svn live™ open sales call 9-19-16
TRANSCRIPT
SVN.COM
SVN LiveSM
Open Sales CallDate: September 19, 2016
Midwest Networking & Dealmaking EventChicago, IL | Wed. Oct. 5th – Thurs. Oct. 6th
SAVE THE DATE!
To register, contact [email protected]
Economic Talking PointsJob creation continues persistently, but not aggressively
Fed “hike” uncertainty and CRE investing
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Events & Webinars: September 19 – September 23, 2016
Tuesday, September 20th
Preferred Vendor Webinar9:00 am PT / 12:00 pm ET
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Meetings & Events this Week:
Wednesday, September 21st
Best Practice Call8:30 am PT /11:30 am ET
Office Council Call11:00 am PT /2:00 pm ET
Thursday, September 22nd
Self Storage Council Call8:30 am PT / 11:30 am ET
Medical Office Council Call12:00 pm PT / 3:00 pm ET
Transaction Highlights:
• Brand new 15 year lease• Jay and Scott brought the buyer• First time DG buyer• Peter and Chris secured the
property
Just Closed
Retail
NNN Dollar General Investment | Rockport, TXJay Dabbs | 830.358.7806 | [email protected] Forester | 830.358.7812 | [email protected] Colvin | 616.893.1398 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Transaction Highlights:
• Owner user acquisition• 4 month ESCROW• Listing for over a year• Seller looking for value-add
1031 exchange opportunities one year
$1,150,000 | Just Closed
Retail
3624 E Bell Rd | Phoenix, AZPaul Borgesen III | 480.425.5516 | [email protected] Horwitz | 480.425.5518 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Transaction Highlights:
• 6440 SF retail center with 2 tenants in high traffic retail corridor
• Helped structure a deal between owners and long term tenant in the building and represented both buyer and seller
• 6.95% equivalent cap rate• Sold at strong price of $295 per SF
$1,900,000 | Just Closed
Retail
1915 Nicholasville Road | Lexington, KYMatt Stone, CCIM, MBA | 859.264.0888 x 25 | [email protected] Metcalfe | 859.264.0888 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Transaction Highlights:• Uncovered property at ReCon in
Las Vegas• Buyer performed a reverse
exchange• Original asking price was $2.6m• Short term lease • Purchased for $40/SF• Located on the main shopping
arterial• Huge upside in rent if tenant
vacates$1,950,000 | Just Closed
Retail
2025 Lancaster Drive NE | Salem, ORRyan Imbrie, CCIM | 503.208.9403 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Transaction Highlights:
• NNN Investment property• CAP rate 7%• Built in 1989
Renovated 2015• Lot size 2.05 acres• 12,940 SF building• Multi tenant – 5 units• Convenience Store anchored
$3,650,000 | Just Closed
Retail
9219 E Sprague Ave | Spokane Valley, WAGuy Byrd | 509.953.5109 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Transaction Highlights:• Nick Malagisi mentors Kristen Asman of Columbus
in self storage; both attend the Ohio Self Storage conference.
• At OH SSA they meet a woman, who is sole owner of an 88,000 SF self storage property in tertiary market, Lima. Ohio (100,000 population in NW Ohio).
• Property is exceptional, 96% occupied, below market rents, and room for expansion.
• Owner decides to list with Kristen and Nick
• Nick procures a REIT Buyer who is aggressively looking for TERTIARY market investments!
• Property was listed at 7.4% cap rate, and sold at 7.6%!
• Kristen Asman guides inexperienced seller through the selling and closing process.
• Great collaboration between SVN Buffalo and SVN Columbus.
$5,300,000 | Just Closed
Industrial
1910 West Robb Road | Lima, OHKristen Asman | 614.370.9077 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
New Inventory:$59,976,300
Buy-Side Commission:$1,225,250
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
Offering Highlights:
• Auction date: October 6, 2016• +/- 340 feet of beach frontage &
Intracoastal no wake frontage• Rare acreage on prestigious Hillsboro
Mile• +/-3.35 acre of adjoining lots at
1103 & 1107 Hillsboro mile• Lots could be sub-divided into 3 Lots• Ultra-Luxury estate lot• Space for Mega-YachtHighest And Best Offer | For Sale
1.25% | Buy Side Fee
Land
1103-1107 Hillsboro Mile | Pompano Beach, FLKeith Kidwell, SIOR, CCIM | 954.252.1049 | [email protected] Reynoso, MBA | 954.252.1049 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:• Auction date: October 6, 2016• Twelve land parcels totaling 11.3 acres M.O.L.
