SVN Live 7.29.24 Weekly Property Broadcast

SVNIC 129 views 43 slides Jul 28, 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

dsafsdfd July 29, 2024

The stronger than expected second quarter GDP report shifted market expectations for number of rate cuts that will take place in 2024, though expectations for the timing of the first rate cut have largely held. According to the Chicago Mercantile Exchanges Fed Watch Tool, there is still an 88.2% chance of a September rate cut, down from 92.0% one week ago. On the day before the Q2 GDP report, futures markets projected a 52.7% change that there would by three quarter-percentage point rate cuts by the end of year. However, by the end of the trading day on Thursday, an overwhelming 87.7% forecast the policymakers will hold rates steady through the end of the year following an initial cut in September. Interest Rate Forecast

$12,803,000 1,251.001 acres $10,234 Grand House - 13,343 SF Dragonfly - 1,119 SF Oasis Home Retreat - 9,022 SF Headquarters Office - 6,450 SF Headquarters Equipment Barn - 6,878 SF Hay Barn - 3,360 SF Barn - 4,449 SF D Barn (Barn/Office Storage) - 2,575 SF Grove Barn - 2,400 SF LAND | 9584 NE WILLIAMS AVE | ARCADIA, FL SVN | SAUNDERS RALSTON DANTZLER Trent Saunders, ALC trent.saunders @svn.com 863.640.0390 Paul J. Meador paul.meador @svn.com 239.860.4660

INDUSTRIAL | 1800-1838A NW 29TH STREET | OAKLAND PARK, FL $4,450,000 27,100 SF $164 Located in Broward County’s Central Broward Industrial submarket, with easy access to I-95 and Oakland Park Boulevard for enhanced connectivity High demand for industrial space, positive absorption, and decreasing vacancies suggest potential rent growth Its proximity to industrial products, restaurants, and the post office makes it a desirable business location $1,494,307 5.5% Adam H. Klein adam.klein @svn.com 561.282.9296 Elon Gerberg elon.gerberg @svn.com 561.485.1129 SVN | COMMERCIAL PARTNERS

$2,666,537 7 years 5,000 SF 5,000 SF 2-bay industrial warehouse on 7.0 AC fully leased Absolute NNN with 7-year term New south suburb location for Safeway Transportation services (school bus service) From LOI to lease in 20 days Representing original owners of this assembled property and current owner (sale / lease) INDUSTRIAL LEASE | 4900-32 173RD ST & 4851-57 W 171ST ST | COUNTRY CLUB HILLS, IL SVN | CHICAGO COMMERCIAL Karen Kulczycki, CCIM kkulczycki @svn.com 312.602.5346

$2,000,000 13,308 SF $150 Under contract in under 30 days Fended off multiple retrade attempts by buyer INDUSTRIAL | 303 MAIN STREET | PLATTEVILLE, CO SVN | DENVER COMMERCIAL Jeff Heine jeff.heine @svn.com 303.937.4492 Corey Murray [email protected] 720.358.2944

$2,000,000 2.36 acres $847,458 SVN represented Goodwill Industries of KY in another land purchase in Kentucky Negotiated deal for A+ site in high barrier to entry market Overcame development difficulties with sewer capacity in county through due diligence LAND | 100 ASHTON GROVE PATH | GEORGETOWN, KY SVN | STONE COMMERCIAL REAL ESTATE Weston Lockhart weston.lockhart @svn.com 859.317.3538 Nathan Dilly [email protected] 859. 420.5492 10%

$1,980,000 2.13 acres $452 Opportunity zone redevelopment possibility Located directly adjacent to the City Transit Center One block to the Oregon State Capitol grounds Seller bridge financing available Excess parking lots available for individual sale LAND | 280 CHURCH STREET NE | SALEM, OR SVN | COMMERCIAL ADVISORS Curt Arthur, SIOR curt.arthur @svn.com 503.588.0400 Nick Williams, CCIM nick.williams @svn.com 503.588.0400

