Miramar Industrial Property 1901 SW 100th Ter Miramar, Fl 33025

Transcription

1 Miramar Industrial Property Great multitenant warehouse Above market actual capitalization rate 9.22% 100% occupied with 4 tenants Actual gross annual income is $51,000 Verizon tower and one of the bays are excluded from the sale Sponsored By: JOHN DEMARCO, ACP JohnDeMarco@Remax.net Each office is independently owned and operated. RE/MAX 5 STAR REALTY 4151 Hollywood Blvd Hollywood, FL (954) Each office independently owned and operated

2 INVESTMENT DETAILS Analysis Analysis Date January 2018 Property Property Property Address Miramar Industrial Property 1901 SW 100th Ter Miramar, Fl Year Built 1985 Purchase Information Property Type Industrial Purchase Price $400,000 Tenants 4 Total Rentable Sq. Ft. 5,000 Financial Information All Cash Loans Type Debt Term Amortization Rate Payment LO Costs All Cash Income & Expenses Gross Operating Income $51,000 Monthly GOI $4,250 Total Annual Expenses ($14,101) Monthly Expenses ($1,175) Contact Information John DeMarco, ACP JohnDeMarco@Remax.net P. 2 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

3 EXECUTIVE SUMMARY Acquisition Costs Purchase Price, Points and Closing Costs $400,000 Investment Cash $0 Investment Information Purchase Price $400,000 Price per Tenant $100,000 Price per Sq. Ft. $80.00 Income, Expenses & Cash Flow Gross Scheduled Income $51,000 Total Vacancy and Credits $0 Operating Expenses ($14,101) Net Operating Income $36,899 Debt Service $0 Cash Flow Before Taxes $36,899 Financial Indicators Debt Coverage Ratio N/A Capitalization Rate 9.22% Gross Income / Square Feet $10.20 Gross Expenses / Square Feet ($2.82) Operating Expense Ratio 27.65% P. 3 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

4 PROPERTY DESCRIPTION Great multitenant industrial property in Miramar Florida. Priced to sell at only $80 square foot. Recent sales included in the package have sold for above $120 a foot. 4 tenants, 1 of the tenant leasing the side lot. Gross income is $51,000 per year, netting $36,899. Above market actual capitalization rate of 9.22%. Verizon cell phone tower and one of the bays are excluded from the sale. See enclosed an easement agreement for detailed information. Please remember to not disturb existing tenants. Call John DeMarco for additional information. P. 4 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

5 PROPERTY PHOTOS P. 5 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

6 TENANT MIX REPORT Suite Tenants Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly A Spasic and Assosiates 1250 $1,300 $1,300 $1,300 $1,300 B Auto mechanic + Lo 1250 $1,500 $1,500 $1,500 $1,500 C Auto Dealership 1250 $1,300 $1,300 $1,300 $1,300 D Side lot 1250 $150 $150 $150 $ ,000 $4,250 $4,250 TENANT MIX TENANT MIX SQUARE FEET Spasic and Assosiates Auto mechanic + Lo Auto Dealership Side lot Spasic and Assosiates Auto mechanic + Lo Auto Dealership Side lot TENANT MIX INCOME TENANT MIX MARKET INCOME Spasic and Assosiates Auto mechanic + Lo Auto Dealership Side lot Spasic and Assosiates Auto mechanic + Lo Auto Dealership Side lot P. 6 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

