SVN Live 4-10-2017

© 2017 SVN International Corp.

WEEKLY PROPERTY BROADCAST

APRIL 10, 2017

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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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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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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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• 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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PRESENTERS


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


• 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 $




• 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




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


FEATURED INVENTORY

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FEATURED INVENTORY$60,799,000

BUY-SIDE COMMISSION$1,151,730

FEATURED INVENTORY FINANCIAL SUMMARY

Price $

Buy Side Fee $

Size

$ /SF $





AL [email protected]

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 $




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 $




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 $




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




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 $




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 $




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




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

TOM [email protected]

FRANK [email protected]

Price $

Buy Side Fee $

Size

$ /SF $

Cap




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 $





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 $




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




SVN | Hamm & Co.

TOM [email protected]

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%*

AL [email protected]


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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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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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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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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.

http://www.svn.com/

SVN Live 4-10-2017

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Transcript of SVN Live 4-10-2017