svn live™ open sales call featured properties 5-16-16
TRANSCRIPT
SVN.COM
SVN Live™ Open Sales Meeting
Date: May 16, 2016
Presenters:
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
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*For qualified transactions, 50% of the gross commission to the buy side.
SVNIC Welcomes
SVN | Realty Performance Advisors
Website
*For qualified transactions, 50% of the gross commission to the buy side.
Market Areas: Monroe County, NYAreas of Practice: Sales and Leasing Office, Land, Industrial, Multifamily, Retail and Retail-NNN
Years of Experience: 72 Combined Years
1800 Hudson Avenue, Rochester, NY 14617Phone: 585.225.7440
Robert MarvinManaging Director
®
Cathy BarnumManaging Director
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
Joseph F. Rowley, Jr.Senior Advisor/Managing Broker
JOIN US ICSC RECON | MAY 22-25, 2016 | SVN BOOTH #C162F
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
June 21-24, 2016 | St. Paul, MNCOST = $349
Immerse yourself (or your new Advisor) in our 4-day best-practices event that covers all the CRE new-to-business info, SVN systems, tools and resources needed to have your SVN CRE business
up and running within weeks.
Led by our seasoned CRE professionals, this is a can’t miss opportunity for those new to
CRE or the SVN franchise system.
Register today on the homepage of SVN.com under “Upcoming Events”.
Note: Completion of the SVN System for Growth “Jumpstart Prerequisite” courses is required.
Two Talking Points
Employment weakens in April 2016
National Office Market Gains in 1Q16
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Events & Webinars: May 16 – May 21, 2016
Meetings & Events this Week:Wednesday, May 18th
Best Practice Webinar: Outmaneuvering Your Competitor's... Malarkey8:30 am PT / 11:30 am ET
Office Council Call11 am PT / 2 pm ET
Thursday, May 19th
Land Council Call11 am PT / 2 pm ET
Friday, May 20th
Preferred Vendor Webinar: Introduction to VTS’s Leasing Platform9 am PT / 12 pm ET
Saturday, May 21st
Saturday Call w/John McDermott8:30 am PT / 11:30 am ET
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Transaction Highlights:
• Downtown Mixed Use Building
• 5.90 CAP
• 1031 Exchange Buyer
• Represented Seller in Purchase
10 Years Ago
$1,675,000 | Just Closed
1129-133 Grant Ave. / 968-997 Second St | Novato, CA
John Williams BRE#00777607 | 415.897.4422 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Retail
Transaction Highlights:
• 1031 Buyer Buyer/Possible End
User
• IH 35 Corridor market remains
active
• Premium Frontage
$2,152,299 | Just Closed
4165 N IH 35 | New Braunfels, TX
Patrick M. Lynch, Jr. | 830.358.7801 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Land
Transaction Highlights:
• Building Size is 35,100 Sq. Ft.
• 2 Dock High Doors
• 90 Days Contract to Closing
• Les Byron SIOR, CCIM
Represented the Seller in
Transaction
• Building was built in 1978 by Les
Byron’s father$2,550,000 | Just Closed
2981 Gateway Drive | Pompano Beach, FL
Les Byron, SIOR, CCIM | 954.401.4713 | [email protected]
Steve Davis | 954.650.7824 | [email protected]
Keith Kidwell, SIOR, CCIM | 954.234.8777 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Industrial
Transaction Highlights:
• 90% occupied
• 6.5% CAP on actual income
• Out of state 1031 buyer
• Received 4 offers within 30 day
period
• Listed and sold within 180 days
$5,500,000 | Just Closed
Campus Commons | Reno, NV
Ian Cochran, CCIM | 775.225.0826 | [email protected]
Greg Ruzzine | 775.450.5779 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Office
Transaction Highlights:
• 124 Units
• Our 3rd Rockford closing over
100 units since last March
• SVN Chicago Commercial
represented the buyer and
the seller
• Accepted LOI within 5 days of
listing
$6,400,000 | Just Closed
Multifamily
Versailles Place Apartments | Rockford, IL
Reid Bennett, CCIM | 312.960.6762 | [email protected]
Cody Doran | 312.960.6766 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
New Inventory:$44,316,000
Buy-Side Commission:$1,122,420
*For qualified transactions, 50% of the gross commission to the buy side.
