svn live weekly property broadcast 01-16-18
TRANSCRIPT
WEEKLYPROPERTYBROADCAST
January16,2018
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©2018SVNInternationalCorp.
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WELCOMENEWSVNADVISORS
ADVISOR SVNFRANCHISEANDLOCATION
Brian Kim SVN|Vanguard,SantaAna,CA
BriannaRettig SVN|Vanguard,SantaAna,CA
RyanSpitzer SVN|Vanguard,SantaAna,CA
Anthony Acosta SVN|Vanguard,San Diego CA
Martinn Winters SVN|KOVA,Fort Myers,FL
TiffanyLuongo SVN|KOVA,Fort Myers,FL
MatthewMcParland SVN|Chicago Commercial,Chicago,IL
NathalieFisher SVN|Chicago Commercial,Chicago,IL
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WELCOMENEWSVNADVISORS
ADVISOR SVNFRANCHISEANDLOCATION
AshleyR.Haffey SVN|Falvey Group,Albany,NY
JohnLutkewitte SVN|Denver Commercial,Denver,CO
TammyWingo SVN|CommercialRealEstateAdvisors,Charlotte, NC
JohnPfeifer SVN|Park Group,Carmel,IN
Qiana Chavaia SVN|South CommercialRealEstateAdvisors,Miami,FL
BryanVeech SVN|Ward CommercialGroup,Louisville,KY
KristinSchmidt SVN|NorrisCommercialGroupNew Braunfels,TX
AlexanderKearney SVN|Graham,Langlois &LegendreCommercialRealEstateAdvisors, Baton Rouge,LA
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ECONOMIC TALKINGPOINTS
Constructionspendingacceleratedin2017
• DatafromtheCensusBureaushowedthatconstructionspendinghit$1.24trillioninOctober.Thisreadingrepresentsa2.9%yearoveryeargainanda1.4%gainfromSeptember.
• Constructionislikelytocontinuetogrowin2018duetothecombinedeffectsofhurricanerecoveryandnaturaleconomicgrowth.However,itisnotlikelytoincreaseatanyratefastenoughtooversupplycommercialrealestate,infactthedatasuggestsundersuppliesmayoccurinmanysectorssuchasmulti-family.
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ECONOMIC TALKINGPOINTS
RCAreports1.2%growthinpricesinOctober
• RealCapitalAnalyticsCPPIshoweda1.2%increaseincommercialrealestatepricesinOctober.Thisrepresentsanotherall-timehighaspricesgrew8.4%yearoveryear.
• SimilartotheCoStarreport,RCAsaidthattherewasasignificantdeclineintransactioninOctoberlargelyduetoalackofassetsbeingmarketedforsale.Adeclineinlistingssuggestsownersbelievepricesareonlygoingtorise.Thisislookingtobealikelyeventin2018.
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CLOSEDDEALS
SalePrice $
Size
Price/Acre $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
40.13Acres
LAND| SWALSBURYBLVD&CANDLERROAD| BURLESON, TX
• SVNrepresentedtheBuyerandimplementedan"OldSchoolTechnique"inthe11thhourwhentheSellerof55acreswewerenegotiatingwithfailedtosignthecontract.Weimmediatelycontactedtheowneroftheneighboring80acres.
• Weclosedon40acresforourclientandnegotiatedanoptionagreementtocloseontheremaining40acreagein2018.
• ThiswasanallcashdealandweassistedtheBuyerunderareverseexchange
| Live®®
1,600,000
39,870
SVN|DunnCommercial
SalePrice $
Size
Price/Room $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
MULTIFAMILY | 2544 UNIONAVENUE| KLAMATHFALLS , OR
• Goodcashflowwithafantasticonsiteresidentmgr.
