SVN Live 4.10.23 Weekly Property Broadcast
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The document contains a weekly property broadcast detailing new SVN advisors across various franchises and locations in the U.S. It also provides economic updates indicating potential credit tightening risks in the commercial real estate sector due to recent banking issues, while CRE fundamentals remain strong. Additionally, it highlights closed transactions, property details, and upcoming events related to SVN activities.
SVN Live 4.10.23 Weekly Property Broadcast
- 2. www.SVN.com Welcome New SVN Advisors Advisor Name SVN Franchise & Location Mason McCrary SVN | AVAT Realty, LLC Huntsville, Alabama Lynsey Kayser SVN | MG Property Advisors Inc. San Rafael, California Ashley Hutchinson SVN | Vanguard Santa Ana, California Brock Smith SVN | Vanguard Santa Ana, California Cameron Jones SVN | Vanguard Santa Ana, California Ali Mushtaq SVN | Alliance Commercial Real Estate Advisors Ormond Beach, Florida Natvar Nana SVN | Alliance Commercial Real Estate Advisors Ormond Beach, Florida
- 3. www.SVN.com Welcome New SVN Advisors Advisor Name SVN Franchise & Location TC Chen SVN | Alliance Commercial Real Estate Advisors Ormond Beach, Florida Stephen Arrivello SVN | Commercial Partners Fort Meyers, Florida Keshav Reddy SVN | Commercial Partners Miami, Florida Mike Parker SVN | Saunders Ralston Dantzler Lakeland, Florida Mike Matre SVN | Saunders Ralston Dantzler Lakeland, Florida Trace Linder SVN | Saunders Ralston Dantzler Lakeland, Florida
- 4. www.SVN.com Welcome New SVN Advisors Advisor Name SVN Franchise & Location Alexander Medley SVN | Creviston Realty, Inc. Roswell, Georgia Angela Moore SVN | Interstate Brokers Peachtree Corners, Georgia Trenton Nicioli SVN | Chicago Commercial Chicago, Illinois Cole Hornbuckle SVN | CREATE Commercial Real Estate Advisors West Des Moines, Iowa Colin Tokosch SVN | Miller Commercial Real Estate Salisbury, Maryland Ryan Menke SVN | Holman Partners St. Peters, Missouri
- 5. www.SVN.com Welcome New SVN Advisors Advisor Name SVN Franchise & Location Mihai Ionescu SVN | The Equity Group Las Vegas,Nevada Hampton Peace V SVN | Peace & Company Myrtle Beach, South Carolina David Bolden SVN | Dunn Commercial Arlington, Texas Jacquelyn Prosch SVN | J. Beard Real Estate - Greater Houston The Woodlands, Texas Laurie Carter SVN | Trinity Advisors Fort Worth, Texas Andrew Keef SVN | Cornerstone Spokane, Washington
- 7. www.SVN.com Economic Updates Provided by ○ After recent distress in the banking sector, there is a risk that many of the small and mid-sized banks that hold the bulk of US commercial real estate loans may see a credit crunch, dampening liquidity in the sector. ○ According to Goldman Sachs, roughly 80% of all bank loans for CRE come from regional banks, which are most likely to see a tightening of credit and lending standards following the collapse of Silicon Valley Bank. ○ CRE fundamentals remain strong relative to the broader US economy. Still, any upcoming refinance activity must factor in higher interest rates and the shifting demand profiles of CRE sectors. This will be of particular concern for low-interest office loans coming due, which will have to contend with higher rates and lower long-term demand. Interest Rate Impact on Bank Securities and Capital
- 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 $1,300,000 15 years OFFICE | 203 E BUSINESS 83 | WESLACO, TX ○ Tenant: U.S. DOT, Federal Motor Carrier Safety Administration ○ 15 year term with additional 2 year option ○ Base rent of $21.41/SF/YR years 1 through 8, $24.62 years 9 through 15+ ○ Tenant improvements budgeted between $150-$500k, amortized over first 8 years at 7.79% per annum ○ Anticipated delivery of September '23 ○ 102 page lease 3,378 SF SVN | Kingside Realty ZACH SUNDERLAND zach.sunderland@svn.com 956.975.7481
- 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/Acre $1,400,000 242 acres LAND | US HIGHWAY 98 | OKEECHOBEE, FL ○ A mix of native pasture coupled with gorgeous oak trees and cabbage palm hammocks ○ Nearly 1,100 feet of frontage on HWY 98 ○ Located only 15 minutes from the city limits of Okeechobee ○ The Okeechobee region continues to be one of the most popular areas of Florida to own ranchland $5,785 SVN | Saunders Ralston Dantzler KEAT WALDRON, ACL keat.waldron@svn.com 863.214.3410
- 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 Cap $1,700,000 20,000 SF RETAIL | 1716 RT DUNN DRIVE | BLOOMINGTON, IL ○ Fully leased 20,000 SF retail/office property ○ Great visibility from Veterans Parkway in Bloomington, IL ○ Out of state buyer ○ SVN | Core 3 able to maintain the management of the property for new buyer $85 SVN | Core 3 Commercial CARRIE TINUCCI-TROLL carrie.troll@svn.com 309.590.7900 DEMI POWELL demi.powell@svn.com 309.590.7900 7.5%
