sperry van ness #cre monday national sales meeting september 17, 2012

Monday National Monday National Sales MeetingSales Meeting

September 17, 2012September 17, 2012

This Week’s Upcoming This Week’s Upcoming Calls and TrainingsCalls and Trainings

Tuesday, September 18thNational Self Storage Call (8:30am PST / 11:30am EST)

Thursday, September 20thNational Industrial Team Call (11:00am PST / 2:00pm EST)

Featured ClosingsFeatured Closings

Bank-Owned Daycare Facility | Plainfield, IL

Just Closed!

$800,000Transaction Highlights:•Represented Both Buyer And Seller•Bank REO  - 3rd Sale With This Lender•First Contract fell apart after 8 months•2nd Contract closed at higher price •Procured National Day Care Tenant paired with investor/Buyer•Existing Day Care Operator retained until closing

Wayne Caplan312.529.5791wayne.caplan@svn.comChicago, IL

Dan Plunkett312.676.1863dan.plunkett@svn.comChicago, IL

The Corvallis Clinic | Albany, OR

Just Closed!

$2,850,000Transaction Highlights:•Single Tenant Medical Office•6 years remaining on primary term•7.6% CAP Rate•Buyer had to assume an above-market interest rate loan that matures in 2014

Ryan Imbrie503.208.9403Ryan.imbrie@svn.comPortland, OR

Verizon Wireless | Warner Robbins, GA

Just Closed!

$2,915,000Transaction Highlights:•NNN leased deal•Major mall outparcel•All Cash Deal – 9.3% CAP•Retired BUYER looking for CASH FLOW

Barbara Kreis619-985-5592barbara.kreis@svn.comSan Diego, CA

13 E. Read Street | Baltimore, MD

Just Closed!

$880,000Transaction Highlights:•List to Close 4 weeks •Bank REO •Cash deal, no financing  •9 Full Renovated Units 

Tony Casalena, CCIM443.552.0223Tony.casalena@svn.comBaltimore, MD

Justin Verner410.960.3962justin.verner@svn.comBaltimore, MD

Bahama Bay II Condominium | Orlando, FL

Just Closed!

$8,000,000Transaction Highlights:•Broken Condo Project

•134 units and 234 additional pad

ready lots sold to Buyer

•Developer failed to complete

project, Partially built, Vacant for

5 years

•174 total units built in complex

•Took nearly 11 months from first

meeting to close

•Buyer intends to complete

project, rent and sell the

remaining units

Miguel de Arcos407.333.9565mdearcos@svn.comLake Mary, FL

US Border Patrol Office | Cotulla, TX

Just Closed!

$4,300,000Transaction Highlights:

•SVN handled both Buy & Sell Side of this GSA Transaction

•Purchaser: Private Chicago Based Bond Structured Fund

•Overcame Short Term Lease with Lease Expiration Fears

Bruce Marshall214-261-6306bruce.marshall@svn.comAddison, TX

Tim Strange & Mark Phillips & Jim Hancock405-605-6528 & 480-837-6028 & 214-931-7044tim.strange@svn.com & phillipsm@svn.comOklahoma City | Phoenix | Dallas

Bayside Farm | Snow Hill, MD Just Closed!

$1,000,000Transaction Highlights:•Farm is 250 Acres - 125 acres tillable farm

land - 125 managed in timberland

•Additionally conveyed 250 acres on a 5 year

lease for additional tillable acres on adjacent

farms

•Development Rights on the farm were sold

recently by Ben Alder and Conservation

Lands, Inc. - Value = $1.2M

•One Development Right and 8 acre Working

Farm Operation area allows for construction of

residence and farm buildings

•Young farmer attained financing through PNC

Bank - Agricultural Investments BranchBen Alder443.865.1344ben.alder@svn.comSalisbury, MD

Brent Miller410.543.2440Brent.miller@svn.comSalisbury, MD

Days Inn | Southington, CT

Just Closed!

$2,425,000Transaction Highlights:•70 Rooms/Interior Corridors•REO Property•List to close 19 months

•Deal Sequence: Advised Lender 18 months prior to listing BOV Start Foreclosure BK Complete Foreclosure - Renovate, Reflag, Professional Management, Reposition Sell•SBA financedTom Hamm

203.968.1800hammt@svn.comStamford, CT

Office Complex | Reno, NV

Just Closed!

$375,000Transaction Highlights:•Sold and Managed for US Bank•12,454 SF – Two Story Office Building, built 1981•Operated as executive suites•Buyer to Rehab, change use•Sold to Local Buyer

Tony Yousif619.929.0696tony.yousif@svn.comSan Diego, CA

Joel Fountain775.883.3936joel.fountain@svn.comCarson City, NV

Jack Brower, CCIM775.883.3936browerj@svn.comCarson City, NV

Dollar Tree | El Centro, CA

Just Closed!

