svn live 12-5-2016
TRANSCRIPT
© 2016 SVN International Corp.
WEEKLY PROPERTY BROADCAST
DECEMBER 5, 2016
PRESENTERS
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© 2016 SVN International Corp.
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© 2016 SVN International Corp.
WELCOME NEWSVN ADVISORS
SVN | Rich InvestmentReal Estate PartnersLos Angeles, CA
Alejandro Hinostroza
SVN | Realty Advisors Newport Beach, CA
John R. Zumont
SVN | Vanguard Santa Ana, CA
Matthew Kolb Nicole Tyler
SVN | Mexico City Miguel Hidalgo, DF
Robert Herrera
SVN | South Commercial Real Estate AdvisorsMiami, FL
Pedro Luis Orama
SVN | Parke Group Fort Wayne, IN
William Marsh
SVN | The Martin Group Indianapolis, IN
Debra Olinger
SVN | Northco Real Estate Services Minneapolis, MN
Brent BerryDavid NiemiJason LaMontagne
SVN | Commercial Real Estate AdvisorsCharlotte, NC
Mustafa Mohammed
SVN | Wilson Commercial Group, LLC Columbus, OH
Nabeel Alsharaiha
SVN | TJF Investments Dallas, TX
Mark Allen
SVN | Alta Commercial Salt Lake City, UT
M. Ty Reese
www.svn.com
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© 2016 SVN International Corp.
SAN FRANCISCODECEMBER 6-9TH
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)and on the web -http://info.svn.com/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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© 2016 SVN International Corp.
TAMPA, FLFEBRUARY 8-10, 2017
Register TODAY for the
2017 Annual Conference in Tampa!
Registration is available through the weekly SVN Events email, the Conference Registration reminder
email and on the Dashboard (my.svn.com).
SVN ANNUALCONFERENCE
27 LEFT TO TAKEADVANTAGE OF THEEARLY BIRD PRICING
9 AND 2 DAYS UNTIL THE START OF THE CONFERENCE
DAYS
WEEKS
www.svn.com
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© 2016 SVN International Corp.
THE DEADLINES
TUESDAY by 11:59pm EST
• New or featured listings MUST BE ACTIVE in BuildOut• Featured closings MUST BE A CLOSED DEAL in BuildOut
SVN|LIVE DEADLINES
WEDNESDAY by 5pm EST
• Upon receipt of an email from the SVN Live Team regarding a qualified listing or closing, you MUST OPT IN via a reply email to the SVN Live Team
• All property and closing forms (found on the SVN Live page on the Dashboard) MUST BE SUBMITTED AND RECEIVED
THURSDAY by 12pm EST
• Your EXPLICIT APPROVAL of the listing or closing slide MUST BE RECEIVED via email or the slide WILL NOT be included on the Monday call
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© 2016 SVN International Corp.
ECONOMICTALKINGPOINTS
• CoStar reports record setting prices in 3Q, amidst falling deal volume
• REIS reports flat, mixed results for the retail sector in 3Q16
www.svn.com
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© 2016 SVN International Corp.
DECEMBER 5-DECEMBER 10, 2016
Monday, December 5thHOSPITALTY COUNCIL Call11:00 am PT / 2:00 pm ET
EVENTS & WEBINARS
Tuesday, December 6thLEASING COUNCIL Call8:30 am PT / 11:30 am ET
Thursday, December 8thRETAIL COUNCIL Call10:00 am PT / 1:00 pm ET
Saturday, December 10thJOHN MCDERMOTT’S SATURDAY Call8:30 am PT / 11:30 am ET
© 2016 SVN International Corp.
