sperry van ness #cre monday national sales meeting 8-6-12
DESCRIPTION
Sperry Van Ness shares a portion of its 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 MeetingAugust 6, 2012August 6, 2012
SVN Q4’ National Commercial SVN Q4’ National Commercial Online AuctionOnline Auction
Deadline for Properties: August 24 Online Event: October 23-25.
Couple of items for you to consider as you talk to your current listing Couple of items for you to consider as you talk to your current listing
owners or prospects including banks:owners or prospects including banks:
1.1.This is NOT an event for distressed assets only - Numerous assets This is NOT an event for distressed assets only - Numerous assets
are being put into the event that "simply need sold by year end.“are being put into the event that "simply need sold by year end.“
2.2.The 2.5% Buyers Premium is 1/2 of what other Online events The 2.5% Buyers Premium is 1/2 of what other Online events
charge thus attracting more buyers which of course is good for charge thus attracting more buyers which of course is good for
sellers.sellers.
3.3.With First American Title, Auctionpoint, LoopNet, Kline Companies With First American Title, Auctionpoint, LoopNet, Kline Companies
and SVN as participants the national promotion will be far and wide.and SVN as participants the national promotion will be far and wide.
4.4.The event is structured for "closing by year end" and you keep The event is structured for "closing by year end" and you keep
your listing fee!your listing fee!
This event has major national sponsors and will receive tremendous This event has major national sponsors and will receive tremendous exposure in LoopNet and WSJ, etc for your listings and clients' exposure in LoopNet and WSJ, etc for your listings and clients'
properties.properties.
Contact Louis Fisher for information or assistance:[email protected]
954-931-0592
This Week’s Upcoming This Week’s Upcoming Calls and TrainingsCalls and Trainings
Friday, August 10th ClientLook Webinar
(8:30am PST / 11:30am EST)
Featured ClosingsFeatured Closings
U.S. Rt. 13 | Salisbury, MD
Just Leased!
$525,000Key Lease Terms:•Leased to Trade It!
•Growing Regional Retailer
•Landlord to install new façade
•“Perseverance” – Property
was listed and vacant for 3
years!!
Wesley Cox, [email protected], MD
Henry Hanna, SIOR, [email protected], MD
5460 Florin Perkins Industrial Bldg. | Sacramento, CA
Just Closed!
$530,000Transaction Highlights:•In escrow within one month of
listing
•First-time buyers of commercial
property
•Bought by owner-user expanding
their business
Don [email protected], CA
Amanda [email protected], CA
4535 Renaissance Parkway | Warrensville Heights, OH
Just Closed!
$587,500Transaction Highlights:•11,000 SF on 1 acre
•Represented NSL Analytical
Services in the purchase
•Relocation and expansion of
Metalurgical Lab
•Total project: $1.7 million including
building, renovations, equipment;
used SBA loan and county funding
for small businessVictor S. Voinovich, Sr. [email protected], OH
Village Office Condo | Palm Desert, CA
Just Closed!
$590,000Transaction Highlights:•Bank owned property
•CrissCross Solutions – Bank
relationship
•2 offers – optometry group
purchased
•99 days start to finish
Dennis Moore, CCIM
Redwoods Crossroads | Novato, CA
Just Leased!
$607,540Key Lease Terms:•5 year deal
•7,365 Sq. Ft.
•Major wine industry consulting
tenant
•Represented landlord
•$100,000+ in tenant
improvements
John [email protected], CA
1718 W. Summerdale | Chicago, IL
Just Closed!
$650,000Transaction Highlights:•Contract to close: 38 days
•75% LTV financing
•Closed at 5.6% cap rate
Jeffrey [email protected], IL
Brian [email protected], IL
5324-26 N. Kimball Avenue | Chicago, IL
Just Closed!
$960,000Transaction Highlights:•Second time closing this property
for the same owner
•Cash purchase
•From contract to close in 120
days
Reid [email protected], IL
Stephanie [email protected], IL
Net Leased O’Reilly Auto | Alma, MI
Just Closed!
