SVN Live 6.10.24 Weekly Property Broadcast

SVNIC 140 views 27 slides Jun 08, 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 new reporting by Globe St that analyzes trends in New York and major European markets, leading luxury retailers are snapping up store space/ High-end retailers are increasingly opting to purchase prime units in major cities across the globe instead of leasing as they take advantage of discounted property prices. According to Bernstein Research, European luxury brands have paid upwards of $9 billion since the beginning of 2023 to buy prime space in the world's top shopping locations, such as New York and Paris. Some brands have indicated that they continue to bet on consumers’ spending resilience, which is expected to experience its fourth consecutive annual increase in 2024. Luxury Retail Expands

RETAIL | 205 W. BLACKSTOCK RD | SPARTANBURG, SC $15,150,000 431,000 SF Sale of the leasehold interest in the shopping mall Anchor tenants include Dillards, Belk, JCPenney, and Costco Distressed asset Procured multiple offers $35 Daniel Holloway [email protected] 864.593.6644 Dustin Tenney [email protected] 864.905.7226 SVN | BLACKSTREAM 19% Brian Chadwick [email protected] 423.240.3290 SVN | SECOND STORY REAL ESTATE MANAGEMENT Tony Yousif [email protected] 619.729.0377 SVN | VANGUARD SVN | SECOND STORY REAL ESTATE MANAGEMENT

INDUSTRIAL | 3701 DALWORTH STREET | ARLINGTON, TX $8,350,000 56,905 SF National Credit Tenant (Sunbelt Rentals) 5 Acres of land included with purchase Opportunity to double rent within 2 years of purchase Centrally located in the highly sought after Great Southwest Industrial Park During closing we received a back up offer above what the property sold for, proving the demand for this type of asset $147 David Dunn, CCIM, SIOR [email protected] 817.829.2828 Courtney Stanford, CCIM [email protected] 972.998.2361 SVN | DUNN COMMERCIAL 3.37%

OFFICE | 502 RIGSBEE AVENUE | DURHAM, NC $4,300,000 11,587 SF LEED Platinum certified property Adaptive reuse of former 1930's farm equipment building Purchased by a financial institution that will occupy spaces as leases turn over Negotiated the whole deal from initial conversation to signed LOI while at SVN conference in Miami! $371 Carey Greene [email protected] 919.287.2135 Brian Fabricatore [email protected] 919.287.3214 SVN | REAL ESTATE ASSOCIATES

INDUSTRIAL | 6401-11 OAKTON STREET & 7901 NAGLE AVENUE | MORTON GROVE, IL $2,630,000 54,895 SF Trust sale Retired & recently closed operations Two building portfolio in desirable marketplace Worked with both sides through environmental concerns Rare site on over 3 acres Multiple offers Sold to local industrial investment group $48 Paul Cawthon [email protected] 630.640.1001 Angelo Labriola [email protected] 708.307.7529 SVN | CHICAGO COMMERCIAL

INDUSTRIAL | 2029 BUCK LANE | LEXINGTON, KY $2,600,000 38,800 SF Worked with the owner of this property for over a year and half to sell the property and all manufacturing equipment within the facility. Worked through the property falling out of contract early in the process as well as a turbulent interest rate environment Sold to an end user through a SVN Co brokered transaction $67 John Bunch, SIOR john.bunch @svn.com 859.433.8911 Justin Ryder, CCIM [email protected] 859.447.3285 SVN | STONE COMMERCIAL REAL ESTATE

INDUSTRIAL LEASE | 9700 ALTON WAY | HENDERSON, CO $2,123,537 5 years 18,000 SF building on 8 acres Lease renewal of United Rentals Zero TI's given to tenant No free rent 18,000 SF Corey Murray [email protected] 303.548.2585 SVN | DENVER COMMERCIAL

LAND | 10108 PARALLEL PKWY | KANSAS CITY, KS $1,995,000 16.4 acres Visible to over 51,700 cpd from I-435 and 18,450 cpd along Parallel Pkwy Prime location in the thriving Kansas City, KS area Over 12 million visitors per year-Infrastructure-ready for immediate development or expansion projects Accessible from major transportation routes for logistical convenience $121,646 Richard Hurst, CCIM [email protected] 913.538.5568 SVN | THE HURST COMPANY

LAND | 1460 E HWY 50 | CLERMONT, FL $1,500,000 2.997 acres 3 ± Acres zoned R3 and C2 160 FT Frontage on SR 50 52,000 DTC All Utilities available (water, sewer, power, isp) Office-Retail Development Parcel Over 31,000 people within a 3-mile radius $500,501 Marvin Puryear [email protected] 352.267.5900 SVN | SAUNDERS RALSTON DANTZLER

LAND | 4335 EDEN LN | GROVELAND, FL $1,373,625 235 acres Pasture, pine woods, and oak hammocks scattered throughout Previously been used as a high fence hunting operation Ranch/recreational retreat $5,845 Zeb Griffin, ALC [email protected] 352.630.7547 SVN | SAUNDERS RALSTON DANTZLER

