BID Magazine - January 2023 Issue by Ten-X

JANUARY 2023 THE EXPONENTIALLY SMARTER, FASTER, BETTER WAY TO TRANSACT CRE

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JANUARY 2023 16 OFFICE 26 MULTIFAMILY 34 RETAIL 44 HOTEL 50 INDUSTRIAL 56 LAND THE

EXPONENTIALLY SMARTER, FASTER, BETTER WAY TO TRANSACT CRE

17 Ten-X.com January 2023 5 6 SUN BELT NO LONGER THE NATION’S MULTIFAMILY RENT GROWTH LEADER 10 INFLATION IS FINALLY RUNNING OUT OF STEAM Features

By Jay Lybik CoStar Analytics December 5, 2022

6 Sun Belt No Longer the Nation’s Multifamily Rent Growth Leader COSTAR NEWS INSIGHT Reprinted With Permission from CoStar

Reduced Demand, Near-Record Deliveries Has Sun Belt Rents Retreating Quickly Sun Belt Rent Growth Dominance Ends

In the five years preceding the pandemic, investor interest in Sun Belt markets soared as regional economies and housing markets moved into recovery after the Great Recession. A rent analysis of 11 major Sun Belt markets from 2015 to 2019 showed rent growth that was 60 basis points higher than the national average. In 2021, Sun Belt rent growth in multifamily properties peaked at an annual average of 16.6%, or 550 basis points above the national mark of 11.1%, with some markets such as Tampa, Florida, and Las Vegas, Nevada, seeing apartment rent growth double the national average.

Since the end of 2021 however, multifamily rent growth in Sun Belt markets has decelerated at a much faster pace than the national average. As a matter of fact, third-quarter results showed the average Sun Belt rent growth on par with the nation, at 5.6%. So, while national rent growth has declined by half since its peak, rent growth in Sun Belt markets has fallen 66%. In addition, the forecast projects average Sun Belt apartment rent growth will dip below the national average by the end of the fourth quarter.

Sun Belt Rent Growth Down Significantly

7 Ten-X.com January 2023

Orlando, Florida luxury lifestyle apartments buildings with three floors by lake water fountain in tropical city with blue sky clouds. (Getty Images)

Analyzing individual Sun Belt markets further highlights the dramatic change in rent growth that has occurred over the past 11 months. Las Vegas and Phoenix have witnessed the largest declines, with rent growth down in both markets by 98% since the beginning of the year. Only four of 11 Sun Belt markets have rent growth above the national average, with Orlando, Florida, the leader at 7.1%. Houston’s decline has been the smallest with rents down just 640 basis points to 3% annual growth year to date.

The about-face in Sun Belt market performance in 2022 boils down to rapidly declining demand simultaneous with developers delivering a cyclehigh number of new units coming online by the end of the fourth quarter. The current forecast projects only 32,000 units of demand compared to 123,000

units of new construction. That would amount to an 83% decline in demand over last year’s total.

Furthermore, the outlook for 2023 continues to project new unit openings far outpacing demand. New supply records are expected to be set in six of the 11 Sun Belt markets in the analysis for 2022. Phoenix as well as the Texas capital of Austin are both expected to set records in construction this year, adding 15,000 units each. For Austin, that would be 6,000 more units than its 10-year average supply and 7,000 units higher than the 10-year average in Phoenix. The heavy imbalance between supply and demand in the Sun Belt has pushed the region’s vacancy rate up 210 basis points to 7.8% compared to the 100-basis-point increase for the national vacancy average which is at 5.7%.

Imbalance in New Supply and Demand Continues in 2023

Economic uncertainty has persisted throughout 2022. High inflation combined with rising interest rates plus a potential recession has the population holding back on making major financial commitments, such as moving out from a parent’s or roommate’s home to create a new household. Sun Belt markets have seen fewer existing household formations plus drastically reduced inmigration as individuals wait out the economic insecurity before relocating to a new region.

While market conditions for the multifamily sector in 2023 appear dreary, a few recent economic changes may signal that the Federal Reserve’s recent attempts to slow inflation by pushing up short-term interest rates is working. Inflation in October fell to 7.7%, the lowest rate since the beginning of the year. Additionally, labor market

growth has gradually been declining in the second half of 2022, which indicates that economic growth is beginning to moderate.

These new data points may convince the Fed to pull back on the aggressive rate increases and possibly engineer a soft landing for the economy. Another potential outcome could be a shallow recession in the first half of 2023 followed by a quick revival of economic growth. Either outcome would help to remove the economic uncertainty that has been hanging over the nation in 2022 and sets the stage for releasing pent-up household formations and expanding multifamily demand in the second half of 2023. Thus, the stage would be set for a rebound in Sun Belt rent growth once the supply overhang dissipates.