RECENTLY CLOSEDDEALS
Sale Price $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
ANDREW SIMPSON
SVN | HPW Commercial
70 Weathers StreetYONKVILLE, NC
INDUSTRIAL
24,248 SF
61.86
-
1,500,000 • Two tenant building with great yard space
• Well maintained industrial park
• Move-in ready office spaces with clean and well-kept warehouse
919.789.5215
Sale Price $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
TROY MEYER
SVN | Denver Commercial
KEVIN MATTHEWS
2850 N. El Paso StreetCOLORADO SPRINGS, CO
INDUSTRIAL
44,465 SF
59.82
8.5%
2,660,000 • Troy and Kevin represented the seller
• Steve represented the buyer
• 100% occupied
• 33 days from contract to close- all cash
• Main tenant, Cintas, has investment grade credit with an S&P credit rating of A- (3 years remaining)
• Colorado Industrial Packaging (4 years remaining)
303.974.5737
303.974.5893
Sale Price $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
DAN STEWART, CCIM
SVN | Stewart Commercial Group, LLC
Sherwin Williams PortfolioFLORIDA
RETAIL
42,580 SF
86.00
-
3,673,456
734.662.5097
VLADIMIR [email protected]
734.926.0005
• Four property portfolio leased to S&P “A” rated tenant, Sherwin-Williams
• Represented out of state buyer
• Six years remaining on each lease
Sale Price $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
SVN | Pacific Commercial Advisors
809 Montgomery StreetSAN FRANCISCO, CA
RETAIL
7,752 SF
741.75
-
5,800,000 • Historic brick and timber building
• Sold over asking price to an all cash buyer
• Multiple offers
• Buyer put up $1 million non-refundable deposit to beat out other offers
KEVIN CHIN, CCIM
BRE #00696127
415.922.2900
© 2016 SVN International Corp.
FEATURED INVENTORY
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© 2016 SVN International Corp.
FEATURED INVENTORY$107,091,877
BUY-SIDE COMMISSION$1,430,283.87
FEATURED INVENTORY FINANCIAL SUMMARY
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
1.02 Acres
27.00
-
1,200,000
36,000
ANDREW SIMPSON
SVN | HPW Commercial
919.789.5215
1217 S. Saunders St.RALEIGH, NC
LAND
• 400 feet of road frontage on one of Raleigh’s most identifiable roads
• ¾ mile to Red Hat Amphitheater, Convention Center, The Pit and numerous other Raleigh amenities
• The potential for redevelopment and re-purposing is ripe for multiple uses: multifamily, mixed use, hospitality, neighborhood center, Raleigh business or corporate headquarters
• The view achieved of the downtown skyline is the same iconic view that is on websites and promotional materials from Raleigh
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
1.39 Acres
27.55
-
1,668,000
50,040
ANDREW SIMPSON
SVN | HPW Commercial
919.789.5215
1120 Green StreetRALEIGH, NC
LAND
• Single parcel totaling 1.39 acres that is a stones throw from downtown
• Great frontage along South Sanders- one of the busiest and most notable streets in downtown
• Able to be combined with surrounding parcels to create larger build-able staple site
• Proximity and views of downtown are iconic
• Industrial mixed use zoning currently with overlay begging for development
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
10,083 SF
195.87
5.91%
1,975,000
29,625
CHRIS BAJ, CCIM, CPA
SVN | Imperial Realty
484.245.1016
103-117 North Main StreetOLD FORGE, PA
RETAIL
ALEX [email protected]
484.245.1014
• New construction Family Dollar and Dunkin’ Donuts
• 14,000 cars per day on North Main Street
• Signal intersection minutes from Route 476 and Route 81
• Under 5 miles from Wilkes-Barre/ Scranton International Airport
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
• 12 apartments and a 7,500 SF storefront
• Located on signalized intersection on North Avenue (major east-west thoroughfare) in Humboldt Park- one of Chicago’s hottest neighborhoods
• Able to achieve over 9.25% unlevered return on total stabilization budget
• Pro forma cap based on current rent profile- improving demographics will yield even better returns for long term holder
18,400 SF
108.70
9.3%
2,000,000
50,000
CHARLES GIBBS
SVN | Chicago Commercial
312.756.7332
3658 W. North AvenueCHICAGO, IL
MULTI-FAMILY
WAYNE [email protected]
312.529.5791
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
• Development opportunity
• 125 acres of residential land located on State Route 303 in Streetsboro, OH
• Zoned R-2 (Medium Density Urban Residential District) allowing for single family housing development
• Located across from the current home of Streetsboro schools and Police station
• Water/sewer available
• Proposed lot map consists of 202 housing lots
125 Acres
16,000/ Acre
-
2,000,000
60,000
JERRY FIUME, SIOR, CCIM
SVN | Summit Commercial Real Estate Group, LLC
234.231.0235
2053 State Route 303STREETSBORO, OH
LAND
234.231.0223
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
4,320 SF
601.85
7.24%
2,600,000
78,000
STEVE FITHIAN, CCIM,
CPM, SEC
SVN | Trinity Advisors
817.288.5524
Jiffy Lube PortfolioINDIANA
RETAIL
DIANA PARENT, CCIM
260.489.8500
WILLIAM [email protected]
260.489.8500
SVN | Parke Group • STNL properties with no management responsibilities
• Two of the locations are paying percentage rent
• One location recently expanded by one bay
• Very strong operator with multiple locations
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
• High visibility
• Zoned CLD (Highway business- i.e. fast food, retail shopping center, etc.)
