SVN Live 7.8.24 Weekly Property Broadcast

SVNIC 202 views 26 slides Jul 07, 2024
Slide 1
Slide 1 of 26
Slide 1
1
Slide 2
2
Slide 3
3
Slide 4
4
Slide 5
5
Slide 6
6
Slide 7
7
Slide 8
8
Slide 9
9
Slide 10
10
Slide 11
11
Slide 12
12
Slide 13
13
Slide 14
14
Slide 15
15
Slide 16
16
Slide 17
17
Slide 18
18
Slide 19
19
Slide 20
20
Slide 21
21
Slide 22
22
Slide 23
23
Slide 24
24
Slide 25
25
Slide 26
26

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 8, 2024

A recent Q2 2024 CRE outlook by BGO shows that market fundamentals remain firm, capital markets are stabilizing, and most emerging risks remain exogenous. As expected, Industrial maintains the strongest fundamentals across all of CRE, but some normalization and buildup of excess supply is expected in the coming months. On Retail, BGO maintains a positive outlook as low vacancies and healthy rent growth continues to keep the sector strong by historical standards. Multifamily has experienced a slowdown from its post-pandemic boom, with vacancies climbing in some of the markets that had the highest during the boom. BGO sees the vacancy rate stabilizing toward the end of the year before a potential down cycle in 2025, while rent growth is expected to gradually reaccelerate. The report noted that monetary policy remains the primary risk to CRE and that, despite solid fundamentals, CRE markets will be beholden to the future path of interest rates. CRE OUTLOOK

$12,000,000 184 units $65,217 Sold at the asking price Multiple offers: In contract for 9 months Canadian Buyer made the legal process complicated requiring both US and Canadian attorneys SVN to handle the 1031 exchange for seller 8 different entities owning the 184 units, thus 8 different closing statements 17 zip codes SFR PORTFOLIO | 184 HOME SFR PORTFOLIO | CLEVELAND, OH SVN | SFRHUB MARKETPLACE Tom Johnston tom.johnston @svn.com 602.825.1780 Tim Orscheln [email protected] 480291.4330 8.98%% SVN | FIRST PLACE COMMERCIAL REALTY, LLC Victor S. Voinovich, Sr voinovichv @svn.com 888.236.1435

$12,000,000 184 units $65,217 Sold at the asking price Multiple offers: In contract for 9 months Canadian Buyer made the legal process complicated requiring both US and Canadian attorneys SVN to handle the 1031 exchange for seller 8 different entities owning the 184 units, thus 8 different closing statements 17 zip codes SFR PORTFOLIO | 184 HOME SFR PORTFOLIO | CLEVELAND, OH SVN | SFRHUB MARKETPLACE Tom Johnston [email protected] 602.825.1780 Tim Orscheln [email protected] 480291.4330 8.98%% SVN | FIRST PLACE COMMERCIAL REALTY, LLC Victor S. Voinovich, Sr [email protected] 888.236.1435

$2,375,000 5.04 acres $471,230 5.04 acres of land just 30 minutes East of Nashville Future plans of mixed-use commercial space Residential BOV was for $900,000 but SVN Accel sold for commercial land value at $2,375,000 - life changing for the sellers! LAND | 615 RUTLAND DR | MT JULIET, TN SVN | ACCEL COMMERCIAL REAL ESTATE Jana Truman jana.truman @svn.com 615.260.2807 7.6%

$1,796,000 471,27 acres $3,811 Bank Directed Distressed Estate Auction Included Raw Land, Commercial Buildings & Residential Opening Bid Prices totaled $700,000 We More than Doubled that Totaling $1.5 Million at Auction And another $300,000 from both Pre & Post Auction Sales for a grand total of $1.8 Million! INDUSTRIAL | 24 LOTS ACROSS GALLIA COUNTY | GALLIPOLIS, OH SVN | WILSON COMMERCIAL GROUP Doug Wilson doug.wilson @svn.com 614.944.5140 Bill Menish, CAI, AARE [email protected] 502.939.0399 SVN | MENISH COMMERCIAL REAL ESTATE

$1,600,000 36 months w/ renewal options 18,000 SF on 2.4 acres Just leased! Purchased last month. Lease signed this month. Tenant is paying $42,000 per month NNN with 4% annual escalations RV sales and service INDUSTRIAL LEASE | 1820 NW 21 STREET | POMPANO BEACH, FL SVN | COMMERCIAL REALTY Les Byron, CCIM, SIOR [email protected] 954.401.4713 Keith Kidwell, CCIM, SIOR [email protected] 954.234.8777 Steve Davis [email protected] 954.650.7824

$ 1,500,000 15,780 SF $95 New 5 year lease signed at settlement Industrial sale/leaseback Very clean pharmaceutical facility Room to expand or add additional buildings SINGLE TENANT INVESTMENT | 822 CHESAPEAKE DRIVE | CAMBRIDGE, MD SVN | MILLER COMMERCIAL Flo Brotzman [email protected] 410.543.2419 Chris Peek [email protected] 410.543.2427 8%

$ 1,082,066 10 years 5,677 SF New location for non-profit creative arts therapy org helping people overcome health challenges w/ the power of art Flex space conversion to office for dance, music, art, drama, & therapy Collab between architect, clinicians, Bd of directors, lessor, lessee, & brokers, frequent tours/meetings Location allows for expansion & continued community presence Lessor buildout set for 12/1 delivery FLEX LEASE | 1316 SHERMAN AVENUE | EVANSTON, IL SVN | CHICAGO COMMERCIAL Karen Kulczycki [email protected] 312.602.5346