9 Ten-X.com January 2023

Inflation Is Finally Running Out of Steam COSTAR NEWS INSIGHT

Reprinted With Permission from CoStar

Prices Rise by an Annual Rate of Just 2.5% Over Past Five Months

By Christine Cooper & Rafael De Anda CoStar Analytics December 14, 2022

Inflation slowed in November as consumer prices grew by a mere 0.1%, according to the Bureau of Labor Statistics, slower than expected. As we often remind readers, a single month doesn’t make a trend, but taken together, prices have risen by an annualized rate of just 2.5% over the past five months, which is rather close to the desired pace of inflation targeted by the Federal Reserve.

Inflation Is Moderating

Moreover, while inflation is 7.1% higher than a year ago, much of that growth came from December 2021 to March 2022 — so the year-over-year figures will likely moderate over the next few months, barring any unexpected event.

Food and energy costs boosted overall inflation over the past year, but these are falling back to earth. Energy prices were 13% higher in November than a year ago but fell by 1.6% during the month. Prices of both groceries and restaurant meals rose

by 0.5% over the month while being 8.5% and 12%, respectively, higher than a year ago. Core inflation, which excludes these more volatile categories, ticked higher by just 0.2% in November.

Consumer Price Index Rents Lag Market Trends

Travel costs eased slightly in November after seeing outsize gains over the year. The price of transportation services, such as airfares and car rentals, which tend to lag oil prices by several months, fell by 0.1% in November. Prices for lodging away from home fell by 0.7%.

One area that attracts a lot of attention is the contribution of housing costs to the price index. Shelter costs account for about one-third of overall inflation and rose by 0.6% in this latest report, even as the housing market is starting to cool and month-over-month prices and rents are slipping.

11 Ten-X.com January 2023

Owners’ equivalent rent, which is a measure of how much a property owner would have to pay in rent for their home, accounts for almost a quarter of inflation and rose 0.7% over the month, while actual rents, accounting for 7% of the index, stepped 0.6% higher.

The disconnect between shelter costs as reflected in the consumer price index and what is occurring in the broader housing market offers some guidance as to how the price index is likely to behave in coming months.

Asking rents for apartments peaked earlier in the year, according to CoStar, but they appear to lead primary rents as tracked in the index by about eight months. This is largely due to the difference in rent data collection. The consumer price index collects current rents in a sample of rental units every six months. Since apartment dwellers typically sign

yearly leases with rents fixed during the lease term, the index fails to detect more frequent rent changes that prevail from tenant turnover in the market. CoStar, on the other hand, collects daily data of tens of thousands of apartment properties, capturing real-time rent observations.

Thus, the consumer price index’s rent component should take a while to catch up to current market conditions. For example, after the start of the pandemic, apartment rent growth slowed to 0.5% in September 2020 before accelerating through March 2022. However, the rent component of the index decelerated through May 2021 and accelerated through November. If the index’s rent growth continues to lag apartment rent growth by eight months, then November might have marked the peak in rent growth according to the consumer price index and we should see this turn over in coming reports.

Inflation Is Slowing Rapidly in Key Categories

Several other inflation measures also show prices moderating in November and suggest that the trend will continue to slow in the coming months. Wholesale prices grew by 0.3% as measured by the producer price index for final demand. While final demand draws the headlines, wholesale prices further down the production line, particularly for goods, are showing more softening due to the easing of supply chain backlogs and energy costs, which began to fall midway through the year.

Wholesale Prices Are Falling

The price of final demand for goods grew by 0.1%, and prices for processed intermediary goods, which tend to lead prices of final goods, fell by 0.9% in November after dropping by 0.1% in September and October. Even further down the production line, prices of unprocessed intermediate goods fell by 3.2% in November after tumbling by 10.5% in October.

On the services side, prices for final demand grew by 0.4%, while prices of intermediate demand of services grew by 0.6% in November. These prices are more closely tied to labor costs, which have been growing at around a 5% annual pace.

Another sign that inflation should moderate is reflected in households’ expectations of the future

path of inflation. The median consumer expectation for inflation a year from now has fallen from 6.8% in June to 5.2% in November. Households also feel better about the longer-term future. The median expectation for inflation three years ahead ticked lower to 2.9% and has been in pre-pandemic range — below 3% — since August.

13 Ten-X.com January 2023

Inflation Expectations Fall Sharply

What We’re Watching …

Consumers have been pretty downbeat this year as inflation and recession risks weigh on sentiment, but last week’s consumer sentiment survey from the University of Michigan showed households are still expecting to see higher incomes and lower interest rates next year. This could support stronger consumer spending through the end of the year, but don’t hold your breath.

The retail sales report for November coming this week could reveal a pullback after October’s hefty lift, as consumers exhaust pandemic-related savings and lean more heavily on credit, which should become more costly as interest rates continue to climb higher.

