svn | live weekly property broadcast 1.22.18
TRANSCRIPT
WEEKLYPROPERTYBROADCAST
January22,2018
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ECONOMIC TALKINGPOINTS
“Underemployment”ratedownto8.1%,matchespre-recessionlows
• TheBLS’slessdiscussed“U-6”unemploymentratefellto8.1%inDecembermatchinglowsfeltpriortothe“GreatRecession”.
• 2018islikelytoseesignificantwageincreasesaslaborappearstobeinveryshortsupply.Thisislikelyadditionalmotivationforsomeoftherecentlyannouncedbonusesandwagehikesbymanycorporations.
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ECONOMIC TALKINGPOINTS
RCAreports1.2%growthinpricesinNovember;ApartmentandIndustrialsectorstopleadersyearoveryear
• RealCapitalAnalyticsreporteda1.2%priceincreaseinNovember,whichmakestheyearoveryeargainof9.1%.Theapartmentsectorledat10.2%yearoveryearfollowedbyindustrialat9.8%.
• Theindustrialmarketdidgrowintransactionvolumewhileallothersfell.Thisisduetothestrongfundamentalsofindustrialpropertiesgivene-commerceandotherlong-termtrends
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CLOSEDDEALS
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.
OFFICE | 209 TEQUESTADRIVE | TEQUESTA, FL
• Extremelyrare,in-townlocation• Anothercarcollectorsdreambuildingsold• Contracttoclosein20days
SVN|Florida CommercialRealEstateAdvisors
| Live®®
207.42
1,230,000
5,930SF
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.
4,408SF
OTHER | 104 OSBORNEWAY | GEORGETOWN, KY
• 4,408SFbuildingona.97acreoutparceltoWalmart• NathanDillyandMattStonerepresentedanout-of-statecarwashdeveloperto
purchaseoneofhissixnewcarwashesforCentralKentucky• NavigatedcomplextransactiontosellanoperatingcarwashtoBuyerforre-
development• BothBuyerandSellerwereabletousethistransactionforrespectedlegsof
their1031transactionneeds
SVN|StoneCommercialRealEstate
| Live®®
1,750,000
397
MATTSTONE,[email protected]
SalePrice $
Size
Price/SF $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2018SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
23,975SF
RETAIL | 7105 N 51st AVENUE | GLENDALE, AZ
• 100%leased• Threenationaltenants,MAACO,AAMCOandMeineke,inautomotivecenter• 5-yearleaserenewalswith(2)5-yearoptionsforeachtenant
SVN|DesertCommercialAdvisors
| Live®®
2,250,000
93.85
7.2%
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|MillerCommercialRealEstate
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.
238.46
13,000SF
MEDICAL OFFICE | 505 EAST A IRPORTAVENUE| BATONROUGE, LA
STEVELEGENDRE,[email protected]
• RenalAssociatesofBatonRougepurchasedthisbuildingforanewsurgerycenter
• TheBuyerisPIC-VACBuildingPartners,alimitedliabilitycompany
• ThepropertyislocatedonEastAirportAvenue,nearIndependenceCommunityPark
• Thedealincludedvariousmedicalequipment
SVN|Graham,Langlois&Legendre,LLC
| Live®®
3,100,000
SalePrice $
Size
Price/SF $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2018SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
30,000SF
RETAIL | 4195 INLANDEMPIRE BLVD | ONTARIO, CA
• Thisbuildingwasinitiallylistedforlease.Howeversincethetenantwaspayingmonthtomonth,andAllenAfshar andIwerelookingfornewtenants,thebuyersthatpurchasedthebuildinghadtheirowntenantsoitturnedintoabuy.
• NOI:$475,425• Thebuilding,builtin2008,is30,000SFwithlandof2.52acre
SVN|RichInvestmentRealEstatePartners
| Live®®
6.34%
7,500,000
250
GARENPETROSSIANBRE#[email protected]
ALLENAFSHARBRE#[email protected]
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.
75,000SF
OFFICE | 400 N MAYSTREET | CHICAGO, I L
• SVN|ChicagoCommercialwasthesecondbrokeronthisdeal
• Thepropertyhadbeenundercontracttwice
• Thissalesetarecordforpricing/SFforzoning
| Live®®
15,250,000
203.33
SVN|ChicagoCommercial
CHADSCHROEDLBRE#[email protected]
DREWDILLONBRE#[email protected]
JAMESMEADBRE#[email protected]
STEPHENCUSANOBRE#[email protected]
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FEATUREDINVENTORY
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FEATUREDINVENTORY:$51,319,000
BUY-SIDECOMMISSION:$1,083,427
FEATUREDINVENTORYFINANCIALSUMMARY
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.
