Post on 21-Jan-2018
WEEKLYPROPERTYBROADCAST
January8,2018
Live®
www.svn.comPAGE|
©2017SVNInternationalCorp.
Live®
ECONOMIC TALKINGPOINTS
CMBSdelinquencyratesfellagainforfifthconsecutivemonth
• Trepp,Inc.reportedthattheCMBSdelinquencyratefellto5.18%inNovemberfrom5.21%inthemonthprior.Overall,thedownwardtrendindicatesaveryhealthycommercialrealestatemarket.
• Retailsawitsmajoruptickduetoanow30daysdelinquentlargeloanpoolsecuredbyToysRUswhoisinbankruptcy.Thisunderscorestheriskof2018,individualassetsandcompanieswhosebusinessmodelsfailtomodernizeastheeconomygrows.
www.svn.comPAGE|
©2017SVNInternationalCorp.
Live®
ECONOMIC TALKINGPOINTS
Multifamilyrentsdeclinedslightlytwomonthsinarow,howevermarketstabilizing
• AccordingtoYardi,averagemultifamilyrentsdeclinedinNovemberbyonedollarto$1,358.Still,rentsgrew2.5%yearoveryearandareonly$4fromtheall-timerecordhighsetinSeptember.
• Whilemanythoughtmulti-familywasnearingtheendofitscycle;thisreportactuallysuggestsitmaybegearingupforanotherrunasjobgrowthacceleratesandhurricanerelocationsareeatingupavailableinventory.
©2017SVNInternationalCorp.
Live®
CLOSEDDEALS
SalePrice $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
20,026SF
OTHER| 11 GROVESTREET | ASHEVILLE , NC
MICHAELHOFFMANmichael.hoffman@svn.com828.551.0447
• Historicallysignificantbuilding- originalYWCAbuiltin1924• Soldatfullaskingprice• Sellerwillremaininbuildingfor1yearasatenant• Thepropertyhouses3nightclubs
SVN|BlackStream
| Live®®
2,900,000
144.81
KEVINJENNINGSkevin.jennings@svn.com828.774.5535
SalePrice $
Size
Price/Unit $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
CODYDORANcody.doran@svn.com312.960.6766
• LIHTCpropertyinitsextendeduseperiod• Pitchedtheownerin2012&wonlisting4yearslater• Metthebuyerattherestaurantacrossthestreetfromthe
propertywhileshowinganotherprospect
SVN|ChicagoCommercial
| Live®®
3,200,000
MULTIFAMILY | 22 E CL INTONSTREET | JOL IET, I L
REIDBENNETT,CCIMreid.bennett@svn.com312.960.6762
53,333.33
60Units
SalePrice $
Size
Price/Unit $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
CODYDORANcody.doran@svn.com312.960.6766
• 8thRockfordmultifamilycomplexsold• Sameownersformorethan43years• Soldfor$1millionovercompetitorsproposedlistingprice• Originallysentanoffertoownership2½yearsago
SVN|ChicagoCommercial
| Live®®
4,800,000
MULTIFAMILY | 2535-2917 HALSTEDROAD | ROCKFORD, I L
REIDBENNETT,CCIMreid.bennett@svn.com312.960.6762
33,802.82
142Units
SalePrice $
Size
Price/Acre $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
390Acres
CHRISBUTERAchris.butera@svn.com386.453.4789
• 391.89acredevelopmentparcelinDaytonaBeach,FL• Potentialfor1,000developmentunits• IdeallocationonWilliamsonBlvdwitheasyaccesstogreaterDaytona
Beacharea• LocatedlessthanonemiletoI-95andI-4
SVN|AllianceCommercialRealEstateAdvisors
| Live®®
3,300,000
LAND| WILL IAMSONBLVD| DAYTONABEACH, FL
8,461.54
SalePrice $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
186.52
27,879SF
• HistoricPre-ChicagoFirebuildingbeingfullyrenovatedforloftofficeuse
• 37,000SFbuildingwithfullbasement
• LocatedtwoblocksfromOgilvieTrainStation
• OveradozenoffersgeneratedwiththeSVNDifferenceincentivizingrepresentedprospectivebuyers
SVN|ChicagoCommercial
| Live®®
5,200,000
OFFICE | 156 N JEFFERSON | CHICAGO, I L
SCOTTMAESELBRE#471.005379scott.maesel@svn.com312.676.1860
.
