svn | live weekly property broadcast 12.18.17
TRANSCRIPT
WEEKLYPROPERTYBROADCAST
December18,2017
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©2017SVNInternationalCorp.
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ECONOMICTALKINGPOINTS
SignificantgrowthinCMBSobservedfor2017,expectedtoflattenin’18accordingtoMBA
• TheMortgageBankersAssociationreportedthat2017CMBS/Multifamilyoriginationswillincreaseabout6%over2016levelstoreach$515billioninnewlending.
• Overall,theMBAreportsbroadhealthinthelendingmarketandgreatstabilityincommercialrealestatemarkets,thisisnotexpectedtochangein2018.
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ECONOMIC TALKINGPOINTS
Despitestore closings, retail real estate holds stead in 3Q, according to REIS
• REISreportedmixedresultsforretailmarketswith42ofthe80metrostrackedexperiencingnegativenetabsorptionin3Q;rentgrowthhasremainedstablefor2017witha0.5%increaseinthemostrecentquarter.
• Whilesomestoresandnationalchainclose,therecontinuestobenewtenantsfillingmuchofthevacancy,whichisunderstandablegivenhowstrongtheconsumereconomyistoday.
©2017SVNInternationalCorp.
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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
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
297.62
3,900SF
JOHNMCDERMOTTBRE#[email protected]
• Ownerbuilttheproperty40yearsagoforhisbusiness• Localindustrialbrokersvaluedtheassetbetween$600and$800K• Buyerwasanowner/user• PurchasedwasfinancedwithanSBAloan• Recordsetterforthemarket- TheSVNDifference
SVN|ChicagoCommercial
| Live®®
1,168,000
INDUSTRIAL | 2200 EAST H IGGINS ROAD| ELK GROVEV ILLAGE, I L
SalePrice $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
101.37
14,033SF
• Owneruser/oilfieldbusiness• FullHVAC,mainflooris14,033SF,additionalfinishedmezzaninehas1,446SF• Newroofin2016• Fencedstorageyardwithconcreteapron
SVN|DenverCommercial
| Live®®
1,422,500
INDUSTRIAL | 655 ACADEMYCOURT| WINDSOR, CO
SalePrice $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
34,339SF
OFFICE | 6110 BLUEC IRCLE DRIVE | MINNETONKA, MN
• RepresentedBakerAssociates(internationalmarketingfirm)inpurchaseofamulti-tenantbuildingforcorporateHQ
• Pre-closingrelocationagreementsexecutedwithall1stfloortenantsmovingto2ndfloor
• Projectmanagementofpost-closing$1.34mminbuildingrenovations• LocatedinMinnetonka– avibrantsuburbjustwestofdowntownMinneapolis• NearbyUnitedHealth'sCorpHQ,andmanyotheroffice,hotels,restaurants
SVN|Northco
| Live®®
1,760,000
51.25
FRANKJERMUSEK,[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
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
17,330SF
OFFICE | 5051 CASTELLODRIVE | NAPLES , FL
• Currentusewasanexecutivesuitebuilding
• Buyerwasalocalinvestor
• SufferedHurricaneIrmadamagewhileincontract
• Concentratedefforttoremediatedamage
SVN|KOVA
| Live®®
1,800,000
103.87
SalePrice $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
23,760SF
INDUSTRIAL | 4627 ARNOLDAVENUE| NAPLES , FL
• SVN'NationalExposure'gotthelisting• Buyerwasalocalinvestor• UsedSVN'sMatterport 3DVirtualTourtomarket,which
savedtimeandeliminatedtirekickers
SVN|KOVA
| Live®®
2,400,000
101.01
SalePrice $
No.ofUnits
Price/Unit $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
20,000
160UNITS
• Assetsale• Fromcontracttoclosingwithin45days• Cashbuyer• Sellerrepresentedby3SVNAdvisors
SVN|Hotels
| Live®®
3,200,00
HOSPITAL ITY | 2735 N MONROESTREET | TALLAHASSEE, FL
SVN|SouthLandCommercial
SVN|FloridaCommercialRealEstateAdvisors
SalePrice $
Size
Price/SF $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
• Multi-tenantshoppingcenterwith3newtenantswhowerefinishingbuild- outrightupuntilclosing
• Ampleparkingand40+feetoffrontageonbusyHoverRoad• GreatlocationincentralLongmontnearhighdensityresidential,
schools,andhospitals
SVN|DenverCommercial
| Live®®
4,500,000
RETAIL | 1751 N HOVERSTREET | LONGMONT, CO
.
