CORONADO AT DORAL A RESIDENTIAL INVESTMENT OPPORTUNITY HERZ DUPOND REAL ESTATE GROUP

Transcription

1 CORONADO AT DORAL A RESIDENTIAL INVESTMENT OPPORTUNITY PRESENTED BY HERZ DUPOND REAL ESTATE GROUP WOLFGANG HERZ RICARDO DUPOND PRESIDENT COMMERCIAL DIVISION MANAGER COMMERCIAL DIVISION wh@fir.com rd@fir.com

2 CONFIDENTIAL AGREEMENT/NDA The recepient of this information, herein known as PROSPECT, acknowledges and agrees that PROSPECT approached Herz Dupond Real Estate Group/Fortune International Realty ( BROKER), and that BROKER was the first to advise them of the availability and details concerning the following business and/or real property opportunity: CORONADO AT DORAL LISTING NUMBER BUSINESS DESCRIPTION: 1. PROSPECT understands and agrees that all dealings concerning the opportunity above will be handled through BROKER and that BROKER has entered into agreements with Sellers for the payment of commissions. BROKER will furnish to PROSPECT certain proprietary information relating to the various operations, properties, personnel, financial and other matters which are non-public, confidential or proprietary in nature and are hereinafter referred to as Proprietary Information. The Proprietary Information will be kept confidential and shall not, without the prior written consent of BROKER, be disclosed by PROSPECT or its agents, representatives or employees, in any manner whatsoever, in whole or in part, and shall not be used by PROSPECT, its agents, representatives or employees, other than in connection with the purchase of one of the opportunities described above. PROSPECT shall be fully responsible for any breach of this Agreement by itself, its agents, representatives or employees. The Proprietary Information (including any copies thereof), will be returned to BROKER immediately upon BROKER S request. PROSPECT agrees that it shall not retain any copies of the Proprietary Information supplied pursuant to the terms and conditions of this Agreement. 2. Any and all information provided to PROSPECT is provided for informational purposes only. BROKER does not make any representations and/or warranties as to the accuracy of the information provided and that PROSPECT is to make his or her own independent evaluation of the opportunities described above. PROSPECT acknowledges that BROKER has advised PROSPECT to seek independent professional advice in the review and evaluation of the information provided and that PROSPECT should seek the advice of an attorney and/or certified public accountant. PROSPECT agrees not to use information provided to compete against the Seller. 3. In the event PROSPECT discloses the availability of said designated opportunities to a third party who purchases a business without BROKER assistance, then PROSPECT, in addition to the remedies specified herein, is also responsible for payment of BROKER S compensation which would have been paid on the listed selling price or minimum compensation, whichever is greater. 4. For two years from the date of this Agreement, PROSPECT agrees not to deal directly or indirectly with the Seller s of the opportunities listed above without the prior written consent of BROKER. If PROSPECT enters into a sale and/or purchase agreement, a management contract or other financial arrangement with a Seller of an opportunity, including a leasing of the business premises from the Seller or its Landlord is consummated, PROSPECT shall be liable for any and all damages BROKER may suffer, including but not limited to the Seller s commission payable on the sales price or minimum commission due under the Listing Agreement with Seller, whichever is greater and, any commission due on the lease agreement negotiated with the Landlord. PROSPECT agrees and does hereby appoint BROKER its attorney in fact to execute all documents necessary to place a lien on the business assets to collect its compensation, and this Agreement shall be the consent to do so as required by Florida Statute This Contract shall be governed by the laws of the state of Florida. Any breach of this Agreement shall result in the prevailing party being entitled to receive from the other party all of its reasonable attorneys fees, costs, and expenses incurred at both the trial and appellate levels. The parties hereby consent to personal jurisdiction and venue, for any action arising out of a breach or threatened breach of this Agreement in the Circuit Court in and for Miami Dade County, Florida. The parties hereby agree that any controversy which may arise under this Agreement would involve complicated and difficult factual and legal issues. Therefore, any action brought by either party, alone or in combination with others, whether arising out of this Agreement or otherwise, shall be determined by a Judge sitting without a jury. 6. The Seller is the intended beneficiary of all covenants of PROSPECT which benefit the Seller, including without limitation the covenants concerning the use of information disclosed to PROSPECT, and a Seller may bring an action to enforce such covenants. PROSPECT represents and warrants to BROKER that PROSPECT does not represent a third party, governmental agency or competitor of the business, nor is PROSPECT employed by a competitor and the sole purpose for receiving any information regarding a business is to purchase said business. PROSPECT acknowledges receiving a copy of this Agreement and a facsimile copy with signatures shall be considered as original. PROSPECT Signature Date PROSPECT NAME PROSPECT PHONE # BROKER/AGENT INFORMATION Fortune International Realty PHONE : (305) RD@FIR.COM 2666 Brickell Avenue, MIAMI,FL, WOLFGANG HERZ & RICARDO DUPOND HERZ DUPOND REAL ESTATE GROUP FORTUNE INTERNATIONAL REALTY INFO@WHMIAMI.COM