THE EXPONENTIALLY SMARTER, FASTER, BETTER WAY TO TRANSACT CRE

PROPERTY TYPE Office LOCATION Peachtree Corners, GA CLOSED Nov 2022 PAGE VIEWS 15,693 VAULT VIEWS 112 PURCHASE PRICE $4,125,625 SELLER Private Client BROKER Colliers International MARKETED. SOLD. CLOSED. 75 DAYS FEATURED CLOSING 16

OFFICE | LISTINGS 17 Ten-X.com January 2023

LEARN MORE

www.10x.com/M022866-D

Harry Chaskalson

N.E.G. Property Services, Inc. (954) 270-6012 harry@negproperty.com Lic# FL SL3261257

Cheri Mascitelli Ten-X (305) 537-9318 cmascitelli@ten-x.com

Al Mirin Cushman & Wakefield (203) 326-5822 al.mirin@cushwake.com Lic# CT REB0793659

Kevin Grace Ten-X (305) 503-2645 kgrace@ten-x.com

20 Broker Co-Op Available BID ONLINE Jan 23-26 STARTING BID $950,000 SIZE 8,712 SF

2161 E Commercial Blvd Fort Lauderdale, FL BID ONLINE Jan 23-26 STARTING BID $900,000 SIZE 66,000 SF

LEARN MORE www.10x.com/M022870-D

101 Merritt Blvd Trumbull, CT

7129 Old US Highway

BID ONLINE

Jan 23-25

STARTING

Osler Woltz

Atlantic Retail (980) 498-3297 owoltz@atlanticretail.com Lic# NC 297704

Casey Fashouer

Ten-X (619) 330-5124 cfashouer@ten-x.com

BID ONLINE

Jan 30-Feb 2

Alex Housewright

Shop Companies

(214) 501-5117 ahousewright@shopcompanies.com Lic# TX 713625

Tommy Tucker

Shop Companies (214) 960-2887 ttucker@shopcompanies.com Lic# TX 543816

Financing Available 17 Ten-X.com January 2023

BID $750,000 SIZE 53,569 SF LEARN MORE www.10x.com/M022836-D

52 Lexington, NC

STARTING BID $400,000 SIZE 5,658 SF LEARN MORE www.10x.com/M022940-D

South Stemmons Freeway

325

Lewisville, TX

LEARN MORE

www.10x.com/M022859-D

John Martin

Moses Tucker Partners (501) 376-6555

jmartin@mosestucker.com Lic# AR EB00054781

Fletcher Hanson

Moses Tucker Partners (501) 376-6555 fhanson@mosestucker.com Lic# AR PB00042821

LEARN MORE www.10x.com/M022878-D

Matt Lyman Norris & Stevens, Inc. (503) 507-4880

mattl@norris-stevens.com Lic# OR 200807129

James Waddy Ten-X (949) 617-0127 jwaddy@ten-x.com

22 Broker Co-Op Available BID ONLINE Jan 23-26

BID $400,000

13,478 SF

STARTING

SIZE

3201 Highway 161 North

AR BID ONLINE Jan 23-26

BID $350,000 SIZE 6,555 SF

Little Rock,

STARTING

7025 N Lombard Street

Portland, OR

Jan 23-26 STARTING

Connie Howard

US Properties (860) 437-0101 chowardusp@gmail.com Lic# CT RES0798067

Corey Talley

(804) 510-2493

Deborah Meehan

TradeMark Properties (919) 333-3914

dhmeehan@ trademarkproperties.com Lic# NC 248010

Winston Rathbun

TradeMark Properties (919) 696-0092

wrathbun@trademarkproperties.com Lic# NC 333375

Financing Available 17 Ten-X.com January 2023 23

BID ONLINE

BID $350,000 SIZE 34,000 SF

LEARN

www.10x.com/M022852-D

Ten-X

ctalley@ten-x.com 101 Water Street Norwich, CT BID ONLINE

BID $350,000 SIZE 7,666 SF LEARN MORE

Jan 23-26 STARTING

www.10x.com/M022879-D

817

New Bern Avenue Raleigh, NC

4020 Raintree Road

Chesapeake, VA

BID ONLINE

Jan 23-26

STARTING BID $300,000 SIZE 11,258 SF

LEARN MORE www.10x.com/M022868-D

Alex Jacob | ProActive Real Estate Services (703) 907-9562 | alexjacob21@gmail.com Lic# VA 0225242617

Kevin Grace | Ten-X (305) 503-2645 | kgrace@ten-x.com

2000 Beaumont Road Baytown, TX

BID ONLINE

Jan 23-26

STARTING BID $250,000 SIZE 22,076 SF

LEARN MORE www.10x.com/M022895-D

Mart Martindale | EDGE Realty Capital Markets (214) 545-6917 | mmartindale@edge-cm.com Lic# TX 487949

Claire Schmeltekopf | Edge Realty Partners (214) 545-6941 | claire@edge-cm.com Lic# TX 795704

426 Marietta

BID ONLINE

Jan 23-26

STARTING BID $250,000 SIZE 12,868 SF

LEARN MORE www.10x.com/M022850-D

Thomas Bond | Southeast Property Advisor (404) 786-7922 | tpbond49@gmail.com Lic# GA 104302

