TROPHY OFFICE BUILDING IN THE FINANCIAL DISTRICT OF MIAMI, FLORIDA

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1 TROPHY OFFICE BUILDING IN THE FINANCIAL DISTRICT OF MIAMI, FLORIDA Holliday Fenoglio Fowler, L.P. ( HFF ) a Florida licensed real estate broker.

2 THE OFFERING Holliday Fenoglio Fowler, L.P. ( HFF ) is pleased to exclusively offer the opportunity to acquire 1221 Brickell (the Property or the Building ), a trophy Class A, 82% leased office building located in the core of Brickell Avenue, Miami s premier office submarket. Prominently located at the corner of Brickell Avenue and Coral Way, the Property contains 408,423 square feet of office and retail space spanning an entire city block Brickell s quality construction, high-profile tenancy, in-fill location, superior accessibility and visibility, upside potential, and stable cash flow combine to make it one of the most compelling offerings currently available in the Southeast BRICKELL AVENUE, MIAMI, FLORIDA NET RENTABLE AREA (BOMA) TOTAL % LEASED YEAR BUILT NO. OF FLOORS TYPICAL FLOOR PLATE LAND AREA PARKING SPACES WEIGHT AVERAGE LEASE TERM 408,423 SQUARE FEET 82% ,000 SQUARE FEET 2.06 ACRES 927 (2.3:1,000SF) 5.0 YEARS 2

3 KEY INVESTMENT HIGHLIGHTS TROPHY, INSTITUTIONALLY MAINTAINED ASSET WITH SIGNATURE DESIGN LOCATED IN THE HEART OF BRICKELL WHERE MILLENNIALS LIVE-WORK-PLAY AND RESIDENCY HAS INCREASED 15% PER ANNUM SINCE 2000 IN WALKING DISTANCE TO 4 FORMS OF PUBLIC TRANSIT, 60 RESTAURANTS, 15 HOTELS, 3 PARKS AND 1 MILE FROM I-95, SOUTH FLORIDA S MOST TRAFFICKED HIGHWAY HIGH QUALITY, INTERNATIONALLY RECOGNIZED TENANCY STABLE CASH FLOW WITH NO TENANT OCCUPYING MORE THAN 8% OF THE PROPERTY AND LIMITED ANNUAL ROLLOVER SIGNIFICANT VALUE ENHANCEMENT POTENTIAL WITH IN-PLACE RENTS 10% 20% BELOW MARKET AND OVER 70,000 SQUARE FEET OF AVAILABLE SPACE OFFICE SUBMARKET HAS EXPERIENCED POSITIVE ABSORPTION FOR 7 CONSECUTIVE YEARS AND 12% ANNUAL CLASS A RENTAL GROWTH SINCE 2013 EXCESS DEVELOPMENT POTENTIAL, NAMING AND SIGNAGE RIGHTS ON A MAIN AND MAIN CORNER WITH PROPERTY SPANNING THE ENTIRE CITY BLOCK 3

4 TROPHY CBD ASSET 1221 Brickell was developed and built to the highest standards with an eye catching design. The building has been institutionally maintained and modernized through the years with a state of the art elevator system, renovated lobby and common areas Brickell is able to attract leading credit tenants due to its high quality superior location and premier views of both Biscayne Bay and the city. Additionally, the Property offers on-site amenities including valet and structured parking, a variety of dining options, a conference facility, and a daycare facility. OVER $5.3M OF CAPITAL IMPROVEMENTS INVESTED SINCE 2010 Renovated lobby, modernized destination control elevators and common areas PRESTIGIOUS BRICKELL ADDRESS INSTITUTIONALLY developed and maintained ACCOLADES LEED Gold Certified and Energy Star Label SLEEK SIGNATURE ELEVATORS with state of the art destination control system FULL COMPLEMENT OF ON-SITE AMENITIES Vapiano, Giardino Gourmet Salads, Jimmy John s, Cold Pressed Raw Among the top 20 Lunch Spots in Miami CBD Conference facility Security 24-hours, 7 days a week On-site management Car wash facility Full service bank and ATM Dry cleaning service 5,000 square foot daycare 4

5 QUALITY TENANCY 1221 Brickell is leased to a high quality roster of local, national, and multinational tenants that provide secure, long term cash flow. This diverse group of tenants represents many industries ranging from law firms to international banks, and no tenant occupies more than 8% of the rentable square footage. The Property also offers a well distributed rollover schedule and provides a stable cash flow as no more than 15% of the rentable square footage rolls in any given year and the weighted average remaining lease term at the Property is 5.0 years. Additionally, rents from some existing tenants are 10%-20% below those at competitive Miami CBD properties, creating an opportunity for the new owner to increase rents to significantly increase NOI over the next five to seven years. HIGH QUALITY national recognized tenancy 5.0 YEARS weighted average remaining lease term IN-PLACE RENTS are 10%-20% below market MAJOR TENANT SUMMARY Tenant Industry Leased SF % of Total Lydecker Diaz Law Firm 31, % Regus Coworking Space 17, % Banco Do Brasil Financial Services 16, % Safra National Bank of NY Financial Services 15, % Clyde & Co Law Firm 13, % TOTAL MAJOR TENANTS 93, % LYDECKER D IAZ Safra National Bank of New York 5

