SVN Live March 20, 2017

© 2017 SVN International Corp.

WEEKLY PROPERTY BROADCAST

MARCH 20, 2017

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ECONOMIC TALKING POINTS

REIS reports strong growth in industrial sector, led by e-commerce distribution

• According to REIS, effective rent in the warehouse/ distribution sector grew by 0.7% in the 4th quarter largely due to large online distributors like Amazon; rates for Flex/R&D space varied widely market from up 1.3% to down -0.2%, but overall the nation looks healthy.

• Vacancy rates for warehouse/distribution declined slightly to just above 10%, Flex/R&D saw a larger 70basis point decline to 11.1; both product types saw reduced levels of new supply and construction pipelines in 2016 indicating 2017 may be a good year for further improvements in fundamentals.

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• REIS reports vacancy rates for neighborhood and community centers as well as regional malls held steady at 9.9% and 7.8% respectively; while effects grew at modest rates 1.9% and 2.0% respectively as well.

• Overall, job growth for retail and restaurants workers decelerated from 3.3% in 2015 to 2.2% in 2016;this leads REIS to fear a modest correction in fundamentals of retail markets in 2017.

Retail shows flat movement in 2016, potential weakness in 2017, according to REIS

ECONOMIC TALKING POINTS


RECENTLY CLOSED DEALS

Sale Price $

Size

$ /SF $

Cap

*For qualified transactions, 50% of the gross commission to the buy side.

50% OF THE COMMISSION | 100% OF THE T IME* | THE SVN DIFFERENCE

PROPERTY HIGHLIGHTSPROPERTY DETAILS


SINGLE TENANT | 601 E. SANTA FE TRAIL BLVD. | LAKIN, KS

SVN | Silveri Co.

PETER [email protected]

616.893.1398

115.38

1,050,000

9,100 SF

• Absolute Triple Net

• Closed in 22 days

• Cash deal

6.95%

Sale Price $

Size

$ /SF $

Cap





SINGLE TENANT |11000 N. STATE HIGHWAY 7 | CLIMAX SPRINGS, MO

SVN | Silveri Co.


616.893.1398

134.07

1,220,000

9,100 SF

• Absolute NNN Dollar General Investment

• 1031 Exchange

• First time buyer

• 7th closing together for Sterling & Peter

6.6%

SVN | Encompass Commercial

STERLING [email protected]

816.436.4600

Sale Price $

Size

$/SF $





INDUSTRIAL | 6160 MILLER ROAD | BRECKSVILLE, OH

SVN | First Place Commercial Realty

VICTOR [email protected]

888.236.1435

34.38

1,100,000

32,000 SF

• Took nearly 3 years to sell this empty asset in Cleveland suburb

• Building dates back to 1974 with three subsequent additions

• Poor loading facilities and low ceilings

• Buyer was less than a mile away

• Needed a building to expand warehouse and fulfillment capabilities

• Staying in touch with seller allowed Vic to retain the listing

Sale Price $

Size

$ /SF $

Cap





MULTIFAMILY | 2620 LEJUENE DRIVE | BILOXI, MS

SVN | AVAT Realty

ANDREW [email protected]

256.653.0065

74.84

11,500,000

153,667 SF

• Best of submarket asset

• 1995 construction

• Repeat buyer

5.95%


FEATURED INVENTORY

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FEATURED INVENTORY$73,279,272

BUY-SIDE COMMISSION$1,326,591

FEATURED INVENTORY FINANCIAL SUMMARY

Price $

Buy Side Fee $

Size

$ /SF $





RETAIL | 230 S. KNOWLES AVENUE | NEW RICHMOND, WI

SVN | ProdenAssociates

13,000 SF

107.31

1,395,000

41,850

• Downtown brew house/ restaurant on busy Main Street

• Previous revenue: $1.7- $1.9M range

• Located in vibrant community 30 minutes from Minneapolis/ St. Paul

• Excellent interior condition with 2 large restaurant kitchens

STAN [email protected]

612.867.0044

Price $

Buy Side Fee $

Size

$ /SF $

Cap





MIXED USE | 1717 SONOMA BOULEVARD | VALLEJO, CA

SVN | MG Property Advisors, Inc.

13,500 SF

197.78

2,670,000

66,750

• Mixed use property; 17 apartments over 6 retail stores

• Prime corner location in downtown

• 100% occupied with waiting list

• Below market rents; tremendous upside in rents

• Over $800,000 in renovations during last 3 years

4.74%

GARY GUSTAFSONBRE #00414569

[email protected]

415.472.1660

Price $

Buy Side Fee $

Size

$ /SF $

Cap





INDUSTRIAL | 1820 WATSON LANE | NEW BRANFELS, TX

SVN | Norris Commercial Group

28,075 SF

110.73

3,108,705

77,718

• Investment opportunity for a sale-leaseback

• 10 year lease expires December 31, 2023 with two 5 year renewal options

• Built in 2011; additions in 2016 & 2016

• Lease is guaranteed by Enertech Resources, LLC

• Between San Antonio and Austin

• State of the art office building and warehouse sitting on over 10 fully fenced and secure acres8.5%