$1,950,366+ $58,028,862+

INDUSTRIAL | 4025 STATE ROAD 60 E | LAKE WALES, FL $23,850,000 $954,000 273,384 SF LED Lighting Ten (10) Dock High Doors 3 Phase 480 Volts 4600 Amps 100 Ton Compressed Air System 380 Tons of Water for Chilling Two (2) Rail Spurs Two (2) Chillers 256k Gallon Fire Suppression Sprinkler System 2018 Roof Repair Five (5) Roof Fans Fiber Optics Installed $87 5.5% Augie Schmidt, SIOR augie @svn.com 863.409.2400 Vinh Dawkins vinh.dawkins @svn.com 865.315.4595 SVN | SAUNDERS RALSTON DANTZLER

OFFICE | 3429 REGAL DRIVE | ALCOA, TN $8,300,000 $249,000 56,604 SF 56,604 SF Office Less than 1/2 mile to TYS Easy access to Downtown and West Knoxville 22 Private Offices Supports 400 workers Rollup Garage Door Sprinkled Data/Server Room $147 5.5% Taylor Durand taylor.durand @svn.com 865.776.5662 Matthew Strother [email protected] 865.309.6272 SVN | WOOD PROPERTIES

INDUSTRIAL | 1507 9TH AVENUE | KNOXVILLE, TN Undisclosed 2.5% 91,298 SF Downtown Knoxville near I-40 Recently Renovated I-G Zoning 3 phase power Dock Doors New TPO roof New LED lighting Sprinkled $87 5.5% Matthew Strother [email protected] 865.309.6272 Taylor Durand [email protected] 865.776.5662 SVN | WOOD PROPERTIES

INDUSTRIAL | 5401 W PERSHING ROAD | STICKLEY, IL $5,800,000 $145,000 16,640 SF Outdoor Storage Maintenance Repair Facility Investment Property For Sale 7.24 % Cap Rate New Five (5) Year Lease with Lease Extension Options Strong Credited Tenant in Place Many Recent Building Upgrades in Place $349 7.24% Jeffrey Piser [email protected] 630.310.7614 David Pernice david.pernice@ svn.com 312.607.3300 SVN | CHICAGO COMMERCIAL

MULTIFAMILY | 120 N LOCUST RD | SPOKANE VALLEY, WA $5,600,000 $168,000 25,410 SF The Gray Ridge Apartments are a 19 unit apartment complex built in 2023 conveniently located in the Spokane Valley (11) 3 bedroom 2 bathroom 1,146 SF units (8) 2 bedroom 2 bathroom 1,043 SF units 1 garage for each unit (19 total garages) with 14 additional car parks and 10 additional 225 SF storage units Finishes include LVP flooring, quartz countertops, and stainless steel appliances $220 5.5% Jordan Lester jordan.lester @svn.com 509.496.6922 SVN | CORNERSTONE

RETAIL | 12825 W 14TH AVE | AIRWAY HEIGHTS, WA $5,138,640 $154,159 49,410 SF Free Standing commercial building with value add opportunity Large parking lot with pad site opportunities Multiple retail tenants interested in portions of the building, can be divided and expanded Seller owns adjacent 1.18 AC additional land to allow expansion Yoke’s lease through May 22, 2025, current lease at $16,500/MO/NNN Zoning allows for commercial, retail, services, restaurants, office & hotel $104 5.5% Guy Byrd guy.byrd @svn.com 509.953.5109 SVN | CORNERSTONE

LAND | W 14TH AVE | AIRWAY HEIGHTS, WA $2,270,222 $68,107 7.9 acres Multifamily and Commercial development land for sale planned to be the Downtown of Airway Heights Ability to create separate parcels or one large parcel by vacating and incorporating W 16th Ave C-1 zoning with conditional use permit allows for multifamily residential and townhouse (mixed use) as well as commercial, retail, services, restaurants & hotel Only 2.6 miles from Fairchild Air Force Base $287,370 5.5% Guy Byrd [email protected] 509.953.5109 SVN | CORNERSTONE

INDUSTRIAL | 2213 ROMIG ROAD | AKRON, OH $2,990,000 $89,700 53,613 SF The Subject Property is located in Akron: 30 miles south of Cleveland and in close proximity to Interstate 76 & Interstate 77 The facility is fully air conditioned and equipped with a wet sprinkler system The building features two 8x8 exterior docks, 3 phase power (800 amps of 480 volts), an intercom speaker system, electric drops, and motion LED lighting Available for lease: $5.50 PSF (NNN) $56 5.5% Graydon Fox graydon.fox @svn.com 330.703.5283 Aaron Davis [email protected] 330.221.7297 SVN | SUMMIT COMMERCIAL REAL ESTATE ADVISORS

MULTIFAMILY | 2026 N 3372ND RD | OTTAWA, IL $2,730,000 $81,900 25,002 SF 18 apts & 1 church Riverfront view Significant recent renovations Large unit footprints Ample parking $109 8.02% Brian Lindgren brian.lindgren @svn.com 630.487.9433 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 jaydabbs @svn.com 210.749.5494 SVN | TRADITIONS

July 8-13, 2024 TUESDAY JULY 9 SINGLE TENANT INVESTMENT PRODUCT COUNCIL MEETING 11:30 AM EST | 8:30 AM PT WEDNESDAY JULY 10 SVN ALL COMPANY MEETING 11:30 AM EST | 8:30 AM PT