7.4%
233.20
19,297SF
SalePrice $
Size
Price/SF $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
521.93
14,820SF
SINGLE TENANT | HOUSTON, TX
GLENBERHOWBRE#[email protected]
• Securedinternationalinvestorasthebuyer• 53rdCVS&Walgreen'sclosedbySVN|NetLeaseTexassince2012/9th
in2017• "New"Walgreen'sbuiltin2017andjustopenedinDecemberof2017
SVN|NetLeaseTexas
| Live®®
5.25%
7,735,000
SalePrice $
Size
Price/SF $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
297.62
42,000SF
WAYNECAPLANBRE#[email protected]
• 42,000SFloftofficebuilding
• LocatedinChicago'spre-eminentWestLoopneighborhood
• Over90%leasedwith2016NOIofapprox.$850,000
• Approx.CAPrateof6.7%uponsale• SVNrepresentedtheSeller
SVN|ChicagoCommercial
| Live®®
12,500,000
OFFICE | 117-121 N JEFFERSON | CHICAGO, I L
LEEFFRENCHBRE#[email protected]
6.7%
©2017SVNInternationalCorp.
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FEATUREDINVENTORY
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©2017SVNInternationalCorp.
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FEATUREDINVENTORY:$31,209,000
BUY-SIDECOMMISSION:$673,545
FEATUREDINVENTORYFINANCIALSUMMARY
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
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
44,970
MEDICAL OFFICE | 50 OLDV ILLAGEDRIVE | COLUMBUS, OH
• Pricereductionof10%,or$150,000(from$1.65mil.To$1.499mil.)• Motivatedsellerlookingtocloseorgointocontractbeforeyearend• Stabilizedmedicaloffice• Nationalandlocalcredittenants• LocatedinColumbus'CasinoDistrict• BclassbuildinglocatedinatertiarymarketwithAclassrentroll
| Live®®
75
1,499,000
20,000SF
SVN|WilsonCommercial
8.5%
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
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
46,250
HOSPITAL ITY | 1519 GRANDAVENUE| MONTEV ISTA , CO
• 320%pre-renovationrevenuesin1styear• 28%ADRincreasesincerenovationcompletion• PIPsforbothChoiceandWyndhamperformedwithminimal
requirementstoconverttoeither• Newlyrenovatedin2017
SVN|DenverCommercial
| Live®®
88.65
1,850,000
20,868SF
10.26%
ListPrice $
BuySideFee $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
11,910SF
70,000
• Highlyvisible(200,000VPDonCentral)• ShadowanchoredbyCinemarkTheaters• 293,000tradeareapopulation• Freestandingretail• 22'highceilings• Builtin2007
SVN|DavidCookCo,LLC
| Live®®
2,800,000
RETAIL | 7225 CENTRAL EXPRESSWAY| PLANO, TX
235.10
ListPrice $
BuySideFee $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
12,135SF
81,250
• Prestigiouslocation• Hightraffic(48,000VPD)• Duplex-ablebuilding• Freestandingretail• 2millionshopperswithina30minuteradius
SVN|DavidCookCo,LLC
| Live®®
3,250,000
RETAIL | 2801 E SOUTHLAKEBLVD| SOUTHLAKE, TX
267.82
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
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
26,138SF
113,000
RETAIL | 9812-9832 N 7TH STREET | PHOENIX , AZ
• Threefreestandingretailbuildings• Longtermtenantsinplace• Highhistoricoccupancy
• Belowmarketrents- valueaddopportunity• Recentcapitalimprovements
SVN|DesertCommercialAdvisors
| Live®®
216.16
5,650,000
7%
ListPrice $
BuySideFee $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
87,720SF
177,000
TIMDAVIS,[email protected]
• Vacantparcelwith204'ofoceanfrontage• 428'deepatthesouthernend• 432'deepalongthenorthernend• Seawallingoodcondition• EasymainlandaccessviaSilverBeachBridge• Sellerhasarranged$19mmofEB-5equityfortheparcel
SVN|AllianceCommercialRealEstateAdvisors
| Live®®
5,900,000
LAND| 1015 S ATLANTIC AVENUE| DAYTONABEACH, FL
67.25
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
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
129,924SF
141,075
TIMFRANZBRE#[email protected]
• AbsoluteNNNgroundlease• 100%feesimple• RareHomeDepotgroundleasewithguaranty(S&PA-Rating)
• 8.5%rentalincreases• Excellentretailco-tenancyinimmediatemarket
SVN|ChicagoCommercial
| Live®®
10,260,000
RETAIL | 3560 E MAINSTREET | FARMINGTON, NM.
78.97
5.5%
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