SVN Live 08.30.21 Weekly Property Broadcast
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The weekly property broadcast on August 30, 2021, highlights new U.S. Census figures indicating a population decline in rural areas and growth in metro regions, particularly in the South and West. The summary includes various commercial real estate transactions across different property types, emphasizing SVN's unique commission structure and notable market dynamics. The document concludes with information about an upcoming hiatus for the SVN live broadcast due to the Labor Day holiday.
SVN Live 08.30.21 Weekly Property Broadcast
- 1. WEEKLY PROPERTY BROADCAST August 30, 2021
- 3. www.svn.com PAGE | NEW U.S. CENSUS FIGURES ● New figures released by the U.S. Census Bureau provide additional context to the population and migration patterns noted in the 2020 survey, with the number of Americans who live in rural counties shrinking by 2.8%, while 4 out of 5 U.S. metros grew over the past decade. Most of the growth has occurred in the South and West regions of the country ● On the metro level, the smaller metros of Grand Rapids, Tucson, Honolulu, Tulsa, and Fresno all eclipsed 1 million residents for the first time. ● The nation’s adult population also notably increased faster than the under-18 population in the last decade, indicative of the aging baby boomer generation that remains the largest cohort in the nation. The adult population grew by 10% since 2010, while the under-18 population shrunk by 1.4%. Roughly three- quarters of the U.S. population is now over the age of 18. ECONOMIC UPDATES PROVIDED BY
- 5. Lease Value $ Lease Terms Size 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. RETAIL | 7620 NC 39 HWY | HENDERSON, NC SVN | Efird Commercial Real Estate FRANK EFIRD JR frank.efird@svn.com 910.200.0037 1,125,000 15 years 9,100 SF • Absolute NNN lease • Dollar General corporate guarantee • 7+ years remaining of the initial 15-year term • 6.5 miles from Interstate 85 • Services Kerr Lake State Recreation Area, 50,000 acre reservoir with 850 miles of shoreline making it one of the largest lakes in the Southeast 6.4%
- 6. 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 | 517 N LINK LANE | FORT COLLINS, CO SVN | Denver Commercial COBEY WESS cobey.wess@svn.com 970.488.3162 1,157,500 129 8,968 SF • Assisted seller to increase rents and extend leases • SVN valuation $200k more than what was proposed to existing tenant to buy property • We put a timeline on the tenant going under contract and when that expired we sold it off market to 1031 investor • Closed in 45 days 7.5%
- 7. 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 | 490 POST STREET, SUITE 1700| SAN FRANCISCO, CA SVN | Capital West Partners CATHERINE HOUSE, FRICS, CCIM catherineh@svn.com 415.464.6401 2,450,000 1,057 2,317 SF • Penthouse suite with a large balcony overlooking the city • Second time selling this specific condo unit • Prime location near San Francisco's Union Square • High vaulted ceilings, high-end finishes, and excellent natural light • Co-listed with Corcoran Global Living
- 8. 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 | 16395 FIRST STREET | SPLENDORA, TX SVN | AVR Commercial Real Estate Services ALTAF AKBARI altaf.akbari@svn.com 281.496.9140 3,225,000 37,459 86 acres • Originally listed by SVN | AVR CRE Services four years ago • Lost the listing a year later to another large, well-known brokerage • Won the listing back in the following year by showing the seller that SVN marketing was superior • Sold above full asking price of $3,225,000 • Prior to closing, obtained a signed back-up offer about 12% above asking price • Dallas-based buyer plans to build a residential subdivision
