SVN Live 01.24.22 Weekly Property Broadcast
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The document provides an overview of real estate investment trusts (REITs) performance in 2021, emphasizing significant growth in self-storage and industrial sectors, while traditional office, hotel, and retail REITs faced challenges. It also details various closed transactions across multiple properties, highlighting impressive sale prices and favorable terms for buyers and sellers. Overall, the report reflects a strong year in commercial real estate transactions and outlines SVN's commission structure.
SVN Live 01.24.22 Weekly Property Broadcast
- 3. www.SVN.com Economic Updates Provided by ○ Real Estate Investment Trusts (REITs) experienced a booming year in 2021, taking advantage of Commercial Real Estate’s resiliency throughout the pandemic. According to FTSE NAREIT, Equity REITs have climbed by 36% year-to-date through December 23rd, 10 percentage points higher than the S&P 500, according to an analysis by TheRealDeal. ○ Self-storage REITs have taken the crown since the start of the pandemic, climbing by more than 80% since March 2020. The industrial sector has been another huge winner, climbing by an average of more than 40%. Office, Hotel, and Retail REITs, on the other hand, have struggled. REITS: 2021 IN REVIEW
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre Confidential 310 acres X GOLF & RESORT | 9000 PINEWOOD VALLEY ROAD | HARSHAW, WI ○ Pinewood Country Club: Most scenic 18 hole course in the region, located in popular Northwoods WI vacation destination ○ 300+ acres of land with areas for future development ○ 6000+ SF clubhouse with pro shop, restaurant and banquet facilities ○ Driving range and putting & chipping greens; all carts and equipment owned ○ Profitable operation for 3 generations; new owners also have strong family ties to the golf industry SVN | Northco FRANK JERMUSEK frank.jermusek@svn.com 952.820.1615 EMILIA MOLLE emilia.molle@svn.com 952.820.1618 CAMERON PETERSON cameron.peterson@svn.com 952.820.1688
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $1,540,000 10,350 SF $149 INDUSTRIAL | 295 BUNYAN AVENUE | BERTHOUD, CO ○ Strong activity ○ Closed in 35 days ○ Sold to investor that will re-tenant space ○ Seller extremely satisfied with results and sale process SVN | Denver Commercial COBEY WESS cobey.wess@svn.com 970.488.3162
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap $1,558,000 7,547 SF $206 OFFICE | 9720 W TROPICANA AVENUE | LAS VEGAS, NV ○ Sale leaseback with newly signed 10 year lease (150+ location operator) ○ Multiple offers received, closed in under 30 days ○ All cash purchase SVN | The Equity Group ERIC ROGOSCH eric.rogosch@svn.com 702.527.5313 JASON PARK jason.park@svn.com 702.527.5188 5.9%
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $1,963,000 20,663 SF $95 INDUSTRIAL | 3081 MCNAB ROAD | POMPANO BEACH, FL ○ Now back on the market for lease ○ Owner will sell in 13 months for $5.4M or $261 psf ○ Strike while the iron is HOT! 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
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $2,220,000 10,000 SF $222 INDUSTRIAL | 741 NW 57TH PLACE | FT LAUDERDALE, FL ○ We sold it twice in 2021! ○ August - $1,350,000 | December - $2,200,000 ○ The new owner – coated roof, painted int. & ext. and installed a new office a/c ○ Not a bad 4 month return! SVN | Commercial Realty KEITH KIDWELL, CCIM, SIOR keith@svncr.com 954.234.8777 LES BYRON, CCIM, SIOR les@svncr.com 954.401.4713 STEVE DAVIS steve@svncr.com 954.650.7824
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Lease Value Lease Terms Size $2,646,000 15 years 4.54 acres RETAIL | 42675 US HWY 280 | SYLACAUGA, AL ○ Located site & represented developer in land purchase ($904,000.00) ○ Purchased four separate parcels ○ Negotiated 15 year absolute NNN lease with Corporate Circle K ○ Coordinated ALDOT permits, easements, and demolition ○ Will represent developer once tenant is open as he will take to the market SVN | JJMottram JOHN MOTTRAM john.mottram@svn.com 334.356.1771