7 MAPS AND AERIALS The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. P. 7

8 DEMOGRAPHICS Population 1 Mile 3 Mile 5 Mile Male 7,236 (46.83 %) 79,130 (46.71 %) 212,993 (47.66 %) Female 8,217 (53.17 %) 90,286 (53.29 %) 233,941 (52.34 %) Total Population 15, , ,934 Age Breakdown 1 Mile 3 Mile 5 Mile Ages (6.24 %) 9,979 (5.89 %) 26,982 (6.04 %) Ages 59 1,170 (7.57 %) 12,345 (7.29 %) 33,789 (7.56 %) Ages ,060 (6.86 %) 11,506 (6.79 %) 31,942 (7.56 %) Ages ,053 (6.81 %) 11,039 (6.52 %) 30,896 (6.91 %) Ages ,091 (7.06 %) 10,974 (6.48 %) 30,430 (6.81 %) Ages ,113 (7.20 %) 10,752 (6.35 %) 29,548 (6.61 %) Ages ,029 (6.66 %) 10,556 (6.23 %) 28,577 (6.39 %) Ages (6.08 %) 10,674 (6.30 %) 28,556 (6.39 %) Ages (6.20 %) 11,289 (6.66 %) 29,953 (6.70 %) Ages ,013 (6.56 %) 11,852 (7.00 %) 31,143 (6.97 %) Ages ,019 (6.59 %) 11,376 (6.71 %) 29,994 (6.71 %) Ages (6.32 %) 10,327 (6.10 %) 27,141 (6.07 %) Ages (5.28 %) 8,826 (5.21 %) 22,997 (5.15 %) Ages (3.97 %) 7,099 (4.19 %) 18,460 (4.13 %) Ages (2.96 %) 5,734 (3.38 %) 14,426 (3.23 %) Ages (2.22 %) 4,640 (2.74 %) 10,924 (2.44 %) Ages (1.82 %) 3,698 (2.18 %) 7,840 (1.75 %) Ages (3.59 %) 6,750 (3.98 %) 13,336 (2.98 %) P. 8 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

9 DEMOGRAPHICS Household Income 1 Mile 3 Mile 5 Mile Median Income $57,855 $56,561 $53,452 Less than $10, ,357 9,246 $10,000 $14, ,291 7,290 $15,000 $19, ,102 7,906 $20,000 $24, ,196 8,053 $25,000 $29, ,376 8,169 $30,000 $34, ,265 8,502 $35,000 $39, ,897 7,204 $40,000 $44, ,259 7,544 $45,000 $49, ,419 8,070 $50,000 $59, ,966 13,875 $60,000 $74, ,918 17,839 $75,000 $99,999 1,125 8,919 20,526 $100,000 $124, ,753 11,749 $125,000 $149, ,466 5,680 $150,000 $199, ,954 5,558 Greater than $200, ,060 Housing 1 Mile 3 Mile 5 Mile Housing Units 5,852 66, ,906 Occupied Units 5,284 61, ,940 Owner Occupied Units 3,954 42, ,999 Renter Occupied Units 1,330 18,426 45,941 Vacant Units 568 5,712 11,966 Race Demographics 1 Mile 3 Mile 5 Mile Population Non Hispanic White 5,044 84, ,175 Population Black 8,765 67, ,866 Population Am In/Ak Nat P. 9 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

10 LOCATION MAP P. 10 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

11 COMPS NW 21st St SOLD Miramar, FL Broward County Recorded Buyer: PQGC Estates LLC Recorded Seller: Cruz Santiago 6403 SW 162nd Ave Miami, FL Diplomat Pky Hollywood, FL True Buyer: PQGC Estates LLC True Seller: Cruz Santiago PrFrma Cap Rate: Actual Cap Rate: 01/26/2017 (132 days on mkt) Bldg Type: $1,700,000 Confirmed $ Land Area: Zoning: Sale Conditions: Class C Industrial Built 1973 Age: 44 11,106 SF 0.50 AC (21,780 SF) B3, Miramar Business Value Included Parcel No: Financing: Comp ID: Down payment of $1,700,000 (100.0%) Research Status: Confirmed SW 21st St SOLD West Park, FL Broward County Recorded Buyer: D & S Equities West Park 21 Ll Recorded Seller: Nnn Management Inc NE 35th Ave North Miami Beach, FL PrFrma Cap Rate: 12/16/2016 (84 days on mkt) Bldg Type: $280,000 Confirmed $ Class C Industrial Built 1977 Age: 39 2,300 SF Land Area: 0.15 AC (6,534 SF) Zoning: C1 Parcel No: Financing: Comp ID: Research Status: Confirmed SW 56th Ter SOLD West Park, FL Broward County Recorded Buyer: Recorded Seller: Howard Brisgel (954) Recorded Buyer: Recorded Seller: Yuli Prizant 2130 SW 56th Ter West Park, FL P. 11 Copyrighted report licensed to Re/Max 5 Star Realty /9/2018 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 1

