SVN Live 12.13.21 Weekly Property Broadcast
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The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
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SVN Live 12.13.21 Weekly Property Broadcast
- 2. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Gary Washburn SVN | Insight Commercial Real Estate Advisors, Murrieta, California Thomas Stine SVN | Denver Commercial, Denver, Colorado Nathan Gaylord SVN | Commercial Advisory Group, Sarasota, Florida Charles Portis SVN | Chicago Commercial, Chicago, Illinois
- 3. www.SVN.com Welcome New SVN Advisors SVN Franchise Location Meredith Mears SVN | Miller Commercial Real Estate, Salisbury, Maryland Janet Horton SVN | Walt Arnold Commercial Brokerage Inc., Albuquerque, New Mexico Perry Nickleach SVN | Three Rivers Commercial Advisors, Pittsburgh, Pennsylvania Andrew Banken SVN | Trinity Advisors, Fort Worth, Texas
- 5. www.SVN.com Economic Updates Provided by ○ According to the Real Capital Analytics commercial property price index (CPPI), commercial property prices continue to grow at a record clip. Measured through October, asset prices are up 15.9% year- overyear, the highest annual appreciation rate on record. Moreover, commercial prices are up 1.7% month-over-month. ○ After initially coming out of the gate slow into the pandemic recovery, commercial real estate assets in Major Metropolitan markets are beginning to see some significant pricing momentum. Measured year- over-year, CRE assets in Gateway markets are up 10.6%. COMMERCIAL PROPERTY PRICES
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Undisclosed 18.44 acres $520 RETAIL | N2393 SCHACHT ROAD | MARINETTE, WI ○ Forgotten Fire Winery - Turn-key operation with key employees staying on including head winemaker ○ Award-winning winery that produces more than 30 wines, hard ciders and craft sodas ○ Onsite/online retail sales and distribution at more than 1000 locations and growing ○ Urban-style winery in a country setting with event space and land to grow your own fruit ○ Buyers have ties to the business and community and should see great success in this thriving industry SVN | Northco FRANK JERMUSEK frank.jermusek@svn.com 952.820.1615 EMILIA MOLLE emilia.molle@svn.com 952.820.1618 CAMERON PETERSON cameron.peterson@svn.com 952.820.1688 EDWARD RUPP edward.rupp@svn.com 952.820.1634
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $1,225,000 6,733 SF $182 INDUSTRIAL | 527 SW 21ST TERRACE | FORT LAUDERDALE, FL ○ Showed the building one time and had it under contract in 2 days ○ Buyers remorse surfaced, and the client canceled ○ Walked the street and sold it to a neighbor ○ If you snooze in this market, you LOSE! SVN | Commercial Realty LES BYRON, CCIM, SIOR les@svncr.com 954.401.4713 KEITH KIDWELL, CCIM, SIOR keith@svncr.com 954.234.8777 STEVE DAVIS steve@svncr.com 954.650.7824
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Lease Value Lease Terms Size CURT ARTHUR curt.arthur@svn.com 503.588.0400 SVN | Commercial Advisors LLC $1,257,044 5 year 27,160 SF INDUSTRIAL | MILL CREEK CORPORATE CENTER BUILDING 1 | SALEM, OR ○ 27,160 SF ○ Five year lease ○ OmniMax International - leading manufacturer of building and transportation products
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Lease Value Lease Terms Size CURT ARTHUR curt.arthur@svn.com 503.588.0400 SVN | Commercial Advisors LLC $5,813,652 10 years 70,550 SF INDUSTRIAL | MILL CREEK CORPORATE CENTER BUILDING 5 | SALEM, OR ○ Dog food manufacturer ○ Existing full building tenant took a 2nd bldg ○ Now in more than 134,000 SF
