SVN Live 5.20.24 Weekly Property Broadcast

SVNIC 212 views 26 slides May 18, 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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A recent analysis by Reuters details how large funds are increasing their CRE market share as traditional lenders such as banks pull back. Stricter capital rules for banks and recent regional bank failures in the US have led to a retreat from traditional lenders in the real estate space, increasing demand for alternative lenders. Large firms such as PGIM, LaSalle and Nuveen, and Brookfield, among others, recently expressed their plans to increase their credit exposure to property markets as they bet on an end to the recent decline in real estate prices. Logistics, data centers, multifamily apartments, and high-end office properties are garnering the most attention from funds looking to expand their footprint. Large Funds Increase CRE Footprint

INDUSTRIAL | 415 LEY RD | FORT WAYNE, IN $2,500,000 25,200 SF Prime location, highly visible industrial building Strategic sublease moves added 54% in value for seller in less than 4 years Record breaking price per square foot for this market Successful closing despite appraisal coming in short Buyer is Owner/User willing to wait 2 years - when sublease expires - to occupy the building $99 Troy Reimschisel troy.reimschisel @svn.com 260.415.1150 SVN | PARKE GROUP 7.33%

INDUSTRIAL LEASE | 1600 E ORANGETHORPE AVE | FULLERTON, CA $2,391,024 59 months 2.15 acre paved and secure yard Leased - 59 month term Vehicle storage/impound P H Enterprises - Lessee Rexford Industrial - Lessor 93,654 SF Cameron Jones, SIOR cameron.jones @svn.com 714.240.7078 SVN | VANGUARD

OFFICE | 208 PAUL ST | ELBURN, IL $1,210,000 3,840 SF Office building with attached garage and fenced truck parking Purchased by a trucking company Short sale SVN | Landmark represented both side $315 Brian Lindgren brian.lindgren @svn.com 630.487.9433 SVN | LANDMARK

LAND | 3695 STOKES RD | FORT MEADE, FL $1,075,000 150 acres 120 acres high and dry land 10" well with diesel power unit Slopes to the west providing good air and water drainage $7,167 Richard Dempsey, ALC, CIPS r.dempsey @svn.com 863.581.1903 SVN | SAUNDERS RALSTON DANTZLER 5.37%

MIXED-USE INVESTMENT | 1310-1328 STATE STREET | SALEM, OR $1,045,000 9,252 SF Excellent investment w/upside potential with rents Historic vacancy near zero due to location 3 Miles from State Capitol $113 Curt Arthur, SIOR curt.arthur @svn.com 503.588.0400 Nick Williams, CCIM [email protected] 503.588.0400 SVN | COMMERCIAL ADVISORS 5.37 %

OFFICE | 350 ELAINE DR | LEXINGTON, KY $1,000,000 18,208 SF Buyer will occupy a portion of the property Buyer taking on deferred maintenance Great underlying real estate value $55 Wade Haga, CCIM wade.haga @svn.com 859.285.2202 SVN | STONE COMMERCIAL REAL ESTATE

$788,825 $20,295,000

OTHER | 200-204 BROADKILL ROAD | MILTON, DE $6,000,000 $120,000 19,712 SF excluding car wash Income producing property, offered at 7% cap rate Property includes self-storage facility, bustling car wash and fully occupied commercial building Economic occupancy opportunity for self-storage, with occupancy consistently hovering between 95-100% N/A 7% Meredith Mears meredith.mears @svn.com 443.944.4464 SVN | MILLER COMMERCIAL REAL ESTATE

INDUSTRIAL | 2051 SHERBROOK AVENUE | INDIANAPOLIS, IN $3,000,000 $90,000 41,932 SF Expansive industrial warehouse with many recent capital improvements Drive-ins | (1) 14' Drive-in door Loading docks | (3) 8'x10' & (2) 8'x9' loading docks (5 total) Clear height | 11' 2" - 15' 6" Power | 3-phase | 800 amp | 240/120V Lighting | New LED lighting throughout entire warehouse Fire protection | Property is fully sprinkled $72 7% Wade Wilson wade.wilson @svn.com 317.863.9271 Jess Lawhead, CCIM [email protected] 317.454.2241 SVN | NORTHERN COMMERCIAL

