SVN Live 11.6.23 Weekly Property Broadcast
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The document provides updates on U.S. industrial production, which rose 0.3% month-over-month in September 2023, indicating a positive outlook for manufacturing demand and industrial real estate. It highlights various property transactions, detailing sale prices and characteristics of several properties across different states, emphasizing market dynamics and investment opportunities. Additionally, it promotes upcoming events and webinars related to real estate strategies and leasing.
SVN Live 11.6.23 Weekly Property Broadcast
- 3. www.SVN.com Economic Updates Provided by ○ US industrial production, a useful proxy measure for manufacturing demand and, by extension, a leading indicator for Industrial real estate, rose by 0.3% month- over-month in September, beating consensus expectations of a flat reading, according to Federal Reserve data. Total production is up by an annual rate of 2.5% in the third quarter. ○ Manufacturing output, which accounts for 78% of industrial production, rose 0.4% during the month following a 0.1% decline in August. ○ Mining output rose by 0.4%, its fourth consecutive month of growth, while utilities fell by 0.3%. ○ In Manufacturing, the strongest gain on a percentage basis were wood products, primary metals, and plastics and rubber products. Meanwhile, apparel/leather, as well as printing and support, saw the steepest monthly declines. Industrial Production
- 5. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap $7,200,000 26,745 SF OTHER | 403 PERRY STREET | CASTLE ROCK, CO ○ Purchased by HUD ○ Client from a cold call, multiple deals done ○ City council had to approve. Bonds were issued to pay for it ○ Interest rate climb put a huge “urgency” to the matter ○ 2 attorneys said this sale (mixed in with the other internal deals within the family) was the most difficult transaction they have ever worked on $269 6.1% SVN | Denver Commercial MARYANNE HARDEMAN maryanne.hardeman@svn.com 720.248.0128
- 6. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap $4,950,000 77,845 SF INDUSTRIAL | 3299 & 3301 BILL METZGER LANE | PENSACOLA, FL ○ NNN-leased investment ○ Credit tenant, below market lease rate ○ Great location in Ellyson Industrial Park ○ Laydown yard ○ 8.072 acre site $64 7.64% SVN | Southland Commercial LISA BRADLEY lbradley@svn.com 850.712.2232 SVN | MG Property Advisors GARY GUSTAFSON gary.gustafson@svn.com 415.472.1660
- 7. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $1,440,000 10,000 SF OFFICE | 900 BENT CREEK BLVD | MECHANICSBURG, PA ○ Located in Bent Creek Business Park ○ Convenient location to I-81 and Carlisle Pike ○ Situated among national and local retailers $144 SVN | Latus LAURA MARTIN laura.martin@svn.com 717.919.7888
- 8. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit Cap $1,303,026 25 units SFR PORTFOLIO | 25 HOME SFR INVESTMENT PORTFOLIO | MONTGOMERY, AL ○ 45 day closing ○ 25 units ○ Scattered SFR in Montgomery, Alabama ○ Conventional financing $52,121 7% SVN | SFRhub Advisors TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 SVN | JJMottram JOHN MOTTRAM john.mottram@svn.com 334.356.1771
- 9. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap $1,225,000 17,400 SF SELF STORAGE | 112 DANSING ST. | LAKE CITY, SC ○ Frontage on Dansing Street gives the facility good visibility ○ Fully fenced and paved with on-site security cameras and automated gate ○ 3 mile population density: 10,000 with a .9% growth within 1 mile ○ Drive-by traffic counts: 5,000 VPD $70 6.5% SVN | Wilson Commercial Group, LLC KRISTEN ASMAN kristen.asman@svn.com 614.370.9077 SVN | BlackStream STEPHEN AHNRUD stephen.ahnrud@svn.com 864.637.9302
- 12. 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 $6,995,000 $209,850 30,016 SF ○ +/- 30,016 total SF ○ +/- 7,800 SF retail storefront occupied by NAPA Auto Parts ○ New impact glass | New HVAC units | Newer roof ○ Total of eight (8) warehouse bays ranging from 1,250 SF to 5,300 SF ○ Bays are separately metered and have one (1) grade level door ○ Daily traffic counts of 35k cars per day INDUSTRIAL | 7331 NW 27TH AVENUE | MIAMI, FL SVN | Commercial Realty JOEL KATTAN, SIOR joel@svncr.com 954.448.8531 ANTHONY PERAGINE anthony@svn.com 786.643.0416 $233 7.83%
