SVN Live 4.8.24 Weekly Property Broadcast
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The document provides a weekly property broadcast summarizing the Federal Reserve's recent decision to maintain interest rates and projected rate cuts by the end of 2024 amid consistent inflation pressures. It also details various real estate transactions, including sales and leases across different property types such as hospitality, office, industrial, and land, highlighting significant financial details and property features. Additionally, it includes information about upcoming events and announcements related to SVN and their operations.
SVN Live 4.8.24 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 April 8, 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 Federal Reserve held interest rates steady at its March policy meeting, in line with market expectations that policymakers would continue its wait-and-see approach for the time being. ● Both the Fed and fed futures markets, as indicated by the Chicago Mercantile Exchange’s Fed Watch Tool, kept consistent their projections of three rate cuts by the end of 2024. ● Inflation has come down consistently over the past year, but resilient labor market and consumer spending dynamics have kept price pressures salient and inflation expectations elevated. ● In his post-meeting statement, Fed Chair Jerome Powell stated that the committee is prepared to maintain current interest levels for longer if needed to re-anchor price stability and expectations. Fed Interest Rate Decision
- 4. W W W . S V N . C O M C L O S E D TRANSACTIONS
- 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/Room Cap PROPERTY DETAILS TRANSACTION HIGHLIGHTS HOSPITALITY | 2525 ASHLAND ST | ASHLAND, OR $22,500,000 224 rooms $100,446 ● Ashland Hills Hotel & Suites is full-service hotel located on 14.34 acres. ● The property offers a restaurant, ~15,000 SF of meeting space, an outdoor pool and spa, tennis courts and landscaped courtyards. ● Brian remained in contact with the Seller for two years on a backup offer while the property was in contract with another Buyer before the deal was cancelled and our back up offer was accepted. Brian Resendez, CCIM brian.resendez@svn.com 503.577.7710 Joseph Aiston joseph.aiston@svn.com 971.282.2031 SVN | BLUESTONE
- 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 OFFICE | 130, 134 W NEW CIRCLE ROAD | LEXINGTON, KY $6,000,000 67,700SF $89 ● The property was losing nearly $40,000 per month, and the Seller patiently waited for the City of Lexington's offer, which was $1M higher than the first offer received by another buyer. ● Former office/warehouse headquarters space will now be used for the Division of Water Quality department of LFUCG ● Shared value for LFUCG and the city of Lexington as they will be occupying and maintaining a property with limited possible current uses Nathan Dilly nathan.dilly@svn.com 859.420.5492 Neal Metcalfe neal.metcalfe@svn.com 859.312.8069 SVN | STONE COMMERCIAL REAL ESTATE
- 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. Lease Value Lease Terms Size PROPERTY DETAILS TRANSACTION HIGHLIGHTS INDUSTRIAL LEASE | 1418 ANTIOCH PK, STE 219 | ANTIOCH, TN $2,647,260 10 years 18,000 SF ● Prairie Farms Dairy Inc. is one of the largest dairy product companies in the US with over 44 manufacturing plants and 100 distribution facilities ● Property Additions: 400 amp power being brought to site to support a 70+ foot refrigerator and four additional dock doors to handle more distribution ● Property is just 15 minutes south of downtown Nashville for daily distribution of products Mat Graves mathew.graves@svn.com 909.633.4818 SVN | ACCEL COMMERCIAL REAL ESTATE
- 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/Acre PROPERTY DETAILS TRANSACTION HIGHLIGHTS LAND | 1001 EAST PRINCETON DRIVE | PRINCETON, TX $1,925,000 2 acres $962,500 ● Ideally positioned on Princeton's major thoroughfare, Highway 380, with over 370' in frontage ● Situated in front of the newly constructed apartments and across from Princeton's two high school campuses ● Site plans were included in the sale and land is permit ready with the city, providing the buyer with the flexibility to begin development immediately if desired Courtney Stanford, CCIM courtney.stanford@svn.com 972.998.2361 SVN | DUNN COMMERCIAL