• Approved for 74,000 SF retail
• Traffic count: 18,791 CPD (June 2016)
• Lowe’s, food shopping center in SE quadrant
• High growth area
• Minutes from the beaches at Oak Island
12.7 Acres
8.04
-
4,450,000
111,250
JOHN BATANIDES
SVN | Percival Partners
704.632.1010
NC 211 at Midway RoadOAK ISLAND, NC
LAND
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
• Multi-tenant retail/ office commercial property in Park Place Tower
• Long-term, stable tenants (10+ years) with annual escalations
• Anchor tenant is a prominent US developer/ property owner
• Fantastic lakefront location- steps to Wrigley Field
• 2017 scheduled NOI of $275,058
• Indoor parking spaces available for purchase
14,865 SF
302.73
6.1%
4,500,000
90,000
LEE FFRENCH
SVN | Chicago Commercial
312.756.7894
655 West Irving Park RoadCHICAGO, IL
RETAIL
WAYNE [email protected]
312.529.5791
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
23,620 SF
215.41
7%
5,088,000
101,760
HEIDI MICKELSON, SIOR,
CCIM
SVN | Intermountain Investments, Inc.
208.726.0854
2965 E. Tarpon DriveMERIDIAN, ID
OFFICE
CHRISTOPHER [email protected]
208.867.8860
• Located in the heart of the Boise MSA in Meridian, ID
• All leases include annual 3% bumps & renewal options
• Fully leased to four strong national & regional tenants
• Abundant parking (5: 1,000 SF)
• Attractive 7% asking cap rate
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
• STNL ground lease with over 14 years of remaining term
• Large land parcel at signalized corner with fantastic visibility & access
• Major arterial thoroughfare; dominant retail corridor
• Less than 1 mile from Provena Health Center- area’s largest medical campus
• Downtown Joliet- 200,000 people in 5 mile radius; part of Chicago MSA- 30 miles SW
• Corporate guarantee by Bank of America; S&P rating of A-; market cap $179B
4,944 SF
1,355.18
5.25%
6,700,000
100,500
WAYNE CAPLAN
SVN | Chicago Commercial
312.529.5791
1550 West Jefferson St. JOLIET, IL
RETAIL
KEVIN D. CHIN, CCIM
415.922.2900
SVN | Pacific Commercial Advisors
BRE #00696127
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
60,000 SF
300
6.11%
18,000,000
180,000
GAREN PETROSSIAN
SVN | Rich Investment Real Estate
310.500.3333
4155-4195 Inland Empire Blvd.ONTARIO, CA
RETAIL
ALLEN AFSHAR
310.500.3321 • Lot size 6.04 acres
• 270 parking spaces
• Parking ratio 4.5 per 1,000
• Built in 2008
• The tenants are Ortho Mattress, Basset Home Furnishings, CortFurniture and SAM’s Liquidator Furniture
• Zoning- Garden Commercial
• Near to Kohl’s, Verizon, Mathis Brothers, Costco, AMC, Marshall’s & Target
• The Ontario Marketplace Properties shares traffic from neighboring Staples & Sam’s Club, Verizon, US Bank and El Pollo Loco
• Convenient egress and ingress from Ferrari Lane, Inland Empire Blvd. and N. Milliken Ave.
BRE #01930947
BRE #00797725
Price $
Buy Side Fee $
Size
$ /SF
Cap
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE
PROPERTY HIGHLIGHTSPROPERTY DETAILS
© 2016 SVN International Corp.
• Tenants are 97% Section 8 w/ long-term leases and allowable rent increases
• Year over year market increases of 10% have outpaced portfolio rent increases of 3% - allowing for huge upside in increasing revenue
• Opportunity to purchase a stabilized portfolio with built in equity• Homes are located in desirable working class neighborhoods• Homes were recently renovated to high rental standards• As priced, portfolio returns above 14% gross yield
AVG 1,123 SF
101.81
8.42%
54,310,887
543,108.87
ANGEL FLORES
SVN | TJF Investments
972.232.2325
10539 S. Church StreetCHICAGO, IL
MULTI-FAMILY
SHAN [email protected]
972.402.5595
PAUL [email protected]
972.916.9045
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© 2016 SVN International Corp.
THANK YOU FOR JOININGUS FOR TODAY’S
THANK YOU
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WEEKLY PROPERTY BROADCAST