SVN Live 02.08.21 Weekly Property Broadcast
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This weekly property broadcast from SVN includes: - Welcome messages for new SVN franchises and advisors located across the US. - Economic updates on Q4 GDP growth, personal consumption expenditures, and residential investment from the Bureau of Economic Analysis. - Details of several closed commercial property deals brokered by SVN offices, including land, industrial, retail, office, and multi-family properties across the US. - Information and financial details on featured inventory properties for sale, such as offices, industrial buildings, and mixed-use properties in several states.
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SVN Live 02.08.21 Weekly Property Broadcast
- 1. WEEKLY PROPERTY BROADCAST February 8th, 2021
- 2. www.svn.com PAGE | WELCOME NEW SVN FRANCHISES SVN Franchise Location SVN | True Real Estate Partners Santa Rosa, California Managing Director: Alex Provost
- 3. www.svn.com PAGE | WELCOME NEW SVN ADVISORS Advisor SVN Franchise & Location Altaf Akbar SVN | AVR Commercial Real Estate Services, Houston, Texas Mark McClanahan SVN | BlackStream, Charlotte, North Carolina Roger Clinkscales SVN | BlackStream, Greenville, South Carolina Sean V. Dinh SVN | Capital West Partners, San Jose, California Brian Duggan SVN | Commercial Partners, Boca Raton, Florida Maryanne Hardeman SVN | Denver Commercial, Denver, Colorado Aaron Thompson SVN | Hintze Commercial Real Estate, West Allis, Wisconsin Brianna LaMonte SVN | Hintze Commercial Real Estate, West Allis, Wisconsin
- 4. www.svn.com PAGE | WELCOME NEW SVN ADVISORS Advisor SVN Franchise & Location Robert T. "Boe" Clark SVN | Southern Commercial Real Estate, LLC, Rock Hill, South Carolina Ryan Stoehrer SVN | Stora Realty, New York, New York Bedford Jackson SVN | The Equity Group, Las Vegas, Nevada Ralph Malmros SVN | The Equity Group, Las Vegas, Nevada Nathan Pazsint SVN | Three Rivers Commercial Advisors, Pittsburgh, Pennsylvania Karen Michele Reyna SVN | Walt Arnold Commercial Brokerage, Inc., Albuquerque, New Mexico Myhisha Webb SVN | Walt Arnold Commercial Brokerage, Inc., Albuquerque, New Mexico
- 6. www.svn.com PAGE | GDP â According to the Bureau of Economic Analysisâ advance estimate, fourth quarter GDP grew at a seasonally and inflation-adjusted annual rate of 4.0% from the previous quarter. Despite a slowdown in improvement after the Summerâs initial snapback, Q4âs reading indicates that the economy continued to expand and made progress towards recovery through the holiday season, albeit at a slower rate. â For the year, total real gross domestic product, the value of all final sale goods produced by the US economy, totaled $18.4T (measured in 2012 dollars), falling 3.5% from 2019. â Real personal consumption expenditures, the single largest GDP component, grew at a seasonally adjusted 2.5% in Q4. Residential investment, a sub-category of private domestic investment, continued on its tear in the fourth quarter. After growing at a seasonally adjusted annual rate of 63.0% in Q3, it remained elevated at 33.5% to close out the year in Q4. ECONOMIC UPDATES PROVIDED BY
- 7. CLOSED DEALS
- 8. Sale Price $ Size Price /Acre $ Transaction Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. LAND | KOBLEGARD RD | MELBOURNE, FL SVN | Saunders Ralston Dantzler JEFF CUSSON jeff.cusson@svn.com 772.473.8497 1,150,000 ⢠Former citrus grove that has been cleared and fenced for cattle ⢠Easily accessible east of I-95 on Koblegard Rd in St. Lucie County ⢠Zoning allows up to one unit per acre ⢠The property benefits from 100% uplands and native grasses 153.36 Acres 7,499
- 9. Sale Price $ Size Price /SF $ Cap Transaction Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. SINGLE TENANT INVESTMENT | 450 S MARKET ST | MEMPHIS, MO SVN | The Hurst Company, LLC RICHARD HURST, CCIM rick.hurst@svn.com 913.538.5568 1,172,500 ⢠Exceptional store sales ⢠Absolute NNN ⢠Limited competition ⢠Had to work through maintenance issues that tenant neglected 12,450 SF 94 8%
