SVN Live 05.02.22 Weekly Property Broadcast
Download as PPTX, PDF0 likes231 views
The document announces new SVN franchises and advisors across several U.S. locations while providing economic updates on the office real estate sector, highlighting changes in cap rates and transaction volumes. It details various closed property transactions, showcasing sale prices, occupancy rates, and lease structures for commercial properties. Key highlights include notable deals in Ohio, North Carolina, California, and other states, along with commission structures for SVN transactions.
SVN Live 05.02.22 Weekly Property Broadcast
- 2. www.SVN.com Welcome New SVN franchises SVN Franchise Location SVN | Ascension Commercial Realty Managing Director: Tim Schlachter Toledo, Ohio
- 3. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Shannon Skipper SVN | A V A T Realty, LLC Huntsville, AL David Walle SVN | Commercial Advisory Group Sarasota, FL Cleveland Saxinpreu SVN | Commercial Partners Boca Raton, FL George Walla SVN | Commercial Partners Port Charlotte, FL Chris Carbaugh SVN | Miller Commercial Real Estate Salisbury, MD Sharon Daugherty SVN | Miller Commercial Real Estate Salisbury, MD Dolly Smith SVN | The Masiello Group Bedford, New Hampshire
- 4. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Steve Soucy SVN | The Masiello Group Bedford, New Hampshire Lindsay Injaychock SVN | Blackstream Charlotte, NC Steffen McNerney SVN | Ascension Commercial Realty Toledo, OH Michael McGauley SVN | Second Story Real Estate Management Chattanooga, TN Don’ta Brooks SVN | Wood Properties Knoxville, TN Drew Yazbeck SVN | J. Beard Real Estate - Greater Houston The Woodlands, TX Elle Spencer SVN | J. Beard Real Estate - Greater Houston The Woodlands, TX
- 5. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Omar Sadaoui SVN | Cornerstone Spokane, WA Brian Downey SVN | Ascension Commercial Realty Toledo, OH John Healy SVN | Ascension Commercial Realty Toledo, OH Steffen McNerney SVN | Ascension Commercial Realty Toledo, OH Stephanie Pilgrim SVN | Ascension Commercial Realty Toledo, OH Fadi Sbehi SVN | Ascension Commercial Realty Toledo, OH Mike Scannell SVN | Ascension Commercial Realty Toledo, OH
- 6. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Rami Sebai SVN | Ascension Commercial Realty Toledo, OH Dean Skillman SVN | Ascension Commercial Realty Toledo, OH Parker Wilson SVN | Ascension Commercial Realty Toledo, OH
- 8. www.SVN.com Economic Updates Provided by ○ According to Real Capital Analytics, Office sector cap rates have ticked up in recent months but remain near all-time lows, experiencing a slight increase from 6.2% to 6.3% ○ in Q1 2022. Office cap rates are down by 20 bps year-over-year. ○ Cap rates for Suburban Office assets compressed by 40 basis points to 6.3% between Q1 2021 and Q1 2022. Office assets in Central Business Districts (CBD) saw cap rates rise by 80 bps to 5.9% from the previous quarter and are up 60 basis points from one year ago. ○ Office sector transaction volumes fell steeply in Q1 2022, declining by 37.3% to $35 billion. Both Suburban and CBD Office saw transactions fall by 35% or more. ○ Office sector valuations measured on a per square foot basis remained relatively unchanged, rising from $290 per square foot to $293 per square foot from the previous quarter. They are up 43.7% year- over-year. Officer Sector Update
- 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 Sale Price Size Price/SF SVN | Stone Commercial Real Estate $1,170,000 30,000 SF $39 INDUSTRIAL | 475 GAWTHROP DRIVE | WINCHESTER, KY ○ Hired on behalf of the executor of the estate for an unexpected loss in the family ○ Was able to walk the executor through the process of a real estate disposition ○ Set realistic expectations and exceeded the goals of the family and their estate. ○ This was a co-brokered transaction JOHN BUNCH, SIOR john.bunch@svn.com 859.433.8911 MATT STONE, CCIM, SIOR, MBA matt.stone@svn.com 859.306.0593
