Svn Live 3-27-2017 Weekly Property Broadcast

© 2017 SVN International Corp.

WEEKLY PROPERTY BROADCAST

MARCH 27, 2017

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ECONOMIC TALKING POINTS

Private, institutional real estate investment returns close to 8% for 2016• According to NCREIF, its main index (NPI) returned 7.97%

for 2016 and 1.73% for the 4 h quarter; the annual return consisted of a 4.74% income return and a 3.10% appreciation return; the 4th quarter return was broken out as 1.14% income and 0.59% appreciation.

• Overall, returns are slowing from past years (average for last five years was 10.92%) as appreciation slows as prices indicate a mature cycle; growth in 2017 is largely expected to be driven by increases in fundamental demand driven by the economy and less by capital markets influencing cap rates.

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• CoStar states that their equally-weighted and value-weighted US commercial price indices rose by 6.6%and 6.8% respectively in 2016; however, both dropped by 1.3% in December ’16.

• Given the recent rise in interest rates, there remains open questions of what will happen to cap rates and prices in 2017; at present, it is still too early to tell. CoStar does note shifting demand from major markets to secondary markets, this trend should continue in 2017 regardless of interest rate forces.

CoStar reports nearly 7% growth in commercial real estate prices in 2016

ECONOMIC TALKING POINTS


RECENTLY CLOSED DEALS

Sale Price $

Size

$ /Acre $

Cap

*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE

PROPERTY HIGHLIGHTSPROPERTY DETAILS


SINGLE TENANT | 3335 ULMERTON ROAD | CLEARWATER, FL

SVN | Asset Advisory Group

CHRIS [email protected]

2,460,317

4.8%

3,100,000

1.26 Acres

• Corporate lease guarantee• Absolute NNN ground lease • 14 years on term

Sale Price $

Size

$ /SF $

Cap




MEDICAL OFFICE | 4101 PIONEER PARKWAY | WEST VALLEY CITY, UT

SVN | Rich Investment Real Estate Partners

JOSH [email protected]

602.64

5.73%

5,828,705

9,672 SF

• Brand new 15 year lease• Salt Lake City MSA• 2016 construction• Located on hospital campus

JEFF [email protected]

CHET [email protected]

SVN | ALTA Commercial Advisors

Sale Price $

Size

$ /SF $

Cap




SVN | Net Lease Texas

GLEN [email protected]

412.07

5%

18,320,820

44,460 SF

• 3 Walgreen’s- Dallas, Fort Worth and Austin, Texas• Achieved 5% cap rate on all 3 Walgreen’s• 1031 exchange buyer from Florida• Co-broker with a national firm

SINGLE TENANT | WALGREEN’S PORTFOLIO | TEXAS


FEATURED INVENTORY

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FEATURED INVENTORY$66,819,807

BUY-SIDE COMMISSION$1,311,327

FEATURED INVENTORY FINANCIAL SUMMARY

Price $

Buy Side Fee $

Size

$ /SF $

Cap




OFFICE | 1015-1095 25TH STREET SE | SALEM, OR

SVN | Commercial Advisors

TOM [email protected]

13,972 SF

142.07

1,985,000

49,625

7.7%

• Two office buildings at Thousand Oaks Square• 1095 25th Street:

• 2 story building with recent exterior retrofit• Undergoing upgrades to lobby and restrooms• Located near I-5 and one block from retail development• Scarcity of office buildings in area; vacancy rate 7%

• 1015 25th Street:• Newer 3,957 SF medical dental building built in 2011• Covered parking 1st floor; improved 2nd floor space• High end fit and fixtures throughout• 5 exam rooms, 1 procedure room, 4 offices, reception and break room

CURT [email protected]

Price $

Buy Side Fee $

Size

$ /Acre $

Cap




INDUSTRIAL | 4900 E. LOOP 820 SOUTH | FORT WORTH, TX

SVN | Dunn Commercial

DAVID [email protected]

1.93 Acres

1,450,777

2,800,000

84,000

7%

• I-820 and US-287 accessibility/ visibility• 10 year lease back with 3% biennial rent increases• 32 minutes to DFW Airport• Three Class A industrial buildings totaling 14,620 SF• Built in 1993 and expanded in 2016

MICHAEL [email protected]

Price $

Buy Side Fee $

Size

$ /Acre $




LAND | 1904 RANKIN HIGHWAY | MIDLAND, TX

SVN | Meek & Associates

BOB [email protected]

5.6 Acres

517,857

2,900,000

87,000

• Located across the interstate from Super Wal-Mart• Located on frontage road for Interstate I-20• Many retail buildings within 2 miles• Active pipeline through property• Cannot build a building on top of pipeline, but can

build a parking lot

Price $

Buy Side Fee $

Size

$ /SF $

Cap




RESTAURANT | NNN LEASED APPLEBEE’S | STRUGIS, MI

SVN | Hallmark & Associates

WES [email protected]

4,287 SF

708.19

3,036,000

60,720

6%

• 11 years left on primary term plus four 5 year options with 10% increase each

• Absolute net lease• 10% rent increase in year 6• Outparcel to Wal-Mart and Meijers Supermarket on

primary retail corridor• 160 unit franchisor

PETER [email protected]

SVN | Silveri Co.

