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The Sperry Van Ness® organization shares a portion of their new weekly listings via their national sales call. Visit www.svn.com/mondaycall if you would like to attend our weekly call which we open up to the brokerage community.
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National National Sales MeetingSales MeetingJuly 29, 2013July 29, 2013
The Good News:
• 51,000+ visitors to the site in 8 weeks leading up to sale
• Almost 4,956 bidder registrations
• Numerous properties sold, many still in due diligence stage and should close
Quick update from the June AP2013 auction event
The Disappointing News:
• We had fewer competing in the actual bidding action than anticipated
• Nonetheless, sales never over until they are over and many still underway
• Overall results are strong – next page
Keystar
CRE
ReMax
Colliers13 of 16 of this sample page are SVN advisors!
• A “ridiculously low starting bid” will be required to generate bidder action
• Sellers still able to set a reserve – but it must be realistic
• Purchase agreement is now “flexible” and enables buyers due diligence time
• Versus previous event where bidding was “strictly non-contingent”
• A property set up fee of $395 will be charged
• Fee waived if asset was in AP2013
• A refundable deposit of $1,200 will be charged to the seller
• Auctionpoint alliance in place for Auctionpoint alliance in place for online only online only auctions, but for sellers that need a auctions, but for sellers that need a
date certain sale in a more traditional auction format our SVN Auction Services team date certain sale in a more traditional auction format our SVN Auction Services team
is ready, willing and able! – Contact is ready, willing and able! – Contact [email protected] for auctioneer list as for auctioneer list as
team has grown!team has grown!
A number of changes being made to the Q4 event based on what Auctionpoint learned from June eventSee www.Auctionpoint.com
This Week’s Upcoming EventsThis Week’s Upcoming Events
Tuesday, July 30th Preferred Vendor Webinar: Capdominus
(8:30am PT / 11:30am ET)
490 Post Street, Units 336 & 356 | San Francisco, CA
Just Closed!
$620,000Transaction Highlights:•Medical office owner-user buyer•90% LTV SBA financing used by buyer•Union Square, San Francisco location•$575 PSF for a unit on a lower level facing a parking lot
Catherine House, CCIM
[email protected] Francisco, CA
315 Hwy 314 | Fayetteville, GA
Just Closed!
$1,300,000Transaction Highlights:•Seller said: “Del & SVN are the hardest working brokers I have ever had the pleasure to work with.”•Invaluable during the closing period•They brought us several offers from a deep pool of buyers•Kept up with escrow so there were no delays
Del Creviston, CCIM
635 S. Shields | Fort Collins, CO
Just Closed!
$1,775,000Transaction Highlights:•Only undeveloped lot within five blocks of the university campus•5 out of state apartment developers submitted LOI's•Purchaser was Colorado State University itself•CSU expected to grow from 27,000 to 35,000 students over next 5 years
Steve [email protected] Collins, CO
Starbucks Verizon | Edmond, OK
Just Closed!
$2,112,500Transaction Highlights:•A 3,898 SF NNN Retail•Sales Price @ $542 per sq. ft. •5 & 10 Yr. IRR @ 16%•Going in Cap Rate @ 7.98%•Going In Cash-on-Cash 11.22%•Seller Private Hawaiian Trust•Buyer local who buys his coffee here each day who sold out his oil company to Devon Energy in 2008 via SVN Auction Inquiry
Bruce [email protected], TX
Louis B. Fisher, III, CAI
[email protected]. Augustine, FL
1114 W. NC Highway 54 | Durham, NC
Just Closed!
$2,797,054Transaction Highlights:•Sold at list price•Multiple offers•6.67% Cap Rate•10 years left on lease
Tim House505-998-1031 [email protected], NM
Thomas McMahon, CCIM
22731 Aspan St. & 22722 Centre St. | Lake Forest, CA
Just Closed!
$2,850,000Transaction Highlights:•Difficult lender•Even more difficult seller•1/2 vacant property•Persistent SVN broker!
Barbara [email protected] Diego, CA
Bankruptcy Auction | Loveland, CO
Just Closed!
