate - Greater Houston The Woodlands, TX
- 6. www.SVN.com Economic Updates Provided by ○ NAR notes that the multifamily segment has seen resurging demand in 2023 as mortgage rates mount, dampening homebuying activity. Net absorption in the sector has risen by 33% over the last 12 months, while construction unit deliveries are up 17% from last year. ○ Rent prices in the industrial sector continue to expand and remain above pre-pandemic levels despite a recent deceleration in rent growth. Vacancy rates have moderated back towards pre-pandemic levels; however, this is primarily due to a 43% increase in square footage delivered over the past year. ○ Retail sector vacancies now sit at a 10-year low of 4.1% as of September. Rent growth has eased but remains above pre-pandemic levels. Further, consumer spending remains strong despite higher goods prices, keeping the sector on solid footing. CRE Market Insights
- 8. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $23,000,000 49,000 SF HOSPITALITY | 44-29 9TH STREET | LONG ISLAND CITY, NY ○ 128 guest room full service hotel ○ Hotel was in receivership and special servicing with foreclosure pending ○ Sold for conversion to housing ○ Price was double on-going hotel value ○ CMBS bondholders were fully paid; title holder's personal guarantee lifted $469 SVN | Hamm & Company TOM HAMM HammT@svn.com 203.979.8387
- 9. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $4,550,000 7,140 SF RESTAURANT | 1640 SEAWAY DRIVE | FORT PIERCE, FL ○ Spectacular waterfront restaurant directly on the Inlet ○ This is the second Waterfront Manatee Island Bar & Grill location sold by Rob Hamman and David Kendall ○ This is the fourth major waterfront restaurant Rob & David sold together $637 SVN | Waterfront Commercial Realty ROBERT HAMMAN robert.hamman@svn.com 561.346.2310 SVN | Safe Haven Advisors DAVID KENDALL david.kendall@svn.com 561.723.8463
- 10. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $4,000,000 5,601 SF RETAIL | 1160 E UNIVERSITY DRIVE | TEMPE, AZ ○ 10 month escrow ○ Redevelopment for Chick-Fil-A ○ Full price! $714 SVN | Desert Commercial Advisors JUDY JONES judy.jones@svn.com 480.385.1588
- 11. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $3,950,000 21,000 SF INDUSTRIAL | 2171 BLOUNT ROAD | POMPANO BEACH, FL ○ Represented prior seller back in 2005 (sold for $1,550,000.00) ○ Stayed in touch with the buyer ○ 18 years later, buyer is now the seller ○ $190 PSF for a metal building ○ Property was originally developed by Les Byron's father $188 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
- 12. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $2,250,000 5,915 SF OFFICE | 11810 SE DIXIE HWY | HOBE SOUND, FL ○ The owner of the building, Place Of Hope Charity, is a wonderful charity that helps abandoned and abused kids. They hired our SVN team to sell their building. ○ While they are just finishing up their new much bigger campus. ○ 30-day contract to close…cash $380 SVN | Waterfront Commercial Realty ROBERT HAMMAN robert.hamman@svn.com 561.346.2310
- 13. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $1,355,000 5,074 SF RETAIL | 18025 ROYALTON ROAD | STRONGSVILLE, OH ○ Cleveland MSA ○ Receivership sale in strong retail area ○ 57% occupancy ○ Retail Investor located in St. Louis, Missouri $267 SVN | Summit Commercial Real Estate Advisors JERRY FIUME, SIOR, CCIM jerry.fiume@svn.com 330.416.0501
- 14. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $1,275,000 3,067 SF OFFICE | 18325 N ALLIED WAY #220 | PHOENIX, AZ ○ Owner user sale ○ Record-setting PSF value in complex ○ Highly desirable North Scottsdale demographics ○ Plug-and-play office space for buyer $416 SVN | Desert Commercial Advisors RICHARD LEWIS JR. richard.lewis@svn.com 480.425.5536 JUSTIN HORWITZ, SIOR justin.horwitz@svn.com 480.425.5518
- 15. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $1,195,000 4,700 SF OFFICE | 5128 E THOMAS RD | PHOENIX, AZ ○ ±4,700 SF, two-story Arcadia office building ○ Southern edge of Arcadia residential community ○ Fully built-out first-floor office space with multiple private offices, conference room, ○ Private parking in rear of property | 4/1,000 SF ratio ○ Minutes from Old Town Scottsdale, Camelback Corridor, Downtown Tempe & Downtown Phoenix ○ Ample shopping & dining in Immediate vicinity $254 SVN |Desert Commercial Advisors JUSTIN HORWITZ justin.horwitz@svn.com 480.425.5518 RICHARD LEWIS richard.lewis@svn.com 480.425.5510
