SVN Live 10.19.20 Weekly Property Broadcast

WEEKLY PROPERTY BROADCAST
October 19, 2020

www.svn.com
PAGE |
WELCOME NEW SVN ADVISORS
Advisor SVN Franchise & Location
Steve Manos
SVN | Insight Commercial Real Estate Advisors, Murietta,
California
Madeline Choi SVN | Vanguard, Santa Ana, California
Mary K. O'Malley SVN | Commercial Advisory Group, Sarasota, Florida
David Goodlett SVN | Saunders Ralston Dantzler, Lakeland, Florida
Drew Crawford SVN | Saunders Ralston Dantzler, Lakeland, Florida
Laura J. Wheeler SVN | Saunders Ralston Dantzler, Lakeland, Florida
Daniel C. Tobin SVN | Chicago Commercial, Chicago, Illinois
Devin Marquez
SVN | Walt Arnold Commercial Brokerage, Inc., Albuquerque,
New Mexico

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PAGE |
Kyle Kinney
SVN | Walt Arnold Commercial Brokerage, Inc., Albuquerque,
New Mexico
David Breda SVN | Rock Advisors Inc., Brokerage, Burlington, Ontario
Jesse Cortez
SVN | Three Rivers Commercial Advisors, Pittsburgh,
Pennsylvania
Debra Owensby SVN | BlackStream, Greenville, South Carolina
David Gogineni SVN | Riverstone Commercial Real Estate, College Station, Texas
Valdrin Makolli SVN | Riverstone Commercial Real Estate, College Station, Texas
Andrew Small SVN | Trinity Advisors, Forth Worth, Texas
Eric Gerardi SVN | Alta Commercial, Salt Lake City, Utah

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PAGE |
Harrison Houston SVN | Alta Commercial, Salt Lake City, Utah
Jason Drussel SVN | Alta Commercial, Salt Lake City, Utah
Vijai Pathak SVN | Hintze Commercial Real Estate, West Allis, Wisconsin

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ECONOMIC TALKING POINTS
SELF STORAGE
● According to REIS, vacancy rates in self-storage units ticked down by 70
bps in Q2 2020, settling at a national average of 14.2%.
● While seasonal factors partially explain the improvement, the prevalence of
colleges sending students home is just one of the many ways COVID-19 is
continuing to displace housing patterns and boost temporary demand for
storage space.
● Still, there are signs of continued softness. The sector was widely viewed as
oversupplied heading into the pandemic, and, measured year-over-year, rents
for 10x10 non-climate-controlled units are down by -5.4%.

Sale Price $
No. of Units
Price /Unit $
Transaction HighlightsProperty Details
50% OF THE COMMISSION | 100% OF THE TIME* | THE SVN DIFFERENCE
*For qualified transactions, 50% of the gross commission to the buy side.
All SVN® offices are independently owned and operated.
© 2020 SVN International Corp.
MULTIFAMILY | 7836 S SOUTH SHORE DRIVE | CHICAGO, IL
SVN | Chicago Commercial
JEFFREY BAASCH
jeffrey.baasch@svn.com
312.676.1873
FINLEY ASKIN
finley.askin@svn.com
312.414.0428
1,060,000
• Equitybuild Receivership
• Multiple offers
• Sold over asking price
36,552
29

Sale Price $
No. of Units
Price /Unit $
MULTIFAMILY | 7201 S CONSTANCE AVE | CHICAGO, IL
JEFFREY BAASCH
jeffrey.baasch@svn.com
312.676.1873
FINLEY ASKIN
finley.askin@svn.com
312.414.0428
1,100,000
• EquityBuild Portfolio
• Multiple offers
• Sold at asking price37
29,730

Sale Price $
Size
Price /Acre $
LAND | 9500 WAUCHULA RD | MYAKKA CITY, FL
SVN | Saunders Ralston
Dantzler
DUSTIN CALDERON
dustyc@svn.com
407.329.4079
1,272,000
• Hunting & recreational land
• Myakka river frontage
• Oak trees & hardwood mixture
• Good deer, turkey, hog and duck hunting
363.65 Acres
3,498

Sale Price $
Size
Price /Acre $
LAND | SW CORNER OF JACARANDA BLVD AND BORDER ROAD | VENICE, FL
Dantzler
STEVE TONER, MBA
steve.toner@svn.com
813.391.0302
4,326,400
• Lakefront land for residential development
• 46.25 ± acres uplands
• Contiguous to Venice with great dining & amenities
• Mid to upper-end neighborhood
• Near Sarasota, Venice, I-75, beaches and shopping, etc.
73.35 Acres
58,983

