SVN Live 6.3.24 Weekly Property Broadcast

SVNIC 147 views 36 slides Jun 01, 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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The Industrial sector again arose as the only property type with an annual increase during the month, climbing 0.6% month-over-month from March, its 12th consecutive monthly increase. The annual pace of decline for Apartment sector prices has slowed in each of the last eight months, with prices charting a 6.9% year-over-year decrease in April. Monthly, Apartment sector prices are down 0.3%, Retail sector prices also improved. The sector's annual price decline eased for the ninth consecutive month to 2.6% year-over-year in April. However, relative to March, sector prices are down. Suburban Office properties experienced a slight monthly uptick, rising 0.5% month over month. Commercial Real Estate Prices

LAND | MARTIN LUTHER KING BLVD NE | WINTER HAVEN, FL $10,484,280 148 acres Located on the NE side of Winter Haven and in the city limits The development land is just south of Willowbrook Golf Course and between Lake Smart and Lake Fannie 234 lots in Willowbrook South that are 50' x 110' and some are up to 50' x 120' $70,840 Clay Taylor, ALC clay.taylor @svn.com 863.224.0835 SVN | SAUNDERS RALSTON DANTZLER

INDUSTRIAL | 6085 CLAUDE WAY E | INVER GROVE HEIGHTS, MN $5,450,000 4.93 acres 65,232 SF SVN | Northco represented MVK Capital in the acquisition of this highly sought after cold storage facility in Inver Grove Heights, MN The building previously served as a food production facility and will be converted to solely cold storage for the clients operations SVN | Northco found this property off market and was able successfully present, negotiate, and see through to close $1,105,477 Myles Harnden myles.harnden @svn.com 952.820.1629 Hunter Weir [email protected] 952.820.1628 SVN | NORTHCO

OFFICE | 1725 VILLAGE CENTER CIRCLE | LAS VEGAS, NV $3,700,000 6,306 SF Sold at asking price Generated multiple backup offers on the property $587 price per SF for office product in Summerlin $587 Nolan Julseth-White, CCIM nolan.jwhite @svn.com 702.527.7562 Zechariah Levi, CCIM zech.levi @svn.com 702.527.6280 Eric Rogosch [email protected] 702.527.5313 SVN | THE EQUITY GROUP

INDUSTRIAL | 6441 DAVIS INDUSTRIAL PKWY | SOLON, OH $3,250,000 42,000 SF $77.38/SF (top of market @ price per/SF sale) Solon is a Cleveland suburb within a 20 minute drive Sold to owner/user that is expanding building square footage Under contract within 45 days of listing $77 Aaron Davis aaron.davis @svn.com 330.221.7297 Brian Foster brian.foster @svn.com 216.327.1787 SVN | SUMMIT COMMERCIAL REAL ESTATE ADVISORS

LAND | AGRICOLA MINE RD | FORT MEADE, FL $2,500,000 417.41 acres 417.41 acres 58 acres +/- of private lakes and ponds on the property Abundant game populations Minutes from Lakeland and Bartow $5,989 Daniel Lanier daniel.lanier @svn.com 863.698.2971 SVN | SAUNDERS RALSTON DANTZLER

INDUSTRIAL | 3621 RAIDER DRIVE | FORT WORTH, TX $2,100,000 24,450 SF 5 warehouse buildings Seller had to buy out ground leases Last real estate asset for seller $86 James Blake, CCIM [email protected] 817.288.5508 Carl Brown, CCIM carl.brown @svn.com 817.288.5516 SVN | TRINITY ADVISORS

RETAIL | 2615 S BASCOM AVENUE | CAMPBELL, CA $1,800,000 5,896 SF Multi-tenant value-add strip center Located on a major thoroughfare Signalized intersection Seller financing at attractive terms $305 Robin Santiago, SIOR, CCIM robin.santiago @svn.com 408.601.0049 SVN | CAPITAL WEST PARTNERS 5.25%

OFFICE | 712 5TH AVE | SAN RAFAEL, CA $1,250,000 5,299 SF First time property has changed hands in over 100 years Prime downtown location Listed "unpriced" Utilized by the American Red Cross for over 100 years as their local office and training facility in Marin County Major development opportunities 2 blocks from public transportation, including SMART (train) 12 parking spaces (10 paved spaces and a 2-car garage) for a parking ratio of 2.35/1,000 sf of building area $236 Julie Sommer julie.sommer @svn.com 415.755.3527 SVN | MG PROPERTY ADVISORS, INC. 7.33%

$655,720+ $35,659,000+

INDUSTRIAL | 1307 DAVIS AVE | MORRISTOWN, TN $4,600,000 $138,000 155,989 SF 155,989 SF over 3 levels 142,988 usable SF 5,000 SF office including private offices, conference room, and kitchenette 12’-20’ clear heights in warehouse 8 dock high doors and 2 drive-in bays New HVAC Renovated rubber roof Recently paved parking lot $29 7.75 % Matthew Strother [email protected] 865.309.6272 Taylor Durand [email protected] 865.776.5662 SVN | WOOD PROPERTIES

