sperry van ness #cre national sales meeting 8-5-13
DESCRIPTION
The Sperry Van Ness® organization shares a portion of their new weekly listings via their national sales call. Visit www.svn.com/mondaycall if you would like to attend our weekly call which we open up to the brokerage community.TRANSCRIPT
National National Sales MeetingSales MeetingAugust 5, 2013August 5, 2013
SVNIC Welcomes…Sperry Van Ness®
DealPoint Merrill Properties, LLC
1100 West Shaw, Suite 132Fresno, CA 93711(559) 222-9909
Market Areas: Fresno County, CA & Nationwide AcquisitionsAreas of Practice: Specializing in nationwide acquisitions and the sale of Multifamily,
Industrial, and Retail properties in Fresno County.
Mark MimmsMark MimmsManaging Director
David FrankDavid FrankManaging Director
Sterling McGregorSterling McGregorManaging Director
Years of Experience: Mark Mimms (35 yrs); David Frank (28 yrs); Sterling McGregor (20 yrs)
New New my.svn.commy.svn.com Dashboard DashboardThe new my.svn.com dashboard
integrates with all your Google
Apps and a few other important
SVN resources
How to use the dashboard:
1.Bookmark http://my.svn.com
2.Make it your home page on
Google Chrome
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Increase your productivity!!
The Good News:
• 51,000+ visitors to the site in 8 weeks leading up to sale
• Almost 4,956 bidder registrations
• Numerous properties sold, many still in due diligence stage and should close
Quick update from the June AP2013 auction event
The Disappointing News:
• We had fewer competing in the actual bidding action than anticipated
• Nonetheless, sales never over until they are over and many still underway
• Overall results are strong – next page
Keystar
CRE
ReMax
Colliers13 of 16 of this sample page are SVN advisors!
• A “ridiculously low starting bid” will be required to generate bidder action
• Sellers still able to set a reserve – but it must be realistic
• Purchase agreement is now “flexible” and enables buyers due diligence time
• Versus previous event where bidding was “strictly non-contingent”
• A property set up fee of $395 will be charged
• Fee waived if asset was in AP2013
• A refundable deposit of $1,200 will be charged to the seller
• Auctionpoint alliance in place for Auctionpoint alliance in place for online only online only auctions, but for sellers that need a auctions, but for sellers that need a
date certain sale in a more traditional auction format our SVN Auction Services team date certain sale in a more traditional auction format our SVN Auction Services team
is ready, willing and able! – Contact is ready, willing and able! – Contact [email protected] for auctioneer list as for auctioneer list as
team has grown!team has grown!
A number of changes being made to the Q4 event based on what Auctionpoint learned from June eventSee www.Auctionpoint.com
This Week’s Upcoming EventsThis Week’s Upcoming Events
Wednesday, August 7thNational Deal Making Call(8:30am PT / 11:30am ET)
Friday, August 9thPreferred Vendor Webinar: Capdominus
(8:30am PT / 11:30am ET)
951 W. Huron | Chicago, IL
Just Closed!
$665,000Transaction Highlights:•5,300 SF Vacant Land Site in Chicago's River West•12 Flat Being Developed by owner of the Chicago Bulls & Chicago White Sox•Was on the market for 4 years before I listed it and sold it
Jerry [email protected], IL
1407 Alvarado Terrace | Los Angeles, CA
Just Closed!
$800,000Transaction Highlights:•8 Units•All cash•Closed in 30 days•7% cap rate•8.5x GRM
Michael [email protected] Angeles, CA
Brian [email protected] Angeles, CA
Reflections 1 Office Building | Ormond Beach, FL
Just Closed!
$1,660,000Transaction Highlights:•Loan Servicer Client/Seller•Owner/Occupant Buyer•Contract to Close 90 days•SVN Co-Managed the property for 6 months•Cooperative brokerage arrangement with NAI Miami
Bob Lovelace, CCIM, MAI
[email protected] Smyrna Beach, FL
Mt. Vernon Apartment Portfolio | Baltimore, MD
Just Closed!
$4,000,000Transaction Highlights:•84 Units•23 Offers in 1 Month •21 Day Close – All Cash•Fannie Mae Owned •Value Add Purchase
Justin [email protected], MD
715 Cedar Lake Road | Decatur, AL
Just Closed!