Sale Price $
Size
Price /Acre $
LAND | FRANKLIN COUNTY | ST. TERESA, FL
Dantzler
DEAN SAUNDERS ALC, CCIM
dean@svn.com
863.774.3522
43,000,000
• Conservation sale
• Situated among rolling hills along the scenic shore of the Gulf of Mexico
• US 98 fronts the acreage for a total of 9 miles
• Tallahassee is a short 45 minute drive away
• 17 miles of frontage on some of Florida’s most beautiful waterways
• Majority of the acreage is uplands – high and dry – with sandy soils
17,080 Acres
2,518

Sale Price $
Size
Price /SF $
Cap
1,282,425
9,026 SF
142
6.6%
SINGLE TENANT INVESTMENT | 8004 W OLD WABASH RD | ANDREWS, IN
• Repeat 1031 buyer
• 10th STNL transaction with buyer
• Developer direct - brand new construction
• 15-year absolute NNN lease
SVN | Stewart Commercial
Group, LLC
DAN STEWART, CCIM
dan.stewart@svn.com
734.585.0995

Sale Price $
Size
Price /SF $
Property HighlightsProperty Details
OTHER | 72 WOODLAND DR | COLUMBUS, OHIO
SVN | Wilson Commercial
Group, LLC
KRISTEN ASMAN
kristen.asman@svn.com
614.370.9077
DOUG WILSON
doug.wilson@svn.com
614.206.3881
• Multi-use location for redevelopment
• Rare infill site in Downtown Columbus, Ohio with 3 acres of land
• Our 2nd time selling this asset
• Buyer is a luxury condominium developer
• Sale includes historic mansion, land, and private school building
64
1,350,000
21,000 SF

Sale Price $
No. of Units
Price /Unit $
MULTIFAMILY | 513 S OCEAN BLVD | POMPANO BEACH, FL
SVN | Commercial Partners
STEVEN PAULSEN
steven.paulsen@svn.com
561.929.4098
JOHN ANDREWS
john.andrews@svn.com
561.613.1403
AUSTIN LITTLEPAGE
austin.littlepage@svn.com
410.972.3207
1,460,000
• 182,500 per door
• Mix of short term rental and multifamily tenancy
• A+ beachside location
• Cash buyer
• Multiple cash offers
• High demand sub market for growth
• 22 business days contract to close
8
182,500

Sale Price $
Size
Price /Acre $
SVN | Alta Commercial
CHET BARBER
chet.barber@svn.com
801.783.2064
TIA SHIM, ESQ.
tia.shim@svn.com
801.508.2881
SVN | Auction Services
LOUIS FISHER, CAI
fisherl@svn.com
954.931.0592
DAVID GILMORE, CCIM,
CAI, AARE
gilmored@svn.com
504.228.6606
7,300,000
62 Acres
• Bidding started at $3,800,000; sold for $7,300,000
• Government-owned real estate auction Utah Dept. of Transportation
• Online auction ended August 6th
• Closed in 65 days
LAND | 9679-9551 WEST 7750 NORTH | SARATOGA SPRINGS, UT
117,742

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FEATURED INVENTORY: $60,287,260
BUY-SIDE COMMISSION: $1,487,417
FEATURED INVENTORY FINANCIAL SUMMARY

Lease Rate $
Lease Terms
Tenant Rep Fee
Size
RETAIL | 420 S MILL AVE | TEMPE, AZ
SVN | Desert Commercial
Advisors
KEVIN WELLER
kevin.weller@svn.com
480.425.5513
MARY NOLLENBERGER
mary.nollenberger@svn.com
480.425.5520
NICOLE RIDBERG
nicole.ridberg@svn.com
480.425.5514
• Main entertainment district for Arizona State University & Downtown Tempe
• Fully equipped brewery and bar
• Expansive second floor patio space with views of Mill Avenue and "A"
Mountain
• Grand entrance from ground floor doors, along with elevator access
• Main and Main location with incredible signage
2.25%
9,265 SF
10 Years
33/SF

Opening Bid $
Auction Date
Buy Side Fee
Property Size
OFFICE | 460 BRIARWOOD DRIVE | JACKSON, MS
SVN | Southgate Realty,
LLC
GREG BRETT
gbrett@svn.com
601.297.1780
JOSHUA BLACKLEDGE, CCIM
jblackledge@svn.com
601.323.0157
CHAMBERLAN CAROTHERS,
CCIM, CPM
ccarothers@svn.com
601.329.6692
• Gross Building Size: 101,774 SF
• Net Rentable: 93,634 SF
• Lot Size: 4.48 acres
• NOI: $31,429
• Year Built: 1982
• Renovated: 2006
• Zoning: C-2
• Market: Jackson
• Traffic Count: 8,800
• APN: 723-33
Nov. 10th - 12th
101,774 SF
100,000
1%

