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Sperry Van Ness #CRE National Sales Meeting 10-15-13

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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 Meeting Sales Meeting October 15, 2013 October 15, 2013
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Page 1: Sperry Van Ness #CRE National Sales Meeting 10-15-13

National National Sales MeetingSales Meeting

October 15, 2013October 15, 2013

Page 2: Sperry Van Ness #CRE National Sales Meeting 10-15-13

IntroducingIntroducing

Sperry Van Ness®/DealPoint Merrill EquitiesSperry Van Ness®/DealPoint Merrill EquitiesAs a strategic alliance partner, Sperry Van Ness/DealPoint Merrill Equities proudly supports Sperry Van Ness Advisors’ and their clients with value added co-investment real estate opportunities. Designed for discriminating 1031 exchange investors and income/growth oriented clients, our co-investment platform seeks to quickly add investment value through both cosmetic and construction upgrades and new tenancy. With our first priority being capital preservation, we seek to acquire assets at discounted prices; thereby creating an immediate margin of safety for investors. Sperry Van Ness/DealPoint Merrill Equities focuses on assets that will deliver robust cash on cash returns as well as sell or refinance on stabilized operating performance. On a risk-adjusted basis, we prefer apartments, multi-tenant retail, self-storage and medical properties. With over 25 years of commercial real estate experience in underwriting, financing, and development background, Michael directs all of DealPoint Merrill Equities transactions.

Michael S. GustafsonPresident

Sperry Van Ness/DealPoint Merrill Equities

Tel:(310) 671-3900 | Cell:(949) [email protected]

Page 3: Sperry Van Ness #CRE National Sales Meeting 10-15-13

SVN® Exhibiting at the SVN® Exhibiting at the RealShare Healthcare ConferenceRealShare Healthcare Conference

Date: December 10 & 11, 2013Time: 12:30pm – 4:30pmCity/State: Phoenix, AZVenue: The Phoenician Resort

SVN’s Medical Office Product Council and Sperry Van Ness, LLC (Phoenix, AZ) invite you to join them at the upcoming RealShare Healthcare Conference. Be sure to register by the end of the month before the rate goes up!

If you wish to attend or have additional questions, please contact: ..

Mark Alexander, CCIM

[email protected]

Catherine House, CCIM

[email protected]

Laura Salome, CCIM

[email protected]

Neil Sherman480-425-5504

[email protected]

Adonay Solleiro503-459-4354

[email protected]

Page 4: Sperry Van Ness #CRE National Sales Meeting 10-15-13

Broker Boot CampBroker Boot Camp

Boot Camp is designed to give new to Sperry Van Ness Advisors the information they need to utilize the SVN systems, tools and resources. The 3-day event will be held in Irvine, CA. Breakfast and lunch will be provided each day. There will be an SVNIC hosted cocktail mixer on Wednesday evening.

**Advisors are responsible for their flight and hotel arrangements.

Dates: November 13, 14, 15Dates: November 13, 14, 15Location: Irvine, CALocation: Irvine, CA

SIGN UP TODAY!SIGN UP TODAY!Please contact [email protected] to reserve your space. Spots are limited.

Page 5: Sperry Van Ness #CRE National Sales Meeting 10-15-13

This Week’s Upcoming EventsThis Week’s Upcoming EventsWednesday, October 16th

Best Practice Call(8:30am PT / 11:30am ET)

Thursday, October 17th National Retail Call(10am PT / 1pm ET)

Page 6: Sperry Van Ness #CRE National Sales Meeting 10-15-13

109 S. Third Street | Geneva, IL

Just Closed!

$640,000

Neil [email protected], IL

Transaction Highlights:•9,007 SF ($71.06/SF)

•Vacant Infill Parcel

•Last Development Site on Third Street

•In Heart of Geneva's Shopping District

•SVN Originally Listed in 2010

Page 7: Sperry Van Ness #CRE National Sales Meeting 10-15-13

Driscolls Towing Yard | Pompano Beach, FL

Just Closed!