- 16. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap $1,190,000 9,100 SF SINGLE TENANT INVESTMENT | 703 EAST PINE STREET | POPLAR BLUFF, MO ○ Absolute NNN lease with 10 years remaining ○ Investment grade credit tenant ○ All cash transaction ○ 1031 exchange buyer $131 SVN | Capital West Partners ROBIN SANTIAGO, SIOR, CCIM robin.santiago@svn.com 408.601.0049 6.97% SVN | Holman Partners WILL HOLMAN will.holman@svn.com 636.628.2111
- 17. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $1,177,000 7,000 SF OFFICE | 203 207 FAIRFIELD DRIVE | NICHOLASVILLE, KY ○ The property has been 1/3 vacant for 2 years. Owner is a client of Neal Metcalfe, tried to lease it. Signed a 7 year extension on one unit with credit Orthodontist tenant, created additional long term cash flow ○ Was on market for 4 months with 2 other potential investor buyers, but didn't cash flow. Early October, this buyer approached and offered, closed for cash in less than 30 days $168 SVN | Stone Commercial Real Estate NEAL METCALFE neal.metcalfe@svn.com 859.312.8069
- 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 $6,500,000 $130,000 87,012 SF ○ Office, medical and warehouse space ○ 192 parking spaces ○ 7.18 acre lot ○ 8 miles to downtown Pittsburgh OFFICE | 275 CURRY HOLLOW RD | PLEASANT HILLS, PA $75 SVN | Three Rivers Commercial Advisors PERRY NICKLEACH perry.nickleach@svn.com 412.535.9692 7.95%
- 21. 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 $4,555,000 $91,100 21,878 SF ○ In line retail in Albertson Grocery Anchored Center ○ Freestanding mattress firm ○ 100% leased ○ Interstate 30 visibility ○ The property is just west of the Ridgmar Mall, a 1,269,135 SF regional shopping mall RETAIL | 6600 WEST FREEWAY | FORT WORTH, TX SVN | Trinity Advisors JAMES BLAKE, CCIM james.blake@svn.com 817.288.5508 $208 7.25%
- 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 $3,500,000 $122,500 6,400 SF ○ Two tenant building ○ Building fully sprinkled - some kitchen equipment to remain ○ Great access/visibility VPD +/- 18,900 ○ Adjacent to Wellstar Kennestone Hospital ○ 1 mile north of Downtown Marietta ○ 28 parking spaces (4 spaces per 1000) RESTAURANT | 724 CHEROKEE ST | MARIETTA, GA $547 SVN | Creviston Realty DEREK CREVISTON dcreviston@svn.com 770.298.7945 JAKE CREVISTON j.creviston@svn.com 770.557.5206
- 23. 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 $2,600,000 $78,000 10.38 acres ○ 10.38 acres located at the NWC of Decker Prairie Rd and Decker Dr. in Magnolia, TX ○ The property is a 70 unit RV park situated on approximately 4 acres. The plot comes with an additional ±5 acres for future development ○ Located just south of Magnolia, just north of Tomball. Minutes from the Aggie Expressway, State Hwy 249 which makes for a quick & easy access to major freeways LAND | 33317 PINEHURST LOOP | MAGNOLIA, TX SVN | J. Beard Real Estate - Greater Houston JACQUELYN PROSCH jacquelyn.prosch@svn.com 281.367.2220x179 $250,482
- 24. 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 $2,500,000 $68,750 21,548 SF ○ +/- 21,548 SF retail, light-industrial, flex building ○ +/- 1.73 acres lot zoned UD ○ Grandfathered indoor gun range (2 separate rooms and a total of 12 lanes) ○ Tri-phase electrical supply (Machinery is not included in the sale) RETAIL | 247 HANDS MILL HWY | ROCK HILL, SC $116 SVN | Blackstream ARNAUD GRAS arnaud.gras@svn.com 803.361.9056 JIMMY HERCEY james.hercey@svn.com 704.891.2717 RAN SHAPIRA ran.shapira@svn.com 626.487.4242
- 25. 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 $1,410,090 $21,151 10,542 SF ○ 6.65% cap rate ○ Annual rent: $93,771 ○ NNN Lease with 13+ years remaining ○ Corporate Guarantee: Dollar General Corporation ○ High traffic interstate location (I-64) ○ 12,500 VPD - 3,000 VPD KY-2 RETAIL | 2450 STATE HIGHWAY 2 | OLIVE HILL, KY $134 SVN | Stone Commercial Real Estate NATHAN DILLY nathan.dilly@svn.com 859.420.5492 6.65%
