SVN Live 03.15.21 Weekly Property Broadcast
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The SVN weekly property broadcast for March 15, 2021, introduces new advisors and provides economic updates on REIT performance, highlighting the recovery movements post-COVID. It details multiple property transactions, emphasizing commission structures and specific features of the properties. Readers are encouraged to visit the SVN website for additional listings and event information.
SVN Live 03.15.21 Weekly Property Broadcast
- 1. WEEKLY PROPERTY BROADCAST March 15, 2021
- 2. www.svn.com PAGE | WELCOME NEW SVN ADVISORS Advisor SVN Franchise & Location April Elizabeth SVN | Desert Commercial Advisors, Phoenix, Arizona Robert Nommensen SVN | Denver Commercial, Denver, Colorado Robert Bolton SVN | Alliance Commercial Real Estate Advisors, Lakeland, Florida Jake LaFemina SVN | Commercial Advisory Group, Sarasota, Florida Austin Munday SVN | Saunders Ralston Dantzler, Lakeland, Florida Robert Tuggle SVN | Saunders Ralston Dantzler, Lakeland, Florida Jaiden Dunham SVN | Creviston Realty, Inc, Rosewell, Georgia Brian C. Larsen SVN | High Desert Commercial, Idaho Falls, Idaho
- 3. www.svn.com PAGE | WELCOME NEW SVN ADVISORS Advisor SVN Franchise & Location David " Dave"Tanguay SVN | The Masiello Group, Bedford, New Hampshire Richard Ramer SVN | Bluestone & Hockley, Beaverton, Oregon Gregg Marzano SVN | Imperial Realty, Allentown, Pennsylvania
- 5. www.svn.com PAGE | REITs ● In the roughly one-year since financial markets started to show signs of distress, Equity REITs havec ontinued to make progress toward returning to pre-COVID valuations, albeit more slowly than most other public equities. Measured by NAREIT’s All Equity REIT Index, Equity REITs are down 4.1% year-over-year across all property types through February 25th. ● REITs focusing on diversified portfolios, free-standing retail, and offices continue to see share prices the furthest below year prior levels, with valuations falling year-over-year by 15.6%, 14.7%, and 14.6%, respectively. ● Timber and Self-Storage REITs have posted the most robust annual returns over the past twelve months, registering 25.9% and 18.3% gains, respectively ECONOMIC UPDATES PROVIDED BY
- 6. CLOSED DEALS
- 7. Lease Value $ Lease Terms Size Transaction Highlights Property Details 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. © 2020 SVN International Corp. RETAIL | 2217 NICHOLASVILLE RD | LEXINGTON, KY SVN | Stone Commercial Real Estate MATT STONE, CCIM, SIOR, MBA matt.stone@svn.com 859.351.5444 NATHAN DILLY nathan.dilly@svn.com 859.420.5492 WESTON LOCKHART weston.lockhart@svn.com 859.317.3538 1,406,750 • SVN was able to secure a 15 year lease with Freddy’s Frozen Custard & Steakburgers • Assisted Landlord in re-leasing this inherited property after a long term tenancy with Burger King • Landlord was pleased with collaboration of SVN in the Central Kentucky market and SVN is now providing further assistance on a similar offering 15 years 2,714 SF
- 8. Sale Price $ Size Price /SF $ Transaction Highlights Property Details 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. © 2020 SVN International Corp. RETAIL | 4709 NE MARTIN LUTHER KING BLVD | PORTLAND, OR SVN | Imbrie Realty ERIC LARPENTEUR eric.larpenteur@svn.com 503.482.2812 1,590,000 • Sought after size building with fenced parking lot • Recent $750,000 renovation • Buyer is using it for her personal indoor pickleball court and toy storage space 4,260 SF 373
- 10. www.svn.com PAGE | FEATURED INVENTORY: $10,798,000 BUY-SIDE COMMISSION: $286,455 FEATURED INVENTORY FINANCIAL SUMMARY