$650,000

J. Chris Malkin941-366-1136 [email protected], FL

Transaction Highlights:•Bank owned

•Collaborative Listing for PNC

•Sarasota Office Listed for bank and

Co-Brokered With Keith Kidwell

•All Cash

Ashley [email protected], FL

Keith Kidwell, CCIM, SIOR

[email protected]. Lauderdale, FL

Page 8: Sperry Van Ness #CRE National Sales Meeting 10-15-13

Transaction Highlights:•Long term relationship with tenant•10 year lease term•Persistence was key to getting deal closed with multiple parties 

Nancy [email protected], VA

9 Catoctin Circle | Leesburg, VA

Just Leased!

$698,186

Rich [email protected], VA

Page 9: Sperry Van Ness #CRE National Sales Meeting 10-15-13

6979 Kingspointe Pkwy, Bldgs1-6 | Orlando, FL

Just Closed!

$778,000Transaction Highlights:•Sold in 2 weeks•Cash closing•Full 6% commission

Mike [email protected], FL

Page 10: Sperry Van Ness #CRE National Sales Meeting 10-15-13

801 S. Shields Street | Fort Collins, CO

Just Closed!

$900,000

Jerry [email protected] Collins, CO

Transaction Highlights:•Previously occupied by a Non-Profit

for a group home

•Local Investor

•12,537 SF

•Vacant for just about a year

•Located across the street from CSU

Page 11: Sperry Van Ness #CRE National Sales Meeting 10-15-13

2845 N. Clark | Chicago, IL

Just Closed!

$910,000

Wayne [email protected], IL

Transaction Highlights:•+/- 2100 SF Duplex apt + 2500 SF bar/restaurant •First time on market in over 40 years•Building and business included in sale•Prime East Lakeview location

Page 12: Sperry Van Ness #CRE National Sales Meeting 10-15-13

490 Post Street, Unit 710 | San Francisco, CA

Just Closed!

$952,000

Catherine House, CCIM, FRICS

[email protected] Francisco, CA

Transaction Highlights:•Dentist has purchased this medical

condo to build out a new 5 Op. office

•SBA 7A loan funded in Oct despite the

Govt. shutdown

•Represented both Buyer and Seller

Page 13: Sperry Van Ness #CRE National Sales Meeting 10-15-13

11451 Ellison Wilson Road | North Palm Beach, FL

Just Closed!

$1,190,000Transaction Highlights:•Part of a major assemblage for

waterfront mixed use development

Robert [email protected], FL

Page 14: Sperry Van Ness #CRE National Sales Meeting 10-15-13

1251 S. Virginia | Reno, NV

Just Closed!

$1,250,000Transaction Highlights:•17,600 SF•$71 per SF•12.5% CAP Rate•Local Buyer Investor•Seller Financing•Located in Midtown Reno

Jack Brower, CCIM

775-883-3936 [email protected] City, NV

Bruce Robertson, CCIM

775-883-3936 [email protected] City, NV

Joel Fountain775-883-3936 [email protected] City, NV

Page 15: Sperry Van Ness #CRE National Sales Meeting 10-15-13

Simmerhorn Rd. & Boessow Rd. | Galt, CA

Just Closed!

$1,500,000

Catherine House, CCIM

[email protected] Francisco, CA

Transaction Highlights:•Multiple offers

•Title co. refused to honor their PreLim.

commitment the day before close with

$25,000 passed through

•We represented both the Seller (bank

REO) and buyer (developer)

Walter [email protected], CA

Page 16: Sperry Van Ness #CRE National Sales Meeting 10-15-13

Tropic Isla RV Resort | Bokeelia, FL

Just Closed!

$2,600,000

Kevan [email protected] Park, FL

Transaction Highlights:•Closed at 8.38% Cap Rate•$17,328 per lot•55+ Park•Out of state Buyer•Closed at Original Contract PriceEnon Winkler, CCIM

[email protected] Park, FL

Jad [email protected] Park, FL

Nicholas Ledvora, CCIM

[email protected] Park, FL

Page 17: Sperry Van Ness #CRE National Sales Meeting 10-15-13

229 N. Highway 16 | Charlotte, NC

Just Closed!

$12,850,000

Jim [email protected], NC

Transaction Highlights:•Multiple LOIs

•$89,236 per unit

•5.96% Cap rate on T12

•Buyer assumed 40yr HUD mtge.

•Buyer planning $1M renovation

Page 18: Sperry Van Ness #CRE National Sales Meeting 10-15-13

Merced County Pistachio Ranch | Le Grand, CA

Just Closed!