Price $

Buy Side Fee $

Size

$ /Acre $




LAND | 4870 NC HIGHWAY 87 | SANFORD, NC

SVN | HPW Commercial

BRYAN [email protected]

133 Acres

26,315.79

3,500,000

105,000

• Beautiful 133 acre lot inside Sanford city limits• 1,295 linear feet of Hwy 87 frontage• Sewer and water available• Across from Carolina Trace Country Club• Commercial available in the front• Single and multi-family in the back portion• Minutes from big box retail

SANJAY [email protected]

Price $

Buy Side Fee $

Size

$ /SF $

Cap




MULTIFAMILY | 401 EAST BROOKLAND PARK BLVD | RICHMOND, VA

SVN | Motleys

SETH [email protected]

38,158 SF

110.07

4,200,000

105,000

7.24%

• 54 unit apartment portfolio

• 95% occupied

• Turn-key investment; major capital improvements within last 2 years

• Easy access to shopping, restaurants, public transit and Interstate 95/64/195

• Located minutes from downtown Richmond, Scott’s Addition, the “Fan”, VCU, University of Richmond, and Virginia Union University

• Rents are below market average- 8.14% cap if using market rent

TIM [email protected]

Price $

Buy Side Fee $

Size

$ /Unit $

Cap




SVN | Pacific Commercial Advisors

KEVIN CHIN, CCIMBRE #[email protected]

56 Units

80,358

4,500,000

112,500

6.3%

• 20% below market rents• Average tenancy 6.5 years• Central heat and air• Individual hot water/ gas• Trust sale- court confirmation required

WALTER HELMBRE #[email protected]

MULTIFAMILY | 10430 COLOMA ROAD | RANCHO CORDOVA, CA

Price $

Buy Side Fee $

Size

$ /Unit $

Cap




MULTIFAMILY | 7474 LA MANCHA WAY | SACRAMENTO, CA

SVN | Pacific Commercial Advisors

KEVIN CHIN, CCIMBRE #[email protected]

94 Units

95,745

9,000,000

225,000

6.2%

• Below market rents• Gated community• Washer/dryer hookups in all units• Fitness Center & Spa• Trust sale- court confirmation required

WALTER HELMBRE #[email protected]

Price $

Buy Side Fee $

Size

$ /SF $

Cap




MULTIFAMILY | 1241 NE 6TH STREET | GRESHAM, OR

SVN | Imbrie Realty LLC

CARSON [email protected]

28,549 SF

224.18

6,400,000

160,000

10.7%

• New construction• Near other new construction• Close proximity to hospitals and care• Scheduled completion in May 2017

HUGH [email protected]

Price $

Buy Side Fee $

Size

$ /SF $

Cap




RETAIL | 1015 BRIDGE STREET | COLUSA, CA

SVN | Ellwanger Team

DON ELLWANGERBRE #[email protected]

40,315 SF

186

7,498,807

112,482

7.1%

• National credit tenants include AutoZone, State of California, Quest Diagnostics, Cricket and Subway

• New roof and solar panels being installed• Shadow anchored by SavMor and RiteAid

Price $

Buy Side Fee $

Size

$ /SF $

Cap




SFR PORTFOLIO | 6402 N. EL MIRAGE ROAD | LITCHFIELD PARK, AZ

SVN | RealStar Advisors

JEFF [email protected]

Avg. 1,815 SF

186

21,000,000

210,000

5.5- 7%

• Hottest west Phoenix metro-plex residential growth area

• Close to parks, schools, retail and several employment core areas, north of I-10

• (80) SFR- three or four bedroom, 2.5 bath new build home portfolio sale with quality, experienced and established homebuilder

• Merchant build opportunity; forward commitment to purchase for resale or rental

• Eliminate or reduce initial years capital expenditure with these new build rental homes

MICHAEL [email protected]

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SVN @ INDUSTRY TRADESHOWS

2017 SIOR Spring World ConferenceApril 26-29, 2017 | New Orleans, LA

Be sure to stop by and visit us at the SVN Booth (booth# TBD) at one of SIOR’s most important

events of the year!

RECon 2017May 21-24, 2017 | Las Vegas, NV

SVN will be at 2017 RECon!Visit us at Booth #C162F.

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MARCH 27 - MARCH 31, 2017

EVENTS & WEBINARS

Thursday, March 30th

MULTIFAMILY Council Meeting9:00 am PT / 12:00 pm ET

SELF STORAGE Council Meeting10:30 am PT / 1:30 pm ET

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SVN Operations Summit

SAVE THE DATE

The SVN Operations Summit is a fantastic opportunity for all SVN Operations,

Administrative and Marketing staff to acquire more advanced knowledge and

skills within the SVN system.

July 31 – August 1, 2017 | Chicago, IL

Registration is now open and space is limited!Check the Dashboard for more information.

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Please visit www.svn.com for more information on the properties featured on today’s call and

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Svn Live 3-27-2017 Weekly Property Broadcast

Real Estate

Transcript of Svn Live 3-27-2017 Weekly Property Broadcast