SVN Live 12.11.2017 Weekly Property Broadcast
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WEEKLY PROPERTY BROADCAST December 11, 2017
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Transcript of SVN Live 12.11.2017 Weekly Property Broadcast
WEEKLY PROPERTY BROADCAST
December 11, 2017
www.svn.com
PAGE |
© 2017 SVN International Corp.
WELCOME NEW SVN ADVISORS
ADVISOR SVN FRANCHISE AND LOCATION
Christopher Leone SVN | Realty Advisors, Newport Beach, CA
Lance Krachey SVN | Rich Investment Real Estate Partners , Los Angeles, CA
Peter Walshe SVN | Vanguard, Santa Ana, CA
Angela Soberanes SVN | Vanguard, Santa Ana, CA
Tiem Tran SVN | Vanguard, Santa Ana, CA
Jeff Jamison SVN | Commercial Advisory Group, Sarasota, FL
David Makowski SVN | AuctionWorks, Northbrook, IL
Jeff Beal SVN | Stewart Commercial Group, LLC , Ann Arbor MI
John Fletcher SVN |Commercial Realty, Buffalo, NY
Alexander Blum SVN | Stora Realty, New York, NY
Tolu Fasan SVN | Stora Realty, New York, NY
Catherine Capasso SVN | Commercial Real Estate Advisors, Charlotte, NC
David Slezak SVN | Ahia Commercial Real Estate, Langhorne, PA
www.svn.com
PAGE |
© 2017 SVN International Corp.
WELCOME NEW SVN ADVISORS
ADVISOR SVN FRANCHISE AND LOCATION
Bill Buchanan SVN | OAK Realty Advisors, Tulsa, OK
Carl Quist SVN | OAK Realty Advisors, Tulsa, OK
Max Heidenreich SVN | OAK Realty Advisors, Tulsa, OK
Pamela Avison SVN | OAK Realty Advisors, Tulsa, OK
Susan Davis SVN | OAK Realty Advisors, Tulsa, OK
Terry Lazar SVN | OAK Realty Advisors, Tulsa, OK
Mike Briseno SVN | Dunn Commercial, Arlington, TX
Telless Cade SVN | Dunn Commercial, Arlington, TX
www.svn.com
PAGE |
© 2017 SVN International Corp.
ECONOMIC TALKING POINTS
Opportunities growing in workforce housing according to GlobeSt.com
• A recent GlobeSt.com article discussed HUD data that showed only 65 affordable units exist for every 100 low-income renters in the country. This is a supply/demand gap that is only expected to widen.
• GlobeSt.com indicates that many start-ups and crowdfunding ventures are targeting this market using social investing as the pitch. Meaning, investors voluntarily accept lower returns because of the positive impact on the community the deal will have.
www.svn.com
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© 2017 SVN International Corp.
ECONOMIC TALKING POINTS
Localized climate change reduction plans could impact commercial real estate
• According to GlobeSt.com, many local governments (such as NYC’s Bill de Blasio) are considering enacting policies designed to reduce local impacts on climate change. The bulk are typically energy use reduction polices and programs that might include new regulations for commercial property owners.
• Landlords should pay special attention to local policy debates as they could be directly impacted.
© 2017 SVN International Corp.
CLOSED DEALS
Sale Price $
Size
Price /SF $
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
41
25,600 SF
JAMES [email protected]
• Vacant user building
• Property was under contract twice with same buyer
• Listed with bank trust department
SVN | Trinity Advisors
1,050,000
IND USTRIAL | 5955 EDEN DRI VE | HALTOM CI TY, TX
CARL [email protected]
Sale Price $
No. of Units
Price /Unit $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
23 Units
MULTIFAMILY | 509 NORTH 35 T H STREET | RI CHMOND, VA
• 23-Unit, two story apartment complex
• Price/Unit: $56,521
• NOI: $106,916
• Occupancy: 90% +
• Property is located in highly desirable Church Hill
SVN | Motleys
8.22%
1,300,000
56,521
RICHARD [email protected]
Sale Price $
Size
Price /SF $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
169.05
9,200 SF
• Newly constructed 9200 SF building
• Home of a national retailer
• Bought by a local family partnership
• Located in an area where there is an increase of development and retail
SVN | Tideland Commercial
1,555,275
RETA IL | 6485 HI G HWAY 378 | CONWAY, S C
6.3%
Sale Price $
Size
Price /SF $
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
32.50
60,000 SF
• Sovereign seller
• Quick close
• Repeat client
• Below market PSF
• SVN Chicago hired to do the leasing
SVN | Chicago Commercial
1,950,000
IND USTRIAL | 909 E ORCHARD | MUNDELEI N, I L
MICHAEL RUDMANBRE #475.111389
.