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre $3,168,000 20 acres $158,400 LAND | 5400 PAN AMERICAN BLVD | NORTH PORT, FL ○ 288 units of affordable apartments ○ Owner had 47 acres and retained 27 acres for other users ○ Contract in August and close in December SVN | Commercial Partners RON ZEIGLER ron.zeigler@svn.com 941.350.9636
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $3,200,000 15,000 SF $213 INDUSTRIAL | 2525 NEW LENOX | JOLIET, IL ○ Sale for assemblage ○ 168 day ownership ○ 57% profit over initial investment ○ Contract to close in 69 days SVN | Chicago Commercial KAREN KULCZYCKI kkulczyckii@svn.com 312.602.5346
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre $4,000,000 15 acres $266,667 LAND | 3000 PINE ISLAND RD | CAPE CORAL, FL ○ 292 units of market rate apartments ○ Sold land (169 acres) to a horizontal developer, then represented the new owner with this sale ○ 2nd multifamily sale from the 169 acres ○ SVN | Commercial Partners (previously SVN | Lotus) has multiple purchases and sales with this seller in Cape Coral and other markets ○ 2nd land for apartments transaction with the buyer in 2021 SVN | Commercial Partners RON ZEIGLER ron.zeigler@svn.com 941.350.9636 ASHLEY BLOOM ashley.bloom@svn.com 941.961.7109
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $6,000,000 73,768 SF $81 OFFICE | 41 SIMON ST | NASHUA, NH ○ Sold to owner occupant ○ Buyer relocating from neighboring state ○ Great collaboration from within SVN SVN | The Masiello Group CHRIS PASCUCCI chris.pascucci@svn.com 603.494.8960 BRIAN DANO brian.dano@svn.com 603.377.0309
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap $6,175,000 19,120 SF $323 RETAIL | 335-345 E SILVERADO RANCH BOULEVARD | LAS VEGAS, NV ○ 19,120 SF retail center ○ Opened escrow with leases pending ○ Sold 100% leased ○ 6.28% cap rate SVN | The Equity Group CARLOS MORENO carlos.moreno@svn.com 702.527.7652 DAVID HOULE david.houle@svn.com 702.527.7547 6.28%
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF SVN | Stone Commercial Real Estate $6,575,000 4,650 SF $1,414 RETAIL | 560 SAM RIDLEY PARKWAY WEST | SMYRNA, TN ○ Worked with repeat buyer on closing absolute net deal in Nashville MSA ○ Sourced property off-market through brokerage relationship with local broker representing developer ○ CAP rates for comparable properties are already compressed 25 to 40 basis points from close price MATT STONE, CCIM, SIOR, MBA matt.stone@svn.com 859.306.0593 WESTON LOCKHART weston.lockhart@svn.com 859.306.0613
- 17. 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre $7,300,000 29 acres $251,724 LAND | 500 R&F RANCH RD | NOKOMIS, FL ○ 250 rental units ○ Represented assemblage of 3 owners ○ Sold to a developer of build for rent paired villas ○ Adjacent to hospital under construction ○ Took deal from city annexation to final site plan approval SVN | Commercial Partners RON ZEIGLER ron.zeigler@svn.com 941.350.9636 ASHLEY BLOOM ashley.bloom@svn.com 941.961.7109 ROB HENRY rob.henry@svn.com 352.631.4200
- 18. 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit Cap $8,900,000 55 units $161,818 MULTIFAMILY | 218 MILLBRIDGE DRIVE | SYCAMORE, IL ○ 2012-17 construction ○ Highest price per unit ever achieved in the market ○ Sold on pro-forma rent increases SVN | Chicago Commercial REID BENNETT, CCIM reid.bennett@svn.com 773.251.7342 CODY DORAN cody.doran@svn.com 309.235.0995 5.3%
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit Cap $24,500,000 233 units $105,150 MULTIFAMILY | 233 UNIT PORTFOLIO | PEORIA, IL ○ Out-of-state 1031 purchaser ○ NOI increased over $100K while under contract ○ Record setting price per unit in the market SVN | Chicago Commercial REID BENNETT, CCIM reid.bennett@svn.com 773.251.7342 CODY DORAN cody.doran@svn.com 309.235.0995 5.36%
