SVN Live 9.16.24 Weekly Property Broadcast

SVNIC 125 views 31 slides Sep 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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According to Lightbox’s monthly CRE Activity Index, CRE transaction activity has inched up every month since March, and the sector appears poised for a strong Q4, with the market anticipating one or more rate cuts by the end of 2024. The index softened slightly in August, interrupting a five-month trend of modest increases. However, the analysts of the report did not consider the downtick a concern, with the August level still nine points above its level one year ago. The year-over-year climb in activity reflects a CRE transaction landscape that is gradually thawing from a pricing standoff between buyers and sellers. As rate cuts filter into commercial mortgage borrowing rates, investors are likely to deploy more capital if current patterns hold, causing transaction activity to rise. CRE Poised for Cuts

$ 36,108,050 1,343 acres $26,886 Conservation easement Lake frontage Priority 2 ecological greenway LAND | 13300 LAKE HATCHINEHA ROAD | HAINES CITY, FL SVN | SAUNDERS RALSTON DANTZLER Jeremiah Thompson, ALC [email protected] 352.255.3670

$ 21,973,194 8,491 acres $2,587 Pastures, merchantable planted pines Irrigated cropland, and multiple cleared areas for potential conversion to pasture or reforestation LAND | US 19 SOUTH | TENNILLE, FL SVN | SAUNDERS RALSTON DANTZLER Dean Saunders, ALC CCIM [email protected] 863.287.8340 John A. "Tony" Wallace, CF [email protected] 352.538.7356 Dusty Calderon [email protected] 407.908.9525 Greg Driskell [email protected] 386.867.2736

$12,000,000 81 acres $148,148 Transactional broker between buyer and seller Had listing for 11 years Buyer a national homebuilder for S ingle F amily Residential LAND | MEDICAL BLVD | ENGLEWOOD, FL SVN | COMMERCIAL PARTNERS Ashley Bloom ashley.bloom @svn.com 941.961.7109 Ron Zeigler [email protected] 941.350.9636 7.95%

$4,325,000 5.15 acres $839,806 ±5.15-acre site in Corona adjacent to Mountain Gate Marketplace Sold for $4.325 million to luxury senior care provider All City of Corona approvals secured Construction to begin soon Located at Main St. & Foothill Pkwy. Brett Larson of SVN Insight represented the buyer LAND | 430 W FOOTHILL PARKWAY | CORONA, CA SVN | INSIGHT COMMERCIAL REAL ESTATE ADVISORS Brett Larson, JD, CCIM brett.larson @svn.com 951.600.8634

$3,075,000 48,059 SF $64 3rd property closed with this client in 3 years Overcame environmental issues to get to closing Property fell out of contract but we got the buyer back to the table after a couple of months INDUSTRIAL | 3615 KRAMERS LN | LOUISVILLE, KY SVN | THE MARTIN GROUP Andy Martin, CCIM andy.martin @svn.com 317.849.8001 Chris Stuard chris.stuard @svn.com 812.471.2500 Steve Martin, CCIM, CPM steve.martin @svn.com 812.471.2500 Jerry Ward, CCIM [email protected] 502.297.8797

$ 2,300,000 253 SF $9,090 L ocated at the corner of Ten Mile Grade Road and Scarborough Road The property is equipped with three 12" wells all powered by John Deere diesel engines 4,710 feet of hard road frontage on Scarborough Road and 3,150 feet of frontage on Ten Mile Grade Road LAND | SCARBOROUGH ROAD | ZOLFO SPRINGS, FL SVN | SAUNDERS RALSTON DANTZLER Daniel Lanier [email protected] 863.698.2971

$1,709,765 N/A 2,311 SF Scrap/Re-build of an existing Panera for a new 2,311 SF Starbuck's Outlot in the Bannockburn Green Shopping Center in Bannockburn, IL Located at a major intersection in the prominent northern suburbs of Chicago RETAIL LEASE | 1211 HALF DAY ROAD | BANNOCKBURN, IL SVN | CHICAGO COMMERCIAL Scott Reinish [email protected] 312.667.4609 Lorile Herlihy [email protected] 773.842.0907 Leslie Karr [email protected] 312.529.5792