3 INVESTMENT SUMMARY RESIDENTIAL BULK OPPORTUNITY 14 Residential Units 100% OCCUPANCY PROPERTY FEATURES PROPERTY ADDRESS 8900 NW 107th Ct. Doral, Florida PROPERTY TYPE Residential Condo / Townhouse UNITS 14 Folios (per Miami Dade Tax Roll) are for sale as part of this offering. All folios are leased. CONDO TYPE 3 Bed / 2 Bath ( 6 units) CONDO TYPE 3 Bed / 2.5 Bath (8 units) CONDO SIZE RANGE 1,207-1,313 SF TOTAL UNITS IN PROJECT 327 LOWEST PRICED UNIT ON THE MARKET $260,000 HIGHEST PRICED UNIT ON THE MARKET $349,000 AVERAGE PRICE PER UNIT ON PACKAGE $300,000 YEAR BUILT TOTAL 17,452 SF TOTAL NOI $181,908 ASKING PRICE $4,250,000 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by our principals.

4 OVERVIEW: Coronado at Doral Coronado at Doral is a multifamily project built between the years of The project consists of 327 condominiums and townhomes divided in twelve 2 story buildings. The property is convenient located in the intersection of 107th Ct and 89th Street in Doral, Florida. FIR is exclusively offering 14 folio # s for sale representing approximately 17,452 SF. This offering is an excellent opportunity for a bulk investor to purchase well sized units, all rented and receive positive cash flow. All these units were renovated in 2011 with new flooring, new kitchen appliances. WOLFGANG HERZ & RICARDO DUPOND HERZ DUPOND REAL ESTATE GROUP FORTUNE INTERNATIONAL REALTY INFO@WHMIAMI.COM

5 PROPERTY FLOORPLAN/PICTURES No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by our principals.

6 PROPERTY FLOORPLAN/PICTURES WOLFGANG HERZ & RICARDO DUPOND HERZ DUPOND REAL ESTATE GROUP FORTUNE INTERNATIONAL REALTY

7 NEIGHBORHOOD MAP DORAL LEGACY NW 82nd Street and NW 114th Avenue NW 114th Avenue park is conceived as a place in which the community can gather to enjoy sports, cultural arts, and nature in a safe environment that is representative of the beautiful city of Doral. The park is encompassed 18+ acres in the section 7 area of Doral. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by our principals.

8 DORAL,FL Doral, incorporated on June 24, 2003, in one of thirty-four municipalities in Miami-Dade County, Florida. Conveniently located just one mile from Miami International Airport and twelve miles from Downtown Miami Doral is home to approximately 50,213 residents and regularly hosts in excess of 100,000 people who work within the City. The City of Doral occupies a land area of 15 square miles bordered on the west by the Ronald Reagan Turnpike, to the north by the Town of Medley, to the east by the Palmetto Expressway and to the South by the City of Sweetwater. From 2010 to 2013 Doral welcomed almost 6,000 new residents, a gain of more than 14% Young and thriving community. Most people concentrated in age ranges of 0-14 and Married couples with children. Average Household Income of more than $89k. 4.4% unemployment rate, over a full percentage point lower than the statewide rate. Major National Corporations with Headquarters in Doral, Florida Over 150,000 employees come to work to Doral everyday. Home to the most Fortune 500 companies in Dade County and government headquarters such as: Carnival Cruise Line and Carnival Corporation & plc Benihana Perry Ellis International SEARS Federal Reserve Bank Univision Gold Coast Beverages Wal-mart Brinks Inc Amadeus Doral Trump Golf Resort and Spa (Home to the Cadillac PGA Tournament) WOLFGANG HERZ & RICARDO DUPOND HERZ DUPOND REAL ESTATE GROUP FORTUNE INTERNATIONAL REALTY INFO@WHMIAMI.COM