$1,725,000 4,154 SF $415 SVN generated multiple offers to purchase and lease the property, showcasing high market interest The property was purchased by Whitaker Bank for their continued expansion in the Danville market Buyer intends to renovate the building, which was purchased for $415/SF RETAIL | 100 MAY BLVD | DANVILLE, KY SVN | STONE COMMERCIAL REAL ESTATE John Bunch john.bunch @svn.com 859.433.8911 Nathan Dilly [email protected] 859.420.5492 10%

$1,300,000 18,957 SF $69 Turn-key office building, potential to convert into Flex/Warehouse space, versatile floor plan Elevator served Parking for 40+ cars Immediate availability Prominent signage opportunities B-1/R zoning offers a wide range of permitted uses by right Located in Allentown Opportunity District, convenient location Easy access to Rt. 309, I-78 and the Pennsylvania Turnpike OFFICE | 919 S 9TH ST | ALLENTOWN, PA SVN | AHIA COMMERCIAL REAL ESTATE Chichi E. Ahia, SIOR chichi.ahia @svn.com 215.757.2500 Monika Polakevic, CCIM [email protected] 215.757.2500

$1,300,000 14,145 SF $92 Represented Foster Farms as the seller Purchased by Oregon State University Corvallis is a high barrier to entry market Multiple offers INDUSTRIAL | 855 NW 8TH ST | CORVALLIS, OR SVN | COMMERCIAL ADVISORS LLC Curt Arthur, SIOR curt.arthur @svn.com 503.588.0400 Nick Williams, CCIM n ick.williams @svn.com 503.588.0400

$1,200,000 2,656 SF $452 Owner-user transaction Highest non-specialized medical PSF Transaction in North Scottsdale in 2024 Buyer intends to modify and occupy for their use Subject property located in office condo development Minor concessions from seller Sold for 96% of ask price OFFICE | 7312 E DEER VALLEY RD, BUILDING D SUITE | SCOTTSDALE, AZ SVN | DESERT COMMERCIAL ADVISORS Richard Lewis Jr. richard.lewis @svn.com 480.425.5536 Justin Horwitz, SIOR justin.horwitz @svn.com 480.425.5518 Aaron Gutierrez [email protected] 480.425.5517 Sean Alderman [email protected] 480.425.5520

$1,175,000 9.73 acres $120,761 B-P future land use Close proximity to the Lakeland Linder Airport Surrounded by various major companies including the GEICO Corporate Office LAND | OLD MEDULLA ROAD | LAKELAND, FL SVN | SAUNDERS RALSTON DANTZLER David Goffe, CCIM david.goffe @svn.com 863.272.7169

$1,165,000 12,500 SF $93 14 unit mixed-use building Value add deal West Humboldt Park neighborhood of Chicago OTHER | 4247-4249 W DIVISION ST | CHICAGO, IL SVN | CHICAGO COMMERCIAL Joe Connelly joe.connelly @svn.com 312.414.0428

$1,102,726 120 months 2,290 SF Multi-use property with upstairs residential and ground-floor retail In-demand corner location within reach of both downtown Denver and surrounding neighborhoods Built to pay homage to architecture of the past and designed for the community’s vibrant future Local established salon looking for a larger location for expanding business RETAIL LEASE | 3600 W 29TH AVE | DENVER, CO SVN | DENVER COMMERCIAL Peter O’Bryan peter.obryan @svn.com 720.696.0621 Jori Hayes jori.hayes @svn.com 720.443.2592

$1,425,355+ $55,302,000+

OFFICE | 2643-2751 S LOOP 336 | CONROE, TX $10,000,000 $250,000 30,000 SF (5 buildings) 13.5 AC park like setting w/ patios facing private lake 1-10,000 SF, 3- 5,000 SF demised 2,500 SF West of Grand Central Park’s 336 Marketplace Exceptional visibility and ample parking $333 5.29% Bonnie Pfrenger [email protected] 281.367.2220 x 136 Linda Crumley [email protected] 281.367.2220 x 119 SVN | J. BEARD REAL ESTATE - GREATER HOUSTON

