SVN Live Weekly Property Broadcast 05.13.19

WEEKLY PROPERTY BROADCAST
May 13, 2019
Live
®

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© 2019 SVN International Corp.
Live®
ECONOMIC TALKING POINTS
CoStar reports larger-property weighted
index with gains as smaller-property index
declines
• CoStar reported mixed results for its two main
price indices. The larger-property (value
weighted) index rose 1.4% in February, while
the smaller-property (equally weighted) index
fell -0.6%.
• Overall, the divergent results lead to little
insight into trend changes. The increased
volume is generally a good sign of overall
market health.

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PAGE |
Live®
ECONOMIC TALKING POINTS
Late-cycle growth can persist for long periods
of time, say real estate bankers
• GlobeSt.com interviewed bankers with PNC
Real Estate about the business cycle. They
said that the current growth trend can persist
for longer periods of time, despite achieving
what many would call a “peak”.
• The best advise to investors at this point of
the cycle is to not take on too much debt. If
capital structure is sound, investors will likely
experience long term positive results if
acquiring today.

Live®
CLOSED DEALS

Sale Price $
Size
Price /SF $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
COMMERCIAL REAL ESTATE ADVISORS
All SVN® offices are independently owned and operated.
119.31
|Live
®®
1,085,700
SINGLE TENANT INVESTMENT | 101 W TAMOROA ROAD | INA, IL
• Buyer was in a 1031 exchange
• We got them non-recourse financing
• We specialize in Dollar Generals
9,100 SF
SVN | Silveri Company
CHRIS COLVIN
chris.colvin@svn.com
616.920.9334
CODY COLVIN
cody.colvin@svn.com
616.893.5353
PETER COLVIN
peter.colvin@svn.com
616.893.1398
7%

Sale Price $
Size
Price /SF $
Cap
119.79
|Live
®®
1,090,057
SINGLE TENANT INVESTMENT | 319 W CUMBERLAND STREET | MARTINSVILLE, IL
• Buyer was in a 1031 exchange
• We got them non-recourse financing
• We specialize in Dollar Generals
9,100 SF
SVN | Silveri Company
CHRIS COLVIN
chris.colvin@svn.com
616.920.9334
CODY COLVIN
cody.colvin@svn.com
616.893.5353
PETER COLVIN
peter.colvin@svn.com
616.893.1398
7%

Sale Price $
Size
Price /SF $
38.33
|Live
®®
1,150,000
OFFICE | 890 2ND STREET | LEBANON, OR
• The building had been a call center and was by far the largest building in the city
• This transaction was a sale, relist and sale on a property which had been listed for
4 years
• The property sold the first time on a cash and tax credit price of $2.5 million
• The Buyer turned and relisted the property at $1,150,000
• Property sold in less than 60 days for all cash to a local growing community college
30,000 SF
SVN | Commercial Advisors,
LLC
GEORGE GRABENHORST
george.grabenhorst@svn.com
503.588.7395

Sale Price $
Size
Price /SF $
Cap
298.31
|Live
®®
1,167,000
RETAIL | 105 MAIN STREET | BELLEVILLE, MI
• Fortune 500 bank - long term leased
• Long term repeat buyer/investor group
• Found proven strong branch location
3,912 SF
SVN | Investment Property
Advisors
DAVID DE MAAGD, CPA, MBA
david.demaagd@svn.com
616.399.3955
9.00%

Sale Price $
Size
Price /SF $
268.30
|Live
®®
1,415,000
RETAIL | 1201 E 4TH STREET | SANTA ANA, CA
• Purchased by ice cream maker
• Buyer is same group who sold Oculus to Facebook
• All cash, no contingency deal
5,274 SF
SVN | Vanguard
FERNANDO CRISANTOS
CalDRE #01972227
f.crisantos@svn.com
949.558.0312

Sale Price $
Size
Price /SF $
Cap
65.89
|Live
®®
2,200,000
MULTIFAMILY | 1250 S PERRIS BOULEVARD | PERRIS, CA
• Affordable housing property
• Long escrow that required city approval
• Represented the seller
33,391 SF
SVN | Vanguard
SHARON BROWNING
CalDRE #00854083
sharon.browning@svn.com
949.558.0307
4.4%
FERNANDO CRISANTOS
CalDRE #01972227
f.crisantos@svn.com
949.558.0312

Sale Price $
Size
Price /SF $
2,292.44
|Live
®®
3,700,000
RETAIL | 237 W CHAPMAN AVENUE | ORANGE, CA
• Seller lease back for up to one year
• All cash buyer
• Owner/user deal
1,614 SF
SVN | Vanguard
FERNANDO CRISANTOS
CalDRE #01972227
f.crisantos@svn.com
949.558.0312

