SVN Live 09.20.21 Weekly Property Broadcast
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The document provides an overview of SVN's commercial real estate market updates and recent transactions. It highlights industry sentiment, noting concerns for office and retail vacancies while expressing optimism for multifamily properties. Several transactions, including industrial, retail, and hospitality deals, reflect a continued interest in diverse property types amidst economic challenges.
SVN Live 09.20.21 Weekly Property Broadcast
- 1. WEEKLY PROPERTY BROADCAST September 20, 2021
- 3. www.svn.com PAGE | TREPP CRE SENTIMENT REPORT ● Trepp recently released the results of its inaugural CRE Market Survey, noting that commercial real estate professionals are both hopeful as well as concerned over structural shifts. ● 90% of the survey respondents expect that office vacancy and effective rents will continue to lag pre-pandemic levels over the next six months. 80% of respondents believe that retail occupancy will trail pre-pandemic levels for the next six months. ● On the more optimistic side, 62% and 74% of respondents anticipate that multifamily occupancy and rents would be above pre-pandemic levels in six months, respectively. 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. INDUSTRIAL | 5707 N NORTHWEST HWY | CHICAGO, IL SVN | Chicago Commercial CAITLIN CRAWFORD caitlin.crawford@svn.com 847.464.8469 JOHN JOYCE, CCIM john.joyce@svn.com 847.233.1178 1,000,000 • 12,232 SF warehouse with tenant in place until 2023 • Rare in-city industrial location with great access to I-90 & I-924 highway system, as well as CTA and Metra public transportation • Went under contract 30 days after being brought to the market, and closed in 73 days from the listing date 12,232 82 7.5%
- 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. RETAIL | 162 OLD TODDS ROAD | LEXINGTON, KY SVN | Stone Commercial Real Estate EARL BRADY earl.brady@svn.com 859.619.0160 2,380,000 • Sold once property was fully leased • Prime location next to Richmond Road Lowe's • Tilt up concrete construction 15,500 SF 154 7.2%
- 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. INDUSTRIAL | 2409 OVER DRIVE | LEXINGTON, KY SVN | Stone Commercial Real Estate JOHN BUNCH john.bunch@svn.com 859.306.0602 2,600,000 • Contract to close in 21 calendar days • Purchaser retained SVN Stone Commercial for future lease up efforts • Out of town purchaser procured through SVN marketing platform 40,000 SF 65
- 8. 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. SINGLE TENANT INVESTMENT | 200 W JACKSON ST | ATTICA, IN SVN | Stewart Commercial Group DAN STEWART, CCIM dan.stewart@svn.com 734.662.5097 2,900,000 • Over 15 years remaining term • Received multiple offers • Full price cash buyer • Buyer is an East Coast Family Office 10,125 SF 286 5.52%
- 9. Sale Price $ Size Price/Room $ Cap Property Highlights Property Details © 2020 SVN International Corp. 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 | 2435 SW 13TH STREET | GAINESVILLE, FL SVN | Florida Commercial Real Estate Advisors NAVTAR NANA NanaN@svn.com 407.353.1800 SVN | Southland BRYAN MORELOCK bmorelock@svn.com 251.979.0553 3,500,000 • A prime location, within 1 mile of the UF University of Gainesville FL • Covid-19 had the buyers in panic during the due diligence period • Termination notice was received and after major convincing, the contract was reinforced • Funding was a challenge whereby two extensions were negotiated 60 rooms 58,333 10.3
- 10. 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. INDUSTRIAL | 3622 CAMP ROAD | JASPER, GA SVN | Creviston Realty, Inc. JEFF HAMMOND jhammond@svn.com 210.889.6819 4,000,000 • 200 parking spaces • High traffic count • Metal building • Fenced lot • 680 ft highway frontage • Building signage • Sold to U-Haul • Self storage • No outside broker 84,000 SF 72
- 11. 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. OTHER | 24-26 N CAUSEWAY | FORT PIERCE, FL SVN | Lotus ASHLEY BLOOM ashley.bloom@svn.com 941.961.7109 MARGEAUX MCCARTHY mvmccarthy@svn.com 401.688.0822 SVN | Florida DAVID KENDALL david.kendall@svn.com 561.723.8463 ROBERT HAMMAN Robert.Hamman@svn.com 561.346.2310 5,800,000 • Opportunity zone • 5th closed deal with client in recent years • Waterfront development opportunity • Collaboration with 3 SVN offices • Team included land, marina, marketing, and local specialists 8.41 acres 689,655