• Newwaterheatersandboilersystemover$300,000inupgradesandimprovements
• Collegetown(O.I.T.)withmanystudentsandfacultyresidinginbuilding
SVN|ImbrieRealty
| Live®®
66,607
1,865,000
28Units
7.51%
SalePrice $
Size
Price/Acre $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
2.5Acres
LAND| 30248 DAGSBOROROAD| SAL ISBURY, MD
• USRt.13frontagewithhightrafficvolumeandvisibility
• Groundlease
• Build-to-suit
| Live®®
2,500,000
1,000,000
BRENTMILLER,CCIM,[email protected]
SVN|MillerCommercial
SalePrice $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
415.63
8,000SF
RETAIL | 304 GRANDAVENUE | SOUTHSANFRANCISCO, CA
KEVINCHIN,CCIMBRE#[email protected]
• Historicbankbuilding• Buyerpurchasedtoopenrestaurant• Onmarketfor3years• 500+residentialunitsunderconstructionnearby
SVN|PacificCommercialAdvisors
| Live®®
3,325,000
WENTUNGBRE#[email protected]
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FEATUREDINVENTORY
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FEATUREDINVENTORY:$43,401,000.00
BUY-SIDECOMMISSION:$1,063,845.00
FEATUREDINVENTORYFINANCIALSUMMARY
ListPrice $
BuySideFee $
Size
Price/Acre $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
30,000
LAND | SWANNANOARIVERROAD| ASHEVILLE , NC
• Suggestedhighestandbestuseisself-storage
• Lessthan2-milesfromdowntownAsheville
• Locatedwithin1-mileoftwonew300+unitapartmentcomplexes
• 2,783apartmentunitswithin2-mileradius• 12,000vehiclesperday
SVN|BlackStream,LLC
| Live®®
186,220
1,000,000
5.37Acres
ListPrice $
BuySideFee $
Size
Price/Acre $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
33,000
LAND| 136 TRANQUILL LOOP| WAYNESVILLE , NC
• CastleCreekPhaseIII
• Waynesvilleislocatedapproximately30milesSWofAsheville
• Openzoningsuitableformultipleuses
• Bestandhighestissinglefamily/multi-familyhousing• Preliminarysiteplanninghasbeencompletedwithover$460,000ofsite
work,andinfrastructurecompleted
| Live®®
69,270
1,100,000
15.88Acres
SVN|BlackStream,LLC
ListPrice $
BuySideFee $
Size
Price/Acre $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
59,960
LAND | 3 ROANDRIVE | LAKE HAVASU, CA
PATRICKBAKERBRE#[email protected]
• Mixedusedevelopmentwithallenvironmentalapprovals
• WalkingdistancetothenewHavasu$45milliondollarcasinobeingbuilt
• RVselfstorage/selfstorage/residentialdevelopment
• Ownerwillcarryfinancingtoqualifiedbuyer
SVN|DesertCommercialAdvisors
| Live®®
1,499,000
12Acres
124,917
ListPrice $
BuySideFee $
Size
Price/Acre $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
47,500
LAND | 2228 VESPERC IRCLE | CORONA, CA
ROBZAHARIABRE#[email protected]
• FullyimprovedparcelinprimeSouthCorona
• Ideallocationforoffice/medicaloffice;buildtosuitfornationalbrand• Zonedgeneralcommercial• Immediateproximitytonationalretail,office,medical,financialandrestaurantservices
• Allutilitiestothesite• Conceptualplansavailableformedicalofficeor84unitseniorhousingdevelopment
SVN|RichInvestmentRealEstatePartners
| Live®®
1,666,667
1,900,000
1.14Acres
ListPrice $
BuySideFee $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
7,106SF
58,500
MEDICAL OFFICE | 201 DRIFT COURT | BETHLEHEM, PA
• Turnkeysurgerycenteratafractionofthecostfornewconstruction• Potentialforadditionaloperatingrooms• CentrallylocatedtotheentireLehighValley• ExcellentvisibilitywithsignageonU.S.Route22• 68,400vehiclesperday• Lessthan6milesfromtwolargeregionalhospitals
