SVN Live 9.21.20 Weekly Property Broadcast
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The document provides a summary of recent closed property deals and listings being marketed by SVN brokers across various property types and locations. It includes details of 7 closed transactions ranging from $1,050,000 to $4,025,000 for properties including land, retail, industrial, and multifamily. It also highlights 9 featured listings for sale between $2,150,000 to $16,137,700 including retail, land, industrial, and a single-family rental portfolio. The weekly newsletter provides brokers and clients with real estate investment opportunities across the United States.
SVN Live 9.21.20 Weekly Property Broadcast
- 1. WEEKLY PROPERTY BROADCAST September 21, 2020
- 2. CLOSED DEALS
- 3. Sale Price $ Size Price /Acre $ 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. LAND | 7711 THOMPSON SCHOOL ROAD | CORRYTON, TN SVN | Wood Properties DREW STATEN drew.staten@svn.com 865.659.7311 1,050,000 • ≈$24,000/acre • Prospective subdivision development 43.81 Acres 23,967
- 4. Sale Price $ Size Price /Acre $ 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. LAND | STONEGATE CIRCLE AND BROWNSTONE WAY | LOUDON, TN SVN | Wood Properties DREW STATEN drew.staten@svn.com 865.659.7311 4,025,000 • 34 existing duplex units • 52 platted lots with permits in place • Commercial parcel with highway frontage included in the sale • Investment and development opportunity • 7.7% cap rate on existing units 15 Acres 268,333
- 5. 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. RETAIL | 116 E MONROE ST | PENNVILLE, IN 1,302,425 9,026 SF 6.6% 144 SVN | Stewart Commercial Group, LLC DAN STEWART, CCIM dan.stewart@svn.com 734.649.5064 • Repeat 1031 buyer • 9th STNL Transaction with buyer • Developer Direct - brand new construction • 15-year absolute NNN lease
- 6. 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. INDUSTRIAL | 2110 BLOUNT ROAD | POMPANO BEACH, FL SVN | Commercial Realty LES BYRON, SIOR, CCIM les@svncr.com 954.401.4713 KEITH KIDWELL, SIOR, CCIM keith@svncr.com 954.234.8777 STEVEN DAVIS steve@svncr.com 954.650.7824 1,650,000 • Multiple offers - two buyers ended up offering full price • Winning buyer offered seller a rent free 60 day leaseback • We have been working with the buyer for over 20 years searching for the right property 9,980 SF 165
- 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. INDUSTRIAL | 3016 AVENUE E EAST | ARLINGTON, TX 1,875,000 35,000 SF 6.50% 54 SVN | Trinity Advisors JAMES BLAKE, CCIM james.blake@svn.com 817.288.5508 • Under contract 3 times since December 2019 • 14 offers • Industrial market in DFW extremely strong
- 8. 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. INDUSTRIAL | 3750 AIRPORT COMMERCE PARK | LAKELAND, FL SVN | Saunders Ralston Dantzler DAVID HUNGERFORD, CCIM david.hungerford@svn.com 863.660.3138 GARY RALSTON, CCIM, SIOR, CRE, CPM, CRRP, FRICS gary.ralston@svn.com 863.738.2246 2,283,840 • The property consists of 2 buildings (North building still available for sale/lease) • Close proximity to Lakeland Linder Airport, and recently built Amazon Air Cargo Hub 19,032 SF 120
- 9. Sale Price $ No. of Units Price /Unit $ 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. MULTIFAMILY | 320 - 330 W MEDLOCK DR | PHOENIX, ARIZONA 3,975,000 20 5.3% 198,750 SVN | Desert Commercial Advisors DANNY LEE danny.lee@svn.com 480.425.5522 JUSTIN HORWITZ justin.horwitz@svn.com 480.425.5518 PAUL BORGESEN paul.borgesen@svn.com 480.425.5516 • Out-of-state investor, 1031 investment • Buyer plans to do moderate upgrades • Conventional financing with regional lender • Buyer was quick to submit offer immediately