MULTIFAMILY | 2214 S GRANADA DR | TEMPE, AZ $1,275,000 5 units 31 years of continuous ownership All units have full size washer/dryer All 2 Bedroom units with private patios No unit renovations, true value add Separately metered for electricity 1031 exchange property, out of state buyer Buyer plans moderate interior upgrades 30% down, 70% seller finance with interest only payments $255,000 Danny Lee [email protected] 480.425.5522 SVN | DESERT COMMERCIAL ADVISORS 5.0% (Proforma)

HEALTHCARE | 1565 CORPORATE WOODS PKWY | UNIONTOWN, OH $1,250,000 10,339 SF SVN Summit represented the seller Sold vacant with 9 Mos remaining on Fresenius lease Sold to owner-user (medical) Closed 60 days before buyers initial DD period expired $121 Nichole Booker, PhD [email protected] 330.475.5500 Olivia Reichenbach [email protected] 440.781.2811 SVN | SUMMIT COMMERCIAL REAL ESTATE ADVISORS

$618,200 $24,215,000

INDUSTRIAL | 80-90 NORTH STREET | PARK FOREST, IL $6,750,000 $135,000 123,600 SF +/- 7.5 acres Zoned for Manufacturing, Food Production, Storage and Cannabis Cold Storage | New 2,000 amp Transformer 5 Interior & 2 Exterior Docks | 3 DID Floor Drains | Fenced Yard $55 6.86% Karen Kulczycki, CCIM kkulczycki @svn.com 630.330.3352 SVN | CHICAGO COMMERCIAL

INDUSTRIAL | 3715 DRANE FIELD RD | LAKELAND, FL $4,250,000 $106,250 18,450 SF Second Price Reduction! Class-A Flex Space Sale Leaseback Opportunity 10-year lease @ $17.00/SF NNN Directly Across Lakeland Linder Airport and Amazon Air Cargo Hub Efficient Access to the Polk Parkway and I-4 Publix HQ within neighborhood $230 7.38 % David Hungerford, CCIM, SIOR david.hungerford@ svn.com 863.660.3138 SVN | SAUNDERS RALSTON DANTZLER

INDUSTRIAL | 2260 CHERRY RD | ROCK HILL, SC/CHARLOTTE, NC MSA $4,200,000 $126,000 24,058 SF 10 year absolute NNN leaseback with 2% annual rent increases Below market lease rate 24,058 SF industrial/flex space in retail area Fully gutted and rehabbed in 2022 Versatile GC zoning that allows retail and flex uses Tenant operates 6 locations $175 6.86 % Mark Mayfield mark.mayfield @svn.com 803.325.9030 SVN | SOUTHERN COMMERCIAL REAL ESTATE, LLC

LAND | 3719-3745 S MILITARY TRAIL | GREENACRES, FL $3,900,000 $97,500 3.6 acres Collect substantial income while working on your site plan Flexible usage for retail, office, and medical Income producing freestanding restaurant Multi-Tenant retail/office building 100% occupied short term leases Additional income from lucrative billboard Proximity to major roadways $1,083,333 6.86% Robert Hamman robert.hamman @svn.com 561.346.2310 SVN | WATERFRONT COMMERCIAL REALTY

RESTAURANT | 2240 GRIFFIN ROAD | LAKELAND, FL $3,120,000 $93,600 1.01 acres In 2024, the restaurant will be remodeled to meet Wendy's new image (to be paid for by the tenant, approximately $500k) NNN Lease 10% Rent increase every five (5) years 20-year base term with options to renew $3,089,109 5 % Glenn Folsom glenn.folsom @svn.com 863.559.3268 SVN | SAUNDERS RALSTON DANTZLER

LAND | 10108 PARALLEL PKWY | KANSAS CITY, KS $1,995,000 $59,850 16.4 acres Visible to over 51,700 cpd from I-435 and 18,450 cpd along Parallel Pkwy Prime location in the thriving Kansas City, KS area Over 12 million visitors per year-Infrastructure-ready for immediate development or expansion projects Accessible from major transportation routes for logistical convenience $121,646 6.86% Richard Hurst, CCIM rick.hurst @svn.com 913.538.5568 SVN | THE HURST COMPANY

OFFICE | 200 W MONROE ST | PHOENIX, AZ $35/SF Negotiable 5% Turnkey Creative Office Space 31 Private Offices, 25 Conference Rooms, 200 Workstations Phone Booths & Podcast Studios High Ceilings with Floor to Ceiling Windows & Natural Light Rooftop Pool with Panoramic City Views State of the Art Fitness Center & Yoga Studio On Site Available to Individual User or Coworking Operator 27,863 SF 6.86% Perry Laufenberg perry.laufenberg @svn.com 480.425.5510 Anthony Ruiz [email protected] 480.425.5531 SVN | DESERT COMMERCIAL ADVISORS

JUNE 10-15 , 2024 TUESDAY- WEDNESDAY JUNE 11-12 SVN | JUMPSTART PHILADELPHIA