sperry van ness #cre national sales meeting 7-15-13
TRANSCRIPT
National National Sales MeetingSales MeetingJuly 15, 2013July 15, 2013
Former CBRE investment team lands at Sperry Van Ness/Walt Arnold Commercial Brokerage
“It really brings three really quality people to Sperry Van Ness and I know they’ll continue to have the success here that they’ve enjoyed. The investment market and investment properties is their focus and strength.”
Walt ArnoldManaging DirectorSperry Van Ness/Walt Arnold Commercial Brokerage
Patti Peixotto Joel White Hunter Greene
SVNIC Welcomes…Sperry Van Ness Commercial Advisors, LLC
Eugene Location, OREugene Location, OR
Greg HerbertManaging BrokerSenior Advisor
Vince SchultzAdvisor
Ryan OvertonOffice Manager
711 Country Club Road, Suite 1BEugene, OR
Phone: (541) 345-2361
Curt ArthurManaging Director
Save the Date!Save the Date!
This Week’s Upcoming EventsThis Week’s Upcoming EventsThursday, July 18th
Best Practices Call (8:30am PT / 11:30am ET)
National Retail Call(10am PT / 1pm ET)
4356 39th Street | San Diego, CA
Just Closed!
$500,000Transaction Highlights:•Established; repeat seller•2/5 vacant at time of sale•All cash buyer
Jim [email protected] Diego, CA
12717 N. 19th Street | Tampa, FL
Just Closed!
$630,000Transaction Highlights:•Sale Price $10,000 Above List Price•12 Written Offers•Closed at Original Contract Price•30 Days Contract to Close
Jad [email protected] Park, FL
Enon [email protected] Park, FL
1301 Landmeier Road | Elk Grove, IL
Just Closed!
$725,000Transaction Highlights:•Relatively quick transaction (60 days from tour date to close)•SBA financed deal•Olivia represented the Buyer
Olivia [email protected], IL
2950 B Street | San Diego, CA
Just Closed!
$925,000Transaction Highlights:•10 unit apartment building•Procured 17 offers on property•Property was vacant & in severe disrepair•All cash deal closed in 14 days
Jim [email protected] Diego, CA
Tony [email protected] Diego, CA
Farmington Hills Office | Farmington Hills, MI
Just Leased!
$975,000Key Lease Terms:•12,000 SF•5 year Term•Tenant specializes in Physical & Occupational Therapy•$350,000 in Tenant Improvements
Dan Stewart, [email protected] Arbor, MI
Michael [email protected] Arbor, MI
5070 Sigstrom Drive | Carson City, NV
Just Closed!
$1,100,000Transaction Highlights:•29,500 sq. ft. Industrial Building•$37.29 per SF•Local Buyer User•SBA Loan
Bruce Robertson, CCIM775-883-3936 [email protected] City, NV
Jack Brower, CCIM775-883-3936 [email protected] City, NV
Joel Fountain775-883-3936 [email protected] City, NV
1006 S. Orange Drive | Los Angeles, CA
Just Closed!
$1,810,000Transaction Highlights:•16 Units•Full Price Offer•Exchange Buyer•6% Cap and 9.7 GRM
Brian [email protected] Angeles, CA
Michael [email protected] Angeles, CA
5693 S. Jones Blvd. | Las Vegas, NV
Just Closed!
$2,800,000Transaction Highlights:•Retail Strip Center: 43% Occupied w/ 7 tenants•12 Offers in 60 days•Bank Owned Foreclosure
Michael [email protected] Vegas, NV
413 N. Carpenter | Chicago, IL
Just Closed!
$3,475,000Transaction Highlights:•10 apts / 12,000 SF of Commercial Space / 11,000 SF parking lot•Fully stabilized property•Worked on deal for over 5 yrs / 5 separate contracts•Complicated transaction included partial leaseback, environmental, title/survey, and defeasance issues•Many offers and substantial interest in property•SVN was sole broker
Wayne [email protected], IL
Academy Point | Colorado Springs, CO
Just Closed!
$5,500,000Transaction Highlights:•A 77,700 Office & Office Flex which was 77% occupied•Sales Price @ $70.79 per sq. ft. •5 & 10 Yr. IRR @ 43.6% & 31.6%•Going In Cash-on-Cash 19.44%•6th of 7 deals with Hawaiian ESOP Medical Practice Sale for $42,000,000 and tax free exchange capital redeployment•Got to love it when a plan comes together!
Bruce [email protected], TX
Self Storage Portfolio | 3 Properties in MA & RI
Just Closed!
