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© 2017 SVN International Corp.
WEEKLY PROPERTY BROADCAST
MARCH 13, 2017
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© 2017 SVN International Corp.
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© 2017 SVN International Corp.
PRESENTERS
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© 2017 SVN International Corp.
WELCOME NEW SVN ADVISORS
SVN | AuctionWorksNorthbrook, ILBianca Castillo
SVN | VanguardSanta Ana, CABrandon DesprasWilliam Webster
SVN | Mexico CityMiguel Hidalgo, DFRoberto Leon
SVN | Alliance Commercial Real Estate Advisors Ormond Beach, FLChance Jewels
SVN | Chicago Commercial Chicago, ILDavid Miller
SVN | Florida Commercial Real Estate AdvisorsFort Myers, FLCatherine CovalRobert O’Connor
SVN | South Commercial Real Estate AdvisorsMiami, FLWilliam Hemingway
SVN | Blackstream Greenville, SCJohn Cannon
SVN | Tideland Commercial North Charleston, SCJohn Michael Brock
SVN | Alta Commercial Salt Lake City, UTBill Stone
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© 2017 SVN International Corp.
SVN | Parke Group Fort Wayne, INRussell Zimmerman
SVN | Stora RealtyNew York, NYJustin Panetta
SVN | Commercial Advisors, LLCSalem, ORDax Chen
SVN | Trinity AdvisorsFort Worth, TXJohn Jones
SVN | Motleys Richmond, VABrandy Morris
WELCOME NEW SVN ADVISORS
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© 2017 SVN International Corp.
ECONOMIC TALKING POINTS
Apartment markets have solid 2016, look steady for 2017, according to REIS• According to REIS, apartment rents grew by 3.6% in
2016 while vacancy remained unchanged at 4.2%nationally; this was better than expected and occurred with a 1.8% increase in supply.
• Going forward, rental rate growth is expected to decline with increased new supply; but developers may be “pumping the breaks” in time to avoid market collapse.
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© 2017 SVN International Corp.
• According to REIS, office markets experienced a 20 bps decline in vacancy to 15.8%, with 4th quarter activity being a major factor; effective lease rates increased by 2.4%, which is down from 3.6% in 2015but still respectable; new supply was down in 2016, 33.5 million SF vs 37.4 million SF in 2015 and largely contained to pre-leased/build- to-suit projects.
• Given the perpetual low level of new supply and continued robust growth in the office using jobs sector, office could be the upside breakout sector of 2017.
Office markets show slow, steady improvement in 2016, according to REIS
ECONOMIC TALKING POINTS
© 2017 SVN International Corp.
RECENTLY CLOSED DEALS
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 | Whitecap
CANDICE [email protected] MULTIFAMILY | 2709 4TH AVENUE N. | SEATTLE, WA
445.34
1,100,000
2,470 SF
3.48%
• Amazing location between Queen Anne and Fremont• Close to Facebook and Google offices, dining and
lifestyle amenities• Updated units featuring hardwood floors and in-unit
washers and dryers
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.
SVN | Walt Arnold Commercial
PATTI [email protected]
JOEL [email protected]
HUNTER [email protected] 28.80
2,475,000
85,938 SF
• Purchased by owner/user for behavioral care facility• Part of 4-building portfolio; 3 buildings are still
available• Owner is planning extensive renovation to the property
OFFICE| 1801 RANDOLPH SE| ALBUQUERQUE, NM
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 | Asset Advisory Group
BARBARA [email protected]
674.30
3,128,783
4,640 SF
6%
• Credit tenant guaranteed Urgent Care Facility• High growth Dallas suburb• Long term, NNN Lease
MEDICAL OFFICE| 7760 HIGHWAY 78| SACHSE, TX
Sale Price $
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
ROBERT [email protected]
1,825,095
4,800,000
2.63 Acres
RETAIL | 1500 N. US HIGHWAY ONE| JUPITER, FL
• Property was under foreclosure• Bank gave the owner 5 days to get the property under
contract and sold within 45 days• Presented the property to a local investor who
submitted the contract on the same day• Paid 5% commission on $5,000,000 ($200,00 more
than the sale price)
© 2017 SVN International Corp.
FEATURED INVENTORY
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© 2017 SVN International Corp.
FEATURED INVENTORY$29,545,000
BUY-SIDE COMMISSION$740,500
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 | AVAT Realty, LLC
ANDREW [email protected]
42,300 SF
49.65
2,100,000
42,000
• Brick construction• Good physical condition• Recent renovations• Well managed• 4 two-story buildings
MULTIFAMILY | 3913 TALWELL DRIVE S. | HUNTSVILLE, AL
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.
RETAIL | 1535 WEST 26TH STREET | ERIE, PA
SVN | Three Rivers Commercial Advisors
JASON [email protected]
10,586 SF
236.16
2,500,000
50,000
6.5%
• Strong sales history and high demand location ensure long-term investment
• 18 year history at this location• Lease guaranteed by CVS Revco D.S. Inc.- operates 10,000 stores
in 49 states• Cap rate 6.9% upon lease extension• Double Net [NN] minimal landlord responsibility• Located on main traffic corridor - 20,000 CPD
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.
RETAIL | 1001 JEFFERSON AVENUE | WASHINGTON, PA
SVN | Three Rivers Commercial Advisors
JASON [email protected]
11,060 SF
424.95
4,700,000
141,000
6.5%
• Strong sales history and a high demand location ensure long-term investment opportunity
• Opportunity Double Net [NN] means minimal landlord responsibilities
• Located on signalized corner• Lease term remaining of 8 years plus 5 [5-year] options
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 | BlackStream
STEPHEN [email protected]
20,879 SF
124.05
2,590,000
90,650
• 25,400 VPD (station #147)• 1 mile from downtown Spartanburg• Talbots anchored strip center• Across the street from Converse College
WILLIAM [email protected]
RETAIL | 551 E. MAIN STREET| SPARTANBURG, SC
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.
MULTIFAMILY | 67 E. ROANOKE AVENUE| PHOENIX, AZ
SVN | RealStar Advisors
MICHAEL [email protected]
12,000 SF
279.17
3,350,000
83,750
5.75%
• 20 units
• Vibrant central Phoenix location
• Brand new Class A quality construction
• Near highest employment corridor in metro Phoenix
• Walking distance to Light Rail
• Fully upgraded interior and exterior renovations
• Close to schools, hospitals and Sky Harbor Int. Airport
• Adjusted cap rate with cost segregation benefit is 7.75%
JEFF [email protected]
Price $
Buy Side Fee $
Size
$ /Acre $
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 | Rich Investment Real Estate Partners
TRAVIS ALBEEBRE #[email protected]
1.19 Acres
3,781,512
4,500,000
90,000
5.56%
• 78% of property is leased by national credit tenants• Ingress/egress at a signalized intersection• Located on Simi Valley’s main street with 29,000 cars
per day• Local population growth more than 4%• 60 parking spaces
TILDEN MOSCHETTIBRE #[email protected]
JEFF ALBEEBRE #[email protected]
RETAIL | 1542 E. LOS ANGELES AVENUE | SIMI VALLEY, CA
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 | Chicago Commercial
6 Acres
783,333
4,700,000
141,000
• Excellent land site at signalized hard corner• 39,500 daily traffic count• Great opportunity for multi use development• Located around high income residential properties• Strong demographics
LAND | 21481 N. RAND ROAD | KILDEER, IL
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 | Don Ellwanger
DON ELLWANGERBRE#01008217 [email protected]
19,888 SF
256.69
5,105,000
102,100
6.75%
• 100% occupied• 2 buildings• 10 long term tenants• Located along heavily traveled Walerga
Road
RETAIL | 7117-7137 WALERGA ROAD | SACRAMENTO, CA
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© 2017 SVN International Corp.
MARCH 13 - MARCH 17, 2017
EVENTS & WEBINARS
Monday, March 13th
OFFICE COUNCIL Meeting11:00 am PT / 2:00 pm ET
Thursday, March 16th
LAND COUNCIL Meeting11:00 am PT / 2:00 pm ET
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© 2017 SVN International Corp.
BOSTON | March 28-31, 2017 REGISTRATION IS ENDING SOON!
SVN|Jumpstart® is designed to provide SVN franchisees and their Advisors with the information they need to utilize the tools, systems, and research available to their advantage. These courses are available both online and in person.
Registration information can be found on the SVN Dashboard (my.svn.com) or on SVN.com (svn.com/svn-jumpstart)
Space is limited, so REGISTER today!
NOTE: Completion of the SVN System for Growth "SVN | Jumpstart® Prerequisite" courses is required.
SVN | JUMPSTART®
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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 opens Monday, March 6th at 12pm ET.Check your email 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.
