SVN Live 11.4.24 Weekly Property Broadcast
Download as PPTX, PDF0 likes192 views
The document provides an economic update highlighting that US commercial foreclosures peaked at 752 in May 2024 and are currently at 695, indicating ongoing challenges in the commercial real estate sector. It outlines recent transactions, showcasing notable sales across various property types including industrial and retail, with details on pricing, features, and market dynamics. Additionally, it emphasizes the diversity of properties available and includes contact information for associated agents within SVN.
SVN Live 11.4.24 Weekly Property Broadcast
- 1. W E E K L Y P R O P E R T Y B R O A D C A S T DATE dsafsdfd November 4, 2024
- 2. W W W . S V N . C O M E C O N O M I C U P D A T E S P R O V I D E D B Y
- 3. E C O N O M I C U P D A T E S W W W . S V N . C O M P R O V I D E D B Y ● The latest ATTOM report shows US commercial foreclosures peaked at 752 in May 2024 but remain above pre-pandemic levels, with 695 recorded in September 2024, indicating a slight increase from summer figures. ● Foreclosures began rising sharply in June 2023, suggesting a potential stabilization at higher levels amid ongoing changes in commercial real estate dynamics. ● Historical data reveals significant fluctuations in foreclosure activity over the past decade, driven by economic conditions and structural changes, including the COVID-19 pandemic, with a peak of 889 in October 2014 before a decline in the late 2010s. Commercial Foreclosures
- 4. W W W . S V N . C O M C L O S E D TRANSACTION S
- 5. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Sale Price Size Price/SF PROPERTY DETAILS TRANSACTION HIGHLIGHTS $5,500,000 450,000 SF $12 ● Contract to Close - 75 days ● Sold for Full Price ● Sold in less than 1 week ● Buyer = Owner/User OFFICE | 1887 POWDER SPRINGS | POWDER SPRINGS, GA SVN | CREVISTON REALTY INC Jake Creviston jake.creviston@svn.com 770.992.5112
- 6. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Sale Price Size Price/SF PROPERTY DETAILS TRANSACTION HIGHLIGHTS $1,750,000 10,500 SF $167 ● A collaborative effort between SVN Chicago and SVN Dunn Commercial ● Clients 1st commercial building purchase ● The space will be used for a premier lighting design and equipment rental company ● This building was the 1st building the client viewed INDUSTRIAL | 6525 BUSINESS 78 | NEVADA, TX SVN | DUNN COMMERCIAL REAL ESTATE Dawn Laney dawn.laney@svn.com 817.343.4842 Courtney Stanford, CCIM courtney.stanford@svn.com 972.998.2361 8% SVN | CHICAGO COMMERCIAL David Pernice david.pernice@svn.com 312.607.3300
- 7. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Sale Price Size Price/Acre PROPERTY DETAILS TRANSACTION HIGHLIGHTS $1,140,000 161.65 acres $7,052 ● High and dry parcel with paved road frontage ● Located in Northwest Chiefland off of Manatee Springs Road ● Dominated by mature live oaks, with a few hickories and red oaks LAND | SW 78TH TERRACE | CHIEFLAND, FL SVN | SAUNDERS RALSTON DANTZLER Greg Driskell greg.driskell@svn.com 386.867.2736
- 8. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Sale Price Size Price/SF PROPERTY DETAILS TRANSACTION HIGHLIGHTS $1,122,493 24,000 SF $47 ● Multiple offers procured in the first two weeks of marketing creating a bidding war for the property ● Sold at 95% of list price ● This was a co-brokered transaction INDUSTRIAL | 95 INDUSTRIAL PARK ROAD | MT. VERNON, KY SVN | STONE COMMERCIAL REAL ESTATE John Bunch, SIOR john.bunch@svn.com 859.433.8911 Gabe Measner gabe.measner@svn.com 859.630.7016
