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

Transcription

1 CUSHMAN & WAKEFIELD THALHIMER CAPITAL MARKETS GROUP INVESTMENT OFFERINGS SECOND QUARTER 2016 ERIC ROBISON Senior Vice President (804) CATHARINE SPANGLER Senior Associate (804) BASIL HALLBERG (804) Senior Analyst

2 4800 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. REYNOLDS OFFICE BUILDING 198,000 SF One (1) building 88% Leased 17 Tenants Rare opportunity to acquire a best-in-market, Class A suburban office building with unmatched access and signage in the top performing submarket in Richmond, Virginia. ON MARKET 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 9 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- ready site ready for immediate development. Credit tenant rent roll with over four years of weighted average existing lease term & SPECTRIM LANE Midlothian, VA 65,000 SF Two (2) buildings 100% Leased Two single-tenant net leased warehouse opportunities in Richmond s Oaklake Business Park with varying lease term. VILLA PARK I 74,862 SF One (1) building 100% Leased Four-tenant 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 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% occupied Garden-style apartment community built in 1976 with just 7.5% vacancy since SOLD FOR $27,350,000 MAY 2015

6 TANGLEWOOD MALL Roanoke, VA 797,624 SF 88% occupied 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. 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. SALEM FIELDS SHOPPING CENTER Fredericksburg, VA 44,900 SF 97% Occupied Food Lion anchored shopping center built in 1999, located at entrance to large master-planned residential community. ON MARKET SOUTHPARK SHOPPING CENTER Colonial Heights, VA 71,509 SF 100% occupied 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. ON MARKET POPLAR FOREST PLAZA Lynchburg, VA 41,400 SF One (1) buildings 94.2% occupied 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. ON MARKET

7 CENTRE AT CULPEPER Culpeper, VA 72,878 SF 79.3% Occupied Aldi anchored center with 11+ years of remaining term located in extremely tight submarket in suburban Washington, D.C. UNDER CONTRACT MIDLOTHIAN CROSSING 84,000 SF 97% Occupied 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% occupied Unanchored retail center. Occupied to diverse tenant roster in Richmond s most successful retail market. SOLD FOR $7,600,000 FEBRUARY 2016 CatharineSpangler BRANDERS CREEK CORNER 26,366 SF 100% occupied 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% occupied 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

8 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 TRACE FORK STRIP Charleston, WV 8,597 SF Two-tenant strip 100% leased Triple net leases Lender owned, two-tenant strip leased to Men s Wearhouse and Casual Male, XL. SOLD FOR $1,800,000 MAY 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 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). UNDER CONTRACT 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. Catharine Spangler SOLD FOR $2,249,000 NOVEMBER 2015 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% occupied Ground lease Ground leased Wawa with 18 years left on initial 20 year lease term. SOLD FOR $3,760,000 AUGUST 2015 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

10 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