SVN Live 7.15.24 Weekly Property Broadcast

SVNIC 184 views 28 slides Jul 14, 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 new report by Capital Economics suggests that while the global economy continues to face headwinds in its recovery, some of the most adverse effects of the post-pandemic inflation surge appear to be subsiding, possibly allowing central banks to begin shifting towards a relatively looser stance in the near future. The report notes that GDP picked up in Europe and several emerging markets to begin 2024, which lagged the United States in the initial post-COVID recovery over the past few years while also contending with high inflation. Recent falls in inflation have boosted real incomes in most economies. Meanwhile, labor markets remain resilient with relatively low unemployment rates amid supportive fiscal policy regimes. Q3 2024 Global Economic Outlook

$8,976,000 30.86 acres $290,862 $8,976,000 or $290,862 Acre Build for Rent in Master Planned Community 264 Units or $34,000 Per Unit SVN Team Sold entire Property in 2020 SVN Team has also transacted single family and commercial pods LAND | POD 7 | PORT ST. LUCIE, FL SVN | COMMERCIAL PARTNERS Ashley Bloom ashley [email protected] 941.961.7109 Ron Zeigler ron.zeigler @svn.com 941.350.9636 8%

$3,450,000 10,100 SF $342 5 Tenant Triple Retail Center Located at Main and Main of Prineville Mix of Local & National Tenants Two Drive-Thrus RETAIL | 198 NE COMBS FLAT RD | PRINEVILLE, OR SVN | IMBRIE REALTY Rae Nomura rae.nomura @svn.com 503.575.8065 6.61%

$2,700,000 22,000 SF $123 Half Acre RM4 Zoned Site in the Heart of NW Portland 7:1 Bonus FAR Highly Desirable Location No Parking Requirements Located on Transit Line LAND | 2131 NW KEARNEY ST | PORTLAND, OR SVN | IMBRIE REALTY Rae Nomura [email protected] 503.575.8065 Hugh Holtman [email protected] 503.799.0447 6.61%

$2,500,000 21 rooms $119,048 Boutique 21-unit Oceanfront property on the Oregon Coast (no TVs, Telephones or Internet) Buyer was a long term client seeking to expand his portfolio Seller previously approached us to find a Buyer but was rigid on price Financing was challenging due to a construction loan midway through the deal. This delayed closing but we were able to get the Seller on board. HOSPITALITY | 267 NW CLIFF STREET | NEWPORT, OR SVN | BLUESTONE Brian Resendez, CCIM brian.resendez @svn.com 503.577.7710 Joseph Aiston joseph.aiston @svn.com 971.282.2031

$2,100,000 6,153 SF $341 New valuation record for the submarket Jewelry store to bank branch conversion Prime Retail corridor RETAIL | 6245 VOGEL RD | EVANSVILLE, IN SVN | THE MARTIN GROUP Andy Martin, CCIM andy.martin @svn.com 317.849.8001 Chris Stuard [email protected] 812.471.2500 Matt Kiefer [email protected] 812.471.2500 Steve Martin, CCIM, CPM [email protected] 812.471.2500

$ 2,000,000 40 acres $50,000 Turn-key tree farm in Lake County 675 ± paved road frontage on CR 561 Located 37 minutes west of Orlando! LAND | 11631 CR 561 | CLERMONT, FL SVN | SAUNDERS RALSTON DANTZLER Marvin Puryear [email protected] 352.267.5900 Carson Futch [email protected] 863.559.0800 8%

$1,150,000 4,090 SF $281 Turnkey expansion for Dental Client in a new market Repeat client on 3rd transaction Practice to be up and running within 60 days from closing HEALTHCARE | 635 MCCARTHY BLVD | NEW BERN, NC SVN | EFIRD COMMERCIAL REAL ESTATE Josh Taylor josh.taylor @svn.com 252.670.9590

$ 1,100,000 3,816 SF $288 Highly visible, free-standing building located along S. Broadway with easy access to I-25 Located very close to the New Broadway Park M ixed- U se Redevelopment Buyer redeveloping the property for its headquarters and kitchen showroom Seller subleased space in the area that better suits its business needs RETAIL | 608-610 S. BROADWAY | DENVER, CO SVN | DENVER COMMERCIAL Elizabeth Leder, Esq. [email protected] 720.575.9109 Peter O’Bryan [email protected] 301.801.4537

$1,100,000 3,816 SF $288 Highly visible, free-standing building located along S. Broadway with easy access to I-25 Located very close to the New Broadway Park Mixed-Use Redevelopment Buyer redeveloping the property for its headquarters and kitchen showroom Seller subleased space in the area that better suits its business needs INDUSTRIAL | 4900-32 173RD ST & 4851-57 W 171ST ST | COUNTRY CLUB HILLS, IL SVN | DENVER COMMERCIAL Elizabeth Leder, Esq. [email protected] 720.575.9109 Peter O’Bryan [email protected] 301.801.4537

