Sperry Van Ness #CRE Monday National Sales Meeting 8-6-12

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Sperry Van Ness shares a portion of its new weekly listings via their Monday Morning sales call. Email info@svn.com if you would like to attend our weekly call which we open up to the brokerage community.

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Monday National Monday National Sales MeetingSales MeetingAugust 6, 2012August 6, 2012

SVN Q4’ National Commercial SVN Q4’ National Commercial Online AuctionOnline Auction

Deadline for Properties: August 24 Online Event: October 23-25.

Couple of items for you to consider as you talk to your current listing Couple of items for you to consider as you talk to your current listing

owners or prospects including banks:owners or prospects including banks:

1.1.This is NOT an event for distressed assets only - Numerous assets This is NOT an event for distressed assets only - Numerous assets

are being put into the event that "simply need sold by year end.“are being put into the event that "simply need sold by year end.“

2.2.The 2.5% Buyers Premium is 1/2 of what other Online events The 2.5% Buyers Premium is 1/2 of what other Online events

charge thus attracting more buyers which of course is good for charge thus attracting more buyers which of course is good for

sellers.sellers.

3.3.With First American Title, Auctionpoint, LoopNet, Kline Companies With First American Title, Auctionpoint, LoopNet, Kline Companies

and SVN as participants the national promotion will be far and wide.and SVN as participants the national promotion will be far and wide.

4.4.The event is structured for "closing by year end" and you keep The event is structured for "closing by year end" and you keep

your listing fee!your listing fee!

This event has major national sponsors and will receive tremendous This event has major national sponsors and will receive tremendous exposure in LoopNet and WSJ, etc for your listings and clients' exposure in LoopNet and WSJ, etc for your listings and clients'

properties.properties.

Contact Louis Fisher for information or assistance:fisherl@svn.com

954-931-0592

This Week’s Upcoming This Week’s Upcoming Calls and TrainingsCalls and Trainings

Friday, August 10th ClientLook Webinar

(8:30am PST / 11:30am EST)

Featured ClosingsFeatured Closings

U.S. Rt. 13 | Salisbury, MD

Just Leased!

$525,000Key Lease Terms:•Leased to Trade It!

•Growing Regional Retailer

•Landlord to install new façade

•“Perseverance” – Property

was listed and vacant for 3

years!!

Wesley Cox, CCIM410-543-2421wesley.cox@svn.comSalisbury, MD

Henry Hanna, SIOR, CCIM410-543-2440Henry.hanna@svn.comSalisbury, MD

5460 Florin Perkins Industrial Bldg. | Sacramento, CA

Just Closed!

$530,000Transaction Highlights:•In escrow within one month of

listing

•First-time buyers of commercial

property

•Bought by owner-user expanding

their business

Don Ellwanger916-456-8389ellwangd@svn.comSacramento, CA

Amanda Frazier916-456-8389amanda.frazier@svn.comSacramento, CA

4535 Renaissance Parkway | Warrensville Heights, OH

Just Closed!

$587,500Transaction Highlights:•11,000 SF on 1 acre

•Represented NSL Analytical

Services in the purchase

•Relocation and expansion of

Metalurgical Lab

•Total project: $1.7 million including

building, renovations, equipment;

used SBA loan and county funding

for small businessVictor S. Voinovich, Sr. 888-236-1435voinovichv@svn.comCleveland, OH

Village Office Condo | Palm Desert, CA

Just Closed!

$590,000Transaction Highlights:•Bank owned property

•CrissCross Solutions – Bank

relationship

•2 offers – optometry group

purchased

•99 days start to finish

Dennis Moore, CCIM

949-540-9068dennis.moore@svn.comIrvine, CA

Redwoods Crossroads | Novato, CA

Just Leased!

$607,540Key Lease Terms:•5 year deal

•7,365 Sq. Ft.

•Major wine industry consulting

tenant

•Represented landlord

•$100,000+ in tenant

improvements

John Williams415-897-4422john.williams@svn.comNovato, CA

1718 W. Summerdale | Chicago, IL

Just Closed!

$650,000Transaction Highlights:•Contract to close: 38 days

•75% LTV financing

•Closed at 5.6% cap rate

Jeffrey Baasch312-676-1873jeffrey.baasch@svn.comChicago, IL

Brian Kochendorfer312-676-1868brian.kochendorfer@svn.comChicago, IL

5324-26 N. Kimball Avenue | Chicago, IL

Just Closed!

$960,000Transaction Highlights:•Second time closing this property

for the same owner

•Cash purchase

•From contract to close in 120

days

Reid Bennett312-641-0159reid.bennett@svn.comChicago, IL

Stephanie Berger312-641-0159stephanie.berger@svn.comChicago, IL

Net Leased O’Reilly Auto | Alma, MI

Just Closed!