- 10. Sale Price $ Size Price /Acre $ 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. LAND | 111 OXFORD RD | BALL GROUND, GA SVN | Lotus ASHLEY BLOOM ashley.bloom@svn.com 941.961.7109 RON ZEIGLER ron.zeigler@svn.com 941.350.9636 4,000,000 • 118 lots in the Tate Reserve subdivision • Pickens County, Georgia • Sold to a National Home builder relationship • 72 days from contract to close • Referred national relationship 304 Acres 13,158
- 12. www.svn.com PAGE | FEATURED INVENTORY: $16,137,700 BUY-SIDE COMMISSION: $345,377 FEATURED INVENTORY FINANCIAL SUMMARY
- 13. Price $ Buy Side Fee $ Size Price /SF $ 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. RETAIL | 185 S STATE ST | OREM, UT 64,500 8,234 SF 261 • 54,000 + VPD • 2 miles from University Mall • KeyBank is national tenant with locations in 15 states • Within 5 miles of BYU, just 2 miles from UVU • Two other tenants in smaller spaces SVN | Alta Commercial RYAN EDWARDS ryan.edwards@svn.com 801.658.4482 HAYDEN HOUSTON hayden.houston@svn.com 801.508.2881 5.02% 2,150,000
- 14. 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. LAND | O SOSCOL FERRY ROAD | NAPA, CA SVN | Delta Group Realty, Inc. LYNSEY KAYSER CalDRE #01990180 lynsey.kayser@svn.com 415.531.0734 JOHN WILLIAMS CalDRE #00777607 john.williams@svn.com 415.897.4422 3,100,000 • Buildable land • Close to wineries, hotels and golf courses • Could be self-storage • Less than 2 miles to Napa County Airport 93,000 5.16 Acres $ 600,775
- 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. BUILDING | 1431 W LAKE ST | CHICAGO, IL 3,950,000 118,500 0.20 Acres 19,750,000 • Highly desirable West Loop location • Situated between two newly approved high-density residential developments • 2 blocks from Ashland CTA Station • Easily suited for boutique office conversion • Loft building with high ceilings and spacious mezzanine area SVN | Chicago Commercial MARCUS COOK marcus.cook@svn.com 312.676.1863 MARCUS SULLIVAN msullivan@svn.com 312.756.7357 SCOTT MAESEL scott.maesel@svn.com 312.676.1860
- 16. Price $ Buy Side Fee No. of Units Price /Unit $ 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| 50 PHOENIX SFR DYNAMIC PORTFOLIO | PHOENIX, AZ 6,937,700 $ 69,377 25 277,508 • This is a dynamic portfolio where the selection of homes available changes on a regular basis. For more information on this portfolio, visit www.SFRhub.com and search for Portfolio 50 • Cherry-pickable and customizable portfolio to create highest yields • Recently renovated properties • Properties located throughout the valley in cities such as Avondale, Chandler, Gilbert, Glendale, Maricopa, Mesa, Peoria, Phoenix, Queen Creek, San Tan Valley, Scottsdale, Surprise, Tempe SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 5.05%
- 17. www.svn.com PAGE | September 21st-27th, 2020 EVENTS & WEBINARS TUESDAY SEPTEMBER 22 Self-Storage Product Council Meeting 8:30am PT | 11:30am ET TUESDAY SEPTEMBER 22 SFR Product Council Meeting 11:00am PT | 2:00pm ET WEDNESDAY SEPTEMBER 23 Property Management Product Council Meeting 9:00am PT | 12:00am ET THURSDAY SEPTEMBER 24 Multifamily Council Meeting 9:00am PT | 12:00am ET THURSDAY SEPTEMBER 24 Land Council Meeting 11:00am PT | 2:000m ET THURSDAY SEPTEMBER 24 SVN Masterminds 10:00am PT | 1:000m ET
- 18. 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
- #4: Approved 9.14 Closing
- #5: Approved 9.9 Closing
- #6: Approved 9.16 Closing
- #7: Approved 9.16 Closing
- #8: Approved 9.15 Closing
- #9: Approved 9.16 Closing
- #10: Approved 9.17 Closing
- #11: Approved 9.15 Closing
- #14: Approved Listing 9.16 Ryan Edwards presenting
- #15: Approved Listing 9.17 Lynsey Kayser presenting
- #16: Approved Listing 9.17 Marcus Cook presenting
- #17: Approved Listing 9.15 Bill Radke will be presenting