- 26. 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 $1,385,404 $20,781 10,542 SF ○ 6.70% cap rate ○ Annual rent: $92,822 ○ NNN Lease with 13+ years remaining ○ Corporate Guarantee: Dollar General Corporation ○ 1,600+ VPD RETAIL | 164 NORTH LEVISA ROAD | MOUTHCARD, KY $131 6.7% SVN | Stone Commercial Real Estate NATHAN DILLY nathan.dilly@svn.com 859.420.5492
- 27. 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 $1,350,000 $40,500 17,160 SF ○ Downtown Geneva IL investment opportunity ○ 3-level building with mix of retail & office tenants ○ Value add property with below-market rents ○ 2nd floor tenant is a national civil engineering firm ○ Street level has a unique arcade-style layout ○ Lower level (basement) has 13 small office suites OFFICE | 322-324 W STATE STREET | GENEVA, IL $79 7.81% SVN | Landmark Commercial Real Estate NEIL JOHNSON neil.johnson@svn.com 630.938.4950 JEFF CADWALLADER jeff.cadwallader@svn.com 630.938.4950
- 28. 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 $1,250,000 $31,250 100,800 SF ○ Constructed in 2000, with steel I beams for long-lasting durability ○ 50,400 square feet of finished office space ○ 50,400 square feet of unfinished space provides versatility for various purposes, including offices, manufacturing, and warehousing half a mile from the I-86 interchange ○ Equipped with a 600 kW Cummins diesel-fueled generator and 3 Phase Electric ○ 464 parking spaces OFFICE | 101 CANADA DR | PAINTED POST, NY $12 SVN | Innovative Commercial Advisors SCOTT WARREN, CCIM scott.warren@svn.com 607.621.0439 ANGELA MARTINEZ angela.martinez@svn.com 607.651.3976
- 29. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Property Highlights Lease Rate Lease Terms Tenant Rep Fee Size SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $15/SF (NNN) 5 years min 2.5% ○ 39,219 square feet of commercial space ○ Suitable for many purposes, from retail outlets to office spaces or a combination of both ○ The lease provides ample square footage to accommodate a wide range of business activities ○ Off the I-86 ensures excellent visibility and accessibility ○ An ideal property for ambitious entrepreneurs looking to bring their business visions to life RETAIL LEASE | 420 HARRY L DR | JOHNSON CITY, NY 39,219 SF SVN | Innovative Commercial Advisors SCOTT WARREN, CCIM scott.warren@svn.com 607.621.0439 ANGELA MARTINEZ angela.martinez@svn.com 607.651.3976
- 30. 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 Subject to Offer 3% 25,265 - 1,775,940 SF ○ Join co-tenants Terrible's, Starbucks, and Tesla ○ More than 43 acres available for ground lease ○ Direct access & excellent visibility right off I-10 with an average daily traffic count of 28,132 ○ Situated 18 miles to the east of the Arizona/California border ○ Quartzsite welcomes 2 million annual visitors ○ Property is well-suited for various commercial developments including retail, hospitality/hotel, truck stops, restaurants, industrial facilities & more RETAIL GROUND LEASE | 1390 W MAIN ST | QUARTZITE, AZ SVN | Vanguard CAMERON IRONS cirons@svn.com 714.446.0600 SVN | Desert Commercial Advisors PERRY LAUFENBERG perry.laufenberg@svn.com 480.425.5510
- 31. 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 $60,000 72,250 SF 20 acres ○ 2022 Build-to-Suit for Thayer ○ Absolute net lease in Columbus OH MSA ○ 14 years of lease term remaining ○ Located in fast growing industrial corridor ○ Building and outside storage is designed to be expanded INDUSTRIAL | 3003 ETNA PARKWAY | PATASKALA, OH SVN | Angelic GABRIEL SILVERSTEIN gabriel.silverstein@svn.com 512.953.3320 SVN | Wilson Commercial Group, LLC DOUG WILSON doug.wilson@svn.com 614.206.3881
- 32. 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 Call for Offers on 12/5/23 1.5% 48,110 SF ○ DX-7 Zoning ○ 6,873 RSF per floor ○ 0.18 acres of land ○ Built in 1913 ○ 3 blocks to the Merchandise Mart Brown Line Train Station ○ Great MF or Office user redevelopment opportunity ○ T.O.D eligible property ○ 9.83 Transit Score (out of possible 10.00 maximum) OFFICE | 116-122 W ILLINOIS ST | CHICAGO, IL SVN | Chicago Commercial JAMES MEAD, CCIM james.mead@svn.com 708.289.0297
- 33. www.SVN.com Events & Webinars TUESDAY NOVEMBER 21 Office Product Council Meeting 1:00 PM ET | 10:00 AM PT Date: November 20 - 25, 2023
- 34. THANK YOU for joining us!
- 35. 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.