Christopher Rivera | Ten-X (305) 509-6751 | crivera@ten-x.com

24 Broker Co-Op Available

Street NW Atlanta, GA

BID ONLINE

Jan 23-26 STARTING BID $200,000 SIZE 3,406 SF

LEARN MORE www.10x.com/M022874-D

Jaimee Keene | Benchmark Commercial

(303) 562-1919 | jaimee@crebenchmark.com Lic# CO FA100078080

Tisha Brady | Benchmark Commerial (303) 395-0114 | tish@crebenchmark.com Lic# CO FA100095167

Financing Available 17 Ten-X.com January 2023 25

1849

Street 1

Cherry

Louisville, CO

26 PROPERTY TYPE Multifamily LOCATION Mount Pleasant, MI CLOSED Sep 2022 PAGE VIEWS 11,240 VAULT VIEWS 376 PURCHASE PRICE $787,500 SELLER Private Client BROKER GREA MARKETED. SOLD. CLOSED. 93 DAYS FEATURED CLOSING

Ten-X.com January 2023 27 MULTIFAMILY |

LISTINGS

Ten-X.com January 2023 Financing Available 29 Julio Diaz | Pinnacle Realty and Investment Advisors | (520) 833-1430 | cdiaz777@gmail.com | Lic# AZ SA575120000 James Waddy | Ten-X | (949) 617-0127 | jwaddy@ten-x.com 201 W Fry Blvd Sierra Vista, AZ 29 FEATURED | MULTIFAMILY LISTINGS FEATURED LISTING STARTING BID $1,600,000 SIZE 69 Units BID ONLINE Jan 23-26 LEARN MORE www.10x.com/M022885-D Learn More

Michael Salvatico Marcus & Millchap (718) 475-4358 michaelsalvatico@marcusmillichap.com Lic# NY 10301216098

Dawn Helms Ten-X (804) 807-7872 dhelms@ten-x.com

Amanda West Ten-X (804) 956-0731 awest@ten-x.com

30 Broker Co-Op Available BID ONLINE Jan 23-26 STARTING BID $1,500,000 SIZE 5 Units

LEARN MORE www.10x.com/M022867-D

176 Delancey Street New York, NY BID ONLINE Jan 23-26 STARTING BID $550,000 SIZE 10,000 SF

B6 Real Estate Advisors

LEARN MORE www.10x.com/M022865-D Tommy Lin

LLC (646) 933-2636 tlin@b6realestate.com Lic# NY 10401368552

11120 & 11124 Rockaway Beach Blvd Rockaway Park, NY

BID ONLINE

Jan 23-26

Joseph Tosi

Oxford Realty Services (412) 261-0200

jtosi@oxfordrealtyservices.com Lic# PA RS289036

STARTING BID $550,000

SIZE 64 Units

1400 Riggs Road

South Park, PA

LEARN MORE www.10x.com/M022824-D

Taylor Iaboni

Oxford Realty Services (412) 261-0200 tiaboni@oxfordrealtyservices.com Lic# PA RS336715

BID ONLINE

Jan 23-26

Joseph Tosi

Oxford Realty Services (412) 261-0200

jtosi@oxfordrealtyservices.com Lic# PA RS289036

STARTING BID $400,000

SIZE 51 Units

145 Broadlawn Drive Elizabeth, PA

LEARN MORE www.10x.com/M022823-D

Taylor Iaboni

Oxford Realty Services (412) 261-0200

tiaboni@oxfordrealtyservices.com Lic# PA RS336715

Financing Available 17 Ten-X.com January 2023

417 6th Street

Belle Glade, FL

BID ONLINE

Jan 23-26

STARTING BID $400,000 SIZE 35 Units

LEARN MORE www.10x.com/M022882-D

Alex Lizama | Coldwell Banker Commercial Realty (305) 409-3045 | alexis.lizama@cbrealty.com Lic# FL 3423226

Christopher Rivera | Ten-X (305) 509-6751 | crivera@ten-x.com

410 W Cherry Street

Mount Pleasant, MI

BID ONLINE Jan 23-26

STARTING BID $400,000 SIZE 21 Units

LEARN MORE www.10x.com/M022894-D

Mike Henkel | Henkel - The Bravado (989) 404-0000 | mikehenkel@ymail.com Lic# MI 6502431250

Christopher Rivera | Ten-X (305) 509-6751 | crivera@ten-x.com

6707 Beach Channel Drive Arverne, NY

BID ONLINE Jan 23-26

STARTING BID $150,000 SIZE 5 Units

LEARN MORE www.10x.com/M022856-D

Tommy Lin | B6 Real Estate Advisors LLC (646) 933-2636 | tlin@b6realestate.com Lic# NY 10401368552

Amanda West | Ten-X (804) 956-0731 | awest@ten-x.com

32 Broker Co-Op Available

4594 3rd Street

Ecorse, MI

BID ONLINE

Jan 23-25

STARTING BID $50,000 SIZE 6 Units

LEARN MORE www.10x.com/M022827-D

Andrew Goble | Thomas Duke Company (248) 476-3700 | agoble@thomasduke.com Lic# MI 6501409778

