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2020 SYMPOSIUM
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2020 SYMPOSIUM
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2020 SYMPOSIUM
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Company Stats LAST 3 YEARS STNL
Multi-Tenant
Totals
Year
# of Trans
Total Value
# of Trans
Total Value
# of Trans
Value
2017
42
$112,651,327
21
$184,605,892
63
$297,257,219
2018
41
$101,240,201
21
$74,439,500
62
$175,679,701
2019
48
$136,757,996
31
$106,672,000
79
$243,429,996
25
$97,008,899
Under Contract/In Negotiation
16 More Transactions, $50 Million Less More Transactions, Smaller Dollar Amount
2020 SYMPOSIUM
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STNL Transactions - 2019 IN TEXAS
498 Criteria: • Single-Tenant Retail in Texas • Sale Date: 1/1/2019-12/31/2019 • Investment Properties • In 2018 there were 522 trades
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Transactions Per Region STNL
DFW 194 (38.96%)
WEST TEXAS 38 (7.63%)
CENTRAL 27 (5.42%)
EAST TEXAS 27 (5.42%)
AUSTIN 2018
2019
DFW
166
194
Houston
138
100
Austin
41
32
San Antonio
54
46
VALLEY
East
31
27
34 (6.83%)
West
48
38
Central
19
27
Valley
25
34
32 (6.43%)
SA 46 (9.24%)
HOUSTON 100 (20.08%)
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Buyers’ Location STNL WA 9 (1.78%)
NY 12 (2.37%)
PA
IL
NV 9 (1.78%)
CA 129 (26.04%)
CO
MO
3 (0.59%)
NM 3 (0.59%)
9 (1.78%)
3 (0.59%)
OK
3 (0.59%)
OH 3 (0.59%)
NJ 6 (1.18%)
MD 3 (0.59%)
TN 6 (1.18%)
6 (1.18%)
TX 267 (53.85%)
IN
3 (0.59%)
LA 3 (0.59%)
FL 21 (4.14%)
2020 SYMPOSIUM
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MT Transactions - 2019 IN TEXAS
312 Criteria: • Multi-Tenant Retail in Texas • Sale Date: 1/1/2019-12/31/2019 • Size: 5,000+ sq ft • Sale Price: $400,000+ • Exclude Bulk Portfolio Sales • In 2018 there were 298 trades
2020 SYMPOSIUM
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Transactions Per Region MULTI-TENANT
DFW 111 (35.58%)
WEST TEXAS 18 (5.77%)
CENTRAL 9 (2.88%)
EAST TEXAS EAST TEXAS 19 (5.19%) 9 (2.88%)
AUSTIN 33 (10.58%)
SA 28 (8.97%)
VALLEY 18 (5.77%)
HOUSTON 86 (27.56%)
2018
2019
DFW
105
111
Houston
92
86
Austin
22
33
San Antonio
19
28
East
12
9
West
21
18
Central
12
9
Valley
15
18
2020 SYMPOSIUM
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Buyers’ Location MULTI-TENANT WA 1 (0.32%)
MT ID
1 (0.32%)
NY
MI
1 (0.32%)
2 (0.64%)
2 (0.64%)
MO
CA
IL
OH
7 (2.24%)
2 (0.64%)
2 (0.64%)
MD 3 (0.96%)
2 (0.64%)
30 (9.62%)
RI
AZ 2 (0.64%)
TX 248 (79.49%)
AL
GA
7 (2.24%)
2 (0.64%)
2020 SYMPOSIUM
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2020 SYMPOSIUM
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Multi-Tenant Type TRANSACTIONS IN HOUSTON
2018
2019
DELTA
92
86
(6)
$5,553,571
$6,732,432
$1,178,861
Ave Cap Rate
7.62%
7.61%
(0.01%)
Ave Cap Rate at List
7.16%
6.82%
(0.34%)
Delta (List to Sell)
0.46%
0.79%
Ave PSF
$221.40
$231.81
$10.41
Ave Rent PSF
$18.81
$21.23
$2.42
Occupancy
89.07%
92.15%
3.08%
No. of Transactions Ave Price
2020 SYMPOSIUM
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STNL Type TRANSACTIONS IN HOUSTON
2018
2019
DELTA
138
100
(37)
$2,961,502
$3,508,209
$546,707
Ave Cap Rate
6.27%
6.32%
(0.05%)
Ave Cap Rate at List
5.90%
6.01%
0.11%
Delta (List to Sell)
0.37%
0.31%
Ave PSF
$488.82
$479.80
($9.02)
Ave Rent PSF
$30.32
$31.31
$0.99
No. of Transactions Ave Price
2020 SYMPOSIUM
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Multi-Tenant Type TRANSACTIONS IN AUSTIN/SAN ANTONIO
2018
2019
DELTA
41
61
20
$5,675,573
$8,211,432
$2,535,859
Ave Cap Rate
6.82%
7.04%
0.22%
Ave Cap Rate at List
6.56%
6.58%
0.02%
Delta (List to Sell)
0.26%
0.46%
Ave PSF
$278.85
$263.43
($15.42)
Ave Rent PSF
$24.41
$23.43
($0.98)
Occupancy
93.45%
95.86%
2.41%
No. of Transactions Ave Price
2020 SYMPOSIUM
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STNL Type TRANSACTIONS IN AUSTIN/SAN ANTONIO
2018
2019
DELTA
95
78
(17)
$2,756,202
$3,109,763
$353,561
Ave Cap Rate
6.50%
6.46%
0.04%
Ave Cap Rate at List
6.04%
6.01%
(0.03%)
Delta (List to Sell)
0.46%
0.45%
Ave PSF
$499.43
$478.55
($20.88)
Ave Rent PSF
$29.30
$30.22
$0.92
No. of Transactions Ave Price
2020 SYMPOSIUM
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Multi-Tenant Type TRANSACTIONS IN DFW
2018
2019
DELTA
105
111
6
$6,903,393
$8,226,248
$1,322,855
Ave Cap Rate
7.48%
7.24%
(0.24%)
Ave Cap Rate at List
6.93%
6.84%
(0.09%)
Delta (List to Sell)
0.55%
0.40%
Ave PSF
$262.17
$309.18
$47.01
Ave Rent PSF
$18.46
$22.67
$4.21
Occupancy
93.54%
94.00%
0.46%
No. of Transactions Ave Price
2020 SYMPOSIUM
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STNL Type TRANSACTIONS IN DFW
2018
2019
DELTA
166
194
28
$3,173,413
$3,610,840
$437,427
Ave Cap Rate
6.09%
6.12%
0.03%
Ave Cap Rate at List
5.86%
5.87%
0.01%
Delta (List to Sell)
0.23%
0.25%
Ave PSF
$558.61
$582.43
$23.82
Ave Rent PSF
$32.12
$32.93
$0.81
No. of Transactions Ave Price
2020 SYMPOSIUM
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• • • •
STNL Type TRANSACTIONS IN TEXAS STNL Type Auto Parts
Banks
Dollar Stores
Drug Stores
Fast Food
Restaurants
Year
Location Term Guarantor Fundamentals CAP
2017
6.15%
2018
6.50%
2019
6.19%
2017
5.58%
2018
5.57%
2019
6.08%
2017
6.95%
2018
7.07%
2019
7.21%
2017
6.60%
2018
5.76%
2019
6.36%
2017
5.74%
2018
5.95%
2019
5.81%
2017
6.33%
2018
6.50%
2019
6.42%
2020 SYMPOSIUM
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2020 SYMPOSIUM
Not to be a success, but to be of Value — Albert Einstein
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2020 SYMPOSIUM
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