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size VARIOUS | MULTIPLE ADDRESSES | NEW MEXICO TBD - Auction 2% 427+ Parcels ○ ONLINE BANKRUPTCY AUCTION ARCHDIOCESE OF SANTA FE CASE NO.: 18-13027-t11 ○ Phase 2 Bidding Jan. 31-Feb. 7 ○ 427+ Parcels in 96+ Offerings ○ Properties throughout 15 counties ○ www.ASFBankruptcyAuction.com SVN | Walt Arnold Commercial Brokerage SVN | Auction Services LARRY ILFELD, CCIM, ALC ilfeld@svn.com 505.265.4401 WALT ARNOLD, SIOR, CCIM walt.arnold@svn.com 505.256.7573 LOUIS FISHER, CAI fisherl@svn.com 954.931.0592 DAVID GILMORE, CCIM, CAI, AARE gilmored@svn.com 504.228.6606
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units MULTIFAMILY | 40 SEACLIFF DRIVE | LEAMINGTON, ON Unpriced 50% 593 units ○ 5 newly constructed apartment building portfolio, located in Southwestern Ontario ○ Year Built: 2017-2021 ○ 100% occupancy and no bad debt in completed buildings ○ 10 year tax grant for 3 of the 5 buildings ○ Very low supply of new product in the market draws demand from wide catchment area ○ Tenant Demographic: retirees aged 55+ with a small proportion of students ○ Proven upside between buildings SVN | Rock Advisors ALEXANDER ORGACKI alexander.orgacki@rockadvisorsinc.com 647.522.9016 JONATHAN REGO jonathan.rego@rockadvisorsinc.com 905.565.4436 CAROLYN ENNEST carolyn.ennest@rockadvisorsinc.com 905.331.5700
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Tenant Rep Fee Size MIXED USE | 100 JENSON DR | HOUSTON, TX Subject to Offer 4% of Gross Rent 250,000 SF ○ Phase 1: 250,000 SF Class A-Office Space ○ Pre-leasing the first phase of East River, 26 acres of amenity rich outdoor connections, including rooftops, curated retailers, and a 9-hole Par 3 golf course. ○ Rising along the Buffalo Bayou, East River is less than a one-mile walk from Houston Downtown, providing ease of access to the amenities in the CBD and East End Cultural Arts District ○ Download Office Guidebook: www.eastriverhtx.com SVN | J. Beard Real Estate - Greater Houston BRANDI SIKES brandi.sikes@svn.com 832.721.4032 SOBI QAZI sobi.qazi@svn.com 832.454.2855
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF INDUSTRIAL | 1125 MCCABE AVE | ELK GROVE VILLAGE, IL $1,232,000 $30,800 14,000 SF ○ Rare free-standing air freight building available for sale located just South of Landmeier Rd in the heart of Elk Grove Village ○ The building is minutes to the I-90/Elmhurst Rd four-way interchange and two miles from the Arlington Heights Rd ramps to I-90 ○ Great access to O’Hare airport ○ Two (2) exterior truck level docks and one (1) DID $88 JOHN JOYCE, CCIM john.joyce@svn.com 847.778.1254 SVN | Chicago Commercial HARRISON WRIGHT harrison.wright@svn.com 314.306.0182
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF RETAIL | 721 N NORWOOD STREET | WALLACE , NC $1,280,000 $32,000 117,920 SF ○ Value add repurpose opportunity ○ Former Walmart ○ Multiple commercial uses ○ Unobstructed "super wide" frontage ○ Zoned highway business commercial ○ Signalized Intersection ○ 3 miles to Interstate 40 SVN | Efird Commercial Real Estate FRANK EFIRD frank.efird@svn.com 910.200.0037 $11 SVN | Hamm & Company ROBERT LEVIN levinr@svn.com 212.866.5858
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre LAND | 626 EVA STREET | GOLDEN, CO $1,550,000 $46,500 12.53 acres ○ 12.5+ acres of R-1 residential zoned land ○ Highly land constrained market ○ Directly adjacent to trailhead for hiking, climbing, and other outdoor activities ○ All utilities to site $123,703 JEFF HEINE jeff.heine@svn.com 303.937.4492 SVN |Denver Commercial
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF MULTIFAMILY | 3325-3345 HARBERER AVE | DAYTON, OH $1,800,000 $36,000 94,428 SF ○ Feb. 1st 10AM-1PM open house ***on-site evaluations*** ○ 100 unit apartment complex ○ 3 buildings ○ 60 2BR/1BA and 40 1BR/1BA ○ Fully vacant, full restoration project ○ Strong upside opportunity $19 SETH ASMAN seth.asman@svn.com 614.747.2052 SVN | Wilson
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre LAND | 239 SEVILLE ROAD & WALL ROAD | WADSWORTH, OH 2,500,000 $75,000 207.588 acres ○ One of the fastest growing areas in the state of Ohio ○ Near Interstate 76 & 71 Interchange ○ Enormous development potential ○ Rail access ○ Seller financing available and seller is motivated $12,043 SVN | Summit Commercial Real Estate Advisors JERRY FIUME, SIOR, CCIM jerry.fiume@svn.com 330.416.0501
