svn live 2-21-2017 weekly property broadcast
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© 2017 SVN International Corp.
WEEKLY PROPERTY BROADCAST
FEBRUARY 21, 2017
PRESENTERS
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© 2017 SVN International Corp.
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© 2017 SVN International Corp.
BOSTON 2017March 28th-31st
REGISTRATION IS OPEN!
SVN|Jumpstart® is designed to provide SVN franchisees and their Advisors with the information they need to utilize the tools, systems, and research available to their advantage. These courses are available both online and in person.
Registration information can be found on the SVN Dashboard (my.svn.com) or on SVN.com (svn.com/svn-jumpstart)
Space is limited, so REGISTER today!
NOTE: Completion of the SVN System for Growth "SVN | Jumpstart® Prerequisite" courses is required.
SVN | JUMPSTART®
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© 2017 SVN International Corp.
ECONOMICTALKINGPOINTS
Commercial real estate sales volume may be growing, or falling, depending on data source.• According to GlobeSt.com, 2016 may set
new records for commercial transactions, or fall short of the 2015 record depending on the final results of December and which data source is used.
• CoStar, through November, shows a slight 0.8% increase in year to date sales compared to 2015, while Real Capital Analytics reports an approximate 6% year over year decline (albeit off of very high 2015 numbers).
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© 2017 SVN International Corp.
ECONOMICTALKINGPOINTS
• According to a survey by the Association of Foreign Investors in Real Estate (AFIRE), 95% of foreign investors see US real estate as a good investment and plan on keeping their level of investment in the US the same following the election and recent increase in interest rates. 34% did say they became more pessimistic, 60% said their sentiments remain unchanged, and 6% said they became more optimistic.
• They do cite concerns about Trump, potential trade wars, and rising rates of interest, but still see the US as a top international market for investment.
After election and interest rate increases, 95% of foreign investors still positive on US Real Estate.
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© 2017 SVN International Corp.
FEBRUARY 21 – FEBRUARY 24, 2017
EVENTS & WEBINARS
THERE ARE NO EVENTS OR WEBINARS CHECK BACK NEXT WEEK
© 2017 SVN International Corp.
RECENTLY CLOSEDDEALS
Sale Price $
Size
$/SF $
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
SVN | Chicago Commercial
4837 S. Michigan AvenueCHICAGO, IL
MULTIFAMILY
9,300 SF
118.28
1,100,000
GEORGE LAUgeorge.lau@svn.com312.756.7353
• Buyer has multiple properties in this area• 30days to close• Condo quality finishes
Sale Price $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
SVN | MCRE INC.
14450 Elevado Rd. & 15930 Nisqualli Rd.
VICTORVILLE, CA
MULTIFAMILY
265,760 SF
103.10
6.7%
27,400,000
MICHAEL MIYAGISHIMA
mikem@svn.com415.837.1200
• Two apartment communities• Total of 320 units• Multiple offers• Built in 1988• Sold above list price• $85,625/ Unit
BRE #01856610
© 2017 SVN International Corp.
FEATURED INVENTORY
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© 2017 SVN International Corp.
FEATURED INVENTORY$61,840,000
BUY-SIDE COMMISSION$1,332,707
FEATURED INVENTORY FINANCIAL SUMMARY
Price $
Buy Side Fee $
Size
$ /SF $
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
17,424 SF
60.83
1,060,000
26,250
SVN | Three Rivers Commercial Advisors
4 East Sycamore TerracePITTSBURGH, PA
LAND
• Prime development opportunity• Panoramic views of Pittsburgh• Situated on Mt. Washington• Zoning approved for 9 townhomes/ condo units
MARC SEIAVITCHmarc.seiavitch@svn.com412.915.3259
LINDA HEININGERlinda.heininger@svn.com412.477.5825
Price $
Buy Side Fee $
Size
$ /Acre $
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
31.75 Acres
34,645
1,100,000
33,000
SVN | Northco Real Estate Services
1863 20th AvenueSTRONG PRAIRIE, WI
LAND
• Located on the shored of Castle Rock Lake with 644 ft of water frontage
• Adjacent to luxury condos (Northern Bay Golf Resort & Marina)
• Northern Bay Resort & The Castle Course are available for sale
• Situated just 20 minutes north of Wisconsin Dells
• Approximately 200 miles from Chicago and well within driving distance for weekend escapes
