© 2017 SVN International Corp. WEEKLY PROPERTY BROADCAST APRIL 10, 2017
© 2017 SVN International Corp.
WEEKLY PROPERTY BROADCAST
APRIL 10, 2017
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© 2017 SVN International Corp.
WELCOME NEW SVN OFFICES
John MottramManaging Director
Market Areas
Montgomery, Alabama
Areas of Practice
HOSPITALITY | LAND | OFFICE | RETAIL
7956 Vaughn Road, #387 Montgomery, AL 36116334-356-1771
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© 2017 SVN International Corp.
WELCOME NEW SVN ADVISORS
Andrew Ball SVN | Miller Estate Commercial Real Estate, Salisbury, MDBryan Coughlin SVN | Southland Commercial, Pensacola, FLRyan Davenport SVN | Bluestone & Hockley, Portland, ORPaul Graham SVN | Denver Commercial, Denver, CORobert H. Greenlee SVN | Miller Estate Commercial Real Estate, Salisbury, MDMichaela Herman SVN | Deegan-Collins Commercial Realty, Kingston, NYJanet Lugo SVN | Wright Commercial, Rockville, MD Tammy Malone SVN | Commercial Real Estate Advisors, Charlotte, NCFrank Micklin SVN | Chicago Commercial, Chicago, ILRachel Moyse SVN | The Urbanek Group, Portland, MEMichael Shanley SVN | Falvey Group, Albany, NYR. Tom Smith SVN | Imbrie Realty, Portland, ORJeffrey Taylor SVN | Vanguard, Santa Ana, CAJon Thomas II SVN | Southland Commercial, Tallahassee, FLKevin Wingate-Pearse SVN | Bluestone & Hockley, Portland, OR
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© 2017 SVN International Corp.
ECONOMIC TALKING POINTS
Personal income growth steady and stable, as is GDP
• The BEA reported its second estimate of 4th quarter GDP at an unchanged 1.9% and growth of Personal Income in January ’17 at 0.4%; both readings represent steady continued growth trends.
• Given the core fundamentals, it is potentially likely to make it to second longest (106 months, Feb ’61to Dec ‘69) and even potentially 120 (March ’91 to March ’01) for the record which just happened to be the last recession that followed a real estate crisis (S&L crisis of the late ‘80s).
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© 2017 SVN International Corp.
• Yardi Matrix reports that average national monthly apartment rent held flat at $1,306 marking a 2.7%year-over- year gain; down from 5.5% one year ago.
• The Yardi report shows clearly that rental growth and occupancy in properties gear towards the “lifestyle renter” (one who chooses to rent but could theoretically afford to buy) is growing slower than those for the “renter by necessity” (cannot buy a home); however, recent interest rate increase may balance this back out as home buying becomes costlier.
Apartment rents hold flat in February
ECONOMIC TALKING POINTS
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© 2017 SVN International Corp.
PRESENTERS
© 2017 SVN International Corp.
RECENTLY CLOSED DEALS
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.
• Emerging marketplace• SVN | Chicago Commercial was the third broker in on
the deal• Maneuvered client through multiple environmental,
municipal and financial delays and occurrences• Helped client and buyer split the contract into two
sales to help avoid additional development requirements from the City of Chicago
SVN | Chicago Commercial
PAUL [email protected]
123.89
1,300,000
10,493 SF
REDEVELOPMENT | 1510-18 N. WESTERN AVENUE | CHICAGO, ILANGELO [email protected]
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.
• Proactively helped owner sell the building after they received notice their anchor tenant was vacating
• As a result of a cold call, we worked with the adjacent property owner as a buyer
• Buyer made a great purchase with two current tenants• Buyer will be a user for the remaining space in the
building
SVN | Stone Commercial Real Estate
MATT [email protected]
101.96
2,600,000
25,500 SF
OFFICE | 2416 SIR BARTON WAY | LEXINGTON, KYJOHN [email protected]
BENTON [email protected]
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 | Commercial Realty
NICK [email protected]
129.78
6.5%
5,900,000
45,462 SF
• Purchase price was renegotiated after fully-executed contract due to modifications needed in order to construct an 80,000 SF building, which was site plan approved by seller
• Buyer was a privately held national company and this was their first entry into the Metro NYC market
• Seller was the original developer/ family partnership of 31 years
SELF STORAGE | 51 BROAD AVENUE | FAIRVIEW, NJ
© 2017 SVN International Corp.
