SVN Live 2.13.23 Weekly Property Broadcast
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The document discusses the weekly property broadcast from SVN, highlighting a rise in economic optimism in the U.S. to a ten-month high, despite still being in pessimistic territory. It provides updates on notable real estate transactions, including sales and leases, along with specific property details across various locations. Consumers are showing less belief in a recession, indicating shifts in economic sentiment and investor interest in sustainable properties.
SVN Live 2.13.23 Weekly Property Broadcast
- 3. www.SVN.com Economic Updates Provided by ○ Economic optimism in the US increased to a ten-month high in February, according to an Index developed by Investor’s Business Daily and Technometrica Market Intelligence. ○ The index is based on a nationwide survey of 900 adults and measures the six-month forward-looking economic outlook, where a reading above 50 indicated optimism and one below 50 indicated pessimism. ○ February’s Economic Optimism Index ticked up to 45.1 from 42.3 in January. Though the index remains in “pessimistic” territory, the percentage of consumers who believe that the US is currently in recession or that their personal finances are at risk saw month-over-month declines. ○ Other key items included climate risk, which has proven difficult for investors to price, but rising evidence shows that buildings that meet specific sustainability standards sell at high premiums. Down-market resilience and due diligence in using data were also important developments to keep an eye on. Economic Optimism
- 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 Size Price/SF $1,350,000 6,006 SF OFFICE | 839, 842, AND 835 BROAD STREET | COLUMBUS, OH ○ 60,00 sf medical office in Franklinton ○ Property sits 1 mile from center city Columbus in one of the hottest re- development sites in the MSA ○ Client used 1031 Funds from their recent sale of multifamily facilitated by our office ○ Client also bought the associated business; a mental health clinic $225 SVN | Wilson Commercial Group, LLC SETH ASMAN seth.asman@svn.com 614.747.2052 MELANIE WOLLENBERG melanie.wollenberg@svn.com 614.778.6383
- 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 $5,175,000 54,484 SF MULTIFAMILY | 288 CARDINAL PARK DRIVE | COLUMBUS, OH ○ 58 unit B-Class apartments with detached garages ○ Columbus-Reynoldsburg market ○ Deal financed with 5.75% interest rate, 7-year fixed terms! $95 SVN | Wilson Commercial Group, LLC SETH ASMAN seth.asman@svn.com 614.747.2052 MELANIE WOLLENBERG melanie.wollenberg@svn.com 614.778.6383
- 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 Lease Value Lease Terms Size $1,358,676 7 years RETAIL | 1309 EAST BROADWAY | CAMPBELLSVILLE, KY ○ SVN represented the landlord to bring Bargain Hunt, a regional brand to Campbellsville, KY ○ Tenant procured through a meeting at the "Retail Live" Conference ○ By leasing to a credit tenant, SVN was able to add value to a property that was originally going to be sold vacant 41,172 SF SVN | Stone Commercial Real Estate WESTON LOCKHART weston.lockhart@svn.com 859.317.3538
- 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 Lease Value Lease Terms Size $1,477,559 10 years RETAIL | 1800 TOWER DRIVE | GLENVIEW, IL ○ Prominent restaurant space in the Glen Town Center ○ Full service Japanese style restaurant and bar ○ Well established sushi operator ○ Brand new restaurant prototype ○ Long term lease 6,002 SF SVN | Chicago Commercial LORILE HERLIHY lherlihy@svn.com 312.529.5794 SCOTT REINISH sreinish@svn.com 312.667.4609 MARCUS COOK marcus.cook@svn.com 312.676.1863 LESLIE KARR leslie.karr@svn.com 312.529.5792
- 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 Lease Value Lease Terms Size $1,643,709 10 years OFFICE | 415 N CRESCENT DRIVE | BEVERLY HILLS, CA ○ $7.00 PSF on a 1,668 SF space ○ 10-year lease for build-to-suit medical office in Beverly Hills -- Golden Triangle ○ Tenant is an expanding Medical Group with multiple locations providing primary care services backed by publicly traded TSX Company ○ Anticipated opening Q-2 2023 1,668 SF SVN | Vanguard TRICIA MCCARROLL DRE 2038733 tricia.mccarroll@svn.com 949.929.7583 JAY NO DRE 02052695 jno@svn.com 949.558.0311
- 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 Cap $2,510,000 6,778 SF SINGLE TENANT INVESTMENT | 98 STONE CHIMNEY RD SE | SUPPLY, NC ○ Sold to institutional buyer despite rising interest rates with no price decrease $370 SVN | Rich Investments Real Estate Partners JOSH SNYDER josh.snyder@svn.com 925.876.0884 6.2% SVN | Efird Commercial Real Estate FRANK EFIRD JR. frank.efird@svn.com 910.769.1915
- 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/SF $4,150,000 17,979 SF OFFICE | 218 S U.S. HIGHWAY ONE | TEQUESTA, FL ○ Very rare and limited office building in exclusive Jupiter/Tequesta ○ 12th transaction with this group $231 SVN | Waterfront Commercial Realty ROBERT HAMMAN robert.hamman@svn.com 561.346.2310