- 11. Price $ Buy Side Fee $ Size Price /SF $ Property Highlights Property Details 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. © 2020 SVN International Corp. RETAIL | 1401 N MONROE ST | SPOKANE, WA SVN | Cornerstone GUY BYRD guy.byrd@svn.com 509.953.5109 1,500,000 • Perfect owner/user, live/work opportunity • Retail building and updated residential home for sale on the corner of North Monroe St and West Sinto Ave • 11,060 SF retail building with 1,800 SF of usable storage space in lower level, built in 1983 • 2,666 SF adjacent house (3 bed 2 bath) is nicely updated • 27 adjacent car parks available • Building could be demised for multiple users 45,000 13,726 SF 109
- 12. Price $ Buy Side Fee $ Size Price /SF $ Property Highlights Property Details 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. © 2020 SVN International Corp. INDUSTRIAL | 2690 W BARBERRY PLACE | DENVER, CO SVN | Denver Commercial ELIZABETH LEDER liz.leder@svn.com 720.575.9109 BRIAN MCCRIRIE brian.mccririe@svn.com 720.893.2834 1,800,000 • Located in Sun Valley, which is being redeveloped with major support from the City and County of Denver • Currently being used as a multi-tenant artist's studio; includes a residential loft • Rare Quonset Hut style • Located blocks away from I-25 and 6th Ave 54,000 11,146 SF 161
- 13. Price $ Buy Side Fee $ Size Price /SF $ Cap Property Highlights Property Details 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. © 2020 SVN International Corp. RETAIL | 303 LINDEN AVE | SOUTH SAN FRANCISCO, CA SVN | Pacific Commercial Advisors KEVIN CHIN, CCIM CalDRE #00696127 kevinc@svn.com 415.922.2900 WEN TUNG CalDRE #01325346 wen.tung@svn.com 510.377.5285 1,899,000 • Prime Downtown location near new development projects • Walk to Caltrain, shops, restaurants and easy access to freeway 47,475 3,125 SF 608 4.11%
- 14. Price $ Buy Side Fee $ Size Price /SF $ Property Highlights Property Details 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. © 2020 SVN International Corp. LAND | 2739 W NORTH AVENUE | CHICAGO, IL SVN | Chicago Commercial DREW DILLON drew.dillon@svn.com 734.223.2315 STEPHEN CUSANO stephen.cusano@svn.com 312.675.4334 1,999,000 • Steps from Humboldt Park • Walking distance to the 606 Trail • Located along the North Avenue bus line which connects to the Blue, Brown and Red lines • Across the street from Cermak Produce • Fully entitled with plans and permit delivered at closing for 32 units above ground retail with NO ARO (affordable) units requirement 39,980 12,676 SF 158
- 15. Price $ Buy Side Fee $ Size Price /SF $ Property Highlights Property Details 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. © 2020 SVN International Corp. OFFICE | 7103-7107 N BLACK CANYON HWY | PHOENIX, AZ SVN | Desert Commercial Advisors ANTHONY RUIZ anthony.ruiz@svn.com 480.425.5531 JONATHAN LEVY jonathan.levy@svn.com 480.425.5538 3,600,000 • Two building office portfolio for sale • $93 PSF • Strong visibility on Interstate 17 w/ 220,000 VPD • North building fully occupied and south building vacant with T-Mobile cell tower income • $740,000 in cap ex since 2016 • 3 miles from Grand Canyon University • Vacant south building can be sold individually for $1,750,000 100,000 38, 510 SF 93
- 16. www.svn.com PAGE | March 15th-21st, 2021 EVENTS & WEBINARS WEDNESDAY MARCH 17 Best Practices Webinar 8:30am PT | 11:30am ET SATURDAY MARCH 20 Saturday Call with John McDermott 8:30am PT | 11:30am ET
- 17. www.svn.com PAGE | 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. Thank You For Joining Us!