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Lease Value Lease Terms Size CURT ARTHUR curt.arthur@svn.com 503.588.0400 SVN | Commercial Advisors LLC $6,049,824 10 years 52,650 SF INDUSTRIAL | MILL CREEK CORPORATE CENTER BUILDING 6 | SALEM, OR ○ Supports a 450,000 SF Home Depot distribution hub .5 mile north ○ 120 month lease ○ Two years from first contact to lease execution
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap STEVEN PAULSEN steven.paulsen@svn.com 561.282.9299 JOHN ANDREWS john.andrews@svn.com 561.613.1403 MASON HIGHMAN mason.highman@svn.com 561.282.9297 SVN | Commercial Partners $1,320,000 4,953 SF $267 MULTIFAMILY | 227 SE 1ST STREET | DANIA BEACH, FL ○ 98% list to closing price ○ 13 qualified buyer offers ○ 120 day list to close ○ Seller cleared code violations during contract ○ $266.51 per square foot ○ 5.47% cap 5.47%
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF JUSTIN RYDER, CCIM justin.ryder@svn.com 859.306.0617 HARRISON LANE harrison.lane@svn.com 859.436.2835 NEAL METCALFE neal.metcalfe@svn.com 859.306.0614 MATT STONE, CCIM, SIOR, MBA matt.stone@svn.com 859.306.0593 SVN | Stone Commercial Real Estate $1,800,000 7,520 SF $239 OFFICE | 799 E BRANNON ROAD | NICHOLASVILLE, KY ○ Multiple offers in the first week and quickly went under contract with a qualified owner-occupant close to ask price ○ In a difficult and sometimes delayed financing climate, the transaction went smoothly with no delays ○ Approaching the property from the standpoint of maximizing value required a dual approach of leasing/sales, ultimately putting the client in the best possible position
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap ANTHONY RUIZ anthony.ruiz@svn.com 480.425.5531 CARRICK SEARS, CCIM, MBA carrick.sears@svn.com 480.425.5529 SVN | Desert Commercial Advisors $1,992,920 24,496 SF $81 INDUSTRIAL | 3601 E SPEEDWAY BLVD | TUCSON, AZ ○ Investment will yield a 7.5% cap rate for the first 5 years and up to a 8.4% cap rate in Year 8 if the 3 year lease option is exercised in Year 5 ○ Tenant has 5 year lease with an option to renew for 3 years at 8% increase ○ Building is only 13 minutes away from the I-10., and only 5 minutes away from the University of Arizona's main campus ○ SVN leased the property to Arizona Party Rentals and then we subsequently sold the leased property to a local industrial investment group 7.5%
- 15. 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF WADE HAGA wade.haga@svn.com 859.306.0605 MATT STONE, CCIM, SIOR, MBA matt.stone@svn.com 859.306.0593 SHAUN COOK shaun.cook@svn.com 859.306.0595 SVN | Stone Commercial Real Estate $2,800,000 13,600 SF $206 OFFICE | 3285 BLAZER PARKWAY | LEXINGTON, KY ○ Property was originally marketed for lease ○ Property to be managed by SVN | Stone Commercial Real Estate ○ Buyer is end-user
- 16. 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF $2,800,000 5,381 SF $520 RETAIL | 2025 N DIXIE HWY | WEST PALM BEACH, FL ○ Sold for $520.35/SF ○ This is the second ragtops building we sold in the last year ○ Had it on the market last year for $1.6M - We took it off the market ○ Received an unsolicited offer 3 months ago for $2.8M SVN | Florida Commercial ROBERT HAMMAN robert.hamman@svn.com 561.346.2310
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price No. of Units Price/Unit Cap KEVIN TIPTON kevin.tipton@svn.com 865.210.0228 COHL MORGAN cohl.morgan@svn.com 865.603.9887 SVN | Wood Properties $4,400,000 25 units $176,000 MULTIFAMILY | 902-906 WARRIOR HILL DRIVE | LOUISVILLE, TN ○ 25 newly constructed Individually parceled townhomes ○ All units 2 bed 2.5 bath and 100% occupied ○ Near new Amazon Distribution Center and Smith and Wesson Corporate Headquarters 6.5%
