SVN Live 12.16.24 Weekly Property Broadcast
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The document provides updates on Thanksgiving inflation, noting declines in prices for turkey, ham, and potatoes while highlighting a significant 30.4% increase in egg prices. It also lists various real estate transactions, including sales of industrial, multifamily, and office properties across different locations with specific details on each property and their sale prices. Additionally, upcoming events and webinars hosted by SVN are scheduled for December 16-21, 2024.
SVN Live 12.16.24 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 December 16, 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 ● According to Chandan Economics' annual Thanksgiving Inflation reporting, some of the major staples of the Thanksgiving feast saw their prices decline compared to last year. Nonetheless, cumulative post-pandemic price increases mean the feast has inflated more than just our waistlines in recent years. ● Turkey prices were down 3.9% year-over-year heading into the Thanksgiving holiday, while ham prices were down by an average of 2.0%. Potatoes fell by 1.5%. Meanwhile, eggs, a key input for baked desserts during Thanksgiving, saw a significant price increase, up by an average of 30.4%. ● Since 2020, the prices of Thanksgiving staples have cumulatively skyrocketed. Eggs are up 61.9% over the past four years, while flour and prepared flour mixed are up 35.6%. This is followed by bakery products (+27.0%), sauces and gravies (+25.4%), and turkey (+22.5%). Holiday Inflation
- 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 Cap PROPERTY DETAILS TRANSACTION HIGHLIGHTS $6,900,000 154,000 SF $45 ● Located close to Interstate for efficient logistics ● 100% occupied ● Sold at full price ● Offer in less than 24 hours after listed INDUSTRIAL | 1715 HAMILTON, 1719 HAMILTON & 1807 MORRISSEY | BLOOMINGTON, IL SVN | CORE 3 Jill Spratt jill.spratt@svn.com 309.590.7900 8.41%
- 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 No. Units Price/Unit Cap PROPERTY DETAILS TRANSACTION HIGHLIGHTS $5,291,000 19 units $278,474 ● (11) 3 bedroom 2 bathroom 1,146 SF units ● (8) 2 bedroom 2 bathroom 1,043 SF units ● 1 garage for each unit (19 total garages) ● 14 additional car parks and 10 additional 225 SF storage units ● Finishes include LVP flooring, quartz countertops, and stainless steel appliances ● Washer and dryer in each unit ● Patio/balcony for each unit MULTIFAMILY | 120 N LOCUST RD | SPOKANE VALLEY, WA SVN | CORNERSTONE Jordan Lester, MBA, CCIM jordan.lester@svn.com 509.496.6922 5.74%
- 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 No. Units Price/Unit Cap PROPERTY DETAILS TRANSACTION HIGHLIGHTS $2,755,250 23 units $119,793 ● Sold at Ten-X auction ● Over 220 signed CA's ● 15+ tours ● Value add investment with ideal location in Southwest Portland MULTIFAMILY | 3807-3811 S WATER AVE | PORTLAND, OR SVN | IMBRIE REALTY Rae Nomura, MAI, CCIM rae.nomura@svn.com 503.575.8065 7.33%
- 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 $2,025,000 10,690 SF $189 ● Upscale freestanding two story office condo building ● All cash, closed in 30 days ● SVN | CR also relocated existing tenant ● Les Byron’s father was the original developer of the land OFFICE | 2937 W CYPRESS CREEK ROAD | FORT LAUDERDALE, FL SVN | COMMERCIAL REALTY Les Byron, SIOR, CCIM les@svncr.com 954.401.4713 Keith Kidwell, SIOR, CCIM keith@svncr.com 954.234.8777 Steve Davis steve@svncr.com 954.650.7824
- 9. 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 $1,600,000 4.93 acres $324,544 ● 1031 Exchange upleg and also downleg ● Three Contracts over a 3 year period ● Contract to close, 5 months ● Bank loan issues cost us an additional month, due to environmental review ● The property gained in value by $100,000 between contracts ● Finally done! Full price at a 7.4% cap rate! LAND | 754-758 S MAIN STREET | WOODSTOCK, VA SVN | COMMERCIAL SPECIALISTS Jim Guisewhite jim.guisewhite@svn.com 540.325.0573 8.41%