Sale Price $
Size
Price /Acre $
1,134,751.77
|Live
®®
1,600,000
LAND | 200 YACHT CLUB DRIVE | NORTH PALM BEACH, FL
• Originally sold to a multi billionaire a few years ago for $730,000
• Brought the new buyer ( large hotel developer) and put under contract
• Title company found a deed restriction from over 50 years ago
• Wanted $230,00 to get rid of the deed restriction
1.41 ACRES
SVN | Florida Commercial
Real Estate Advisors
ROBERT HAMMAN
robert.hamman@svn.com
561.346.2310

Sale Price $
Size
Price /SF $
373.33
|Live
®®
4,200,000
OFFICE | 710 W COLFAX AVENUE | DENVER, CO
• Seller wanted to capitalize on the vibrant sales market and wanted the
flexibility of leasehold interest vs fee simple of its corporate real estate
• We helped secure the best buyer (City & County of Denver) who would pay
the most for the site
• Buyer plans to redevelop the site along with neighboring properties
11,250 SF
SVN | Denver Commercial
BRIAN McCRIRIE
brian.mccririe@svn.com
720.893.2834
AARON CHASE
aaron.chase@svn.com
720.370.2835
JOHN SHEFLIN
john.sheflin@svn.com
720.773.8541

Sale Price $
Size
Price /SF $
65.25
|Live
®®
15,500,000
RETAIL | 1001 AIRPORT BOULEVARD | MORRISVILLE, NC
• Property to undergo multi-million renovation
• 25 acres located off of I-40 & RDU Airport
• Space being converted to creative office use
237,537 SF
SVN | HPW Commercial
SANJAY MUNDRA
sanjay.mundra@svn.com
919.573.8638
DAVID PETERSON
david.peterson@svn.com
919.877.8979
GRAY RODGERS
gray.rodgers@svn.com
919.573.4576

Live®
FEATURED INVENTORY

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PAGE |
Live®
FEATURED INVENTORY: $78,223,600+
BUY-SIDE COMMISSION: $1,550,051+
FEATURED INVENTORY FINANCIAL SUMMARY

Opening Bid $
Auction Date
Buy Side Fee $
Property Size
PROPERTY HIGHLIGHTSDETAILS
2%
|Live
®®
1,000,000
LAND | 5540 S 5600 W | WEST VALLEY CITY, UT
• Government owned real estate auction - Utah Dept. of Transportation
• Auction site: https://www.UDOTauctions.Utah.gov
• 1.99 acres, C-2 zone
• 340 feet of frontage on 5600 West
• Nearby retailers include Maverik, McDonalds and Chevron
JUNE 5-12, 2019
ONLINE
1.99 ACRES
SVN | Auction Services
DAVID GILMORE, CCIM, CAI, AARE
david.gilmore@svn.com
504.468.6800
SVN | Alta Commercial
CHET BARBER
chet.barber@svn.com
801.628.9178
TIA SHIM, ESQ.
tia.shim@svn.com
801.508.2881
LOUIS FISHER, CAI
fisherl@svn.com
954.931.0592

Opening Bid $
Auction Date
Buy Side Fee $
Property Size
2%
|Live
®®
1,000,000
LAND | 5470 S 5600 W | WEST VALLEY CITY, UT
• 2.06 acres C-2 zone
• Over 360 feet of frontage on 5600 West
• Nearby retailers include Chevron, McDonalds and Maverik
JUNE 5-12, 2019
ONLINE
2.06 ACRES
504.468.6800
CHET BARBER
chet.barber@svn.com
801.628.9178
TIA SHIM, ESQ.
tia.shim@svn.com
801.508.2881
LOUIS FISHER, CAI
fisherl@svn.com
954.931.0592

Opening Bid $
Auction Date
Buy Side Fee $
Property Size
2%
|Live
®®
1,180,000
LAND | 3667 W 10200 S | SOUTH JORDAN, UT
• 4.2 acres R-1.8 (residential zone)
• Over 400 feet of frontage on Bangerter Highway
• Residential or possibly office development land
JUNE 5-12, 2019
ONLINE
4.2 ACRES
504.468.6800
CHET BARBER
chet.barber@svn.com
801.628.9178
TIA SHIM, ESQ.
tia.shim@svn.com
801.508.2881
LOUIS FISHER, CAI
fisherl@svn.com
954.931.0592