55 HOME SFR MULTIFAMILY PORTFOLIO | NORTHERN KENTUCKY - GREATER CINCINNATI $8,750,000 $175,000 90,762 SF 55 properties; 94 total units Average current monthly rent per unit is $964 as of 2024 Typical property size boasts an avg living space of 1,650 SF Opportunity to purchase the 33 single family properties at a discount to retail Managed by a third party property management service The portfolio offers a variety of single-family, duplex, triplexes, and multifamily properties 7.63% Justin Ryder, CCIM justin.ryder @svn.com 859.447.3285 Rachel Ridd [email protected] 859.327.7261 Harrison Lane [email protected] 859.537.1051 SVN | STONE COMMERCIAL REAL ESTATE $96

RETAIL | 1887 POWDER SPRINGS RD | POWDER SRINGS, GA $5,500,000 $165,000 46,544 SF Great visibility Renovated in 2018 (bldg 2) 4.72 AC zoned NRC & LRC Fully sprinkled 2 grease traps Potential retail re-development Short term leaseback $118 5.29% Jacob Creviston j.creviston @svn.com 770.557.5206 SVN | CREVISTON REALTY

LAND | 10200 PLUM DRIVE | URBANDALE, IA $3,925,000 $117,750 11.928 acres 1, 3, & 5 mi demos are all over $100K HH Income Located within a Tax-Increment Financing (TIF) District Visibility to over 100,000 drivers at the highly-traveled "Rider Corner" where I-80/35 meets the new Hwy-141 overpass Ideal for big box retail, grocery, medical development, or corporate office users $329,058 5.29% Nora Walsh nora.walsh @svn.com 515.259.1041 Heath Bullock [email protected] 515.554.7412 SVN | CREATE

LAND | 401 E INGLEFIELD RD | EVANSVILLE, IN $3,082,500 $92,475 61.65 acres Prime location on the Northside of Evansville High visibility on Hwy 41 Great development opportunity $50,000 Andy Martin, CCIM andy.martin @svn.com 317.849.8001 Chris Stuard chris.stuard @svn.com 812.471.2500 Steve Martin, CCIM, CPM [email protected] 812.471.2500 SVN | THE MARTIN GROUP 6.27%

LAND | I-65 & SR 28 | FRANKFORT, IN $2,941,500 $88,245 37 acres Versatile B5 zoning allows for a variety of Commercial and Industrial uses All utilities at the site Preliminary site plan includes off site water storage Located halfway between the Purdue Research Park and Lebanon's Leap District $79,500 7.58% Jeff Hines jeff.hines @svn.com 317.709.6000 SVN | NORTHERN COMMERCIAL

RETAIL | 6209 W NORTH AVE | OAK PARK, IL $2,750,000 $82,500 14,000 SF High traffic location ​ Renovated in 2021 to a full-service​ Health Club ​ Zoned within the North Avenue Zoning District Prime location in Oak Park, IL ​-41 car on-site parking $196 Al Lindeman [email protected] 847.421.1066 Jacob Strom jacob.strom @svn.com 319.621.1307 SVN | CHICAGO COMMERCIAL

RETAIL | 805-821 N RANDALL RD | BATAVIA, IL $2,695,000 $67,375 10,616 SF Vibrant strip with mix of medical & service tenants Anchored by Athletico, Geneva Family Practice & Miracle Ear Shadow anchored by Walmart Supercenter Internet proof and recession resistant tenancy Located in the heart of the Randall Rd Retail Corridor $254 7.58% Neil Johnson [email protected] 630.938.4950 Joel Miller, CCIM [email protected] 630.938.4950 SVN | LANDMARK COMMERCIAL REAL ESTATE

INDUSTRIAL | 4019 SEBASTOPOL RD | SANTA ROSA, CA $2,500,000 $62,500 174,240 SF 100% leased investment - $132,250 NOI 3 tenants in 4 buildings CR zoning allows for high density residential Area of multifamily and SFR growth Ideally situated at Highway 12 and US 101 $14 5.29% Gary Gustafson gary.gustafson @svn.com 415.472.1660 SVN | MG PROPERTY ADVISORS, INC.

