INVESTMENT OFFERINGS CUSHMAN & WAKEFIELD THALHIMER CAPITAL MARKETS GROUP THIRD QUARTER 2016

Transcription

1 CUSHMAN & WAKEFIELD THALHIMER CAPITAL MARKETS GROUP INVESTMENT OFFERINGS THIRD QUARTER 2016 ERIC ROBISON Senior Vice President (804) MICHAEL EARLY First Vice President (804) CATHARINE SPANGLER Senior Associate (804) JOE KENNEDY Associate (757) BASIL HALLBERG (804) Senior Analyst CALVIN GRIFFITH (804) Financial Analyst RIKA DOTSON (804) Transaction Coordinator

2 500 E. MAIN STREET Norfolk, VA 229,987 SF 62% Leased 32 Tenants Value-add opportunity that includes a 407 space parking garage plus two additional parcels which, when combined, encompass almost an entire city block in Norfolk s rapidly growing CBD COX ROAD 62,941 SF 93% Leased Four tenants Rare offering in the highly sought-after Innsbrook Corporate Center. Class A multi-tenant office building. BOULDERS OFFICE PORTFOLIO 289,278 SF Three (3) buildings 76% Leased 34 Tenants Value-add office portfolio consisting of three Class A office buildings and a 3.7-acre developable parcel zoned O-2. UNDER CONTRACT BANK OF AMERICA CENTER 508,000 SF One (1) building 70% Leased 21 Tenants Value-add CBD office investment opportunity with strong credit rent roll and 6.9 years of average lease term on in-place tenants. SOLD FOR $42,000,000 FEBRUARY 2016 ONE & TWO COMMERCIAL PLACE Norfolk, VA 620,000 SF Two (2) buildings 33% Leased Multiple tenants Value-add CBD office investment opportunity consisting of one office tower 33.3% leased to nine tenants and an adjoining completely vacant, nine-story building. SOLD FOR $22,000,000 JANUARY 2016

3 ARBORETUM IX 74,772 SF One (1) building 77% Leased Nine tenants Value-add, Class A suburban office building with a strong, credit tenant rent roll and over six years left on average on in-place leases. SOLD FOR $6,750,000 DECEMBER 2015 OYSTER POINT OFFICE PORTFOLIO Newport News, VA 133,482 SF Four (4) buildings 83% Leased Multiple tenants Core-plus suburban office portfolio in the Peninsula area of Hampton Roads most successful office parks. SOLD FOR $9,000,000 DECEMBER 2015 PARHAM PLACE 88,890 SF Three (3) buildings 100% Leased Single-tenant Attractive, contemporary single-tenant, headquarters office portfolio. SOLD FOR $12,750,000 JULY 2015

4 WINDSOR BUSINESS PARK 337,030 SF Six (6) buildings 96% Leased 11 Tenants Six-building business park with two developable parcels and one pad site ready for immediate development. Credit tenant rent roll with over four years of weighted average existing lease term. VILLA PARK I 74,862 SF One (1) building 100% Leased Four tenants Office/flex property in one of Richmond s most successful business parks SOLD FOR $8,144,000 MARCH 2016 COLORTREE 142,993 SF One (1) building 100% STNL Class A industrial building in a strategically located park with 12+ year net lease to strong regional tenant with annual rent escalations. SOLD FOR $11,000,000 MARCH 2016

5 WEBSTER COURT APARTMENTS Petersburg, VA 88 Units Two bed/one bath 872 Avg. SF $602 average in-place monthly rent 90% occupied Class B multifamily opportunity with upside. The asset benefits from highly effective recent lease-up efforts by new management Catharine Spangler THE POYTHRESS BUILDING 31 Units One and two bedroom units 673 Avg. SF $800 average in-place monthly rent 97% occupied Historic rehab opportunity located in Richmond s Shockoe Bottom - Attractive assumable financing in-place. SOLD FOR $3,750,000 NOVEMBER 2015 Catharine Spangler HUGUENOT APARTMENTS 296 Units 95% Leased Garden-style apartment community built in 1976 with just 7.5% vacancy since SOLD FOR $27,350,000 MAY 2015 Catharine Spangler

6 POPLAR FOREST PLAZA Lynchburg, VA 41,400 SF One (1) building 94.2% Leased Food Lion anchored strip center with strong store sales and upside opportunity through the lease-up of existing vacancy. In-place debt can be assumed. Catharine Spangler TANGLEWOOD MALL Roanoke, VA 797,624 SF 88% Leased JCPenney, Belk anchored shopping mall built in Additional tenants include TJ Maxx, Steinmart, Staples, Carmike Cinemas, Kroger, and Barnes & Noble. Premier retail location and development opportunity. UNDER CONTRACT NEWMARKET SOUTH SHOPPING CENTER Hampton Roads, VA 336,904 SF 73% Leased 32 Tenants Food Lion anchored center with over five years of term and a less than 2% health ratio. Strategic location with significant development potential onsite. Additional tenants include Haynes Furniture Inc., SunTrust Bank and USPS. UNDER CONTRACT SALEM FIELDS SHOPPING CENTER Fredericksburg, VA 44,900 SF 97% Leased Food Lion anchored shopping center built in 1999, located at entrance to large master-planned residential community. SOLD FOR $4,575,000 AUGUST 2016 CHARLOTTESVILLE RETAIL STRIP CENTER Charlottesville, VA 9,105 SF Multi-tenant strip 50.6% Occupied Value-add, unanchored retail strip located at one of Charlottesville s most highly traveled intersections. Tenants include TitleMax and GameStop SOLD FOR $1,575,000 JUNE 2015 Catharine Spangler