$1,830,000Transaction Highlights:•Bank Owned Retail Center•Sold at 8.2% Cap on Existing Income•Leased all vacancy in center to Spirit Halloween during escrow •Buyers agent not to be found until commission instructions•Buyer obtained financing from Wells Fargo at 4.25%Tony Yousif

619.929.0696tony.yousif@svn.comSan Diego, CA

Travis Lyon619.952.8607travis.lyon@svn.comEl Centro, CA

115 Acres of Raw Land | Lincoln, CA

Just Closed!

$825,000Transaction Highlights:•Sold for Bankruptcy Trustee•List to Closed in 60 Days•Sold Above Initial BOV Price•Congrats to Walter Helm – Newlywed

Walter Helm916.920.4432twalter@svn.comSacramento, CA

Tony Yousif619.929.0696tony.yousif@svn.comSan Diego, CA

Closed Gas Station Site | Seattle, WA

Just Closed!

$1,300,000Transaction Highlights:•Sold in Receivership for Bank •Received 13 offers •Sold above banks expectations•Non-operating service station sold as-is

Tony Yousif619.929.0696tony.yousif@svn.comSan Diego, CA

Ben Reed425.339.3638ben.reed@svn.comEverett, WA

Family Dollar | Vidalia, LA

Just Closed!

$825,000Transaction Highlights:• 4 months on the market

before going into Contract• Closing Cap Rate 9%

David Wells305.498.6095david.wells@svn.comMiami, FL

David Gilmore, CCIM504.468.6800gilmored@svn.comKenner, LA

Cummins and Southridge Village I&II | Des Moines, IA

Just Closed!

$7,400,000Transaction Highlights:•197 Unit Affordable Housing Portfolio (Section 8 HAP Contracts & LIHTC)•Multiple offers from across the nation•All Cash Transaction•Complex coordination between multiple partnerships

Cody Doran312.641.0159cody.doran@svn.comChicago, IL

Reid Bennett, CCIM312.641.0159reid.bennet@svn.comChicago, IL

Jim Sears312.641.0159jim.sears@svn.comChicago, IL

Millennium Plaza | Weston, FL

Just Leased!

$1,200,000Key Lease Terms:•Tenant is BurgerFi •10 Year Lease•+/- 3,034 SF Retail Space• 3% Annual Increases on Base Rent •$20 PSF Tenant Improvement Allowance•6 Months Free Gross Rent Abatement Period •Personal Guaranty from BurgerFi Corporate and Franchisees

Joel A. Kattan954.448.8531joel@svncr.comFort Lauderdale, FL

Hernan Prohaszka 954.305.9008hernan@svncr.comFort Lauderdale, FL

Total Inventory:Total Inventory:$62,602,900$62,602,900

Gross Fee Buy Side:Gross Fee Buy Side:$1,356,226$1,356,226

Alpine Mountain Top Resort | Burkesville, KY

Opening Bid/Reserve

$550,000Highlights:•Buy Side Fee: 2%•Swiss Architecture in Iconic Americana Style•26 Rooms - Gated Entry and Steep Slopes Provide Ultimate Privacy•Located Near World Famous Cumberland & Dale Hollow Lakes•A Retreat Property Perfect for Family, Friends and BusinessDon Erler, CAI, AARE

502-297-8797Don.erler@svn.comLouisville, KY

Bill Menish, CAI, AARE502-814-5174Bill.menish@svn.comLouisville, KY

SVN Q4 National Online Event October 23-25$100+ Million Real Estate & Loan Auction

Riverfront Lodge | Burkesville, KY

Opening Bid/Reserve

$550,000Highlights:•Buy Side Fee: 2%•Modern 40 Room Motel in South Central Kentucky•Opening Bid is Less Than 2 Times Annual Gross Revenues•3 Acres of Land with 100 Vehicle Parking Spaces•Right off US 90 - The Only Real Lodging Facility in Town

Don Erler, CAI, AARE502-297-8797Don.erler@svn.comLouisville, KY

Bill Menish, CAI, AARE502-814-5174Bill.menish@svn.comLouisville, KY

SVN Q4 National Online Event October 23-25$100+ Million Real Estate & Loan Auction

Former Hudepohl Brewery | Cincinnati, OH

Opening Bid/Reserve

$250,000Highlights:•Buy Side Fee: 2%•Excellent Visibility & Immediate Access to Interstates 71 & 75•Plans in Place for a New Mixed-Use Green Development•150,000 SF of Old Improvements on a 1.61 Acre Site•Offered with Incredibly Low $250,000 Opening Bid

