SVN Live 5.23.22 Weekly Property Broadcast
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The document provides economic updates highlighting employee sentiments about remote work, indicating that 80% prefer some home working flexibility, with increased turnover concerns among millennials and Gen-Z. It also showcases recent real estate transactions, including various retail and office leases across different states, with detailed financial terms, lease lengths, and notable tenant information. Additionally, it emphasizes SVN's commitment to its commission structure, guaranteeing 50% of gross commissions to the buy-side for qualified transactions.
SVN Live 5.23.22 Weekly Property Broadcast
- 3. www.SVN.com Economic Updates Provided by ○ A new survey by Ernst & Young dives underneath the “Great Resignation” surface to detail employees’ motivations and shifting sentiments. Workplace flexibility was of particular focus, with 80% of employees indicating a desire to work from home at least two days per week and just 20% indicating a hesitance towards fully remote working. ○ Notably, workers with shorter commutes are more open to working in the office. For employees with less than a 30- minute commute, roughly 40% are comfortable with a full return to the office. This drops to 25% for employees with a commute of more than 60 minutes. ○ 68% of employers say that turnover has increased in the past 12 months, while 43% of employees say they will likely leave their current employer within the next year — up from just 7% in the last year’s survey. Percentages are higher for Gen-Z and millennials compared to older generations. EY Work Reimagined Survey
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Lease Value Lease Terms Size ROBERT HAMMAN robert.hamman@svn.com 561.346.2310 SVN | Florida, Inc. $1,021,351 10 years 2,173 SF RETAIL | 128 BREAKWATER CT | JUPITER, FL ○ Salt Life is an authentic, aspirational and lifestyle brand that embraces those that love the ocean and everything associated with living the "Salt Life" ○ A division of Delta Apparel, Salt Life is opening their new location in Jupiter, at Harbourside Place ○ 2,173 SF of Retail on Main Street
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Lease Value Lease Terms Size ELIZABETH LEDER liz.leder@svn.com 720.840.3960 SVN | Denver Commercial $1,294,193 10 years 10,876 SF HEALTHCARE | 15100 ENTERPRISE CENTER COURT, SUITE 300 | CHANTILLY, VA ○ This is the first stabilization clinic for client in Virginia after first entering the VA market in 2020 ○ 10 year lease term with 3 months of rent abatement ○ Tenant has a termination clause if Tenant is not able to get the conditional use approved and must only pay LL a penalty for keeping the property off of the market, which the value was pre-negotiated ○ $35/sf in TI allowance
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap DREW ZAVALA drew.zavala@svn.com 949.354.6435 JUVE PINEDO juve@svn.com 714.348.6099 SVN | Vanguard $1,415,000 6,800 SF $208 INDUSTRIAL | 26868 ADAMS AVE | MURRIETA, CA ○ 11 day escrow ○ Listing to recording in 37 days ○ 5 ALL CASH offers ○ Sold OVER asking 4.49%
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Lease Value Lease Terms Size WALT ARNOLD walt.arnold@svn.com 505.269.9358 KELLY SCHMIDT kelly.schmidt@svn.com 505.417.1214 SVN | Walt Arnold Commercial Brokerage, Inc. $1,505,604 7 years 7,595 SF OFFICE | 6001 INDIAN SCHOOL RD NE | ALBUQUERQUE, NM ○ National Bank leased space for their operations ○ SVN cooperated with Newmark on this transaction ○ Located in Albuquerque's Uptown market ○ Tenant occupied 7,595 square feet