$4,240,000Transaction Highlights:•Received multiple bids through a variety of marketing channels•Full price offer within 30 days•7.2% cap rate
Neil Victor, CCIM
Andrew [email protected], AL
355 S. Wilcox | Castle Rock, CO
Just Closed!
$5,848,485Transaction Highlights:•6.60% Cap Rate•14 Years of Firm Term Remaining on Lease•Excellent Store Sales•Rare (10) 5 Year Options•Located Right Off I 25
Jon [email protected] Collins, CO
Kyle [email protected] Collins, CO
Julius [email protected] Collins, CO
Michael [email protected] Collins, CO
Total Inventory:Total Inventory:$60,028,340$60,028,340
Gross Fee Buy Side:Gross Fee Buy Side:$1,521,250.20$1,521,250.20
2504 Green Bay Road | Evanston, IL
$925,000 | For Sale
$27,750 | Buy Side Fee
Offering Highlights:•Ideal For User, Investor, or Developer•Quality Construction, +/- 5000 SF Office, Retail•Long Term Area Businesses; Strong Local Economy•Great Neighborhood; On Major Road to North Shore and Downtown•Directly across from Metra Commuter Rail Station & Public Transportation•Website: http://bit.ly/14ozAxF
John [email protected], IL
701 Pensacola Street | Tallahassee, FL
$950,000 | For Sale
$23,750 | Buy Side Fee
Offering Highlights:•(2) five bedroom units totaling 5,400 SF•6.5% cap rate•Located 100 yards from the FSU campus.•Private parking spots, stainless steel appliances, tile floors, wet bar, tankless water heater, walk-in closets, custom lighting and fixtures, and coastal craftsman style exterior. •Website: http://bit.ly/1b19LCB
Wilson Dean, CCIM
Lender Owned Medical Office | Westminster, CO
$990,000 | For Sale
$29,700 | Buy Side Fee
Offering Highlights:•14,720 SF•Owner/User Medical Office Opportunity•Located on a Major Commercial Road•Near Hospital and Other Medical Offices•Website: http://bit.ly/14oH4R2
Shiva [email protected] Angeles, CA
Troy [email protected], CO
Kevin [email protected], CO
James B. Arthur House | Fort Collins, CO
$1,000,000 | For Sale
$60,000 | Buy Side Fee
Offering Highlights:•Historic registry property•Newer roof and new exterior paint•Parking lot with ample parking spaces and side street parking•Frontage on E. Mulberry Street•Large corner lot•Website: http://bit.ly/16KaXav
Craig [email protected] Collins, CO
AJ [email protected] Collins, CO
Addison Avenue Land | Twin Falls, ID
$1,200,000 | For Sale
$30,000 | Buy Side Fee
Offering Highlights:•6.89 Acres•Excellent location for retail and/or multi-family (with resubmitted PUD)•Minutes from new Chobani yogurt manufacturing facility•660 Feet of frontage on Addison Avenue•Website: http://bit.ly/15kPmbT
Heidi Mickelson, CCIM, SIOR
Wendy’s Net Leased Offering | Charlotte, NC
$1,504,340 | For Sale
$45,130.20 | Buy Side Fee
Offering Highlights:•Carolina Restaurant Group has over 80 location and largest in NC •9 of 10 years remaining on Absolute NNN Lease•Location successfully in operations over 21 years•Carolina Restaurant Group Inc. Guaranty •Newly renovated (2012) to current aesthetic standards•Website: http://bit.ly/13syONd
Mason Adams, LEED, GA
FedEx Corporation City Station/Ship Center | Evansville, IN
$1,550,000 | For Sale
$31,000 | Buy Side Fee
Offering Highlights:•22,815 SF•8.43% cap rate•100% leased and guaranteed by FedEx Corporation•Standard & Poor's: BBB Stable•Build-to-Suit in 1987 for FedEx•High demand, low supply facility type •Additional land available•Website: http://bit.ly/1ciB0vs
Steve Martin, CCIM, CPM
812-471-2500 [email protected], IN
Christopher Stuard812-471-2500 [email protected], IN
4369 Tamiami Trail | Punta Gorda, FL
$2,100,000 | For Sale
$63,000 | Buy Side Fee
Offering Highlights:•CI Zoned - 2.83 acres•13,114 SF Medical Office Building•Good Visibility - Road Frontage on Three Sides•Surrounded by Vehicle Related Businesses•Website: http://bit.ly/1b1eK6n
