sperry van ness #cre monday national sales call 6 25-12
DESCRIPTION
Sperry Van Ness shares a portion of it's new weekly listings via their Monday Morning sales call. Email [email protected] if you would like to attend our weekly call which we open up to the brokerage community.TRANSCRIPT
Monday National Monday National Sales MeetingSales MeetingJune 25, 2012June 25, 2012
About Leads for GoodTM
Leads for GoodTM is a unique program that combines the needs of non-profits and real estate brokers. If one of your colleagues, friends, family members, or non-profit supporters knows someone selling or buying real estate, they can give that information to our trusted advisors. In return, if we end up as the preferred broker and close the transaction, your non-profit of choice will earn 10% of the closed transaction commission.
Upcoming Calls and TrainingsUpcoming Calls and TrainingsMonday, June 25th
BuildOut Webinar: Unit Mix/Rent Roll (8am PT / 11am ET)
BuildOut Webinar: Advanced Financials (11am PT / 2pm ET)
Tuesday, June 26th Investor/Economic Call with Dr. Sam Chandan (8:30am PT / 11:30am ET)
Brokerage Websites Webinar (10am PT / 1pm ET)
Wednesday, June 27th LeadsForGood Webinar (9am PT / 12pm ET)
BuildOut Webinar: Advanced Financials (12pm PT / 3pm ET)
Thursday, June 28th Multifamily Team Call (9am PT / 12pm ET)
AE Analytics Webinar (10am PT / 1pm ET)
Featured ClosingsFeatured Closings
Elite Title Facility | Blue Springs, MO
Just Closed!
$190,000Transaction Highlights:•Bank REO
•Overcame obstacles with city
•Multiple offers
•20 day close
Greg [email protected] City, MO
12600 SW Crescent St. | Beaverton, OR
Just Leased!
$574,144Key Lease Terms:•Planet Thai, a Vancouver restaurant
serving upscale Thai food is expanding to
the Beaverton area
•They will be leasing 4,855 SF of retail
space at the Beaverton Round, joining Mio
Sushi and Mingo
•The award winning chef Kitisak
Ratanaphupha and his wife Rose will be
bringing their very popular Vancouver
cuisine to Beaverton, which also will
feature a full barKevin [email protected], OR
2335 N. Lombard | Portland, OR
Just Closed!
$580,000Transaction Highlights:•Sold at just under $97,000/unit
•100% occupied
•Closed in less than 60 days
Julie [email protected], OR
Mt. Vernon Apartments | Baltimore, MD
Just Closed!
$595,000Transaction Highlights:•13 apartments – 4 garages
•Value add investment
•Financed by local bank
Justin [email protected], MD
U.S. Rt. 13 | Salisbury, MD
Just Closed!
$600,000Transaction Highlights:•Retail land sale – 1.04 acres
•To be developed for AT&T
Wireless
•Contract to close: 14 months for
approval process
•“Perseverance” – Property was
listed for 10 years!!
Wesley Cox, [email protected], MD
John McClellan, [email protected], MD
Bay Design Building | Ann Arbor, MI
Just Closed!
$1,510,000Transaction Highlights:•Represented local investor in
purchase
•Cash deal closed in 30 days
•Presently 50% retail (furniture
store) and 50% office
•New owner will reposition as
professional office tageting
technology companies
Dan [email protected] Arbor, MI
Mike [email protected] Arbor, MI
Chapel Brook Apartments | Dallas, TX
Just Closed!
$2,450,000Transaction Highlights:•SVN represented both seller and
buyer
•11 total offers
•Eventual buyer was from
California and has extensive
holdings in DFW area
Steve [email protected] Worth, TX
Mark [email protected] Worth, TX
Executive Park | Las Vegas, NV
Just Closed!
$3,000,000Transaction Highlights:•US Bank REO
•Sold well above comparable
properties
•Sold to owner/user
•Less than 50% occupied
•If you can sell office in Las
Vegas, you can sell anything
David [email protected] Vegas, NV
Tony [email protected] Diego, CA
Michael [email protected] Vegas, NV
Dalton Park Apartments | Portland, OR
Just Closed!
