Ludlam Professional Building 6583 SW 39th Ter, Miami, FL 33155

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1 Ludlam Professional Building 6583 SW 39th Ter, Miami, FL Manny Chamizo ONE Sotheby s 1430 S Dixie Hwy,Coral Gables, FL FLACommercial@gmail.com (786)

Ludlam Professional Building $1,500,000 ONE Sotheby's is proud to represent the Ludlam Professional Buildings located just off Bird Road and directly on 67th Ave (Ludlam Rd).

This building interconnects with 6583 SW 39th Terr (Building #2) which is a 1,934 Sq Ft building on a 5,250 Sq. Ft. lot.

2 Ludlam Professional Building $1,500,000 ONE Sotheby's is proud to represent the Ludlam Professional Buildings located just off Bird Road and directly on 67th Ave (Ludlam Rd). The subject property consists of 2 CBS Office / Retail Buildings Zoned RU1. The 3911 SW 67th Ave (Building #1) facing 67th Ave is a 1,657 Sq Ft Office building on a 5,775 Sq Ft lot. This building interconnects with 6583 SW 39th Terr (Building #2) which is a 1,934 Sq Ft building on a 5,250 Sq. Ft. lot. Building #1 has been updated including a New Roof as of October 2018 with a 20 Year warranty and is currently occupied by a tenant until November Building #2 is occupied by seller and can be delivered vacant. Property is ideally suited for an Owner-User or a User with an Investment component. NOTE: Buildings are larger than on Tax Roll total of both structures are approx 4,250 Sq. Ft. combined Price: $1,500,000 Property Type: Office Property Sub-type: Medical Building Class: C Sale Type: Investment Lot Size: 0.13 AC ONE Sotheby's is proud to represent the Ludlam Professional Building located just off Bird Road and directly on 67th Ave (Ludlam Rd). The subject property consists of 2 CBS Office / Retail Buildings Zoned RU1. The 3911 SW 67th Ave (Building #1) facing 67th Ave is a 1,657 Sq Ft Office building on a 5,775 Sq Ft lot. This building interconnects with 6583 SW 39th Terr (Building #2) which is a 1,934 Sq Ft building on a 5,250 Sq. Ft. lot. Building #1 has been updated including a New Roof as of October 2018 with a 20 Year warranty and is currently occupied by a tenant until November Building #2 is occupied by seller and can be delivered vacant. Property is ideally suited for an Owner-User or a User with an Investment component.note: Buildings are larger than on Tax Roll total of both structures are approx 4,250 Sq. Ft. combined Ideally Located off Bird Road and directly on 67th Ave (Ludlam Rd). New 2018 Roof Redevelopment Opportunity with a combined Lot size of 11,025 sq ft Rentable Building Area: Rentable Building Area: 2,239 SF 4,287 SF No. Stories: 1 Year Built: 1950 Tenancy: Parking Ratio: Zoning Description: Multiple 1.87/1,000 SF RU-1 APN / Parcel ID: Walk Score : 83 (Very Walkable)

3 Major Tenant Information Tenant SF Occupied Lease Expired Shine Bright Therapy 1,657 November 2019

4 6583 SW 39th Ter, Miami, FL 33155

5 Property Photos Plat Map Plat Map

6 9/13/2018 CoStar Property 3911 SW 67th Ave Miami, FL West Miami Submarket Fully Leased Building 1,657 SF Class C Office Building Built in 1950 Sale Sold Price $293,009 ($176.83/SF) - Part of Portfolio Date Jun 2004 Properties 2 Financing 1st Mortgage: Not Available,Bal/Pmt: $619,055/- Building Type RBA 1,657 SF Stories 1 Typical Floor 1,657 SF Class C Construction Masonry Land Acres 0.13 AC Bldg FAR 0.29 Bus Line 2 Star Office CoStar Est. Rent $26-31/fs (Office) Parking Taxes $2.46/SF (2017) Signage Year Built 1950 Tenancy Multi Owner Occup No Elevators None 8 free Surface Spaces are available; Ratio of 4.83/1,000 SF Walk Score Very Walkable (83) Transit Score Some Transit (34) Land Zoning RU-1 Parcel Tenants Name Land SF 5,775 SF SF Occupied Shine Bright Therapy - Amenities Public Transportation Commuter Rail Drive Distance Miami Airport Commuter Rail (Tri-County Commuter) 17 min 10.0 mi Airport Drive Distance Miami International Airport 21 min 7.6 mi Fort Lauderdale Hollywood International Airport 44 min 33.7 mi Market Conditions Vacancy Rates Current YOY Change Subject Property 0.0% 0.0% Submarket 1-3 Star 1.2% 0.5% Market Overall 8.6% 0.4% Market Rent Per SF Submarket 1-3 Star $ % Market Overall $ % Submarket Leasing Activity 12 Mo. Leased SF 27, % Months on Market mo Submarket Sales Activity Current Prev Year 12 Mo. Sales Volume (Mil.) $7.9 $ Mo. Price Per SF $338 $318 Property Contacts Recorded Owner Quota Share Holdings Inc Assessment 2017 Assessment Improvements Land Total Value $99,330 $131,092 $230,422 $59.95/SF $22.70/SF $39.90/SF 79% of last sale Demographics 1 Mi 3 Mi Population 17, ,170 Households 6,565 59,607 Average Age Median HH Income $61,780 $57,842 Daytime Employees 16, ,460 Population Growth '18-'23 3.1% 3.0% Household Growth '18-'23 3.1% 2.8% Traffic Collection Street Cross Street Traffic Vol Year Distance SW 67th Ave SW 43rd St S 23, mi SW 72nd Ave SW 42nd Ter S 22, mi SW 40th St SW 73rd Ct W 43, mi SW 67th Ave SW 26th St S 25, mi SW 40th St SW 58th Ave E 55, mi Location Made with TrafficMetrix Products Zip Submarket West Miami Submarket Cluster West Miami Market South Florida County Miami/Dade State Florida CBSA Miami-Miami Beach-Kendall, FL DMA Miami-Ft Lauderdale, FL Property ID: /3