DREWDILLONBRE#475.139988drew.dillon@svn.com734.223.2315
CHADSCHROEDLBRE#471.012418chad.schroedl@svn.com312.756.7329
SalePrice $
Size
Price/SF $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
52,101SF
JOELMILLER,CCIMjoel.miller@svn.com630.938.4950
• 8.88%CAPon2018scheduledincome
• 79%occupancy
• SVNrepresentedlocalprivateinvestor
• Lenderownedasset• ContractwasterminatedinNovemberbutrevivedwithseller
concessionsinearlyDecemberwiththepromiseofyearendclose
SVN|LandmarkCommercialRealEstate
| Live®®
6,100,000
RETAIL | 2764 AURORAAVENUE | NAPERVILLE , I L
117.08
8.88%
©2017SVNInternationalCorp.
Live®
FEATUREDINVENTORY
www.svn.comPAGE|
©2017SVNInternationalCorp.
Live®
FEATUREDINVENTORY:$35,094,000.00
BUY-SIDECOMMISSION:$904,805.00
FEATUREDINVENTORYFINANCIALSUMMARY
ListPrice $
BuySideFee $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
43,500
INDUSTRIAL | 3033 NAVARREROAD | CANTON, OH
VICTORS.VOINOVICH,SR.voinovichv@svn.com888.236.1435
• Theperfectwarehouse,truckterminal,orlightmanufacturingfacility• ClosetohighwayinterchangesprovidingaccesstoEasternOhio• Rail(Norfolk&Southern)sidingwith4loadingdocksforsideloading• 9.66totalacresprovidesforabundantoutsidestorage,parking,ortruck
trailers• 5loadingdocks(2covered);3driveindoors• 24'ceilingheight• Includesremovable14,400s.f. mezzaninethatcouldbeusedforstorage
SVN|FirstPlaceCommercialRealty,LLC
| Live®®
31.41
1,450,000
46,159SF
JERRYFIUME,SIOR,CCIMjerry.fiume@svn.com330.416.0501
SVN|SummitCommercialRealEstateGroup,LLC
ListPrice $
BuySideFee $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
45,000
LAND | 200 S INDIANR IVERDRIVE | FORTP IERCE, FL
ROBERTHAMMANrobert.hamman@svn.com561.346.2310
SVN|FloridaCommercialRealEstateAdvisors
| Live®®
1,500,000
38,725SF
DAVIDKENDALLdavid.kendall@svn.com561.723.8463
• PriceReductionby21%
• 200± feetalongthewaterfront
• Greatlocationforamixed-usedevelopment
• LocatedinhistoricdowntownFortPierceandincloseproximitytoshoppingandrestaurants38.73
ListPrice $
BuySideFee $
Size
Price/Acre $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
123,750
LAND| 1330 SWSWALLOWTAIL WAY| PALMC ITY, FL
| Live®®
4,950,000
35.98Acres
• Uniquewaterfrontdevelopmentopportunity• 36± acreswithover1,200feetonthecanal• NestledbetweenI-95andFLTurnpike• Zonedwaterfrontgeneralcommercial• Previouslyapprovedfor27wetslipsupto150'• Previousapprovalallowedforover3,000linearfeetofdockage
137,576
ROBERTHAMMANrobert.hamman@svn.com561.346.2310
SVN|FloridaCommercialRealEstateAdvisors
DAVIDKENDALLdavid.kendall@svn.com561.723.8463
ListPrice $
BuySideFee $
Size
$
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
198,750
OTHER| 24-26 N CAUSEWAYDRIVE | FORTP IERCE, FL
| Live®®
7,950,000
8.41Acres
• Residential/marinadevelopmentwithapprovalsalreadyinplace• SpectacularmarinasitelocatedatthebaseoftheN.Causeway
DrivebridgewhichisaveryshortdistancetotheFortPierceInlet
• Singletenant,incomeproducing$325KNOI945,303
ROBERTHAMMANrobert.hamman@svn.com561.346.2310
SVN|FloridaCommercialRealEstateAdvisors
DAVIDKENDALLdavid.kendall@svn.com561.723.8463
ASHLEYBLOOMashley.bloom@svn.com941.961.7109
$/Acre
4.09%
ListPrice $
BuySideFee $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
66,000
RETAIL | 6855 SE MARICAMPROAD | OCALA, FL
BARTOWMCDONALDIVbartow.mcdonald@svn.com352.274.3800
• Neighborhoodshoppingcenterlocatedonasignalizedhardcorner