$3,100,000Transaction Highlights:•Units: 36
•Built in 2005
•Bought well (appraisal came in
quite a bit higher)
•SVN l B&H represented buyer
•Clean property with no deferred
maintenance
John [email protected], OR
Cliff [email protected], OR
Total Inventory:Total Inventory:$18,553,923$18,553,923
Gross Fee Buy Side:Gross Fee Buy Side:$583,259 $583,259
Tulsa Portfolio – 627 Units | Tulsa, OK
Call for offers | For
Sale 1% | Buy Side Fee
Offering Highlights:•Call for offers – Deadline July 19th
•Tour dates: July 11 & 12
•Two property portfolio
•627 units in Tulsa apartment
portfolio
•Cross collateralized loans
•Assumable loans – High LTV
•$3M in renovations
•Built in 1974
•Expenses at $3,000 per unit
•Individually metered electric
David [email protected] City, OK
Andy [email protected] City, OK
Former Bank Building | Upland, CA
$1,100,000 | For Sale
$33,000 | Buy Side Fee
Offering Highlights:•Great for owner/user
•Freestanding building
•High traffic corridor
•Signalized intersection
•4,540 SF
Jon [email protected], CA
Melrose Freestanding Building | Los Angeles, CA
$1,649,000 | For Sale
$41,225 | Buy Side Fee
Offering Highlights:•Well established national tenant
•Over 7% cap rate
•Excellent demographics and
traffic counts
•One block away from the 101
freeway
Michael [email protected] Angeles, CA
Berkshire Medical Plaza | Broken Arrow, OK
$2,300,000 | For Sale
$69,000 | Buy Side Fee
Offering Highlights:•Class A medical office building, $63/SF
•Great upside; 50% occupied
•Bank owned, possible seller financing
•Broken Arrow top 25 safest, most
affordable suburbs
•RSF: 36,218 SF
•Built in 2000
Ryan [email protected], OK
Tim [email protected] City, OK
14758 North Meridian Street | Carmel, IN
$2,532,923 | For Sale
$37,994 | Buy Side Fee
Offering Highlights:•Cap rate: 6.5%
•Brand new 20 year sale-leaseback;
Absolute NNN
•Corporate guarantee by Don Pablo’s
•Near Kohl’s, Target, Lowes, Walmart
& Whole Foods
•7.17% average cap rate over 20 year
term
Peter [email protected] Rapids, MI
Dave [email protected] Rapids, MI
Dan [email protected], IL
Sean [email protected], IL
Taco Bell | Las Vegas, NV
$2,572,000 | For Sale
$64,300 | Buy Side Fee
Offering Highlights:•Single Tenant NNN Lease.
•Over 10 years left on Original Term
•10% Increases every 5 years
•Las Cal Corp Lease (Nevada
Franchisee)
•Great Location in front of Super
Regional Shopping center with Wal-
Mart, Home Depot, Sam’s Club, etc
•Location, Location, Location !
•Year Built: 2003
•Zoning: C-1 – General Commercial
•Cap Rate: 6% +/-
•Land Area: .56 acres +/-
•Financing Terms: All Cash Preferred
Michael [email protected] Vegas, NV
359 Linden Street | Fort Collins, CO
$1,200,000 | For Sale
$30,000 | Buy Side Fee
Offering Highlights:•Unique and rare downtown Fort
Collins site
•Redevelopment opportunity
•Lot size 1.04 acres
•6,544 SF retail building
•Mixed-use opportunity that can
be combined with adjacent
propertyKyle [email protected] Collins, CO
351 Linden Street | Fort Collins, CO
$2,700,000 | For Sale
$81,000 | Buy Side Fee
Offering Highlights:•Below market rents
•Redevelopment opportunity
•Renovated in 2006
Kyle [email protected] Collins, CO
Colma Assisted Living Facility | Colma, CA
$4,500,000 | For Sale
$90,000 | Buy Side Fee
Offering Highlights:•Licensed 57 bed senior care
facility
•22,432 SF building on ¾ acre
•Recently closed facility
•1995 construction – immaculate
condition
•Can be modified to handle up to
68 residents
John [email protected], CA
Andrew [email protected] Valley, CA