SVN Live 5.13.24 Weekly Property Broadcast
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The document provides an economic update indicating that home prices have surged during the pandemic, leading to increased rent growth in several U.S. markets, with McAllen, TX, Charlotte, NC, Durham, NC, Raleigh, NC, and Seattle, WA highlighted as top opportunities. It details various closed transactions across different property types, including industrial, retail, and land, with sales prices and property specifics listed. The document concludes with information about upcoming events and a disclaimer regarding the reliability of the provided information.
SVN Live 5.13.24 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 May 13, 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 a recent Chandan Economics analysis of Zillow data, as a home price rally during the pandemic spurred massive rent growth across the nation, some markets have seen home prices grow more quickly than rents. The gap suggests several of these rental markets have room for growth in the years ahead. ● McAllen, TX; Charlotte, NC; Durham, NC; Raleigh, NC; and Seattle, WA were identified as the top five metros for rent growth opportunities. Each metro has experienced a 20% or more difference between the growth rates of its home values and observed rents over the past four years. ● Since 1985, rents and home prices across the 100 largest US metros have had a 96% correlation. Five Markets Where Rents Have Room to Grow
- 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/Acre PROPERTY DETAILS TRANSACTION HIGHLIGHTS LAND | 130 MARCIA GROVE RD | LAKE PLACID, FL $3,250,000 323.701 acres ● 109 acres of grove ● 5,259 feet of frontage on SR70 ● Managers home and shop ● Two 10' wells with John Deere diesel engines $10,040 Daniel Lanier daniel.lanier@svn.com 863.698.2971 SVN | SAUNDERS RALSTON DANTZLER
- 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 Cap PROPERTY DETAILS TRANSACTION HIGHLIGHTS RETAIL | 2734 W 111TH ST | CHICAGO, IL $2,440,000 17,921 SF ● Local Investor ● Desirable south side Chicago neighborhood ● High cap rate for market $136 Derek Gonsch derek.gonsch@svn.com 312.676.1864 José Colón jose.colon@svn.com 312.675.4334 SVN | CHICAGO COMMERCIAL 10.37%
- 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 Size Price/SF Cap PROPERTY DETAILS TRANSACTION HIGHLIGHTS SINGLE TENANT INVESTMENT | 7715 MENTOR AVE | MENTOR, OH $2,050,000 2,225 SF ● SVN Summit Represented Buyer (1031 Exchange) ● New Lease with 9 Years Remaining (No Early Term Rights) ● Rare Starbucks Lease Structure: NNN Lease with No Daily Management Responsibilities ● New 2022 Construction, Oversized 0.76-Acre Lot w/ Latest Starbucks “Prototype Look” ● Soon be Outlot to New Publicly Traded Grocery Store $921 Nichole Booker, PhD nichole.booker@svn.com 330.475.5500 Aaron Davis aaron.davis@svn.com 330.221.7297 SVN | SUMMIT COMMERCIAL REAL ESTATE ADVISORS 5.74%
- 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 INDUSTRIAL | 3910-3914 E MCDOWELL RD | PHOENIX, AZ $1,725,000 8,255 SF ● Prime location on E McDowell Rd, across from QTS Data Center ● High visibility with prominent signage ● Private car storage with ample security ● Extra suite available for additional tenant $209 Justin Horwitz, SIOR justin.horwitz@svn.com 480.425.5518 Richard Lewis richard.lewis@svn.com 480.425.5536 Aaron Gutierrez aaron.gutierrez@svn.com 480.4225.5517 Sean Alderman sean.alderman@svn.com 480.425.5520 SVN | DESERT COMMERCIAL ADVISORS
- 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/SF PROPERTY DETAILS TRANSACTION HIGHLIGHTS INDUSTRIAL | 9299 W OLIVE AVE #105-106 | PEORIA, AZ $1,275,000 6,210 SF ● Owner user transaction ● Buyer's first commercial transaction ● Historically low vacancy within complex $205 Jonathan Levy jonathan.levy@svn.com 480.425.5538 Elijah Stephens elijah.stevens@svn.com 480.425.5513 SVN | DESERT COMMERCIAL ADVISORS