MIXED USE | 117 N HOWARD ST | SPOKANE, WA $2,500,000 $75,000 5,520 SF 1st floor: Street level retail restaurant suite, occupied by Soulful Soups (lease expires November 30, 2025) 2nd floor: Luxury Apartment/VRBO Suite 3rd floor: Luxury Apartment/VRBO Suite (currently owner occupied) Rooftop patio: Outdoor patio area with exterior access from 2nd/3rd floor All furniture can be included in sale 10 year property tax exemption through 2029 Seller financing available $453 7% Jordan Lester [email protected] 509.496.6922 Andrew Keef [email protected] 509.628.6678 SVN | CORNERSTONE

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

GOLF & RESORTS | 808 GOLF COURSE RD | RANTOUL, IL $1,850,000 $55,500 180 acres Existing NOI of $150,000 from existing operations Proximity to University of Illinois, and $30M Industrial Sports Complex recently developed Strategically positioned for growth Opportunity to create a standout destination course and expand event space, company outings Mowers, equipment, staff, everything needed to take over turn-key Golf course operations 8.1 % $10,278 Alex Ruggieri [email protected] 217.841.4382 Timothy Leyhe, MS [email protected] 217.493.0545 SVN | NORTH STAR

SINGLE TENANT INVESTMENT | 348 STATE HIGHWAY 121 | BETHANY, IL $1,450,000 $29,000 7,500 SF NNN Credit Tenant In initial term with option Corporate Guarantee lease $193 5.6% Noah Ruggieri noahruggieri @svn.com 217.367.1700 Alex Ruggieri alexruggieri @svn.com 217.841.4382 SVN | NORTH STAR

RESTAURANT | 309 N MARKET | MONTICELLO, IL $1,300,000 $39,000 5,000 SF Prime location Ample parking space High-traffic area $260 5.6% Alex Ruggieri [email protected] 217.841.4382 SVN | NORTH STAR

OFFICE | 18400 PEARL ROAD | STRONGSVILLE, OH $1,250,000 $37,500 9,460 SF High visibility with 9,340 daily traffic count Excellently maintained office building Desirable location for Office/Medical users 2 stories with first floor access at each level that has potential for customization or expansion to suit investor's needs Convenient access to major highways $132 7% Jerry Fiume, SIOR, CCIM jerry.fiume @svn.com 330.416.0501 Jordan Poreh jordan.poreh @svn.com 216.570.7201 SVN | SUMMIT COMMERCIAL REAL ESTATE ADVISORS

INDUSTRIAL LEASE | 26962 TRANSPORTATION DRIVE | GREELEY, CO $18/SF/YR (NNN) $39,000 3% Direct access to major major transportation routes including Highway US-34 Truck turnarounds built into development High traffic exposure and signage visibility Well kept and attractive business park Versatile industrial/warehouse/distribution potential 25,000-100,000 SF 5.6% Wesley Perry wesley.perry @svn.com 970.222.5572 Cobey Wess [email protected] 970.691.1140 Dan Leuschen [email protected] 970.219.7555 SVN | DENVER COMMERCIAL

LAND | US HIGHWAY 34 & COUNTY ROAD 49 | KERSEY, CO Negotiable 3% 74.07 acres Direct access to Highway 34 & County Road 49 High traffic exposure for enhanced visibility Versatile industrial/retail potential to meet diverse business needs Proximity to major transportation routes for efficient operations 25,000-100,000 SF 5.6% Wesley Perry [email protected] 970.222.5572 Dan Leuschen [email protected] 970.219.7555 SVN | DENVER COMMERCIAL

OFFICE | 18300 E 71ST AVE | DENVER, CO Undisclosed 2% 27,067 SF 100% occupied with 9 years of WALT Anchor tenant, U.S. Customs, has 20 years of term remaining (17 years firm) Niche property with amazing occupancy history due to limited office supply near the rapidly growing DIA $72 7% Jeff Heine jeff.heine @svn.com 303.937.4492 SVN | DENVER COMMERCIAL

May 20-25 , 2024 WEDNESDAY MAY 22 BEST PRACTICES WITH JOHN MCDERMOTT 1:00 P M EST | 10:00 AM PT THURSDAY MAY 23 DETEGO HEALTH WEBINAR 11:30 AM EST | 8:30 AM PT THURSDAY MAY 23 INDUSTRIAL PRODUCT COUNCIL MEETING 1:00 PM EST | 10:00 AM PT