1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM RETAIL PROPERTY FOR SALE 943-955 W FLAGLER ST, MIAMI, FL 33131 PRIME FLAGLER STREET RETAIL / REDEVELOPMENT OPPORTUNITY PRESENTED BY: MIGUEL PINTO 305.632.2575 MIGUEL@APEXCAPITALREALTY.COM
OCTOBER 17, 2017 TABLE OF CONTENTS CONFIDENTIALITY & DISCLAIMER All materials and information received or derived from Apex Capital Realty, LLC its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither Apex Capital Realty, LLC its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. Apex Capital Realty, LLC will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Apex Capital Realty, LLC makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Apex Capital Realty, LLC does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. CONTENTS PROPERTY INFORMATION 3 LOCATION INFORMATION 7 SALE COMPARABLES 14 DEMOGRAPHICS 19 Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Apex Capital Realty, LLC in compliance with all applicable fair housing and equal opportunity laws. APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 2
SECTION 1 PROPERTY INFORMATION FOR MORE INFORMATION APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM MIGUEL PINTO 305.632.2575 MIGUEL@APEXCAPITALREALTY.COM
EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $5,250,000 Lot Size: 36,500 +/- SF Building Size: 22,000 +/- SF Year Built: 1968 PROPERTY OVERVIEW 2-story Retail Space in the Heart of Little Havana zoned T6-12-O permitting up to 12 stories and a variety of uses including retail, office, hotel, self-storage, or high-density residential. The area is undergoing a major development period with over $1BB being invested within a 1/2 mile radius (Beckham Soccer Stadium, Publix anchored mixed-use development on Flagler and Presidente Supermarket anchored Mixed-Use Residential Development.) Currently a section of the property serves as 15,000 square feet of open space with 20' ceilings and over 4,500 square feet on the second floor, the other section with 2,867 square feet of retail space. Property goes from block to block with an entrance on Flagler Street and NW 1 Street. Located on Flagler Street, a main artery of Miami which runs directly from Downtown through Little Havana, this unique and creative space is ideal for a supermarket, restaurant, beauty salon, headquarters, shared office space, fitness center, brewery, gallery or showroom, and redevelopment. Zoning: Submarket: T6-12-O Little Havana Market: Miami APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 4
COMPLETE HIGHLIGHTS SALE HIGHLIGHTS 200+ feet of frontage on Flagler Street ingress & Egress on South & North side T-6-12-O Zoning 50+ Parking Spaces High-Density Traffic Area Inside Urban Development Opportunity Redevelopment Opportunity Within minutes from Downtown Miami & Blocks away from Marlins Park and the epicenter of Little Havana's Calle Ocho APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 5
ADDITIONAL PHOTOS APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 6
SECTION 2 LOCATION INFORMATION FOR MORE INFORMATION APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM MIGUEL PINTO 305.632.2575 MIGUEL@APEXCAPITALREALTY.COM
REGIONAL MAP 943-955 W Flagler Street APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 8
RETAILER MAP APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 9
AERIAL MAP 943-955 W Flagler Street APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 10
LITTLE HAVANA IN THE NEWS APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 11
SITE PLAN 943 W FLAGLER APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 12
SITE PLAN 955 W FLAGLER APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 13
SECTION 3 SALE COMPARABLES FOR MORE INFORMATION APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM MIGUEL PINTO 305.632.2575 MIGUEL@APEXCAPITALREALTY.COM
SALE COMPS SUBJECT PROPERTY 943-955 W Flagle Street Miami, FL 33131 Sale Price: $5,250,000 Lot Size: 0.84 AC Year Built: 1968 Building SF: 22,037 SF Price PSF: $238.24 1 1055 W FLAGLER ST MIAMI, FL 33131 Sale Price: $2,650,000 Lot Size: 0.4820936639118 Year Built: 1924 Building SF: 18,239 SF Price PSF: $145.29 Closed: 05/01/2017 1 2 1801 W FLAGLER ST Miami, FL 33135 Sale Price: Year Built: $740,000 1974 Lot Size: Building SF: 15 AC 3,375 SF Price PSF: $219.26 Closed: 11/01/2015 2 APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 15
SALE COMPS 3 1860-1864 W FLAGLER ST Miami, FL 33135 Sale Price: Year Built: $1,900,000 1936 Lot Size: Building SF: 0.39 AC 8,000 SF Price PSF: $237.50 Closed: 05/01/2016 3 APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 16
SALE COMPS SUMMARY SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS 943-955 W Flagler Street 943-955 W Flagle Street Miami, FL 33131 $5,250,000 22,037 SF $238.24 - - SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE 1 2 3 1055 W FLAGLER ST MIAMI, FL 33131 1801 W Flagler St Miami, FL 33135 1860-1864 W Flagler St Miami, FL 33135 $2,650,000 18,239 SF $145.29 - - 05/01/2017 $740,000 3,375 SF $219.26 - - 11/01/2015 $1,900,000 8,000 SF $237.50 - - 05/01/2016 PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE Totals/Averages $1,763,333 9,871 SF $178.64 - - APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 17
SALE COMPS MAP SUBJECT PROPERTY 943-955 W Flagle Street Miami, FL 33131 1055 W FLAGLER ST 1 MIAMI, FL 33131 1801 W FLAGLER ST 2 Miami, FL 33135 1860-1864 W FLAGLER ST 3 Miami, FL 33135 APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 18
SECTION 4 DEMOGRAPHICS FOR MORE INFORMATION APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM MIGUEL PINTO 305.632.2575 MIGUEL@APEXCAPITALREALTY.COM
DEMOGRAPHICS REPORT 0.25 MILES 0.5 MILES 1 MILE Total population 6,202 21,622 58,129 Median age 36.5 37.8 39.1 Median age (male) 33.9 35.5 36.8 Median age (female) 39.5 40.5 41.7 Total households 2,256 8,261 23,167 Total persons per HH 2.7 2.6 2.5 Average HH income $26,511 $26,066 $28,617 Average house value $333,468 $318,462 * Demographic data derived from 2010 US Census APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 20
DEMOGRAPHICS MAP POPULATION 0.25 MILES 0.5 MILES 1 MILE Total population 6,202 21,622 58,129 Median age 36.5 37.8 39.1 Median age (male) 33.9 35.5 36.8 Median age (Female) 39.5 40.5 41.7 HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE Total households 2,256 8,261 23,167 # of persons per HH 2.7 2.6 2.5 Average HH income $26,511 $26,066 $28,617 Average house value $333,468 $318,462 * Demographic data derived from 2010 US Census APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 21
ADVISOR BIO MIGUEL PINTO President, Managing Broker 1356 SW 8 Street #202 Miami, FL 33135 T 305.632.2575 miguel@apexcapitalrealty.com APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 22