JOHN GUILLBRE #457.153493
JOHN MCDERMOTTBRE#475.172622
Sale Price $
Size
Price /SF $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
121
16,530 SF
CARL W. LENTZ IV, MBA, CCIMBRE #3068067
• 100% leased office building with 6 tenants
• Close to speedway, I-95, Volusia Mall and airport
• Within 1/2 mile to One Daytona project
• One mile to LPGA corridor
SVN | Alliance
2,000,000
OFFICE | 1825 B USI NESS PARK B LVD | DAYTONA B EACH, FL
8%
Sale Price $
Size
Price /SF $
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
27,228 SF
IND USTRIAL | 3195 N POWERLI NE ROAD | POMPANO B EACH, FL
SVN | Commercial Realty
2,400,000
88.15
STEVE [email protected]
• Flex building – includes 8,884 SF of 2nd floor office area
• Sold property 3 years ago to seller via short sale - $1,720,000
• 96% leased to 6 tenants within 6 months
• Sold to owner/user for $2.4 million
• Buyer plans to occupy building as the leases expire
KEITH [email protected]
Sale Price $
Size
Price /SF $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
204.89
12,680 SF
DON ELLWANGER BRE #01008217
• Neighborhood retail center
• Long time tenants
• Pride of ownership
• Buyer came from a cold call
SVN | Don Ellwanger
2,598,000
RETAIL | 3270 - 3290 NORTHG ATE B LVD | SACRAMENTO, CA
7.8%
Sale Price $
No. of Units
Price /Unit $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
8 Units
MULTIFAMILY | 900 S ORANG E G ROVE AVENUE | LOS ANG ELES, CA
FORD TIMBERLAKE BRE #01964112
• Excellent Miracle Mile location
• First time on market in over 30 years
• Closed at nearly $400,000 per unit
• All one bedroom units and no parking
SVN | Rich Investment Real Estate Partners
416.67
3,050,000
381,250
ROB ZAHARIABRE #01404426
Sale Price $
Size
Price /SF $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
50,000 SF
IND USTRIAL | 3580 NW 54 t h STREET | MI AMI , FL
JOEL [email protected]
SVN | Commercial
3,550,000
71
ANTHONY [email protected]
• 11 Bays +/- 50,000 SF Warehouse
• Situated on +/- 1.58 AC Lot
• Fully leased at time of sale
• Seller built property 62 years ago
• Listed to Closed in less than 45 days
• Sold to local investor 7.5%
Sale Price $
Size
Price /SF $
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
116,000 SF
RETAIL | 1550 - 1560 LAKEVI EW AVENUE | SEB RI NG , FL
ROBERT [email protected]
SVN | Florida
3,900,000
33.62
ASHLEY [email protected]
J. CHRIS [email protected]
• Anchored by Sav-A-Lot and Dollar General
• Listed to Close in 90 days
• 34% vacancy - huge upside opportunity
• SVN Florida collaboration at its best
• Rob Hamman represented the Seller
• Ashley Bloom and Chris Malkin represented the Buyer
Sale Price $
No of Units
Price /Unit $
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
CODY [email protected]
• 91% HAP Contract
• Sold to an experienced affordable owner/operator
• Navigated thru numerous new and old HUD guidelines
• 22nd affordable transaction in Iowa - 5th this year
SVN | Chicago Commercial
5,000,000
MULTIFAMILY | 3290 HI LLCREST ROAD | DUB UQUE, I A
REID BENNETT, [email protected]
46,296
108
Sale Price $
Size
Price /SF $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
128.26
212,451 TOTAL SF
GABRIEL SILVERSTEIN, [email protected]
• 11-property industrial sale and leaseback portfolio located throughout Texas and Florida
• Tenant was a private, heavy equipment rental company that was looking to fuel future growth via the sale and leaseback
• The closing was in three phases to accommodate the buildout of two of the 11 locations
• We represented the buyer in the transaction, who was a public-REIT specializing in sale and lease/back transactions to small and medium sized companies
SVN | Angelic
27,250,000
IND USTRIAL P ORTFOLIO | FLORI DA & TEXAS
LOUIS D’LANDO, [email protected]
7.35%
© 2017 SVN International Corp.