Don Erler, CAI, AARE502-297-8797Don.erler@svn.comLouisville, KY

Bill Menish, CAI, AARE502-814-5174Bill.menish@svn.comLouisville, KY

SVN Q4 National Online Event October 23-25$100+ Million Real Estate & Loan Auction

2150 Chenault | Dallas (Carrollton), TX

$1,550,000- For Sale

$31,000-Buy Side Fee

Transaction Highlights:

•40,389 SF of Office Flex-100% Leased

•Opening Bid @ $38.37 /sf

•10 Year IRR @ 20.41% @ List Price

•Cash-On-Cash @ 12.04% @ List Price

•11.2% Cap Rate on Opening Bid Bruce Marshall214-261-6306bruce.marshall@svn.comAddison, TX

SVN Auctionpoint.com Item # 180

Park Forest Plaza | Dallas, TX

$6,150,000- For Sale

$123,000-Buy Side Fee

Transaction Highlights:

•Value Add Investment @ 64% Occupancy on 205,439 SF of Flex

•Opening Bid @ $29.94 /sf

•Reproduction Cost @ $110 /sf

•25 Year IRR @ 25.6%

•Existing NOI @ 64% @ $483,767

•80% Occupancy NOI @ $716,968

Bruce Marshall214-261-6306bruce.marshall@svn.comAddison, TX

SVN Auctionpoint.com Item # 270

13500 Midway | Dallas (Carrollton), TX

$2,750,000- For Sale

$55,000-Buy Side Fee

Transaction Highlights:

•43,374 SF of Retail Office-62% Leased

•Opening Bid @ $38.37 /sf

•10 Year IRR @ 27.04% @ List Price

•Cash-On-Cash @ 12.04% @ List Price

•“Value-Add” PlayBruce Marshall214-261-6306bruce.marshall@svn.comAddison, TX

SVN Auctionpoint.com Item # 250

14240 Midway | Dallas (Farmers Branch), TX

$2,600,000- For Sale

$52,000-Buy Side Fee

Transaction Highlights:

•47,973 SF of Office-96% Leased

•Opening Bid @ $54.19 /sf

•25 Year IRR @ 26.71% @ List Price

•Cash-On-Cash @ 12.95% @ List Price

•11.2% Cap Rate on Opening Bid Bruce Marshall214-261-6306bruce.marshall@svn.comAddison, TX

SVN Auctionpoint.com Item # 240

Lake Point Tower Commercial Condo | Chicago, IL

$1,282,900 | For Sale $44,901 |

Buy Side Fee

& a FIAT 500! (Must close by 12/31 for free car)

Offering Highlights:•Just Reduced by $700,000! •Highly Motivated Seller! •11,855 SF of Vanilla Box Previous Restaurant Space With Black Iron•65’ of Frontage Directly Across From Navy Pier Which Has 8,000,000 Visitors Annually•Just East of Lake Shore Drive With 151,000 Vehicles a Day

Scott Maesel312.676.1860scott.maesel@svn.comChicago, IL

Laurie Ramirez312.676.1861laurie.ramirez@svn.comChicago, IL

4300 E. Magnolia | Phoenix, AZ

Price Reduction$750,000 | For Sale

$22,500 | Buy Side Fee

Offering Highlights:•Excellent Owner / User Investor Opportunity•Bank Owned, Will Consider All Offers

•Located Less Than A Mile From

The Hohokam 143 Expressway

Which Provides Easy Access To

The Loop 202, I-10, and US 60

Freeways•Centrally Located In The Heart Of The Industrial Airpark, Just South Of Sky Harbor Airport.

Neil Sherman480.425.5504neil.sherman@svn.comPhoenix, AZ

Justin Horwitz480.425.5518justin.horwitz@svn.comPhoenix, AZ

Nicole Ridberg480.425.5514nicole.ridberg@svn.comPhoenix, AZ

Free-Standing Rite Aid with Drive-Thru | Virginia Beach, VA

$4,600,000 | For Sale

$138,000 | Buy Side Fee

Offering Highlights:•13,000 sq ft building on 2.296 acre site, built in 2004•Signalized intersection with 2 curb cuts, 3 mi. pop of 111,000•Cap Rate 8.5%•Term through 2023 with four (4) 5-year renewals thereafter

Katherine Campbell, CCIM757.717.5878Katherine.campbell@svn.comMachipongo, VA

Development Land | West Milwaukee, WI

$2,700,000 | For Sale

$54,000 | Buy Side Fee

Offering Highlights:•5.23 Acres adjacent to new Walmart (under construction)•1 block from major thoroughfare experiencing rapid commercial growth of major national tenants•Industrial user on property will lease-back short term•Ideal for new retail, bank branch, hospitality, restaurant development•In Village of West Milwaukee TIF District - municipality is eager and accommodating