7 SOUTHPARK SHOPPING CENTER Colonial Heights, VA 71,509 SF 100% Leased Regional center shadow anchored by Southpark Mall. Opportunity for additional income through approved pad site development. Tenant s include Books-A-Million, Chipotle, and Ashley Home Furniture. SOLD FOR $9,500,000 JUNE 2016 Catharine Spangler CENTRE AT CULPEPER Culpeper, VA 72,878 SF 79.3% Leased Aldi anchored center with 11+ years of remaining term located in extremely tight submarket in suburban Washington, D.C. SOLD FOR $12,500,000 JUNE 2016 COROLLA LIGHT TOWN CENTER Corolla, NC 57,153 SF 21 Commercial Spaces, 26 Apartment Units 84% Leased Multi-tenant A unique value-add, mixed-use property, leased to diverse commercial tenant base with a historically strong residential component. The asset is comprised of ten buildings in the heavily traveled, coastal Outer Banks of North Carolina.. SOLD FOR $4,620,000 JUNE 2016 Catharine Spangler MIDLOTHIAN CROSSING 84,000 SF 97% Leased Big Lots anchored Shopping center with long-term leases and unmatched access along Midlothian Turnpike, one of Richmond s strongest retail corridors. SOLD FOR $4,950,000 APRIL 2016 THE SHOPPES AT TWIN OAKS 39,117 SF Three (3) buildings 94% Leased Unanchored retail center. Occupied to diverse tenant roster in Richmond s most successful retail market. SOLD FOR $7,600,000 FEBRUARY 2016 Catharine Spangler

8 BRANDERS CREEK CORNER 26,366 SF 100% Leased Newly constructed strip center leased to a variety of retail and medical tenants. 21% of the center is occupied by HCA. SOLD FOR $6,210,000 FEBRUARY 2016 Catharine Spangler WILLIAMSBURG CROSSING Williamsburg, VA 149,872 SF 69% Leased Food Lion anchored 50,000 square foot Food Lion anchored center with solid sales and three years of remaining term. SOLD FOR $4,625,000 AUGUST 2015 SOUTHWEST PLAZA Roanoke, VA 79,384 SF 94% Leased Anchor Tenants: Food Lion Grocery-anchored center with top of market demographics. SOLD FOR $8,015,940 JULY 2015 WESTPARK SHOPPING CENTER 176,935 SF 100% Leased Anchor Tenants: Martin s, Christmas Tree Shop Strong performing grocery-anchored center in region s most successful retail trade. SOLD FOR $33,390,000 MAY 2015

9 WAWA Hampton, VA 1.56 Acres Single-tenant 100% Leased Absolute net ground lease Brand new 20-year ground lease at the signalized intersection of Mercury Blvd. and Pembroke Ave. Rent is scheduled to commence September, Catharine Spangler DOLLAR GENERAL Grandy, NC 8,125 SF One (1) Building 100% Leased Single-tenant Leased to Dollar General Free-standing NNN leased Dollar General located on RT 158, the main artery and heavilty traveled route in the Outer Banks region. Over six (6) years of firm term in place as of March Mike Early AAA CAR CARE ±1.09 Acres Single-tenant 100% Leased Absolute net ground lease Brand new 10-year ground lease on a grocery anchored outparcel (77,000 VPD). SOLD FOR $2,050,000 JUNE 2016 Catharine Spangler CAR POOL CAR WASH 6,432 SF Single-tenant 100% Leased Absolute net lease Brand new 20-year sale/lease back along Richmond s primary commercial corrdior. A Verizon cell tower provides additional rental income throughout the term of the lease. SOLD FOR $3,600,000 MAY 2016 Catharine Spangler BOJANGLES Hendersonville, NC 3,808 SF Single-tenant 100% Leased Absolute net lease Rare, brand new 20-year lease on relocation of existing location with a successful operating history. SOLD FOR $2,249,000 NOVEMBER 2015 Catharine Spangler

10 MATTRESS FIRM Hampton, VA 4,577 SF Single-tenant 100% Leased Double net lease 9 years of remaining lease term. Shares a hard corner with CVS. SOLD FOR $2,362,000 SEPTEMBER 2015 Catharine Spangler WAWA 3,808 SF One (1) tenant 100% Leased Ground lease Ground leased Wawa with 18 years left on initial 20-year lease term. SOLD FOR $3,760,000 AUGUST 2015 Catharine Spangler BOJANGLES Sylva, NC 3,808 SF Single-tenant 100% Leased Absolute net lease Location has a successful 10-year operating history and has just entered into a brand new 20-year lease. SOLD FOR $2,123,000 JULY 2015 Catharine Spangler BOJANGLES Waynesville, NC 3,808 SF Single-tenant 100% Leased Absolute net lease Brand new 15-year lease with Bojangles second largest franchisee. Build-to-suit construction. SOLD FOR $2,200,000 MARCH 2015 Catharine Spangler