LAND | 1424 MCCALLA AVENUE | KNOXVILLE, TN $2,699,000 $80,970 .91 acres Redevelopment opportunity in downtown Knoxville 1/4 mile away from $114M multi-use stadium Planned MU-SD zoning Magnolia Warehouse District $2,456,090 7.1% Taylor Durand taylor.durand @svn.com 865.776.5662 Matthew Strother matthew.strother @svn.com 865.309.6272 SVN | WOOD PROPERTIES

RETAIL | 911-917 W 1ST AVE | SPOKANE, WA $3,500,000 $87,500 53,494 SF Located in the heart of downtown Spokane’s fastest growing neighborhood Comprised of two buildings that are each 4 levels including the lower level Kitty corner from the Fox Theater, one block away from the Historic Davenport Hotel and Bing Crosby Theater Within walking distance of numerous restaurants, breweries, River Park Square & Riverfront Park $65 8.35% Matthew Byrd matthew.byrd @svn.com 509.499.9229 SVN | CORNERSTONE

LAND | 3015 S 2000 W | SYRACUSE, UT $3,900,000 June 19-25 1% Utah Dept. of Transportation Government owned real estate auction Online only bidding - June 19-25 Unique residential development opportunity Adjacent to the new West Davis Hwy. and off of 2000 West Please visit https://www.UDOTAuctions.utah.gov 26.88 acres 7.1% David Gilmore, CCIM, CAI, AARE gilmored @svn.com 504.228.6606 Tia Shim, Esq. [email protected] 385.302.3752 Louis Fisher, III, CAI [email protected] 954.931.0592 SVN | AUCTION SERVICES, LLC

LAND | 100 W 2400 S (950 N) | KAYSVILLE, UT $2,900,000 June 19-25 1 % Utah Dept. of Transportation Government owned real estate auction Online only bidding - June 19-25 Strategic opportunity in growing market Ideally located right off of the new West Davis Highway Please visit: https://www.UDOTAuctions.utah.gov 8.654 acres 7.1% David Gilmore, CCIM, CAI, AARE [email protected] 504.228.6606 Tia Shim, Esq. [email protected] 385.302.3752 Louis Fisher, III, CAI [email protected] 954.931.0592 SVN | AUCTION SERVICES, LLC

LAND | 675 S 1525 W | FARMINGTON, UT $2,700,000 June 19-25 1 % Government owned real estate auction Online only bidding - June 19-25 Premier residential development opportunity Nestled within a serene neighborhood with conservation land to the west and amenities to the east Situated adjacent to the new West Davis Hwy Just 17 miles from downtown Salt Lake City Please visit: https://www.UDOTAuctions.utah.gov. 15.496 acres 7.1% David Gilmore, CCIM, CAI, AARE [email protected] 504.228.6606 Tia Shim, Esq. [email protected] 385.302.3752 Louis Fisher, III, CAI [email protected] 954.931.0592 SVN | AUCTION SERVICES, LLC

LAND | 3450 S BLUFF ROAD | SYRACUSE, UT $1,100,000 June 19-25 1 % Utah Dept. of Transportation Government owned real estate auction Online bidding only - June 19-25 Zoned for residential development Prime location in a peaceful, well-established bedroom community Potential for subdivision or housing development Please visit: https://www.UDOTAuctions.utah.gov 8.395 acres 7.1% David Gilmore, CCIM, CAI, AARE [email protected] 504.228.6606 Tia Shim, Esq. [email protected] 385.302.3752 Louis Fisher, III, CAI [email protected] 954.931.0592 SVN | AUCTION SERVICES, LLC

RETAIL | 14150 TRINITY BLVD | FORT WORTH, TX $2,250,000 $33,750 11,087 SF 100% occupied NNN leases All tenants have annual rent bumps Offered at 7.0% CAP which increases to 7.55% by January 2026 $203 7% James Blake, CCIM james.blake @svn.com 817.288.5508 Andrew Banken andrew.banken @svn.com 817.717.6353 SVN | TRINITY ADVISORS

OFFICE | 1237 SOUTHRIDGE COURT | HURST, TX $1,295,000 $19,425 13,111 SF Only $98.77 SF Great owner occupy building 66% occupied (historically 95-100% leased) $99 3.82 % James Blake, CCIM [email protected] 817.288.5508 Andrew Banken [email protected] 817.717.6353 SVN | TRINITY ADVISORS

LAND | JOHNSTON RD/L20 | FORT PIERCE, FL $2,225,000 $55,625 36.29 acres 36.29 acres of high and dry development land in great Fort Pierce location Surrounded by major existing and proposed developments and attractions Favorable TVC FLU with 2du/ac, with the potential to increase density Minutes to I-95/FL Turnpike, along with significant roadway improvements slated in the next 5 years AG class allows buyer to pay nominal property taxes while permitting $61,312 7.1% Brandon Bollig brandon.bollig @svn.com 847.410.9047 SVN | COMMERCIAL PARTNERS