| Live®®
274.42
1,950,000
SVN|ImperialRealty
ListPrice $
BuySideFee $
Size
Price/SF $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
6,000SF
68,610
• 100%occupiedclassAretailcenterwithe-commerceprooftenants
• LongtermNNNleaseswithannualincreasesandstaggeredleaseexpirations
• Subwayjustexerciseda5-yearoptiontorenew
• LocatedacrossfromWalmartSupercenteralongthebusiestretailcorridorinthecitywithtrafficcountsofover86,000vpd
SVN|DenverCommercial
| Live®®
2,287,000
RETAIL | 5746-5754 PALMERPARKBLVD | COLORADOSPRINGS, CO
6.4%
381.17
ListPrice $
BuySideFee $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
79,875
HOSPITAL ITY | 20 COUNTRYCLUBLANE | WOODSTOCK, NY
• LandmarkWoodstocklodging• Locatedwithinwalkingdistancetothevillage• Fully-redesignedcabins,poolandgrounds• Renovatedbarandrestaurant,offeringbreakfast,brunch,dinnerandlate
night• 14rusticroomsareavailableplus5newroomsinabrandnewcabin• 11additionalcabinroomsarereadyforrenovationstoaddtototalof30keys
| Live®®
261.26
3,195,000
12,229SF
SVN|Deegan-CollinsCommercialRealty
ListPrice $
BuySideFee $
Size
Price/SF $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
5,250
65,400
• VillageInnsingle-tenantnetleasedinvestmentoffering
• Greatdemographicsintradearea
• Caprate5%basedon2018leaserates
• PurposebuiltasVillageInnin1985
SVN|DenverCommercial
| Live®®
3,270,000
RESTAURANT | 23 CENTENNIAL BLVD | HIGHLANDSRANCH, CO
5%
622.86
ListPrice $
BuySideFee $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
98,000
MEDICAL OFFICE | 1975 MEL ISSALANE | AURORA, I L
• $1Mpricereduction• Builtin2006• 100%leased,2units,approx.61,347sfbuildingon4.027acreswith214
surfaceparkingspaces• Appraisedfor$8millionin2009,whenbothtenantswerefullyperforming• Healthclubspaceisapprox.48,937sf(79.77%)• Therapeuticspaceisapprox.12,410sf(20.23%)
SVN|AuctionWorks
| Live®®
79.87
4,900,000
61,347SF
ListPrice $
BuySideFee $
No.ofUnits
Price/Unit $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
138,000
MULTIFAMILY | INDEPENDENTL IV INGCOMMUNITY | CLEVELAND, OH
• Massivepricereductionfrom$9.5Mto$6.9M• IndependentlivingcommunityinthemetropolitanClevelandArea• 196unitson19.39acres• Communityis72%occupiedasofDecember,2017• Community'saveragerentalrateperunitis$1,232permonth• Zoning:U2,U3EL,andU8
| Live®®
35,204
6,900,000
196Units
SVN|AuctionWorks
ListPrice $
BuySideFee $
No.ofUnits
Price/Unit $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
COMMERCIAL REAL ESTATE ADVISORS
©2018SVNInternationalCorp.
385,000
SFRPORTFOLIO| 2406 SW JUNIPERAVE| BENTONVILLE , AR
• Excellentyear1stabilizedcaprateof7.31%withzerocapex• Emergingmarketwithstrongjobgrowthover18%from2010-2015• 96buildforrent(BFR)attachedsinglefamilyresidentialrentalinvestmentportfolio• Homesare2&3BDand2&2.5BAhomesaveraging1,412SFwithqualityfinishes
throughout• Excellentschoolsystemswithgreatschools.orgratingof9/10/10• Experiencedregionalbuilderprovideshomesatcertificateofoccupancy(C.O.)
SVN|RealStar Advisors
| Live®®
160,417
15,400,000
7.31%
96Units
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SVNEVENTSANDWEBINARSFORTHEWEEKOFJANUARY15– JANUARY19,2018
EVENTS&WEBINARS
WEDNESDAYJANUARY17
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8:30am PT|11:30amET
2 0 1 8 S V N A N N U A L C O N F E R E N C E | M A R C H 7 - 9 , 2 0 1 8 | N E W M E X I C O
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