SVN Live 9.23.24 Weekly Property Broadcast

SVNIC 149 views 25 slides Sep 21, 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 September 23 , 2024

Multifamily rent growth was flat in August as shifting seasonality trends ended a six-month streak of growth, according to the latest Multifamily National Report by Yardi Matrix. According to the report, the apartment sector is in a holding pattern as the market awaits an imminent September rate cut. Following the Fed’s anticipated move, a thawing of transaction and refinancing activity is expected to follow. An interest rate cut is also likely to reduce the pressure on underwater properties. Still, as rates are poised to come down, the economy is showing signs of cooling, with slowing job growth and weaker wage growth compared to recent years. As the Multifamily market feels rate relief, a slowing labor market may place a drag on consumer and apartment demand. Multifamily Awaits Impact of September Rate Cut

$137,220,376 10 years 927,696 SF Represented the tenant - an international 3PL company Tenant previously applied to lease this building Secured a new rate resulting in $3M annual savings compared to previous representation Client was so pleased that they signed an exclusive tenant representation agreement INDUSTRIAL LEASE | 1979 WEST RENAISSANCE | RIALTO, CA SVN | VANGUARD Anthony Ying [email protected] 714.421.2258

$89,755,004 10 years 577,905 SF Represented the tenant - an international 3PL company 10 year lease Negotiated the lowest rate in the area INDUSTRIAL LEASE | 13277 SAN BERNARDINO AVENUE | FONTANA, CA SVN | VANGUARD Anthony Ying tying @svn.com 714.421.2258

$8,900,000 270 acres $32,963 Multifamily/Single Family Zoning- 172 ± acres (533 units) Hotel Zoning 2 ± acres Planned development Approved PD featuring 427 Single-family lots 106 multifamily lots & 124,400 ± SF retail commercial LAND | US 27 & CR 640 | LAKE WALES, FL SVN | SAUNDERS RALSTON DANTZLER Richard Dempsey, ALC, CIPS r.dempsey @svn.com 863.581.1903

$8,850,000 71,637 SF $124 County of Volusia was the buyer End user for +/- 40,000 SF Balance of space is leased or will be leased after renovations RETAIL | 1544-1588 N WOODLAND BLVD | DELAND, FL SVN | ALLIANCE COMMERCIAL REAL ESTATE ADVISORS Carl Lentz IV, MBA, CCIM carl.lentz @svn.com 386.566.3726

$3,399,630 18,015 SF $230 Seller carried note at 2.99% Local buyer whose tech company will occupy 5k sf of the second floor High traffic, strong demographic location Transacted at $230/sf, far less than replacement cost OFFICE | 2720 COMMERCIAL STREET | SALEM, OR SVN | COMMERCIAL ADVISORS LLC Nick Williams, CCIM nick. williams @svn.com 503.588.0400

$3,070,000 10,062 SF $305 The main office building in Hobe Sound Cash transaction Multiple offers SVN Waterfront was only broker OFFICE | 8930 SE BRIDGE ROAD | HOBE SOUND, FL SVN | WATERFRONT COMMERCIAL REALTY Robert Hamman robert.hamman @svn.com 561.346.2310 5.7%

$2,500,000 8,051 SF $311 Rare west side industrial with fenced yard SBA financing INDUSTRIAL | 2800 S OAK ST | LAKEWOOD, CO SVN | DENVER COMMERCIAL Jeff Heine jeff.heine @svn.com 303.937.4492 Corey Murray [email protected] 720.358.2944

$1,600,000 15,945 SF $100 Part of this office building will be for the headquarters of Noah Cares, a medical and school transportation company that is minority owned Buyer will be updating the building to be energy efficient and modern making it a state of the art headquarters for its business. OFFICE | 9185 E KENYON AVENUE | DENVER, CO SVN | DENVER COMMERCIAL Elizabeth M. Leder, Esq. [email protected] 720.575.9109

$1,030,866 3 years 28,978 SF Freestanding building with fenced outdoor storage Tenant is a dock equipment co 3 year lease with option to purchase and right of first refusal INDUSTRIAL LEASE | 1375 PARAMOUNT PARKWAY | BATAVIA, IL SVN | LANDMARK COMMERCIAL REAL ESTATE Brian Lindgren brian.lindgren @svn.com 630.487.9433

