FOR SALE FUTURE CHINATOWN DEVELOPMENT SITE NW 7th Ave

Transcription

1 FOR SALE FUTURE CHINATOWN DEVELOPMENT SITE NW 7th Ave S E

2 PROPERTY HIGHLIGHTS Located on NW 7th Ave Unique double exposure to I-95 and NW 7th Ave (FL State Road 441) Approx. 48,200 SF Signage or billboard opportunity for new development Two income producing structures & one vacant structure Surrounded by major national tenants Zoning - C1 (Planned Corridor Development Overlay) Amazing signage opportunity Two income producing structures & one vacant structure Previous maximum building height - 55ft Recently approved maximum building height - 200ft Property is located within the new proposed Chinatown Corridor (NW 7th Ave between 119th St and 135th St) Approved Maximum BuildingHeight Increase 200FT 200ft Daily Traffic Count 60,000+ Daily Traffic Count 250,000+

3 RENT ROLL ADDRESS TENANT F.E.I.N USAGE SQFT NW 7th Ave NW 7th Ave Adcraft Signs & Copy Center DBA Global Auto Repair NORTH MIAMI Sign Shop 2,100 $20, $1, $ $1, Automotive Repair 1,184 BASE RENT PER YEAR $33, Lease Term - Month to Month Basis BASE RENT PER MONTH SALES TAX TOTAL RENT PER MONTH $2, $ $3, mile distance to Miami International Airport 15 mile proximity to Ft Lauderdale International Airport 20 mile distance to Port of Miami All major bus and train systems run through North Miami One of the top Real Estate Markets to watch over the next 5 years Internationally recognized as a hub for Education, Film Production, and Contemporary Art Certified Silver Florida Green City Home to MOCA (Mueseum of Contemporary Art) North Miami MOCA

4 Daily Traffic Count 250, NW 7th Ave Daily Traffic Count 60,000+ S E

5 ECONOMICAL BENEFITS Produce an influx of jobs to the direct area Create international relationships through Chinese businesses being brought to the area Create a new core cultural market similar to what Little Havana has done for Miami Drive tourism Property values have already began to rise (8.6%) since the announcement of the planned development in The proposed increase to current building height limitations will attract a multitude of new businesses to the area such as tech and health industries. CHINATOWN RENDER

6 ZONING ANALYSIS Residential Zoning Up to 35 ft Commercial Zoning Up to 200 ft NW 7th Ave NW 7th Ave SUBJECT PROPERTY SUBJECT PROPERTY NW 7th Ave Chinatown Overview PDF CLICK HERE Maximum Height Residential Commercial Commercial 35 ft 55 ft 200 ft C1Commercial Maximum Lot Size - 10,000 SF Minimum Lot Width - 100ft Maximum Lot Coverage - 80% Setback Front - 15ft Minimum Setback Side - 10ft Minimum Setback Rear - 10ft

7 N W 7 t h Av e SURVEY NW 7th Ave NW 121st St SUBJECT PROPERTY

8 CHNIATOWN ANALYSIS San Fransisco New York Los Angeles Population - 15,000 Median Age Radius miles Livability Rating - 55 Population - 140,000 Median Age Size miles Livability Rating - 75 Population - 21,711 Median Age - 37 Size - +/- 1 mile Livability Rating - 63 Chicago Population - 48,487 Median Age Radius- 2 Miles Livability Rating - 62 STATISTICS Proposed Size of the area - Approx Acres Commercial Area along the NW 7th Avenue corridor, between NW 119th street and NW 135th street North Miami Population - Approx. 70,000 Median Age MIAMI CHINATOWN NW 7th AVe 119th St 141st ST PRPOSED PLAN Work simultaneously with the Chinatown Art & Innovation Zone Steering Committee, City Staff, elected officials, local businesses, and residents in the community to develop the site. Highlight opportunities that are available to NW 7th Avenue businesses & residents to improve quality of life To foster economic growth and spur redevelopment Attract new international businesses Create new jobs Establish design guidelines focused on Chinese motif and architectural elements NW 7th Ave

9 YNWOOD 10,000 Visitors per day during weekdays and 30,000 visitors per day during the weekend Most Citibike users in Miami.Over 15,000 Citibike Transactions between ,000 New Apartments 2,500 Parking Spaces 255k Commercial SF In Residential Developments OUR DISTRICTS 5,000 Visitors per day during weekdays and 20,000 visitors per day during the weekend 75 retail locations currently open along with 31 Top Luxury Brands set to open within the next 12 months MiMo 5,000 Visitors per day during weekdays and 15,000 visitors per day during the weekend 700,000 SF 100,000 SF Of Mixed Use Commercial Space 15 Chef Driven Restaraunts 65,000 Population Median Age 37 Of Mixed Use Commercial Space 75,000+ Vehicles Daily IDTOWN 7,500 Visitors per day during weekdays and 25,000 visitors per day during the weekend Top 10 weekend picks (via uber.com) 32,689 Population Median Age 32 1,200+ Newly Constructed Apartments TENANTS TENANTS TENANTS TENANTS

10 ABOUT CHARIFF Chariff Realty Group is a boutique real estate brokerage firm with full-service capabilities. We ve become a leader in the Greater Miami commercial real estate marketplace by emphasizing personalized service and custom solutions over transactional volume and scale. Through the vision of founder Lyle Chariff and Mauricio Zapata, Chariff Realty Group has been at the forefront of the revitalization of Miami s emerging neighborhoods, including the Biscayne Corridor, Miami Design District, Midtown, MiMo and Wynwood. Our passion is providing spot-on brokerage, investment and management expertise combined with unparalleled service. Our business model is consultative. Our goal is to understand and meet our client s needs and provide a level of expertise and counsel not found at impersonal, high transaction agencies. And since we are more than brokers, we can see opportunity where others don t. For example, we often advise clients who are long-time owners to get them the most from their property without selling by utilizing management services. We focus on closing the right deals in our core markets and never deviate. Trained by owners to think like owners, we re straight talkers who will work aggressively on your behalf and not waste your time. OUR INDUSTRY KNOWLEDGE As the undisputed sales leader in the Miami Design District with over 600k square feet of building space sold at an aggregated value of $460M over the past 3 years, our local experience and sizable share of market in emerging Miami neighborhoods give us a strong competitive advantage. We know the people, culture and trajectory of real estate in each, and gather new information directly from our local contacts before it becomes news. Having inside information allows us to identify the best opportunities on behalf of our clients. Lyle Chariff Lyle Chariff was born and raised in Miami and is a recognized real estate leader and visionary. He has endless local connections and a deep understanding of the Miami real estate marketplace. A straight-talker and people person, Lyle has the ability to easily connect with clients while aggressively working on their behalf to close deals. Mauricio Zapata Mauricio Zapata was born in Colombia, South America. With a strong financial and real estate background, Mauricio brings logic, structure and business savvy to the team. He combines the unique ability to identify hidden opportunities with a strong attention to detail to wrap up loose-ends and aggressively bring deals to the finish line.

11 Mauricio Zapata Broker/Prinicipal Lyle Chariff Broker/President chariffrealty 5801 BISCAYNE BOULEVARD MIAMI, FL 33137