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap MATT STONE, CCIM, SIOR, MBA matt.stone@svn.com 859.306.0593 NEAL METCALFE neal.metcalfe@svn.com 859.306.0614 SVN | Stone Commercial Real Estate $5,825,000 30,418 SF $191 RETAIL | 3090,3094,3100 OLD TODDS ROAD | LEXINGTON, KY ○ Having managed & leased this property for the past 8 years the family was interested in selling the property before end of 2021 ○ The property had 37 CA's and multiple LOI's from all over the country ○ The property was listed for Sale in late July and under contract in early September, and closed on 12.1.21 ○ The purchaser is a local investor 7.06%
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/SF Cap HANS HARDISTY, CCIM hans.hardisty@svn.com 914.489.7909 SVN | Hardisty Commercial Realty $10,500,000 32,525 SF $323 SELF STORAGE | 65 KENSICO DR | MT KISCO, NY ○ Long established self storage facility ○ 49,100 gross SF; 32,525 net rentable SF ○ High-income Westchester County market ○ 342 non-climate controlled units ○ 90% occupied 4.25% NICK MALAGISI, SIOR nick.malagisi@svn.com 716.310.8314 SVN | Commercial Realty
- 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. © 2021 SVN International Corp. Property Details Transaction Highlights Sale Price Size Price/Acre ASHLEY BLOOM ashley.bloom@svn.com 941.961.7109 ROB HENRY rob.henry@svn.com 352.631.4200 SVN | Commercial Partners $14,876,643 1,526 acres $9,749 LAND | NE 48TH AVE | OKEECHOBEE, FL ○ Planned to be solar farm ○ Second transaction with buyer for solar farm ○ Two-year lease option on close ○ SVN was brought in after LOI submitted to consult ○ Seller was long time family farm
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap RETAIL | 8321 MILL STREET | VANDERBILT, MI $1,220,000 $18,300 8,320 SF ○ Built to suit for Family Dollar in 2017 ○ Fortune 500 investment grade tenant ○ 7+ years left on original lease ○ Six 5 year auto renewal options ○ Family Dollar is an "Essential" retailer ○ Corporate guarantee ○ Only $ store within several miles $147 SVN | Investment Property Advisors DAVID DE MAAGD, CPA, MBA david.demaagd@svn.com 616.399.3955 6%
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap RETAIL | 6704 S M-221 | BRIMLEY, MI $1,233,000 $18,495 8,320 SF ○ Built to suit for Family Dollar in 2017 ○ Fortune 500 investment grade tenant ○ 7+ years left on original lease ○ Six 5 year auto renewal options ○ Family Dollar is an "Essential" retailer ○ Corporate guarantee ○ Only $ store within several miles $148 SVN | Investment Property Advisors DAVID DE MAAGD, CPA, MBA david.demaagd@svn.com 616.399.3955 6%
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap RETAIL | 1717 ASHMUN | SAULT STE MARIE, MI $1,717,000 $25,755 8,320 SF ○ Built to suit for Family Dollar in 2016 ○ Fortune 500 investment grade tenant ○ 5+ years left on original lease ○ Six 5 year auto renewal options ○ Family Dollar is an "Essential" retailer ○ Corporate guarantee ○ Only $ store within several miles $204 SVN | Investment Property Advisors DAVID DE MAAGD, CPA, MBA david.demaagd@svn.com 616.399.3955 6%
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre LAND | 1969 QUAIL GROVE LANE | TALLAHASSEE, FL $1,500,000 $37,500 2.77 acres ○ Staybridge Suites by IHG currently available ○ Tallahassee is home to Florida State University ○ Tallahassee is the state capital of Florida $541,516 MANOJ SHAH manoj.shah@svn.com 210.889.6819 SVN | Rich Investment Real Estate Partners SVN | Southland Commercial MICHAEL CARRO mcarro@svn.com 850.434.7500