12 COMPS 11/29/2016 (212 days on mkt) Bldg Type: $370,000 Confirmed $ Class C IndustrialWarehouse Built 1964 Renov 2016 Age: 52 3,626 SF PrFrma Cap Rate: Zoning: M1 Parcel No: Financing: $292,000 from Gibraltar Bank Comp ID: Research Status: Confirmed SW 56th Ter, Unit 2461 Wedgewood Business Park 56th Avenue SOLD West Park, FL Broward County True Buyer: True Seller: 10/01/2017 (81 days on mkt) Condo Type: $165,000 Confirmed $ Land Area: 1,513 SF Industrial Condo 1,513 SF Parcel No: Financing: Comp ID: Research Status: Confirmed SW 56th Ter SOLD West Park, FL Broward County Recorded Buyer: Mireya Angel Recorded Seller: Holzhauser Michael 236 SE 6th St Dania Beach, FL PrFrma Cap Rate: 09/07/2016 Bldg Type: $261,200 $ Class C IndustrialWarehouse Built 1964 Age: 52 2,285 SF Land Area: 0.12 AC (5,227 SF) Zoning: M1 Parcel No: Financing: Comp ID: $261,172 from Private Individual Fas Fiancial Inc Research Status: Public Record P. 12 Copyrighted report licensed to Re/Max 5 Star Realty /9/2018 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 2

13 COMPS SW 58th Ave SOLD Hollywood, FL Broward County Recorded Buyer: Frasmar Inc Recorded Seller: CAPMAR LLC 7266 Ridge Dr Burnaby, BC V5A 1B SW 57th Ter Hollywood, FL (954) PrFrma Cap Rate: 05/31/2016 (188 days on mkt) Bldg Type: $640,000 Confirmed $ Class C IndustrialWarehouse Built 1988 Age: 28 5,000 SF Land Area: 0.27 AC (11,761 SF) Zoning: M2, County Map Page: Trakker 35R23 Parcel No: Financing: Comp ID: Down payment of $640,000 (100.0%) Research Status: Confirmed SW 58th Ter SOLD West Park, FL Broward County Recorded Buyer: 2121 Davis & Davis Llc Recorded Seller: Davis Fred 5915 SW 21st St West Park, FL Fairway Trl Boca Raton, FL (561) PrFrma Cap Rate: 12/05/2017 Bldg Type: $1,150,000 Confirmed $ Class C IndustrialWarehouse Built 1972 Age: 45 10,360 SF Land Area: 0.37 AC (16,117 SF) Zoning: C1 Map Page: Trakker 122 Parcel No: Financing: Comp ID: Down payment of $230,000 (20.0%); $920,000 from Bank United Research Status: Confirmed SW 60th Ter SOLD Miramar, FL Broward County Recorded Buyer: D & S Equities Miramar Llc Recorded Seller: Mcconnell Denise NE 35th Ave North Miami Beach, FL PrFrma Cap Rate: Actual Cap Rate: 01/10/2017 (223 days on mkt) Bldg Type: $515,000 Confirmed $ Land Area: Zoning: Sale Conditions: Class C IndustrialManufacturing Built 1968 Age: 49 4,300 SF 0.27 AC (11,761 SF) B3 Sale Leaseback Parcel No: Financing: Comp ID: Research Status: Confirmed P. 13 Copyrighted report licensed to Re/Max 5 Star Realty /9/2018 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 3