9 DEMOGRAPHICS Population 1-mi. 3-mi. 5-mi Male Population 4,684 47, , Female Population 5,063 50, ,622 % 2015 Male Population 48.06% 48.15% 48.60% % 2015 Female Population 51.94% 51.85% 51.40% 2015 Total Population: Adult 6,937 73, , Total Daytime Population 20, , , Total Employees 15,177 51, , Total Population: Median Age Total Population: Adult Median Age Total population: Under 5 years 800 6,433 13, Total population: 5 to 9 years 847 6,948 13, Total population: 10 to 14 years 768 6,970 14, Total population: 15 to 19 years 755 6,443 14, Total population: 20 to 24 years 568 6,110 15, Total population: 25 to 29 years 729 6,373 15, Total population: 30 to 34 years 879 7,000 14, Total population: 35 to 39 years 953 8,227 17, Total population: 40 to 44 years 896 8,823 19, Total population: 45 to 49 years 684 8,235 19, Total population: 50 to 54 years 491 6,638 16, Total population: 55 to 59 years 331 5,189 13,531 Doral Bulk Package NW 89 ST, Doral, FL Population (Cont.) 1-mi. 3-mi. 5-mi Total population: 60 to 64 years 258 4,326 11, Total population: 65 to 69 years 227 3,532 10, Total population: 70 to 74 years 182 2,535 8, Total population: 75 to 79 years 220 1,864 6, Total population: 80 to 84 years 93 1,171 4, Total population: 85 years and over 66 1,043 4,580 % 2015 Total population: Under 5 years 8.21% 6.57% 5.57% % 2015 Total population: 5 to 9 years 8.69% 7.10% 5.90% % 2015 Total population: 10 to 14 years 7.88% 7.12% 6.00% % 2015 Total population: 15 to 19 years 7.75% 6.58% 6.01% No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by our principals.

10 % 2015 Total population: 20 to 24 years 5.83% 6.24% 6.53% % 2015 Total population: 25 to 29 years 7.48% 6.51% 6.44% % 2015 Total population: 30 to 34 years 9.02% 7.15% 6.38% % 2015 Total population: 35 to 39 years 9.78% 8.41% 7.39% % 2015 Total population: 40 to 44 years 9.19% 9.02% 8.31% % 2015 Total population: 45 to 49 years 7.02% 8.42% 8.31% % 2015 Total population: 50 to 54 years 5.04% 6.78% 7.10% % 2015 Total population: 55 to 59 years 3.40% 5.30% 5.77% % 2015 Total population: 60 to 64 years 2.65% 4.42% 5.03% % 2015 Total population: 65 to 69 years 2.33% 3.61% 4.43% % 2015 Total population: 70 to 74 years 1.87% 2.59% 3.79% Doral Bulk Package NW 89 ST, Doral, FL Population (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Total population: 75 to 79 years 2.26% 1.90% 2.96% % 2015 Total population: 80 to 84 years 0.95% 1.20% 2.13% % 2015 Total population: 85 years and 0.68% 1.07% 1.95% over 2015 White alone 8,796 88, , Black or African American alone 205 2,303 7, American Indian and Alaska Native alone 2015 Asian alone 224 1,996 3, Native Hawaiian and OPI alone Some Other Race alone 359 3,054 6, Two or More Races alone 143 1,827 4, Hispanic 8,306 86, , Not Hispanic 1,441 11,637 24,791 % 2015 White alone 90.24% 90.48% 90.91% % 2015 Black or African American alone 2.10% 2.35% 3.10% % 2015 American Indian and Alaska 0.19% 0.13% 0.12% Native alone % 2015 Asian alone 2.30% 2.04% 1.37% % 2015 Native Hawaiian and OPI alone 0.01% 0.01% 0.01% % 2015 Some Other Race alone 3.68% 3.12% 2.67% % 2015 Two or More Races alone 1.47% 1.87% 1.81% % 2015 Hispanic 85.22% 88.11% 89.44% % 2015 Not Hispanic 14.78% 11.89% 10.56% Doral Bulk Package WOLFGANG HERZ & RICARDO DUPOND HERZ DUPOND REAL ESTATE GROUP FORTUNE INTERNATIONAL REALTY INFO@WHMIAMI.COM