7 9/13/2018 CoStar Property Building Images Primary Photo Building Photo Building Photo Building Photo Building Photo Plat Map 2/3

8 9/13/2018 CoStar Property Plat Map West Miami Office Submarket Map Miami-Dade Central County Office Market Map South Florida Office Submarket Overview Map South Florida Office Market Overview Map 3/3

9 9/19/2018 Property Search Application - Miami-Dade County Summary Report Generated On : 9/19/2018 Property Information Folio: Property Address: 3911 SW 67 AVE Miami, FL Owner Mailing Address PA Primary Zone Primary Land Use Beds / Baths / Half 0 / 0 / 0 Floors 1 Living Units 0 Actual Area Living Area Adjusted Area Lot Size QUOTA SHARE HOLDINGS INC 3911 SW 67 AVE MIAMI, FL SINGLE FAMILY - GENERAL 2413 INSURANCE COMPANY : OFFICE BUILDING Sq.Ft Sq.Ft Year Built 1950 Assessment Information 1,657 Sq.Ft 5,775 Sq.Ft Year Land Value $131,092 $131,092 $131,092 Building Value $92,320 $92,975 $89,172 XF Value $6,273 $6,355 $6,436 Market Value $229,685 $230,422 $226,700 Assessed Value $229,685 $230,422 $211,112 Benefits Information Benefit Type Non-Homestead Cap Assessment Reduction $15,588 Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). Short Legal Description CENTRAL MIAMI PART 2 PB LOT 24 LESS W5FT BLK 41 LOT SIZE X 105 OR (2) Taxable Value Information County Taxable Value $229,685 $230,422 $211,112 School Board Taxable Value $229,685 $230,422 $226,700 City Taxable Value $0 $0 $0 Regional Taxable Value $229,685 $230,422 $211,112 Sales Information Previous Sale Price OR Book- Page 06/01/2004 $635, /01/1992 $400, Aerial Photography 200ft Qualification Description Deeds that include more than one parcel Deeds that include more than one parcel 12/01/1981 $75, Sales which are qualified The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiser and Miami-Dade County assumes no liability, see full disclaimer and User Agreement at Version: 1/1

9/19/2018 Property Search Application - Miami-Dade County Summary Report Generated On : 9/19/2018 Property Information Folio: 30-4013-019-2990 Property Address: 6583 SW 39 TER Miami, FL 33155-4821

MIAMI, FL 33155 0100 SINGLE FAMILY - GENERAL 1713 OFFICE BUILDING - ONE STORY : OFFICE BUILDING Sq.Ft Sq.Ft Year Built 1948 Assessment Information 1,934 Sq.Ft 5,250 Sq.

$244,716 $233,146 Benefits Information Benefit Type 2018 2017 2016 Non-Homestead Cap Assessment Reduction $8,114 Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional).

000 X 105 OR 15752-2794 1292 2 (2) COC 22428-2538 06 2004 2 Taxable Value Information County 2018 2017 2016 Taxable Value $242,815 $244,716 $233,146 School Board Taxable Value $242,815 $244,716

10 9/19/2018 Property Search Application - Miami-Dade County Summary Report Generated On : 9/19/2018 Property Information Folio: Property Address: 6583 SW 39 TER Miami, FL Owner Mailing Address PA Primary Zone Primary Land Use Beds / Baths / Half 0 / 0 / 0 Floors 1 Living Units 0 Actual Area Living Area Adjusted Area Lot Size QUOTA SHARE HOLDINGS INC 4075 SW 83 AVE MIAMI, FL SINGLE FAMILY - GENERAL 1713 OFFICE BUILDING - ONE STORY : OFFICE BUILDING Sq.Ft Sq.Ft Year Built 1948 Assessment Information 1,934 Sq.Ft 5,250 Sq.Ft Year Land Value $127,575 $127,575 $127,575 Building Value $108,927 $110,742 $107,198 XF Value $6,313 $6,399 $6,487 Market Value $242,815 $244,716 $241,260 Assessed Value $242,815 $244,716 $233,146 Benefits Information Benefit Type Non-Homestead Cap Assessment Reduction $8,114 Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). Short Legal Description CENTRAL MIAMI PART 2 PB LOT 23 BLK 41 LOT SIZE X 105 OR (2) COC Taxable Value Information County Taxable Value $242,815 $244,716 $233,146 School Board Taxable Value $242,815 $244,716 $241,260 City Taxable Value $0 $0 $0 Regional Taxable Value $242,815 $244,716 $233,146 Sales Information Previous Sale Price OR Book- Page 06/01/2004 $635, /01/1992 $400, Aerial Photography 200ft Qualification Description Deeds that include more than one parcel Deeds that include more than one parcel 08/01/1992 $129, Sales which are qualified 01/01/1980 $38, Sales which are qualified The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiser and Miami-Dade County assumes no liability, see full disclaimer and User Agreement at Version: 1/1

C i t y o f C o r a l G a b l e s P l a n n i n g a n d Z o n i n g S t a f f R e p o r t

C i t y o f C o r a l G a b l e s P l a n n i n g a n d Z o n i n g S t a f f R e p o r t Applicant: Application: Property: Mario Garcia-Serra Variance 944 Lugo Avenue BA-17-09-1073 Legal Description: