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© 2017 SVN International Corp.
WEEKLY PROPERTY BROADCAST
APRIL 17, 2017
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ECONOMIC TALKING POINTS
Conference Board reports spikes in both CEO and Consumer Confidence
• The Conference Board reports CEO Confidence spiked by 15 points at the Year End ’16 reading, up to the highest reading in six years. Consumer Confidence also increased to a 15-year high of 114.8 in its latest February reading.
• Overall, these data points may be the best news for continued growth in real estate fundamentals as increased spending and investment will likely push rents higher and vacancies lower for most commercial asset classes.
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© 2017 SVN International Corp.
• Data from the FTSE/NAREIT All REIT Index showed that REITs beat the S&P 500 Index with a total return of 4.2% versus 4.0%; further REITs grew Funds From Operations (a measure of REIT cash flow) by7.4% in 2016.
• Overall, analyst have come to a semi-consensus that growth in property fundamentals and REIT capital structures will outpace most risks from cap rate rises due to interest rate moves. As a leading indicator of private real estate values and returns, this is a strong positive note for values of commercial real estate in 2017.
REITs shake off interest rate fears and beat equity markets in February
ECONOMIC TALKING POINTS
© 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.
SVN | Infinity Commercial Group
MARK [email protected]
20,076 SF
1,266,000• +/- 5,000 SF office space• 16FT-20FT clear• 2 docks and 2 drive-ins• 1200 Amp, 3 phase 480• Room for 10,000 SF extension• 100 car parking lot
63.06
INDUSTRIAL | 400 TRADE CENTER | ST. PETERS, MO
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 | Chicago Commercial
REID [email protected]
61,715 SF
1,900,000 • Sixth multifamily closing in Rockford, IL within past 24 months
• Repeat buy-side client30.79
8.06%
MULTIFAMILY | CARLTON & WINDSOR APARTMENTS | ROCKFORD, ILCODI [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 | JCDAWSON Global Real Estate
JERRY [email protected]
43,500 SF
2,200,000• SVN Advisors led buyer and seller through
complex Washington, DC tenant rights (TOPA) process
• Completed TOPA requirements in less than 6 months
• Hot submarket resulted in several back up offers
50.57
5.9%
MULTIFAMILY | 1958 19TH PLACE SE | WASHINGTON, DC
KAYVAN [email protected]
SVN | K&M Commercial LLC
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 | Realty Three Advisors LLC
PATRICIA [email protected]
7,700 SF
2,275,000 • People’s United Bank building • Net leased retail and office building• The sale closed at the end of March 2017
295.45
6.2%
RETAIL | 375 DEER PARK AVENUE | BABYLON, NY
© 2017 SVN International Corp.
FEATURED INVENTORY
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PRESENTERS
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© 2017 SVN International Corp.
FEATURED INVENTORY$59,595,000
BUY-SIDE COMMISSION$927,615
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
WAYNE [email protected]
42,000 SF
N/A
Subject to Offer
1%
• Excellent Chicago West Loop location surrounded by new development
• Approximately 42,000 SF with 2016 NOI of $850,579
• One block from Clinton CTA station, Ogilvie Transportation Center (Metra) and three blocks from Union Station (Metra)
• Located in transit oriented development (T.O.D.) zone
• Across the street from newly developed Hampton Inn
• Recently constructed rooftop deck and common areas
• Additional +/- 40,000 SF of buildable air rights
OFFICE | 117-121 NORTH JEFFERSON | CHICAGO, ILLEE [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 | Infinity Commercial Group
MARK [email protected]
47,777 SF
62.79
3,000,000
90,000
• Also available for lease at $7 SF/year; 3% commission• 47,777 SF free standing office building• One dock door• New parking lot and new rear drive lane in 2015• Great location• 334 parking spaces• Population of 31,344
RETAIL | 1007 DOUGLAS STREET | MALDEN, MO
LOUIS [email protected]
SVN | The Kase Group
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 | RealStar Advisors
JEFF [email protected]
16,000 SF
225
3,600,000
72,000
• Price reduced• New five-year National Tenant NNN lease renewal Class A+ and
production area finishes• Free standing building; 24 FT ceiling height• Cap rate of 6% to 8.1%• Building has fully installed sprinkler system and is well
maintained• Year 6 pro forma resects a 8% cash on cash ROI; year 10 IRR of
14%
OFFICE | 1395 W. AUTO DRIVE | TEMPE, AZ
6%
MICHAEL [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 | Bluestone & Hockley
CLIFF [email protected]
26,800 SF
149.25
4,000,000
80,000
• Redevelopment opportunity• Perfect location to tear down existing buildings and build
approximately 80 inner city apartment units• The property is a leased single-tenant industrial property
comprised of two adjoining buildings containing 9,650 SF; 3,950 SF is office space
• This tenant could remain in place through planning process
LAND | 5017 NE GRAND AVENUE | PORTLAND, ORJIM WIERSON [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 | Northco
EDWARD [email protected]
59,561 SF
83.86
4,995,000
99,990
• Spectacular office space featuring great interior and exterior architectural features
• Listed on the National Register of Historic Places (1989)• Prime location in downtown Saint Paul, close to central business district,
Rice Park, Region’s and St Joseph’s Hospitals, Lowertown, restaurants and entertainment
• Located two blocks from Highway 94/ I-35E• New/upgraded HVAC, plumbing, electrical systems and elevator• Minimal interior modifications needed for conversion to a boutique
hotel/apartments
HOSPITALITY | 26 EAST EXCHANGE STREET | SAINT PAUL, MNCHRISTOPHER [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 location• 100% occupancy• Many long term tenants• Professionally managed
RETAIL | 24531 TRABUCO ROAD | LAKE FOREST, CA
4.6%
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 | Imperial Realty
CHIRS BAJ, CCIM, [email protected]
85,282 SF
99.08
8,450,000
105,625
• Premier location at expanding I-80/ Route 22 interchange with 77,000 cars per day
• 134 room hotel with courtyard pool, meeting space, full service restaurant and fitness center
• 13.88 acres perfectly positioned for multiple redevelopment opportunities
HOSPITALITY | 1220 W. MAIN STREET | STROUDSBURG, PA
8.35%
ALEX [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 | Hotels
BRYAN [email protected]
55,922 SF
193.13
10,800,000
108,000
• 112 room limited service hotel• 2 miles from RDU International Airport• Long term licensing from Marriott• Minimal change of ownership PIP• Attractive financing available to qualified buyers
HOSPITALITY | 2750 SLATER ROAD | MORRISVILLE, NC
8.9%
SANJAY [email protected]
919.573.8638
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
STEPHEN [email protected]
75,000 SF
233.33
17,500,000
227,000
• 83% of building’s net rentable area expires within 3 years
• NNN lease structure for all tenants
• Value-add opportunity with short term existing leases significantly below market value
• Excellent Fulton Market location within evolving Kinzie Industrial Corridor
• Surrounded by many planned developments with high potential for future development
• Rarely available full block with large on site parking
OFFICE | 400 N. MAY STREET | CHICAGO, ILJAMES [email protected]
CHAD [email protected]
DREW [email protected]
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© 2017 SVN International Corp.
APRIL 17 – APRIL 21, 2017
EVENTS & WEBINARS
Wednesday, April 19th
BEST PRACTICES Webinar8:30 am PT / 11:30 am ETSpecial Guest Host: Paul Getty, SVN Managing Director
PROPERTY MANAGEMENT Council Meeting1:00 pm PT / 4:00 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!
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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.