- 10. Sale Price $ Size Price /SF $ Cap Transaction Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. RETAIL | 5120 BATTLEFIELD MEMORIAL HIGHWAY | BEREA, KY SVN | Stone Commercial Real Estate NATHAN DILLY nathan.dilly@svn.com 859.420.5492 1,312,000 ⢠Off-market property sold nearly $50,000 over asking price ⢠1031 Exchange buyer out of New York ⢠Rural location sold at a 6.1% cap rate 9,100 SF 144 6.1%
- 11. Sale Price $ Size Price /SF $ Transaction Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. OFFICE | 1240 W GRANADA BLVD | ORMOND BEACH, FL SVN | Alliance Commercial Real Estate Advisors CARL LENTZ IV, MBA, CCIM carl.lentz@svn.com 386.566.3726 1,400,000 ⢠8,820 SF with 3 drive thru lanes 8,820 SF 159
- 12. Sale Price $ Size Price /Acre $ Transaction Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. LAND | 13232 NEW HOLLAND | HOLLAND, MI SVN | Investment Property Advisors DAVID DE MAAGD, CPA, MBA david.demaagd@svn.com 616.399.3955 1,450,000 ⢠Seller-longtime client ⢠Century farm in an estate ⢠On market for years ⢠Recent multiple bidders ⢠Closed all cash in 45 days 60 Acres 24,167
- 13. Sale Price $ Size Price /SF $ Cap Transaction Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. RETAIL | 50 MAKENA DRIVE | SOMERSET, KY SVN | Stone Commercial Real Estate NATHAN DILLY nathan.dilly@svn.com 859.420.5492 1,560,000 ⢠California 1031 Exchange Buyer ⢠Sold at a 6% cap rate with 8+ years remaining on the lease ⢠Sold at market cap rate despite COVID-19 restrictions on restaurants 4,500 SF 347 6%
- 14. Sale Price $ Size Price /SF $ Cap Transaction Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. MULTIFAMILY | 15 S PALMWAY | LAKE WORTH, FL SVN | Commercial Partners STEVEN PAULSEN steven.paulsen@svn.com 561.929.4098 JOHN ANDREWS john.andrews@svn.com 561.613.1403 LORENZO RUBIO lorenzo.rubio@svn.com 561.339.9717 2,050,000 ⢠5 cap sale with grossed up tax estimate ⢠A+ Location in growing submarket of West Palm Beach ⢠Multiple offer situation 9,557 SF 215 5%
- 15. Sale Price $ Size Price /SF $ Transaction Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. INDUSTRIAL | 8 RAILROAD AVE N | HAINES CITY, FL SVN | Saunders Ralston Dantzler GARY RALSTON, CCIM, SIOR, CRE, CPM, CRRP, FRICS gary.ralston@svn.com 863.877.2828 DAVID HUNGERFORD, CCIM david.hungerford@svn.com 863.272.7156 GARY HESTER gary.hester@svn.com 863.648.1528 DEAN SAUNDERS ALC, CCIM dean@svn.com 863.287.8340 3,100,000 ⢠Previously served as a citrus packing facility ⢠Facility includes coolers, a packaging facility, warehouse space, and offices ⢠Access to US Highway 92 and US Highway 27 ⢠Out-of-state buyer 175,564 SF 18
- 16. Sale Price $ Size Price /Acre $ Transaction Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. OTHER | 9954 HECKSCHER DRIVE | JACKSONVILLE, FL SVN | Commercial Partners DAVID KENDALL david.kendall@svn.com 561.723.8463 3,800,000 ⢠160 Slip Dry Stack Marina ⢠Under contract in 60 days with a year end close ⢠Sold for less than half of replacement cost ⢠Only dry stack marina in the area that can haul and store 42' boats ⢠SVN is continuing to work with the client to stabilize revenue streams ⢠Professional marina management in place 2.7 Acres 1,407,407
- 17. Sale Price $ Size Price /Acre $ Transaction Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. LAND | SR60 & 146TH AVENUE | VERO BEACH, FL SVN | Saunders Ralston Dantzler DEAN SAUNDERS ALC, CCIM dean@svn.com 863.287.8340 4,854,638 ⢠The property makes part of the Florida Agricultural Portfolio ⢠270 ¹ AC of improved and leveled farmland with traveling linear system ⢠359 ¹ AC of actively managed citrus groves ⢠190.7 ¹ AC of net fallow lands in transition ⢠Grass Types: Bahia & native Florida grasses ⢠The Blue Cypress Conservation Area to the north provides some of the best duck hunting in the area 912.7 Acres 5,319
