sperry van ness #cre national sales meeting 6-24-13
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 MeetingJune 24, 2013June 24, 2013
UPDATE: UPDATE: Vital Factor TeamsVital Factor Teams
What is a Vital Factor Team? A Vital Factor Team is a small group of 6-8 advisors or managing directors that meet on a regular (monthly) basis to focus on the vital few things that will drive their business to the next level.
How often with the VFTs meet and how long with those meetings last. VFTs will meet on a monthly basis. The calls should last about an hour.
What are the Vital Factors that will be measured? The Vital Factors will be different for the Managing Director, Advisor, and
Property Management VFTs. Looking at the best practices of leading offices and top performers, we have created a list of Vital Factors. This is a starting point. The Vital Factors will change as we implement the initiative and learn more.
What platform will be used for the VFT meetings. Google Hangouts will be used. To use the complete functionality of Google Hangouts, you need to register for Google Plus.
What kind of commitment am I making? You are committed to systematically sharpening your ax. You will be committing to attending 12 VFT meetings a year. You are committing to setting stretch goals and being held accountable. You are committing to a fair amount of transparency. You are also committing to sharing you wisdom and experience with you VFT. You are essentially committing to becoming a better advisor.
Who is leading these VFTs? Advisors and managing directors are volunteering to lead these VFTs.
VFT’s Frequently Asked Questions:
1. The VFT teams have been created. 2. Over the next few days you will receive an email from Bo
Barron. This introductory email will contain the names of your fellow team members and important information regarding your monthly team meetings.
This Week’s Upcoming EventsThis Week’s Upcoming Events
Thursday, June 27thNational Multifamily Call
(9am PT / 12pm ET)
Leads For Good Webinar(10am PT / 1pm ET)
Friday, June 28th Investor/Economic Forum with Dr. Sam Chandan
(8:30am PT / 11:30am ET)
Old National Bank | Muncie/Yorktown, IN
Just Closed!
$500,000Transaction Highlights:•Yorktown is a small bedroom community to Muncie(Ball State)•Nine Years Remaining On Absolute Net Lease•Seller was out of state fund•Sold at 8% Cap Rate
Mark [email protected] Wayne, IN
3216 D. Street | Hayward, CA
Just Closed!
$690,000Transaction Highlights:•Residential development land•Local trade buyer•Closed without entitlements•3 year Seller financing-50% purchase price•Represented Seller and Buyer•Three month close of escrow
Scott C. Davis415-922-2900 [email protected] Francisco, CA
Restaurant Site | Tallahassee, FL
Just Closed!
$775,000Transaction Highlights:•New Location for a Newks Express Café Franchise•2nd Newks location•On the Florida State University Campus’s ‘Restaurant Row”
Carlton Dean, CCIM
Preston Hall, CCIM,
9641 Plaza Circle | El Paso, TX
Just Closed!
$800,000Transaction Highlights:•This is the 2nd time Michael T. Livingston has sold this property in 3 years.•From Contract to Closed in a total of 51 days.•El Paso Texas is an approximately 58 million SF Industrial Market. This building is located in the Pan American Industrial Park just 1 Mile from the Zaragoza Port of Entry into Juarez Mexico.
Michael T. Livingston, CCIM, SIOR
[email protected] Paso, TX
Advanced Auto Portfolio | Van Wert, OH & Eaton, OH
Just Closed!
$1,506,860Transaction Highlights:•Off Market NN Package Deal•Buyer was NY REIT•Five and Six years remaining, AAP renewed early•Sold at 8.75% Cap Rate•In association with SVN Investek Realty/John Aubry
Mark [email protected] Wayne, IN
1819-1821 Solano Avenue | Berkeley, CA
Just Closed!
$1,580,000Transaction Highlights:•Prime North Berkeley Location•All Leases NNN•$640.00 per sq. ft.•6.46% CAP
Wen Tung415-922-2900 [email protected] Francisco, CA
Park St. Augustine Apartments| Tallahassee, FL
Just Closed!
$1,775,000Transaction Highlights:•9 Units, 27 Bedrooms•Student Housing at Florida State University•Buyer is investment group from Uruguay•2 blocks from Campus•4th multifamily property we have sold to same buyer over last 30 months. Carlton Dean, CCIM,
Wilson [email protected], FL
Planters Crossing Apartments| Tallahassee, FL
Just Closed!
$4,000,000Transaction Highlights:•106 Units•Student Housing at Florida State University•3rd multifamily property we have sold to same buyer over last 24 months.
Carlton Dean, CCIM,
Wilson [email protected], FL
3362 Navarre Avenue | Oregon, OH
Just Closed!
$5,275,000Transaction Highlights:•Absolute Triple Net Lease•14 Years Firm Term Remaining•9.03% CAP Rate•10% Rent Bump in 2019
John [email protected], CA
Harry [email protected], CA
Longview Plaza | Longview, TX
Just Closed!