- 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. LAND | OLD HICKORY TREE ROAD | SAINT CLOUD, FL SVN | Saunders Ralston Dantzler CLAY TAYLOR, ALC clay.taylor@svn.com 863.774.3532 DUSTY CALDERON dustyc@svn.com 407.908.9525 DAVID HITCHCOCK david.hitchcock@svn.com 863.272.7155 22,250,000 • 625 single-family residential • 599 multi-family residential • 70,000 SF of commercial • 30,000 SF of office • 1,586,455 SF of civic • Near Publix, Walmart, and 25 miles from Disney World and 30 miles to Orlando 268 acres 83,022
- 14. www.svn.com PAGE | FEATURED INVENTORY: $ 40,757,807 + BUY-SIDE COMMISSION: $ 1,348,934 + FEATURED INVENTORY FINANCIAL SUMMARY
- 15. 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. RESTAURANT | 14004 E INDIANA AVE | SPOKANE VALLEY, WA SVN | Cornerstone GUY BYRD guy.byrd@svn.com 509.953.5109 JOHN HILLIER john.hillier@svn.com 509.939.8094 1,500,000 • Sale Leaseback with substantial Boston's Restaurant & Sports Bar owner operator • Premier location at Spokane Valley Mall • Seller will commit to ten (10) year NNN Lease • Sale/Leaseback rate of $10,000/MO/NNN with 8% ROI • Fully equipped restaurant with full bar and seating for 210 patrons • Traffic counts adjacent to property on Evergreen Rd & E Indiana Ave: 28,500 ADT • Just off I-90: 94,000 ADT 45,000 5,924 SF 253 8%
- 16. 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 | 799 E BRANNON RD | NICHOLASVILLE, KY SVN | Stone Commercial Real Estate JUSTIN RYDER, CCIM justin.ryder@svn.com 859.306.0617 HARRISON LANE harrison.lane@svn.com 859.436.2835 MATT STONE, CCIM, SIOR, MBA matt.stone@svn.com 859.306.0593 1,850,000 • High visibility in an exploding area of Lexington, KY • Nearby retail (Kroger, PetSmart, Hobby Lobby, Sam's Club, Kohl's & more!) • 7,520 SF of well-built office space with high end finishes • 13 private offices, 2 open space rooms, large conference room, reception area and a large kitchen • 38 parking spaces with private entrance 55,500 7,520 SF 246
- 17. 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. MEDICAL OFFICE | 651 SOUTH CENTER AVE | SOMERSET, PA SVN | Three Rivers Commercial Advisors JESSE CORTEZ jesse.cortez@svn.com 412.848.2016 ANDREAS KAMOUYEROU andreas.kamouyeroua@svn.com 724.825.0888 • 100% occupied multi-tenant medical office building • New roof in 2017 • New sprinkler, smoke, and fire alarm systems installed in 2020 • NOI: $148,900 • UPMC is the largest tenant - occupies 40% of the building • UPMC put $400,000 into recent renovations • UPMC pays their own utilities • UPMC investing $45M into the Somerset Hospital 4 blocks away 1,850,000 20,000 SF 55,500 8.05% 93
- 18. 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 | 4921 CALIFORNIA STREET | SAN FRANCISCO, CA SVN | Pacific Commercial Advisors KEVIN CHIN, CCIM kevinc@svn.com 415.922.2900 • Prime inner Richmond / Lake District location • Current rents 43% of market rents • Well maintained property 1.888,888 4 75,556 2.95% 472,222
- 19. 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. OTHER | 94 BEVIL | EMERSON, GA SVN | Creviston Realty, Inc. COURTNEY SMITH courtney.smith@svn.com 678.622.0435 JEFF HAMMOND jhammond@svn.com 210.889.6819 1,950,000 • FFE • Farm business • http://smithnurseryllc.com 97,500 14 acres 139,286
- 20. 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 | 823 - 827 S CARPENTER ST | CHICAGO, IL SVN | Chicago Commercial PAUL CAWTHON paul.cawthon@svn.com 312.676.1878 ANGELO LABRIOLA angelo.labriola@svn.com 312.676.1870 1,999,999 • Rare assemblage of 2 adjacent buildings • Steps to UIC, Taylor Street / Little Italy, & multiple points of public transportation • Consistently 100% leased, even through Covid • New roofs on both buildings as well as other improvements completed (new porch on 823) • Tons of value-add remaining 40,000 7 285,714