$3,600,000Transaction Highlights:•Price Reflected 100% Bank's Appraisal•Operating RV Resort•Four (4) qualified bidders posting $200,000 bid deposit•Interest from prospects in 24 States
David E. Gilmore, CCIM, CAI, AARE
Louis B. Fisher, III, CAI
[email protected]. Augustine, FL
Total Inventory:Total Inventory:$41,045,237$41,045,237
Gross Fee Buy Side:Gross Fee Buy Side:$1,044,112$1,044,112
Mission Inn Avenue Building | Riverside, CA
$875,000 | For Sale
$26,250 | Buy Side Fee
Offering Highlights:•10,620 SF Building; Secured Parking & Yard; Additional Fenced Area•3,000 +/- SF Open Office/Showroom; Hardwood Floors; Exposed Ceiling•7,000+/- SF Warehouse Area; 3 Dock Doors; Ramp; Heavy Power; 14'CH•Located within Riverside City 7th Street East Historic District•Website: http://bit.ly/170uh29
Dennis Moore, CCIM
7053 W. Addison Street | Chicago, IL
$1,250,000 | For Sale
$37,500 | Buy Side Fee
Offering Highlights:•Motivated seller•Potential for a residential development with retail space•Property has not been marketed for over 50 years•Website: http://bit.ly/1aLE8wH
Marcus [email protected], IL
Tim [email protected], IL
Tudor Gardens Apartments | Maumee, OH
$1,695,000 | For Sale
$50,850 | Buy Side Fee
Offering Highlights:•38 Units•First time offered for sale•Very high historical occupancy, currently 100%•All separate utilities paid by the tenants•Each unit is an individual parcel offering an investor the option to sell individual units•Website: http://bit.ly/11eEBog
Doug Wright, CCIM
419-873-1236 [email protected], OH
John Aubry, CCIM
Lancaster Retail Development Land | Salem, OR
$1,699,000 | For Sale
$50,970 | Buy Side Fee
Offering Highlights:•4.31 Acres•Redevelopment Opportunity•Collect income while redeveloping•Motivated Seller•Website: http://bit.ly/12qrN0Y
Jennifer [email protected], OR
Woodland Hills Multi-Purpose Facility | Hellertown, PA
$895,000 | For Sale
$26,850 | Buy Side Fee
Offering Highlights:•Facility located on 11.1 Scenic Acres in Saucon Valley•Catering Facility, Retreat, Other Group Uses•Open Floor Accommodates 250+ Guests•(2) Floors with Kitchens on Each Fl.•Private Location with Great Views•Website: http://bit.ly/148DCdm
Tom Skeans, CCIM
Debby Skeans, CCIM, MAI
Chris Baj, CCIM, CPA
Woodland Hills Acreage | Hellertown, PA
$1,904,500 | For Sale
$57,135 | Buy Side Fee
Offering Highlights:•Former Woodland Hills Golf Course•146.5 Acres in Prestigious Saucon Valley and in Saucon Valley School District•Surrounded by Upscale Homes•Very Close to the NJ Border•Extensive Engineering Available•Website: http://bit.ly/14gOONV
Tom Skeans, CCIM
Debby Skeans, CCIM, MAI
Chris Baj, CCIM, CPA
Manzanilla Apartments | Fresno, CA
$2,100,000 | For Sale
$63,000 | Buy Side Fee
Offering Highlights:•33 Units•7.27% cap rate•Easy Access to Highway 180 and 168•All Units Have Tile Floors•Very Strong Rental Market•Excellent Unit Mix•Website: http://bit.ly/170spGs
Michael [email protected], CA
John [email protected], CA
Camp’n Aire RV Park & Campground | Lake Wales, FL
$2,199,999 | For Sale
$54,999 | Buy Side Fee
Offering Highlights:•9.03% Current Cap Rate; 8.78% ProForma Cap Rate; 12.2% Current Cash on Cash Return; 10.63% ProForma Cash on Cash Return•Attractive Owner Financing Available!!•Great amenities include heated pool, 2 laundries, clubhouse, shuffleboard•Clubhouse includes 2 bedroom upstairs apartment•Upside with converting existing storage area to more RV sites•Website: http://bit.ly/143WD0k
Kevan Enger407-434-0363 [email protected] Park, FL
Enon Winkler, CCIM