$979,591.50Transaction Highlights:•1785 Wright Avenue

•New 15 year NN lease

•Listed at 7% cap, sold at 7.2% cap

•Strong local buyer represented by

SVN advisor in Farmington Hills, MI

office

•Part of 2-property package; 2nd

property will be closing this week

Dan Elliot312-529-5792dan.elliot@svn.comChicago, IL

Sean Lutz312-529-5790sean.lutz@svn.comChicago, IL

Colin O’Malley312-676-1865colin.omalley@svn.comChicago, IL

Mark McGuire312-529-5794mark.mcguire@svn.comChicago, IL

Outer Mission | San Francisco, CA

Just Closed!

$1,650,000Transaction Highlights:•Number of Units: 12

•6.15% cap rate

•Fixer upper

•On the market since 2009

Kevin Chin, CCIM

415-922-2900 x101kevinc@svn.comSan Francisco, CA

Wen Tung415-922-2900 wen.tung@svn.comSan Francisco, CA

Mosaic Gardens of Huntington Beach | Huntington Park, CA

Just Closed!

$2,815,000Transaction Highlights:•Joint venture by City of Huntington

Park and non-profit developer

•Involved State of California tax

credit approval

•Involved the rezoning of the

property from motel to apartment

•Original 6 month escrow that was

extended 3 times to 15 months

Luis Vazquez310-704-9109vazquezl@svn.comLong Beach, CA

1499 Evans Avenue | San Francisco, CA

Just Closed!

$4,200,000Transaction Highlights:•Represented seller

•Buyer used SBA financing

•Needed to modify lease to

existing tenant to get over 50% of

the space for SBA qualification

Kevin Chin, CCIM

415-922-2900 x101kevinc@svn.comSan Francisco, CA

Arbour Court Apartments | Seattle, WA

Just Closed!

$7,400,000Transaction Highlights:•Off-market

•75 days from contract to close

•6.5% cap on in-place numbers

•3.65% acquisition loan

Karlin Conklin503-459-4340karlin.conklin@svn.comPortland, OR

Del Flora Apartments | Redlands, CA

Just Closed!

$13,150,000

Michael Miyagishima, CCIM

415-837-1200mikem@svn.comSan Francisco, CA

David Baird702-765-6005bairdd@svn.comLas Vegas, NV

Transaction Highlights:•Part of a portfolio

•Major factor in sale was yield

differential of market vs. existing

debt.

Orange Village Apartments | Redlands, CA

Just Closed!

$17,650,000Transaction Highlights:•Part of a portfolio

•Major factor in sale was yield

differential of market vs. existing

debt.

Michael Miyagishima, CCIM

415-837-1200mikem@svn.comSan Francisco, CA

David Baird702-765-6005bairdd@svn.comLas Vegas, NV

Recent Recent Property Management Property Management

AssignmentsAssignments

Erik Carlson408-392-8822erik.carlson@svn.comSan Jose, CA

Paul Getty408-392-8822paul.getty@svn.comSan Jose, CA

Total Inventory:Total Inventory:$5,401,915$5,401,915

Gross Fee Buy Side:Gross Fee Buy Side:$98,128$98,128

Towne Park Manor Condominiums | Louisville, KY

Absolute Auction | For Sale

2% | Buy Side Fee

Offering Highlights:•Lender Approved Absolute Auction:

August 17th, 2012

•18 newer, clean condo’s plus Pad

•Most with tenants

•2 bedroom/2 bath units

•Great location

•Excellent investment opportunityBill Menish, CAI, AARE, BAS

502-814-5174bill.menish@svn.comLouisville, KY

Don Erler, CAI, AARE

502-297-8797don.erler@svn.comLouisville, KY

Foundry Business Park | St. Charles, IL

$1,140,000 | For Sale

$34,200 | Buy Side Fee

Neil Johnson630-938-4950neil.johnson@svn.comGeneva, IL

Offering Highlights:•15,000 – 19,000 sq ft

•Overhead doors on all 4 sides

•Finish to suit

•Excellent access & parking

•List price reflects unfinished

condition

NNN Walgreens | Kendalville, IN

$4,261,915 | For Sale

$63,928 | Buy Side Fee

Offering Highlights:•Walgreens (NYSE: WAG) S&P

rated A

•Zero cash flow opportunity

•17% equity required/debt must

be assumed

•20+ years remaining on absolute

net lease

•Excellent 1031 niche

replacementMark Baringer260-489-8500mark.baringer@svn.comFort Wayne, IN

Troy Reimschisel260-489-8500troy.reimschisel@svn.comFort Wayne, IN

Thank you for joining us! Thank you for joining us!

For information about all of For information about all of

our listings please visitour listings please visit

www.svn.com