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap JON DAVIS jon.davis@svn.com 949.558.0302 SVN | Vanguard $2,199,000 976 SF 2,253 SF RETAIL | 3695 CENTRAL AVE | RIVERSIDE, CA ○ On market for 3 days and received multiple offers from investors ○ All cash buyer selected with a 5 day due diligence period ○ Escrow closed at full price 15 days after acceptance ○ New 10-year lease extension signed prior to marketing 4.10%
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Lease Value Lease Terms Size MAX STRAUS max.straus@svn.com 330.807.9854 GRAYDON FOX graydon.fox@svn.com 330.703.5283 SVN | Summit Commercial Real Estate Advisors, LLC $2,554,250 10 years 12,020 SF OFFICE | 1001 E LAKESIDE AVENUE | CLEVELAND, OH ○ SVN represented an Executive Suites Tenant developing a portfolio of Executive Suites sites in Cleveland ○ SVN negotiated turnkey delivery, no personal or corporate guarantees, and an allowance for FF&E on behalf of the tenant ○ This is the second downtown Cleveland location SVN has secured on behalf of this client
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap BRIAN HANEY brian.haney@svn.com 630.938.4950 JOEL MILLER joel.miller@svn.com 630.270.6949 SVN | Landmark Commercial Real Estate $3,450,000 37,876 SF $91 OFFICE | 501-517 THORNHILL DR | CAROL STREAM, IL ○ 16 condo medical and professional investment ○ Canadian buyer - first asset purchase in US ○ 95% occupancy, 58% dark ○ Seller financed 10.59%
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF NOLAN JULSETH- WHITE, CCIM nolan.jwhite@svn.com 702.527.7562 SVN | The Equity Group $4,025,000 16,746 SF $240 OFFICE | 2500 ANTHEM VILLAGE DRIVE | HENDERSON, NV ○ $240/SF mixed-use property ○ Turn-key office space on 2nd floor to be occupied by buyer ○ Sold 100% vacant ○ 1st floor to be leased to retail tenants
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap HAYDEN HARDER hayden.harder@svn.com 817.907.5689 SVN | Trinity Advisors $4,650,000 30,000 SF $155 MULTIFAMILY | 500-530 NORWOOD | ARLINGTON, TX ○ Buyer secured attractive owner financing terms ○ Former owner has held the asset for 20+ years ○ All rents are below market-creating tremendous value add potential ○ 25% of units are currently renovated 5% SCOTT HENDERSON scott.henderson@svn.com 214.808.4359 SVN | EVTRS
- 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. © 2022 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap KEVIN MATTHEWS kevin.matthews@svn.com 480.720.5103 TROY MEYER troy.meyer@svn.com 303.217.7008 SVN | Denver Commercial $6,100,000 17,844 SF $342 RETAIL | 5080-5096 N CENTRAL PARK BLVD | DENVER, CO ○ 100% occupied retail center with 4 tenants ○ Tremendous location in booming Central Park Neighborhood ○ Average household income over $166,000 within a 1-mile radius ○ Multiple offers - sold at the full asking price ○ Purchased by local 1031 buyer 6.43%
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Size Price/SF MULTIFAMILY | 14621 MCGREGOR BLVD | FORT MYERS, FL Subject to Offer 8,047 SF 12,200 SF ○ Extensive renovations | new kitchens, new baths, exterior design ○ Hybrid business flexibility of annual and short-term tenancy ○ Highly limited competition +/- 2.5 miles nearest hospitality ○ Amenities including on site laundry and swimming pool ○ Unit mix (10) 1 bedroom / 1 bathroom | (8) studio ○ Lot size: 56,025 sq ft SVN | Commercial Partners STEVEN PAULSEN steven.paulsen@svn.com 561.282.9299 JOHN ANDREWS john.andrews@svn.com 561.282.9298 MASON HIGHMAN mason.highman@svn.com 561.282.9297