- 10. 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 $1,350,000 8,900 SF $152 ● Great owner/user or investor opportunity in southeast Lakeland ● Situated along Maine Ave & Longhorn INDUSTRIAL | 2610 LONGHORN AVENUE | LAKELAND, FL SVN | SAUNDERS RALSTON DANTZLER Craig Morby craig.morby@svn.com 863.581.0059 Eric Ammon, CCIM eric.ammon@svn.com 863.602.1001 Carson Futch carson.futch@svn.com 863.559.0800
- 11. 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 $1,250,000 10,500 SF $119 ● This property is located along Maine Ave in southeast Lakeland. It is just north of the Polk Parkway and approximately 3 ± miles east of U.S Highway 98. ● 10,500 SF office/warehouse opportunity in southeast Lakeland on 1.04 acres. ● The property is zoned IND, unincorporated Polk County. ● Possible income - 6,300 SF x $13 - $81,900. 4,200 SF x $10 + $42,000. Total income possibility at $123,900. INDUSTRIAL | 4360 MAINE AVE | LAKELAND, FL SVN | SAUNDERS RALSTON DANTZLER Craig Morby craig.morby@svn.com 863.581.0059 Eric Ammon, CCIM eric.ammon@svn.com 863.602.1001 Carson Futch carson.futch@svn.com 863.559.0800
- 12. 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 $1,200,000 10,800 SF $111 ● Previously was utilized as a Business Suite meeting center for classic car enthusiasts ● The building features 17 private offices, 5 garage bays in the rear, and has a fully equipped bar area in the center of the property ● Sold for $100,000 over appraisal price ● New ownership plans to gut and convert the garages for a lab testing use to go along with the office space OFFICE | 2623 S ARLINGTON STREET | AKRON, OH SVN | SUMMIT COMMERCIAL REAL ESTATE ADVISORS Graydon Fox graydon.fox@svn.com 330.703.5283 Aaron Davis aaron.davis@svn.com 330.221.7297
- 13. F E A T U R E D INVENTORY W W W . S V N . C O M
- 14. 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 $1,076,175+ $37,578,000 +
- 15. 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 INDUSTRIAL | 811 N 1ST STREET | SILVERTON, OR $8,629,000 $215,725 115,860 SF ● Great labor pool available ● Uses from food production to industrial manufacturing ● Also available for sublease ● Inquire with listing agents 5% SVN | COMMERCIAL ADVISORS LLC Curt Arthur, SIOR curt.arthur@svn.com 503.588.0400 Nick Williams, CCIM nick.williams@svn.com 503.588.0400 $74
- 16. 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 LAND | 6600 OLD PACIFIC HIGHWAY S | KALAMA, WA $7,800,000 $234,000 17.05 acres ● Approved for 264 units ● Views of the Columbia River ● Strong demographics and easy to work with city ● $5,130,000 in site work completed ● First phase for 76-units is ready for development! $457,478 10% SVN | IMBRIE REALTY Rae Nomura, MAI, CCIM rae.nomura@svn.com 503.575.8065 Hugh Holtman hugh.holtman@svn.com 503.799.0447 Ryan Imbrie, CCIM ryan.imbrie@svn.com 503.208.9403
- 17. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size Price/Acre Cap PROPERTY DETAILS All SVN® offices are independently owned and operated. © 2024 SVN International Corp. PROPERTY HIGHLIGHTS GOLF & RESORTS | 7353 HORSESHOE BAY ROAD | EGG HARBOR, WI $6,850,000 $137,000 4.09 acres ● Profitable resort with 400’ of private shoreline on Lake Michigan ● Located in Door County, WI – one of the top Midwest vacation destinations ● 30 units that sleep 118 with motel rooms, townhouses, a cottage, and also a manager’s residence onsite ● Variety of amenities including an outdoor pool, hot tub, tennis/pickleball courts, beach, dock, canoes/kayaks, bicycles, fire pits, and picnic areas $1,674,817 10% SVN | NORTHCO Frank Jermusek frank.jermusek@svn.com 952.820.1615 Emilia Molle emilia.molle@svn.com 952.820.1618
