SVN Live 2.5.24 Weekly Property Broadcast

W E E K L Y
P R O P E R T Y
B R O A D C A S T
DATE
dsafsdfd
February 5, 2024

W W W . S V N . C O M
E C O N O M I C
U P D A T E S
P R O V I D E D B Y

E C O N O M I C
U P D A T E S
P R O V I D E D B Y
● The average age of a head of household
moving into an SFR in 2022 was just 38.8 years
old. Conversely, the average age of preexisting
householders in SFR was nearly a decade older
at 47.1. Furthermore, almost half of all new SFR
renters were below the age of 35 — compared
to just a quarter of preexisting SFR renters.
● Considering new SFR households are, on
average, younger than their preexisting SFR
neighbors, it would be reasonable to expect
them to have lower incomes due to less career
experience. Yet, the data indicate otherwise.
Instead, new SFR households out-earn
preexisting SFR households by an average of
more than $11k. New SFR households have an
average annual household income of $83,635,
while preexisting SFRs earned $72,246.
Who is moving into SFR?

C L O S E D TRANSACTIONS

All SVN® offices are independently owned and operated. © 2024
SVN International Corp.
All SVN® offices are independently owned and
operated. © 2024 SVN International Corp.
Sale Price
Size
Price/SF
PROPERTY DETAILS TRANSACTION HIGHLIGHTS
RETAIL | 6360-6480 W. FLAMINGO ROAD | LAS VEGAS, NV
$14,418,000
54,949 SF
$262
Eric Rogosch
eric.rogosch@svn.com
702.527.5313
Nolan Julseth-White, CCIM
nolan.jwhite@svn.com
702.527.7562
Zechariah Levi, CCIM
zech.levi@svn.com
702.527.6280
SVN | THE EQUITY GROUP
● Multiple offers received
● Sold at 98% of list price
● SVN identified a 1031 exchange cash buyer with
minimal financing
● Quick close: less than 60 Days from PSA
execution to COE

Sale Price
Size
Price/SF
INDUSTRIAL | 4380 NW 128TH STREET | OPA LOCKA, FL
$5,000,000
19,481 SF
$256
● Sold for $150K over asking price!
● Record breaking PSF of $256 in this submarket
● Sold to local owner/user
● +/- 19,481 SF freestanding warehouse
● Fully A/C & completely renovated
● Total of four loading doors | 16' clear
● Fully gated | 3 phase power
Joel Kattan
joel@svncr.com
954.448.8531
Anthony Peragine
anthony@svncr.com
786.643.0416
SVN | COMMERCIAL REALTY

Lease Value
Lease Terms
Size
INDUSTRIAL | 9950 NW 116TH WAY | MEDLEY, FL
$1,559,900
5 years
3,000 SF
1 acre
● Completely renovated +/- 3,000 SF warehouse
on 1 AC in medley
● Leased long term to Crown Castle, a
communications infrastructure provider with a
presence in every major U.S. market
● Company owns and operates more than
40,000 cell phone towers and roughly 85,000
miles of fiber nationwide
● Crown Castle has a market cap of $49.39B as of
January 2024
Joel Kattan
joel@svncr.com
954.448.8531
Anthony Peragine
anthony@svncr.com
786.643.0416
SVN | COMMERCIAL REALTY

Sale Price
Size
Price/Acre
LAND | 0 MCRAE HWY | EASTMAN, GA
$1,850,000
756.23 acres
$2,446
● Timberland investment
● Excellent hunting/recreational opportunities
● Internal road system for easy access
Todd Davis
todd.davis@svn.com
229.349.3884
Tom Tuggle
tom.tuggle@svn.com
478.297.5471
SVN | SAUNDERS RALSTON
DANTZLER

Sale Price
Size
Price/SF
INDUSTRIAL | 6645 N 58TH AVE | GLENDALE, AZ
$1,600,000
21,000 SF
$76
Jonathan Levy
jonathan.levy@svn.com
480.425.5538
Elijah Stephens
elijah.stephens@svn.com
480.425.5513
SVN | DESERT COMMERCIAL
ADVISORS
● 1031 exchange buyer
● 13 day total escrow
● Value add multi tenant industrial w/ ±40% vacancy