14 COMPS SW 101st Ave SOLD Miramar, FL Broward County Recorded Buyer: Dorta Investments Llc Recorded Seller: Sherrod Holdings Llc SW 53rd St Miramar, FL /08/2016 Bldg Type: $750,000 Full Value $ Land Area: Industrial 5,720 SF Parcel No: Financing: Comp ID: Down payment of $200,000 (26.7%); $550,000 from Seller Research Status: Full Value NW 163rd St #12 SOLD Hialeah, FL Miami/Dade County Recorded Buyer: Building 12 Llc Recorded Seller: Kenneth A Gress Trust 2231 SW 164th Ave Miramar, FL Map Page: Trakker 266 PrFrma Cap Rate: Actual Cap Rate: 08/08/2017 (351 days on mkt) Bldg Type: $2,646,000 Confirmed $ % Land Area: Zoning: Sale Conditions: Class C IndustrialWarehouse Built 1979 Age: 38 17,000 SF 0.94 AC (40,946 SF) IUC Parcel No: Financing: Comp ID: Down payment of $0 (0.0%); $2,646,000 from Seller Research Status: Confirmed NW 167th St, Unit E18 Bldg E SOLD Miami Lakes, FL Miami/Dade County True Buyer: True Seller: Navia Tax Firm 6135 NW 167th St Miami Lakes, FL (305) Daniel Navia PrFrma Cap Rate: 09/15/2016 (57 days on mkt) Condo Type: $220,000 Confirmed $ ,413 SF Industrial Condo Built 1985 Age: 31 2,413 SF Land Area: 1.83 AC (79,715 SF) Zoning: IUC, County Map Page: Trakker 266 Parcel No: Financing: Comp ID: Down payment of $220,000 (100.0%) Research Status: Confirmed P. 14 Copyrighted report licensed to Re/Max 5 Star Realty /9/2018 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 4

15 COMPS Dawson St SOLD Hollywood, FL Broward County Recorded Buyer: Glenn R Hauser Recorded Seller: Simeone Richard C & Shawn 5756 Dawson St Hollywood, FL PrFrma Cap Rate: 06/21/2016 Bldg Type: $250,000 $ Class C IndustrialWarehouse Built 1980 Age: 36 2,500 SF Land Area: 0.12 AC (5,227 SF) Zoning: IM2 Parcel No: Financing: Comp ID: $225,000 from Private Individual Fas Fiancial Inc Research Status: Public Record Funston St SOLD Hollywood, FL Broward County Recorded Buyer: Hollywood Warehouses 18 Llc Recorded Seller: Hwcp 5765 Funston Llc NE 6th Ave North Miami, FL PrFrma Cap Rate: 09/13/2016 Bldg Type: $695,700 $ Class C IndustrialWarehouse Built 1974 Age: 42 3,402 SF Land Area: 0.14 AC (6,098 SF) Zoning: IM2 Parcel No: Financing: Comp ID: Research Status: Funston St SOLD Hollywood, FL Broward County Recorded Buyer: Kolo 1 Llc Recorded Seller: 5981 Llc 2875 NE 191st St Aventura, FL PrFrma Cap Rate: 04/21/2016 Bldg Type: $1,150,000 Full Value $ Class C IndustrialWarehouse Built 1976 Age: 40 4,500 SF Land Area: 1.94 AC (84,506 SF) Zoning: M1,C4 Parcel No: Financing: Comp ID: , , $3,915,000 from Private Lender Research Status: Full Value P. 15 Copyrighted report licensed to Re/Max 5 Star Realty /9/2018 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 5

16 COMPS Riviera Blvd Megacenter Miramar Business Park (Part of MultiProperty) SOLD Miramar, FL Broward County Recorded Buyer: Megacenter Miramar LLC Recorded Seller: District Board Of Tes & Broward Clg 8600 NW South River Dr Medley, FL SW Davie Rd Davie, FL (954) PrFrma Cap Rate: Actual Cap Rate: 07/08/2016 Bldg Type: $5,979,374 Allocated $ Land Area: Zoning: Sale Conditions: Class C IndustrialWarehouse Built 1997 Age: 19 52,472 SF 6.93 AC (301,871 SF) PID Redevelopment Project Parcel No: Financing: Comp ID: Research Status: Allocated Rodman St SOLD Hollywood, FL Broward County Recorded Buyer: A & A Investments Usa Llc Recorded Seller: Mayda Real Estate Holdings Inc 3389 Sheridan St Hollywood, FL Map Page: Trakker 122 PrFrma Cap Rate: 12/14/2016 Bldg Type: $580,000 $96.67 Class C IndustrialShowroom Built 1973 Age: 43 6,000 SF Land Area: 0.24 AC (10,454 SF) Zoning: IM2 Parcel No: Financing: Comp ID: Research Status: Rodman St SOLD Hollywood, FL Broward County Recorded Buyer: Hollywood Warehouses 18 Llc Recorded Seller: Hwcp 5751 Rodman Llc NE 6th Ave North Miami, FL PrFrma Cap Rate: Actual Cap Rate: 09/13/2016 (69 days on mkt) Bldg Type: $695,700 $ % Land Area: Zoning: Sale Conditions: Class C IndustrialWarehouse Built 1973 Age: 43 6,658 SF 0.26 AC (11,326 SF) IM2 Parcel No: Financing: Comp ID: $1,600,900 from Landmark Bk Research Status: P. 16 Copyrighted report licensed to Re/Max 5 Star Realty /9/2018 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 6