$14,554,000Transaction Highlights:•All facilities Class A and under 10 years old•6 Offers Received•30 days Due Diligence•Local Developer/Institutional Buyer
Connie [email protected], MA
Nick Malagisi, [email protected], NY
2650 Kitty Hawk Road | Livermore, CA
Just Closed!
$17,700,000Transaction Highlights:•1031 Exchange Buyer Rep•Brand New 24 Hour Fitness Supercenter Club•Freeway Visibility•Outstanding High Growth Bay Area Location
Kevin D. Chin, CCIM415-922-2900 [email protected] Francisco, CA
Wen Tung415-922-2900 [email protected] Francisco, CA
Total Inventory:Total Inventory:$34,781,032$34,781,032
Gross Fee Buy Side:Gross Fee Buy Side:$918,186$918,186
1131 Lancaster Drive NE | Salem, OR
$749,000 | For Sale
$22,470 | Buy Side Fee
Offering Highlights:•4,500 SF•Investment Property•Priced perfect for first-time investor•8.1% cap rate on current income•Single-tenant building with potential to multi-tenant•Website: http://bit.ly/12wGskw
Jennifer Martin, [email protected], OR
15192 SW 137th Street | Miami, FL
$1,100,000 | For Sale
$22,000 | Buy Side Fee
Offering Highlights:•9,485 SF Flex Investment Building•24,000 SF Lot Size•17 Parking Spaces•10 Office Suites on the 2nd Floor•5 Retail/Warehouse on 1st Floor•Elevator•Built in 2008•Within close proximity to the Kendall Tamiami Executive Airport and the Turnpike•Website: http://bit.ly/135hYiu
Laura [email protected], FL
Banyan Beach Motel | Winter Haven, FL
$1,100,000 | For Sale
$33,000 | Buy Side Fee
Offering Highlights:•23 Rooms / 22 Mobil Home Sites•Site 4.42 acres with portion directly on Spring Lake•Ideal Operation for Mom & Pop, Starter or Retiree•3 in 1 = Real Estate Investment, Business & Owners Residence •Newly Constructed Owners Luxury Apartment Adjoining Front Desk•Actual Cap Rate 5.7%•Huge Business Upside and Land Appreciation •Website: http://bit.ly/134HTXt
Natvar [email protected], FL
24835 S. Dixie Highway | Homestead, FL
$1,250,000 | For Sale
$37,500 | Buy Side Fee
Offering Highlights:•4,980 SF•South Miami-Dade Retail/Business Opportunity on busy US-1, with over 100 feet of frontage•Currently national brand tenant True Value Hardware store. Price above does not include the business. Price for property with the business and inventory is $1,665,000•Investor or user opportunity•Website: http://bit.ly/18c3BC1
Matthew Rotolante, CCIM, [email protected], FL
Caroline Camus, [email protected], FL
Robert [email protected], FL
Retail/Office Development Opportunity | Carson City, NV
$850,000 | For Sale
$25,500 | Buy Side Fee
Offering Highlights:•Two Parcels totaling 2.13 AC•$9.16 per SF•Located on Main Strip of Carson City•331 Feet of Frontage•19,000 Cars Per Day•Retail Commercial Zoning•Website: http://bit.ly/16yfrQ0
Bruce Robertson, CCIM775-883-3936 [email protected] City, NV
Joel Fountain775-883-3936 [email protected] City, NV
Carson City Retail Building | Carson City, NV
$1,350,000 | For Sale
$33,750 | Buy Side Fee
Offering Highlights:•9,916 SF Stand Alone Retail Building•Asking $136.14 per SF•Zoned Retail Commercial•Built in 1998•Concrete Block Construction•Approx. 25% Showroom / 75% Warehouse•258 Feet of Frontage on N. Carson St.•Located 2 mi. from Carson Tahoe Medical Center
Bruce Robertson, CCIM775-883-3936 [email protected] City, NV
Joel Fountain775-883-3936 [email protected] City, NV
Jiffy Lube Portfolio-Indianapolis(NE) | Noblesville, Anderson, Kokomo, IN
$1,647,000 | For Sale
$41,175 | Buy Side Fee
Offering Highlights:•Seven +/- years left on this absolute net lease to MT Enterprises Inc, an operator of 10 quick oil change locations. •NNN investment available individually, as a regional group of three locations, or in a portfolio of several locations. •8.5% cap rate•Website: http://bit.ly/1aezzL8
Peter [email protected] Rapids, MI
David De [email protected] Rapids, MI
Bob Horn, [email protected], IN
David Cook, [email protected], TX
Sevier County Medical Office Bldg. | Sevierville, TN
$1,700,000 | For Sale
$68,000 | Buy Side Fee
