SVN Live 08.16.21 Weekly Property Broadcast
Download as PPTX, PDF0 likes1,985 views
The document provides a comprehensive overview of various economic updates, particularly focusing on retail sales, which totaled $621.3 billion in June 2021, reflecting an 18% year-over-year increase, largely attributed to rising prices. It also highlights various real estate transactions across multiple states, covering properties such as multifamily units, offices, mixed-use developments, retail spaces, and industrial properties, often emphasizing competitive sale prices and buyer interest. The data is supplemented with contact details of SVN brokers and transaction highlights, underscoring the SVN difference in commission structure.
SVN Live 08.16.21 Weekly Property Broadcast
- 1. WEEKLY PROPERTY BROADCAST August 16, 2021
- 3. www.svn.com PAGE | ADVANCE RETAIL SALES ● According to the Census Bureau’s Advance Retail Sales estimates, retail and food services sales totaled $621.3 billion in June 2021. Sales expanded by $3.4 billion (0.6%) from the month prior, and $94.7 billion (18.0%) year-over-year. A notable portion of the annual gain is due to rapid increases in prices observed over the past year. Through June 2021, CPI notched a 5.4% year-over-year growth rate. ● Perhaps not surprisingly, spending at food service and drinking places has been picking up. In June, the category made up only 11% of total expenditures but contributed 47% of the monthly gain. Monthly gains for non-store retailers have slowed since the height of the pandemic but remain 34% above February 2020 levels. ECONOMIC UPDATES PROVIDED BY
- 5. Sale Price $ Size Price /SF $ Cap 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. MULTIFAMILY | 1544 JEFFERSON STREET | HOLLYWOOD, FL SVN | Commercial Partners STEVEN PAULSEN steven.paulsen@svn.com 561.282.9299 JOHN ANDREWS john.andrews@svn.com 561.613.1403 AUSTIN LITTLEPAGE austin.littlepage@svn.com 410.971.3207 1,225,000 255 4,801 SF • Property built in 1924 • Sold at $153,125 per door • 10+ competing offers • Out of state buyer & new market entrant • Mix of short term rental and month to month tenants Highly Competitive
- 6. 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. OFFICE | 690 W 2ND STREET | RENO, NV SVN | Gold Dust Commercial Associates CASEY PROSTINAK cprostinak@svn.com 775.813.2866 SEAN FIELD sean.field@svn.com 530.412.3797 1,050,000 274 3,828 SF • Purchased by an out of state owner • User looking to expand into Northern Nevada • Achieved 95% of the asking price • New ownership excited to bring new life into the building
- 7. Sale Price $ Size Price /SF $ Cap 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. OFFICE | 85 KEYSTONE AVENUE | RENO, NV SVN | Gold Dust Commercial Associates CASEY PROSTINAK cprostinak@svn.com 775.813.2866 SEAN FIELD sean.field@svn.com 530.412.3797 1,270,000 92 13,778 SF • Out-of-state buyer • Lease executed while in Escrow • 94% occupied at time of sale 7.02%
- 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. MIXED USE | 1010 W LAKE STREET | CHICAGO, IL SVN | Chicago Commercial DREW DILLON drew.dillon@svn.com 734.223.2315 SCOTT MAESEL scott.maesel@svn.com 312.676.1860 1.559,000 318 4,900 SF • Mixed use Fulton Market building sold to owner-user • Produced multiple offers • Seller was in 1031 exchange
- 9. Sale Price $ Size Price /Acre $ 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. LAND | 4550 SHINN RD | FORT PIERCE, FL SVN | Saunders Ralston Dantzler JEFF CUSSON, CCIM jeffcusson@svn.com 772.332.9070 2,693,178 10,637 253.2 acres • Existing PUD in place allowing 46 lots and 7 ± acres of neighborhood commercial • Property is cleared with little or no wetlands • One mile of frontage on Shinn Rd and 3,650 feet of frontage on Okeechobee Rd
- 10. 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 | 10010 COORS BLVD NW | ALBUQUERQUE, NM SVN | Walt Arnold Commercial Brokerage, Inc. KELLY SCHMIDT kelly.schmidt@svn.com 505.503.2643 WALT ARNOLD walt.arnold@svn.com 505.256.1255 2,880,000 10 years 9,237 SF • NNN Lease • 10 years; years 1-5: $30.00/sf/yr, years 6-10: $32.40/sf/yr • Former Pier One building • Great location • Building is in good condition • Leased to Aspen Dental/ ClearChoice Dental for 10 years • Great example of re-use of retail property • Owner contributed $500,000 in tenant improvement dollars