- 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 LAND | 628 BAUGH DRIVE | FRONT ROYAL, VA $1,742,000 23.4 acres $74,444 ● Property required SUP for Construction Equipment Storage, within Business Park ● Transaction took 5 months to close ● 3rd transaction with this purchaser ● Working on 4th now 5.19% Jim Guisewhite jim.guisewhite@svn.com 540.325.0573 SVN | COMMERCIAL SPECIALISTS
- 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 Cap PROPERTY DETAILS TRANSACTION HIGHLIGHTS RETAIL | 740 GRAND AVE | SAINT PAUL, MN $1,600,000 7,927 SF $202 ● ±7,927 SF building (GBA) with ±6,727 RSF of retail/office space on the bustling commercial corridor of Grand Avenue in Saint Paul ● Seven (7) parking spots in a lot directly behind the building ● Sold to a local group of investors that plan to lease out the previous owner's suite 5.19% Edward Rupp edward.rupp@svn.com 952.820.1634 Mark Battles mark.battles@svn.com 952.820.1633 SVN | NORTHCO
- 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 INDUSTRIAL | 301 E ST CHARLES RD | CAROL STREAM, IL $1,260,000 8,600 SF $147 ● 1 Acre Secure Lot in DuPage County ● 2,600 SF Office/Shop ● 5,000 SF covered parking ● Zoned 'by right' for Material, Vehicle, and Equipment Storage David Coupe david.coupe@svn.com 847.812.8414 SVN | CHICAGO COMMERCIAL
- 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 OFFICE | 161 PROSPEROUS PLACE | LEXINGTON, KY $1,250,000 10,200 SF $123 ● Buyer consolidating into one facility ● During escrow, SVN helped Buyer sell property in order to exchange into purchased property ● To accelerate occupancy, Buyer leased the property from the Seller during escrow period Wade Haga wade.haga@svn.com 859.285.2202 SVN | STONE COMMERCIAL REAL ESTATE
- 13. 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 LAND | OLD HIGHWAY 250 | CLAXTON, GA $1,200,000 459.89 $2,609 ● Low volatility, secure investment with future periodic timber sales ● Accessible location that provides travel convenience ● Excellent deer and duck habitat with endless hunting possibilities ● Well established road system and food plots Chap Shuman chapman.shuman@svn.com 912.661.3891 SVN | SAUNDERS RALSTON DANTZLER
- 14. F E A T U R E D INVENTORY W W W . S V N . C O M
- 15. 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 $531,810+ $20,927,000+
- 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 MARINA | 3034 S HIGHWAY A1A | MELBOURNE BEACH, FL $6,500,000 $195,000 2.18 acres ● Own and manage a 42-slip marina and luxury amenities within the esteemed Harbor Island Beach Club community ● Club Fees provide a secure income stream with lien rights, estimated to be $207,504 NNN ● Marina net operating income is anticipated to be $321,577 upon stabilization ● Combined NOI of $529,181 at stabilization with yield on cost estimated at 7.2% ● Visit: www.SVNMarinas.com for more information 7% David Kendall david.kendall@svn.com 561.723.8463 Mike Howell mike.howell@svn.com 617.270.4905 Sarah Delano sarah.delano@svn.com 703.309.3162 SVN | SAFE HAVEN ADVISORS $2,981,651
- 17. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size Price/SF PROPERTY DETAILS PROPERTY HIGHLIGHTS Cap OTHER | 1304 MCCALLIE AVE | CHATTANOOGA, TN $6,500,000 $180,000 21,378 SF ● 100% Occupied, Net-Leased Investment ● 4 great tenants on long-term leases with annual escalations ● Building was completely gutted and redeveloped between 2018-2022 ● Everything is "new" from utilities to HVAC to TPO roof and all tenant improvements ● Highly visible and convenient location with tons of parking! 9.10% $304 John Markley john.markley@svn.com 423.243.6348 SVN | SECOND STORY REAL ESTATE MANAGEMENT 6.23%
