SVN Live 10.23.23 Weekly Property Broadcast
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A recent HSBC report highlights that 97% of real estate firms view achieving net zero emissions as critical, with 56% leveraging technology for this transition. The report emphasizes retrofitting existing structures and addressing embodied carbon as key strategies. Additionally, SVN reported various recent transactions in commercial and residential properties, indicating active market dynamics.
SVN Live 10.23.23 Weekly Property Broadcast
- 3. www.SVN.com Economic Updates Provided by ○ A new report by HSBC reviews how the real estate sector is transitioning to net zero, highlighting operator views and strategies in approaching the challenge. ○ According to the report, 97% of real estate companies say net zero is commercially important to their business. ○ 56% of real estate companies say that technology developments are helping them progress towards their net zero goals, while 39% claim to be spending more than 10% of capex on the transition, with 51% expected to do so within the next three years. ○ Retrofitting and embodied carbon received specific shoutouts in the report as critical segments of the company's strategies. Retrofitting existing buildings is believed to be less carbon-intensive than building new ones, while policymakers are increasingly looking to embodied carbon to make new construction more sustainable. CRE & Net Zero
- 5. 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. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit Cap $13,887,275 43 units SFR PORTFOLIO | BLUEBONNET TRANCHE 1 & 2 | ARLINGTON, TX ○ SVN SFR Capital Management purchased their first 43 homes of 125 total to be acquired for operating the entire subdivision ○ Rare high-end BFR townhome community in sought-after Arlington, TX suburb ○ Community is amenitized with a beautiful butterfly garden, large dog park, picnic areas, backyards, and ample open space around the buildings ○ SVN | SFR Capital Management is currently discussing additional communities for Acquisition, lease-up, and operating with builder partners $322,960 SVN | SFRHub Advisors JEFF CLINE jeff.cline@svn.com 602.466.1381 MICHAEL FINCH michael.finch@svn.com 480.797.9825 7% SVN | Trinity Advisors STEVE FITHIAN steve.fithian@svn.com 817.288.5244
- 6. 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. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap $6,350,000 41,614 SF RETAIL | 1772-1792 S RANDALL RD | GENEVA, IL ○ Procured more than 140 executed CA's + more than 25 offers ○ 102 days from contact to closing ○ Negotiated 3 lease extensions while in escrow (25% of GLA) ○ Leasing activity increased NOI from $186,000 to $574,000 $153 SVN | Landmark Commercial Real Estate JOEL MILLER, CCIM joel.miller@svn.com 630.270.6949 8.92%
- 7. 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. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $6,100,000 6,572 SF RETAIL | 11270 HURON STREET | NORTHGLENN, CO ○ Build-to-suit tunnel car wash ○ Broker secured multiple sites for seller and coordinated sale of constructed car wash ○ Transaction took 24 months start to finish $928 SVN | Denver Commercial COBEY WESS cobey.wess@svn.com 970.488.3162
- 8. 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. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap $3,450,000 22,680 SF MULTIFAMILY | 618 S JEFFERSON ST & 1212 W 7TH AVE | SPOKANE, WA ○ 25 unit apartment complex ○ Value add opportunity ○ Strong tenant profile: 650+ credit scores and income 3x rent ○ Located within walking distance to regional hospitals ○ Property sold on an owner contract ○ Terms: $500,000 down, 35 year amortization, 4% interest rate, 2 years interest only, no call on the note ○ The financed offer received was for $2,600,000 $152 SVN | Cornerstone NATE GANT nate.gant@svn.com 509.993.4440 JORDAN LESTER jordan.lester@svn.com 509.496.6922 4.73%
- 9. 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. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre $2,825,000 2.74 acres LAND | 768 W GRANADA BLVD | ORMOND BEACH, FL ○ 2.74+/- acre pad ready site on Granada Boulevard ○ Located within the Ormond Central development ○ 106,140 SF 3-story self storage facility COMING SOON ○ 0.80 - 3.34+/- acre sites available $1,031,022 SVN | Alliance Commercial Real Estate Advisors JOHN TROST john.trost@svn.com 386.301.4581