FEATURED INVENTORY
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© 2017 SVN International Corp.
FEATURED INVENTORY$60,799,000
BUY-SIDE COMMISSION$1,151,730
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.
SVN | Chicago Commercial
15,791 SF
82.33
1,300,000
39,000
• Well maintained multi-story atrium office building• Covered, surface and street parking• Additional lot included for potential parking• One half block from North and Harlem Ave.
intersection• Minutes from two hospitals
OFFICE | 7000 W. NORTH AVENUE | CHICAGO, ILMICHAEL [email protected]
JOHN [email protected]
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.
ROBERT [email protected]
1.83 Acres
710,383
1,300,000
39,000
• Currently there is a 5,187+/- SF freestanding office building on 1.83+/- Acres
• Site plan submitted for an 18,650 +/- SF R&D laboratory
• Great exposure with 500+/- feet along Riverside Drive
LAND | 10384 RIVERSIDE DRIVE | PALM BEACH GARDENS, FLASHLEY [email protected]
SVN | Florida Commercial Real Estate Advisors
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.
SVN | Florida Commercial Real Estate Advisors
ROBERT [email protected]
1.4 Acres
1,339,286
1,875,000
56,250
• Excellent opportunity for mixed-use development• 200 +/- feet along US Highway One with marina views• Directly across the street from NPB Country Club• Previously approved for mixed-use development• Ideal location for office, restaurant or multifamily
LAND | 200 YACHT CLUB DRIVE | NORTH PALM BEACH, FL
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.
SVN | RICORE Investment Management Inc.
ZACHARY [email protected]
15.9 Acres
92,767
1,475,000
44,250
• Approximately 16 acres of flat, buildable land• Located directly across from Dayton International
Airport• Utilities available at street• Zoned office; other development types possible• Will divide - minimum of 1.36 acres
LAND | 300 CORPORATE CENTER DRIVE | VANDALIA, OHSTEWART [email protected]
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.
SVN | David Cook Co., LLC
DAVID [email protected]
24,829 SF
68.47
1,700,000
51,000
• Net leased to single tenant• Nation wide operator • Quality construction• Upside with schedule rent bump• 8 years remaining on lease
INDUSTRIAL | 3843 N. CYPRESS DRIVE | WICHITA, KS
7.28%
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.
SVN | Blackstream
MICHAEL [email protected]
4.95 Acres
393,939
1,950,000
58,500
• Hard corner; lighted intersection• 460’ frontage on Smokey Park Highway• Over 20,000 vehicles per day• Located within 1 mile of new sports and entertainment
complex• 630’ deep, level site• Proposed I-40 exit will bring heavy traffic
LAND | 1485 SMOKEY PARK HIGHWAY | CANDLER, NCKEVIN [email protected]
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.
SVN | Asset Advisory Group
LESHA MONTOYABRE #[email protected]
180 Acres
19,445
3,500,000
87,500
• Beautiful serene subdivision nestled at Viejas Foothills• 27 large 1+ acre lots off low traffic streets• Within 1 mile of library, elementary and preschool,
banks, shopping center and dining• Less than 30 minutes to downtown San Diego• Quiet neighborhood feel sitting above downtown
Alpine City’s hub
LAND | BLACKWOLF DRIVE | ALPINE, CAJIM TAYLORBRE #[email protected]
GREG NEVILLEBRE #[email protected]
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.
SVN | Commercial Real Estate Advisors
SPENCER [email protected]
70,756 SF
83.37
5,899,000
117,980
8%
RETAIL | 2471 SPRINGS ROAD | HICKORY, NC
• Galaxy Foods anchor along with many other national tenants including Dollar Tree, Subway, Nationwide, H&R Block and Boost Mobile
• Extremely strong grocer for this area with yearly sales floating in the $9,000,000 range and expecting to increase
• High traffic counts• Close proximity to Charlotte, NC• Strong outparcels; i.e. McDonald’s, Taco Bell, Burger King
FRANK [email protected]
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.