$13,865,000Transaction Highlights:•Q-4 Auction Sale for $88.24/SF•6 National Tenants 157,134 SF•SVN Captured Fee of $623,950 including Auction Team Fee•Buyer Renegotiated & Extended Office Depot, Michaels & Best Buy Leases during Due Diligence Period
Bill [email protected], TX
Louis [email protected] Beach, FL
Bruce [email protected], TX
Total Inventory:Total Inventory:$67,334,000$67,334,000
Gross Fee Buy Side:Gross Fee Buy Side:$1,493,420$1,493,420
Ladera Apartment Homes | Austin, TX
Subject to Offer | For
Sale 1/2% | Buy Side Fee
Offering Highlights:•New Construction, Class A, 308 unit apartment complex located in the South Austin submarket.•Stabilized NOI is $2,376,495•Property of the Year Finalist-Austin Apartment Association•Best Amenities in the Competitive Market•Website: http://bit.ly/16jFOetJames Hancock, CPM, CCIM
Cambridge Apartments | Idaho Falls, ID
$1,125,000 | For Sale
$33,750 | Buy Side Fee
Offering Highlights:•16 Units•Large land area for adding tenant and curb appeal•Two buildings are duplexes with new roofs•Two buildings are 6-units with metal roofs and twelve oversized garages•Many units upgraded, including appliances, windows, paint & carpet•Website: http://bit.ly/144COlW
Douglas Powell, [email protected] Falls, ID
535 W. 9th Street | San Pedro, CA
$1,200,000 | For Sale
$36,000 | Buy Side Fee
Offering Highlights:•100% Occupied, Long Term Leases, Great Street Exposure.•5,612 SF retail building, located on 10,018 SF of land with C2 Zoning in San Pedro. Property has been recently remodeled.•6/0% cap rate•Onsite parking is available in the back of the building. Street parking is also available.•Website: http://bit.ly/112aVro
Shiva [email protected] Angeles, CA
215 Padres | El Paso, TX
$1,290,000 | For Sale
$38,700 | Buy Side Fee
Offering Highlights:•15,655 SF•9.5% cap rate•Leased to 2018!•Long term tenant•Annual CPI increase•Renewal options•Website: http://bit.ly/12OzXiZ
Wes Hallmark, CCIM
806-797-2190 [email protected], TX
151 E. Route 38 | Elburn, IL
$1,400,000 | For Sale
$42,000 | Buy Side Fee
Offering Highlights:•Prominent 10,439 SF Strip Center on Busy Corner•Excellent Visibility and Access•Mix of Regional and Local Tenants•Adjacent to McDonalds, Across from Walgreens•9.83% cap rate•Website: http://bit.ly/14nclit
Neil [email protected], IL
Joel [email protected], IL
Knickerbocker Mansion | Big Bear Lake, CA
$1,995,000 | For Sale
$49,875 | Buy Side Fee
Offering Highlights:•1920 - Historic Structure•9,100 SF •Largest Building is 3-stories•Commercial Grade Kitchen and Full Service Restaurant•Operated as Bed & Breakfast•Could Be A Corporate Retreat•Could Be A Religious Retreat •Website: http://bit.ly/11vy09nDarrell Hoover
949-423-6990 [email protected], CA
Michael [email protected], CA
1601 N. Fabens Road | Fabens, TX
$2,250,000 | For Sale
$67,500 | Buy Side Fee
Offering Highlights:•Located just 20 Minutes from the Zaragoza Port of Entry in El Paso, TX•Approximately 10 Miles East of El Paso, Texas City Limits Just South off of Interstate-10 at the Fabens Interchange.•154,000 SF of Class “A” Industrial Manufacturing/Distribution Space 14’ – 20’ Clear Height with 17 dock doors.•Built on 11.36 Acres immediately adjacent to the Fabens Airport.•Asking Price is $14.61 p/s/f and the seller is motivated to sell the property.•Website: http://bit.ly/17qrIfW
Michael T. Livingston, CCIM, SIOR
[email protected] Paso, TX
3195 N. Powerline Road | Pompano Beach, FL
$2,349,000 | For Sale
$70,470 | Buy Side Fee
Offering Highlights:•+/- 27,228 SF Industrial Flex Bldg•Divided into Five (5) Bays Ranging from 1,150 SF-19,400 SF•Six 12' x 14' Rear Overhead Doors•22' Clear in Warehouse•I-1 Zoning, City of Pompano Beach•72 Parking Spaces•Powerline Road Frontage •3 Ton Overhead Crane •Website: http://bit.ly/15kq20u
Keith Kidwell, CCIM, SIOR
[email protected] Lauderdale, FL
Les Byron, CCIM, SIOR
[email protected] Lauderdale, FL
Steven [email protected] Lauderdale, FL
1134 Marine Road | Salisbury, MD
$2,350,000 | For Sale
$70,500 | Buy Side Fee
Offering Highlights:•8,780 SF - Gasoline and Oil Terminal Storage and Distribution Facility in excellent working condition•14 tanks with a total capacity of 177,000 barrels•Two acres of open property available for expansion of up to 100,000 barrels of additional capacity•Website: http://bit.ly/19lnzXR
Chris Peek, CCIM