- 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. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $1,800,000 4,800 SF RETAIL | 1307 S WABASH | CHICAGO, IL ○ Property sold at 95% of asking price ○ Quasi investor/owner operator buyer ○ Motivated buyer and seller $375 SVN | Chicago Commercial TIM RASMUSSEN, CCIM trassmussen@svn.com 312.676.1875 MARCUS SULLIVAN msullivan@svn.com 312.756.7357
- 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. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre $1,400,000 7.08 acres LAND | 1375 FRONT ROYAL PIKE | WINCHESTER, VA ○ Crossroads Self Storage, with approved site plan for +/- 800 units ○ VDOT entrance had been installed into the project ○ SVN received three offers on the property-It was #3 that went the distance, contract to close in 75 days, 1031 Exchange ○ Winchester called in the SVN Self Storage specialists, Nick and Hans for valuation support-SVN team effort! $197,740 SVN | Commercial Specialists JIM GUISEWHITE jim.guisewhite@svn.com 540.535.0808 BILL NORDMAN william.nordman@svn.com 540.535.0808 SVN | Commercial Realty NICK MALAGISI, SIOR nick.malagisi@svn.com 716.633.9601 SVN | Hardisty Commercial Realty HANS HARDISTY, CCIM, MBA hans.hardisty@svn.com 914.489.7909
- 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. © 2023 SVN International Corp. Property Details Transaction Highlights Lease Value Lease Terms Size $1,119,853 7 years INDUSTRIAL | 1200 S DIXIE HIGHWAY WEST | POMPANO BEACH, FL ○ Former Miami Vice boat building ○ Environmental killed two (2) deals to purchase ○ Advised owner to lease building instead ○ Signed seven (7) year lease with school bus company 12,179 SF 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
- 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. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $7,500,000 $150,000 78 units ○ Portfolio price reduced ○ 78 single family rental homes scattered about Buffalo, NY ○ Fifty-six (56) single-family detached and eleven duplexes (22 Doors) ○ Ten 2-bedroom, thirty-nine 3-bedroom, eighteen 4-bedroom, and eleven 5- bedroom homes ○ 92% leased to fully vetted tenants ○ Visit www.SFRhub.com and search for portfolio 101482 for more information SVN | SFRhub Advisors TOM JOHNSTON tom.johnston@svn.com 602.825.1780 TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 SFR PORTFOLIO | 78 HOME SFR INVESTMENT PORTFOLIO | BUFFALO, NY 11.3% $96,154 SVN | Commercial Realty JOHN FLETCHER john.fletcher@svn.com 716.698.8401
- 16. 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. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee No. of Units Price/Unit Cap SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $3,250,000 $65,000 21 units ○ 21 home SFR portfolio scattered about Huntsville, AL ○ The asset mix includes one, two, three and four-bedroom homes ○ All the homes were built between 1950 – 1990 ○ The average dwelling size is 1,265 square feet-98% leased to fully vetted tenants ○ Portfolio is managed by a local professional property management company ○ Visit www.SFRhub.com and search for portfolio 101517 for more information SVN | SFRhub Advisors TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 SFR PORTFOLIO | 21 HOME SFR INVESTMENT PORTFOLIO | HUNTSVILLE, AL 6.3% $154,762 SVN | JJMottram JOHN MOTTRAM john.mottram@svn.com 334.356.1771
- 17. 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. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $6,000,000 $120,000 ±40,000 SF ○ - ±40,000 SF flex, R&D, office building located off Route 3 in Billerica, MA ○ Industrial zoning suited for flex, R&D, office and lab users ○ Currently 100% leased to single tenant, lease expires Q2 2025 ○ Two loading docks and one 3,000 lb freight elevator ○ Flexible for owner-user or investors ○ Two story ±20,000 SF floor plates that subdivide to ±5,000 SF FLEX | 4 FEDERAL STREET | BILLERICA, MA SVN | Parsons Commercial Group | Boston MIGUEL ENCARNACION miguel.encarnacion@svn.com 508.271.9210 ALEX BERGER alex.berger@svn.com 508.271.9205 MATT QUINLAN matthew.quinlan@svn.com 508.271.9208 $±145 7.63%