• Within 20 miles of new Sand Valley Golf Resort, a Ben Crenshaw design, which is sure to become one of the country’s top golf resorts
CAMERON PETERSONcameron.peterson@svn.com
952.820.1688
FRANK JERMUSEK, MDfrank.jermusek@svn.com
952.820.1615
JASON LAMONTAGNEjason.lamontagne@svn.com
952.820.1614
Price $
Buy Side Fee $
Size
$
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
175 Acres
7,400
1,295,000
38,850
SVN | Northco Real Estate Services
Inshalla Country ClubTOMAHAWK, WI
GOLF & RESORT
• Located in the beautiful Northwoods of Wisconsin
• Well manicured 18 hole golf course
• Par 70 that plays 5,915 yards from the Blue tees with a 125 slope rating
• 300 plus members paying dues and contributing to food & beverage revenue
• 10,970 SF clubhouse that include banquet & dining spaces for 400 guests
• Additional housing subdivision with 5 lots (1 acre each)
CAMERON PETERSONcameron.peterson@svn.com
952.820.1688
FRANK JERMUSEK, MDfrank.jermusek@svn.com
952.820.1615
JASON LAMONTAGNEjason.lamontagne@svn.com
952.820.1614
$/Acre
12.3%
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
20,000 SF
63.75
4.7%
1,275,000
38,250
SVN | Landmark
1016 Airpark Dr.SUGAR GROVE, IL
INDUSTRIAL
NEIL JOHNSONneil.johnson@svn.com
630.938.4950
• 20,000 SF flex building• Three existing tenants• 62.5% occupancy• One 7,500 SF vacant unit• 8.4% pro forma cap rate• Shared outdoor dock
Price $
Buy Side Fee $
Size
$ /Acre $
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
4.26 Acres
299,296
1,275,000
51,000
SVN | Florida Commercial Real Estate
2931 New Life WaySEBRING, FL
LAND
• Zoned B-3• Previously approved for a 68 Key Hotel• Access via lighted intersection• Office Depot is adjacent along with multiple national retailers• Just off Hwy 27, the major road that goes through mid Florida• 26,000 ADT• Within 10 minutes of the Sebring International Raceway
NATVAR NANAnatvar.nana@svn.com407.353.1800
CHRIS FOJOchris.fojo@svn.com407.949.8162
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
11,147 SF
145.78
1,625,000
40,625
SVN | Chicago Commercial
403 W. Irving Park RoadSTREAMWOOD, IL
MEDICAL OFFICE
AL LINDEMANlindemana@svn.com312.756.7352
• Excellent medical office owner/ user opportunity• High visibility location• 27,000 cars per day traffic count• Good mix of medical disciplines• Two acre site allows for expansion
7.2%
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
3,465 SF
505.05
2.1%
1,750,000
43,750
SVN | Pacific Commercial Advisors
721 Rollins RoadBURLINGAME, CA
MULTIFAMILY
• Close proximity to downtown Burlingame• Under market rents• Easy access to Interstate 101 Freeway and Caltrain• 2 minute drive, 15 minute walk to downtown
Burlingame• Tuck-under parking
KEVIN CHIN
kevinc@svn.com415.922.2900
JUSTIN WONG
justin.wong@svn.com415.922.2900
BRE #00696127
BRE #01974254
SCOTT DAVIS
scott.davis@svn.com415.922.2900
BRE #00578914
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
10,376 SF
183.11
6.95%
1,900,000
57,000
SVN | Renaissance Commercial, Inc.
693 McCartney RoadYOUNGSTOWN, OH
RETAIL
DARRELL HOOVER
darrell.hoover@svn.com949.423.6990 • Triple-net lease (NNN) with zero landlord responsibilities
• Lease guaranteed by Rite Aid Corp. (NYSE: RAD) providing strong investment
• Lease term remaining of 4 years plus 4 (5 year) options• NOI: $132,053• Tenant has been at this location for 22 years• Modern high-visibility building located on main traffic corridor
across from neighborhood shopping center
BOB WESS
bob.wess@svn.com949.274.2434
JERRY FIUMEjerry.fiume@svn.com234.231.0235
BRE #00700687
BRE #00935430
SVN | Summit Commercial Real Estate Group, LLC
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
32,710 SF
116.17
5.8%
3,800,000
114,000
SVN | Renaissance Commercial, Inc.
1150 Springhurst DriveGREEN BAY, WI
OFFICE
DARRELL HOOVER
darrell.hoover@svn.com949.423.6990 • Class A office building in well-located Baeten Farms Office Park
with short driving distance to airport and downtown• Priced below replacement cost at $116/ SF• Owner/user opportunity for 12,000 SF portion of building as
leases expire• Ample parking at 4:1,000 ratio• Adjacent parcel of land 42,253 SF is also available for sale for
development
BOB WESS
bob.wess@svn.com949.274.2434
BRE #00700687
BRE #00935430
JAY HINTZEjay.hintze@svn.com262.478.0532
SVN | Hintze Commercial Real Estate
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
32,000 SF
187.50
7.6%
6,000,000
150,000
SVN | Renaissance Commercial, Inc.