• Valueaddopportunity
• FormerWinnDixieanchor
• $52,000HHincome
| Live®®
34.38
2,200,000
64,000SF
SVN|FloridaCommercialRealEstateAdvisors
ListPrice $
BuySideFee $
Size
Price/SF $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
21,000SF
80,325
MULTIFAMILY | 815 S COBBPARKWAY | MARIETTA, GA
JEFFHAMMONDjhammond@svn.com210.889.6819
• TheResidencesatOlley'sCreekboast2buildingscontaining15unitseachon3floors
• Propertyhasexcellentroadvisibilityon4laneS.CobbParkwayintheheartofMarietta,GA,oneofAtlanta'slargestsuburbs
• Thepropertyhasgoodunitmixandincludesefficiencies,1/1&2/1units• Theunitsfeaturebalconiesonboththefrontandbackentrancesandallelectric
utilities
SVN|Creviston Realty
| Live®®
109.29
2,295,000
8.14%
DELCREVISTONdel.creviston@svn.com770.992.5112
ListPrice $
BuySideFee $
Size
Price/SF $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
18,000SF
69,000
OFFICE | 6362-6368 NF IGARDENDRIVE | FRESNO, CA
MARKMIMMSBRE#00634344mimms@svn.com559.222.9909
• Executivesuitesbuiltin2008
• GreatNorthFresnolocationincloseproximitytoshoppingarea
• Sellingbelowreplacementvalue
• Canplacenewfinancing
SVN|MJMandAssociates,Inc.
| Live®®
127.78
2,300,000
6.5%
ListPrice $
BuySideFee $
Size
Price/SF $
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
40,000SF
88,500
RALPHMALMROSralph.malmros@svn.com949.278.9669
• Ecommercefulfillmentcenterordistributionfacility
• Ecommercereachis85millionpeoplewithintwodays
• Unobstructedareawitha22ft.ceilingandnocolumns
• 1100AMPS- suitableformanufacturingprocessaswell• Availablenow
SVN|AllianceCommercialRealEstate
| Live®®
2,950,000
INDUSTRIAL | 465 ROBERTS ROAD | FLAGLERBEACH, FL
73.75
ListPrice $
BuySideFee $
No.ofUnits
Price/Unit $
Cap
*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE
PROPERTYHIGHLIGHTSPROPERTYDETAILS
©2017SVNInternationalCorp.
COMMERCIAL REAL ESTATE ADVISORS
189,980
SFRPORTFOLIO | MIDWEST-SOUTH-SOUTHEAST
MICHAELFINCHmichael.finch@svn.com480.797.9825
• Currentportfoliooccupancyat86%,currentgrossyieldis17.2%,currentNOIis8.28%• Projectedgrossyieldatfulloccupancyis19.46%,projectedNOIis10.79%• EstimatedleveragedIRRat44.30%;estimatedleveragedcashoncashreturnat31.50%• Opportunitytosurpassaveragemarketrentswithinteriorandexteriorupgrades• Investorvalue-addupsideincreasingrentstomarketlevelsandimprovinghomes
(conservative3%rentgrowthpro-forma)• Excellentopportunitywithuniquemixofhomesforvalueaddand/orsubstantiallongterm
holdforrentalandvaluegrowth
SVN|RealStarAdvisors
| Live®®
34,292
9,499,000
8.28%
277Units
JEFFCLINEjeff.cline@svn.com480.326.6646
©2017SVNInternationalCorp.
Live®
SVNPRODUCTCOUNCILCALLSFORTHEWEEKOFJANUARY8– JANUARY12,2018
EVENTS&WEBINARS
MONDAYJANUARY8
HOSPITALITY11:00am PT|2:00pmET
TUESDAYJANUARY9
INSTITUTIONAL CAPITALMARKETS
10:00am PT|1:00pmET
WEDNESDAYJANUARY 10
MEDICALOFFICE9:00am PT|12:00pmET
2 0 1 8 S V N A N N U A L C O N F E R E N C E | M A R C H 7 - 9 , 2 0 1 8 | N E W M E X I C O
The Wednesday and Thursday activities are filling up fast!
And the special discounted room rate expires February 5th.
Register today and experience the SVN Difference.
EXPERIENCE THE SVN DIFFERENCE
www.svn.comPAGE|
©2017SVNInternationalCorp.
Live®
HAPPYNEWYEARAND
THANKYOUFORJOININGUS!
Pleasevisitwww.svn.com formoreinformationonthepropertiesfeaturedontoday’scallandto
viewallofSVN’sactivelistings.