- 13. 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 $5,250,000 $157,500 .63 acres ○ The property (2 parcels) is approved for 23 units ○ More than double what current density allows ○ Delivery of new construction could offer more rooms with beach views and covered parking ○ Directly across from two public beach access points ○ Less than one mile to the only Publix serving the island ○ The swimming pool is intact but filled in HOSPITALITY | 5601-5607 ESTERO BLVD. | FORT MYERS BEACH, FL $3,307,500 SVN | Commercial Partners TIFFANY LUONGO tiffanyl@svn.com 239.707.1700 LAURI ALBION lauri.albion@svn.com 239.851.5492
- 14. 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 SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $3,800,000 $47,500 12 units ○ Prime 18th Street corner location ○ Award-winning restaurant tenant (Michelin Bib) ○ Gut renovated in 2015 ○ 120' of frontage on 18th St, 50' along carpenter ○ Consistent 100% occupancy MIXED-USE | 1800-1802 SOUTH CARPENTER | CHICAGO, IL $316,667 SVN | Chicago Commercial PAUL CAWTHON paul.cawthon@svn.com 312.676.1878 ANGELO LABRIOLA angelo.labriola@svn.com 312.676.1870
- 15. 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 $3,300,000 $82,500 14,600 SF ○ The property comprises nine units across three buildings with a favorable 89% occupancy rate and a well-diversified tenant mix ○ Exceptional visibility and exposure with over 277,000 daily vehicle traffic along Interstate I-95 ○ Significant 30% upside potential in rental income by adjusting rents to market rates ○ Approximately 135,000 residents live within a 3-mile radius RETAIL | 4010-4054 NW 9TH AVE | OAKLAND PARK, FL SVN | Commercial Partners ELON GERBERG elon.gerberg@svn.com 561.485.1129 ADAM H. KLEIN adam.klein@svn.com 561.282.9296 CLEVELAND SAINPREUX cleveland.sainpreux@svn.com 561.485.1655 $226
- 16. 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 $3,200,000 $96,000 32 units ○ Newly renovated 32 unit apartments ○ Great location ○ Low maintenance brick siding ○ Ample parking, on-site laundry ○ Tastefully updated interiors with stainless-steel appliances ○ New roofs, paint & landscaping MULTIFAMILY | 2604 DAUPHIN STREET | MOBILE, AL SVN | Southland Commercial LISA BRADLEY lbradley@svn.com 850.712.2232 7.07% $100,000
- 17. 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 $1,300,000 $32,500 4,799 SF ○ Located in Roscoe and two hours from major metropolitan areas, offering a great investment opportunity ○ Featuring three commercial spaces, including the Beaverkill Angler, a real estate office, and a cocktail bar and restaurant ○ Close to world-class trout streams, making it an ideal destination for fishing enthusiasts and the angling community ○ Renovated in 2017 RETAIL | 1959 OLD ROUTE 17 | ROSCOE, NY SVN | Innovative Commercial Advisors SCOTT WARREN, CCIM scott.warren@svn.com 607.621.0439 8.75% $271
- 18. All SVN® offices are independently owned and operated. © 2023 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ Subject to Offer 2% 24,000 SF ○ Tenant would like to expand an additional 18,000 SF. ○ 10 Year Corporate Backed Lease. ○ High-demand Industrial location ○ The local industrial market consistently maintains extremely low vacancy rates year over year. ○ The local industrial market has high barriers to entry with very few purchase opportunities year over year. ○ NOI - $172,306 SINGLE TENANT INVESTMENT | 1645 INDUSTRIAL PARKWAY SOUTH | BRUNSWICK, OH SVN | Summit Commercial Real Estate Advisors TYLER ROBIN tyler.robin@svn.com 330.591.7974 JERRY FIUME, SIOR, CCIM jerry.fiume@svn.com 330.416.0501
- 19. www.SVN.com Events & Webinars WEDNESDAY NOVEMBER 8 SVN | Strategies - CRM Best Practices 2:00 PM ET | 11:00 AM PT THURSDAY NOVEMBER 9 Leasing Product Council Meeting 11:30 AM ET | 8:30 AM PT THURSDAY NOVEMBER 9 Buildout Webinar | One-Stop-Shop Visual Media 1:00 PM ET | 10:00 AM PT Date: November 6 - 11, 2023
- 20. THANK YOU for joining us!
- 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.