- 21. 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 | 1129 CHEROKEE STREET | DENVER, CO SVN | Denver Commercial ELIZABETH LEDER liz.leder@svn.com 720.575.9109 • Located in the exclusive Golden Triangle in Downtown Denver • D-GT zoning encourages high density development and ground floor activation • Approximately 58,000 SF GFA can potentially be built on this property • No minimum off-street parking requirement in D-GT zoning • Land values continue to increase in The Golden Triangle 2,050,000 7,327 SF 61,500 280
- 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. HEALTHCARE | 5 LEASED DENTAL OFFICES | MIAMI DADE & BROWARD COUNTIES, FL 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 • Properties feature two well established pediatric dental/orthodontic organizations • All leases have renewal options • All 5 properties are upscale condo units in well-situated high-end locations 5,750,000 12,400 SF 287,500 5.01% 464
- 23. 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 | 300 E NORTHWEST HIGHWAY | DES PLAINES, IL SVN | Chicago Commercial WAYNE CAPLAN wayne.caplan@svn.com 312.529.5791 SCOTT MAESEL scott.maesel@svn.com 312.676.1860 Subject to Offer • 4.28 acres Transit Oriented Development site (TOD) in Des Plaines • Steps to Cumberland Metra Station • Suitable for dense multi-family development as well as many commercial uses, including Cannabis • Over 600 ft of frontage on Northwest Highway • Immediate proximity to both downtown Des Plaines and Mt. Prospect 2.5% 4.28 acres
- 24. 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 | 1052 W FULTON | CHICAGO, IL SVN | Chicago Commercial SCOTT MAESEL scott.maesel@svn.com 312.676.1860 WAYNE CAPLAN wayne.caplan@svn.com 312.529.5791 DREW DILLON drew.dillon@svn.com 734.223.2315 10,299,000 • Irreplaceable Fulton Market corner location • Value add opportunity • Surrounded by notable developments including McDonald's world HQ and Googles Midwest HQ 205,980 15,000 SF 687
- 25. Price $ Buy Side Fee $ No. of Units Pro Forma NOI $ 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 | THE VIEW ABQ | ALBUQUERQUE, NM SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 TOM JOHNSTON tom.johnston@svn.com 602.828.1780 SVN | Walt Arnold Commercial Brokerage, Inc. WALT ARNOLD, CCIM, SIOR walt.arnold@svn.com 505.269.9358 • Go to www.SFRhub.com to custom search for Portfolio 100795 to view additional information • Value add reposition opportunity • Under rented per bed by 15%-20% • On-site amenities include clubhouse, 24 hr fitness center, yoga studio, sauna, dog park, resort-style pool, sand volleyball court, and much more • Little to no capital expenditures are required for repositioning • Minimum turn costs needed Call for Price 162 192,500 3,190,857
- 26. 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 SFR INVESTMENT PORTFOLIO | SLIDELL, LA 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 100828 to view additional information • HOMES BUILT BY THE NATION’S LARGEST PUBLIC BUILDER • Rents are 20% below current market rents • New homes – minimal repair & maintenance, capital investment, and turn costs • Homes are within the same subdivision and are located on two adjacent streets • BOR: Chris Town - NAI Latter & Blum Licence SALE.995702417-ACT 11,619,920 38 232,398 6.21% 305,787
- 27. www.svn.com PAGE | September 19th-25th, 2021 EVENTS & WEBINARS TUESDAY SEPTEMBER 21 Leasing Council Meeting 9:30am PT | 12:30pm ET WEDNESDAY SEPTEMBER 22 Best Practices Webinar with Solomon Poretsky 8:30am PT | 11:30am ET SATURDAY SEPTEMBER 25 Saturday Call with John McDermott 8:30am PT | 11:30am ET
- 28. 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 9.16
- #7: Approved 9.13
- #8: Approved 9.13
- #9: Approved 9.15
- #10: Approved 9.16
- #11: Approved 9.14
- #12: Approved 9.15
- #13: Approved 9.14
- #16: Approved 9.13 Guy Byrd Presenting
- #17: Approved 9.16 Harrison Lane Presenting
- #18: Approved 9.15 Jesse Cortez Presenting
- #19: Approved 9.16 Kevin Chin presenting
- #20: Approved 9.10 Courtney Smith Presenting
- #21: Approved 9.10 Angelo Labriola Presenting
- #22: Approved 9.16 Liz Leder presenting
- #23: Approved 9.16 Keith Kidwell Presenting
- #24: Approved 8.31 Wayne Caplan Presenting
- #25: Approved 8.3 Wayne Caplan Presenting
- #26: Approved 9.16 Bill Radke Presenting
- #27: Approved 9.16 Bill Radke Presenting Outside agent?