SVN Live 8.03.20 Weekly Property Broadcast
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The document consists of a weekly property broadcast detailing various commercial real estate transactions, including sale prices, sizes, and highlights for properties across multiple categories such as medical, industrial, retail, and multifamily. Significant transactions include a medical office in Albuquerque sold for $1,000,000 and a multifamily property in Santa Ana sold for $3,340,000, providing insights into the competitive real estate market. The broadcast also features upcoming events and webinars alongside contact information for various SVN representatives.
SVN Live 8.03.20 Weekly Property Broadcast
- 1. WEEKLY PROPERTY BROADCAST August 3, 2020
- 2. CLOSED DEALS
- 3. Sale Price $ Size Price /SF $ Transaction HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Walt Arnold Commercial Brokerage, Inc. KELLY SCHMIDT, MICP kelly.schmidt@svn.com 505.503.2643 WALT ARNOLD, CCIM, SIOR walt.arnold@svn.com 505.256.1255 1,000,000 10,950 SF ● Multi-tenant medical or general office ● 3.28/1000 for parking; thirty parking spaces ● Three levels all accessible by elevator with security alarm codes ● Purchased by the charter school next-door; will repurpose the building OFFICE | 401 EDITH BLVD NE | ALBUQUERQUE, NM 91
- 4. Sale Price $ Size Price /SF $ Transaction HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Walt Arnold Commercial Brokerage, Inc. JOEL WHITE, MAI joel.white@svn.com 505.503.2634 HUNTER GREENE hunter.greene@svn.com 505.450.5612 CORINNA BROWN corinna.brown@svn.com 505.615.6859 2,420,000 34,062 SF ● 35% office 65% warehouse ● Sold to an out-of-state buyer ● Quality tilt up concrete construction ● Buyer will be owner occupant of part of the building ● Existing three tenants will remain in the building INDUSTRIAL | 4901 PASEO DEL NORTE NE | ALBUQUERQUE, NM 71
- 5. Sale Price $ Size Price /SF $ Transaction HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Denver Commercial JERRY CHILSON jerry.chilson@svn.com 970.691.5400 1,290,000 4,289 SF ● Third time handling sale of this building (2006, 2017, and 2019) ● Cash deal ● Multiple offers ● National Credit Buyer - Ent Credit Union RESTAURANT| 1281 MAIN STREET | WINDSOR, CO 301
- 6. Lease Value $ Size Price/SF/YR $ Lease Term Transaction HighlightsLease Details 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. © 2020 SVN International Corp. SVN | Landmark Commercial Real Estate NEIL JOHNSON neil.johnson@svn.com 630.938.4950 1,338,954 6,226 SF ● 10-year initial term with condo purchase option ● 9 days from Google inquiry to executed lease ● Adjacent suite from mo-mo tenant was added ● Executive-grade build-out; fully furnished ● Tenant wanted mostly private offices (re: COVID-19) OFFICE | 1750 E MAIN STREET #260-280 | ST CHARLES, IL 19.03 10 years
- 7. Sale Price $ Size Price /SF $ Cap Transaction HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Stone Commercial Real Estate MATT STONE, CCIM, SIOR, MBA matt.stone@svn.com 859.351.5444 WESTON LOCKHART weston.lockhart@svn.com 859.317.3538 2,710,663 4,863 SF ● SVN represented a repeat client that had the ability to perform quickly on a competitive offering ● Buyer was pleased to close on a high-profile tenant in a Class-A new development in Nashville ● Third deal in the last two years that SVN has represented this client RETAIL| LOT 10 BELLEVUE PLACE | NASHVILLE, TN 557 4.15%
- 8. Sale Price $ Size Price /SF $ Cap Transaction HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Vanguard SHARON BROWNING CalDRE #00854083 sharon.browning@svn.com 949.632.1488 3,340,000 10,800 SF ● Sold for 96% of list price at 4.2% cap rate ● COVID-19 caused loss of first buyer ● Occupancy changed during escrow period ● Second buyer had financing challenges ● Closed on the last day of Buyer exchange deadline MULTIFAMILY | 1114 N BEWLEY STREET | SANTA ANA, CA 309 4.20%
- 10. www.svn.com PAGE | FEATURED INVENTORY: $132,945,000 BUY-SIDE COMMISSION: $4,874,776 FEATURED INVENTORY FINANCIAL SUMMARY