$18,455,000

Don [email protected], CA

Transaction Highlights:•741 acres of producing pistachio orchards on 4 parcels•160 acres of open ground•45 day escrow •Don originally sold property to seller in 1996•Purchased by an international buyer

Page 19: Sperry Van Ness #CRE National Sales Meeting 10-15-13

Total Inventory:Total Inventory:$60,212,840$60,212,840

Gross Fee Buy Side:Gross Fee Buy Side:$1,557,945.20$1,557,945.20

Page 20: Sperry Van Ness #CRE National Sales Meeting 10-15-13
Page 21: Sperry Van Ness #CRE National Sales Meeting 10-15-13
Page 22: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$50,000 | Minimum Bid

3% | Buy Side Fee

Tim Dudley, CAI, AARE

[email protected], VA

1621 N. 28th Street | Richmond, VA

Offering Highlights:•Auction: Thursday, Oct. 24th at 1pm

•2,400± SF block free span building

•460± SF office addition

•0.52± AC total land area

•2 parcels: 0.34± AC lot w/ 8’ chain

link security fence & 0.18± AC lot

improved with buildings.

•40’ x 60’ dual bay service building

w/half bath

•12’ x 12’ rollup doors

•(2) 11’x10’ private offices, (1) 15’x10’

entry office & 2 half baths

•Website: http://svn.re/16VIp37

Page 23: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$900,000 | For Sale

$27,000 | Buy Side Fee

Neil [email protected], IL

22 N. Third Street | Geneva, IL

Offering Highlights:• Freestanding Building – Vacant

•4,864 SF Main Floor

•Full Basement with 8' Ceilings

•Corner Display Windows

•Private Parking Lot (approx. 20 cars)

•Website: http://svn.re/1aqZDBV

Page 24: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$985,000 | For Sale

$24,625 | Buy Side Fee

Justin [email protected], MD

Upshire Apartments | Baltimore, MD

Offering Highlights:•15 Units

•Updated Kitchens

•Lead Free

•Self Contained Units

•High Visibility in Desirable and

Stable Neighborhood

•Newer HVAC Systems, Hot Water

Heaters and Appliances

•Website: http://svn.re/1hnTNE2

Page 25: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$995,000 | For Sale

$24,875 | Buy Side Fee

Scott [email protected] Braunfels, TX

1.504 Acres Commercial Land | New Braunfels, TX

Offering Highlights:•Great Visibility on IH-35

•Located Next to 500+ Hotel Rooms

•Level Lot - Ready for Development

•Easy Ingress / Egress

•Website: http://svn.re/19D8M8a

Page 26: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$1,074,000 (combined) | For Sale

3% (each) | Buy Side Fee

Peter [email protected] Rapids, MI

(2) Single Tenant Dollar Generals | Midland & Berrien Springs, MI

Offering Highlights:•Berrien Springs: 8,000 SF•Midland: 9,600 SF•Can be sold separately•Approx. 5 years left on term•9 cap average•Berrien Springs: http://svn.re/1eem4gC•Midland: http://svn.re/1aueP18

David De [email protected] Rapids, MI

Page 27: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$1,200,000 | For Sale

$36,000 | Buy Side Fee

Victor S. Voinovich, [email protected], OH

Butternut Commons | East Cleveland, OH

Offering Highlights:•120 Units

•Brick, steel and concrete structure

•Great potential for upside

•Located on East Cleveland's Main

Street

•Across from High School

•Great Visibility on Cleveland's

longest street

•Another 39 units available within 5

blocks at similar per unit pricing

•Website: http://svn.re/16lhThd

Page 28: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$1,175,000 | For Sale

$29,375 | Buy Side Fee

Jack Brower, CCIM

775-883-3936 [email protected] City, NV

Lender Owned Industrial Lots | Dayton, NV

Offering Highlights:•Lender owned

•Price at $1.10 per Square Foot

•Industrial Zoned

•All Utilities nearby

•Website: http://svn.re/16zZdu4

Bruce Robertson, CCIM

775-883-3936 [email protected] City, NV

Page 29: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$1,385,000 | For Sale

