SVN Live Weekly Property Broadcast 01.08.18

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Transcript of SVN Live Weekly Property Broadcast 01.08.18

WEEKLYPROPERTYBROADCAST

January8,2018

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ECONOMIC TALKINGPOINTS

CMBSdelinquencyratesfellagainforfifthconsecutivemonth

• Trepp,Inc.reportedthattheCMBSdelinquencyratefellto5.18%inNovemberfrom5.21%inthemonthprior.Overall,thedownwardtrendindicatesaveryhealthycommercialrealestatemarket.

• Retailsawitsmajoruptickduetoanow30daysdelinquentlargeloanpoolsecuredbyToysRUswhoisinbankruptcy.Thisunderscorestheriskof2018,individualassetsandcompanieswhosebusinessmodelsfailtomodernizeastheeconomygrows.

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ECONOMIC TALKINGPOINTS

Multifamilyrentsdeclinedslightlytwomonthsinarow,howevermarketstabilizing

• AccordingtoYardi,averagemultifamilyrentsdeclinedinNovemberbyonedollarto$1,358.Still,rentsgrew2.5%yearoveryearandareonly$4fromtheall-timerecordhighsetinSeptember.

• Whilemanythoughtmulti-familywasnearingtheendofitscycle;thisreportactuallysuggestsitmaybegearingupforanotherrunasjobgrowthacceleratesandhurricanerelocationsareeatingupavailableinventory.

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CLOSEDDEALS

SalePrice $

Size

Price/SF $

*Forqualifiedtransactions,50%ofthegrosscommissiontothebuyside.50% OF THE COMMISS ION | 100% OF THE T IME* | THE SVN D IF FERENCE

PROPERTYHIGHLIGHTSPROPERTYDETAILS

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COMMERCIAL REAL ESTATE ADVISORS

20,026SF

OTHER| 11 GROVESTREET | ASHEVILLE , NC

MICHAELHOFFMANmichael.hoffman@svn.com828.551.0447

• Historicallysignificantbuilding- originalYWCAbuiltin1924• Soldatfullaskingprice• Sellerwillremaininbuildingfor1yearasatenant• Thepropertyhouses3nightclubs

SVN|BlackStream

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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

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COMMERCIAL REAL ESTATE ADVISORS

CODYDORANcody.doran@svn.com312.960.6766

• LIHTCpropertyinitsextendeduseperiod• Pitchedtheownerin2012&wonlisting4yearslater• Metthebuyerattherestaurantacrossthestreetfromthe

propertywhileshowinganotherprospect

SVN|ChicagoCommercial

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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

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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

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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

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COMMERCIAL REAL ESTATE ADVISORS

186.52

27,879SF

• HistoricPre-ChicagoFirebuildingbeingfullyrenovatedforloftofficeuse

• 37,000SFbuildingwithfullbasement

• LocatedtwoblocksfromOgilvieTrainStation

• OveradozenoffersgeneratedwiththeSVNDifferenceincentivizingrepresentedprospectivebuyers

SVN|ChicagoCommercial

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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

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COMMERCIAL REAL ESTATE ADVISORS

52,101SF

JOELMILLER,CCIMjoel.miller@svn.com630.938.4950

• 8.88%CAPon2018scheduledincome

• 79%occupancy

• SVNrepresentedlocalprivateinvestor

• Lenderownedasset• ContractwasterminatedinNovemberbutrevivedwithseller

concessionsinearlyDecemberwiththepromiseofyearendclose

SVN|LandmarkCommercialRealEstate

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6,100,000

RETAIL | 2764 AURORAAVENUE | NAPERVILLE , I L

117.08

8.88%

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FEATUREDINVENTORY

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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

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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

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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

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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

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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

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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

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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

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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

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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

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