sperry van ness #cre monday national sales meeting 8-20-12
TRANSCRIPT
Monday National Monday National Sales MeetingSales Meeting
August 20, 2012August 20, 2012
October 23-25 Online BiddingOctober 23-25 Online BiddingDeadline Extended to September 7 Deadline Extended to September 7
WSJ ad hits September 12WSJ ad hits September 12
• For assets that NEED sold and closed by year end - sellers must be MOTIVATED & CAPABLE of selling.
• Advisors who already have 2 or more assets with signed agreements include: Shari Tucker, Erin Schrauth, Jeff Baasch, Walt Arnold, Larry Ilfeld, Connie Neville, Mike Gallatin, Bartow McDonald, Bill Graham, Earl Brady, Don Erler, Bill Menish, Bob Kline, Jerry Anderson.
• ONLY 2.5% buyer’s premium. That's 1/2 of other online events - Online Bidding traffic will be heavy.
• SVN Collaboration policy in place - we always share our listing fee 50/50 if a buyside broker brings buyer
All material and even a revised video is on: www.svnauctionevent.com
Louis [email protected]
954.931.0592
October 23-25 Online BiddingOctober 23-25 Online BiddingDeadline Extended to September 7 Deadline Extended to September 7
WSJ ad hits September 12WSJ ad hits September 12
“Even though I'm not sure all the assets on the list that I am discussing with the bank will ultimately qualify for the auction, this event has been a great door opener for me to get in front of new contacts. At worst, I think it is paving the road for future listings and I thank you for that.”
Jay Taylor of Raleigh
For additional details please contact: Louis Fisher
This Week’s Upcoming This Week’s Upcoming Calls and TrainingsCalls and Trainings
Wednesday, August 22nd Boot Camp – Day 1
Thursday, August 23rd Boot Camp – Day 2
Friday, August 24th Boot Camp – Day 3
Featured ClosingsFeatured Closings
Electrical Union Hall #769 | Phoenix, AZ
Just Closed!
$443,000Transaction Highlights:•Negotiated & had contract signed within 2 days of property coming on the market•SBA loan obtained for property + $200,000 in renovation•Buyer had an intense parking requirement (yoga studio, massage therapy & school) this property has 50+ parking•Buyer looking for a property with appropriate zoning, parking, in central phoenix for 3 years!
Judy Calahan [email protected], AZ
1881 NW 93rd Avenue | Doral, FL
Just Closed!
$670,000Transaction Highlights:•Sold to Owner-User•SVNCR Represented Seller•$75 PSF
Joel A. [email protected] Lauderdale, FL
Hernan [email protected] Lauderdale, FL
Former Wal-Mart | Cheraw, SC
Just Closed!
$750,000Transaction Highlights:•Dark store with 1 ½ years left on Wal-Mart lease•Multiple Offers•Sale complicated by Wal-Mart first right of refusal
John Johnson, CCIM, ALC404-303-1232 [email protected], GA
1900 S. Lemay Little Bears Daycare | Fort Collins, CO
Just Closed!
$750,000Transaction Highlights:•45 day close•Buyer is a Charter School•Cash deal
Cobey [email protected] Collins, CO
3501 NW 54th Street | Miami, FL
Just Closed!
$1,470,000Transaction Highlights:•Sold to Owner-User•SVNCR Represented Seller•Contract to Close 60 Days
Joel A. [email protected] Lauderdale, FL
Hernan [email protected] Lauderdale, FL
Camp Wisdom Medical Office | Grand Prairie, TX
Just Closed!
$1,700,000Transaction Highlights:•100% Occupied with Credit Tenancy of Baylor Health Care and Columbia HCA Healthcare Corporation•Purchaser: Private Trust based in Hawaii•Built in 2009 and purchased at $256/sf•IRR @ 24.36%•Cash-on-Cash @ 13.4% •Cap @ 8.53%Bruce Marshall
Lee Lock It Inn Self Storage | Lee, NH
Just Closed!
$2,900,000Transaction Highlights:•Occupancy rose from 82-90% during contract period•Set back encroachments caused 45 day delay in closing•Strong regional buyer purchased at 8.5% CAP
Connie [email protected], MA
Datura Place | West Palm Beach, FL
Just Closed!