Sale Price
Size
Price/SF
Cap
RETAIL | 2829 W 11TH AVENUE | EUGENE, OR
$1,459,999
3,495 SF
$418
● Signalized intersection
● Net leased
● Key Bank
● 3.5 from University of Oregon
Curt Arthur, SIOR
curt.arthur@svn.com
503.588.0400
SVN | COMMERCIAL ADVISORS,
LLC
$98,746 NOI

Lease Value
Lease Terms
Size
OFFICE | 250 NEWPORT CENTER DR STE 104 | NEWPORT BEACH, CA
$1,121,488
10 years
1,476 SF
● 10-year lease for a dental office in Newport
Beach Fashion Island at the Design Center
● Anticipated opening Q-2 2024
● $5.50 PSF on 1,476 SF space
● $50,000 TI contribution by landlord
● 6 months free rent for the buildout period
Tricia McCarroll
02038733
tricia.mccarroll@svn.com
649.929.7583
SVN | VANGUARD

Sale Price
Size
Price/Acre
LAND | 14310 AND 14314 OLD HENRY ROAD | LOUISVILLE, KY
$1,050,000
4.15 acres
$253,012
Anthony Piagentini
anthony.piagentini@svn.com
502.909.4415
SVN | MENISH COMMERCIAL
REAL ESTATE
● Local business owner expanding to 3rd location
● CUP obtained to operate high-end kennel on
residentially zoned land
● Located in a rapidly expanding area of the city
● Surrounded by new and existing residential
development

Sale Price
Size
Price/Acre
LAND | 0 US HIGHWAY 27 | DAVENPORT, FL
$1,050,000
1.46 acres
$719,178
● Located at the key intersection of US 27 and
Ronald Reagan Parkway
● Near I-4 and the back entrance to Champions
Gate
● US 27 corridor is undergoing significant growth
in residential population
Gary Ralston, CCIM, SIOR,
CRE, CPM, CRRP, FRICS
gary.ralston@svn.com
649.929.7583
DANTZLER

F E A T U R E D INVENTORY

F I N A N C I A L S U M M A R Y
F E A T U R E D
I N V E N T O R Y
F I N A N C I A L
S U M M A R Y
B U Y - S I D E
C O M M I S S I O N
$1,012,583+
$56,876,104+

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 1300-1310 FALAHEE RD | JACKSON, MI
$20,000,000
$120,000
764,000 SF
● Multi-tenant industrial with additional industrial
development potential
● 764,000 sq ft multi industrial comprised of 26 tenants
● Tremendous upside to raise existing below market
income property
● Located less than 1 mile from Hwy 127
● Less than 30 minutes west of Ann Arbor
$26
Harry Cohn
harry.cohn@svn.com
248.818.0010
SVN | COHN COMMERCIAL
PROPERTIES
6.78%
SVN | STEWART COMMERCIAL
GROUP, LLC
Dan Stewart
dan.stewart@svn.com
734.585.0995 x 1002
Julie Ann Gabriel
julieann.gabriel@svn.com
734.585.0995 x 1001

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL | 2121 W OAKLAND PARK BLVD | OAKLAND PARK, FL
$8,250,000
$123,750
31,868 SF
● Dollar General anchor with immediate upside in rental
income
● Strategic location at signalized intersection, 76,000 daily
traffic count
● Proximity to major retailers, developments, and a
growing Culinary Arts District
● Fully leased multi-tenant retail plaza with diverse
service-oriented tenants
● Exceptional accessibility with two access points on
major East-West Corridor
$259
Elon Gerberg
elon.gerberg@svn.com
561.485.1129
Adam H. Klein
adam.klein@svn.com
561.282.9296
Cleveland Sainpreux
cleveland.sainpreux@svn.com
561.485.1655
SVN | COMMERCIAL PARTNERS
Year 3: 8.13%

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL | 2905-2931 NE 6TH AVE | WILTON MANORS, FL
$3,900,000
$117,000
11,950 SF
● Strategic location: Located at gateway to pristine
Wilton Manors, just south of Oakland Park Blvd, a
major corridor in Broward County and exit point for
Interstate-95
● Lucrative potential: Current rents at average of
$19/square foot is 66% below rents being achieved at
neighboring "BLYS," providing immediate upside for
investors
● Momentum from neighboring development
$326
Elon Gerberg
elon.gerberg@svn.com
561.485.1129
Adam H. Klein
adam.klein@svn.com
561.282.9296
Cleveland Sainpreux
cleveland.sainpreux@svn.com
561.485.1655
SVN | COMMERCIAL PARTNERS
Year 3: 8.92%