$360,110 $16,972,000

LAND | 234 CATON RD | SEVIERVILLE, TN $15,750,000 $630,000 10.54 acres 90 Townhomes: Duplex & Fourplex layouts 162-Room Hotel: Includes rooftop bar/restaurant Event Venue/Banquet Hall World-Class Amenities Prime Location: Direct access to Tanger Outlets $1,494,307 5.5% Christina Onolfo christina.onolfo @svn.com 305.457.5247 Jon Roosen jon.roosen @svn.com 865.202.6767 Cohl Morgan [email protected] 865.603.9887 Kevin tipton [email protected] 865.210.0228 Sheev Patel [email protected] 865.307.2398 SVN | WOOD PROPERTIES

MULTIFAMILY | 3518 W DUNLAP AVE | PHOENIX, AZ $12,500,000 $250,000 94,226 SF 96 Units | Mostly 2BD/2BA Units Value Add Opportunity @ $130K/Unit 7.2% Pro Forma Cap Rate 94,226 Total SF = $133/SF Great Curb Appeal Potential | Corner Property on 2 Major Streets Spacious Rental Office & Large Clubhouse Substantial Courtyards & Former Pool Area Private Balconies on Each Unit Master Metered with Chiller $133 7.26% Carrick Sears, MBA, CCIM [email protected] 480.425.5529 SVN | DESERT COMMERCIAL ADVISORS

SFR PORTFOLIO | 38 UNIT PORTFOLIO | TYLER, TX $6,608,000 $98,880 38 units Tyler’s demand for housing has continued to rise with the ever-increasing population Opportunity to purchase a portfolio of 36 single-family rental homes in a market that is rapidly growing and a competitive market Opportunity to increase rents and portfolio performance $173,894 6.84% Ivan Del Aguila [email protected] 469.815.4154 SVN | TRINITY ADVISORS

LAND | 6200 N INTERSTATE 45 SERVICE RD | ENNIS, TX $3,200,000 $48,000 132 acres Property includes two residential properties currently generating income as rental properties. Ample size provides flexibility for large scale development Direct access to a major transportation artery and close to Dallas $24,242 8,.46% Ivan Del Aguila ivan.delaguila @svn.com 469.815.4154 Eliud Sangabriel eliud.sangabriel @svn.com 972.839.0590 SVN | TRINITY ADVISORS

OFFICE | 50 S CAMERON ST | WINCHESTER, VA $2,975,000 $74,375 17,580 SF Well maintained property inside and well landscaped outside Office street parking with a City parking structure close by Additional Storage Building Pride of Ownership $169 7.26% Jim Guisewhite [email protected] 540.325.0573 Bill Nordman [email protected] 540.532.0701 SVN | COMMERCIAL SPECIALISTS

OFFICE | 302 S LOUDOUN ST | WINCHESTER, VA $2,925,000 $73,125 17,864 SF Close proximity to the Old Town Walking Mall, Judicial and Government High walkability factor Off-street Parking Possibility for Redevelopment to Mixed Use $164 7.26% Jim Guisewhite jim.guisewhite @svn.com 540.325.0573 Bill Nordman [email protected] 540.532.0701 SVN | COMMERCIAL SPECIALISTS

LAND | 100 SOUTH INDUSTRIAL AVENUE | RITTMAN, OH $2,375,000 $71,250 80 acres Federal Opportunity Zone Site remediation completed and the property has received a Covenant Not To Sue from Ohio EPA Ohio DNR permits for two existing industrial groundwater supply wells Wetlands Delineation completed Endangered Species Analysis conducted Proximity to Cleveland, Akron, and Canton-Adjacent to Morton Salt $29,688 Brian Foster brian.foster @svn.com 216.327.1787 Aaron Davis [email protected] 330.221.7297 SVN | SUMMIT COMMERCIAL REAL ESTATE ADVISORS

OFFICE | 600 VILLAGE TRACE NE | MARIETTA, GA $1,995,000 $42,000 13,556 SF Three Story Stand Alone Close to Retail Shopping Surface Parking 95% Leased Average Daily Traffic Count +/-42,800 Below Market Rents $147 4.02% Colin Crowe colin.crowe @svn.com 678.628.9128 Del Creviston [email protected] 678.230.8541 SVN | CREVISTON REALTY, INC.

OFFICE | 322-324 W STATE STREET | GENEVA, IL $1,250,000 $37,500 17,160 SF Downtown Geneva IL Investment Opportunity 3-Level Building with Mix of Retail & Office Tenants Value Add Property with Below Market Rents 2nd Floor Tenant is a National Engineering Firm Street Level has a Unique Arcade-Style Layout Lower Level (Basement) has 13 Small Office Suites $73 8,.46% Neil Johnson n eil.johnson @svn.com 630.938.4950 Jeff Cadwallader jeff.cadwallader @svn.com 630.938.4950 SVN | LANDMARK COMMERCIAL REAL ESTATE

OFFICE | 3251 HARRY WURZBACH | SAN ANTONIO, TX $1,350,000 $40,500 3,520 SF Class B medical office building Multiple offices and dosing rooms Medical/professional use $384 5.5% Jay Dabbs, CCIM [email protected] 210.749.5494 SVN | TRADITIONS

July 15-20, 2024 THURSDAY JULY 18 OCCUPIER SERVICES PRODUCT COUNCIL MEETING 2:00 P M EST | 11:00 AM PT NO SVN LIVE NEXT WEEK 7/22