- 11. Price Buy Side Fee Size Property HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Lotus ROB HENRY rob.henry@svn.com 352.631.4200 ASHLEY BLOOM ashley.bloom@svn.com 941.961.7109 CHRIS MALKIN chris.malkin@svn.com 941.350.0235 RON ZEIGLER ron.zeigler@svn.com 941.350.9636 Call For Offers ● Rarely available downtown city block in Sarasota, FL ● 284 lineal feet of Main Street frontage ● Flexible downtown core zoning ● High density residential by right and other uses do not count against density ● Located in a tax advantaged opportunity zone ● Destination city with booming development and numerous venues for the arts ● Immediate cash flow from 36,000 SF of existing office and retail buildings ● Strong comp & demographic data available ● 80+ parking spaces providing ample parking LAND | 1700 MAIN STREET | SARASOTA, FL 1.3 Acres 1.5%
- 12. Price $ Buy Side Fee $ Size Cap Property HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Lotus ASHLEY BLOOM ashley.bloom@svn.com 941.961.7109 MICHELLE MATSON michelle.matson@svn.com 781.929.6401 MARGEAUX MCCARTHY mvmccarty@svn.com 401.688.0822 3,995,000 ● Absolute NNN Ground Lease Structure ● Corporately guaranteed ● No landlord obligations ● Scheduled rent increases, 10% at options ● Heavily trafficked location - 38,500 cars daily to and from Lake Nona ● 1-Mile from Lake Nona - ""Medical City"", USTA Headquarters, Valencia College and UCF College of Medicine and U of Florida's Research and Academic Center ● Surrounded by the new residential communities of Lake Nona with over 15,000 residents and Eagle Creek Golf Community with 1,350+ residential units ● Average HH income of $103,854 and Average House Value of $374,410 RESTAURANT | 10201 NARCOOSSEE RD | ORLANDO, FL 5,054 SF 79,900 4.89%
- 13. Price $ Buy Side Fee $ No. of Units Cap Property HighlightsProperty Details 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. © 2020 SVN International Corp. MULTIFAMILY | 6525 SHORTCUT RD | MOSS POINT, MS SVN | Toomey Property Advisors STEVEN ROWE steven.rowe@svn.com 251.706.9022 JUSTIN TOOMEY justin.toomey@svn.com 251.680.3663 1,550,000 • Value-add C class portfolio • 70% occupied • 11% pro forma cap (upon stabilization) • Below market rent • $150,000.00 spent on capex in previous years • Minutes from Ingalls Shipyard and Chevron Oil Refinery 38,750 64 11% Price/Unit $24,219
- 14. Price $ Buy Side Fee $ Size Price /SF $ Property HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Commercial Advisory Group DAVID KINNARD david.kinnard@svn.com 813.417.2586 2,500,000 ● Medical office buildout ● Central location in Tampa Bay ● Easy access to highways ● Ample parking ● Beautiful office park OFFICE | 1218 MILLENNIUM PARKWAY | BRANDON, FL 13,060 SF 62,500 191
- 15. Price $ Buy Side Fee $ Size Price / Acre $ Property HighlightsProperty Details 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. © 2020 SVN International Corp. HOSPITALITY | 8690 W LYKES TRL | HOMOSASSA, FL SVN | Saunders Ralston Dantzler TYLER DAVIS tyler.davis@svn.com 205.441.8538 DEAN SAUNDERS dean@svn.com 863.287.8340 3,900,000 • 3 bedroom/3 bathroom, 3,744 SF home built in 1990 • 1,600 SF stand-alone conference center/yoga studio • 5 cottages/cabins that sleep 8 people each • Boathouse & greenhouse • Previously a world-renowned yoga retreat center • Multiple 55 ft deep, 2nd magnitude natural Florida springs on the property • Gulf access via the Chassahowitzka River 117,000 27.59 Acres 141,356
- 16. Price $ Buy Side Fee $ Size Price /SF $ Property HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Premier CRE & Auctions RON PREGLIASCO ron.pregliasco@svn.com 502.419.8186 3,500,000 ● Class A, clear span office building approximately 39,200 SF; absence of interior support columns allows for total flexibility in office layout and design; built in 2007 ● Building has state of the art technology, redundant power and high quality, professional finishes in the executive lobby, conference, rest and break rooms ● Conference room (20+ ppl) has built in cabinetry and is wired for AV presentations ● Also for lease ● High quality construction OFFICE | 669 CHAMBERLIN AVENUE | FRANKFORT, KY 70,000 39,200 SF 89