1501 Harbor Bay ParkwayALAMEDA, CA
OFFICE
DARRELL HOOVER
darrell.hoover@svn.com949.423.6990 • 32,000 +/- SF building in great location
• Cap rate of 7.6% with new tenant 5 year lease• 16,000 +/- SF available for owner/user with existing tenant• Potential uses: corporate office, school or technical/
vocational campus• Close proximity to Oakland and San Francisco Airports and
shipping portals
BOB WESS
bob.wess@svn.com949.428.3080
WEN TUNGwen.tung@svn.com415.922.2900
BRE #00700687
BRE #00935430
SVN | Pacific Commercial Advisors
BRE #01325346
Price $
Buy Side Fee $
Size
$ /SF $
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
19,500 SF
117.95
2,300,000
57,500
SVN | Desert Commercial Advisors, LLC
3423 W. Bethany Home RoadPHOENIX, AZ
OFFICE
JONATHAN LEVYjonathan.levy@svn.com480.425.5538
• Abundance of parking• Can accommodate a variety of uses including office,
educational and retail• Recent capital improvements• Grand Canyon University within walking distance• Conveniently located within minutes of the I-17
Freeway
JUSTIN HORWITZjustin.horwitz@svn.com480.425.5518
Price $
Buy Side Fee $
Size
$ /Acre $
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
6.5 Acres
461,539
3,000,000
60,000
SVN | AVAT Realty
4405 Judith LaneHUNTSVILLE, AL
MULTIFAMILY
• Perfect value add play• Fast growing area• Stable property• Rents significantly under market
DESIREE PALMERdesiree.palmer@svn.com773.886.6010
ANDREW AGEEandy.agee@svn.com256.653.0065
Price $
Buy Side Fee $
Size
$ /SF $
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
25,396 SF
120.10
3,050,000
116,282
SVN | Commercial Realty
12175 NW 39 StreetPOMPANO BEACH, FL
INDUSTRIAL
LES BYRON, SIOR, CCIMles@svncr.com954.771.1212
• Advertised for lease but convinced owner to sell• Seller installed considerable improvements
KEITH KIDWELL,SIOR, CCIMkeith@svncr.com
954.771.1212
STEVE DAVIS, P.A.steve@svncr.com954.771.1212
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
47.045 SF
74.40
3,500,000
35,000
SVN | Rich Investment Real Estate Partners
2741 South Towne AvenuePOMONA, CA
RETAIL
GAREN PETROSSIAN
gpetrossian@svncr.com310.500.3321
• 20 year Triple Net Lease with 10 year option• 6% cap rate in 2019• 3% annual rent increase from 2020 to 2036• Built in 1995; renovated in 2015• Close vicinity to Home Depot, Lowe’s Home Improvement. CVS,
PetSmart, Costco, Wal-Mart, Anheuser-Busch and other national credited tenants
• Over 90,000 traffic count
ALLEN AFSHAR
allen.afshar@svncr.com
310.500.3321
BRE #01930947
BRE #00797725
5.14%
Price $
Buy Side Fee $
Size
$
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
96 Units
47,500
7%
4,560,000
91,200
CHIP KLOPPENBURG
SVN | Desert Commercial Advisors
chip.kloppenburg@svn.com480.425.5517
3518 W. Dunlap Ave.PHOENIX, AZ
MULTIFAMILY
CARRICK SEARScarrick.sears@svn.com480.425.5529
• Great unit mix- mostly 2 bed/ 2 bath
• Value-add opportunity• Great curb appeal- corner
property of 2 major streets• Spacious rental office &
large club house
• Substantial courtyards• Private balconies on each
unit• Community pool and BBQ
area• Master-metered with new
chiller
VICENTE CANTUAvicente.cantua@svn.com480.425.5503
$/Unit
Price $
Buy Side Fee $
Size
$ /Acre $
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
2.69 Acres
2,453,531
6,600,000
100,000
SVN | RealStar Advisors
Downtown Phoenix Land ParcelsPHOENIX, AZ
LAND
• High density multifamily or mixed use opportunities
• Both sites must be sold together• Zoned DTC-BCORE and DTC WARE• 510 E Lincoln St. and 602 S 3rd St.
MICHAEL FINCHmichael.finch@svn.com480.797.9825
JEFF CLINEjeff.cline@svn.com480.442.8395
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
1,034 SF/Unit
125
6.6%
8,000,000
100,000
SVN | RealStar Advisors
745 Dobson RoadMESA, AZ
MULTIFAMILY
MICHAEL FINCHmichael.finch@svn.com480.797.9825
• 62 fee-simple condo portfolio• High occupancy• Amazing location by Cubs Stadium• Reposition for income hold• 2 bedroom/ 2 baths• 2 bedroom/ 2.5 baths• 1 bedroom/ 1 bath
JEFF CLINEjeff.cline@svn.com480.442.8395
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side. 50 % O F THE CO MMI SSIO N | 1 00 % O F TH E T I ME* | TH E SV N D IFFERE NCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2017 SVN International Corp.
1,740 SF/Unit
149
7.4%
9,750,000
180,000
SVN | RealStar Advisors
40 SFR PortfolioPHOENIX, AZ
MULTIFAMILY
MICHAEL FINCHmichael.finch@svn.com480.797.9825
• Advanced SFR SCRUB report• Due diligence and inspection bundle• New build• 40 - 3 bedroom, 2.5 bath home portfolio• 2 car garages
JEFF CLINEjeff.cline@svn.com480.442.8395
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© 2017 SVN International Corp.
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