- 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/SF $2,175,000 8,972 SF $242 OFFICE | 5417 S. MIAMI BLVD | DURHAM, NC ○ Sold at full asking price to an Owner-Occupant based out of Ohio as a regional office ○ A feeding frenzy of buyer activity with multiple full-priced offers ○ Buyer distinguished its offer by making a significant non-refundable deposit on day 1 ○ Difficult-to-find free standing building with parking on the edge of the Research Triangle Park CAREY GREENE carey.greene@svn.com 919.287.2135 SVN | Real Estate Associates
- 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 No. of Units Price/Unit Cap $2,350,000 4,710 SF $499 RETAIL | 1521 UNIVERSITY AVE | RIVERSIDE, CA ○ Corporate guaranteed NNN lease with AVIS / Budget ○ AVIS / Budget has occupied the site for nearly 4 decades 4% JON DAVIS jon.davis@svn.com 949.558.0302 SVN | Vanguard
- 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/SF $3,462,000 4,800 SF $721 OFFICE | 1930 VIA CENTRE | VISTA, CA ○ All cash buyer ○ Competitive bid process with 12 offers on asset and close above asking price ○ 10-day contingency period and escrow closed within 25 days of acceptance ○ Medical sale-leaseback with a 15-year NNN lease signed at closing JON DAVIS jon.davis@svn.com 949.558.0302 SVN | Vanguard
- 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 SVN | Gold Dust Commercial Associates $3,100,000 19,200 SF $161 INDUSTRIAL | 85 ISIDOR COURT | SPARKS, NV ○ 19,200 SF freestanding class A industrial building ○ Built in 2005 and in shell condition ○ Sports 4 grade level doors ○ Large 0.39 AC fenced and paved yard ○ Well situated in the Northern Nevada industrial market which boasts one day truck service to eight states and two day truck service to 11 western states ○ Located only minutes from the town center of Spanish Springs TOMI JO LYNCH, SIOR CCIM tomijo.lynch@svn.com 775.825.3330
- 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 No. of Units Price/Unit Cap $13,600,000 42 units $323,810 SFR PORTFOLIO | 42 HOME SFR INVESTMENT PORTFOLIO | SAN ANTONIO, HOUSTON, AUSTIN, TX ○ All homes contained within three separate subdivisions built in 2021 ○ 100% occupied at COE ○ Austin & Houston homes built by Public Home Builder and San Antonio homes built by larger regional builder ○ Total of 42 Homes in the Austin, Dallas and San Antonio are mostly 3 or 4 bedroom home, averaging sale orice $309,809 per home 4.38% MICHAEL FINCH michael.finch@svn.com 602.441.5354 MARK PETERSON mark.peterson@svn.com 602.441.5354 SVN | SFRhub Advisors GERARD PASTRANO gpastrano@svn.com 210.354.0400 SVN | Pastrano Commercial Real Estate
- 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. © 2022 SVN International Corp. Property Details Property Highlights Lease Rate Lease Terms Tenant Rep Fee Size $1,262,016 5 years $31,550 ○ 5-year base with (2) five-year options ○ Turnkey restaurant near University of Nevada Las Vegas & Las Vegas Strip ○ Close proximity to Harry Reid International Airport ○ 85 parking spaces | 1.28 acre lot | C-2 zoning ○ Suitable for Supper Club (5 gaming machines) ○ Option for sale at a price of $5,500,000 RESTAURANT | 1375 E TROPICANA AVENUE | LAS VEGAS, NV SVN | The Equity Group BEDFORD JACKSON bedford.jackson@svn.com 702.527.7593 8,794 SF
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap $1,418,175 $42,545 5,157 SF ○ Long term sale leaseback ○ Offering NNN lease structure ○ Three percent (3%) annual increases ○ Well established executive office/virtual office operator ○ In operation since 2006 $275 SVN | Desert Commercial Advisors JUSTIN HORWITZ justin.horwitz@svn.com 480.425.5518 RICHARD LEWIS richard.lewis@svn.com 480.425.5536 PAUL BORGESEN paul.borgesen@svn.com 480.425.5516 6% OFFICE | MESA OFFICE PLAZA - 2942 N 24TH ST | MESA, AZ