SVN | Vanguard
SHARON BROWNINGBRE #[email protected]
10,800 SF
671.30
7,250,000
145,000
• Desirable Orange County, CA• 100% occupancy• Many long term tenants• Professionally managed
RETAIL | 24531 TRABUCO ROAD | LAKE FOREST, CA
4.6%
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.
SVN | Chicago Commercial
CODY [email protected]
99,900 SF
100.10
10,000,000
200,000
• 98 condos under 40 year master leases with Chicago Housing Authority
• Old Town location (just West of the Gold Coast)• Current market rate condo values in development
$300-$450k per unit• Long term play with significant back end value
MULTIFAMILY | OLD TOWN AFFORDABLE PORTFOLIO | CHICAGO, ILREID BENNETT, [email protected]
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.
SVN | RICH INVESTMENT
ALLEN AFSHARBRE #[email protected]
17,862 SF
615.83
11,000,000
110,000
• Unique owner, user and/or investor opportunity• Add-value property• Excellent corner location• Great visibility and signage potential• 36 subterranean parking spaces• Sparkling clean property • Motivated seller
RETAIL | 3400 WEST OLYMPIC BOULEVARD | LOS ANGELES, CA
Price $
Buy Side Fee $
Size
$ /Room
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 | Hamm & Co.
108 Suites
125,463
13,550,000
203,250
• Priced at 3.8 times rooms revenue• 78% occupancy; $114 ADR• 7.5% cap rate after management and reserves*• Second largest edge city• Major commercial location• Recently renovated in anticipation of Homewood’s “Take Flight”
refresh program• Video: http://tinyurl.com/gpzyyca
HOSPITALITY | 815 EAST AMERICAN LANE | SCHAUMBURG, IL
7.5%*
SVN | Chicago Commercial
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© 2017 SVN International Corp.
APRIL 10 – APRIL 14, 2017
EVENTS & WEBINARS
Monday, April 10th OFFICE Council Meeting11:00 am PT / 2:00 pm ET
Wednesday, April 12th MEDICAL OFFICE Council Meeting9:00 am PT / 12:00 pm ET
INDUSTRIAL Council Meeting1:00 pm PT / 4:00 pm ET
Thursday, April 13thRETAIL Council Meeting10:00 am PT / 1:00 pm ET
Tuesday, April 11th LEASING Council Meeting8:30 am PT / 11:30 am ET
PREFERRED VENDOR WebinarYardi Matrix 10:00 am PT / 1:00 pm ET
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© 2017 SVN International Corp.
SVN @ INDUSTRY TRADESHOWS
2017 SIOR Spring World ConferenceApril 26-29, 2017 | New Orleans, LA
Be sure to stop by and visit us at the SVN Booth (booth# TBD) at one of SIOR’s most important
events of the year!
RECon 2017May 21-24, 2017 | Las Vegas, NV
SVN will be at 2017 RECon!Visit us at Booth #C162F.
REGISTRATION IS NOW OPEN.
DEALS TO CLOSE?SAVE THE DATE
for the
The SVN Mid America Deal Conference (formerly SVN Midwest Deal Conference)
October 3rd and 4th, 2017
For more information, please contactKurt Lord ([email protected])
212 Kingshighway Blvd. | St. Louis, MO 63108
located in the Historic & Happening Central West End across from the city's Fabulous Forest Park
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© 2017 SVN International Corp.
SVN Operations Summit
SAVE THE DATE
The SVN Operations Summit is a fantastic opportunity for all SVN Operations,
Administrative and Marketing staff to acquire more advanced knowledge and
skills within the SVN system.
July 31 – August 1, 2017 | Chicago, IL
Registration is now open and space is limited!Check the Dashboard for more information.
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© 2017 SVN International Corp.
THANK YOU FORJOINING US!
Please visit www.svn.com for more information on the properties featured on today’s call and
to view all of SVN’s active listings.