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap OFFICE | 555 CYNWOOD DRIVE | EASTON, MD $1,500,000 $45,000 5,060 SF ○ Available for sale or lease ○ Perfect 1031 replacement property ○ Yield rate at 15%+ (if buyout) ○ Valuation and underwriting based on current market rent of $18.00 ○ 24 months remaining on lease with AAHS ○ Above market details to be provided under a non-disclosure agreement $296 SVN | Miller BOB GREENLEE bob.greenlee@svn.com 443.390.2600 9.6%
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre LAND | 1785 GRAYSON HIGHWAY | GRAYSON, GA $1,790,000 $125,300 5.04 acres ○ Traffic count: 48,300 ○ 5.4 acres ○ Price improvement ○ Development opportunity ○ Prime location ○ Gated lot $355,159 JEFF HAMMOND j.hammond@svn.com 210.889.6819 SVN | Creviston Realty
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/Acre LAND | 11 HARBISON LANE | SAGLE, ID $2,490,000 $74,700 14.31 acres ○ 14.31 acres of premium commercial land ○ Separated into 3 parcels ○ 900 feet of Highway 95 frontage for maximum visibility and exposure ○ Income producing property with Jitterz Coffee NNN ground lease and billboard ○ Over 25,000 ADT $174,004 SVN | Cornerstone JESSE FOX jesse.fox@svn.com 509.850.2805
- 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF Cap RETAIL | 3300-3332 CHICAGO ROAD | SOUTH CHICAGO HEIGHTS, IL $4,895,000 $122,375 63,148 SF ○ Value add 13 tenant units | 94% occupied ○ Anchor tenants include O'Reilly Auto Parts, Family Dollar, Sav-A-Lot -Newly Renovated ○ Major retail corridor with high visibility ○ NOI: $418,334 $78 SVN | Chicago Commercial KAREN KULCZYCKI kkulczycki@svn.com 312.602.5346 8.55%
- 31. 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF INDUSTRIAL | 952 JUPITER PARK LANE | JUPITER, FL $5,950,000 $148,750 24,526 SF ○ Several opportunities: sale-leaseback with two tenants; owner user (who can use up to 3,862± SF), or investor (net leased) ○ Tilt-up construction with double tee roof ○ Loading well with dock high doors ○ Hurricane doors (including bay doors) and windows ○ Nine HVAC units located on the ground, nothing on the roof $243 SVN | Florida Commercial ROBERT HAMMAN robert.hamman@svn.com 561.346.2310
- 32. 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF INDUSTRIAL | 1783 PARK LANE S | JUPITER, FL $5,950,000 $148,750 17,600 SF ○ Exquisite ±17,600 SF office/warehouse of pure excellence, functionality, and total awe factor upon entering ○ Palatial room for storage of 73+ cars and toys ○ Repair area complete with 10,000 pound 2 post car lift ○ Mezzanine includes a full bathroom, all wood floors, fully wood paneling, full soda and ice cream bar, a fully stocked bar, plus a pool table ○ HD fluorescent lighting throughout $338 SVN | Florida Commercial ROBERT HAMMAN robert.hamman@svn.com 561.346.2310
- 33. 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. © 2021 SVN International Corp. Property Details Property Highlights Price Buy Side Fee Size Price/SF HEALTHCARE | 420 VICTORY PARK DRIVE | LINCOLN, NE $40,553,577 $405,535 89,548 SF ○ The loan has a paydown/readvance feature that allows exchange buyers to put a large cash amount in at closing to satisfy their 1031 Exchange and then pull the cash back out immediately ○ The lease is set up as a modified net lease structure with nearly 20 years remaining ○ The lease is backed by the credit of the US Federal Government $453 SVN | Angelic GABRIEL SILVERSTEIN gabriel.silverstein@svn.com 512.953.3320 ALEX PROVOST alex.provost@svn.com 707.508.6031
- 34. www.SVN.com Events & Webinars TUESDAY DECEMBER 14 Best Practices Webinar 8:30 AM PT | 11:30 AM ET Date: December 13-19, 2021
- 35. THANK YOU for joining us!
- 36. 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.