- 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/Acre PROPERTY DETAILS TRANSACTION HIGHLIGHTS LAND | SOUTHEAST 768TH STREET | OLD TOWN, FL $1,120,000 320 acres ● 320-acre woodland tract with over 85 acres of planted pine and 235 acres of mature hardwoods ● Five minutes to the nearest public boat ramp on the Suwannee River ● 15 minutes to numerous state parks including Manatee Springs, Fanning Springs, and the 32-mile Nature Coast Equestrian and Bike Trail $3,500 John A. “Tony” Wallace, CF tony.wallace@svn.com 352.538.7356 SVN | SAUNDERS RALSTON DANTZLER 5.5%
- 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 No. Units Price/Unit Cap PROPERTY DETAILS TRANSACTION HIGHLIGHTS SFR PORTFOLIO | MEGAN COURT | BLOOMINGTON, IL $1,100,000 4 units ● Newly built, fully rented 4-property SFR portfolio ● Each home featured over 1400 SF and 3 beds/2.5 baths. plus unfinished basement ● Core 3's residential division retained the property management of the portfolio $275,000 Carrie Tinucci-Troll carrie.troll@svn.com 309.590.7900 Mark Fetzer, CPM mark.fetzer@svn.com 309.590.7900 SVN | CORE 3 5.5%
- 12. F E A T U R E D INVENTORY W W W . S V N . C O M
- 13. 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 $788,825 $25,295,000
- 14. 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 LAND | COUNTRY CLUB ROAD | WINTER HAVEN, FL $18,000,000 $540,000 71 acres ● Residential development ● PUD with up to 400 approved units ● Municipal utilities ● Outback Oasis amenity included $253,521 6.2% Todd Dantzler, CCIM todd.dantzler@svn.com 863.287.3586 SVN | SAUNDERS RALSTON DANTZLER
- 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 RETAIL | 380 N MAIN STREET | ALPHARETTA, GA $2,300,000 $46,000 5,100 SF ● Newly renovated for high-end Wellness Center ● Walking distance to downtown Alpharetta ● Two-buildings attached with walkway ● Seperate storage building 500 SF ● 17 parking spaces ● Seller will vacate with the right offer $451 6.2% Jaiden Dunham jaiden.dunham@svn.com 470.791.0734 Del Creviston del.creviston@svn.com 678.230.8541 SVN | CREVISTON REALTY
- 16. 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 | 3376 S FRASER ST (HWY 17 S) | GEORGETOWN, SC $1,900,000 $57,000 4.06 acres ● Georgetown SC MSA US Hwy 17 4 Acre Development Site ● 500 +/- feet from Pennyroyal Road signalized intersection ● Light Industrial Zoning ● 25 miles to Charleston County line ● 39 miles to Myrtle Beach International Airport (MYR) ● 60 miles to Charleston International Airport (CHS). ● Can be subdivided $467,980 6.2% Adam Hall adam.hall@svn.com 803.316.5040 SVN | PEACE & COMPANY Frank Efird Jr. frank.efird@svn.com 910.200.0037 SVN | EFIRD COMMERCIAL REAL ESTATE
- 17. 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 | 3941 COVERED BRIDGE | SMYRNA, GA $1,595,000 $55,825 10,400 SF ● 10,400 combined SF between 3 buildings ● 3 renovated units with private, fenced areas ● Playground and large outdoor space ● Across from Russell Elementary School ● Newly renovated in 2020 ● Zoned R-20 for retail or commercial use ● Located in the vibrant area of Smyrna ● Daycare approved for 180 children $153 6.2% Jacob Bower jacob.bower@svn.com 678.308.8742 SVN | CREVISTON REALTY
- 18. All SVN® offices are independently owned and operated. © 2024 SVN International Corp. Price Buy Side Fee Size Price/acre PROPERTY DETAILS PROPERTY HIGHLIGHTS LAND | S WILBUR WRIGHT ROAD | STRAUGHN, IN $1,500,000 $90,000 54.87 acres ● Prime location at I-70 and S Wilbur Wright Road Interchange ● Spacious lot for potential development ● Proximity to key transportation routes ● Zoned for versatile land use ● Ideal for commercial, recreational or agricultural purposes ● Potential for future appreciation ● Suitable for a variety of investment strategies $27,337 6.2% Jeff Hines jeff.hines@svn.com 317.709.6000 SVN | NORTHERN COMMERCIAL
- 19. 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! May 13-18, 2024 TUESDAY MAY 14 INSTITUTIONAL CAPITAL MARKETS PRODUCT COUNCIL MEETING 1:00 PM EST | 10:00 AM PT WEDNESDAY MAY 15 LEASING PRODUCT COUNCIL CALL 11:30 AM EST | 8:30 AM PT
- 20. F O R J O I N I N G U S T H A N K Y O U
- 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.