- 11. Sale Price $ Size Price /SF $ Cap 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. INDUSTRIAL | 2301 LUDELLE ST | FORT WORTH, TX SVN | Trinity Advisors JAMES BLAKE, CCIM James.Blake@svn.com 817.288.5508 8,875,000 63 140,700 SF • Add value play • SVN managed for 25 plus years • Red hot industrial market • 100% leased 3.8%
- 12. Sale Price $ Size Price /Acre $ 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. INDUSTRIAL | 2000 BRUNSWICK LANE | DELAND, FL SVN | Alliance Commercial Real Estate Advisors CARL LENTZ carl.lentz@svn.com 386.566.3726 TIM DAVIS tim.davis@svn.com 386.566.4917 12,000,000 260,870 46 acres • 375,000 SF in 6 buildings-four free standing warehouse and one office building • Main Building is 267,000 SF
- 14. www.svn.com PAGE | FEATURED INVENTORY: $ 44,890,000 +/- BUY-SIDE COMMISSION: $ 898,550 +/- FEATURED INVENTORY FINANCIAL SUMMARY
- 15. Price $ Buy Side Fee $ Size 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. INDUSTRIAL | 193-197 NORTHFIELD ROAD | NORTHFIELD, IL SVN | Chicago Commercial STEVEN HIRSCH steven.hirsch@svn.com 847.691.9409 JOHN JOYCE, CCIM john.joyce@svn.com 847.778.1254 • Clear height 18’* • Bay size 36’ x 37’ • Loading: 2 interior docks, 3 did (formerly 5 can be re-converted back) • Parking: 40 cars • Build: several unique office and built out areas for special use tenants • Projected NOI = $206,283 Subject to Offer 27,000 SF 2.5% 8.25%
- 16. Price $ Buy Side Fee $ No. of Units Price /Unit $ 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. MULTIFAMILY | 227 SE 1ST STREET | DANIA BEACH, FL SVN | Commercial Partners STEVEN PAULSEN steven.paulsen@svn.com 561.282.9299 JOHN ANDREWS john.andrews@svn.com 561.613.1403 AUSTIN LITTLEPAGE austin.littlepage@svn.com 410.971.3207 • Value add opportunity • Neighborhood residential zoning • Future land use | regional activity center city core • Blocks to downtown Dania Beach project • One mile to public beach, pier, and beachside • Unit mix (4) 2/1, (1) 1/1, (3) studio 1,350,000 8 33,750 168,750
- 17. Price $ Buy Side Fee $ Size Price/Acre $ 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 | 49 LAKEWOOD DRIVE | HATTIESBURG, MS SVN | Southgate Realty, LLC CHAMBERLAN CAROTHERS, CCIM, CPM ccarothers@svn.com 601.264.4622 • High visibility, daily traffic count of over 50,000, multiple ingress/egress options, and offers the best redevelopment opportunity in the market • Located in west Hattiesburg with 80 ft of frontage on Hwy 98 W and 308 ft of frontage on Lakewood Drive with access to traffic light on Hwy 98 • Site bordered by high traffic premium retail locations with close access to I-59, Merit Health, and The University of Southern Mississippi 2,500,000 2.41 acres 62,500 1,037,344
- 18. Price $ Buy Side Fee $ Size Price /Acre $ 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 | 2560-2564 N LAS VEGAS BLVD | NORTH LAS VEGAS, NV SVN | The Equity Group ZECHARIAH LEVI zech.levi@svn.com 702.323.9291 NOLAN JULSETH-WHITE, CCIM nolan.jwhite@svn.com 702.527.7562 • 100% occupied with historically low vacancy • Leases are all NNN, tenants pay CAMS/taxes/insurance • All tenants have annual rent increases • Established trade area with high density population • Parking ratio: +/- 7.28: 1,000 SF (80 stalls) • Large pylon sign on N Las Vegas Blvd • Below market rental rates creating value-add component 3,300,000 1.16 acres 82,500 6.06% 2,844,828
- 19. 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 | 85 ISIDOR COURT | SPARKS, NV SVN | Gold Dust Commercial Associates TOMI JO LYNCH, SIOR, CCIM tomijo.lynch@svn.com 775.530.2621 • Large paved, fenced yard space • 19' clear height • 50 x 50 column spacing • Meets medical marijuana criteria for cultivation and distribution • Marijuana licenses attached to the property can be purchased separately 4,000,000 19,200 SF 120,000 208