- 9. F E A T U R E D INVENTORY W W W . S V N . C O M
- 10. F I N A N C I A L S U M M A R Y F E A T U R E D I N V E N T O R Y F I N A N C I A L S U M M A R Y B U Y - S I D E C O M M I S S I O N W W W . S V N . C O M $727,050+ $35,689,500 +
- 11. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size Price/Acre PROPERTY DETAILS PROPERTY HIGHLIGHTS OTHER | 1120, 1122, 1130 & 1138 MAIN ST | FORT MYERS BEACH, FL $7,775,000 $155,500 1.83 acres ● All utilities are already on site ● Within walking distance of many restaurants and local attractions ● Currently, the Subject property has 56 boat slips rented with consistent income ● The marina is subject to a submerged land lease with the State of Florida ● Potential redevelopment for an additional 88 to 32 dry docks (depending on size) ● Rents +/-20% below market Year 3: 8.8% SVN | COMMERCIAL PARTNERS Tiffany Luongo tiffanyl@svn.com 239.707.1700 Lauri Albion lauri.albion@svn.com 239.851.5492 John Albion john.albion@svn.com 239.410.2234 $4,248,634
- 12. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size Price/Acre PROPERTY DETAILS PROPERTY HIGHLIGHTS OTHER | 700, 702, 716 & 718 FISHERMANS WHARF | FORT MYERS BEACH, FL $6,900,000 $138,000 .63 acres ● Prime Waterfront Location ● 53 boat slips with State of Florida Approved Submerged Land Lease ● Community Hub of Locals and Tourists ● Established Reputation of Great Food & Drinks ● Turnkey Restaurant Operation ● Easy Boat Access ● Comfortable Event Room ● Dedicated Parking Available Year 3: 8.8% SVN | COMMERCIAL PARTNERS Lauri Albion lauri.albion@svn.com 239.851.5492 John Albion john.albion@svn.com 239.410.2234 Tiffany Luongo tiffanyl@svn.com 239.707.1700
- 13. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size Price/Acre PROPERTY DETAILS All SVN® offices are independently owned and operated. © 2024 SVN International Corp. PROPERTY HIGHLIGHTS RESTAURANT | UNDISCLOSED | MISSOULA, MT $7,250,000 $181,250 64.5 acres ● Successful Iconic Restaurant ● 9-Hole Golf Course ● Missoula Full Beverage Liquor License ● Additional Land for Development ● 64+ acres ● Substantial FF&E $112,403 8% SVN | PUREWEST Devin Khoury devin.k@svn.com 406.207.8200
- 14. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size Price/SF PROPERTY DETAILS All SVN® offices are independently owned and operated. © 2024 SVN International Corp. PROPERTY HIGHLIGHTS SPECIAL PURPOSE | 1650 W 17TH STREET | CHICAGO, IL $3,950,000 $79,000 82,250 SF ● Rare 4 Building Portfolio on Large Land Site ● East Pilsen Neighborhood of Chicago ● Adjacent to CTA Pink Line ● Located within TOD ● Large Parking Lot Included in the Sale $48 8% SVN | CHICAGO COMMERCIAL Paul Cawthon paul.cawthon@svn.com 630.640.1001 Angelo Labriola angelo.labriola@svn.com 708.307.7529
- 15. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size Price/Acre PROPERTY DETAILS All SVN® offices are independently owned and operated. © 2024 SVN International Corp. PROPERTY HIGHLIGHTS GOLF & RESORTS | 26001 HEINZ RD | WILLOW RIVER, MN $3,115,000 $62,300 79.14 acres ● Children's camp bordering multiple lakes in MN ● Could also be converted to a resort, corporate retreat, rehab facility, etc. ● Includes a main lodge, 15 cabins, a manager's quarters & multiple outbuildings ● Includes a sports court, swimming pool, climbing tower, baseball field, archery, hiking trails, lake activities, ropes courses, etc. ● Approximately 55+ acres available for future development $39,361 8% SVN | NORTHCO Frank Jermusek frank.jermusek@svn.com 952.820.1615 Emilia Molle emilia.molle@svn.com 952.820.1618