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 3715 DRANE FIELD RD | LAKELAND, FL
$5,000,000
$125,000
18,450 SF
● Lakeland Airport Class A Flex Sale Leaseback
● Seller will commit to a 10-year lease
● Adjacent to the Lakeland Linder Airport, within one of
the county's strongest industrial submarkets
● The buildout is a tasteful combination of office,
warehouse, and a state of the art fitness area
● 9 grade level doors
● 60 parking spaces
● Reinforced concrete construction
$271
David Hungerford, CCIM
david.hungerford@svn.com
863.660.3138
DANTZLER
6.27%

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 1575 LAKE ST | ELMIRA, NY
$3,995,000
$79,900
255,000 SF
● Offering 255,000 square feet within a sprawling 12.16-
acre property
● Prime Elmira Location: In the heart of Elmira, NY
● 2-miles to the I86 Interchange
● Equipped with 3-phase electric
● Boasts a multitude of elevated loading docks for
streamlined operations
● Additional Warehousing: Includes 2 outparcel
warehouses, totaling 25,000 square feet with lofty 13-
foot ceilings
$16
Coty Lunn
coty.lunn@svn.com
607.481.5660
Scott Warren
scott.warren@svn.com
607.621.0439
SVN | INNOVATIVE COMMERCIAL
ADVISORS
Year 3: 8.13%

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL | 4009 HENDERSON BOULEVARD | TAMPA, FL
$3,150,000
$94,500
8,230 SF
● 100% occupied
● Zoned Commercial General
● 32 parking spaces
● Located in Hot South Tampa market
Liz Menendez
liz.menendez@svn.com
727.409.0101
DANTZLER
$383
5.10%

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
SINGLE TENANT INVESTMENT | 651 ROLAND ST | SALISBURY, MD
$2,900,000
$87,000
20,204 SF
● New 5 year lease
● Established tenant with proven track record (Napa
Auto Parts)
● National credit tenant
● NOI = $232,649
● Two parcels combined for .86 acres
$144
John McClellan, CCIM,
SIOR
john.mcclellan@svn.com
410.543.2428
Kelly Jeter
kelly.jeter@svn.com
410.543.2440
SVN | MILLER COMMERCIAL
REAL ESTATE
8.02%
Additional Napa Auto
Parts Store available:
1238 Ocean Hwy
Pocomoke City, MD
$975,000
5 year lease
6,300 SF Building

Price
Buy Side Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
HOSPITALITY | 16020 LINDA LANE | MONTGOMERY, TX
$2,600,000
$78,000
5,664 SF
6 acres
● Bride and grooms quarters
● Outdoor patio
● Unique custom wood lodge style building
● Comes with tables, chairs, etc
● Outdoor ceremony area with flower arch
$67
Brigham Hedges
brigham.hedges@svn.com
936.522.6972
SVN | J. BEARD REAL ESTATE -
GREATER HOUSTON

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
SINGLE TENANT INVESTMENT | 1645 INDUSTRIAL PARKWAY SOUTH |
BRUNSWICK, OH
$2,500,000
$50,000
24,000 SF
● 10 year corporate backed lease
● 14 years at the location so far
● Three acres of highly valued industrial land available for
expansion
● Site supports 36,000 SF expansion, for a total of 60,000
SF in the future
● Local industrial market maintains extremely low
vacancy rates YOY
● Local industrial market has high barriers to entry with
very few purchase opportunities YOY
$104
Tyler Robin
tyler.robin@svn.com
330.591.7974
Jerry Fiume, SIOR,
CCIM
jerry.fiume@svn.com
330.416.0501
SVN | SUMMIT COMMERCIAL
REAL ESTATE ADVISORS
7.03%