- 20. Price $ Buy Side Fee $ Size Price/SF $ Cap Rate 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 | 18429 HWY 18 | APPLE VALLEY, CA SVN | Vanguard JUVE PINEDO juve@svn.com 714.348.6099 JAY NO jno@svn.com 213.923.0977 • Investment opportunity for a 4-unit retail strip center • Located on US Hwy-18 (30,000+ VPD) • Offers 100' of visible highway frontage • Nearby major employers include: Amazon, Kaiser Permanente, Abott, Aerotek George Air Force Base • Close proximity to the Brightline West Project -- a high-speed rail line connecting Los Angeles to Las Vegas • Construction underway Q2 2021 -- completion for Brightline West Project Est. 2024 • <2hr commute to San Diego & Orange County -- <1hr commute to LA & Riverside County 1,250,000 6,600 SF 37,500 189 5.05%
- 21. 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. LAND | 11101 LA REINA AVE | DOWNEY, CA SVN | Vanguard JUVE PINEDO juve@svn.com 714.348.6099 JAY NO jno@svn.com 213.923.0977 • Freestanding two-story retail property Ideal for medical, office, and retail use • Located in downtown Downey - Firestone Gateway District • Located in a high-traffic retail corridor home to a diverse tenant mix of national and regional tenants • Strong daily traffic counts on the intersections of Firestone Boulevard & La Reina Ave ( North of 54,000+ VPD ) • Convenient access to many of the major arterials serving Southern California -- I-5 / I-105 / I- 605 / and I-710 freeways • Centralized location <20 miles to LAX, Downtown LA, Port of Los Angeles and Long Beach, Hollywood, and more... 4,200,000 8,848 SF 105,000 475 5.58%
- 22. 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. OFFICE | 8500 STATION STREET | MENTOR (CLEVELAND), OH SVN | First Place Commercial Realty, LLC VICTOR VOINOVICH voinovichv@svn.com 888.236.1435 • Iconic, historic office rarely found in suburbs • 2016 renovation attracted multiple tenants • Located in business-friendly city • Below market rents with short term leases • Upside from utilities bill-back • "Cool" environment attracts younger workers • Largest multi-tenant office building in Mentor • Near major freeway interchanges 5,300,000 67,000 SF 132,500 8.5% 79
- 23. Price $ Buy Side Fee $ No. of Rooms Price /Room $ 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. RESORT | 3244 BUR OAK ROAD NW | BAUDETTE, MN SVN | Northco FRANK JERMUSEK, JD frank.jermusek@svn.com 952.820.1615 CAMERON PETERSON, CCIM cameron.peterson@svn.com 952.820.1688 EMILIA MOLLE emilia.molle@svn.com 952.820.1618 • Strong year-over-year revenue & profits, 14.21% cap rate • Opportunity to expand the lodging with pre-approved condo development • Year round operation with 70% - 80% occupancies including lodging, restaurant, marina, campsites, pool, employee housing and numerous amenities • Rooms for 81 and sleeps 324 + campground • Largest resort property on MN Lake of the Woods (Walleye Capital of the World) 9,490,000 81 rooms 189,800 117,160 14.21%
- 24. Price $ Buy Side Fee $ No. of Units Price /Unit $ 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. SFR PORTFOLIO | 38 HOME BFR INVESTMENT PORTFOLIO | PHOENIX, AZ SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 • Go to www.SFRhub.com to custom search for Portfolio 100804 to view additional information • New construction multifamily attached townhome build-for-rent opportunity • Establish significant pipeline with developer / builder in Phoenix market • A mix of 2-, 3-, and 4-bedroom homes in an infill location • Homes will be finished & move in ready Q3 2021 • Phoenix experienced a 12.1% YOY rent growth and is predicted to increase a further 11% in 2021 and 8% in 2022 (JBREC) 13,500,000 38 135,000 5.49% 355,263
- 25. www.svn.com PAGE | August 16th- August 22nd, 2021 EVENTS & WEBINARS WEDNESDAY AUGUST 18 Office Product Council Meeting 10:00am PT | 1:00pm ET
- 26. 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!
Editor's Notes
- #6: Approved 8.11
- #7: Approved 8.11
- #8: Approved 8.11
- #9: Approved 8.12
- #10: Approved 8.10
- #11: Approved 8.12
- #12: Approved 8.11
- #13: Approved 8.12
- #16: Approved 8.10 Steven Hirsch is presenting
- #17: Approved 8.11 John Andrews Presenting
- #18: Approved 8.12 Chamberlan Carothers Presenting
- #19: Approved 8.11 Zechariah Levi Presenting
- #20: Approved 8.10 Tomi Jo Lynch presenting
- #21: Approved 8.12 Jay No Presenting
- #22: Approved 8.11 Jay No Presenting
- #23: Approved 8.11 Victor Voinovich Presenting
- #24: Approved 8.10 Emilia Molle Presenting
- #25: Approved 8.10 Bill Radke Presenting