$ 1,653,000 16.72 acres $98,863 Close to the Lakeland Linder International Airport Easy access to both Tampa and Orlando MSA FLU designation of BP allows a variety of uses LAND | 0 OLD MEDULLA RD | LAKELAND, FL SVN | SAUNDERS RALSTON DANTZLER David Goffe, CCIM [email protected] 863.272.7169 Glenn Folsom [email protected] 863.559.3268 Gary Ralston, CCIM, SIOR, CRE, CPM, CRRP, FRICS [email protected] 863.738.2246

$1,250,172 Long Term Lease 5,544 SF Broker represented the tenant, Habitat for Humanity Chicago Tenant relocated their Pilsen headquarters to 111 W Jackson in downtown Chicago Deal required numerous tours in Pilsen, west loop and central loop areas Tenant committed to a long term lease OFFICE LEASE | 111 W JACKSON BOULEVARD, STE 2130 | CHICAGO, IL SVN | CHICAGO COMMERCIAL Olivia Wirth olivia.wirth @svn.com 312.770.0119

$1,150,000 9,885 SF $116 Closed within 96% of original asking price Under contract within 30 days Seller & buyer very satisfied with SVN's work Multiple offers within the first 30 days SVN identified multiple strong buyers OFFICE | 6445 CORPORATE DR | JOHNSTON, IA SVN | CREATE Heath Bullock, CCIM, SIOR h eath.bullock @svn.com 515.554.7412 Britton Klomstad [email protected] 515.447.1472

$1,050,000 3,172 SF $331 Owner user buyer Two times in escrow SBA financing 98% of full asking price OFFICE | 2211 N 7TH ST | PHOENIX, AZ SVN | DESERT COMMERCIAL ADVISORS Justin Horwitz, SIOR [email protected] 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

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LAND | 7280 NW 42ND AVENUE RD | OCALA, FL $5,250,000 $157,500 21 acres I-75 Frontage (2,000'+ of Frontage) 3 Income Generating Billboards Generous Zoning $250,000 7.03% SVN | MCDONALD & COMPANY Matthew Garff [email protected] 352.644.1552 Bartow McDonald [email protected] 352.274.3800 Stiles McDonald [email protected] 352.288.4491

INDUSTRIAL | 333 WASHINGTON BLVD | MUNDELEIN, IL $3,250,000 $97,500 32,855 SF Single-tenant building on 4 AC lot with a large fenced area with potential for trailer parking, heavy car parking, or outside storage 2 interior docks; 2 oversized drive-in doors, 18' clear height Site allows for future expansion up to 50,000 SF Low Lake County taxes & in 2nd largest municipality in Lake County 30 mi northwest of Chicago and 20 mi north of O'Hare Airport $99 SVN | CHICAGO COMMERCIAL Olivia Czyzynski olicia.czyzynski @svn.com 312.676.1862 Jennifer Hopkins, MBA jennifer.hopkins @svn.com 630.335.6285 Caitlin Crawford [email protected] 773.971.8317

RESTAURANT | 2744 GEORGE BUSBEE | KENNESAW, GA $2,295,000 $57,375 7,400 SF 7,644 SF buildi ng Built in 2002 Zoned GC Prime location in Kennesaw High visibility Strong retail/restaurant investor appeal Well-maintained property Modern design and amenities FF&E included 1.49 acre lot Business can be included with sale, but not required $310 6.91% SVN | CREVISTON REALTY Jacob Bower jacob.bower @svn.com 770.992.5112

RETAIL | 3849 PANOLA ROAD | STONECREST, GA $1,995,000 $59,850 2,356 SF 2,356 SF building with 168 Ft road frontage Zoned C1 for versatile commercial use 3 Bays with Overhead Doors for easy access Equipped with a Lift for vehicle maintenance Office space for administrative operations Two 900 square foot shops for additional storage needs Fenced property for added security and privacy Owner user, will be vacant upon sale 1.24 AC $847 6.91% SVN | CREVISTON REALTY Jacob Bower [email protected] 770.992.5112