$3,350,000Transaction Highlights:•Note Sale•5 Days to Closing•Off Market Transaction
Joel A. [email protected] Lauderdale, FL
Hernan [email protected] Lauderdale, FL
Total Inventory:Total Inventory:$75,134,000$75,134,000
Gross Fee Buy Side:Gross Fee Buy Side:$1,832,525$1,832,525
Former China Buffet Restaurant | Sun City, AZ
$795,000 | For Sale
$23,850 | Buy Side Fee
Offering Highlights:•Fully fixturized restaurant & banquet center•High traffic; excellent redevelopment site•3 monument signs on major highway/Large lot
Judy Calahan [email protected], AZ
Mary [email protected], AZ
Rommie [email protected], AZ
3441 Airways Blvd – Park it Here | Memphis, TN
$1,700,000 | For Sale
$51,000 | Buy Side Fee
Offering Highlights:• 5,828 SF luxury parking facility•Structure is an architectural award winning design•12.38 acres adjacent to Memphis International Airport•Offsite airport parking, covered and surface
John Snyder, CPM, [email protected], TN
Jon Albright, CCIM, [email protected], TN
Stonebridge Golf Course | Martinsburg, VA
$1,900,000 | For Sale
$76,000 | Buy Side Fee
Offering Highlights:•18 Hole established golf course and multi-functional clubhouse•State authorized slot machines netting $40,000 per year•Also has restaurant and lounge with large TV screens•Golf course is surrounded by single family and townhomes•Sale includes all equipment for operations, furniture and fixtures
Conrad Koneczny, [email protected], VA
Tuck [email protected], VA
Byrnegate Plaza | Toledo, OH
$1,950,000 | For Sale
$48,750 | Buy Side Fee
Offering Highlights:•100% occupied•Long term tenants (20+ yrs)•Offered at a 9.50% Cap Rate
Doug Wright, [email protected], OH
Michael [email protected], OH
Byrne Dorr Shoppes | Toledo, OH
$1,950,000 | For Sale
$48,750 | Buy Side Fee
Offering Highlights:•96% occupied•Family Dollar anchored center•Many long term tenants •Offered at a 9.50% Cap Rate
Doug Wright, [email protected], OH
Michael [email protected], OH
Hampton Inn | Lewisville, TX
$2,200,000 | For Sale
$55,000 | Buy Side Fee
Offering Highlights:•Another $400K price reduction•Extremely motivated seller•Interior corridor•Excellent condition, $600K renovation in 2008•Preapproved for Quality Inn with minimal PIP-Must convert from Hampton Inn•Suburban Dallas interstate location near DFW•Priced at only 2.3 times 2011 room rev
Heather Hamilton, [email protected], TX
Matt Chandler, [email protected] Rock, AR
Signalized Commercial Corner | Jurupa Valley, CA
$2,990,000 | For Sale
$89,700 | Buy Side Fee
Offering Highlights:•Price reduced!•Approx. 12.42 Acres•Retail, Multi-Family or Potential Mixed Use Site•Located in the New City of Jurupa Valley•Approx. 30,000 Cars Per Day•Approx. 2,000 Feet of Frontage•One of Last Undeveloped Sites in Area•Only $5.53 Per Square Foot
Mel [email protected] Angeles, CA
Headquarters at Gateway | Pompano Beach, FL
$3,050,000 | For Sale
$91,500 | Buy Side Fee
Offering Highlights:•Bank Owned Property•+/- 33,695 SF 3-Story Class “B” Office Bldg•50% Occupied.
Joel A. [email protected] Lauderdale, FL
Hernan [email protected] Lauderdale, FL
206 High House Road | Cary, NC
$3,400,000 | For Sale
$102,000 | Buy Side Fee
Offering Highlights:•Recent renovations including new board suite•Measurable future upside•8% cap rate•Anchor Tenant: Vantage State Bank; recently recapitalized
Jay Taylor, [email protected], NC
8 Bank Owned Office Buildings | Orlando, FL
$4,300,000 | For Sale
$129,000 | Buy Side Fee
Offering Highlights:•107,772 SF of single story vacant office buildings•Ideal for investor or a user•Priced at below replacement cost•One 815 SF unit was sold previously•All buildings shell condition
Miguel de [email protected] Mary, FL
San Ysidro Swap Meet | San Diego, CA
$5,199,000 | For Sale
$129,975 | Buy Side Fee
Offering Highlights:•2383 & 2388 Via Segundo, San Diego, CA•Owner / User Property or Master Lease Investment•Comes complete with a Swap Meet Business – 22+ Years in Business•Bank Owned•Located near to the "Busiest US Border" at San Diego•Huge upside for owner userRick Hardy
[email protected] Diego, CA
Jim [email protected] Diego, CA
Tony [email protected] Diego, CA
Wal-Mart Plaza Strip Center | Champaign, IL
$1,300,000 | For Sale
$26,000 | Buy Side Fee
Offering Highlights:•11,458 SF retail space•4 suites; 100% occupied•Adjacent to big box tenants•High traffic corridor•Close access to Interstates 74, 57
Alex Ruggieri, CCIM, [email protected], IL
Dan [email protected], IL
Wal-Mart Center Buildings | Decatur, IL
$5,200,000 | For Sale
$104,000 | Buy Side Fee
Offering Highlights:•45,114 SF of improved retail space•Two locations on 6.36 acres•Fully leased with national, regional, & local tenants•14 suites•Just off Interstate 72 & Highway 51
Alex Ruggieri, CCIM, [email protected], IL
Dan [email protected], IL
Charleston Park Apartments | St. Charles, IL
$5,600,000 | For Sale
$70,000 | Buy Side Fee
Offering Highlights:•Price reduced!•Cap rate 7.19%•Large value add opportunity
Matthew [email protected], IL
Reid Bennett, [email protected], IL
Jim [email protected], IL
Summer Ridge Apartments | Davenport, IA
$6,100,000 | For Sale
$122,000 | Buy Side Fee
Offering Highlights:•Historically high occupancy•Below market rents•Significant capital improvements made over last 5 Years•180 Units
Reid Bennett, [email protected], IL
Jim [email protected], IL
Cody [email protected], IL
4126 & 4150 Technology Way | Carson City, NV
$11,500,000 | For Sale
$345,000 | Buy Side Fee Offering Highlights:•100% Leased to the State of Nevada Health Division•New Five Year Lease in Place•Two Class A, 3-Story Office Buildings
Finance Option:
$2.5 MM Cash Down Payment (20%)
$6.5 MM New 1st T.D. By Buyer (60%)
$2.5 MM Seller Carry Back 2nd T.D. (20%)
$11.5 MM Sales Price
Thomas Y. Johnson, [email protected] City, NV
Concordia/Greeley Medical Clinic | Greeley, CO
$16,000,000 | For Sale
$320,000 | Buy Side Fee
Offering Highlights:•Strong credit tenant (Poudre Valley Health Care, Inc.)•Across the street from the regional hospital (Northern Colorado Medical Center)•Almost 8 years remaining on primary lease•Established practices•Cash on cash return close to 8% year 1
Craig C. [email protected] Collins, CO
Kyle Lundy, [email protected] Collins, CO
Thank you for joining us! Thank you for joining us!
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