Opening Bid $
Auction Date
Buy Side Fee $
Property Size
2%
|Live
®®
1,255,000
LAND | 2057 W 1800 N | CLINTON, UT
• 5.56 acres PZ (performance zone)
• Excellent retail site in the heart of Clinton, UT
• 16,000 ADT on 2000 West, 7000 ADT on 1800 North
• Major retailers located nearby
JUNE 5-12, 2019
ONLINE
5.56 ACRES
504.468.6800
CHET BARBER
chet.barber@svn.com
801.628.9178
TIA SHIM, ESQ.
tia.shim@svn.com
801.508.2881
LOUIS FISHER, CAI
fisherl@svn.com
954.931.0592

Opening Bid $
Auction Date
Buy Side Fee $
Property Size
2%
|Live
®®
2,360,000
LAND | 5622 S 5600 W | KEAMS, UT
• Auction site: https://www.UDOTAuctions.Utah.gov
• C-2 zoning
• Over 360 feet of frontage on 5600 West
• Nearby retailers include Chevron, McDonalds and Maverik
JUNE 5-12, 2019
ONLINE
7.94 ACRES
504.468.6800
CHET BARBER
chet.barber@svn.com
801.628.9178
TIA SHIM, ESQ.
tia.shim@svn.com
801.508.2881
LOUIS FISHER, CAI
fisherl@svn.com
954.931.0592

List Price $
Buy Side Fee $
Size
Price /SF $
10,000 SF
|Live
®®
1,295,000
OFFICE | 7530 MARKET PLACE DRIVE | EDEN PRAIRIE, MN
• Two-story, turn-key office building just outside of the "Golden Triangle" of
the desirable Eden Prairie sub-market
• GBA of 10,000 square feet (5,185 square feet on the lower level and 4,815
square feet on the upper level)
• Ideal owner-user opportunity; the Property will be 100% vacant at closing
• Located less than 10 miles from the Minneapolis CBD and less than 15 miles
from MSP International Airport
38,850
129.50
SVN | Northco Real Estate
Services
FRANK JERMUSEK, JD
frank.jermusek@svn.com
952.820.1615
EDWARD RUPP
edward.rupp@svn.com
952.820.1634
CAMERON PETERSON, CCIM
cameron.peterson@svn.com
952.820.1688

List Price $
Buy Side Fee $
Size
Price /Acre $
5.09 ACRES
|Live
®®
1,325,000
LAND | 1514-1530 KUSER ROAD | HAMILTON, NJ
• Prime development opportunity located within the Central New Jersey market
• 316 feet of frontage on highly trafficked Kuser Road
• Currently improved with three residential dwellings
• Densely populated area with over 235,000 residents within a 5 mile radius
• Adjacent to a diverse platform of local, regional and national retailers
• Significant new development in immediate proximity
39,750
260,314.34
SVN | Ahia Commercial Real
Estate
CHICHI E AHIA, SIOR
chichi.ahia@svn.com
215.757.2500 x 101
MONIKA POLAKEVIC
monika.polakevic@svn.com
215.757.2500 x 108

List Price $
Buy Side Fee $
Size
Price /SF $
12,000 SF
|Live
®®
4,200,000
OFFICE | 1690 BIG OAK ROAD | YARDLEY, PA
• LEED certified medical/office building with two stories and elevator service
• 30 exam rooms
• Built in 2011
• One of three approved condominium units situated on 3.88 acre parcel
• Close proximity to several major medical systems
• Strong demographic profile, average HH income exceeding $115,000 within a
mile radius
126,000
350.00
SVN | Ahia Commercial Real
Estate
CHICHI E AHIA, SIOR
chichi.ahia@svn.com
215.757.2500 x 101
MONIKA POLAKEVIC
monika.polakevic@svn.com
215.757.2500 x 108

List Price $
Buy Side Fee $
Size
Price /SF $
Cap
25,310 SF
|Live
®®
1,900,000
INDUSTRIAL | 1301 LANDMEIER ROAD | ELK GROVE VILLAGE, IL
• This is a sale-leaseback investment with a long term lease that will begin upon
closing
• New roof, HVAC and windows throughout building
• Tenant will handle all CAM expenses and building insurance costs
• Just a 10 minute drive to O’Hare International Airport
• Elk Grove Village has the largest industrial business park in the Midwest
47,500
75.07
SVN | Chicago Commercial
OLIVIA CZYZYNSKI
olivia.czyzynski@svn.com
312.676.1862
JENNIFER HOPKINS
jennifer.hopkins@svn.com
312.676.1865
6.56%
KAREN KULCZYCKI
kkulczycki@svn.com
312.602.5346