- 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. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $3,200,000 $96,000 3.65 acres ○ Development order in place ○ Lighted corner intersection ○ AADT of over 57,000 ○ Rapidly growing high net worth area ○ Within three miles of over 3 million SF of retail LAND | 10150 ARCOS AVENUE | ESTERO, FL $876,712 SVN | Commercial Partners TIFFANY LUONGO tiffanyl@svn.com 239.707.1700
- 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. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $1,100,000 $33,000 5,384 SF ○ Special purpose group home ○ Could be daycare/school for up to 60 students ○ Infill neighborhood location ○ Playground ○ Most appliances and furniture included OTHER | 7438 CARRIER RD | FORT MYERS, FL $204 SVN | Commercial Partners TIFFANY LUONGO tiffanyl@svn.com 239.707.1700
- 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. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $2,500,000 $75,000 27,210 SF ○ Excellent curb appeal ○ Combined VPD 27,000+ ○ Remote management system SELF STORAGE | 4375 VICTORY DR | COLUMBUS, GA $92 SVN | Wilson Commercial Group, LLC KRISTEN ASMAN kristen.asman@svn.com 614.370.9077 6.98% SVN | Toomey Property Advisors KATELEIGH CALLOWAY kateleigh.calloway@svn.com 205.937.2299 JUSTIN TOOMEY justin.toomey@svn.com 251.680.3663
- 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. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $1,210,000 $42,350 17,910 SF ○ Rare downtown Maumee investment opportunity ○ Includes two multi-tenant buildings with access to 3 main roads ○ Additional vacant lot and additional parking lot included ○ Upside opportunity with rent appreciation OFFICE | 118 E DUDLEY STREET | MAUMEE, OH SVN | Ascension Commercial Realty DOUG WRIGHT, CCIM doug.wright@svn.com 419.540.8888 TIM SCHLACHTER, CCIM tim.schlachter@svn.com 419.540.8888 $68 7.21%
- 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. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $1,200,000 $36,000 8,700 SF ○ Chicago's South Side ○ Beautiful renovations ○ Land for parking or development RETAIL | 1310-1328 E 75TH ST | CHICAGO, IL $138 SVN | Chiacgo Commercial JOE CONNELLY joseph.connelly@svn.com 630.550.1515 DEREK GONSCH derek.gonsch@svn.com 708.267.9988
- 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. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $1,100,000 $33,000 8,342 SF ○ 8,342 SF flex industrial property (+/- 6,902 SF office / 1,440 SF warehouse) ○ Many recent capital improvements ○ Convenient access to both Highway I-465 and Highway I-70 ○ Two (2) drive-in doors (1 x 8’-10”W x 9’H), (1 x 11’-8”W x 10’-7"H) ○ Industrial zoning classification (I2) ○ 2.05 acre, fully fenced lot INDUSTRIAL | 8630 EAST 30TH STREET | INDIANAPOLIS, IN $132 SVN | Northern Commercial WADE WILSON wade.wilson@svn.com 574.312.0442
- 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. © 2023 SVN International Corp. Property Details Property Highlights Lease Rate Lease Terms Tenant Rep Fee Size SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $3.00 (NNN) 5+ years 3% ○ Flexible units sizes ○ Strategically located between major MSAs ○ Easy access to US Rt 20, I39, I90 ○ Potential for tax incentives as part of Northwest Illinois Enterprise Zone INDUSTRIAL | 1201 S ADAMS AVE | FREEPORT, IL SVN | Landmark Commercial Real Estate BRIAN LINDGREN brian.lindgren@svn.com 630.487.9433 20,000- 241,166 SF
- 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. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ Subject to Offer .5% 431,306 SF ○ Enclosed shopping mall in sought after Greenville, SC MSA ○ Excellent location with interstate frontage and visibility ○ Ground Lease options to extend through 2084 ○ Anchors include JCPenney, Belk, Dillard’s and Costco RETAIL | 205 W BLACKSTOCK RD | SPARTANBURG, SC SVN | Blackstream DANIEL HOLLOWAY daniel.holloway@svn.com 864.593.6644 DUSTIN TENNEY dustin.tenney@svn.com 864.905.7226 SVN | Second Story Real Estate Management BRIAN CHADWICK brian.chadwick@svn.com 423.240.3290
- 26. www.SVN.com Events & Webinars THURSDAY OCTOBER 26 SFR/BFR Portfolio Product Council Meeting 11:30 AM ET | 8:30 AM PT Date: October 23-28, 2023
- 27. THANK YOU for joining us!
- 28. 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.