Price $
Buy Side Fee $
Size
Price /SF $
INDUSTRIAL | 209 HOBBS STREET | CONWAY, NH
1,150,000
45,434 SF
• Large industrial complex with office space
• Brand new roofs with 20 year guarantee
• Municipal sewer and water/ fully sprinkled
• Gated yard
• 3 phase power
• Can be subdivided down to 6,000 SF
SVN | The Masiello Group
CASSANDRA FARLEY
cassandra.farley@svn.com
603.703.5617
MATTHEW BACON
matt.bacon@svn.com
603.200.4023
CHRIS PASCUCCI
chris.pascucci@svn.com
603.494.8960
25
34,500

Price $
Buy Side Fee $
Size
Price/SF $
Cap Rate
MULTIFAMILY | 133 NORTH WEST STREET | NORWALK, OH
Group, LLC
KRISTEN ASMAN
614.370.9077
DOUG WILSON
doug.wilson@svn.com
614.206.3881
• Turn key apartment complex
• Attractive brick and siding curb appeal
• Prime location walking distance to town center
• Only 10 miles to Lake Erie
• Lake Erie Wine Country was listed as a top 10 Foodie Destination by Trip Savvy Trip
Advisor
• Park-like setting
• 100% occupied with little turnover
• 22 garden apartments
7.27%
1,190,000
238
35,700
4,992 SF

Price $
Buy Side Fee $
Size
Price/SF $
Cap Rate
MULTIFAMILY | 611 WESSOR AVE | WILLARD, OH
Group, LLC
KRISTEN ASMAN
614.370.9077
DOUG WILSON
doug.wilson@svn.com
614.206.3881
• Turn key apartment complex
• Updated brick and vinyl exterior
• Prime location close to major employers including Pepperidge Farm Goldfish
Crackers
• Willard, Ohio is the Goldfish cracker capital of the world
• Only 25 miles to Lake Erie
• Attractive curb appeal and landscaping
• 24 townhouse apartments8.46%
1,490,000
166
44,700
8,960 SF

Price $
Buy Side Fee $
Size
Price/Acre
SFR & MULTIFAMILY | 1501 WESTSIDE DR | GAINESVILLE, GA
1,275,000
1.76 Acres
44,625
• Water, gas, and electricity on site
• High traffic count
• Income producing
• Road frontage
• Corner lot
SVN | Creviston Realty,
Inc.
JEFF HAMMOND, MPA
jhammond@svn.com
210.889.6819
724,432

Price $
Buy Side Fee $
Size
Price /SF $
INDUSTRIAL | 8527 W GRAND AVE | RIVER GROVE, IL
PAUL CAWTHON
paul.cawthon@svn.com
312.676.1878
ANGELO LABRIOLA
angelo.labriola@svn.com
312.676.1870
1,950,000 • Excellent street visibility | monument signage
• Centrally located in Chicagoland Area
• High-end finishes & build-out
• Private, gated & garage parking on-site
• Perfect owner/user with multiple functions
• Retail
• Office
48,750
15,000 SF
130

Price $
Buy Side Fee $
Size
Price/SF $
Cap Rate
RETAIL | 601 S EUCLID ST | FULLERTON, CA
SVN | Vanguard
CAMERON IRONS
CalDRE #01176224
cirons@svn.com
949.558.0301
CLERVIL HERAUX
CalDRE #01473077
clervil@svn.com
949.558.0309
SOPHIA MEHR
CalDRE #02024106
sophia.mehr@svn.com
949.303.7865
• High traffic with great demographics
• Busy residential area
• Tenants include a popular craft cocktail bar and well known martial arts studio
• Up to 4,000 sf endcap available for owner user (seller occupied)
5.45%
2,988,800
236
74,720
12,690 SF

Price $
Buy Side Fee $
Size
Price/SF $
Cap Rate
RETAIL | 400 E CHASE STREET | PENSACOLA, FL
SVN | SouthLand
Commercial
MICHAEL CARRO, CCIM
mcarro@svn.com
850.380.3344
• 100% leased with 3 tenants
• Completely renovated (interior/exterior) in 2016
• New roof in 2018
• New HVAC, electrical and plumbing upgrades in 2016
• Lease expirations in 10 years, 8 years and 6 years
7.25%
3,254,000
347
65,080
9,391 SF