LES [email protected]

830.358.7816

Price $

Buy Side Fee $

Size

$ /SF $





OFFICE | 222 NE 27TH STREET | MIAMI, FL

SVN | Commercial Realty

JOEL [email protected]

954.448.8531

3,766 SF

836.43

3,150,000

63,000

• +/- 3,766 SF two story office/showroom building, plus detached studio

• Fully renovated with high end finishes

• First floor has reception, showroom areas and restroom

• Second floor has 2 large offices, conference room, kitchen and bathroom

• 3 private parking spots, plus street parking

• Secure and private lot with electric wrought iron entry gate

• +/- 532 SF studio in rear of property

ANTHONY [email protected]

305.509.0412

Price $

Buy Side Fee $

Size

$ /SF $

Cap





SINGLE TENANT | 2450 COOLIDGE ROAD | EAST LANSING, MI

SVN | Silveri Co.

5,007 SF

716.60

3,588,000

71,760

• Absolute NNN

• 11+ years left on base term

• Meijer out lot

• Over 150,000 people within 5 miles

• 10% rent increase next year

6%


616.893.1398

Price $

Buy Side Fee $

Size

$ /SF $

Cap





SINGLE TENANT | 850 WESTERN AVENUE | LAKE FOREST, IL

SVN | Chicago Commercial

16,309 SF

275.92

4,500,000

45,000

• STNL Property leased to “The Fresh Market”

• National grocery chain with 178 stores in 27 states and approx. $1.8B in sales

• Fantastic location in affluent downtown Lake Forest, IL; across from Metra commuter station

• TFM purchased by Apollo Global Management in 2016

5.8%

WAYNE [email protected]

312.529.5791

Price $

Buy Side Fee $

Size

$ /Acre $





LAND | 2113 EUBANK BOULEVARD NE | ALBURQUERQUE, NM

SVN | Walt Arnold Commercial Brokerage

9.75 Acres

615,384.62

6,000,000

180,000

• CVS anchored developable lot for Shadow Center

• Comprised of 4 parcels

• With “sweep street” left in- 7.56 acres ($18.22/SF)

• With “sweep street” removed ($14.13/SF)

• Approved and entitled for a Big Box Anchor and/or Junior Anchor with shops space

• Owners preferred action is to develop himself, but if purchase presented at firm price, will sell to 1031 exchange

GLENN [email protected]

505.503.2642

KRIS [email protected]

505.503.2639

Price $

Buy Side Fee $

Size

$ /Acre $





RETAIL | 1300 RINEHART ROAD | SANFORD, FL

SVN | Florida Commercial Real Estate Advisors

5.6 Acres

1,696,429

9,500,000

190,000

• State of the art dealership

• Highly sought after location

• Up to 300 parking spaces for inventory

• Located in Lake Mary/ Sanford’s Dealers Row

• Perfect for major franchise relocation

• 3 buildings totaling 24,653 SF

• Only car dealership location allowed in area

MIGUEL DE [email protected]

407.333.9565

MIKE [email protected]

407.948.2419

Price $

Buy Side Fee $

Size

$ /SF $





RETAIL | 2247-2287 FIRST STREET | FORT MYERS, FL


ASHLEY [email protected]

941.961.7109

STEVE [email protected]

239.205.2344

BRYAN [email protected]

239.205.2344 89,059

218.96

19,500,000

292,500

• Historic building with high occupancy in the heart of Downtown Ft. Myers

• Existing parking lot can be development land across from Marina

• One of the fastest growing MSA’s in the country

• Rare opportunity for both cash flow and development in downtown and adjacent to water

Price $

Buy Side Fee $

Size

$ /Acre $





OTHER | 2044 WEST FIRST STREET | FORT MYERS, FL


ASHLEY [email protected]

941.961.7109

4.734 Acres

4,194,782

19,867,567

298,013

• 4.734 +/- acres of prime waterfront; PUD and permits in place

• Current operations include hotel, marina and restaurant lease

• PUD approval for 352 units and 37,685 SF of retail

• Existing 131 slip state of the art marina with floating concrete dock system

• Waterfront location with Gulf of Mexico access

STEVE [email protected]

239.205.2344

BRYAN [email protected]

239.205.2344

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MARCH 20 - MARCH 24, 2017

EVENTS & WEBINARS

Tuesday, March 21st

PREFERRED VENDOR Webinar10:00 am PT / 1:00 pm ETBrokerSavant, Inc. Technology to facilitate better, faster, cheaper lease abstract processes for property owners, third party service providers and corporate tenants.

Wednesday, March 22ndBEST PRACTICES Webinar8:30 am PT / 11:30 am ETTerrifying Questions

PROPERTY MANAGEMENT Council Meeting1:00 pm PT / 4:00 pm ET

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BOSTON | March 28-31, 2017

REGISTRATION IS ENDING TODAY!

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)

NOTE: Completion of the SVN System for Growth "SVN | Jumpstart® Prerequisite" courses is required.

SVN | JUMPSTART®

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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.

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