Casey Fashouer | Ten-X (619) 330-5124 | cfashouer@ten-x.com

5 Way Street Binghamton, NY

BID ONLINE

Jan 23-26

STARTING BID $50,000 SIZE 5 Units

LEARN MORE www.10x.com/M022809-D

Scott Warren | Keller Williams Greater Binghamton (607) 722-0722 | scottwarrencre@gmail.com Lic# NY 10301220936

Dawn Helms | Ten-X (804) 807-7872 | dhelms@ten-x.com

Financing Available 17 Ten-X.com January 2023 33

PROPERTY TYPE Retail LOCATION Norristown, PA CLOSED Aug 2022 PAGE VIEWS 8,605 VAULT VIEWS 156 PURCHASE PRICE $6,850,750 SELLER Private Client BROKER Vista Realty Partners 70 DAYS MARKETED. SOLD. CLOSED. FEATURED CLOSING 34

35 RETAIL | LISTINGS Ten-X.com January 2023

Financing Available Ten-X.com January 2023 Christopher Eberhart | (949) 629-3500 | ce@traditionalbrand.com Eric Szerlag | Thomas Duke | Lic# MI 6501343471 37 FEATURED | RETAIL LISTINGS FEATURED LISTING STARTING BID $1,150,000 SIZE 4,300 SF BID ONLINE Jan 23-26 LEARN MORE www.10x.com/M022913-D Learn More 980 N 9th Street Kalamazoo, MI

LEARN MORE

www.10x.com/M022934-D

Matthew Leszyk

Marcus & Millichap (201) 742-6171

matthew.leszyk@marcusmillichap.com Lic# NY 10301214005

Corey Talley Ten-X (804) 510-2493 ctalley@ten-x.com

LEARN MORE www.10x.com/M022896-D

Holly Jones

Cushman & Wakefield/The Lund Company (402) 548-4038 holly.jones@lundco.com Lic# NE 20050378

Josh Mehlberger Ten-X (949) 379-8633 jmehlberger@ten-x.com

38 Broker Co-Op Available BID ONLINE Jan 30-Feb 2

BID $1,000,000

12,300 SF

STARTING

SIZE

153 Central Avenue Albany, NY BID ONLINE Jan 23-26 STARTING BID $800,000

95,590 SF

SIZE

8005 Blondo Street Omaha, NE

BID ONLINE

Jan 23-26

Glen Boehm

KW Commercial (210) 213-6886 glen@glenboehm.com Lic# TX 550654

Tiffany Bottinelli

Keller Williams Realty City View (407) 284-8724 tiffany.bottinelli@gmail.com Lic# TX 783496

BID ONLINE

Jan 23-26

Roland Loelkes

eXp Commercial (949) 274-6474 roland.loelkes@expcommercial.com Lic# CA 01349994

Josh Mehlberger

Ten-X (949) 379-8633 jmehlberger@ten-x.com

1700 N San Fernando Blvd Burbank, CA

Financing Available 17 Ten-X.com January 2023 39

7,556

STARTING BID $650,000 SIZE

SF LEARN MORE www.10x.com/M022908-D

1-7

220 W FM 473

Comfort, TX

STARTING BID $500,000 SIZE 5,720 SF LEARN MORE www.10x.com/M022875-D

40 Broker Co-Op Available BID ONLINE Jan 23-26 STARTING BID $500,000 SIZE 6,174 SF LEARN MORE www.10x.com/M022834-D Trip Green

Woodmont Company

371-1756 tgreen@woodmont.com Lic# TX

Jameson Kuykendall Ten-X

jkuykendall@ten-x.com 1910 S Main Street Weatherford, TX BID ONLINE Jan 23-26 STARTING BID $500,000 SIZE 6,683 SF LEARN MORE www.10x.com/M022864-D Jim Chaconas Colliers

jim.chaconas@colliers.com Lic#

Rudland Colliers

769-5012 eric.rudland@colliers.com Lic#

1329 Main Street Adrian, MI

The

(817)

572337

(949) 383-5670

(734) 769-5005

MI 6502358011 Eric

(734)

MI 6501438609

Jan 23-26 STARTING

Mohammad Ashrif

Global Realty Capital, Inc. (951) 660-7657 mmashrif@gmail.com Lic# CA 01102756

Amjed Manasrah

Global Realty Capital Inc. (951) 893-3749 amjedmanasrah@yahoo.com Lic# CA 02073744

Tyler Spain

Matthews Real Estate Investment Services (602) 975-0814 tyler.spain@matthews.com Lic# AZ SA700296000