Rick Tilghman, CCIM
1720 N. Central Expressway | McKinney, TX
$2,925,000 | For Sale
$73,125 | Buy Side Fee
Offering Highlights:•19,721 SF•Shadow anchored by Kroger•N. Central Expressway & University busiest intersection in McKinney•Includes 2.10 Acres of developable land•Bank owned REO•Value add opportunity with 61% occupancy•Website: http://bit.ly/19nxtbh
Mark Allen, MSRE
[email protected] Worth, TX
Steve Fithian, CCIM, CPM
[email protected] Worth, TX
Summer Rise Apartments | Birmingham, AL
$3,350,000 | For Sale
$67,000 | Buy Side Fee
Offering Highlights:•110 Units•New 35 year roof with architectural shingles •Completely re-painted •$148,739 spent on CAPEX in last 12 months•95% Occupied •Newly paved parking lot •Very Well Positioned Property in growing Birmingham Metro
Andrew [email protected], AL
Summer Terrace Apartments | Birmingham, AL
$4,100,000 | For Sale
$82,000 | Buy Side Fee
Offering Highlights:•140 Units•Built in 1972•Comprised of two and three story garden-style buildings
Andrew [email protected], AL
Patricia [email protected], AL
Rockingham Manor | Montgomery, AL
$4,550,000 | For Sale
$91,000 | Buy Side Fee
Offering Highlights:•106 Units•20% Cash Return in Year One •Current Note is Assumable at 3.65% •Low Maintenance Brick Exterior •Owner liquidating local portfolio, Great Value Add Opportunity•Strong ROI with 7.75% CAP for C+ property in Alabama capital Andrew Agee
Patricia [email protected], AL
8800 NW 79th Avenue | Medley, FL
$5,250,000 | For Sale
$105,000 | Buy Side Fee
Offering Highlights:•+/- 44,114 SF Warehouse•+/- 4.95 Acres •7 Dock Doors In Front of Property •5 FEC Served Rail Doors in Back of Property •Heavy Power | 4160 Volts•+/- 2,000 SF of Office •24' Clear | Newer Twin T Roof •30' x 60' Column Spacing •Gas to Site•Loading Area Gated •Website: http://bit.ly/191iJSH
Joel A. [email protected] Lauderdale, FL
Hernan [email protected] Lauderdale, FL
650 N.E. 185 Street | Miami, FL
$10,900,000 | For Sale
$218,000 | Buy Side Fee
Offering Highlights:•79,500 SF•Building is Divisible for Freezer and Cooler•28 ft Clear Ceiling Ht. 12 Dock Ht. Loading Doors•Anhydrous Ammonia Refrigeration System•Rail Served•Heavy Power - 3 Phase •Recently Renovated•I-95 Corridor Direct Access to All Major Hwys•Website: http://bit.ly/1c45pcA
John Lonardo, CCIM
Anthony [email protected], FL
University Shoppes IV | Dayton, OH
$1,500,000 | For Sale
$37,500 | Buy Side Fee
Offering Highlights:•4,800 SF Street Retail / 100% Occupied NNN Leases•100% Location / Nestled between Miami Valley Hospital, the University of Dayton Campus, and Oakwood•7.33% cap rate•18,929 Average Daily Traffic•Website: http://bit.ly/123yCTg
Bart [email protected] Township, OH
Kettering Crossing | Kettering, OH
$2,000,000 | For Sale
$50,000 | Buy Side Fee
Offering Highlights:•9,800 SF Neighborhood Shopping Center / Property to be delivered w/ NNN Leases•Seller Will Master Lease 1,400 SF Vacant Space for 1 Year •LaRosa's Pizza has 9 years Remaining on Lease & Occupies Approx 60% of the Building•100% Location / Next To New Frisch's & McDonalds / 32,398 Average Daily Traffic•7.35% cap rate•Website: http://bit.ly/11Qyxz8
Bart [email protected] Township, OH
Shoppes at Kettering Pointe | Kettering, OH
$2,800,000 | For Sale
$56,000 | Buy Side Fee
Offering Highlights:•21,730 SF•100% Occupied, Completely Renovated in 2006•Stable Investment Opportunity•Extra 1/2 Acre Available on Smithville Road at Additional Price•7.42% cap rate•21,279 Average Traffic Count•Website: http://bit.ly/19W80Zn
Bart [email protected] Township, OH
Main on Main Center | Englewood, OH
$3,000,000 | For Sale
$45,000 | Buy Side Fee
Offering Highlights:•27,000 SF Neighborhood Retail Center•Completely Remodeled in 2007 / 100% Leased•Owner will Master Lease NNN for Five Years w/ three 5-year Renewal Options / Owner will Guarantee Whole Center for 5 Years•22,361 Average Daily Traffic•7.47% cap rate•Website: http://bit.ly/10ButI3
Bart [email protected] Township, OH
Creekside Village of Fairfield | Fairfield, OH
$13,000,000 | For Sale
$260,000 | Buy Side Fee
Offering Highlights:•228 Renovated One, Two, and Three-Bedroom Units•For Sale or Equity Partner Opportunity•7.94% cap rate•$8.5 Million in Renovations•Website: http://bit.ly/11q9AhF
Bart [email protected] Township, OH
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