$34,625 | Buy Side Fee

Bruce Robertson, CCIM

775-883-3936 [email protected] City, NV

Foothill Commerce Flex Building | Reno, NV

Offering Highlights:•Located in Foothill Commerce

Center

•11,640 SF Retail/Warehouse

Building

•760 SF Office Improvements

•60% Retail/Showroom

•40% Warehouse

•3 Private Offices

•Mezzanine Storage

•Roll-Up Door

•Easy On/Off Access to US HWY 580

•Website: http://svn.re/16TBLul

Joel Fountain775-883-3936 [email protected] City, NV

Page 30: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$1,500,000 | For Sale

$45,000 | Buy Side Fee

Jeff Jansen, CCIM

[email protected], WI

Former Sentry Grocery | Sun Prairie, WI

Offering Highlights:•49,900 SF - divisible & in TIF district

•Signage with 11,500 Daily Traffic

Count

•Large Windows

•2 Loading Docks & Overhead Doors

•3 Phase Electric

•Website: http://svn.re/1ebL7Ra

Page 31: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$2,200,000 | For Sale

$55,000 | Buy Side Fee

Corey [email protected], IL

3020 N. Lincoln Avenue | Chicago, IL

Offering Highlights:•Located at intersection of Lincoln/Southport/Wellington•10,000 SF 1st level with 3,500 SF Mezzanine level•Stunning open-concept space•Refurbished narrow-plank maple floors•16’ ceilings with 100’ of frontage on busy Lincoln Ave•Website: http://svn.re/GJx8Gf

Ben [email protected], IL

Page 32: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$2,435,840 | For Sale

$73,075.20 | Buy Side Fee

100% USDA Certified Organic Farmland | Indiantown, FL

Offering Highlights:•304 Acres

•100% USDA certified organic

farmland

•Gated access road and cameras for

security

•New Mobile home and steel building

included

•Farm equipment also available for

sale

•Excellent Drainage

•Website: http://svn.re/17SXqAo

Robert [email protected], FL

Page 33: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$2,850,000 | For Sale

$85,500 | Buy Side Fee

Thomas Y. Johnson, CCIM

775-825-3330 [email protected], NV

Feather River | Wadsworth, NV

Offering Highlights:•749.45 Acre Residential

Development

•Bank owned

•2,465 Lots Per Conceptual Map

•Tentative Map in Place

•278.8 Acre Feet of Water Rights

•Website: http://svn.re/16zlhoT

Page 34: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$849,000 | For Sale

$34,000 | Buy Side Fee

Roger Moore, Jr., SIOR

[email protected], TN

Sweetwater Retail Depot | Sweetwater, TN

Offering Highlights:•14,420 SF under roof with multiple

tenant options.

•Possible conversion into multiple

ownership.

•Sweeping views of the Sweetwater

countryside.

•Possible Uses include: B&B's, cafe,

restaurant, coffee shop, bakery,

garden center, convenient store,

antique depot, professional office

space, and many more!

•Website: http://svn.re/19mZ7Vi

Michael [email protected], TN

Page 35: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$2,950,000 | For Sale

$118,000 | Buy Side Fee

Roger Moore, Jr., SIOR

[email protected], TN

Halls Salvage | Sweetwater, TN

Offering Highlights:•Outstanding interstate access

•86,000 SF + of under roof

warehouse, distribution, showroom

with additional development acreage

•Quality construction, on slab and

erected 2003

•Fully fenced warehouse space

•Multiple dock high and grade level

bays

•High ceilings and bays

•Website: http://svn.re/17iAl6E

Michael [email protected], TN

Page 36: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$3,150,000 | For Sale

$78,750 | Buy Side Fee

Neil [email protected], AZ

Country Aire Apartments | Goodyear, AZ

Offering Highlights:•60 Units

•All Two-Bedroom/One Bath Units

•Location Just Off Interstate 10 with

Great Access to Public Transportation

•Well Maintained Lender-Owned

Asset

•Individually Metered for Electricity

•Swimming Pool

•Laundry Facilities

•Website: http://svn.re/1adx7Cz

Page 37: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$3,550,000 | For Sale

$106,500 | Buy Side Fee

Erik [email protected] Jose, CA

West Shaw Office Building | Fresno, CA

Offering Highlights:•Price reduction

•40,221 SF

•87% Leased and occupied

•Strong national and local tenants

•68% of tenants have been there

longer than 9 years•Cap rate of 8.6% on in place income•All offers to be considered

•Website: http://svn.re/17SJZ3sPaul [email protected] Jose, CA

Page 38: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$3,900,000 | For Sale