FEATURED INVENTORY
www.svn.com
PAGE |
© 2017 SVN International Corp.
FEATURED INVENTORY: $38,252,615
BUY-SIDE COMMISSION: $911,633
FEATURED INVENTORY FINANCIAL SUMMARY
List Price $
Buy Side Fee
Size
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
1.25%
RETAIL | 7000 STATE ROUTE 179 | SEDONA , AZ
PATRICK [email protected]
• Premier destination retail location in major tourism market; 3 million+ visitors per year
• Irreplaceable real estate with high barriers to entry• Fronts Hilton Sedona Resort and adjacent to Sedona golf resort• Value-add for experienced retail operator• Less than 2.2 % vacancy in the Sedona retail market• Incredible views of the red rocks of Arizona• Stabilized NOI: $775,000
SVN | Desert Commercial Advisors
Subject to Offer
54,068 SF
PERRY [email protected]
List Price $
Buy Side Fee $
Size
Price /SF $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
32,850
S ING LE TENANT | 922 B OROS DRI VE | HOUSTON, TX
• Rare opportunity to acquire investment property in one of Houston's most sought-after residential communities.
• Long history of double-digit annual property appreciation rate.
• Attractive and low-risk cash flow from rental income.
• Annual unleveraged ROI in excess of 20% over the past 5 years.
• Stays 100% occupied. Easy to manage.
• Excellent 1031 Exchange supplementary property.
349.40
1,095,000
3,134 SF
TONY [email protected]
SVN | AVR Commercial Real Estate Services
2%
List Price $
Buy Side Fee
Size
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
3%
LAND | 6330 WOOSTER P I KE ROAD | MEDI NA , OH
MAX STRAUS [email protected]. 807.9854
• One of the fastest growing areas in the State of Ohio
• Located 40 minutes from Cleveland and 30 minutes from Akron
• 77.17 Acres of land available for a master plan development
• Options include commercial, cluster homes, assisted living, and single family residential
• Great access to major interstates
SVN | Summit Commercial Real Estate Group, LLC
Subject to Offer
77.17 Acres
JERRY FIUME, SIOR, CCIM [email protected]
VICTOR VOINOVICH [email protected]
SVN | First Place Commercial Realty LLC
List Price $
Buy Side Fee $
Size
Price /Acre $
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
36,000
LAND | 8919 LAKE ROAD | MEDI NA , OH
JERRY FIUME, SIOR, CCIM [email protected]
• One of the fastest growing areas in the State of Ohio.• Interstate 76 & Interstate 71 Interchange.• Enormous development potential.• Tremendous highway service location.• Visit our drone video at https://youtu.be/VVW-6oLVev4.
