SVN Live 9.9.24 Weekly Property Broadcast

SVNIC 125 views 30 slides Sep 08, 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 a recent analysis by Chandan Economics, home prices in the seven key 2024 election swing states have surged in recent years, raising the salience housing affordability may have on the upcoming US presidential election. Utilizing valuation data from Zillow, while national home prices have risen by an average of 45.0% between January 2020 and July 2024, roughly 62% of swing state metros have seen home prices rise faster than the national average, with metros in the Sun Belt standing out. Rent increases have mirrored this trend, with 81.8% of tracked rental markets in the seven swing states experiencing growth higher than the national average of 32.2% since the start of the pandemic. The analysis suggests that rising housing costs will play a pivotal role in voter sentiment, with candidates’ housing proposals likely to resonate more in these politically decisive states. Swing State Housing Affordability Trends

$12,000,000 81 acres $148,148 Transactional broker between buyer and seller Had listing for 11 years Buyer a national homebuilder for single family 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%

$5,400,000 4.79 acres $1,127,349 54,000 SF religious facility on 4.66 acres land site Marketing campaign produced multiple offers Purchased by Wilmette Park District for future facility growth Seller negotiated short term lease-back of the property One of many Chicago- North Shore area transactions we have completed OTHER | 3220 BIG TREE LANE | WILMETTE, IL SVN | CHICAGO COMMERCIAL Wayne Caplan wayne.caplan @svn.com 312.529.5791

$4,547,000 784 acres $5,800 Beautiful, productive, and irrigated farm ground Approximate 784 acre farm has yielded successful crops of peanuts, corn, earlage, green beans, and more Almost every acre of this property is under center pivot irrigation, thanks to well maintained 2012 Valley Pivots LAND | SE 557TH STREET | OLD TOWN, FL SVN | SAUNDERS RALSTON DANTZLER David Hitchcock, ALC, CCIM david.hitchcock @svn.com 863.557.0082 Clay Taylor, ALC [email protected] 863.224.0835 Shea R. Booster [email protected] 541.771.1177

$4,100,000 109 units $37,615 Achieved over asking price Provided extensive admin and operation support to the seller throughout the process 24-months from list to close with ten close date extensions Navigated a new Iowa Change of Ownership process that delayed the sale HEALTHCARE | 910 E OLIVE STREET | MARSHALLTOWN, IA SVN | CREATE Jennifer Espeland Voigt jennifer.voigt @svn.com 515.402.3360 SVN | SLA John Klement john.klement @svn.com 414.788.2942

$3,718,000 1,141 acres $3,259 1,141 acre productive timberland tract in North Florida that can provide the investor with timber harvest cashflows and recreational opportunities now and potential development Approximately 1 mile of frontage on SR-100 Property is only 5 miles SE of Lake City, Florida and is located only five minutes away from the Lake City Airport and the 2,622-acre North Florida Mega Industrial Park LAND | SE STATE ROAD 100 | LAKE CITY, FL SVN | SAUNDERS RALSTON DANTZLER Tony Wallace, CF tony.wallace @svn.com 352.538.7356 Matthew Simpson, CF matthew.simpson @svn.com 352.317.8932

$3,000,000 48,110 SF $62 River North turn of century 7 story office building 50% leased property One of Chicago's last bird cage elevator buildings OFFICE | 116-22 W ILLINOIS STREET | CHICAGO, IL SVN | CHICAGO COMMERCIAL James Mead, CCIM james.mead @svn.com 312.676.1871

Undisclosed 12,000 SF Flex industrial Owner/user INDUSTRIAL | 1595 & 1597 HART CT | SOUTHLAKE, TX SVN | TRINITY ADVISORS Matt Matthews, MBA, CCIM matt.matthews @svn.com 972.765.0886

$1,650,000 21.7 acres $76,037 LEGOLAND theme park is less than 20 minutes away Conveniently located between Winter Haven and Bartow 515 ± FT paved road frontage on Old Eagle Lake Road Future land use allows for five units per acre LAND | 3257 OLD EAGLE LAKE ROAD | WINTER HAVEN, FL SVN | SAUNDERS RALSTON DANTZLER R. Todd Dantzler, CCIM todd.dantzler @svn.com 863.287.3586

$1,549,000 45,000 SF $34 Non-conforming industrial property sold for MF conversion 111 year old industrial property once manufactured World War II vehicle parts Perfect buyer to utilize historic tax credits in MF market rate conversion INDUSTRIAL | 325 S UNION STREET | AURORA, IL SVN | CHICAGO COMMERCIAL James Mead, CCIM james.mead @svn.com 312.676.1871

$1,450,000 6,210 SF $233 Two contiguous flex industrial condos Local electrical contractor needed to expand Buyer plans for significant upgrades INDUSTRIAL | 9299 W OLIVE AVE #510-511 | PEORIA, AZ SVN | DESERT COMMERCIAL ADVISORS Jonathan Levy jonathan.levy @svn.com 480.425.5538 Elijah Stephens [email protected] 480.425.5513

$1,400,000 69 acres $20,290 Met principal owner in Feb 2018, learned about the Richmond parcel, presented a proposal, and listed it John passed in 2020, so we worked with his family. Offers came in late 2021, but fell through in early 2022, leading the family to take it off the market In Spring 2024, the family decided to re-list. It quickly went under contract with the previous 2021 buyer and closed within 150 days LAND | 1819 IRVINE ROAD | RICHMOND, KY SVN | STONE COMMERCIAL REAL ESTATE Neal Metcalfe neal.metcalfe @svn.com 859.312.8069