[email protected] Park, FL
21180 Rand Road | Deer Park, IL
$2,300,000 | For Sale
$69,000 | Buy Side Fee
Offering Highlights:•7.4 Acres•Excellent Development Site •Good Transition Site adjacent to Commercial and Residential Properties•Close to High and Medium Income Residential Housing•Located 1 Mile west of Deer Park Mall•Website: http://bit.ly/13gwdSP
Al [email protected], IL
Olivia [email protected], IL
SEC 159th & 88th Avenue | Orland Park, IL
$2,399,000 | For Sale
$59,975 | Buy Side Fee
Offering Highlights:•Signalized Hard Corner with 650 Ft of Frontage on 159th St•Dozens of national retailers & auto dealerships within seconds of the site•Curb Cuts, Sewers, Parking Lots in Place. Ready to go Vertical•High Income, Densely Populated Area•Heavy Daily Traffic Counts of 34,000 VPD•Joint Ventures Considered•Website: http://bit.ly/138B640
Angelo [email protected], IL
Paul [email protected], IL
Wayne [email protected], IL
Estrella Vista Reception Center | Avondale, AZ
$3,200,000 | For Sale
$96,000 | Buy Side Fee
Offering Highlights:•10,000 SF•Business, Property, Liquor License, & FF&E's •Operating Reception Center•Opportunity For Many Other Uses•Developed in 2005, Excellent Condition•Full Banquet Restaurant, Bar & Outdoor Venue•Beautifully Landscaped For Outdoor Events•Website: http://bit.ly/170vdDB
Judy [email protected], AZ
Shari [email protected], AZ
Walmart Retail Store | Malden, MO
$3,205,738 | For Sale
$80,143 | Buy Side Fee
Offering Highlights:•43,770 SF
•6.50% cap rate
•5 Years with 3 5-Year Options
•Assumable, Non-Recourse, Non-
Callable Loan
•Percentage Rent with Increased
Sales Year-over-year Past 11
Years Straight
•Store Occupied Since 1982
•Website: http://bit.ly/17GjlssLouis [email protected], CA
Mark Zvibleman, J.D., CCIM
[email protected]. Louis, MO
Representative Photo
Bridle Hill Subdivision | Severance, CO
$5,000,000 | For Sale
$125,000 | Buy Side Fee
Offering Highlights:•280 Acres•A planned community formed around the concept of rural recreation, country living, and future commerce•Through excellent planning, Bridle Hill adheres to Weld County's new rural land use code which allows this unique mix of living styles and use of 74 acres of protected open space•Website: http://bit.ly/14JiHwg
Michael [email protected] Collins, CO
Rite Aid and Jiffy Lube Portfolio 1) Rite Aid - Englewood, OH 2) Jiffy Lube - Hampton VA 3) Jiffy Lube - Monroeville, PA 4) Jiffy Lube - Pittsburgh, PA
$5,222,000 | For Sale
$104,440 | Buy Side Fee
Offering Highlights:•Portfolio sale only – no breakup•3 Jiffy Lubes and 1 Rite Aid•15 years remaining on 2 Jiffy Lubes•8 years remaining on VA Jiffy Lube•7 years remaining on Rite Aid•Options and rent bumps in place•Rite Aid corporate guarantee•Jiffy Lube largest operator 186 stores •8.06% cap rate•Website: http://bit.ly/15lpaeH
Jerry Anderson, CCIM
[email protected] Beach, FL Email preferred please. Not very accessible by phone this week.
OH advisor- Stasiu GeleszinskiPA advisor-Tom Skeans, CCIMVA advisor-Tim Dudley, CAI, AARE
Blazer Parkway Office Building | Lexington, KY
$7,100,000 | For Sale
$142,000 | Buy Side Fee
Offering Highlights:•67,466 SF•Value add Medical Office Building•Current Net Operating Income with vacancy approximately $600,000 due to newly signed lease•Ideal for user, investor, or exchanger•Excellent management in place if desired•Park like setting with lots of parking•Website: http://bit.ly/18DC2lj
Steve Pulliam, CCIM
859-264-0888 [email protected], KY
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