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size SVN | Saunders Dantzler Ralston INDUSTRIAL | 1200 DR. MARTIN LUTHER KING JR. BLVD | PLANT CITY, FL ○ For Sale or Lease ○ Ceiling height: 17' and 32' ○ Deepwater well with a permit for 8,000,000 gallons per month ○ Power: 3-phase 2,000 amp ○ Active CSX rail-line with a spur ○ Fully customizable buildout AUGIE SCHMIDT augie@svn.com 863.409.2400 Unpriced 2% 187,973 SF
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF HEALTHCARE | 6909-6911 TARA| JONESBORO, GA $1,100,000 $38,500 12,000 SF ○ Two buildings ○ Prime location ○ 50% leased $92 SVN | Creviston Realty JEFF HAMMOND jhammond@svn.com 210.889.6819
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Cap SVN | Wilson Commercial Group SELF STORAGE | 1301 PERCIVAL RD | COLUMBIA, SC $1,200,000 $24,000 0.84 acres ○ Over 60,000 VPD drive by traffic ○ Just under 50,000 people in a 3 mile radius ○ 2-sided highway billboard sign included ○ Paved and fenced with automated gates ○ Just steps away from Interstate 77 ○ Close to University of South Carolina and Fort Jackson, the US Army's largest basic training center 6% KRISTEN ASMAN kristen.asman@svn.com 614.370.9077 SVN | Commercial Advisory Group KAREN ZONDAG karen.zondag@svn.com 440.477.1061
- 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap SVN | Lord Partners MULTIFAMILY | 9408-9412 TENNYSON AVE | ST LOUIS, MO $1,378,000 $27,560 10,400 SF ○ A value-add opportunity that would allow a new owner to raise rents by approximately $150 ○ Local and out of town are investing in Overland due to the rent growth ○ Completed beautiful new decks and stairs just weeks ago ○ Tenants pay on time and take good care of their units ○ There is an unused shed that can be turned into a laundry facility that would bring in extra income $133 AVRAHAM KLEIN avraham.klein@svn.com 314.603.0920 KURT LORD kurt.lord@svn.com 314.960.5258 6.12%
- 22. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre SVN | Traditions LAND | 881 ROCK STREET | NEW BRAUNFELS, TX $1,934,064 $58,022 3.7 acres ○ Centrally-located, within minutes of Gruene, Downtown New Braunfels and the H-E-B at SH 46 ○ In the shadow of the 2,400-acre Veramendi Master-Planned Development ○ Fronts Loop 337/SH 46 and Rock Street ○ Favorable shape, physically offering a multitude of development opportunities ○ Additional land could be available $522,720 TRAVIS TAYLOR, MAI, CCIM travis.taylor@svn.com 210.391.4514 STEVE RODGERS, CPM, CCIM steve.rodgers@svn.com 830.500.3787
- 23. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF RESTAURANT | 131 N 3RD SREET | BARDSTOWN, KY $2,500,000 $75,000 4,050 SF ○ Property has been fully repurposed and is full of money-making revenue generators ○ Full service, 16-seat granite bar featuring 6 beer taps and an impressive array of the finest bourbons in the world ○ Above the world-class steakhouse, are two very profitable and convenient AirBnBs where tourists constantly stay for various events ○ Property and Business can be sold separately $617 SVN | Menish Commercial Real Estate JONATHAN LAISE jonathan.laise@svn.com 502.475.9635 BILL MENISH bill.menish@svn.com 502.939.0399 NATHAN MOSLEY nathan.mosley@svn.com 502.550.1194
- 24. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre SVN | Chicago Commercial LAND | 3940 W 119TH STREET | ALSIP, IL $2,890,000 $79,475 1.11 acres ○ Unique hard corner 5-lot package ○ Located in the Alsip industrial corridor ○ Zoned for drive-in retail or industrial development $2,603,604 LESLIE KARR leslie.karr@svn.com 312.529.5792 LORILE HERLIHY lherlihy@svn.com 312.529.5794