- 20. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap $4,256,775 $127,703 18,919 SF ○ Long term sale leaseback ○ Offering NNN lease structure ○ Three percent (3%) annual increases ○ Well established executive office/virtual office operator ○ In operation since 2006 $225 SVN | Desert Commercial Advisors JUSTIN HORWITZ justin.horwitz@svn.com 480.425.5518 RICHARD LEWIS richard.lewis@svn.com 480.425.5536 PAUL BORGESEN paul.borgesen@svn.com 480.425.5516 6% OFFICE | BILTMORE OFFICE PLAZA - 2942 N 24TH ST | PHOENIX, AZ
- 21. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF $1,450,000 $43,500 5,887 SF ○ Built in 1875 ○ Home of the famous D.B Loveman's and Co., one of the country's oldest fine department stores ○ Meticulously re-developed and divided into commercial and residential condominium units ○ First floor office condo-perfect office for an owner/user, or investor seeking to own a piece of this historic landmark $246 OFFICE | 807 CHERRY STREET | CHATTANOOGA, TN SVN | Second Story Real Estate Management NATALIE HOSTETLER natalie.hostetler@svn.com 423.290.2141
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre $1,499,981 $44,999 7.05 acres ○ 7.05 acres of commercial land-In the heart of the rapidly growing suburban Spokane community of Deer Park ○ C-D zoning allows retail, drive-thru, professional office, apartments and mixed- use ○ 2.52 acre parcel priced at $6.50/SF ○ 4.53 acre parcel priced at $4.00/SF $212,763 LAND | 508 W MAIN ST | DEER PARK, WA JESSE FOX jesse.fox@svn.com 509.850.2805 SVN | Cornerstone
- 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 Size Price/SF INDUSTRIAL | 8725 FAWN TRAIL | CONROE, TX $1,800,000 $54,000 9,275 SF ○ Located just 5 minutes from The Woodlands ○ 600a, 600V power ○ 1 grade level 12' roll up door ○ Approx 4,000' of warehouse ○ 2.36 AC ○ Fully gated premises ○ 30 surface parking spots $194 SVN | J. Beard Real Estate - Greater Houston BRIGHAM HEDGES brigham.hedges@svn.com 936.522.6972
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Proforma Cap $4,495,000 $134,850 40,300 SF ○ 40,300 SF Class B Office/Medical building with recent renovations to lobby and common areas ○ Value-add Investment or Owner-Occupier opportunity ○ Within 1 mile of the Conroe Medical Center and 1.5 million square feet of retail development ○ Located in Conroe, Texas, a top-10 fastest growing city in the nation according to the US Census Bureau’s May 2020 report 12.58% OFFICE/MEDICAL | 333 N RIVERSHIRE DRIVE | CONROE, TX NEAL KING neal.king@svn.com 832.978.4861 SVN | J. Beard Real Estate - Greater Houston $111
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre $2,200,000 $66,000 2.2 acres ○ 2.2 AC development project ○ Signalized intersection ○ All entitlements secured for a 6 MPD fuel station, drive-thru restaurant and a third pad for an automotive related use $1,000,000 LAND | NWC OF STATE ST & COTTONWOOD AVE | SAN JACINTO, CA STEVE CASTELLANOS stevec@svn.com 951.600.8634 JANET KRAMER, JD, CRRP janetk@svn.com 951.600.8634 SVN | Insight Commercial Real Estate Advisors
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre $2,500,000 $62,500 15.17 acres ○ Medium density residential 5-12 DU/A ○ Located within one mile radius to local school district ○ Brighton is one of the fastest-growing cities in Colorado, and also one of the fastest-growing cities in the entire nation ○ Nearby amenities: (2) 18-holes Riverdale Golf Course and Barr Lake State Park ` ○ Less than 17 miles away from DIA and Downtown Denver ○ Nearby US Hwy 85, Interstate 76, and E470 $164,799 LAND | 12480 E 124TH AVENUE | HENDERSON, CO HANH CHUNG hanh.chung@svn.com 720.882.7008 SVN | Denver Commercial