Kyle Matthews

Lic# TX 9005919

Financing Available 17 Ten-X.com January 2023

BID ONLINE

BID $450,000 SIZE 5,550 SF LEARN MORE www.10x.com/M022887-D

Big Bear

39904

Blvd Big Bear Lake, CA

BID ONLINE

BID $300,000 SIZE 4,375 SF LEARN MORE www.10x.com/M022897-D

Jan 23-26 STARTING

1405 United Flight 93

Blvd Marshall, TX

551 N Wisconsin Street

Port Washington, WI

BID ONLINE

Jan 23-26

STARTING BID $300,000 SIZE 6,630 SF

LEARN MORE www.10x.com/M022819-D

Alexander Reid | Reid Group (847) 791-2420 | alexander@reidgroup.house Lic# WI 8844594

Carlos Silguero | Ten-X (909) 493-2579 | csilguero@ten-x.com

3106 Walden Avenue Depew, NY

BID ONLINE Jan 23-26

STARTING BID $250,000 SIZE 2,481 SF

LEARN MORE www.10x.com/M022822-D

Patti AmecAngelo | CBRE (732) 687-9725 | patti.amecangelo@cbre.com Lic# NY 10401274993

Karly Iacono | CBRE (201) 600-3237 | karly.iacono@cbre.com Lic# NY 10401274993

BID ONLINE Jan 23-26

STARTING BID $250,000 SIZE 6,900 SF

LEARN MORE www.10x.com/M022858-D

Matt Croswell | CBRE, Inc. (248) 351-2084 | matt.croswell@cbre.com Lic# MI 6505202896

Derek Rudd | Ten-X (949) 398-2589 | drudd@ten-x.com

42 Broker Co-Op Available

9136 - 9140 Highland Road White Lake, MI

Financing Available 17 Ten-X.com January 2023 43

PROPERTY TYPE Hotel LOCATION Monaca, PA CLOSED Jul 2022 PAGE VIEWS 5,665 VAULT VIEWS 153 PURCHASE PRICE $3,424,525 SELLER Private Client BROKER Avison Young MARKETED. SOLD. CLOSED. 99 DAYS FEATURED CLOSING 44

45 HOTEL |

Ten-X.com January 2023

LISTINGS

J.B. Bruno | JLL | (973) 549-2022 | jb.bruno@am.jll.com | Lic# NJ 1863690 Kathleen Reynolds | JLL | (404) 995-2114 | katy.reynolds@am.jll.com | Lic# GA 279802 46 Broker Co-Op Available FEATURED LISTING STARTING BID $4,500,000 SIZE 219 Rooms BID ONLINE Jan 23-26 LEARN MORE www.10x.com/M022826-D Learn More 175 Park Avenue Florham Park, NJ

Ten-X.com January 2023 Financing Available Adam Montufar | Paramount Lodging Advisors | (312) 239-0166 | amontufar@paramountlodging.com | Lic# IL B62458000 Lora Simpson | Paramount Lodging Advisors | (515) 729-4516 | lsimpson@paramountlodging.com | Lic# IA S67179000 47 FEATURED | HOTEL LISTINGS FEATURED LISTING STARTING BID $3,750,000 SIZE 112 Rooms BID ONLINE Jan 30-Feb 1 LEARN MORE www.10x.com/M022912-D Learn More 1325 Dickinson Avenue Ames, IA

Patrick Kuhlman

Next Home NWA (479) 877-0184 patrick@nexthomenwa.com Lic# AR SA00074566

Jameson Kuykendall Ten-X (949) 383-5670 jkuykendall@ten-x.com

Leonardo Reilly Marcus & Millichap (305) 510-6755 leo.reilly@marcusmillichap.com Lic# FL SL3490194

Robert Hunter

Marcus & Millichap (954) 245-3473 robert.hunter@marcusmillichap.com Lic# FL SL3241692

48 Broker Co-Op Available BID ONLINE Jan 23-26 STARTING BID $2,100,000 SIZE 96 Rooms

LEARN MORE www.10x.com/M022817-D

301 45th Street Rogers, AR BID ONLINE Jan 23-26 STARTING BID $1,850,000 SIZE 86 Rooms

LEARN MORE www.10x.com/M022861-D

3216 Monroe Street Tallahassee, FL

Jan 23-26

Patrick Kuhlman

Next Home NWA (479) 877-0184 patrick@nexthomenwa.com Lic# AR SA00074566

Jameson Kuykendall

Ten-X (949) 383-5670 jkuykendall@ten-x.com

Financing Available 17 Ten-X.com January 2023 49

ONLINE

BID

STARTING BID $1,200,000 SIZE 76 Rooms LEARN MORE www.10x.com/M022816-D

911 Walton Blvd Bentonville, AR

PROPERTY TYPE Industrial LOCATION Midland, TX CLOSED Nov 2022 PAGE VIEWS 9,912 VAULT VIEWS 56 PURCHASE PRICE $6,646,250 SELLER Private Client BROKER RH Interests 81 DAYS MARKETED. SOLD. CLOSED. FEATURED CLOSING