- 16. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size Price/SF Cap PROPERTY DETAILS All SVN® offices are independently owned and operated. © 2024 SVN International Corp. PROPERTY HIGHLIGHTS RETAIL | 2511 OREGON ROAD | NORTHWOOD, OH $2,400,000 $42,000 19,200 SF ● Fully occupied 19,200 SF neighborhood retail center ● Plaza in excellent condition with recent capital improvements ● Rent escalations already in place for several tenants, upside potential for others ● I-75 VPD 72,555 (23) $125 7.56% SVN | ASCENSION COMMERCIAL REALTY Rami Sebai rami.sebai@svn.com 419.377.0797
- 17. Price Buy Side Fee Size Price/SF Cap All SVN® offices are independently owned and operated. © 2024 SVN International Corp. PROPERTY DETAILS PROPERTY HIGHLIGHTS RESTAURANT | CONFIDENTIAL | NORTHWEST OH $1,999,500 X 11,036 SF ● All FF&E is included in sale, business not included ● Possible redevelopment and/or land lease opportunity ● Free standing building situated on 2.09 acres ● Building can be reconfigured to accommodate multiple users ● Located near national retailers and restaurants ● Located on a main thoroughfare, 4 lane road with turning lane ● Just over 1 mile north of 2 major highways ● Excellent visibility with a monument sign and 190ft of X X SVN | ASCENSION COMMERCIAL REALTY Tim Schlachter, CCIM tim.schlachter@svn.com 419.466.5501 Rami Sebai rami.sebai@svn.com 419.377.0797
- 18. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size Price/SF PROPERTY DETAILS All SVN® offices are independently owned and operated. © 2024 SVN International Corp. PROPERTY HIGHLIGHTS RETAIL | 427 WHITECREST DRIVE | MARYVILLE, TN $2,300,000 $69,000 13,900 SF ● 2 acres, 2 industrial buildings retrofitted for retail/brewery use ● Building 1: 1,600 SF taproom, 4,500sf industrial; Building 2: 7,800 SF industrial ● 68 parking spaces, outdoor seating, covered patio, turf lawn ● Near Hwy 129/321, 2.5 miles from McGhee Tyson Airport ● Zoned High Intensity Retail ● Brewery FF&E included in the sale $165 8% SVN | WOOD PROPERTIES McKenzie Kramer mckenzie.kramer@svn.com 951.401.3343 Maddie Haynes maddie.haynes@svn.com 865.654.1336
- 19. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Lease Rate Lease Terms Tenant Rep Fee Size PROPERTY DETAILS All SVN® offices are independently owned and operated. © 2024 SVN International Corp. PROPERTY HIGHLIGHTS RESTAURANT LEASE | 401-465 E ILLINOIS STREET | CHICAGO, IL Negotiable Negotiable 3% ● One of a kind high capacity restaurant/event space in Chicago's Streeterville neighborhood ● ±33,000 SF-divisible to 8,000 and 25,000 SF spaces ● Fully built-out 2nd generation space with incredible existing infrastructure ● Rarely available waterside space in one of Chicago's most sought-after locations 33,000 SF 8% SVN | CHICAGO COMMERCIAL Wayne Caplan wayne.caplan@svn.com 312.529.5791 Jim Martin jmartin@svn.com 312.296.5353
- 20. F O R J O I N I N G U S T H A N K Y O U
- 21. 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.
Editor's Notes
- #5: Approved
- #6: Approved
- #7: Approved
- #8: Approved
- #11: Tiffany Luongo & Lauri Albion Presenting
- #12: Tiffany Luongo & Lauri Albion Presenting
- #13: Devin Khoury Presenting
- #14: Angelo Labriola Presenting
- #15: Brooke Bleser Presenting
- #16: Rami Sebai Presenting
- #17: Tim and Rami Presenting
- #18: McKenzie Kramer Presenting
- #19: Wayne Caplan Presenting