- 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 INDUSTRIAL | 1325 W 15TH ST | CHICAGO, IL $6,500,000 $162,500 53,179 SF ● Food manufacturing facility ● Features three coolers totaling 5,200 SF, eight interior docks, a freight elevator, and a finished second-floor office space totaling 9,513 SF ● Excellent location ● Owner is open to creative deal structure $122 10% SVN | CHICAGO COMMERCIAL Lina Adamis evangelina.adamis@svn.com 224.723.2528 Spero Adamis spero.adamis@svn.com 312.348.1000
- 19. 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 OFFICE | 790 MISSION AVE | SAN RAFAEL, CA $3,600,000 $180,000 10,335 SF ● Perfect for an owner user or redevelopment ● Ideal for office or mixed-use investment with residential ● Potential for value-add improvements ● Excellent visibility and accessibility ● Diverse permitted uses for versatile investment ● Prime location for professional tenants ● Located just 10 minutes north of the Golden Gate Bridge, San Francisco $348 10% SVN | MG PROPERTY ADVISORS, INC Julie Sommer julie.sommer@svn.com 415.755.3527
- 20. 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 OTHER | 209 WEST JEFFERSON STREET | GEORGETOWN, KY $2,050,000 $61,500 9,600 SF ● The historic First Baptist Church, converted for commercial use ● Available for lease or for sale to an owner-occupant or investor ● Parking included ● Flexible B-3 zoning ● Nextdoor to $50 million Scott County Hall of Justice, under construction ● Ongoing preschool business can be included in the sale ● A 4-min. drive from Mcclelland Cir and 7-min. drive from I-75 $214 6.19 % SVN | STONE COMMERCIAL REAL ESTATE Wade Haga. CCIM wade.haga@svn.com 859.285.2202 Nathan Dilly nathan.dilly@svn.com 859.420.5492
- 21. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size PROPERTY DETAILS All SVN® offices are independently owned and operated. © 2024 SVN International Corp. PROPERTY HIGHLIGHTS INDUSTRIAL | 6990 W WASHINGTON ST | INDIANAPOLIS, IN $1,100,000 $33,000 5,812 SF 4.45 AC ● +/- 6,000 SF building with high quality office/showroom finishes and ample warehouse space ● 4.45 acre lot with flexible zoning - many automotive uses permitted ● Pole sign facing W Washington Street (+/- 33,000 VPD road) ● Drive-ins | (2) 16' drive-ins & (1) 9' drive-in ● Power | 3-Phase 200 amp 120/240v ● Clear height | 16' $115 6.19 % SVN | NORTHERN COMMERCIAL Wade WIlson wade.wilson@svn.com 317.863.9271
- 22. 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 LAND | 115 N STATE STREET | SAN JACINTO, CA $1,049,000 $52,450 2.23 acres ● Corner parcel: Offering 550 feet of frontage on N State Street ● Commercial General Zoning: Allows for various approved uses including retail, business, professional, or personal services ● Strategic location: 1.5 miles from Mt. San Jacinto College and 3 miles away from Soboba Resort & Casino ● Utilities: easily accessible $470,404 SVN | INSIGHT COMMERCIAL REAL ESTATE ADVISORS Gabriela Devine gabriela.devine@svn.com 951.600.8634 x706
- 23. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Size PROPERTY DETAILS All SVN® offices are independently owned and operated. © 2024 SVN International Corp. PROPERTY HIGHLIGHTS OTHER | 8875 S US HWY 17-92 | MAITLAND, FL Subject to Offer 20,620 SF 20,620 SF ● 47 rooms ● Pool with lake access and lake view ● Monument sign for enhanced visibility and brand presence ● High visibility with ±50,500 VPD ● 190 FT of frontage on HWY 17-92 ● On-site elevator for added convenience ● Year built (1990) ● Total lot size (5.14 acres) ● Under Renovation 5% SVN | SAUNDERS RALSTON DANTZLER Dunia Zaban dunia.zaban@svn.com 863.510.1452 Bill Nguyen bill.nguyen@svn.com 407.304.0553
- 24. E V E N T S W W W . S V N . C O M E V E N T S & W E B I N A R S December 16-21, 2024 WEDNESDAY DECEMBER 18 BEST PRACTICES 1:00 PM EST | 10:00 AM PT MONDAY DECEMBER 16 PROPERTY MANAGEMENT PRODUCT COUNCIL MEETING 1:00 PM EST | 10:00 AM PT THURSDAY DECEMBER 19 MULTIFAMILY PRODUCT COUNCIL MEETING 12:00 PM EST | 9:00 AM PT
- 25. F O R J O I N I N G U S T H A N K Y O U
- 26. 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.