6 LOCATED IN THE HEART OF BRICKELL WHERE MILLENNIALS LIVE-WORK-PLAY METRORAIL WALKER S PARADISE TRANSPORTATION RESTAURANTS HOTELS PARKS & REC 6 Brickell Trolley <0.1 miles away Metromover <0.1 miles away Metrorail <0.4 miles away I-95 <1.2 miles away All Aboard Florida (2017) <1.6 miles away Capital Grille Cipriani Trulucks Coya Morton s Steakhouse Zuma DB Bistro PF Changs Komodo Conrad Four Seasons JW Marriott Mandarin Oriental W Miami Hyatt Regency EPIC Intercontinental EAST Brickell Park Bayfront Park Museum Park

7 MIAMI BEACH BRICKELL KEY BISCAYNE BAY BRICKELL AVENUE METROMOVER DAYTIME POPULATION RESIDENTS A MILLENNIAL STATE OF MIND 235,000 53% OF RESIDENTS FALL BETWEEN THE AGES OF AVERAGE HOUSEHOLD INCOME EXCEEDS 88,540 $100, IN ZIP CODE 60% NEARLY OF RESIDENTS HAVE OBTAINED AT LEAST SOME FORM OF COLLEGE EDUCATION 90,000 RESIDENTS CALL DOWNTOWN MIAMI THEIR FULL-TIME HOME, MARKING A 150% INCREASE SINCE

8 Biscayne Blvd W Flagler St 968 Government Center Government Center Downtown Miami Metro Mover SE 1st St Bayfront Park Miami Mary Brickell Village 1 Brickell Brickell Brickell Ave 95 1 EVOLUTION OF THE MIAMI CBD The Miami CBD is experiencing an ongoing evolution that has transformed it into a 24-hour city with the emergence of a vibrant live/work/play environment. The CBD offers tenants at 1221 Brickell numerous newly developed luxury condominiums, proximity to shopping and dining, exciting nightlife, and entertainment venues. Highlights include Brickell City Centre, a $1.05 billion mixed-use urban development only blocks away from 1221, Mary Brickell Village, the American Airlines Arena and the Adrienne Arsht Center for Performing Arts. Additionally, the complimentary downtown MetroMover has increased accessibility in the area by offering locals a convenient way to get around. The automated elevated rail system operates seven days a week and transports over 100,000 people daily. OVER 5,500 RESIDENTIAL UNITS OVER $5 BILLION INVESTED OVER $500 IN SALES PER SQUARE FOOT under construction or in lease up in recent development since 2009 of retail sales 8

9 MIAMI CBD OFFICE MARKET BRICKELL IS THE SECOND LARGEST INTERNATIONAL BANKING CENTER IN THE US, SECOND ONLY TO NEW YORK HIGHEST CLASS A RATE IN THE MARKET 21% above the Miami-Dade Class A average MIAMI CBD CLASS A RENTAL RATES HAVE GROWN 12% since 2013 and 5% since 2015 POSITIVE ABSORPTION every year since 2009 TOP RANKED CITY FOR JOB GROWTH IN % 3.5% 3.0% % 2.0% 1.5% % 0.5% Miami Dallas San Francisco Atlanta Phoenix Los Angeles Houston New York Washington Boston Chicago Philadelphia SELECTED BY FORBES AS ONE OF THE FIVE CITIES POISED TO BE THE NEXT SILICON VALLEY TECH HUB Facebook, Skyscanner, Uber, PayPal, Square, Twitter, Expedia, Sony, and Google all call Downtown Miami home 9

10 INVESTMENT SALES HFFLP.COM MIAMI 1450 Brickell Avenue Suite 2950 Miami, FL Tel Fax HERMEN RODRIGUEZ Senior Managing Director MANNY DE ZARRAGA Executive Managing Director FINANCING PAUL STASAITIS Senior Managing Director JORGE PORTELA Associate Director TRACEY GOO Associate Director Analyst IKE OJALA Director CHRISTINA KONG Senior Analyst ATLANTA AUSTIN BOSTON CAROLINAS CHICAGO DALLAS DENVER HOUSTON INDIANAPOLIS LOS ANGELES MIAMI NEW JERSEY NEW YORK CITY ORANGE COUNTY ORLANDO PHILADELPHIA PITTSBURGH PORTLAND SAN DIEGO SAN FRANCISCO TAMPA WASHINGTON D.C. HFF has been engaged by the owner of the properties to market them for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change Holliday Fenoglio Fowler, L.P. (HFF) and HFF Securities L.P. (HFFS) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on