Price $
Buy Side Fee $
Size
Price /SF $
INDUSTRIAL | 2074 LEESBURG GROVE CITY ROAD | MERCER, PA
SVN | First Place
Commercial Realty, LLC
VICTOR VOINOVICH
voinovichv@svn.com
888.236.1435
SVN | Three Rivers
Commercial Advisors
JASON CAMPAGNA
jason.campagna@svn.com
412.535.5756 4,100,000 • 7 year-old, new strategically located, high end, Corporate HQ located between N.Y.
and Chicago
• Within reach of 1/2 the U.S. and Canadian populations in a 1-day drive
• Proximity to Interstates 79, 80, & 376, providing excellent access in all directions
• Adjacent to public airport
• Over 40,000 sq.ft. of 26' ceiling distribution/manufacturing space
• 11.7 acres provides for expansion to double the size of the distribution space
• Seller willing to lease back approximately 18,000 sq. ft.
123,000
53,300 SF
77

Price $
Buy Side Fee $
Size
Price/Acre
LAND | 770 NW 71ST STREET | MIAMI, FL
SVN | Commercial Realty
JOEL KATTAN, SIOR
joel@svncr.com
954.448.8531
ANTHONY PERAGINE
anthony@svncr.com
305.509.0412
2,300,000 • Miami vacant land for sale
• Total of +/- 1.67 acres
• Located at the corner of NW 71st ST & NW 8th Ave
• City of Miami D-1 zoning allows for a variety of commercial and industrial uses
• Located less than 1/2 miles west of I-95 in Miami
69,000
1.67 Acres
1,377,246

Price $
Buy Side Fee $
Size
Price /SF $
INDUSTRIAL | 777 NW 71ST STREET | MIAMI, FL
JOEL KATTAN, SIOR
joel@svncr.com
954.448.8531
ANTHONY PERAGINE
anthony@svncr.com
305.509.0412
5,750,000 • +/- 50,404 SF freestanding warehouse
• Situated on a 1.82 AC lot
• Four (4) dock positions plus ramp
• Room for two (2) more docks
• Ideally suited for most manufacturing & distribution uses
• Private, gated loading yard that can easily load 53' trailers with room for
storage of additional trailers
143,750
50,404 SF
114

Price $
Buy Side Fee $
Size
Price /SF $
INDUSTRIAL | 1090 NW 23RD STREET | MIAMI, FL
JOEL KATTAN, SIOR
joel@svncr.com
954.448.8531
ANTHONY PERAGINE
anthony@svncr.com
305.509.0412
11,000,000 • +/- 45,711 SF freestanding warehouse in Allapattah
• Located next to the Rubell Museum and a short distance from the Miami
Produce Center project
• Situated on a +/- 1.49 AC Lot
• Zoning is D-1
• Five (5) docks on the west side of building
• Four (4) docks on the south side with loading platform
220,000
45,711 SF
241

Price $
Buy Side Fee $
No. of Units
Price /Unit $
Cap
SFR PORTFOLIO | 100149 . 54 TOWNHOME BFR | TAMPA, FL
10,799,460
54
199,990
• Go to www.SFRhub.com to custom search for portfolio 100149 and view
additional information!
• Seller is a new venture of very experienced local builders and developers
• Short distance from Downtown Tampa, Florida
• Tampa is predicted to have some of the highest YOY rent growth in 2020 of
about 3%*
• Stabilized Year 1 gross yield of 10.14%
• Stabilized Year 1 cap rate of 6.33%
SVN | SFRhub Advisors
JEFF CLINE
jeffrey.cline@svn.com
602.441.5354
MICHAEL FINCH
michael.finch@svn.com
480.797.9825
SVN | Florida Commercial
Real Estate Advisors
JERRY ANDERSON, CCIM
jerry.anderson@svn.com
386.547.4968
6.33%
161,992

Price $
Buy Side Fee $
Size
Price/SF $
Cap Rate
RETAIL | 8675 CONCORD MILLS BLVD | CONCORD, NC
SVN | BlackStream
DANIEL HOLLOWAY
daniel.holloway@svn.com
864.593.6644
DUSTIN TENNEY
dustin.tenney@svn.com
864.757.4761
FRANK SPROVIERO, CPM
frank.sproviero@svn.com
704.806.2130 • Corporate backed lease with approximately 7.5 years remaining and 15 years
of options
• NOI of ±$800,000 with .50 cent rent bumps every 5 years
• High demographic area surrounded by dozens of national retailers
• Approximately 16 miles outside of Charlotte, NC on the I-85 corridor
• Academy Sports is publicly traded as of October 2 ("ASO" on the Nasdaq)
• Academy Sports is considered an "essential retailer" throughout COVID-19
7%
11,440,000
157
171,600
72,857 SF

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PAGE |
October 19th-25th, 2020
EVENTS & WEBINARS
NO EVENTS NEXT WEEK

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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.
DISCLAIMER
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only
and do not represent the current or future performance of the property. You and your advisors should conduct a careful,
independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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SVN Live 10.19.20 Weekly Property Broadcast