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
Offering Highlights:
• In immediate vicinity of existing
national tenants
• Situated on over 15,000 SF
• Located at the corner of archer
& California
• Across the street from Kelly
High School
• Easily accessible by Orange
Line, I-55 and CTA 62 & 94 bus
linesSubject to Offer | For Sale
2.5% | Buy Side Fee
4050 S. Archer Avenue | Chicago, IL
Scott R. Maesel | 312.676.1860 | [email protected]
Andrew Gomez | 312.756.7355 | [email protected]
Adam Thomas | 847.219.6383 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Retail (Portfolio)
Offering Highlights:
• Corner site off Cicero Avenue
• Situated on over 22,000 SF
• Large automobile traffic count
• In immediate vicinity of existing
national tenants
• Ideal for a variety of uses
$1,110,000 | For Sale
$27,750 | Buy Side Fee
4800 W 24th Place | Cicero, IL
Scott R. Maesel | 312.676.1860 | [email protected]
Andrew Gomez | 312.756.7355 | [email protected]
Adam Thomas | 847.219.6383 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Retail
Offering Highlights:
• Corner location at Montrose and
Austin Avenue
• Zoned B3-1
• Parking on site
• Development/Redevelopment
opportunity
• Large automobile traffic count
$1,200,000 | For Sale
$30,000 | Buy Side Fee
6000 W Montrose Avenue | Chicago, IL
Scott R. Maesel | 312.676.1860 | [email protected]
Andrew Gomez | 312.756.7355 | [email protected]
Adam Thomas | 847.219.6383 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Retail
Offering Highlights:
• Development opportunity
• Easy access from Highway 50
• Total site over 34,000 SF
• In immediate vicinity of existing
national tenants
• High automobile traffic on 87th
street$1,400,000 | For Sale
$35,000 | Buy Side Fee
4850 W 87th Street | Burbank, IL
Scott R. Maesel | 312.676.1860 | [email protected]
Andrew Gomez | 312.756.7355 | [email protected]
Adam Thomas | 847.219.6383 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Retail
Offering Highlights:
• Corner location at Belmont &
Central Avenue
• Mixed-use building
• Zoned B1-2
• National retailer tenants
• Value add opportunity
• Large automobile traffic count$2,010,000 | For Sale
$50,250 | Buy Side Fee
5601 W Belmont Avenue | Chicago, IL
Scott R. Maesel | 312.676.1860 | [email protected]
Andrew Gomez | 312.756.7355 | [email protected]
Adam Thomas | 847.219.6383 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Mixed-Use
Offering Highlights:
• 8,820 SF Multi-Tenant
Office/Warehouse
• Built in 2004
• 5 Loading Docks
• Zoned C-5 Commercial
• Online Accelerated Sale
• Bidding Opens: Wed. June 15 -
Bidding Closes: Wed. June 22, 2 PMSubject to offer | For Sale
3.0% | Buy Side Fee
11810 Murray Olds Ct.| Midlothian, VA
Tim Dudley |804.822.3131 | [email protected]
Chip Jones | 804.822.3145 | [email protected]
Seth Marinoff | 804.822.3139 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Industrial
Offering Highlights:
• Approx. 8,721 SF Strip Center
• 75% occupied
• Several long term tenants
• Tenants pay all utilities, scavenger &
snow removal
• Short term leases allow for value-
add scenario
• Good for owner/user plus income
from existing tenants
• Heavy traffic Dempster St has a
daily vehicle count of nearly 30,000
$1,050,000 | For Sale
$31,500 | Buy Side Fee
3552-64 W. Dempster | Skokie, IL
Wayne Caplan | 312.529.5791 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Retail
Offering Highlights:
• 6512 SF lot (74' x 88')
• Zoned C1-2
• +/- 300 ft from CTA Blue Line
• TOD location allows reduced or
eliminated residential parking
• Owner/user potential
• Additional two lots for sale to
south, allowing for +/- 11,000
SF total
$1,200,000 | For Sale
$36,000 | Buy Side Fee
1840 N Western Ave| Chicago, IL
Charles R. Gibbs, Jr | 312.756.7332 | [email protected]
Wayne Caplan | 312.529.5791 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Land
Offering Highlights:
• Priced for quick sale
• Interstate Highway 35 frontage
• More homes under construction
behind Subject
• Zoned "GB" (General Business
Use)
• Motivated seller$1,400,000 | For Sale
$42,000 | Buy Side Fee
Land
IH-35 North | Schertz, TX (San Antonio MSA)
Altaf Akbari | 281.496.9140 | [email protected]
Patrick M. Lynch, Jr | 830.358.7801 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Offering Highlights:
• New roof Dec 2014 w/ 15 year
warranty
• Significant interior
improvements 2005 & 2015
• Unique art deco architecture
• Major new access from I95 to
Atlantic & Beach Blvds
• Freestanding building, 60+
parking spots$1,475,000 | For Sale
$44,250 | Buy Side Fee
3304-3316 Beach Blvd | Jacksonville, FL
Jim Morgan, CCIM | 904.346.3668 | [email protected]
Tom Morgan, MSRE | 904.346.3668 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Retail
Offering Highlights:
• 48 Space Mobile Home Park
• Can do Overnight R.V
• 250 of Water Frontage on the
Colorado River.