Price
Buy Side Fee
Size
Price/SF
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 1025 INDUSTRY ROAD | HARRODSBURG, KY
$1,500,000
$45,000
22,500 SF
● 22,500 sf industrial warehouse
● Fully climate controlled
● Potential expansion and future development on
7.75 acres
● 1 dock door with leveler
● Close proximity to US 127, Bluegrass Parkway, I-65,
and I-64/I-75 3
● Large paved surface parking lot great for parking
or outside storage
● Perfect for light manufacturing, distribution,
and/or storage
$67
Gabe Measner
gabe.measner@svn.com
859.630.7106
Justin Ryder
justin.ryder@svn.com
859.447.3285
SVN | STONE COMMERCIAL REAL
ESTATE

Price
Buy Side Fee
Size
Price/SF
Cap
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL | 205 YARID STREET | SENECA, SC
$1,331,104
$39,933
9,026 SF
● Greenville CSA
● Dollar General RELO
● Seneca SC credit rated, corporate guarantee
triple net lease (NNN) with zero landlord
responsibilities
● Expiration date initial lease term 8/31/2033
● Renewal options: five (5), five (5) yr options with
10% increases upgraded brick construction
● NOI: $89,184
Frank Efird
frank.efird@svn.com
910.200.0037
SVN | EFIRD COMMERCIAL REAL
ESTATE
$147
SVN | PEACE & COMPANY
Chris Marek
chris.marek@svn.com
843.936.1116
6.7%

Lease Rate
Lease Terms
Tenant Rep Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
RETAIL | 10259 S WESTERN AVE | CHICAGO, IL
$225,000/yr (NNN)
Negotiable
50%
● Corner with traffic light
● High traffic
● Affluent neighborhood
● 255 feet of frontage on Western Ave
Jose Colon
jose.colon@svn.com
312.315.9991
Wayne Caplan
wayne.caplan@svn.com
773.793.7294
SVN | CHICAGO COMMERCIAL
37,000 SF

Lease Rate
Lease Terms
Tenant Rep Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
INDUSTRIAL | 13860 STOWE DRIVE | POWAY, CA
$1.55-1.65/+nets
5-7 years
Negotiable
● Property can be used for manufacturing, production
of food products, assembly plant, distribution center,
shared kitchen concept and many more options
● 3 grade doors, 1 dock high, 24' clear height
● Strategically located near major freeways, highways
and roads for easy accessibility
22,090 SF
Nadeem Haddad
01394574
nadeem.haddad@svn.com
619.453.0954
SVN | VANGUARD

Price
Tenant Rep Fee
Size
PROPERTY DETAILS PROPERTY HIGHLIGHTS
OFFICE | VIVA CENTER | HOUSTON, TX
Subject to Offer
4%
579,600 RSF
Office
1.300,000 SF
Industrial
● Amenity-loaded: Conference facility, fitness center, outdoor
pavilion, full-service cafeteria, 6K pkg spaces, climate-
controlled skywalks
● Unrivaled infrastructure: Redundant power via 2 grids,
dedicated substation, 200MW, 14K tons of chilled water, 6
fiber rings, pneumatics connected to 200+ labs
● Manufacturing buildings feature immersion cooling, 30’
clear heights, IWP water treatment and a mechanical lab
● Hike & bike trails connected to the 80-acre Kickerillo-
Mischer Preserve
Brandi Sikes
brandi.sikes@svn.com
281.367.2220 x 171
SVN | J. BEARD REAL ESTATE -
GREATER HOUSTON

Price
Buy Side Fee
Size
PROPERTY DETAILS
PROPERTY HIGHLIGHTS
LAND | 1401 W | SPRINGVILLE, UT
Unpriced
1.5%
29.5 acres
● Near highway entrance
● Master planned
● Multifamily or cottage lot development
Hayden Houston
hayden.houston@svn.com
512.962.0316
SVN | ALTA COMMERCIAL
$383
5.10%

E V E N T S
E V E N T S
& W E B I N A R S
WEDNESDAY
FEBRUARY 7
HOSPITALITY PRODUCT
COUNCIL MEETING
3:00 PM EST | 12:00 PM PT
February 5-10, 2024

F O R J O I N I N G U S
T H A N K
Y O U

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.

SVN Live 2.5.24 Weekly Property Broadcast

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SVN Live 2.5.24 Weekly Property Broadcast