11 10750 NW 89 ST, Doral, FL Population (Cont.) 1-mi. 3-mi. 5-mi Not Hispanic: White alone 29 7,347 21, Not Hispanic: Black or African 6 1,834 3,827 American alone 2015 Not Hispanic: American Indian and n/a Alaska Native alone 2015 Not Hispanic: Asian alone , Not Hispanic: Native Hawaiian and n/a 1 5 OPI alone 2015 Not Hispanic: Some Other Race n/a alone 2015 Not Hispanic: Two or More Races % 2015 Not Hispanic: White alone 22.14% 12.06% 11.58% % 2015 Not Hispanic: Black or African 4.58% 3.01% 2.04% American alone % 2015 Not Hispanic: American Indian 0.00% 0.04% 0.04% and Alaska Native alone % 2015 Not Hispanic: Asian alone 3.82% 1.56% 1.14% % 2015 Not Hispanic: Native Hawaiian 0.00% 0.00% 0.00% and OPI alone % 2015 Not Hispanic: Some Other Race 0.00% 0.08% 0.05% alone % 2015 Not Hispanic: Two or More Races 2.29% 0.57% 0.43% Population Change 1-mi. 3-mi. 5-mi. Total: Employees (NAICS) n/a n/a n/a Total: Establishements (NAICS) n/a n/a n/a Doral Bulk Package NW 89 ST, Doral, FL Population Change (Cont.) 1-mi. 3-mi. 5-mi Total Population 9,747 97, , Households 2,951 29,201 72,179 Population Change ,255 12,634 21,053 Household Change ,027 2,885 4,244 % Population Change % 14.82% 9.86% % Household Change % 10.96% 6.25% Population Change ,616 36,945 46,794 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by our principals.

12 Household Change ,898 11,254 13,047 % Population Change 2000 to ,340.46% 60.65% 24.91% % Household Change 2000 to ,467.92% 62.71% 22.06% Housing 1-mi. 3-mi. 5-mi Housing Units 78 19,721 62, Occupied Housing Units 53 17,947 59, Owner Occupied Housing Units 40 12,747 34, Renter Occupied Housing Units 13 5,200 24, Vacant Housings Units 25 1,763 3,024 % 2015 Occupied Housing Units 67.95% 91.00% 95.15% Doral Bulk Package NW 89 ST, Doral, FL Housing (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Owner occupied housing units 75.47% 71.03% 58.37% % 2015 Renter occupied housing units 24.53% 28.97% 41.63% % 2000 Vacant housing units 32.05% 8.94% 4.87% Income 1-mi. 3-mi. 5-mi Household Income: Median $55,528 $53,185 $43, Household Income: Average $76,051 $73,971 $60, Per Capita Income $23,025 $22,128 $18, Household income: Less than 302 2,033 7,040 $10, Household income: $10,000 to 78 1,144 4,362 $14, Household income: $15,000 to 124 1,483 5,137 $19, Household income: $20,000 to 110 1,670 4,998 $24, Household income: $25,000 to 134 1,322 3,878 $29, Household income: $30,000 to 224 1,669 4,398 $34, Household income: $35,000 to 83 1,419 3,928 $39, Household income: $40,000 to 117 1,539 3,830 $44, Household income: $45,000 to $49, ,484 3,846 WOLFGANG HERZ & RICARDO DUPOND HERZ DUPOND REAL ESTATE GROUP FORTUNE INTERNATIONAL REALTY INFO@WHMIAMI.COM

13 2015 Household income: $50,000 to 189 2,629 5,803 $59, Household income: $60,000 to 410 2,998 6,830 $74, Household income: $75,000 to 313 3,660 7,267 $99, Household income: $100,000 to 208 2,096 4,178 $124, Household income: $125,000 to 121 1,200 2,146 $149, Household income: $150,000 to 202 1,571 2,531 $199,999 Doral Bulk Package NW 89 ST, Doral, FL Income (Cont.) 1-mi. 3-mi. 5-mi Household income: $200,000 or more % 2015 Household income: Less than $10,000 % 2015 Household income: $10,000 to $14,999 % 2015 Household income: $15,000 to $19,999 % 2015 Household income: $20,000 to $24,999 % 2015 Household income: $25,000 to $29,999 % 2015 Household income: $30,000 to $34,999 % 2015 Household income: $35,000 to $39,999 % 2015 Household income: $40,000 to $44,999 % 2015 Household income: $45,000 to $49,999 % 2015 Household income: $50,000 to $59,999 % 2015 Household income: $60,000 to $74,999 % 2015 Household income: $75,000 to $99,999 % 2015 Household income: $100,000 to $124, ,284 2, % 6.96% 9.75% 2.64% 3.92% 6.04% 4.20% 5.08% 7.12% 3.73% 5.72% 6.92% 4.54% 4.53% 5.37% 7.59% 5.72% 6.09% 2.81% 4.86% 5.44% 3.96% 5.27% 5.31% 6.74% 5.08% 5.33% 6.40% 9.00% 8.04% 13.89% 10.27% 9.46% 10.61% 12.53% 10.07% 7.05% 7.18% 5.79% No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by our principals.

