7050 NE 3rd Ave LITTLE RIVER

Transcription

1 FOR SALE 7050 NE 3rd Ave LITTLE RIVER Miami, FL 33138

2 PROPERTY HIGHLIGHTS 7050 NE 3rd Ave Located in Little River Business District Asking Price - $1,990,000 Approx. 6,706 SF Lot Size - 9,000 SF Year Built Zoning - D2 Income Producing Service - Palm Grove, Belle Meade, Morningside, and Bay Point residens Rare opportunity to acquire a well located adaptive income-producing, reuse property in the heart of the Little River Business District.

3 AREA HIGHLIGHTS Little River MAGIC CITY ( 15 - acre site in Miami Little Haiti Neighborhood brings together technology, art and culture) THE CITADEL 60,000 sf culinary, design hub, work space and catalyst for collaboration in Miami s little river/little Haiti district. PANTHER COFFEE 3,000 sf combination roaster, training facility, and coffee shop) EASTRIDGE Mixed-usel building varying in height of 28 story project with 2,798 residential units, 418 hotel rooms, 283,798 sf of retail with 97,000 sf of office with 295,343 of open space. RAIL 71 Rail 71 is a 128,654 square-foot warehouse sitting on 3.7 acres abutting the FEC railway. The creative fex spaces are seeing cafe s, galleries, and retail showrooms take vacancy.

4 RENT ROLL Unit 1 2 Sq. Ft. Tenant Name Miami Med Tech LLC B.A.B Events Lease Term 9/1/17 1/1/15 Lease Expiration 8/31/19 12/31/23 Security Deposit Rent Amount Annual $24,000 $24,000 Option Term 1 Year 5 Year Notes year 2 base rent will increase to $2,500 monthly upon year 2020 base rent will increase 5% annually 3 Art Fors 8/10/15 8/9/18 $3,700 $1,925 $23, ,125 Roots & Roots 3/14/15 3/31/19 $3,500 $3,899 $46,788 YEARLY EXPENSES Property Taxes (Approx.) Property Insurance (Approx.) Maintenance (Approx.) $8,450 $5,000 $6,000 PRO FORMA NET OPERATING INCOME Total Annual Income Total Annual Expenses Net Operating Income (Annual) $117,888 $98,438 Unit 1 2 Sq. Ft. Tenant Name Miami Med Tech LLC B.A.B Events Lease Term 9/1/17 1/1/15 Lease Expiration 8/31/19 12/31/23 Security Deposit Rent Amount $3,200 Annual $38,400 $24,000 Option Term 5 Year Notes upon year 2020 base rent will increase 5% annually 3 Art Fors 8/10/15 8/9/18 $3,200 $38, ,125 Roots & Roots 3/14/15 3/31/19 $4,800 $57,600 YEARLY EXPENSES Property Taxes (Approx.) Property Insurance (Approx.) Maintenance (Approx.) $8,450 $5,000 $6,000 NET OPERATING INCOME Total Annual Income Total Annual Expenses Net Operating Income (Annual) $158,400 $138,950

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

6 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.

7 Jenna Cohen Agent Mauricio Zapata Broker/Prinicipal chariffrealty 5801 BISCAYNE BOULEVARD MIAMI, FL 33137