Linda [email protected], FL
Diane Lawson, CCIM
34.5 Acres on US Hwy 17 | Wauchula, FL
$2,999,000 | For Sale
$89,970 | Buy Side Fee
Offering Highlights:•34.5 Acres•1,600 feet of Hwy frontage•Centrally located at a signalized intersection at the Gateway to the City•Directly Across from McDonalds, Sonic, Taco Bell•Joint Ventures and NNN Developers welcome•Enterprise Zone with available development $$$$$•Website: http://bit.ly/12LDbof
Brad [email protected], FL
3615 Figgs Landing Road | Snow Hill, MD
$3,200,000 | For Sale
$80,000 | Buy Side Fee
Offering Highlights:•180.79 +/- Acres •1,700 +/- SF Residential Home•Home Built in 2007•Website: http://bit.ly/14o9PgS
Ben [email protected], MD
5401 Crossings Blvd. | Nashville, TN
$3,900,000 | For Sale
$87,750 | Buy Side Fee
Offering Highlights:•74,125 SF•For sale or lease. Lease rate is $8 PSF•Remodeled in ‘98 as the Shop at Home national television headquarters.•Active FCC License for a television production studio.•Website: http://bit.ly/16oX57DStan Snipes, CCIM
Anthony Lopes, CCIM, CPM
3545 W. Grand Avenue | Gurnee, IL
$6,000,000 | For Sale
$179,750 | Buy Side Fee
Offering Highlights:•102,902 SF•8.9% cap rate•Hard Corner Location•96% Occupied with Great Tenant Mix, anchor tenants just renewed•Low Lake County Taxes•High Traffic Location near Gurnee Mills & Six Flags Great America•Fantastic Value-Add Investment Opportunity!•Website: http://bit.ly/13tfniO
Paul [email protected], IL
Angelo [email protected], IL
3760 Lamar Avenue | Memphis, TN
$7,500,000 | For Sale
$225,000 | Buy Side Fee
Offering Highlights:•271,730 SF Office; + 22,359 SF Data; + 19,574 SF Fitness•33 Acre Gated and Secured Campus (asphalt parking for 1,100 cars)•Former Fed Ex Global Command and Control Center•Rent ready and an exceptional value @ $ 23.90/SF•Website: http://bit.ly/19C80xU
Harry Altick415-897-4422 [email protected], CA
Country Oaks Apartments | Weatherford, TX
$1,685,000 | For Sale
$33,700 | Buy Side Fee
Offering Highlights:•64 Units•Cap rate 9.7%•Near Weatherford Jr. College•Priced Well Below Replacement Cost •High Visibility Location on Major Thoroughfare•Recent Renovations •Website: http://bit.ly/1clxyjIMark Allen, MSRE
[email protected] Worth, TX
Steve Fithian, CCIM, CPM, SEC
[email protected] Worth, TX
Ascension Point Condominiums | Arlington, TX
$7,750,000 | For Sale
$155,000 | Buy Side Fee
Offering Highlights:•119 Units•Proven History of Condominium Sales •Quality Construction and High End Amenities •Retail value of individual condos in excess of $10.8M •Proximity to Major Employment Centers •Proximity to Major Entertainment District•Website: http://bit.ly/16NJXH8
Mark Allen, MSRE
[email protected] Worth, TX
Steve Fithian, CCIM, CPM, SEC
[email protected] Worth, TX
116 W. Hubbard Street | Chicago, IL
$7,950,000 | For Sale
$139,125 | Buy Side Fee
Offering Highlights:•33,400 SF•Irreplaceable Location in the Heart of•Chicago's River North area•95% occupied w/ NNN Leases•Ground Floor Restaurant, Rooftop & Lower Level Lounges, all with Liquor Licenses•New Construction - Well Maintained•Fiberoptic Wiring•NOI of $527,000 •Website: http://bit.ly/16fHrey
Wayne [email protected], IL
Station Plaza | North Las Vegas, NV
$8,825,000 | For Sale
$220,625 | Buy Side Fee
Offering Highlights:•Wal-Mart Supercenter Shadow Anchored Center•36,307 SF•Total development would be 200,000 SF (+/-) not including Wal-Mart•Land Parcel On and Off Sites appear to be completed (to be verified by buyer)•Bank Owned and Ready to Sell•Website: http://bit.ly/17Wr5Xt
Michael [email protected] Vegas, NV
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