List Price $
Buy Side Fee $
Size
Price /SF $
Cap
60,000 SF
|Live
®®
4,890,000
INDUSTRIAL | 105 PRAIRIE LAKE ROAD, UNIT C & D | EAST DUNDEE, IL
• 60,000sf investment of fully leased space consisting of 2 condos with 3 long term
tenants within a 100,000sf building
• Property is located in East Dundee, a suburb of Chicago
• All CAM is handled through the Association
• Building is in Kane County, which is a low property tax county in IL
• Newer construction building, very well maintained with no deferred maintenance
97,800
81.50
OLIVIA CZYZYNSKI
olivia.czyzynski@svn.com
312.676.1862
JENNIFER HOPKINS
jennifer.hopkins@svn.com
312.676.1865
6.9%
KAREN KULCZYCKI
kkulczycki@svn.com
312.602.5346

List Price $
Buy Side Fee $
Size
Price /SF $
10,000 SF
|Live
®®
4,599,000
OFFICE | 15 S ABERDEEN | CHICAGO, IL
• Rarely available timber and beam boutique office building
• Located 2 blocks from McDonald’s global headquarters
• Full usable basement and rooftop
• First floor voted one of Chicago Crain’s Business coolest offices
• Property is agent owned
114,975
459.90
SCOTT R. MAESEL
scott.maesel@svn.com
312.676.1860

List Price $
Buy Side Fee $
No. of Units
Price /Unit $
39 UNITS
|Live
®®
1,790,000
OTHER | 131 WHITMORE LANE | UKIAH, CA
• Northern California location
• Seeking investor; Seniors Housing operator has been identified
• Potential, stabilized Cap Rate 10.0%
• 39 unit non-operating Skilled Nursing Facility
• Price per bed $23,247 (based upon 77 pro forma beds)
35,800
45,897.44
SVN | QAV & Associates
JONATHAN HARRIS
CalDRE #01185865
jonathan.harris@svn.com
415.383.7000

List Price $
Buy Side Fee $
Size
Price /SF $
17,193 SF
|Live
®®
2,000,000
RETAIL | 210 W STATE STREET | GENEVA, IL
• Landmark 1910 retail property
• Large display windows
• Historic interior finishes
• Functional full basement
• Addition with elevator access
• Optional warehouse
60,000
116.33
SVN | Landmark Commercial
Real Estate
NEIL JOHNSON
neil.johnson@svn.com
630.938.4950

List Price $
Buy Side Fee $
Size
Price /Acre $
3 ACRES
|Live
®®
2,000,000
LAND | 17555 S TAMIAMI TRAIL | FORT MYERS, FL
• Zoning: CPD ; County designated as Mixed Use Overlay Zone
• Overlooks a pristine 50 acres lake
• Centrally located between Fort Myers and Bonita Springs
• Specific uses: office/retail space
• One of the hottest development areas in the county
• Close to numerous upscale communities, Country Clubs, shopping, airport, and FGCU
60,000
666,666.67
SVN | KOVA
BOB O’CONNOR
bob.oconnor@svn.com
239.410.7183

List Price $
Buy Side Fee $
Size
Price /Acre $
7.57 ACRES
|Live
®®
2,000,000
LAND | 6873 GRANADA LAKES DRIVE | FORT MYERS, FL
• RPD zoning
• Allows up to 170 units of multifamily
• Assisted living facility allowed, owner would consider a joint venture
• 7.57+/- acres of land
• Lake: 52+/- acres
• South of Alico Road and South US 41/Tamiami Trail Interchange
60,000
264,200.79
SVN | KOVA
BOB O’CONNOR
bob.oconnor@svn.com
239.410.7183

List Price $
Buy Side Fee $
Size
Price /SF $
Cap
4,965 SF
|Live
®®
2,979,000
OFFICE | 902 PEARL STREET | BOULDER, CO
• Rarely available downtown Boulder location (9th & Pearl)
• Three units have been combined for a total for 4,965 square feet on the corner
• Currently office built out as with high ceilings but could easily be converted to
retail
• Lease with Cognizant (NASDAQ:CTSH) through February 28, 2022
• Great demographics and with heavy walking traffic
89,370
600
SVN | Denver Commercial
RUSSELL LEE
russell.lee@svn.com
720.370.2415
7.37%
BRAIN MCCRIRIE
brian.mccririe@svn.com
720.893.2834
AARON CHASE
aaron.chase@svn.com
720.370.2835