- 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 Sale Price Size Price/SF Cap $12,800,000 128,939 SF RETAIL | 2155 W COLONIAL DR | ORLANDO, FL ○ 100% leased mall & flea market ○ New 10 year O’Reilly’s Auto Parts lease ○ 129,000 SF on 11 acres ○ 1.4 miles to I-4 in Orlando, FL ○ New approvals for outside vending $99 SVN | Alliance Commercial Real Estate Advisors CARL W LENTZ IV carl.lentz@svn.com 386.566.3726 6.7%
- 13. 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 $13,431,900 40 units SFR PORTFOLIO | POPLIN TRACE PHASE 3 TRANCHE 1,2,3,4 | CHARLOTTE, NC ○ Total three-phase 268 home BFR community totals $68mm ○ Three different product styles ○ Tranche 1,2,3,4 of Phase III, Closed at $13,431,900.00 ○ Construction to be completed Q1 $$335,798 7% SVN | SFRhub Advisors TOM JOHNSTON tom.johnston@svn.com 602.825.1780 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | Southern Commercial Real Estate, LLC MARK MAYFIELD mark.mayfield@svn.com 803.325.1000 x2
- 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 Lease Rate Lease Terms Tenant Rep Fee Size OFFICE | 800 W WASHINGTON BLVD | CHICAGO, IL $35 SF/YR (NNN) $35/RSF (NNN) $1.25/RSF/YR ○ Unprecedented full-floor corner penthouse office/showroom space in Chicago’s booming Fulton Market ○ Kitty corner from Whole Foods, adjacent to Soho House Chicago and Chicago’s Randolph Street Restaurant Row ○ Just over 8,300 RSF located on the 2nd and 3rd floors, exclusive roof top deck and up to eight (8) on-site dedicated parking spaces 8,318 SF ADAM THOMAS adam.thomas@svn.com 847.219.6383 CHAD SCHROEDL chad.schroedl@svn.com 312.756.7329 LOGAN PARSONS logan.parsons@svn.com 312.756.8446 SVN | Chicago Commercial
- 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 RETAIL | 340 LINDEN AVE | WILMETTE, IL $1,600,000 $48,000 7,260 SF ○ ±7260 SF multi-tenant commercial building on approx. 10,402 SF land site ○ 3 existing tenants with short-term leases at below-market rents ○ NR-1 zoning allows for a 3-story new development of approx. 30,000 SF ○ Great east Wilmette location $220 WAYNE CAPLAN wayne.caplan@svn.com 312.529.5791 SVN | Chicago Commercial
- 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/SF RETAIL | 1 AUTO ROW DRIVE, UNIT 2 | BLOOMINGTON, IL $1,250,000 $31,250 14,012 SF ○ Located along the vibrant and fast-moving Veterans Parkway ○ Traffic counts in excess of 43,000 ○ Wide open floor plan could be used for Retail or converted to office ○ Bloomington is centrally located between Chicago, St. Louis and Indianapolis ○ Bloomington’s unemployment rate has remained low due to large companies like Rivian Automotive and Ferrero Chocolate bringing increasing jobs to the area $89 CARRIE TINUCCI-TROLL carrie.troll@svn.com 309.590.7900 JILL SPRATT jill.spratt@svn.com 309.590.7900 SVN | Core 3 Commercial Real Estate
- 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 RETAIL | 4201 W CHARLESTON BOULEVARD | LAS VEGAS, NV $1,300,000 $39,000 1,118 SF ○ 101 feet of frontage on W Charleston Boulevard and 163 feet on Vista Drive ○ Corner lot with 3 ingress/egress points (two curb cuts on W Charleston and one curb cut on Vista) ○ High traffic thoroughfare (Charleston Blvd: ±35,000) ○ Fully equipped auto repair building (all equipment conveyed with property*) ○ Two indoor service bays with rotary lifts ○ Two outdoor service bays with rotary lifts $1,163 ZECHARIAH LEVI zech.levi@svn.com 702.527.6280 ERIC ROGOSCH eric.rogosch@svn.com 702.527.5313 NOLAN JULSETH-WHITE, CCIM nolan.jwhite@svn.com 702.527.7562 SVN | The Equity Group
- 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 SINGLE TENANT INVESTMENT | 7224 FM 78 | SAN ANTONIO, TX $2,060,000 $41,200 655 SF ○ 15 year absolute NNN ○ Full personal guarantee for the 15 year term ○ Located near the intersection of FM 78 & Woodlake Pkwy in San Antonio, TX $3,145 JACKSON CAIN jackson.cain@svn.com 832.797.8848 SVN | J. Beard Real Estate - Greater Houston 5.5%
- 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/Acre LAND | 0 W 300 N | GREENFIELD, IN $2,803,435 $70,086 78.97 acres ○ 78.97 gross acres ○ Zoned "IBP: Industrial Business Park" ○ Water and sanitary infrastructure at or adjacent to site ○ Floodplain/floodway present on the property ○ Located in a rapidly growing industrial submarket $35,500 JEFFREY LAUER jeffrey.lauer@svn.com 317.775.0007 MARK HARTMAN mark.hartman@svn.com 317.691.3295 SVN | Northern Commercial
- 22. www.SVN.com Events & Webinars TUESDAY FEBRUARY 14 Institutional Capital Markets Product Council Meeting 10:00 AM PT | 1:00 PM ET THURSDAY FEBRUARY 16 Industrial Product Council Meeting 10:00 AM PT | 1:00 PM ET Date: February 13-18, 2022
- 23. THANK YOU for joining us!
- 24. 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.