• Newly Renovated Pool, Hot Tub
and Clubhouse
• Located across the river from
Harrah's Laughlin
• Park has its own dock for small
boats
$1,590,000 | For Sale
$47,700 | Buy Side Fee
375 River Glen Dr. | Bullhead City, AZ
Mike Misera | 949.428.3077 | [email protected]
Dennis Moore, CCIM | 949.540.9068 | [email protected]
Carrick Sears CCIM | 480.425.5529 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Mobile Home Park
Offering Highlights:
• 70 Space Mobile Home Park
• Resort Location
• Lake views from the park
• Easy access to Orange County
and LA markets
• Value Add opportunity
• Easy access to marinas and ski
resorts
$2,650,000 | For Sale
$53,000 | Buy Side Fee
39609 Big Bear Blvd | Big Bear Lake, CA
Michael Misera, BRE #01973763 | 949.423.6990 x 3077 | [email protected]
Dennis Moore, CCIM, BRE #01324540 | 949.540.9068 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Multifamily
Offering Highlights:
• Excellent location
• High end finishes, ample parking, excellent
curb appeal
• Open floor plan allows many user options
• Quick access to I-270
• Vibrant professional area
$1,900,000 | For Sale
$57,000 | Buy Side Fee
8612 Owenfield Drive | Powell, OH
Doug Wilson | 614.206.3881 | [email protected]
John Williams | 415.897.4422 | [email protected]
Kristen Asman | 614.370.9077 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Retail
Offering Highlights:
• Highly Desirable Unit Mix
• New Roofs, Vinyl Exteriors
• Leasing Office and Laundry
• Great Visibility
• Lake Resort Style area of
Guntersville, Alabama $2,400,000| For Sale
$48,000 | Buy Side Fee
Mountain View Apartments | Guntersville, AL
Andrew Agee | 256.653.0065 | [email protected]
Meagan Boyd | 256.726.9095 | [email protected]
Michael D. Dake | 256.520.8800 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Multifamily
Offering Highlights:
• 20,200 SF Industrial Building For Sale• -6,200 SF Office | 14,000 SF Warehouse• Taxes are $102,330.71• Highly Desirable Business Park• Many Surrounding Buildings Converting to
Office• Built in 1965• New Roof - June 2014 - Torch Down Silver
Coated Layer - 12 Year Warranty• Office and Warehouse Fully Air Conditioned• Fenced Yard • Oil Heat - Fiberglass Tank (Gas In Street)• Fully Sprinklered• Heavy Power• 1 Dock & 1 Drive-In
$3,100,000 | For Sale
$62,000 | Buy Side Fee
205 Express Street | Plainview, NY
Aric Schachner | 631.389.5500 | [email protected]
Lorraine O'Hara| 631.389.0264 | [email protected]
Patricia Posillico | 631.389.5500 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Industrial
Offering Highlights:
• Two (2) blocks from State
Capital Complex
• Superior Public Transportation
• Stabilized Asset with Substantial
NOI Upside
• Below market rents
$3,628,000 | For Sale
$108,000 | Buy Side Fee
100 N. Cameron Street | Harrisburg, PA
Robert Levin| 212.866.5858 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Office
Offering Highlights:
• Asking 9% Cap Rate
• 77,280 sq ft
• 70% Leased
• Cash Flow Machine
• 2 blocks from State Capital
• Non- Profit Community Tenants
• Superior Transportation$3,642,000 | For Sale
$109,260 | Buy Side Fee
State Capital Office Building | Harrisburg, PA
Robert Levin | 212-866-5858 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Office
Offering Highlights:
• Single-story, multi-tenant office building located within
El Dorado Business Park, one of the premier office
parks in Southern Idaho
• Long-term tenants occupy over 50% of the building;
strong mix of regional and national companies
• Currently 22% vacant
• 6.16% cap rate on current income: pro-forma cap rate
of 8.41% by leasing existing vacancy
• Idaho had strongest employment growth in the nation
for the period March 2015 to March 2016$4,400,000 | For Sale
$88,000 | Buy Side Fee
1940 S. Bonito Way | Meridian, ID
Heidi Mickelson, SIOR, CCIM | 208.726.0854 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Office
Offering Highlights:
• Full Service Country Inn with award winning
Restaurant and Spa.
• Located in the Hocking Hills Region of Ohio.
• 26 total guest rooms: combination of guest
rooms, cottages and cabins
• 75 Total Acres of wooded hillsides
• Excellent Corporate Retreat Opportunity.
• Turnkey
• Conference Center can accommodate up to 50
people
• 2015 NOI; $442,907
• Cap Rate: 9%
• 2% to SVN Buyer Broker
$4,949,000 | For Sale
$148,470 | Buy Side Fee
21190 State Route 374 | Logan, OH
Tim Treasure, SIOR | 614.403.8162 | [email protected]
Mike Bockbrader | 614.505.9088 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
Hospitality
Offering Highlights:
• 100% Leased
• Bi-Lo Anchored
• Large Pylon Sign
• Four Curb Cuts
• Service Entrance
• 1 Loading Bay$5,212,000 | For Sale
$104,240 | Buy Side Fee
Retail
1333 - 1335 N Longstreet St | Kingstree, SC
William Westcott| 803.331.1034 | [email protected]
Thomas Hendricks | 864.637.9302 | [email protected]
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
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