SVN | Summit Commercial Real Estate Group, LLC
44,004
1,200,000
27.27 Acres
List Price $
Buy Side Fee $
Size
Price /Acre $
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
4.19 Acres
39,000
LAND | 9140 N 67 T H AVENUE | PEORI A , AZ
CARRICK SEARS, [email protected]
• 4.2 acre parcel with plans for 56 units• Site plan approved with city - general plan amendment completed• Design and zoning approved - ready for construction docs• Gated property - single story units, two story buildings• Each building has 4 units on 1st floor and 4 units on 2nd floor• Spacious 2 BR, 2 BA, 1,100 SF units with split floor plans and balconies• Washer/dryer in each unit
SVN | Desert Commercial Advisors
310,263
1,300,000
VICENTE [email protected]
List Price $
Buy Side Fee $
No. of Units
Price /Unit $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
16
44,000
MULTIFAMILY | 1010 S SMI TH ROAD | TEMPE, AZ
CARRICK SEARS, [email protected]
• Great Location - Close to ASU and Downtown Tempe• 16 low density single level duplex-style units• Individually metered• Major capital improvements in the last two years• All 2 BR / 1 BA units• Value-add opportunity with additional interior & exterior improvements• Rents under market
SVN | Desert Commercial Advisors
110,000
1,760,000
5.5%
VICENTE [email protected]
List Price $
Buy Side Fee $
Size
Price /Acre $
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
4.3 Acres
59,700
LA N D | 1526 W DESERT COVE | PHOENI X , AZ
CARRICK SEARS, [email protected]
• 4.3 acres in a rectangular shape• Mountain views • Quiet neighborhood • Lightrail just over 1 mile away• Development opportunity for a multifamily property• Current zoning allows for 95 units to be built
SVN | Desert Commercial Advisors
462,791
1,990,000
VICENTE [email protected]
List Price $
Buy Side Fee $
Size
Price /SF $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
29,298 SF
29,985
ALBERT LINDEMANBRE #471.015537
• Great hands-on investment property
• 12% cash on cash return
• Easily financed
• Solid long term tenants in building over 15 years
• Upside in leasing existing vacancy
SVN | Chicago Commercial
1,999,000
OFFICE | 3175 COMMERCI AL AVENUE | NORTHB ROOK, I L
MICHAEL RUDMANBRE #475.111389
JOHN GUILLBRE #457.153493
68.23
9.22%
List Price $
Buy Side Fee $
Size
Price /Acre $
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
149,850
LAND | PRI VATE I SLAND | B EL I ZE
BRETT [email protected]
• 42 acre island, with 15 acres of developable land
• Part of the longest barrier reef system in the Western Hemisphere
• Island surrounded by an abundance of healthy coral reef
• 30-45 minute boat ride to mainland resort areas
• Previously approved for construction of high-end, nature-based resort
SVN | Northco
118,929
4,995,000
42 Acres
FRANK [email protected]
List Price $
Buy Side Fee $
No. of Units
Price /Unit $
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% O F THE C O MMI S SI ON | 100% O F THE T I ME* | THE S V N DI F F ER ENC E
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
194,000
SFR P ORTFOLIO | 2512 MCCURDY TRAI L | CHARLOT TE, NC
MICHAEL [email protected]
• Year 1 Stabilized Cap Rate of 6.47% with Zero Cap Ex
• Stabilized Year 3 IRR of 37.10%
• Charlotte is the 3rd fastest growing city in the United States
• Homes are 3 & 4 BD/2.5 BA homes averaging 1,541 SF with quality finishes throughout
• Immediate access to arterial streets and freeways and large expanding Charlotte market place
• Located five miles from Downtown Charlotte and 6 miles from University of North Carolina
SVN | RealStar Advisors
129.77
19,400,000
6.47%
97 Units
JEFF [email protected]
© 2017 SVN International Corp.
SVN PRODUCT COUNCIL CALLS FOR THEWEEK OF DECEMBER 11 – DECEMBER 15, 2017
EVENTS & WEBINARS
TUESDAYDECEMBER 12
INSTITUTIONAL CAPITAL MARKETS
10:00am PT | 1:00pm ET
WEDNESDAYDECEMBER 13
MEDICAL OFFICE9:00am PT | 12:00pm ET
FRIDAYDECEMBER 15
SFR PORTFOLIO9:30am PT | 12:30pm ET
2 0 1 8 S V N A N N U A L C O N F E R E N C E | M A R C H 7 - 9 , 2 0 1 8 | N E W M E X I C O
We were so INSPIRED by the breathtaking views of the Sandia
mountains and the OUTSTANDING service provided by the resort staff
that we’ve arranged to have the ENTIRE PLACE all to ourselves.
That’s right! The ONLY GUESTS who will be staying at the Hyatt
Regency Tamaya Resort and Spa from March 7-9, 2018 are the
attendees of our 2018 Annual Conference.
So register today and book your room! This will be an event like no
other and one that is sure to INSPIRE .
EARLY BIRD
REGISTRATION
PRICING ENDS DEC. 31ST
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© 2017 SVN International Corp.
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