RETAIL | 212 MARKET ST | CHATTANOOGA, TN $2,300,000 $63,250 5,904 SF Zoned D-SH-6 Current parking on site generating revenue Existing building is 5,900 SF of former restaurant space Ample parking in surrounding lots and garages Major downtown events include Ironman, Wine Over Water, Three Sisters Bluegrass Festival Located in the heart of Chattanooga's downtown that includes $1.6B of annual tourism $390 5.29% Kelly Fitzgerald kelly.fitzgerald @svn.com 615.714.6378 SVN | SECOND STORY REAL ESTATE MANAGEMENT

OTHER | 1 S ST CLAIR ST | TOLEDO, OH $2,250,000 $45,000 13,900 SF Floors 1 and 2 are configured as office/flex space, floor 3 as penthouse residence and a private rooftop patio, plus an additional 4,200 SF basement area Onsite , f enced in lot with 14 spots, with an additional 6 spots directly behind building, with security camera monitoring Opportunity to generate parking income during downtown events $162 5.29% Brian Downey brian.downey @svn.com 419.466.6690 SVN | ASCENSION COMMERCIAL REALTY

RETAIL | 7965 FOUNTAIN MESA RD | FOUNTAIN, CO $2,088,000 $41,760 3,552 SF Grocery anchored two-tenant pad bldg | Top grocery store within a 3-mile radius Strong tenants with future rent increases Surrounded by numerous national credit Tenants in Fountain's Premier Shopping Destination In close proximity to I-25 & Fort Carson | Traffic counts over 30,000 VPD $588 Kevin Matthews kevin.matthews @svn.com 303.974.5893 Troy Meyer troy.meyer @svn.com 303.974.5737 SVN | DENVER COMMERCIAL 6.27%

OFFICE | 6080 S 108TH STREET | HALES CORNERS, WI $2,000,000 $60,000 12,339 SF Multi-tenant professional office/medical/retail facility for sale Income in place from an established full service salon Opportunity to assume a contract with long-term revenue for the development of shared work space by a national entity Recently renovated with great exposure on a major retail corridor $162 Nicole Allard nicole.allard @svn.com 414.416.2803 Rachel Olson [email protected] 414.745.8833 SVN | HINTZE COMMERCIAL .17%

LAND | STATE ROUTE 59 | RAVENNA, OH $1,250,000 $50,000 48.78 acres 40 miles southeast of Cleveland Zoning allows for 247 dwelling units Ravenna Township is open to building a 800' x 1000' public access road to reach the site Main line sanitary sewers and water lines run through the middle of the property $25,625 Aaron Davis aaron.davis @svn.com 330.221.7297 Graydon Fox graydon.fox @svn.com 330.703.5283 SVN | SUMMIT COMMERCIAL REAL ESTATE ADVISORS .17%

INDUSTRIAL | 4730 INDUSTRIAL PARKWAY | LAWRENCE, IN $1,150,000 $34,500 15,248 SF 15,248 SF industrial warehouse (3,600 SF office) Drive-in doors | (3) 12' doors Loading docks | (1) 9' loading dock Clear height | 12' 6" Power | 3-phase Great access to I-465 & Pendleton Pike $75 Wade Wilson wade.wilson @svn.com 317.863.9271 Jess Lawhead, CCIM jess.lawhead @svn.com 317.454.2241 SVN | NORTHERN COMMERCIAL .17%