51 INDUSTRIAL |

Ten-X.com January 2023

LISTINGS

7671 Liberty Drive Huntington Beach, CA FEATURED LISTING STARTING BID $3,000,000 SIZE 23,940 SF BID ONLINE Jan 23-25 LEARN MORE www.10x.com/M022810-D Roland Loelkes | eXp Commercial | (949) 274-6474 | roland.loelkes@expcommercial.com | Lic# CA 01349994 Josh Mehlberger | Ten-X | (949) 379-8633 | jmehlberger@ten-x.com 52 Broker Co-Op Available Learn More

1559 Main Street McCormick, SC FEATURED | INDUSTRIAL LISTINGS FEATURED LISTING STARTING BID $700,000 SIZE 130,000 SF BID ONLINE Jan 23-26 LEARN MORE www.10x.com/M022872-D Elliott Fayssoux | Cushman & Wakefield | (864) 370-8190 | elliott.fayssoux@thalhimer.com | Lic# SC 83949 Drew Kirkpatrick | Cushman & Wakefield | (803) 306-5767 | drew.kirkpatrick@cushwake.com | Lic# SC 114537 Ten-X.com January 2023 Financing Available 53 Learn More

LEARN MORE www.10x.com/M022840-D

Justin Harris

Cawley Chicago Commercial Real Estate (630) 234-8593 jharris@cawleychicago.com Lic# IL 475175605

Keisha Hartshorn Ten-X (212) 600-2560 khartshorn@ten-x.com

LEARN MORE www.10x.com/M022855-D

Brad Margolis NAI Farbman (248) 351-4367 bmargolis@farbman.com Lic# MI 6501371948

Casey Fashouer Ten-X (619) 330-5124 cfashouer@ten-x.com

54 Broker Co-Op Available BID ONLINE Jan 23-25

BID $600,000

50,281 SF

STARTING

SIZE

11173 - 11193 Dundee Road Huntley, IL BID ONLINE Jan 23-25 STARTING BID $250,000 SIZE 41,000 SF

6817 Dixie Highway Bridgeport,

BID ONLINE

Jan 23-26

Matthew Callander

Callander Commercial (269) 349-1000 mcallander@ccmichigan.com Lic# MI 6502431751

Amanda West

Ten-X (804) 956-0731 awest@ten-x.com

BID ONLINE

Sean O’Grady

Caliber Property Group (405) 236-2154 sean@seanogrady.com Lic# OK 170126

Carlos Silguero

Ten-X (909) 493-2579 csilguero@ten-x.com

Financing Available 17 Ten-X.com January 2023 55

$200,000 SIZE 33,000 SF LEARN MORE www.10x.com/M022910-D

STARTING BID

309 Prospect Street Sturgis, MI

$125,000 SIZE 7,660 SF LEARN MORE www.10x.com/M022815-D

Jan 23-26 STARTING BID

1042 SE 25th Street Oklahoma City, OK

PROPERTY TYPE Land LOCATION Frisco, TX CLOSED Nov 2022 PAGE VIEWS 13,693 VAULT VIEWS 63 PURCHASE PRICE $4,151,250 SELLER Private Client BROKER Weitzman 74 DAYS MARKETED. SOLD. CLOSED. FEATURED CLOSING 56

57 LAND |

Ten-X.com January 2023

LISTINGS

58 Broker Co-Op Available BID ONLINE Jan 23-26 STARTING BID $650,000 SIZE 68 Acres

MORE www.10x.com/M022881-D

Carter Road Lakeland, FL BID ONLINE Jan 23-26 STARTING BID $100,000 SIZE 8.07 Acres LEARN MORE www.10x.com/M022903-D

5804-5811 Birkenshaw Drive Loves Park, IL

LEARN

Jason Sasser CBRE (813) 273-8418 jason.sasser@cbre.com Lic# FL SL3230636 Andrea Delgado Ten-X (305) 503-2638 adelgado@ten-x.com

Reza Ghobadi Colliers (818) 325-4142 reza.ghobadi@colliers.com Lic# CA 01780045 John Arends Colliers Lic# IL 475197637

Financing Available 17 Ten-X.com January 2023 59

Index By Property Type

PROPERTY TYPE CITY STATE SIZE STARTING BID ADDRESS SALE DATE PAGE

Office Lansing MI 30,375 SF $1,300,000 200 S Washington Square Jan 23-25 18

Office Parsippany NJ 30,456 SF $1,200,000 140 Littleton Road Jan 23-26 19

Office Fort Lauderdale FL 8,712 SF $950,000 2161 E Commercial Blvd Jan 23-26 20

Office Trumbull CT 66,000 SF $900,000 101 Merritt Blvd Jan 23-26 20

Office Lexington NC 53,569 SF $750,000 7129 Old US Highway 52 Jan 23-25 21

Office Lewisville TX 5,658 SF $400,000 325 South Streetemmons Freeway Jan 30 - Feb 2 21