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre Cap GOLF & RESORTS | 801 COUNTY ROAD 453 | LAKE GEORGE, CO $3,995,000 $119,850 80 acres ○ Turn-key historic ranch and resort property including cabins, RV sites and camping sites ○ 80 acres of private land with mountain views surrounded by 350,000 acres of the Pike National Forest, less than 2 hours from Denver ○ Many recreational activities are provided on-site and nearby ○ Numerous growth and development opportunities exist including the expansion of units and amenities/activities SVN | Northco FRANK JERMUSEK frank.jermusek@svn.com 952.820.1615 EDWARD RUPP edward.rupp@svn.com 952.820.1634 EMILIA MOLLE emilia.molle@svn.com 952.820.1618 BROOKE BLESER brooke.bleser@svn.com 952.820.1619 14.04% $49,938
- 31. 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre LAND | SEC OF STUENKEL ROAD AND CENTRAL AVE | UNIVERSITY PARK, IL $1,190,000 $35,700 7.5 acres ○ Land just east of the new I-57 interchange with Stuenkel Road ○ Just off the new SEC Four Way Lighted interchange of Stunkel and Central ○ Water/Sewer on Stuenkel and Central ○ New projects close by on Central/Stuenkel Amazon, Georgia Pacific ROC, Central Steel and Wire plant coming and Carvana development ○ 10+/- Acres at SEC Commercial Carve out sold to national gas/diesel service station chain $158,667 NICK MANGANAIS nick.manganais@svn.com 312.756.7332 SVN | Chicago Commercial
- 32. 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre LAND | SEC OF STUENKEL ROAD AND CENTRAL AVE| UNIVERSITY PARK, IL $5,890,000 $176,700 55.64 acres ○ Land just east of the new I-57 interchange with Stuenkel Road ○ Just off the new SEC Four Way Lighted interchange of Stunkel and Central ○ Water/Sewer on Stuenkel and Central ○ New projects close by on Central/Stuenkel Amazon, Georgia Pacific ROC, Central Steel and Wire plant coming and Carvana development ○ 10+/- Acres at SEC Commercial Carve out sold to national gas/diesel service station chain $105,859 NICK MANGANAIS nick.manganais@svn.com 312.756.7332 SVN | Chicago Commercial
- 33. 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap SFR PORTFOLIO | 73 HOME SFR INVESTMENT PORTFOLIO | ALBANY, GA $6,225,300 $62,253 73 units ○ Visit www.SFRhub.com and search for portfolio 100908 for more information ○ 67 single-family detached homes and 6 duplex units-Average home size of 1,345 square feet ○ Self-managed staff member willing to continue with a new owner ○ Average monthly rent of $698 ○ Average home vintage is 1961 ○ BOR: Gary Martin & Associates LLC, - Gary Martin - President 6.53% $85,278 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 SVN | SFRhub Advisors MICHAEL FINCH michael.finch@svn.com 480.797.9825
- 34. 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap RETAIL | 2202-2308 E PIKES PEAK AVENUE | COLORADO SPRINGS, CO $12,520,000 $250,400 72,740 SF ○ Value-add retail opportunity in booming Colorado Springs market ○ Desirable Infill location near downtown ○ Includes freestanding US Bank Building ○ Excellent access and visibility ○ Established long-term anchor tenants ○ Low rents and priced well below replacement cost 8.05% SVN |Denver Commercial $172 TROY MEYER troy.meyer@svn.com 303.974.5737 KEVIN MATTHEWS kevin.matthews@svn.com 303.974.5893
- 35. 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF LAND | 1600 NE 2ND AVE | MIAMI, FL $14,295,000 $285,900 24,150 SF ○ Opportunity zone ○ Omni CRA redevelopment overlay ○ Transit oriented development (TOD) ○ 277 residential units by right @ $51,606 /unit ○ Many as of right uses for this property ○ An additional 12,600 SF adjacent lot available for assemblage $592 RUBEN RUBAN ruben.ruban@svn.com 312.925.7329 SVN | Commercial Partners ASHLEY BLOOM ashley.bloom@svn.com 941.961.7109
- 36. THANK YOU for joining us!
- 37. 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.