OTHER | 3941 COVERED BRIDGE | SMYRNA, GA $1,495,000 $52,325 10,400 SF 10,400 combined SF between 3 buildings 3 renovated units with private, fenced areas Playground and large outdoor fenced space Across from Russell Elementary School Continually renovated 2019-2024 Zoned mixed-use for retail or commercial use Located in the vibrant area of Smyrna .5 acre parcel of undeveloped residential land Approved for over 180 children $144 6.91% SVN | CREVISTON REALTY Jacob Bower [email protected] 770.992.5112

MULTIFAMILY | 1412 NORTH ASHLAND AVENUE | CHICAGO, IL $1,900,000 $42,500 8 units 1410-12 Ashland is located in one of the most Desirable neighborhoods of Chicago with a walkability score of 98% All units are very spacious with updated kitchen and baths, hardwood flooring, air-conditioning and newer mechanical systems. Strong In-Place rents that will continue to go up as Wicker Park has experienced over a 10% rental increase year over year since 2022 $237,500 7.61% SVN | CHICAGO COMMERCIAL Joe Connelly joseph.connelly @svn.com 630.550.1515 Trenton Nicioli trenton.nicioli @svn.com 312.529.5796

INDUSTRIAL | 503 11TH AVE | DALTON, GA $1,750,000 $52,500 30,000 SF 100% Leased Total Land Acreage 1.18 30,000SF Clear Heights 14'-16' Dock Doors: 5 Absolute net leased investment opportunity $58 SVN | SECOND SOTRY REAL ESTATE MANAGEMENT Baker Townsend [email protected] 423.598.6968 Matthew Bonnett [email protected] 423.605.5417 7.03%

INDUSTRIAL | 1127 S CHATTANOOGA ST | LAFAYETTE, GA $1,200,000 $36,000 16,000 SF Credit Worthy Tenant ( GE ) Newly Renovated 3 Dock Doors with Levelers $75 SVN | SECOND SOTRY REAL ESTATE MANAGEMENT Baker Townsend baker.townsend @svn.com 423.598.6968 Matthew Bonnett [email protected] 423.605.5417 6.18%

LAND | SADIEVILLE LAND PARCEL 1 | SCOTT COUNTY, KY $1,605,000 $48,150 10 acres Great development potential with sewer access 10 Acres directly off I-75 (44,800+ VPD) Exit 136 in Scott County 10 miles to Toyota, 25 miles to Lexington, 50 miles to Cincinnati Less than 20 miles to the I-75/I-64 interchange Additional adjacent parcels also available $160,500 SVN | STONE COMMERCIAL REAL ESTATE Travis Rose, MBA travis.rose @svn.com 859.806.1591 Matt Stone, CCIM, SIOR, MBA [email protected] 859.351.5444 6.05%

SINGLE TENANT INVESTMENT | 1602 10TH STREET | REEDLEY, CA $1,592,000 $39,800 10,890 SF Strong national tenant Minimal retail vacancy in trade area Hard corner intersection Nearby national credit tenants Complete renovation in 2014 Remodeled in 2020 $146 6.91% SVN | MG PROPERTY ADVISORS, INC. Gary Gustafson gary.gustafson @svn.com 415.472.1660

LAND | 601 SOUTH YORK ROAD | BENSENVILLE, IL $1,061,446 $63,687 1.43 acres R-5 Residential Zoning DuPage County High street visibility Easy Highway access to I-90, I-290, and Route 83 Close proximity to O'Hare International Airport Surrounded by retail, dining, and commercial business centers $742,270 6.91% SVN | CHICAGO COMMERCIAL David Pernice david.pernice @svn.com 847.233.1115 Margaret Ames [email protected] 847.233.1139

September 16-21, 2024 TUESDAY SEPTEMBER 17 SELF STORAGE PRODUCT COUNCIL MEETING 11:30 AM EST | 8:30 AM PT TUESDAY SEPTEMBER 17 HEALTHCARE PRODUCT COUNCIL MEETING 1:00 PM EST | 10:00 AM PT FRIDAY SEPTEMBER 20 WOMEN OF SVN 1:00 PM EST | 10:00 AM PT