List Price $
Buy Side Fee $
Size
Price /SF $
Cap
12,283 SF
|Live
®®
3,050,000
RETAIL | 4859 LONE TREE WAY | ANTIOCH, CA
• 100% leased
• Big 5 early extended lease 9+ years remaining
• Triple net leases with rent increases
• Walmart Supercenter anchored shopping center
61,000
248.31
SVN | Pacific Commercial
Advisors
KEVIN D. CHIN, CCIM
CalDRE #00696127
kevinc@svn.com
415.922.2900 x 101
6%

List Price $
Buy Side Fee $
Size
Price /Acre $
66.13 ACRES
|Live
®®
4,000,000 • City's larger industrial site with 66.13 acres
• Dallas enterprise zone with an option for small to large users
• Rail service possibilities
• Use for manufacturing and possible build to suit option
• 3,600 to 54,000 SF existing buildings available; 2.4 million in SDC credits from
the City on redevelopment
120,000
60,486.92
SVN | Commercial Advisors,
LLC
GEORGE GRABENHORST
george.grabenhorst@svn.com
503.588.7395
INDUSTRIAL | 1551 LYLE STREET | DALLAS, OR

List Price $
Buy Side Fee $
Size
Price /SF $
Cap
14,473 SF
|Live
®®
4,500,000
RETAIL | 1601 N DIVISION STREET | SPOKANE, WA
• Strip retail investment property with high visibility and accessibility
• Traffic count 42,000 +/- vehicles per day on Division St & Mission Ave
• Building is 14,473 SF on a 1.05 acre lot
• 62 on site car parks or 4.3/1,000
• Excellent tenant mix with Einstein Bagel, Cricket, and H&R Block anchors
135,000
SVN | Cornerstone
GUY BYRD
guy.byrd@svn.com
509.953.5109
310.92
7.02%

Starting Bid $
Auction Date
Buy Side Fee $
Property Size
187,077 SF
|Live
®®
4,750,000
RETAIL | 1029-1205 NORTH COURT | MEDINA (CLEVELAND), OH
• Grocery anchored, primarily occupied with a complimentary mix of national tenants
including Marshalls; part of a 340,000 SF regional center
• Largest shopping center in Medina, Ohio with 30 operating retailers, including outparcel
tenants featuring 7 national eateries 85% occupied with below market rents for upside
• High traffic area in Medina's largest retail corridor; Medina County is 6th fastest growing
county in Ohio and part of 4 million populated Northeast Ohio
• Great visibility and access with 5 entrances from three different streets; spans two hard,
signalized corners, in addition to signalized main entrance
.5%
SVN | First Place Commercial
Realty, LLC
VICTOR S. VOINOVICH SR.
voinovichv@svn.com
888.236.1435
JUNE 10 @ 12PM EST –
JUNE 12 @ 12PM EST

List Price $
Buy Side Fee $
Size
Price /SF $
Cap
70,296 SF
|Live
®®
8,100,000
RETAIL | 500 FURYS FERRY ROAD | MARTINEZ, GA
• 20,500 cars per day
• Prominent marque sign
• Located at a signalized intersection
283,500
115.23
SVN | Creviston Realty, Inc.
JEFF HAMMOND, MPA
jhammond@svn.com
210.889.6819
9.55%

List Price $
Buy Side Fee $
No. of Units
Price /Unit $
Cap
90 UNITS
|Live
®®
18,050,600
SFR PORTFOLIO | 210 LOWER CREEK PASS | ATLANTA, GA
• A dynamic portfolio is an SFR or BFR portfolio where the number of homes
available for purchase changes on a regular or fluid basis as the seller may add
or remove properties at any time. For more information visit
www.SFRhub.com and look for Portfolio 51
• The homes in this portfolio are recently renovated and cherry-pickable
• High single-family rental rates averaging $1,356 a month
• Customizable portfolio to create highest yields
180,506
200,562.22
6.79%
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 x 16

www.svn.com
PAGE |
Live®
May 13th – 17th, 2019
EVENTS & WEBINARS
TUESDAY
MAY 14
INSTITUTIONAL CAPITAL MARKETS COUNCIL MEETING
10:00am PT | 1:00pm ET
WEDNESDAY
MAY 15
BEST PRACTICES WEBINAR
8:30am PT | 11:30am ET
THURSDAY
MAY 16
SELF STORAGE COUNCIL MEETING
8:30am PT | 11:30pm ET

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SVN | Live will not
be airing on May 20th
We will return on
TUESDAY May 28th, after the
Memorial Day holiday.
PROGRAM ALERT

Jumpstart
DALLAS
June 25-27, 2019
Registration is now
open on my.svn.com

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Live®
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.
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.
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SVN Live Weekly Property Broadcast 05.13.19