- 18. Sale Price $ Size Price /SF $ Cap Transaction Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. OFFICE | 2701 W PLANO PARKWAY | PLANO, TX SVN | Trinity Advisors STEVE FITHIAN, CCIM, CPM, SEC steve.fithian@svn.com 817.288.5524 TRINITY (TRENT) HERRERA trinity.herrera@svn.com 682.704.8789 15,500,000 ⢠100% occupied by multiple national credit tenants ⢠Under contract and closed during COVID-19 pandemic ⢠The sale completed a successful syndication organized by Fithian in 2015 ⢠Managed and leased by SVN Trinity Advisors since 2015 113,299 SF 137 7.66%
- 19. Sale Price $ Size Price /Room $ Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. 8,000,000 99 Rooms 80,808 HOSPITALITY | 0 ATLANTIC AVE | DAYTONA BEACH, FL SVN | Alliance Commercial Real Estate Advisors TIM DAVIS, CCIM tim.davis@svn.com 386.310.7900 ⢠Interior corridor ⢠Direct oceanfront ⢠Lack of available financing required a cash buyer ⢠List to close in 90 days
- 21. www.svn.com PAGE | FEATURED INVENTORY: $49,898,500 BUY-SIDE COMMISSION: $1,346,890 FEATURED INVENTORY FINANCIAL SUMMARY
- 22. Price Buy Side Fee Size Cap Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. OFFICE | 3240 RICHARDSON ROAD | RICHLAND, WA SVN | Retter & Company ROB ELLSWORTH, CCIM rob.ellsworth@svn.com 509.430.2378 4,950,000 ⢠100% occupied ⢠New 10 year lease in place ⢠River frontage ⢠Located in research & development district ⢠Proxy card access 21,230 SF 8.2% 3%
- 23. Price $ Buy Side Fee $ Size Price /SF $ Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. INDUSTRIAL | 16975 WESTVIEW AVE | SOUTH HOLLAND, IL SVN | Chicago Commercial BEVERLY HAYES beverly.hayes@svn.com 312.756.7330 1,399,000 ⢠First time on market, well maintained by original owners ⢠Built in 1976 ⢠Additional 20,000 SF warehouse added in 1983 ⢠New roof (2017) ⢠Stand alone owner/user property 41,970 53,000 SF 26
- 24. Price $ Buy Side Fee $ Size Price /SF $ Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. INDUSTRIAL | 751 ENTERPRISE DRIVE | LEXINGTON, KY SVN | Stone Commercial Real Estate JOHN BUNCH john.bunch@svn.com 859.433.8911 1,475,000 ⢠1.70 acres ⢠Zoned I-1 ⢠1,733 of fully climate controlled office space ⢠High efficiency lighting ⢠Heavy power 480/3 phase ⢠New fire suppression system (wet) 44,250 17,800 SF 83
- 25. Price $ Buy Side Fee $ Size Price /SF $ Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. MIXED-USE | 1010 WEST LAKE STREET | CHICAGO, IL SVN | Chicago Commercial SCOTT MAESEL scott.maesel@svn.com 312.676.1860 DREW DILLON drew.dillon@svn.com 734.223.2315 1,599,000 ⢠Highly desirable mixed-used property in Fulton Market ⢠Located steps from the Morgan and Lake CTA stop ⢠Newer construction property with in-place income from retail storefront ⢠Owner-user / Live-work opportunity ⢠Live-work unit (2nd & 3rd Floor) will be delivered vacant at closing 47,970 4,900 SF 326
- 26. Price $ Buy Side Fee $ Size Price/Acre $ Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. LAND | LOTT ROAD | PENN HILLS, PA SVN | Three Rivers Commercial Advisors ANDREAS KAMOUYEROU andreas.kamouyerou@svn.com 724.825.0888 JESSE CORTEZ jesse.cortez@svn.com 412.848.2016 1,954,000 ⢠Zoned: R-5 Garden Apartments and B-2: Community Business District ⢠The City has confirmed re-zoning & reconfiguration is welcome ⢠Neighboring landowners very interest in an assemblage ⢠20 min drive time to Pittsburgh CBD ⢠Full Geotech report concluded that the site can be developed without any major site related issues 58,620 97.7 Acres 20,000
- 27. Price $ Buy Side Fee $ Size Price/Acre $ Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. LAND | STATE ROAD 77 | SOUTHPORT, FL SVN | Saunders Ralston Dantzler BRYANT PEACE bryant.peace@svn.com 229.726.9088 CLAY TAYLOR clay.taylor@svn.com 863.224.0835 2,240,000 ⢠Approved for 4 units per gross acre ⢠Proximate to Bay Walton Sector Plan ⢠Margaritaville development close by ⢠18 miles from international airport 67,200 640 Acres 3,500
