SVN Live 5.13.24 Weekly Property Broadcast

SVNIC 213 views 21 slides May 12, 2024
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About This Presentation

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.


Slide Content

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According to a recent Chandan Economics analysis of Zillow data, as a home price rally during the pandemic spurred massive rent growth across the nation, some markets have seen home prices grow more quickly than rents. The gap suggests several of these rental markets have room for growth in the years ahead. McAllen, TX; Charlotte, NC; Durham, NC; Raleigh, NC; and Seattle, WA were identified as the top five metros for rent growth opportunities. Each metro has experienced a 20% or more difference between the growth rates of its home values and observed rents over the past four years. Since 1985, rents and home prices across the 100 largest US metros have had a 96% correlation. Five Markets Where Rents Have Room to Grow

LAND | 130 MARCIA GROVE RD | LAKE PLACID, FL $3,250,000 323.701 acres 109 acres of grove 5,259 feet of frontage on SR70 Managers home and shop Two 10' wells with John Deere diesel engines $10,040 Daniel Lanier daniel.lanier @svn.com 863.698.2971 SVN | SAUNDERS RALSTON DANTZLER

RETAIL | 2734 W 111TH ST | CHICAGO, IL $2,440,000 17,921 SF Local Investor Desirable south side Chicago neighborhood High cap rate for market $136 Derek Gonsch derek.gonsch @svn.com 312.676.1864 José Colón jose.colon @svn.com 312.675.4334 SVN | CHICAGO COMMERCIAL 10.37 %

SINGLE TENANT INVESTMENT | 7715 MENTOR AVE | MENTOR, OH $2,050,000 2,225 SF SVN Summit Represented Buyer (1031 Exchange) New Lease with 9 Years Remaining (No Early Term Rights) Rare Starbucks Lease Structure: NNN Lease with No Daily Management Responsibilities New 2022 Construction, Oversized 0.76-Acre Lot w/ Latest Starbucks “Prototype Look” Soon be Outlot to New Publicly Traded Grocery Store $921 Nichole Booker, PhD nichole.booker @svn.com 330.475.5500 Aaron Davis aaron.davis @svn.com 330.221.7297 SVN | SUMMIT COMMERCIAL REAL ESTATE ADVISORS 5.74%

INDUSTRIAL | 3910-3914 E MCDOWELL RD | PHOENIX, AZ $1,725,000 8,255 SF Prime location on E McDowell Rd, across from QTS Data Center High visibility with prominent signage Private car storage with ample security Extra suite available for additional tenant $209 Justin Horwitz, SIOR justin.horwitz @svn.com 480.425.5518 Richard Lewis [email protected] 480.425.5536 Aaron Gutierrez [email protected] 480.4225.5517 Sean Alderman [email protected] 480.425.5520 SVN | DESERT COMMERCIAL ADVISORS

INDUSTRIAL | 9299 W OLIVE AVE #105-106 | PEORIA, AZ $1,275,000 6,210 SF Owner user transaction Buyer's first commercial transaction Historically low vacancy within complex $205 Jonathan Levy jonathan.levy @svn.com 480.425.5538 Elijah Stephens [email protected] 480.425.5513 SVN | DESERT COMMERCIAL ADVISORS

LAND | SOUTHEAST 768TH STREET | OLD TOWN, FL $1,120,000 320 acres 320-acre woodland tract with over 85 acres of planted pine and 235 acres of mature hardwoods Five minutes to the nearest public boat ramp on the Suwannee River 15 minutes to numerous state parks including Manatee Springs, Fanning Springs, and the 32-mile Nature Coast Equestrian and Bike Trail $3,500 John A. “Tony” Wallace, CF tony.wallace @svn.com 352.538.7356 SVN | SAUNDERS RALSTON DANTZLER 5.5%

SFR PORTFOLIO | MEGAN COURT | BLOOMINGTON, IL $1,100,000 4 units Newly built, fully rented 4-property SFR portfolio Each home featured over 1400 SF and 3 beds/ 2.5 baths. plus unfinished basement Core 3's residential division retained the property management of the portfolio $275,000 Carrie Tinucci-Troll carrie.troll @svn.com 309.590.7900 Mark Fetzer, CPM [email protected] 309.590.7900 SVN | CORE 3 5.5%

$788,825 $25,295,000

LAND | COUNTRY CLUB ROAD | WINTER HAVEN, FL $18,000,000 $540,000 71 acres Residential development PUD with up to 400 approved units Municipal utilities Outback Oasis amenity included $253,521 6.2% Todd Dantzler, CCIM todd.dantzler @svn.com 863.287.3586 SVN | SAUNDERS RALSTON DANTZLER

RETAIL | 380 N MAIN STREET | ALPHARETTA, GA $2,300,000 $46,000 5,100 SF Newly renovated for high-end Wellness Center Walking distance to downtown Alpharetta Two-buildings attached with walkway Seperate storage building 500 SF 17 parking spaces Seller will vacate with the right offer $451 6.2% Jaiden Dunham jaiden.dunham @svn.com 470.791.0734 Del Creviston del.creviston @svn.com 678.230.8541 SVN | CREVISTON REALTY

INDUSTRIAL | 3376 S FRASER ST (HWY 17 S) | GEORGETOWN, SC $1,900,000 $57,000 4.06 acres Georgetown SC MSA US Hwy 17 4 Acre Development Site 500 +/- feet from Pennyroyal Road signalized intersection Light Industrial Zoning 25 miles to Charleston County line 39 miles to Myrtle Beach International Airport (MYR) 60 miles to Charleston International Airport (CHS). Can be subdivided $467,980 6.2% Adam Hall adam.hall @svn.com 803.316.5040 SVN | PEACE & COMPANY Frank Efird Jr. [email protected] 910.200.0037 SVN | EFIRD COMMERCIAL REAL ESTATE

OTHER | 3941 COVERED BRIDGE | SMYRNA, GA $1,595,000 $55,825 10,400 SF 10,400 combined SF between 3 buildings 3 renovated units with private, fenced areas Playground and large outdoor space Across from Russell Elementary School Newly renovated in 2020 Zoned R-20 for retail or commercial use Located in the vibrant area of Smyrna Daycare approved for 180 children $153 6.2% Jacob Bower jacob.bower @svn.com 678.308.8742 SVN | CREVISTON REALTY

LAND | S WILBUR WRIGHT ROAD | STRAUGHN, IN $1,500,000 $90,000 54.87 acres Prime location at I-70 and S Wilbur Wright Road Interchange Spacious lot for potential development Proximity to key transportation routes Zoned for versatile land use Ideal for commercial, recreational or agricultural purposes Potential for future appreciation Suitable for a variety of investment strategies $27,337 6.2% Jeff Hines [email protected] 317.709.6000 SVN | NORTHERN COMMERCIAL

No events next week. See you in Miami! May 13-18 , 2024 TUESDAY MAY 14 INSTITUTIONAL CAPITAL MARKETS PRODUCT COUNCIL MEETING 1:00 P M EST | 10:00 AM PT WEDNESDAY MAY 15 LEASING PRODUCT COUNCIL CALL 11:30 AM EST | 8:30 AM PT