17 COMPS Rodman St A.M.I. Warehouse SOLD Hollywood, FL Broward County True Buyer: Beta Medical Recorded Seller: MeyerCarbuccia Investments LLC N 30th Ave Hollywood, FL (954) Rodman St Hollywood, FL PrFrma Cap Rate: 04/29/2017 (74 days on mkt) Bldg Type: $650,000 $ Class C IndustrialWarehouse Built 1973 Age: 44 5,100 SF Land Area: 0.24 AC (10,454 SF) Zoning: IM2 Parcel No: Financing: Comp ID: Research Status: Public Record Wiley St SOLD Hollywood, FL Broward County Recorded Buyer: Cl Management Associates Llc Recorded Seller: Hamsa 21 Llc 307 SW 2nd Ave Dania, FL PrFrma Cap Rate: 08/03/2016 Bldg Type: $400,000 $94.12 Class C IndustrialManufacturing Built 1973 Age: 43 4,250 SF Land Area: 0.11 AC (4,792 SF) Zoning: IM1 Parcel No: Financing: Comp ID: $350,000 from Private Individual Fas Fiancial Inc Research Status: Public Record P. 17 Copyrighted report licensed to Re/Max 5 Star Realty /9/2018 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 7

18 COMPS Trend Report Dollar Volume Legend: Current Survey Sold Transactions Time Interval Quarterly Number of Transactions Total Dollar Volume Total Bldg Square Feet Total Land in Acres Total Land in SF Average Price Average Number of SF Average Price Per Bldg SF Median Price Per SF Average Number of Acres Average Number of SF(Land) Average Price Per Unit Median Price Per Unit Average Number of Units Actual Cap Rate Report Time Frame: 1/1/2016 1/9/2018 Sold Transactions 19 $19,097, , ,973 $1,005,157 7,921 $ $ , % P. 18 Copyrighted report licensed to Re/Max 5 Star Realty /9/2018 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 8

19 COMPS Trend Report 1Q16 01/13/31/16 2Q16 04/16/30/16 3Q16 07/19/30/16 4Q16 10/112/31/16 Sold Transaction Sold Transaction Sold Transaction Sold Transaction Number of Transactions Total Dollar Volume Total Bldg Square Feet Total Land in Acres Total Land in SF Average Price Average Number of SF Average Price Per Bldg SF Median Price Per SF Average Number of Acres Average Number of SF(Land) Average Price Per Unit Median Price Per Unit Average Number of Units Actual Cap Rate 1 $750,000 5,720 $750,000 5,720 $ $ $2,040,000 12, ,495 $680,000 4,000 $ $ ,832 6 $8,251,974 71, ,314 $1,375,329 11,913 $ $ , % 3 $1,230,000 11, ,106 $410,000 3,975 $ $ ,035 1Q17 01/13/31/17 2Q17 04/16/30/17 3Q17 07/19/30/17 4Q17 10/112/31/17 Sold Transaction Sold Transaction Sold Transaction Sold Transaction Number of Transactions Total Dollar Volume Total Bldg Square Feet Total Land in Acres Total Land in SF Average Price Average Number of SF Average Price Per Bldg SF Median Price Per SF Average Number of Acres Average Number of SF(Land) Average Price Per Unit Median Price Per Unit Average Number of Units Actual Cap Rate 2 $2,215,000 15, ,541 $1,107,500 7,703 $ $ ,771 1 $650,000 5, ,454 $650,000 5,100 $ $ ,454 1 $2,646,000 17, ,946 $2,646,000 17,000 $ $ , % 2 $1,315,000 11, ,117 $657,500 5,937 $ $ ,117 P. 19 Copyrighted report licensed to Re/Max 5 Star Realty /9/2018 The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Page 9

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