$78,000 | Buy Side Fee

Heidi Mickelson, CCIM, SIOR

[email protected], ID

Front 5 West | Boise, ID

Offering Highlights:•21,945 SF

•Central location with high visibility

and signage advantages

•National credit tenants

•High traffic count with easy access to

Connector and I-84

•Excellent redevelopment opportunity

•Low maintenance

•Website: http://svn.re/1aghGJQChristopher [email protected], ID

Page 39: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$4,500,000 | For Sale

$135,000 | Buy Side Fee

Tom Rankin, CCIM

417-887-8826 [email protected], MO

Former Hickory Hills School Property | Springfield, MO

Offering Highlights:•15.204 Acres

•This is an excellent opportunity for a

developer

•Average Household income is

$53,000 in a 3 mile radius

•The building has been razed and the

site cleared

•Note: Seller would consider a Buyer

subdividing the property into smaller

tracts

•Website: http://svn.re/16lh5sB

Jeff Childs, CCIM

417-887-8826 [email protected], MO

Page 40: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$995,000 | For Sale

$24,875 | Buy Side Fee

18641-45 W. Creek Drive | Tinley Park, IL

Offering Highlights:•13,081 SF

•Bank Owned

•NNN Leases

•Great for Owner Occupy or

Investment

•Website: http://svn.re/1hF6o5N

Brian [email protected], IL

Page 41: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$1,025,000 | For Sale

$25,625 | Buy Side Fee

Jeffrey [email protected], IL

9520-28 S. Troy Avenue | Evergreen Park, IL

Offering Highlights:•14 Units

•100% Occupancy

•Value Add Opportunity

•Parking Included

•Website: http://svn.re/1hF5EO1

Brian [email protected], IL

Page 42: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$1,995,000 | For Sale

$39,900 | Buy Side Fee

Jeffrey [email protected], IL

14538-44 Cottage Grove | Dolton, IL

Offering Highlights:•36 Units

•3 Building Portfolio

•100% Occupancy

•Assumable Loan at 4.78%

•Website: http://svn.re/19CLZPI

Brian [email protected], IL

Page 43: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$1,250,000 | For Sale

$31,250 | Buy Side Fee

Jeffrey [email protected], IL

1870 N. Halsted Street | Chicago, IL

Offering Highlights:•5 Units

•Updated Owners Unit

•2 Blocks from CTA Brown Line

•Under Market Rents

•Website: http://svn.re/180PgWJ

Brian [email protected], IL

Page 44: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$2,400,000 | For Sale

$48,000 | Buy Side Fee

Jeffrey [email protected], IL

14015-25 & 14119-27 Tracy Ave. | Riverdale, IL

Offering Highlights:•66 Units

•All 2 Bedroom Units

•100% Occupancy

•New Roofs on all buildings

•Website: http://svn.re/1aq5CXK

Brian [email protected], IL

Page 45: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$4,750,000 | For Sale

$95,000 | Buy Side Fee

Jeffrey [email protected], IL

6022 Lenzi Avenue | Hodgkins, IL

Offering Highlights:•80 Units

•5 Building Portfolio

•100% Occupied

•Close to Expressway

•Website: http://svn.re/1bJFhcg

Brian [email protected], IL

Page 46: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$5,800,000 | For Sale

$116,000 | Buy Side Fee

Shari A. [email protected], AZ

The Shops at Foothills Vista Commons | Phoenix, AZ

Offering Highlights:•6.85% CAP on Actuals

•8.65% CAP on Proforma

•24,103 SF

•Strong Demographics

•Great Visibility

•Easily Accessible

•Shadow Anchored by LA Fitness

•High Traffic Counts

•Website: http://svn.re/18VaQeVTrenton [email protected], AZ

Page 47: Sperry Van Ness #CRE National Sales Meeting 10-15-13

$6,399,000 | For Sale

$191,970 | Buy Side Fee

880 Harrison Street | Leesburg, VA

Offering Highlights:•29,900 SF

•Ideal for Corporate Headquarters

•Freestanding

•Central Location

•All Brick

•On Site Parking

•Website: http://svn.re/19Fgwwi

Nancy [email protected], VA

Rich [email protected], VA

Page 48: Sperry Van Ness #CRE National Sales Meeting 10-15-13

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


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