$360,552+ $13,361,560+

LAND | 3153 W SILVER SPRINGS BLVD | OCALA, FL $5,000,000 $150,000 21.5 acres 1/2 mile from I-75 Fully signalized intersection Zoned heavy industrial Water and sewer to site $232,558 SVN | MCDONALD & COMPANY Stiles McDonald stiles.mcdonald @svn.com 352.288.4491 Bartow McDonald bartow.mcdonald @svn.com 352.274.3800 Matthew Garff [email protected] 352.644.1552 6.05%

LAND | 7600 S KEDZIE AVENUE | CHICAGO, IL $3,500,000 $87,500 7.038 acres Rare infill site that is ideal for container storage, Build to Suit, or spec development The land site is within 10 minutes of Midway Int'l Airport 3/4 mile to Norfolk Southern Landers Yard & 4 Miles to Bedford Industrial Park A land leasing opportunity will be considered $497,300 SVN | CHICAGO COMMERCIAL Caitlin Crawford caitlin.crawford @svn.com 773.971.8317 John Joyce, CCIM, SIOR [email protected] 847.778.1254 6.15%

RETAIL | 700 N KILLINGSWORTH ST | PORTLAND, OR $1,258,560 $37,757 5,203 SF 3,496 SF ground floor retail space 1,707 SF of basement space 3 storefront entrances 13'8" storefront ceilings and 9" basement ceilings 2 restrooms & 1 kitchenette Exposed brick interior walls Across from Portland Community College & 1 block from Jefferson High School $242 SVN | IMBRIE REALTY Rae Nomura, MAI, CCIM rae.nomura @svn.com 503.575.8065 6.15%

OFFICE | 5214 N WESTERN AVENUE | CHICAGO, IL $1,250,000 $37,500 +/- 9,000 SF 0.23 Acres Redevelopment opportunity 40th Ward Western Avenue Corridor 15 units on 3 floors Private rear parking 77% occupied $168 SVN | CHICAGO COMMERCIAL Karen Kulczycki, CCIM kkulczycki @svn.com 630.330.3352 2.46%

MULTIFAMILY | 1017 N CRESTLINE ST | SPOKANE, WA $1,250,000 $31,250 8,938 SF (8) 1 bed 1 bath 600 SF apartment units (18) 200 SF mini storage units and (2) 150 SF mini storage units Improvements: new roof in 2017, replaced all windows in 2018, replaced siding in 2018, new sprinkler system in 2018, replaced all exterior doors in 2019, and new central electrical system in 2024 Easy access to local parks, schools, shopping centers, 5 Universities, & Downtown Spokane $140 SVN | CORNERSTONE Jordan Lester jordan.lester @svn.com 509.496.6922 6.76%

MULTIFAMILY | 705 JACKSON STREET | OAKLAND, CA $1,200,000 $30,000 7,133 SF 98 Walkscore 6 Spacious Full-Floor Flats Owner/User Opportunity Huge rental upside Immediate access to I-880 Freeway $168 SVN | PACIFIC COMMERCIAL ADVISORS Justin Wong [email protected] 510.917.2022 6.48%

OTHER | 5859 ASHWORTH R OAD | WEST DES MOINES, IA $1,103,000 $16,545 13,262 SF Cadence Academy operates in 30 states coast to coast Necessity tenant in a strong daytime workforce market NN lease with minimal landlord responsibilities Tenant covers taxes / CAM / insurance directly Strong Midwest net lease asset Offering higher returns than coastal properties $83 SVN | CHICAGO COMMERCIAL Tim Franz tim.franz @svn.com 312.676.1874 6.05%

OFFICE LEASE | 4600 25TH AVENUE NE | SALEM, OR $21/SF/YR 5+ years 3% Suites 177 (5,390 SF) & 160 (26,826 SF) Available Now Suite 180 (48,857 SF) available Jan. 2025 Visible to I-5 with great parking Rents from $21.00/SF full service Healthy tenant improvement packages available 253,000 SF total 81,073 SF available SVN | COMMERCIAL ADVISORS, LLC Curt Arthur, SIOR curt.arthur @svn.com 503.559.7990 Nick Williams, CCIM [email protected] 503.569.4449 6.76%

INDUSTRIAL LEASE | 6750 SW 111TH AVE | BEAVERTON, OR $1.35 Blended (NNN) 5+ years 3% Centrally located Excellent highway access 15,279 temp controlled SF 6 dock + 2 grade Ample 3p, 277-480v, 1600a 23,660 SF SVN | BLUESTONE Jim Wierson II [email protected] 503.969.9596 6.76%

RETAIL | 197 FOOTHILLS MALL DRIVE | MARYVILLE, TN Negotiable Negotiable 3% Available spaces: junior box suite, a 2AC outparcel for sale or lease, and versatile inline spaces, including a fully built-out restaurant w/ outdoor patio Diverse tenant mix: Publix, BJ's Wholesale Club, and AMC Theater Prime Location: Intersection of 3 regional hwys grants high traffic counts and visibility Recent Improvements: New facades, restriped parking lot, and fresh landscaping 435-35,000 SF SVN | WOOD PROPERTIES McKenzie Kramer mckenzie.kramer @svn.com 951.401.3343 Elizabeth Houser elizabeth.houser @svn.com 513.315.7694 6.05%

September 9-14, 2024 WEDNESDAY SEPTEMBER 11 RETAIL PRODUCT COUNCIL MEETING 1:00 P M EST | 10:00 AM PT SATURDAY SEPTEMBER 14 SATURDAY CALL WITH JOHN MCDERMOTT 11:30 AM EST | 8:30 AM PT