- 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 $1,880,000 23,980 SF INDUSTRIAL | 9600 OGDEN AVENUE | LA GRANGE, IL ○ Hard to find building size for sale ○ Close proximity to I2-94, I-55 and retail ○ Great exposure to Ogden Avenue ○ Traffic counts of 26,000 vehicles per day on Ogden Avenue ○ Walk to commuter rail $78 SVN | Chicago Commercial DAVID PERNICE david.pernice@svn.com 312.607.3300 HARRISON WRIGHT harrison.wright@svn.com 314.306.0182
- 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 Size Price/SF $2,300,000 3,852 SF OFFICE | 1885 VILLAGE CENTER CIRCLE | LAS VEGAS, NV ○ Newly renovated office building in an affluent area of Las Vegas ○ Strategically took this to market last year as a vacant building for lease up to 49% ○ Successfully leased 49% of the building and shifted focus to selling the property, targeting owner-users ○ Identified qualified buyer within 30 days, closed successfully with financing in place ○ Record-breaking price per SF for Office product in Summerlin $597 SVN | The Equity Group NOLAN JULSETH-WHITE, CCIM nolan.jwhite@svn.com 702.527.7562 ZECHARIAH LEVI zech.levi@svn.com 702.527.6280
- 14. 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 $14,200,000 111,212 SF RETAIL | 23771 EL TORO RD | LAKE FOREST, CA ○ 111,212 SF retail center on 10+ acres ○ Leasehold interest purchased with long term lease remaining ○ 8.9% cap rate on current income in South Orange County ○ 99% occupied center with national anchor tenants $128 SVN | Vanguard JON DAVIS 01885959 jon.davis@svn.com 949.558.0302 8.9%
- 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/Acre LAND | 108 & 112 E INTERSTATE 20 | WEATHERFORD, TX $1,200,000 $24,000 1.74 acres ○ 1.74 AC pad site located in a strong regional power center ○ The Weatherford Marketplace is the 271,000 SF premier shopping destination, the largest in the area that serves 5 counties ○ Shadow anchored by Target, Lowes, Kohls ○ Surrounded by many national retailers and restaurants ○ Highly visible location off I-20 with avg. 56,000 VPD ○ All utilities are to the site and it has a C 2 zoning $689,655 SVN | Trinity Advisors LAURIE CARTER laurie.carter@svn.com 312.662.2823 HAYDEN HARDER hayden.harder@svn.com 817.288.5553
- 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 No. of Units Price/Unit Cap SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $1,300,000 $26,000 4 units ○ Visit www.SFRhub.com and search for portfolio 101362 for more information ○ Huge value-add upside with current rents 12% below market ○ All homes are single-family detached homes with 2-car garages ○ Asset mix consists of three 3-bedroom homes and one 4-bedroom home ○ Average home size of 1,738/SF and an average vintage of 2001 SVN | SFRhub Advisors TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 MICHAEL FINCH michael.finch@svn.com 480.797.9825 TOM JOHNSTON tom.johnston@svn.com 602.825.1780 SFR PORTFOLIO | 4 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ 6.31% $325,000
- 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 No. of Units Price/Unit Cap SFR PORTFOLIO | 6 HOME SFR INVESTMENT PORTFOLIO | PHOENIX, AZ $4,941,000 $98,820 61 units ○ Visit www.SFRhub.com and search for portfolio 101426 for more information ○ 56 single-family detached homes, 1 duplex and 1 triplex-Unit mix includes 2-1 bed; 17 – 2 bed; 37 – 3 bed and 5 – 4-bedroom homes ○ Homes are 94% leased to fully vetted tenants ○ The average home size is 1,061 square feet ○ Average year built is 1955 ○ Professionally managed SVN | SFRhub Advisors TIM ORSCHELN tim.orscheln@svn.com 480.291.4330 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SFR PORTFOLIO | 61 HOME SFR INVESTMENT PORTFOLIO | MACON, GA 9.67% $81,000 SVN | Interstate Brokers JOHN JOHNSON johnsonj@svn.com 404.303.1232
- 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/Acre LAND | HICKORY CREEK - STERNS RD | BEDFORD TWP, MI $1,675,000 $67,000 40.04 acres ○ Zoning; PUD, R-3, and RM-2 ○ Approved for both single family & multifamily development ○ Half mile east of Lewis Ave off of Sterns Road ○ 12,750 VPD (19) $41,833 SVN | Ascension Commercial Realty, LLC DOUG WRIGHT, CCIM doug.wright@svn.com 419.540.8888 TIM SCHLACHTER, CCIM tim.schlacter@svn.com 419.540.8888
- 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 | 1010 GILBERTS CREEK |LAWRENCEBURG, KY $6,141,500 $184,245 70 acres ○ +/- 70 acres of industrial development land ○ Lots range from $85,000 per acre up to $99,000 per acre ○ Lots can be combined for a larger site ○ Anderson County is a "work ready community" with no occupational tax ○ Right off Bluegrass Parkway (HWY 9002) at US Hwy 127, in the heart of the Kentucky Bourbon Trail ○ Sewer pump station, 3-phase electric, and accessibility to an 8 inch water line $87,736 SVN | Stone Commercial Real Estate JOHN SOPER john.soper@svn.com 859.608.0256 KYLE JOHNSON kyle.johnson@svn.com 859.619.1982
- 22. www.SVN.com Events & Webinars WEDNESDAY APRIL 12 SFR/BFR Product Council Meeting 8:00 AM PT | 11:00 AM ET WEDNESDAY APRIL 12 Best Practices Webinar 10:00 AM PT | 1:00 PM ET SATURDAY APRIL 15 Saturday Call with John McDermott 8:30 AM PT | 11:30 AM ET Date: April 10-15, 2023
- 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.