Offering Highlights:•13,499 SF•8.25% cap rate•Directly Across from New $130 Million Regional Hospital•Next to VA Medical Center and Sevier County Health Department•Excellent Location with Upside Potential•Website: http://bit.ly/14LEKjtEd Thompson
10400 South Drew Bryant Circle | Floral City, FL
$1,750,000 | For Sale
$52,500 | Buy Side Fee
Offering Highlights:•24.0 Acres•Finished lots in a 55 and older community in Floral City, FL. •The property features 33 finished lots and approved development for 101 more lots. •The community features a clubhouse that is available for home buyer to join. •Website: http://bit.ly/17S2ILe
J. Chris Malkin941-366-1136 [email protected], FL
Ashley [email protected], FL
3050 N. Kentwood | Springfield, MO
$1,850,000 | For Sale
$55,500 | Buy Side Fee
Offering Highlights:•5.84 Acres•Over 19 Million Cars/Year - Excellent Visibility•Only $7.27/SF•All Utilities•Current Building Being Demolished•Website: http://bit.ly/12RmKjr
Tim Roth, [email protected], MO
Denny’s Restaurant | O’Fallon, IL
$2,250,000 | For Sale
$45,000 | Buy Side Fee
Offering Highlights:•5,136 SF•7.9% cap rate•Absolute NNN – No Landlord obligations•Owner Carry Possibility•13 years remaining on lease plus one 5 year option•1.5% annual rent increase•Busy US Highway 50 location. One mile North Interstate 64•Average household Income $77,000+ within 3 mile radius•Website: http://bit.ly/12pDiDS
Danny Fishman [email protected] Angeles, CA
Kevin Lynch, [email protected], IL
661 Acres on I-95 | Florence, SC
$2,644,000 | For Sale
$105,760 | Buy Side Fee
Offering Highlights:•661 Acres•State of SC Certified Industrial Site•Portion is currently in row crop production, timberland, pasture land•I-95 frontage •Lots of road frontage •Property can be subdivided •One of largest tracts in region•Website: http://bit.ly/1b3M3rZVan Watts
843-839-4100 [email protected] Beach, SC
3015 N. Atlantic Blvd | Cocoa Beach, FL
$2,408,000 | For Sale
$36,120 | Buy Side Fee
Offering Highlights:•Dollar Tree Corporate Lease •Next to Publix Supermarket•Signalized Ingress & Egress•Scheduled Rent Commencement Is 2/1/2014•NN – Landlord Has Roof And Structure Responsibilities •10 Year Initial Term With $.50 PSF Rent Increase In Year 6 •Two 5 Year Options With $.50 PSF Increase Each Term •1.54 Acre Parcel •Website: http://bit.ly/12hVcoH
Mike Migone, [email protected], FL
Clint [email protected], FL
8389 Dani Drive | Fort Myers, FL
$2,683,032 | For Sale
$53,660.64 | Buy Side Fee
Offering Highlights:•2,809 SF•Original 15 Year NNN•Annual Increases - 1.75%•10 Years From January 9, 2013 Remaining on Lease•Four 5 Year Options with 1.75% Annual Increases•NOI For 2013 - $167,627•Website: http://bit.ly/17S08VuMike Migone, CCIM
Clint [email protected], FL
Wolf Creek Townhomes | Amelia, OH
$2,600,000 | For Sale
$65,000 | Buy Side Fee
Offering Highlights:•30 Ranch and Town Home Style Units •Originally Built as Condos / Class A/A-•97% Occupancy•Tenants Pay All Utilities Including Electric, Gas, Heat, and Water•All Units Have Basements•Desirable School District in Amelia, OH / Eastern Cincinnati •Website: http://bit.ly/134Xwy1
Bart [email protected] Township, OH
Lawrence Crossing Apartments | Indianapolis, IN
$3,900,000 | For Sale
$97,500 | Buy Side Fee
Offering Highlights:•Short Term Loan Assumption•144 One and Two Bedroom Units•90% Occupancy Guaranty•8.11% cap rate•Website: http://bit.ly/1505ttu
Bart [email protected] Township, OH
Harry [email protected], IN
2000 S. Douglas Hwy | Gillette, WY
$4,950,000 | For Sale
$123,750 | Buy Side Fee
Offering Highlights:•14,912 SF•Walgreens lease in place since 2004 •Approximately $295,000 net income to owner•Fixed rate with adjustments for gross sales percentages•Only Walgreens in Campbell County, WY•Walgreens has 15 day right of first refusal•Property currently is "free and clear" of any loans•Website: http://bit.ly/1brYdta
Steve [email protected] Collins, CO
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