$707,187 $23,393,446

LAND | COUNTY ROAD 38 ½ & HIGHWAY 85 | GILCREST, CO $3,900,000 $117,000 54.5 acres Land for industrial business development US Highway 85 visibility and access Packed, graded, & leveled Onsite central water (large tap) Onsite 220 AMP electric $71,560 SVN | DENVER COMMERCIAL Wesley Perry wesley.perry @svn.com 719.224.0777 Cobey Wess cobey.wess @svn.com 970.488.3162

INDUSTRIAL | 4971 MONACO STREET | COMMERCE CITY, CO $1,675,000 $50,250 9,000 SF Quick access to I-70 & I-270 Well maintained office and warehouse building New roof 2020 & recent HVAC upgrade 60 day lease back period necessary after closing $186 7.03% SVN | DENVER COMMERCIAL Cobey Wess cobey.wess @svn.com 970.488.3162 Wesley Perry wesley.perry @svn.com 719.224.0777

RETAIL | 22-26 W MAIN ST | CARMEL, IN $1,500,000 $30,000 3,123 SF 2 parcels Arts & Design District 2745 SF main level 378 SF finished lower level New roof in 2023 Ample public parking available $480 7.03% SVN | NORTHERN COMMERCIAL Jess Lawhead, CCIM jess.lawhead @svn.com 317.454.2241

INDUSTRIAL | 8075 STERLING DR | SAINT JOSEPH, MN $1,499,000 $44,970 11,880 SF 11,880 total SF Built in 2007 on 2.09 acres 16' clear height 2) 14' drive-in door 1 loading dock 63% heated warehouse / 37% nicely finished showroom/offices Well-developed industrial park Excellent connectivity to St. Cloud and major highway 200 amp electrical panel Warehouse racking included $126 7.03% SVN | GC REAL ESTATE Tom Sanquist tom.sanquist @svn.com 320.282.2042 Mike Bobick [email protected] 320.333.2692

OFFICE | 333 N RIVERSHIRE DRIVE | CONROE, TX $1,250,000 (TENX) Oct. 21-23 3% Two-story Class B professional/medical office building Recent renovations: Exterior paint, landscaping, parking lot resurface & monument signage; Interior: Lobby/common areas and digital tenant directory 68% occupied 6.4/1000 SF parking ratio 336 Marketplace, a 560,000 square foot retail development, featuring grocery and national big-box anchors within one mile Proximity to area hospital systems Located within 1 block of Interstate 45 N NOI: $367,395 40,300 SF SVN | J. BEARD REAL ESTATE - GREATER HOUSTON Neal King neal.king @svn.com 281.367.2220 x125

RETAIL | 810 BROADWAY ST | SEASIDE, OR $1,200,000 $30,000 11,238 SF Prime location in Downtown Seaside Ideal partial owner-user investment opportunity 7.07% p ro forma cap rate Significant renovations including new roof Three stairwells creating great tenant flow 1,440 SF atrium space $107 7.07% SVN | IMBRIE REALTY Rae Nomura, MAI, CCIM rae.nomura @svn.com 503.575.8065

LAND | 373 E INDIANTOWN RD | JUPITER, FL Inquire for Pricing 4.61 acres 4.61 acres The LAST waterfront parcel available for development along the Intracoastal Waterway in Jupiter Situated on 4.61± acres with 350± feet along the water Approved for a two-story 10,630± SF Restaurant & 17,198± SF Office building Located directly across the intracoastal waterway from Harbourside Place $71,560 SVN | WATERFRONT COMMERCIAL REALTY Robert Hamman [email protected] 561.346.2310 SVN | SAFE HAVEN ADVISORS David Kendall david.kendall @svn.com 561.723.8463

September 23-28, 2024 WEDNESDAY SEPTEMBER 25 BEST PRACTICES W/ JOHN MCDERMOTT 1:00 PM EST | 10:00 AM PT THURSDAY SEPTEMBER 26 MULTIFAMILY PRODUCT COUNCIL MEETING 12:00 PM EST | 9:00 AM PT