14 % 2015 Household income: $125,000 to 4.10% 4.11% 2.97% $149,999 % 2015 Household income: $150,000 to 6.85% 5.38% 3.51% $199,999 % 2015 Household income: $200,000 or 4.64% 4.40% 2.78% more Retail Sales Volume 1-mi. 3-mi. 5-mi Childrens/Infants clothing stores $891,312 $8,634,906 $20,335, Jewelry stores $294,039 $2,881,608 $6,675, Mens clothing stores $998,892 $9,808,787 $22,996, Shoe stores $1,023,899 $10,115,767 $23,751,749 Doral Bulk Package NW 89 ST, Doral, FL Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi Womens clothing stores $1,613,048 $16,043,758 $37,887, Automobile dealers $12,529,609 $123,920,139 $287,161, Automotive parts and accessories $2,415,312 $24,046,211 $56,617,519 stores 2015 Other motor vehicle dealers $302,951 $3,135,363 $7,573, Tire dealers $1,077,115 $10,740,424 $25,300, Hardware stores $49,748 $501,055 $1,134, Home centers $478,871 $4,927,804 $11,299, Nursery and garden centers $560,603 $5,777,942 $13,395, Outdoor power equipment stores $267,978 $2,709,456 $6,344, Paint andwallpaper stores $57,874 $589,620 $1,354, Appliance, television, and other $1,661,490 $16,514,479 $38,323,584 electronics stores 2015 Camera andphotographic supplies $126,584 $1,246,402 $2,815,979 stores 2015 Computer andsoftware stores $4,523,926 $44,891,419 $106,676, Beer, wine, and liquor stores $801,923 $7,942,156 $18,666, Convenience stores $3,784,350 $37,002,482 $87,301, Restaurant Expenditures $3,369,953 $33,434,559 $78,293, Supermarkets and other grocery $13,252,093 $131,256,965 $314,050,800 (except convenience) stores 2015 Furniture stores $1,204,278 $11,951,722 $27,676, Home furnishings stores $4,029,757 $40,293,036 $94,884, General merchandise stores $21,534,910 $214,802,532 $502,828,698 WOLFGANG HERZ & RICARDO DUPOND HERZ DUPOND REAL ESTATE GROUP FORTUNE INTERNATIONAL REALTY INFO@WHMIAMI.COM

15 2015 Gasoline stations with convenience $11,472,045 $113,316,108 $267,892,429 stores Doral Bulk Package NW 89 ST, Doral, FL Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi Other gasoline stations $8,145,188 $80,790,118 $191,298, Department stores (excl leased $21,240,871 $211,920,924 $496,153,457 depts) 2015 General merchandise stores $21,534,910 $214,802,532 $502,828, Other health and personal care $826,646 $8,223,504 $19,237,051 stores 2015 Pharmacies and drug stores $3,258,831 $32,685,017 $77,981, Pet and pet supplies stores $868,327 $8,748,246 $20,619, Book, periodical, and music stores $129,805 $1,298,070 $3,005, Hobby, toy, and game stores $390,795 $3,868,712 $9,080, Musical instrument and supplies $39,818 $391,503 $877,147 stores 2015 Sewing, needlework, and piece $70,073 $690,771 $1,633,052 goods stores 2015 Sporting goods stores $384,330 $3,775,922 $8,609,672 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by our principals.

16 CONTACT HERZ DUPOND REAL ESTATE GROUP Based in Miami, and comprised of an international team, Herz Dupond Real Estate Group Commercial Division is one of South Florida s leading retail/office leasing and development teams within Fortune International Realty. Representing both tenants and landlords, Herz Dupond Real Estate Group services include customized site selection, demographic analysis, site tours, merchandising plans, lease negotiation, restaurant development consultation, branding, architectural and design consultation. The team s extensive focus on Dade, Broward and Palm Beach uniquely equips the team to handle corporate rollouts of brands looking to penetrate these markets. Herz Dupond Real Estate Group offers clients a vertically-integrated, full service brokerage with a twist: the power and experience of a consulting firm. The team s mission is to utilize the current real estate market analysis and our team s expertise in retail/office development, while working alongside ownership in concept creation. Being involved every step of the way from concept to delivery to ease the process for our clients and ultimately lead the efforts in the return of their investments. CONTACT ME FOR MORE INFORMATION ON THIS PROJECT RICARDO DUPOND RD@FIR.COM WOLFGANG HERZ & RICARDO DUPOND HERZ DUPOND REAL ESTATE GROUP FORTUNE INTERNATIONAL REALTY INFO@WHMIAMI.COM