- 18. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee No. of Units Price/Unit Cap PROPERTY DETAILS All SVN® offices are independently owned and operated. © 2024 SVN International Corp. PROPERTY HIGHLIGHTS SFR PORTFOLIO | 29 UNIT PORTFOLIO | CLEVELAND, OH $2,325,000 2.5% 29 units ● Almost all units have been renovated/updated since 2021 ● 2 of the current vacancies are being renovated and will be delivered rent ready ● 18 of 19 properties are located with a 1.8 mile radius (6 min. drive) and all properties within 7 mile radius ● Professionally leased and managed 9.10% $80,172 Nichole Booker, PhD nichole.booker@svn.com 330.475.5500 Olivia Reichenbach olivia.reichenbach@svn.com 440.781.2811 SVN | SUMMIT COMMERCIAL REAL ESTATE ADVISORS
- 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 INDUSTRIAL | 404 WASHINGTON BOULEVARD | MUNDELEIN, IL $1,950,000 $48,750 31,600 SF ● 31,000 SF well-maintained industrial building on 2.4 AC lot featuring a large parking lot approved for outside storage and truck parking ● 21% office and the remainder warehouse with a loading dock, DID, and heavy power. ● Low Lake County Property Taxes, and located in 2nd largest municipality in Lake County ● 30 miles northwest of downtown Chicago and 20 miles north of O'Hare International Airport 7% Olivia Czyzynski olivia.czyzynski@svn.com 312.676.1862 Jennifer Hopkins jennifer.hopkins@svn.com 630.335.6285 Caitlin Crawford caitlin.crawford@svn.com 773.971.8317 SVN | CHICAGO COMMERCIAL $62
- 20. 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 | 613 AMHERST STREET | NASHUA, NH $1,350,000 $33,750 .78 acres ● Highly visible retail location ● Rare redevelopment opportunity ● Two parcels of land and two buildings ● Signalized 4-way intersection ● Located on busy RTE 101-A 7% Sean Coughlin sean.coughlin@svn.com 603.493.8581 SVN | MASIELLO GROUP $1,053,000
- 21. 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 | TRIPORT CIRCLE | GEORGETOWN, KY $1,252,000 $37,560 15.65 acres ● Utilities available to the site ● +1,500’ of linear frontage to I-75 ● +/- 2.8 miles to Toyota Motor Manufacturing of Kentucky ● One of the last remaining developable tracts in the Delaplain Industrial Park 7% John Bunch, SIOR john.bunch@svn.com 859.433.8911 Gabe Measner gabe.measner@svn.com 859.630.7106 SVN | STONE COMMERCIAL REAL ESTATE $80,000
- 22. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size Price/SF PROPERTY DETAILS PROPERTY HIGHLIGHTS Cap INDUSTRIAL | 1315 WEST 18TH STREET | ANDERSON, IN $1,050,000 $36,750 30,542 SF ● Outdoor Storage ● 3.05 Acres ● Fenced Lot ● 16' Overhead Door ● Loading Dock ● Opportunity for investor/end-user 7% Jess Lawhead, CCIM jess.lawhead@svn.com 317.454.2241 Zach Alfs zach.alfs@svn.com 317.292.6065 SVN | NORTHERN COMMERCIAL $34
- 23. 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 | 3321 BLOSSOM DRIVE | SALEM, OR Unpriced 2.5% 12,210 SF ● 31 doors for efficient loading and unloading of goods ● Proximity to major transportation routes, enhancing accessibility and logistical advantages ● Significant lot size, allowing for current operations and potential future growth ● Located in a prime industrial area, surrounded by businesses and amenities that cater to industrial need 9.10% 112,210 SF Ryan Imbrie ryan.imbrie@svn.com 503.208.9403 SVN | IMBRIE REALTY Curt Arthur, SIOR curt.arthur@svn.com 503.588.0400 SVN | COMMERCIAL ADVISORS
- 24. 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 INDUSTRIAL | 811 N 1ST ST | SILVERTON, OR $0.47/month (NNN) March 31, 2027 2.5% ● Sub-lease but owner will consider selling ● Only food processing facility available in OR over 25,000 SF ● Onsite sanitation facility 9.10% 115,860 SF Curt Arthur, SIOR curt.arthur@svn.com 503.588.0400 Nick Williams nick.williams@svn.com 503.588.0400 SVN | COMMERCIAL ADVISORS
- 25. 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 No events next week. See you in Miami! TUESDAY APRIL 9 SINGLE TENANT INVESTMENT PRODUCT COUNCIL MEETING 11:30 AM EST | 8:30 AM PT April 8-13, 2024 THURSDAY APRIL 11 LIGHTBOX - CRE TECH SOLUTIONS FOR SVN BROKERS 2:00 PM EST | 11:00 AM PT
- 26. F O R J O I N I N G U S T H A N K Y O U
- 27. 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.