- 9. Sale Price $ No. of Units Price/Unit $ 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. SFR PORTFOLIO | POPLIN GLEN PHASE 1| MONROE, NC SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | Southern Commercial Real Estate, LLC MARK MAYFIELD mark.mayfield@svn.com 803.325.1000 • Phase 1 consists of 99 homes • This closing is Tranche 1 of 11 of Phase 1- Total Sales Price: $22,528,000 • Three total phases to be built consisting of 268 BFR homes- Total acquisition price of all three phases: $64,300,800 • Seller is a reputable national home builder • Special thanks to Mark Mayfield as the local broker of record at SVN | Southern Commercial Realty 3,415,000 227,667 15 units 7.75%
- 10. 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 | 3306 MIKE COLLINS DRIVE| EAGAN, MN SVN | Northco MYLES HARNDEN myles.harnden@svn.com 469.235.3509 SVN | Angelic GABRIEL SILVERSTEIN myles.harnden@svn.com 512.953.3320 SVN | Realty Advisors WILLIAM MOORE william.moore@svn.com 949.933.1063 4,100,000 820,000 5 acres • SVN represented Stonemont Financial Group for their ISF Fund • 25,120 SF GBA on a 5 acre lot • ±3.5 AC of fully fenced and secured outdoor storage/yard space • SVN project scope includes listing the vacant site for lease as well as managing the construction improvements/development of the site
- 11. Sale Price $ Size Price/Room $ 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. HOSPITALITY | 5001 CRANBERRY SPRINGS| CRANBERRY TOWNSHIP, PA SVN | Summit Commercial Real Estate Advisors BRAD WEIDMAN brad.weidman@svn.com 330.466.8550 JERRY FIUME, SIOR, CCIM jerry.fiume@svn.com 234.231.0235 5,500,000 53,922 102 rooms • Bank note sale, all cash transaction • Closed in under 60 days • Appraised value significantly higher • Built in 2016
- 13. www.svn.com PAGE | FEATURED INVENTORY: $ 35,820,372 ++ BUY-SIDE COMMISSION: $ 858,714 ++ FEATURED INVENTORY FINANCIAL SUMMARY
- 14. 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. VARIOUS | MULTIPLE ADDRESSES | NEW MEXICO SVN | Walt Arnold Commercial Brokerage, Inc. LARRY ILFELD, CCIM, ALC ilfeld@svn.com 505.265.4401 WALT ARNOLD, SIOR, CCIM Walt.Arnold@svn.com 505.256.7573 SVN | Auction Services LOUIS FISHER, CAI fisherl@svn.com 954.931.0592 DAVID GILMORE, CCIM, CAI, AARE gilmored@svn.com 504.228.6606 • Online bankruptcy auction Archdiocese of Santa Fe, Case No. 18-13027-t11 • Phase 1- September 21-28, 2021 • Phase 2- November 2021 • 650+ properties throughout 18 New Mexico counties • Offered individually and in bulk TBD - auction 650 properties 2% TBD
- 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. RESTAURANT | 1900 MILL STREET | BATAVIA, IL SVN | Landmark Commercial Real Estate NEIL JOHNSON neil.johnson@svn.com 630.938.4950 JOEL MILLER joel.miller@svn.com 630.270.6949 • Operating business - Do not disturb employees • 200+ seat restaurant, full service bar • Screened patio with seating for 40+ • Onsite parking with 94 dedicated spaces • Located in the heart of Randall Rd retail corridor • Shadow anchored by Menards, across from Batavia Post Office • Excellent demographics with strong density & income 1,675,000 6,014 SF 50,250 279
- 16. Lease Rate $ Lease Terms 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. RETAIL | 4925 KY-52 | LORETTO, KY SVN | Stone Commercial Real Estate NATHAN DILLY nathan.dilly@svn.com 859.306.0604 • Family Dollar - Dollar Tree NEW PROTOTYPE • Delivery date: 12-1-2021 • 10-Year NN Lease $114,975/yr rent • Concrete parking lot 1,768,846 10,500 SF 10 years 6.50%