• Six parcels with ocean frontage (ranging between .78 - .88 acres)
• Six parcels with Intracoastal waterway frontage (each approximately 1.02 acres)
• Partially constructed marina
• Property is zoned RM-16 - multiple family medium density
• View some of the most breathtaking views of the Atlantic ocean
Highest And Best Offer | For Sale1.25% | Buy Side FeeLand
1174-1184 Hillsboro Mile | Hillsboro Beach, FLKeith Kidwell, SIOR, CCIM | 954.252.1049 | [email protected] Reynoso, MBA | 954.252.1049 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:
• CAP RATE: 10.26%• Barnes & Noble - Nations largest
retail bookseller, over 6.0 billion in sales in 2015
• Barnes & Noble pre-exercised their next lease option term - current lease expires January 31, 2025
• Ground lease expires September 2055
Price Reduced - $4,495,000 | For Sale$112,375 | Buy Side Fee
Retail
2051 N. Federal Highway | Fort Lauderdale, FLKeith Kidwell, SIOR, CCIM | 954.234.8777 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:
• 1.72 acres • Incredible Downtown Fort
Lauderdale location• RAC zoning, allows for high
density flexible design• Existing 40,971 SF office
building• Cap rate: 3.3%
$18,000,000 | For Sale$360,000 | Buy Side Fee
Re-Development
800 East Broward Blvd. | Fort Lauderdale, FLLes Byron, SIOR, CCIM | 954.401.4713 | [email protected] Kidwell, SIOR, CCIM | 954.234.8777 | [email protected] Davis | 954.650.7824 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:
• Lot #2: 1.05 acres - $1.3M• Lot #3: 1 acre w/ pole sign - $1.3M • Ideal for restaurant / retail• Impact fee credits to buyer• Strong demand generators
$1,300,000 | For Sale$39,000 | Buy Side Fee
Land
SR 46 & Hickman Drive | Sanford, FLAli Mushtaq | 407.982.3976 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:• Just South of the Y on North Division
• Easy access and high visibility
• Existing buildings for mechanical shops and retail
• 21,360 SF of existing buildings
• 1.99 acre retail location
• 140 feet of division frontage
• Three 14' doors
• Waiting area and 4 separate offices
• Sales office area
• 17 bays for maintenance
$1,950,000 | For Sale$58,500 | Buy Side Fee
Retail
8815 North Division | Spokane, WATaylor Gibbons | 509.939.1741 | [email protected] Byrd | 509.953.5109 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:
• NNN leases with increases and options to renew
• Prominent hard corner within 1 mile of Columbus Airport
• Near I-270 and I-670 in high traffic area
• 9 % cap rate• 2009 Construction by current
owner$1,950,000 | For Sale$48,750 | Buy Side Fee
Retail
Gas Station-Anchored Center | Columbus, OHVictor S. Voinovich Sr. | 888.236.1435 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:•$80,000 price reduction•10.0% Cap Rate! Motivated charity seller•Fastest growing county in Michigan•Top 10 metro and 25 miles SW of Grand Rapids - Michigan’s 2nd largest metro•Absolute NNN lease•22 year initial term; 3.5+ years remaining•Busy corner with large signalized intersection and approximate 30k VPD •High traffic area with major national retail•Zero cash flow assumable loan in place•Free standing 11k SF corporate prototype with drive-thru
$2,320,000 | For Sale$58,000 | Buy Side Fee
Retail
Rite Aid-973 S Washington | Holland, MIVictor S. Voinovich Sr. | 888.236.1435 | [email protected] De Maagd | 616.399.3955 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:
• Great investment property• Strong tenant profile with excellent
upside on rents• Unit mix (21) one bed units and
(40) two bed units• 100% occupancy rate• 8% Cap rate
$2,600,000 | For Sale$52,000 | Buy Side Fee
Multifamily
520 N Rockwell Ave | Oklahoma City, OKGirma Moaning | 405.772.7254 | [email protected] Hwang, ESQ | 405.772.7255 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:
• Recently renovated• 98% occupancy with great tenants• Major tenant has right of first
refusal to lease any vacant space• Great investment offered at a 8.4%
CAP
$2,650,000 | For Sale$59,625 | Buy Side Fee
Office
1300 Market Street | Lemoyne, PAChris Baj, CCIM, CPA | 484.245.1016 | [email protected] Baj | 484.245.1017 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:
• Prime location • 227 FT of IH 35 frontage• All utilities and sewer available• Zoned C-3• No flood plain• Easy access off of IH 35 • Great visibility
$3,100,000 | For Sale$124,000 | Buy Side Fee
Land
2100 N IH 35 | New Braunfels, TXJay Dabbs | 830.358.7806 | [email protected] Forester | 830.358.7812 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:
• Finished townhouse sites• Ready to build• Amenities and common area
complete• Well located and priced
$3,200,000 | For Sale2.5% | Buy Side Fee
Land
1390 Isabella Drive | Melbourne, FLAshley Bloom | 941.961.7109 | [email protected] Zeigler | 941.350.9636 | [email protected]. Chris Malkin | 888.892.9890 x200 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:• Single tenant, $270,290 NOI, 7% cap rate
• 11 plus years left on absolute triple net, corporately guaranteed lease
• Up to 4 consecutive 5-year renewal options
• 7.5% increases in rent every 5 years
• Out parcel to Kohl’s and life time fitness shopping center on main retail corridor in Columbus Ohio far east side
• 159,641 residents in a 5-mile radius
• Avg HH income $84,700 plus in a 1-mile radius and $71,100 plus in a 5-mile radius
$3,861,300 | For Sale2.0% | Buy Side Fee
Retail
1281 Hill Road North | Pickerington, OHJack Turner | 614.944.5140 | [email protected] Salomone | 614.944.5140 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:
• Historic Brick and Timber Building
• Retail tenant on month to month lease
• Add value or owner user opportunity
• Jackson Square is becoming a tech hub
$5,750,000 | For Sale$115,000 | Buy Side Fee
Retail
809-811 Montgomery Street | San Francisco, CAKevin D. Chin, CCIM BRE #00696127 | 415.922.2900 x101 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:• 8% CAP rate on actuals | 89% Occupied
• Busy neighborhood center Shadow-Anchored by Ross Dress For less
• Notable tenants: family Dollar, comfort dental, H&R Block, cost cutters, first cash financial
• Well located asset in close proximity to I-25
• Several tenants have been at this location 20+ years
• $109/SF | below market rents | upside potential$8,800,000 | For Sale
$198,000 | Buy Side Fee
Retail
SECURITY SHOPPING CENTER | Colorado Springs, CO314-388 Main StreetKevin Matthews | 303.974.5893 | [email protected] Meyer | 303.974.5737 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
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