Jay Hintze561-429- 6228jay.hintze@svn.comGlendale, WI

John Klement561-429- 6228john.klement@svn.comGlendale, WI

Ironwood Business Park | Greeley, CO

$4,100,000 | For Sale

$123,000 | Buy Side Fee

Offering Highlights:•Industrial Investment/ Development Opportunity•Across from New Leprino•Property Comprised of 12 Buildings/28 Tenants/27.88 Acres

Julius Tabert970.488.3190julius.tabert@svn.comFort Collins, CO

Cobblestone Fiesta Center | Maricopa, AZ

$5,350,000 | For Sale

$133,750 | Buy Side Fee

Offering Highlights:•Class A - Ace Hardware Anchored Center •Only Hardware Store in Town! Captive Market! •Excellent Traffic Counts & Demographics•Staggering Lease Expirations

Kevin Matthews480.720.5103kevin.matthews@svn.comPhoenix, AZ

Ryan Mojahed480.425.5509ryan.mojahed@svn.comPhoenix, AZ

3601 NW 54th Street | Miami, FL

$2,350,000 | For Sale

$70,500 | Buy Side Fee

Offering Highlights:•+/- 54,560 SF Warehouse Property comprised of Three Bays•User or Multi-Tenant Investment Property •10 Dock High Loading Doors• Situated on +/- 1.55 Acres • Wholesale/Retail Frontage

Joel A. Kattan954.448.8531joel@svncr.comFort Lauderdale, FL

Hernan Prohaszka 954.305.9008hernan@svncr.comFort Lauderdale, FL

Single Tenant Industrial Investment | Grand Rapids, MI

$7,635,000 | For Sale

$152,700 | Buy Side Fee

Offering Highlights:•Single Tenant NNN Leased with 10+ years left •Strong local company with $35M +/- sales •Assumable Bond Financing 73% LTV•8 cap plus rental increases

Peter Colvin616.893.1398peter.colvin@svn.comGrand Rapids, MI

David DeMaagd616.399.3955david.demaagd@svn.comGrand Rapids, MI

River City Chevron | Bullhead , AZ

$2,300,000 | For Sale

$57,500 | Buy Side Fee

Offering Highlights:•Chevron C-Store•100% Occupied Strip Center w/ Tire Store and Full Service Car Wash •Bank financing Available•7.8% Cap Rate 

David Patterson702.765.6005pattersond@svn.comHenderson, NV

David Baird702.765.6005bairdd@svn.comLas Vegas, NV

Brandon Baird702.765.6005brandon.baird@svn.comLas Vegas, NV

Riverwalk Professional Park Office Condo | Bradenton, FL

$1,050,000 | For Sale

$26,250 | Buy Side Fee

Offering Highlights:•Space contains 7,232 SF•Price per SF = $145.19•Great Location across from Manatee Memorial Hospital•Upgraded Finishes throughout including a back up generator•Ideal for Owner Occupied

T. Michael McNamara 941.366.1136 ex 202michael.mcnamara@svn.comSarasota, FL

Arlington South Industrial | Arlington, TX

$1,185,000 | For Sale

$29,625 | Buy Side Fee

Offering Highlights:•36,000 SF•Front and Rear Load Warehouse•100% Leased•Owner Financing Available

James K. Blake, CCIM817-870-9886james.blake@svn.comForth Worth, TX

Masonic Plaza | Calistoga, Napa Valley, CA

$1,900,000 | For Sale

$47,500 | Buy Side Fee

Offering Highlights:•Bank REO•3 story, 10,911 SF, retail & office building in prime retail area of picturesque Calistoga•Currently leased to five tenants (1 mth-to-mth) with the potential for strong upside rent growth•Excellent condition after being totally renovated in 2006Catherine House, CCIM

415.464.6401catherineh@svn.comSan Francisco, CA

John Williams415.897.4422john.williams@svn.comNovato, CA

Sylvan Park & Mirlen Court Apt | Raleigh, NC

$13,000,000 | For Sale

$195,000 | Buy Side Fee

Offering Highlights:•Fringe of Campus opportunity adjacent to NC State•Currently 100% occupied•6.56% Cap rate•178 total units•Operated conventionally, could be converted to all student housing

Jay Taylor, CCIM919.233.8077jay.taylor@svn.comRaleigh, NC

Harold Fowler919.233.8077harold.fowler@svn.comRaleigh, NC

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