- 17. Price $ Buy Side Fee $ No. of Rooms Price/Room $ 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. HOSPITALITY | 1700 S FEDERAL HIGHWAY | LAKE WORTH, 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 • Limited service hotel • Future land use • Value add opportunity • Vibrant and growing Lake Worth sub market • Great proximity to PBI and local attractions • 22 keys | (21) hotel rooms | (1) 1-bedroom apartment with full kitchen 2,499,900 22 62,498 113,632
- 18. 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 | 1435 S BARRINGTON RD | BARRINGTON, IL SVN | Chicago Commercial AL LINDEMAN lindemana@svn.com 312.756.7352 DAVID COUPE david.coupe@svn.com 312.789.4866 • 25,800 SF multi-use building located on Auto Row • High visibility +/- 9,000 SF showroom, flexible +/- 7,000 SF office, conference, creative, design area, +/- 10,000 SF18-20 clearspan warehouse with loading dock and mezzanine • 5 ton crane 800 amp electrical service • Large monument sign on Barrington Road • 13,400 traffic count per day • Site can be configured to accommodate 200+ vehicles 3,750,000 25,800 SF 112,500 145
- 19. 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. MULTIFAMILY | MULTIPLE ADDRESSES | ND & SD PORTFOLIO SVN | Chicago Commercial REID BENNETT, CCIM reid.bennett@svn.com 773.251.7342 CODY DORAN cody.doran@svn.com 309.235.0995 SVN | Northco FRANK JERMUSEK, J.D. frank.jermusek@svn.com 952.820.1615 • Limited competition • Upside in rents • The majority of the apartments have been updated recently 4,186,626 135 104,666 31,012 8.81%
- 20. 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. LAND | 320 ROSELANE | MARIETTA, GA SVN | Creviston Realty, Inc. JEFF HAMMOND jhammond@svn.com 210.889.6819 COURTNEY SMITH courtney.smith@svn.com 678.622.0435 • Excellent location • Raw land development opportunity 4,500,000 2.63 acres 180,000 1,711,027
- 21. Lease Rate $ Lease Terms Tenant Rep Fee Size 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. HEALTHCARE | 2133 S STATE ROAD 46 | TERRE HAUTE, IN SVN | Rich Investment Real Estate Partners JOSH SNYDER josh.snyder@svn.com 925.876.0884 SVN | Parke Group DIANA PARENT diana.parent@svn.com 260.489.8500 • Nine years remain on 10-year NN lease • 100% leased to Union Hospital, a strong regionally recognized tenant • Outparcel to Walmart Supercenter • 2020 build to suit construction • Prominently situated in dense regional retail corridor directly off I-70 6,240,000 124,800 10 years 14,430 SF
- 22. 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 | 45 HOME SFR INVESTMENT PORTFOLIO | DALLAS, TX SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | Trinity Advisors STEVEN FITHIAN steve.fithian@svn.com 817.312.1388 • Go to www.SFRhub.com to custom search for Portfolio 100496 to view additional information • Economic value add opportunity with rents 15% below market • The portfolio is currently 100% occupied, majority of 3-bedroom homes averaging 1445 SF • Majority of homes renovated to similar spec level after purchase in 2017 and 2018 11,200,000 45 224,000 4.56% 248,889
- 23. www.svn.com PAGE | There Will Be No SVN Live Next Week Due to the Labor Day Holiday on Monday, September 6th, the next SVN Live Weekly Property Broadcast will be held on Monday, September 13th. 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.
- 24. 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 8.26
- #7: Approved 8.25
- #8: Approved 8.25
- #9: Approved 8.26
- #10: Approved 8.26
- #11: Approved 8.26
- #12: Approved 8.26
- #15: Approved 8.26 David Gilmore and Walt Arnold Presenting
- #16: Approved 8.26 Niel Johnson Presenting
- #17: Approved 8.26 Nathan Dilly Presenting
- #18: Approved 8.26 John Andrews Presenting
- #19: Approved 8.25 David Coupe Presenting
- #20: Approved 8.26 Reid Bennett Presenting
- #21: Approved 8.27 Jeff Hammond Presenting
- #22: Approved 8.25 Josh Snyder Presenting
- #23: Approved 8.26 Bill Radke Presenting