- 28. Price $ Buy Side Fee No. of Units Price /Unit $ Cap Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. SFR PORTFOLIO | 60 HOME MULTI-MSA SFR INVESTMENT PORTFOLIO | NC, SC, GA SVN | SFRhub Advisors JEFF CLINE jeffrey.cline@svn.com 602.441.5354 MICHAEL FINCH michael.finch@svn.com 480.797.9825 SVN | Interstate Brokers JOHN JOHNSON, CCIM, ALC johnsonj@svn.com 404.303.1232 ⢠For more information, please visit www.SFRhub.com and search for portfolio 100623 ⢠60 home portfolio spanning Georgia and the Carolinas ⢠Opportunity to scale as the seller has additional inventory ⢠Cherry-pickable into 3 portfolios by state ⢠The average home is 1,335 sqft. with an average asking price of $75,525 4,531,500 90,630 60 75,525 8.70%
- 29. Price $ Buy Side Fee $ Size Price/SF Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. 2,750,000 68,750 60,800 SF $45 ⢠Unique Mixed-Use Redevelopment (50% complete) ⢠Final phase = 24-30 apartments ⢠Commercial renovations done - 7 of 8 spaces leased ⢠Zoning/use approvals, testing, etc. done ⢠Projected NOI: $452,750 ⢠15 year tax abatement (apartments) SVN | Summit Commercial Real Estate Group, LLC NICHOLE BOOKER nichole.booker@svn.com 330.475.5500 MIXED-USE | 237-243 FURNACE STREET | AKRON, OH
- 30. Price $ Buy Side Fee $ Size Cap Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. 6,700,000 134,000 65,686 SF 8% ⢠Cash flowing 11-building business park ⢠93.4% occupied ⢠5 Minutes from I-95 ⢠15 minutes to the beaches ⢠New Starbucks and Aldi in close proximity SVN | Saunders Ralston Dantzler AUGIE SCHMIDT augie@svn.com 863.409.2400 SVN | Alliance RANDY HELLE randy.helle@svn.com 386.235-7105 BUSINESS CENTER | 4601 E. MOODY BLVD | BUNNELL, FL
- 31. Price $ Buy Side Fee $ Size Price/SF Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. 4,800,000 120,000 172,341 SF $27.8 ⢠Outstanding strategic location ⢠Low price per foot ⢠2 buildings in close proximity to each other ⢠Very close to Nissan plant - large parcels for logistics use INDUSTRIAL | YANDELL & UNION WAREHOUSE AND LOGISTICS | CANTON, MS SVN | Chicago Commercial JOHN MCDERMOTT john.mcdermott@svn.com 312.626.3030 SVN | Rich Investment R.E. JEFF ALBEE, CCIM jeff.albee@svn.com 818.731.7385 SVN | Southgate Realty JOSHUA BLACKLEDGE, CCIM jblackledge@svn.com 601.264.4622
- 32. Price $ Buy Side Fee $ Size Price/SF Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. 2,505,000 75,150 20,040 SF $125 ⢠Dallas/Fort Worth International Airport - 28 min, 19.8 mi ⢠Dallas Love Field Airport - 41 min, 31.9 mi ⢠Attractive architectural style of storefront allows for signage in multiple places natural lighting to enhance merchandise ⢠52 parking spots available; 2.5/ 1000 RETAIL | 3114 SOUTH COOPER | ARLINGTON, TX SVN | Dunn Commercial COURTNEY DUNN courtney.dunn@svn.com 972.998.2361 DAVID DUNN david.dunn@svn.com 817.829.2828
- 33. Price $ Buy Side Fee $ Size Price / Acre $ Property Highlights Property 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 SVNŽ offices are independently owned and operated. Š 2020 SVN International Corp. 14,995,000 449,850 1,400 Acres $10,710 GOLF & RESORTS | MIDWESTERN UNITED STATES ⢠World-renowned resort, hunting lodge and outfitter with significant growth and development potential ⢠Wide variety of hunting, fishing, horseback riding, and one of nation's largest ATV/OHV riding courses ⢠Includes existing cabins, lodges, campgrounds, restaurants, event center ⢠Development opportunities include; more cabins, tiny homes, RV Park, campgrounds, additional lodge/hotel ⢠Wide variety of accommodations ideal for a range of guests from individuals to weddings to large corporate events SVN | Northco FRANK JERMUSEK frank.jermusek@svn.com 952.820.1615 CAMERON PETERSON cameron.peterson@svn.com 952.820.1688 EDWARD RUPP edward.rupp@svn.com 952.820.1634 EMILIA MOLLE emilia.molle@svn.com 952.820.1618
- 34. www.svn.com PAGE | February 8th-14th, 2020 EVENTS & WEBINARS TUESDAY FEB 9 SVN Community Connect 10:00am PT | 1:00pm ET THURSDAY FEB 11 Retail Council Meeting 9:00am PT | 12:00pm ET
- 35. www.svn.com PAGE | Please visit www.svn.com for more information on the properties featured on todayâs call and to view all of SVNâs 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 SVNÂŽ offices are independently owned and operated. Thank You For Joining Us!