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

INDUSTRIAL | 2402 W MARKET STREET | BLOOMINGTON, IL $1,500,000 $37,500 7,000 SF Close proximity to interstates Three drive-in doors with one dock Cold storage can be utilized or removed Corner lot with high visibility Large parking lot with approx. 40 spaces 3.3 acre lot Bloomington/Normal is centrally located between St. Louis , Chicago, and Indianapolis. The property is just under 3 miles away from the Rivian Manu Plant $214 8.35% Jill Spratt jill.spratt @svn.com 309.590.7900 AJ Speasl aj.speasl @svn.com 309.590.7900 SVN | CORE 3

MULTIFAMILY | 916 S BYRNE ROAD | TOLEDO, OH $1,385,000 $41,550 33 units Good unit mix of one (19) & two (14) bedroom units Turnkey opportunity with upside on continued rental increases 2 buildings, one all flats, one with townhomes Roofs newer with warranties Majority of appliances replaced $41,970 8.35 % Doug Wright, CCIM doug.wright @svn.com 419.540.8888 SVN | ASCENSION COMMERCIAL REALTY, LLC

MIXED USE | 2111 S DAMEN AVENUE | CHICAGO, IL $1,295,000 $25,900 6 units ​Steps to Damen Pink Line ​ Zoning change to B2-3; allows for additional unit ​ High-end renovations with steel porches ​ Full HVAC & in-unit laundry ​ Full basement with storage lockers for tenants Zoning change completed allowing for conversion of retail to apartment $215,833 7.1% Paul Cawthon [email protected] 630.640.1001 Angelo Labriola [email protected] 708.307.7529 SVN | CHICAGO COMMERCIAL

MULTIFAMILY | 1441 W CULLERTON STREET | CHICAGO, IL $1,200,000 $18,000 6 units ​Recent renovation with modern finishes ​ Consistently occupied ​ In-unit laundry & parking in the rear ​ Prime East Pilsen location $200,000 7 % Paul Cawthon paul.cawthon @svn.com 630.640.1001 Angelo Labriola [email protected] 708.307.7529 SVN | CHICAGO COMMERCIAL

RETAIL | 106-110 E 5TH STREET | OXNARD, CA $1,210,000 $60,500 4,477 SF 4 unit multi-tenant (100%) Separately metered utilities Directly across from the AMTRAK Downtown dense area in a beach town $270 6.69 % Mark Haworth haworthm @svn.com 805.644.6700 SVN | RICH INVESTMENT PROPERTIES

INDUSTRIAL LEASE | 14037 STUEBNER AIRLINE RD | HOUSTON, TX $12/sf plus $3/sf NNN 5 years+ 2.5% Industrial with retail showroom Fully fenced 3 phase 400A/480V 20' eave height 18' grade level roll up doors 1.5 AC Compressed air piped through buildings Automotive equipment with sale 26,750 SF 8.35% Brigham Hedges brigham.hedges @svn.com 936.522.6972 Bonnie Pfrenger [email protected] 402.672.0861 SVN | J BEARD REAL ESTATE - GREATER HOUSTON

INDUSTRIAL | 8752-8754 COTTER STREET | LEWIS CENTER, OH $19.50 SF/yr Gross 3 % Rare food grade warehouse with beautifully furnished office space w/ equipped food prep kitchen Central Ohio is “Silicon Valley of the Midwest” w/ billions in economic development 16 miles to $20 billion Intel Chip Plant Close access to regional shopping mall Easy access to freeways Warehouse complete with racking system and dock height door Security system and card access throughout, 3 phase electric 15,909 SF 7.1% Melanie Wollenberg melanie.wollenberg @svn.com 614.778.6383 Doug Wilson doug.wilson @svn.com 614.206.3881 SVN | WILSON COMMERCIAL GROUP, LLC

INDUSTRIAL | 1229 RAILROAD ST | CORONA, CA Subject to Offer 2% 31,989 SF Prime West Corona location Easy access to the 91 Freeway and is Orange County adjacent Building features heavy power DH loading (2) GL doors, with a secure gated concrete yard area The property is net-leased to NexBelt on an initial lease term of seven (5) years with one (1) sixty (60) month lease extension option 15.496 acres 7.1% Cameron Jones, SIOR cameron.jones @svn.com 714.270.7078 Brock Smith brock.smith @svn.com 949.338.1292 SVN | VANGUARD

JUNE 3-8 , 2024 TUESDAY JUNE 4 OFFICE PRODUCT COUNCIL MEETING 2:00 P M EST | 11:00 AM PT WEDNESDAY JUNE 5 BEST PRACTICES WITH JOHN MCDERMOTT 1:00 PM EST | 10:00 AM PT WEDNESDAY JUNE 5 HOSPITALITY PRODUCT COUNCIL MEETING 3:00 PM EST | 12:00 PM PT