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre $2,500,000 $87,500 9.13 acres ○ In the path of development with 100's of new construction homes in the immediate vicinity ○ Adjacent to Reunion master planned community ○ Potential to rezone to residential or commercial ○ Rectangular lot with mostly flat topography $273,822 LAND | NW CORNER OF TOWER RD & 112TH AVE | COMMERCE CITY, CO JEFF HEINE jeff.heine@svn.com 303.803.3803 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre Cap $2,900,000 $87,000 1.8 acres ○ Premium location between Washington DC and Maryland beaches ○ 15 years remaining on lease with national tenant ○ Two 5-year options on lease annual rent plus percentage over break point ○ Over 70,000 cars per day ○ Strong Denny's franchisee with 9 locations 5.04% SINGLE TENANT INVESTMENT | 131 VFW AVE | GRASONVILLE, MD SVN | Miller Commercial Real Estate ROSS BENINCASA ross.benincasa@svn.com 443.390.2463 $1,611,111
- 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 OTHER | 1787 CASTLEWOOD DR | COLONIAL BEACH, VA $3,978,000 $119,340 8.02 acres ○ Colonial Beach Yacht Center is one of the last deep water harbors before reaching DC ○ 8.02 Acres of upland offers substantial opportunities for expansion ○ Includes a 1 AC full service boatyard with a 30 ton travel lift ○ The marina offers 2,400 linear feet of total billable dockage and is expandable by right ○ Includes a popular waterfront destination restaurant, which is leased to a third party operator ○ Visit www.svnmarinas.com for more information $496,010 SVN | Florida Commercial DAVID KENDALL david.kendall@svn.com 561.723.8463 SVN | Safe Haven Advisors MIKE HOWELL mike.howell@svn.com 617.270.4905 SVN | Motleys PHILLIP BAXTER phillip.baxter@svn.com 614.206.3881
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Cap $7,299,900 $145,980 12,239 SF ○ Pro Forma Cap Rate 9.6% as Hospitality ○ Highly renovated interior and exteriors ○ Zoning | FH-2 Mixed Use 140’, 14-story potential development ○ Unit Mix | 8-Hotel, 10-Studio, 5-1/1, 2-2/1, 2-2/2 Conv, 1-3/2 Conv 9.6% MULTIFAMILY | 1201 S FEDERAL HIGHWAY | HOLLYWOOD, FL SVN | Commercial Partners STEVEN PAULSEN steven.paulsen@svn.com 561.282.9299 JOHN ANDREWS john.andrews@svn.com 561.282.9298 MASON HIGHMAN mason.highman@svn.com 561.282.9297
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap $43,000,000 $215,000 118 units ○ Visit www.SFRhub.com and search for portfolio 1000974 for more information ○ The Woodlands is a to-be-developed and built 118 Home BFR community ○ First phase of homes to be delivered Q2 2023 and project completion Q2 2025 ○ Turn-key BFR community complete with property management ○ Large, family-friendly homes with 4 or 5 bedrooms, ranging from 1957sf to 2,226sf 5.29% BFR PORTFOLIO | 118 HOME BFR INVESTMENT PORTFOLIO | MEMPHIS, TN $364,407 MARK PETERSON mark.peterson@svn.com 602.825.1810 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 SVN | SFRhub Advisors GEORGE BROWN george.brown@svn.com 865.936.9999 SVN | Wood Properties
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap $60,000,000 $300,000 215 units ○ Visit www.SFRhub.com and search for portfolio 1000947 for more information- ○ Institutional grade SFR rental home portfolio ○ Fully renovated turn-key homes ○ Value Add opportunity with strong demand drivers ○ Seller is an institutional brand and recognized operator in Philadelphia 6.20% SFR PORTFOLIO | 215 HOME SFR INVESTMENT PORTFOLIO | PHILADELPHIA, PA $279,070 MICHAEL FINCH michael.finch@svn.com 602.441.5354 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 SVN | SFRhub Advisors LAURA MARTIN laura.martin@svn.com 717.737.2422 SVN | Latus
- 33. www.SVN.com Events & Webinars TUESDAY MAY 3 Retail Council Meeting 11:00 PT | 2:00 ET May 2-6, 2022
- 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.