$979,591.50Transaction Highlights:•1785 Wright Avenue
•New 15 year NN lease
•Listed at 7% cap, sold at 7.2% cap
•Strong local buyer represented by
SVN advisor in Farmington Hills, MI
office
•Part of 2-property package; 2nd
property will be closing this week
Dan [email protected], IL
Sean [email protected], IL
Colin O’[email protected], IL
Mark [email protected], IL
Outer Mission | San Francisco, CA
Just Closed!
$1,650,000Transaction Highlights:•Number of Units: 12
•6.15% cap rate
•Fixer upper
•On the market since 2009
Kevin Chin, CCIM
415-922-2900 [email protected] Francisco, CA
Wen Tung415-922-2900 [email protected] Francisco, CA
Mosaic Gardens of Huntington Beach | Huntington Park, CA
Just Closed!
$2,815,000Transaction Highlights:•Joint venture by City of Huntington
Park and non-profit developer
•Involved State of California tax
credit approval
•Involved the rezoning of the
property from motel to apartment
•Original 6 month escrow that was
extended 3 times to 15 months
Luis [email protected] Beach, CA
1499 Evans Avenue | San Francisco, CA
Just Closed!
$4,200,000Transaction Highlights:•Represented seller
•Buyer used SBA financing
•Needed to modify lease to
existing tenant to get over 50% of
the space for SBA qualification
Kevin Chin, CCIM
415-922-2900 [email protected] Francisco, CA
Arbour Court Apartments | Seattle, WA
Just Closed!
$7,400,000Transaction Highlights:•Off-market
•75 days from contract to close
•6.5% cap on in-place numbers
•3.65% acquisition loan
Karlin [email protected], OR
Del Flora Apartments | Redlands, CA
Just Closed!
$13,150,000
Michael Miyagishima, CCIM
[email protected] Francisco, CA
David [email protected] Vegas, NV
Transaction Highlights:•Part of a portfolio
•Major factor in sale was yield
differential of market vs. existing
debt.
Orange Village Apartments | Redlands, CA
Just Closed!
$17,650,000Transaction Highlights:•Part of a portfolio
•Major factor in sale was yield
differential of market vs. existing
debt.
Michael Miyagishima, CCIM
[email protected] Francisco, CA
David [email protected] Vegas, NV
Recent Recent Property Management Property Management
AssignmentsAssignments
Total Inventory:Total Inventory:$5,401,915$5,401,915
Gross Fee Buy Side:Gross Fee Buy Side:$98,128$98,128
Towne Park Manor Condominiums | Louisville, KY
Absolute Auction | For Sale
2% | Buy Side Fee
Offering Highlights:•Lender Approved Absolute Auction:
August 17th, 2012
•18 newer, clean condo’s plus Pad
•Most with tenants
•2 bedroom/2 bath units
•Great location
•Excellent investment opportunityBill Menish, CAI, AARE, BAS
Don Erler, CAI, AARE
Foundry Business Park | St. Charles, IL
$1,140,000 | For Sale
$34,200 | Buy Side Fee
Neil [email protected], IL
Offering Highlights:•15,000 – 19,000 sq ft
•Overhead doors on all 4 sides
•Finish to suit
•Excellent access & parking
•List price reflects unfinished
condition
NNN Walgreens | Kendalville, IN
$4,261,915 | For Sale
$63,928 | Buy Side Fee
Offering Highlights:•Walgreens (NYSE: WAG) S&P
rated A
•Zero cash flow opportunity
•17% equity required/debt must
be assumed
•20+ years remaining on absolute
net lease
•Excellent 1031 niche
replacementMark [email protected] Wayne, IN
Troy [email protected] Wayne, IN
Thank you for joining us! Thank you for joining us!
For information about all of For information about all of
our listings please visitour listings please visit
www.svn.com