- 17. Price $ Buy Side Fee $ Size Price /SF $ Property HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Premier CRE & Auctions RON PREGLIASCO ron.pregliasco@svn.com 502.419.8186 4,500,000 ● Modern two story, elevator served, brick office building constructed in 2002 for the Kentucky Department of Labor per the tenant's design; perfectly maintained property with Class A interior finishes ● Also for lease ● Shows like a new structure; constructed to government standards but with enhanced finishes ● Located in prestigious Prevention Park ● Only modern office park In state capital ● High quality construction ● Owner/user ● Perfect corporate headquarters OFFICE | 657 CHAMBERLIN AVENUE | FRANKFORT, KY 90,000 50,000 SF 90
- 18. Price $ Buy Side Fee $ Size Price /SF $ Property HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Chicago Commercial MARCUS SULLIVAN msullivan@svn.com 312.756.7357 JIM MARTIN jmartin@svn.com 312.756.7356 2,050,000 ● Established neighborhood concept ● Two fully rehabbed residential units ● Corner location ● Large outdoor component MIXED-USE | 3937 N LINCOLN AVENUE | CHICAGO, IL 4,863 SF 41,000 422
- 19. Price $ Buy Side Fee $ Size Cap Property HighlightsProperty Details 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. © 2020 SVN International Corp. OFFICE | 8303 W HIGGINS ROAD | CHICAGO, IL SVN | Chicago Commercial JOHN JOYCE, CCIM john.joyce@svn.com 847.233.1178 JOHNNY JOYCE jmjoyce@svn.com 847.233.1179 8,500,000 • $3,000,000 in renovations completed in 2010 • Opportunity for building signage with visibility on I-90; 199,500 VPD count on I-90 • High image office finishes • 112 total parking spaces with 31 underground • State of the art building cafeteria • Wifi and key card access throughout the building • Motion sensor lighting throughout • Outdoor picnic areas • 300 square foot recording studio • Vault/safe 170,000 44,755 SF 8.5%
- 20. Price $ Buy Side Fee $ Size Cap Property HighlightsProperty Details 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. © 2020 SVN International Corp. SVN | Denver Commercial PAUL DIBONA paul.dibona@svn.com 720.477.3969 12,450,000 ● Class A office condominium asset, 100% occupied ● Future value-add possible with residential conversion ● No deferred maintenance; property in excellent condition ● $639,000 in NOI with strong tenancy, including a Fortune 500 Company ● Iconic, well known building in prime location OFFICE | 1011 WALNUT STREET - UNITS 200, 300, 400 | BOULDER, CO 20,554 SF 155,626 5.14%
- 21. Price $ Buy Side Fee $ No. of Units Cap Property HighlightsProperty Details 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. © 2020 SVN International Corp. SFR PORTFOLIO | 200 RESORT CONDOS BFR PORTFOLIO| ORLANDO, FL SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | Florida Commercial Real Estate Advisors JERRY ANDERSON, CCIM jerry.anderson@svn.com 386.547.4968 90,000,000 • For more info visit www.SFRhub.com and search for portfolio 100423 • Class A qualifying 1031 replacement property today & ready for immediate close • Stress-free, Hassle-free property ownership with professional turnkey rental program • Purchase as few as 5 or as much as 200 homes • Solid 6% projected returns based on conservative ADR estimates (STR Reports) for Orlando resorts • Guaranteed 10% Developer Leaseback though Dec. 2020 4,050,000 200 5.75%-6.50%
- 22. www.svn.com PAGE | August 3rd- August 9th, 2020 EVENTS & WEBINARS MONDAY AUGUST 3 Hospitality Council Meeting 11:00am PT | 2:00pm ET
- 23. www.svn.com PAGE | 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. Thank You For Joining Us!
Editor's Notes
- #2: SP: I just made all comments!
- #4: Closing. Approved 7.30
- #5: Closing. Approved 7.30
- #6: Closing. Approved 7.29
- #7: Approved 7.30
- #8: Closing. Approved 7.29
- #9: Closing. Approved 7.30
- #12: Approved 7.30 Rob presenting?
- #13: Approved 7.30 Michelle Matson presenting
- #14: Approved 7.28 Steven Rowe presenting
- #15: Approved 7.30 David Kinnard presenting
- #16: Approved 7.15 Tyler Davis presenting?
- #17: Approved 7.30 Presenter Ron Pregliasco
- #18: Approved 7.30 Presenter Ron Pregliasco
- #19: Approved 7.30 Marcus Sullivan presenter
- #20: Approved 7.30 John Joyce presenter
- #21: Approved 7.29 Presenter: Paul Dibona
- #22: Approved 7.29 Presenter: Bill Radke