Office North Little Rock AR 13,478 SF $400,000 3201 Highway 161 Jan 23-26 22

Office Norwich CT 34,000 SF $350,000 101 Water Street Jan 23-26 23

Office Portland OR 6,555 SF $350,000 7025 N Lombard Street Jan 23-26 22

Office Raleigh NC 7,666 SF $350,000 817 New Bern Avenue Jan 23-26 23

Office Chesapeake VA 11,258 SF $300,000 4020 Raintree Road Jan 23-26 24

Office Baytown TX 22,076 SF $250,000 2000 Beaumont Road Jan 23-26 24

Office Atlanta GA 12,868 SF $250,000 426 Marietta Street NW Jan 23-26 24

Office Louisville CO 3,406 SF $200,000 1849 Cherry Street 1 Jan 23-26 25

Multifamily Grandview MO 104 Units $1,900,000 12322 3rd Street Jan 23-26 28

Multifamily Sierra Vista AZ 69 Units $1,600,000 201 W Fry Blvd Jan 23-26 29

Multifamily New York NY 5 Units $1,500,000 176 Delancey Street Jan 23-26 30

Multifamily Rockaway Park NY 10,000 SF $550,000 11120 & 11124 Rockaway Beach Blvd Jan 23-26 30

Multifamily South Park PA 64 Units $550,000 1400 Riggs Road Jan 23-26 31

Multifamily Belle Glade FL 35 Units $400,000 417 6th Street Jan 23-26 32

Multifamily Elizabeth PA 51 Units $400,000 145 Broadlawn Drive Jan 23-26 31

Multifamily Mount Pleasant MI 21 Units $400,000 410 W Cherry Street Jan 23-26 32

Multifamily Arverne NY 5 Units $150,000 6707 Beach Channel Drive Jan 23-26 32

Multifamily Ecorse MI 6 Units $50,000 4594 3rd Street Jan 23-25 33

Multifamily Binghamton NY 5 Units $50,000 5 Way Street Jan 23-26 33

Retail Amarillo TX 83,422 SF $1,300,000 8275 Amarillo Blvd Jan 30 - Feb 2 36

Retail Kalamazoo MI 4,300 SF $1,150,000 980 N 9th Street Jan 23-26 37

Retail Albany NY 12,300 SF $1,000,000 153 Central Avenuenue Jan 30 - Feb 2 38

Retail Omaha NE 95,590 SF $800,000 8005 Blondo Street Jan 23-26 38

Retail Comfort TX 7,556 SF $650,000 220 W FM 473 1-7 Jan 23-26 39

Retail Weatherford TX 6,174 SF $500,000 1910 S Main Street Jan 23-26 40

Retail Burbank CA 5,720 SF $500,000 1700 N San Fernando Blvd Jan 23-26 39

Retail Adrian MI 6,683 SF $500,000 1329 Main Street Jan 23-26 40

Retail Big Bear Lake CA 5,550 SF $450,000 39904 Big Bear Blvd Jan 23-26 41

PROPERTY TYPE CITY STATE SIZE STARTING BID ADDRESS SALE DATE PAGE

Retail Marshall TX 4,375 SF $300,000 1405 United Flight 93 Blvd Jan 23-26 41

Retail Port Washington WI 6,630 SF $300,000 551 N Wisconsin Street Jan 23-26 42

Retail Depew NY 2,481 SF $250,000 3106 Walden Avenue Jan 23-26 42

Retail White Lake MI 6,900 SF $250,000 9136 - 9140 Highland Road Jan 23-26 42

Hotel Florham Park NJ 219 Rooms $4,500,000 175 Park Avenue Jan 23-26 46

Hotel Ames IA 112 Rooms $3,750,000 1325 Dickinson Avenue Jan 30 - Feb 1 47

Hotel Rogers AR 96 Rooms $2,100,000 301 45th Street Jan 23-26 48

Hotel Tallahassee FL 86 Rooms $1,850,000 3216 Monroe Street Jan 23-26 48

Hotel Bentonville AR 76 Rooms $1,200,000 911 Walton Blvd Jan 23-26 49

Industrial Huntington Beach CA 23,940 SF $3,000,000 7671 Liberty Drive Jan 23-25 52

Industrial McCormick SC 130,000 SF $700,000 1559 Main Street Jan 23-26 53

Industrial Huntley IL 50,281 SF $600,000 11173 - 11193 Dundee Road Jan 23-25 54

Industrial Bridgeport MI 41,000 SF $250,000 6817 Dixie Highway Jan 23-25 54

Industrial Sturgis MI 33,000 SF $200,000 309 Prospect Street Jan 23-26 55

Industrial Oklahoma City OK 7,660 SF $125,000 1042 SE 25th Street Jan 23-26 55

Land Lakeland FL 68 Acres $650,000 Carter Road Jan 23-26 58

Land Loves Park IL 8.07 Acres $100,000 5804-5811 Birkenshaw Drive Jan 23-26 58

17 Ten-X.com January 2023 61

Index By Property State