INDUSTRIAL | 21191 BLAIR RD | CONROE, TX $1,120,000 3% + $1,000 bonus 5,600 SF 800 SF office consisting of lobby/reception area, private office, open office area and restroom 4,800 SF climate-controlled warehouse with LED lighting, 3-phase 480 v power, 12’ grade level electric overhead door, washer and dryer connections Located in a gated deed-restricted business park approx. one-mile east of I-45 N in the Oak Ridge submarket between Rayford and Robinson Rd $200 7.58% Neal King neal.king @svn.com 281.367.2220 x 125 SVN | J. BEARD REAL ESTATE - GREATER HOUSTON

OFFICE | 25 SOUTH FERRALL ST | SPOKANE, WA $1,000,000 $30,000 4,723 SF Free standing office building located one block south of Sprague Ave along Freya St in Spokane Property is fully finished with approximately 49 onsite car parks for a healthy parking ratio of 10.4 per thousand square feet of building area Interior includes a front reception area, 8 offices, breakroom, conference room, two openpull pen areas, two sets of restrooms, and storage areas $212 Matthew Byrd matt.byrd @svn.com 509.499.9229 SVN | CORNERSTONE

RESTAURANT | 10960 WHEATLANDS AVE | SANTEE, CA Contact Broker 3% 32,000 SF 2 separate units for flexible use Constructed in 2006 for modern functionality Zoned IL for industrial and manufacturing activities Located in the thriving Santee area Ample space for production or storage High ceilings for vertical storage capacity Well-maintained and move-in ready Easy access to major transportation routes Plenty of parking for employees and visitor 5.5% Adam Weigand adam.weigand @svn.com 619.992.7468 SVN | VANGUARD

LAND | 301 SOUTH LOOP WEST AT HWY 288 | HOUSTON, TX Call for Pricing 3% 10.34 acres Prime location less than 10 mins to Downtown Houston adjacent to the Medical District which houses the world's largest medical complex Suitable for an urban housing development and other land use concepts seeking to capture the high growth nature of the inner loop and Medical District submarket One of the few remaining undeveloped sites on the inner loop with good access and visibility $1,494,307 5.5% Joe Burke joe.burke @svn.com 281.367.2220 x 153 Robert Whitaker robert.whitaker @svn.com 281.367.2220 x 154 SVN | J. BEARD REAL ESTATE - GREATER HOUSTON

OTHER | 1200 W RETTA ESPLANADE | PUNTA GORDA, FL Call for Offers .50% 85,549 SF Fishermen’s Village is a waterfront entertainment destination with a retail mall, hotel, and marina, attracting a diverse customer base all year 47 recently renovated hotel suites overlook the retail section Tenants benefit from steady foot traffic, catering to tourists, locals, and boating enthusiasts Punta Gorda is the 5th fastest-growing metro area in the US Call for offers due 9/2/24 $14 5.29% Ashley Bloom ashley.bloom @svn.com 941.366.1136 Corrie Gates [email protected] 239.250.2240 Bryan Myers [email protected] 239.246.5380 Margeaux McCarthy [email protected] 401.688.0822 SVN | COMMERCIAL PARTNERS

OFFICE | 9237 E VIA DE VENTURA | SCOTTSDALE, AZ Unpriced $150,000 73,959 SF Value add investment or owner/user opportunity Well below replacement cost Potential tenant in tow for majority of vacancy desirable Scottsdale location w/ direct access to the 101 Fwy Amenity rich area w/ countless restaurants, retail, and entertainment $135 Justin Horwitz, SIOR justin.horwitz @svn.com 480.425.5518 Richard Lewis Jr. [email protected] 480.425.5536 Aaron Gutierrez [email protected] 480.425.5517 Sean Alderman [email protected] 480.425.5520 SVN | DESERT COMMERCIAL ADVISORS .17%

July 29-August 3, 2024 WEDNESDAY JULY 31 PROPERTY MANAGEMENT PRODUCT COUNCIL MEETING 1:00 P M EST | 10:00 AM PT