- 25. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre SVN | Chicago Commercial LAND | 2350 W HIGGINS ROAD - LOT 8 | HOFFMAN ESTATES, IL $4,600,000 $138,000 7.24 acres ○ 7.24 acre pad ready land with all utilities to site and existing parking field of approx. 275 spaces ○ Zoned B2 - commercial, many possible uses include multifamily ○ Targeted for 300 multifamily units by current village master plan ○ Adjacent to 100,000 SF Barrington Square Town Center & several large office parks 30,000 CPD vehicle count ○ Across from 318 bed/2700 employee Amita Health St. Alexius Medical Center campus ○ Additional pad site of 52,905 SF also available $635,359 WAYNE CAPLAN wayne.caplan@svn.com 312.529.5791 ALBERT LINDEMAN lindemana@svn.com 312.756.7352
- 26. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap SVN | First Place Commercial Realty, LLC $5,450,000 $109,000 42,677 SF ○ NNN leased till Nov 30, 2026, w/ 2, 5-year options, with annual CPI escalations ○ Perfect 1031 Exch; minimal LL responsibilities ○ Offered at substantially below replacement cost ○ MISSION CRITICAL to the business segment they serve ○ Tenant in business since 1945 ○ Located within 20 minutes of downtown, 3 airports, University Circle ○ Access to highways unparalleled being served by 3 Interstates $128 VICTOR VOINOVICH voinovichv@svn.com 888.236.1435 9.2% OTHER | 4450 CRANWOOD PARKWAY | WARRENSVILLE HEIGHTS, OH
- 27. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Cap MARINA | 106 W BRANNAN ISLAND ROAD | ISLETON, CA $6,750,000 $168,750 10.16 acres ○ Call for Offers deadline is Wednesday, June 1st ○ Riverboat Marina is located in Northern CA on the Sacramento-San Joaquin River Delta ○ For 2021 the business reported $1.4mm in Gross Sales and $499,000 in EBITDA ○ 50% of revenue is passive income ○ Includes Moore's Riverboat Restaurant, a fully leased high volume restaurant accessible by water ○ Visit www.SVNMarinas.com for more information SVN | True Real Estate Partners MICHAEL COHEN CalDRE #02036229 michael.cohen@svn.com 415.717.9352 7.5% +/- SVN | Florida Commercial Real Estate Partners DAVID KENDALL david.kendall@svn.com 561.723.8463 SVN | Safe Haven Advisors MIKE HOWELL mike.howell@svn.com 617.270.4905
- 28. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre GARDEN CENTER & WHOLESALE NURSERY | 3601 STOCKYARD ROAD | EDEN, MD $8,000,000 $200,000 50.96 acres ○ 50+ acres - 3,700’ highway exposure ○ Turnkey business with over $6,700,000 in gross sales in 2021 ○ In business for over 30 years - improved sales every year ○ 50 greenhouses ○ Adjacent 100 acres available $156,986 SVN | Miller Commercial Real Estate HENRY HANNA, CCIM, SIOR henry.hanna@svn.com 410.543.2440 FLO BROTZMAN flo.brotzman@svn.com 410.543.2440 WESLEY COX, CCIM wesley.cox@svn.com 410.543.2440
- 29. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF GOLF & RESORTS | 2235 ROUTE 327 NORD | GRENVILLE-SUR-LA-ROUGE, QUEBEC $17,000,000 $127,500 215 acres ○ Carling Lake Resort truly is an outstanding investment opportunity in one of Quebec's most beautiful regions ○ Located north of Montreal and one hour drive from Ottawa $79,070 SVN | Montreal Commercial Inc ANASTASIA ELTOVA anastasia.eltova@svn.com 514.922.2066
- 30. 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. © 2022 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF RETAIL | 7800 TASCHEREAU BLVD | BROSSARD, QUEBEC $28,500,000 $352,500 230,380 SF ○ Redevelopment opportunity ○ Close to downtown ○ 10 minutes away from train and future metro station $102 SVN | Montreal Commercial Inc ANASTASIA ELTOVA anastasia.eltova@svn.com 514.922.2066
- 31. www.SVN.com Events & Webinars THURSDAY MAY 26 Multifamily Council Meeting 9:00 AM PT | 12:00 PM ET THURSDAY MAY 26 Industrial Product Council 10:00 AM PT | 1:00 PM ET Date: May 23-28, 2022
- 32. THANK YOU for joining us!
- 33. 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.