38,250
LAND| 11042-46 S LANGLEY AVENUE | CHICAGO, I L
• 1acrestoplightcornerforsale,whichislocatedinChicago’sHistoricPullmanNeighborhood,on111th,just0.4milesfromafullinterstateinterchange(I-94)
• LocateddirectlyacrossfromnewlyopenedWholeFoodsdistributioncenter,MethodSoapproductionfacility,Wal-Mart,Harborside Intl.GolfCenterandPullmanNationalMonument
• ThePullmanDistrictisundergoingsignificantjobgrowth(1,000jobsrecentlyadded)
• ZonedM3-3andidealforindustrialorretaildevelopment
| Live®®
1,275,000
43,507SF
SVN|ChicagoCommercial
ADAMNAPP,CCIMBRE#[email protected]
BEVERLYHAYESBRE#[email protected]
29.30
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.
39,000
OTHER| 10601 S 42NDSTREET | PHOENIX , AZ
• ArizonaStatelicensedfor10beds
• Sprinklersandfullalarmsystems(fire,carbonmonoxide,hearingandvisionimpaired)
• Certifiedtohandlehospicepatients
• Value-addopportunitybyfillingremainingbeds
SVN|RealStarAdvisors
| Live®®
574.97
1,300,000
8.81%
2,261SF
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.
79,500
INDUSTRIAL | 2029 BUCKLANE | LEX INGTON, KY
• Propertyconsistsof7,300SFofficespacewith31,500manufacturingspacelocatedon+/-2.63acres
• UpgradedefficientLEDlighting;HVLSfansintegratedinbuildingautomationsystem• 19'9"clearheightslopingto13'eaves• 2dockhighdoorsw/levelersand2grade-leveldriveindoors• Class1div1explosionproofpaintbooth;heavypower(480/3phase);radiantheat• MajorIndustrialEmployers,Includingbutnotlimitedto:Amazon,LockheedMartin,Trane,Big
AssSolutions,UPS,Fed-Ex,Link-Belt,SchneiderElectric,andJ.M.Smucker
SVN|StoneCommercialRealEstate
| Live®®
2,650,000
38,800SF
68.30
MATTSTONE,[email protected]
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.
143,970
INDUSTRIAL | 12308 CORPORATEPKWY| MEQUON, WI
• Thisisapricereduction• Class'A’officeandwarehousewithalongtermleasesinplace• Sellerwillingtomasterleasevacancyfor1yearafterclosing• ConvenientlocationintheMequoncorporatecenter• Amplesurfaceparking
| Live®®
142.29
4,799,000
33,726SF
SVN|HintzeCommercialRealEstate
8.02
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.
49,950
MULTIFAMILY | 310 CAROL INE AVENUE | LA PLATA, MD
• Thismultifamilyproperty,arareopportunity,islocatedindowntownLaPlata,MD,only30minutessouthofWashington,DC
• Historicaloccupancylevelatorabove95%• Value-addopportunity• Recentrenovationsincludeupdatedkitchensandbathrooms(2014),anewroof
(2012)andnewwindowsanddoorsthroughout• Propertyconsistsofauniquemixof1,2,and3brunitsandaprivateparkinglot
SVN|RealSite
| Live®®
96,057
4,995,000
52
SVN|Motleys
6.55%
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.
680,000
SFRPORTFOLIO| 24939 CACTUSAVENUE| MORENOVALLEY , CA
• StrongyearIstabilizedgrossyieldof9.78%&yearIstabilizedcaprateof6.55%• Huge32.85%yearIIRRand13.86%yearIcashoncashwithlittle/nocapital
expenditures• 121homebuildforrent(BFR)singlefamilyresidentialrentalinvestmentportfolio• Majorareajobgrowthinlastfouryearsadding14,000newjobs• RecentlyaddedcompaniesincludeProctor&Gamble,Amazon,Aldi,&Karma
Automotive• Andmostnotably,theWorldLogisticsCenter’s$3billion,2600acrecampusis
beingdeveloped8milesfromIslaVerdewithover$2.5billionofeconomicstimulus
SVN|RealStarAdvisors
| Live®®
284,298
34,400,000
6.55%
121
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SVNPRODUCTCOUNCILMEETINGSFORTHEWEEKOFJANUARY22– JANUARY26,2018
EVENTS&WEBINARS
MONDAYJANUARY22
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THURSDAYJANUARY25
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THURSDAYJANUARY25
RETAIL10:00am PT|1:00pmET
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