BANK OWNED REO FOR SALE - files.ctctcdn.comfiles.ctctcdn.com/9b6fefb6101/9d74b408-0d31-49a8... ·...
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CONTACT INFORMATION: Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com 11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL 42,550 SF OF WAREHOUSE WITH OFFICE TWO CONTIGUOUS CONDOMINIUM SUITES JUST REDUCED TO $2,500,000 OR $58/SF 42,550 SF OF WAREHOUSE WITH OFFICE TWO CONTIGUOUS CONDOMINIUM SUITES JUST REDUCED TO $2,500,000 OR $58/SF BANK OWNED REO FOR SALE INDUSTRIAL / MANUFACTURING INDUSTRIAL / MANUFACTURING BANK OWNED REO FOR SALE
Transcript of BANK OWNED REO FOR SALE - files.ctctcdn.comfiles.ctctcdn.com/9b6fefb6101/9d74b408-0d31-49a8... ·...
CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
� 42,550 SF OF WAREHOUSE WITH OFFICE
� TWO CONTIGUOUS CONDOMINIUM SUITES
� JUST REDUCED TO $2,500,000 OR $58/SF
� 42,550 SF OF WAREHOUSE WITH OFFICE
� TWO CONTIGUOUS CONDOMINIUM SUITES
� JUST REDUCED TO $2,500,000 OR $58/SF
BANK OWNED REO FOR SALE
INDUSTRIAL / MANUFACTURING INDUSTRIAL / MANUFACTURING
BANK OWNED REO FOR SALE
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
11711 & 11713 NW 39th Street | Coral Springs, Florida 33065
DISCLOSURE
The following informa�on contained in this Investment Brochure is proprietary and strictly confiden�al. It is intended to be re-viewed only by the receiving party from Meridian Realty Advi-sors, Inc. and should not be made available to any person or en-�ty without prior wri�en consent. This Investment Brochure has been prepared to provide sum-mary informa�on to prospec�ve purchasers concerning 11711 & 11713 NW 39th Street, Coral Springs, FL 33065—two warehouse condominium units (the “Property”). The informa�on contained herein is not a subs�tute for a thorough due diligence inves�ga-�on by interested par�es. Meridian Realty Advisors, Inc. has not made any inves�ga�on, and makes absolutely no warranty or representa�on, with respect to the income or expenses for the Property, the future projected financial performance of the Property, the size and square footage of the Property and im-provements, the presence or absence of contamina�ng sub-stances, the compliance with State and Federal regula�ons, the physical condi�on of the improvements thereon, or the financial condi�on or business prospects of any tenant or any tenant’s plans or objec�ves to con�nue its occupancy of the Property. All poten�al buyers should independently verify the informa�on contained in this Investment Brochure.
CONTENTS
Confiden�ality & Disclosure …….……….……………….………….…… 2 Execu�ve Summary ……..……..……..……….….……...……..……...…. 3 Maps, Aerials & Eleva�ons ……….…....…………………….…...…..... 4 Property Data & Photographs …………………...………………...……. 9 Sales Comparables ………………………………..……………..….………… 15 Income Valua�on …………..………………………….………………....…… 18 Broker Biography ……...……………...…….……………….……..…...…… 19
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
SUMMARY
Located near the Sawgrass Expressway in the Corporate Park of Coral Springs, the Property consists of two large con�guous but independent industrial condominiums totaling 42,550 square feet. Currently 100% vacant, the configura�on of the two units allows for use by a single user or as two separate suites. The Property has approximately 30% office build-out with above average finishes and is fully fire sprinkled and air-condi�oned. The ceiling height is 16’ clear and each unit has one dock high loading door at the rear of the building. Combined, the two units comprise 53% of the building’s total area, resul�ng in 50% vo�ng rights in the condo associa�on. HIGHLIGHTS
� BANK OWNED REO! � Reduced to $2.5M or only $58.75 per square foot! � Can be used as a single unit or as two separate suites. � Immediate access to the Sawgrass Expressway. � 100% air-condi�oned & fire sprinkled. � 30% office build-out with beau�ful finishes. � 50% vo�ng rights in the condo associa�on. TERMS
Asking Price ……..…………….…...…….. $2,600,000 ($61.10/SF) Offering Terms ……………...…...….….. As Por:olio / All Cash
11711 & 11713 NW 39th Street | Coral Springs, Florida 33065
11713 11711
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
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11711
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
11713 11711
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
FRONT ELEVATION LEFT ELEVATION
BACK ELEVATION LOADING DOCK & TRUCK WELL
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
LOCATION
Address …………………………..…...…... 11711 & 11713 NW 39th Street City, State & Zip ………………..…..….. Coral Springs, Florida 33065 County ……………………………..….……. Broward County Subdivision ……………………..…..……. Corporate Park of Coral Springs PROPERTY
Property Type ...…….……….…......... Industrial Condominium Stories ……………………….……….…….. 1 Story Buildings …………………...……….…….. 1 Building (53% of Building) Number of Units ……….…….…….….. 2 Units Square Feet …….…….……………...….. 42,550 SF Office Space ……….……………..….….. 12,650 SF (30%) Warehouse Space ……….…………..… 29,900 SF (70%) Year Built ………………………………….. 1982 Renovated ……………………….……….. 2006 Vacancy ……...…..….………….……...... 100% Ceiling Height ………………..…….….... 16’ Clear Loading Doors ………………..……….... 2 Dock High Doors (1 Per Unit) Air Condi�oned ……………..……….... 100% Fire Sprinkled ……………….…..…….... 100% SITE
Number of Parcels …………………….. 2 Parcels Zoning ………………………...…………….. IRD (City of Coral Springs) Flood Zone ………………………….…….. AH Parking Ra�o …………………..……….… 1.72/1,000 (139 Spaces) U�li�es …………………………….……….. Electricity (FP&L) Water & Sewer (Municipal)
CONSTRUCTION
Slab Type……………………………….…... Reinforced Concrete Slab Exterior Wall Type………………...….… Concrete Block & Stucco (CBS) Interior Par��ons ……………..…….…. Metal Frame & Gypsum Board Roof Style …….…………………….….….. Flat Roof Roof Type …….…………………….……... Metal Joist & Concrete Roof Covering …….…..………….……... Membrane HVAC …………...……………..………….... Roof-Mounted Packages Electric …………...……….…..…………... 3 Phase / 2000 AMPS Plumbing …………...……….…..………... Standard Commercial Plumbing Windstorm Protec�on ……..….……. Panel Shu�ers TAXES
2012 Property Tax …………...…….…. $54,499.12 (Combined) 2012 Assessed Value …………………. $2,553,410 (Combined) ASSOCIATION
Name of COA …………..……………..…. 3900 Building Commercial Condominium Year DOC Filed ……………………......… 2006 Buildings in COA ………………………… 1 Building (80,750 SF) Units in Building ……………..……...…. 4 Units Vo�ng Rights …….……………....….….. 2 Votes (50%) COA Reimbursement % ….……...….. 53% Monthly COA Fee …….……….…...….. $4,890.43 (Projected 2013/2014) COA Fee Includes ……….……………... Insurance, Maintenance/Repair of Common Elements, and COA Management Expenses (detailed budget on next page).
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
ASSOCIATION
11713 11711
3900 Condo Associa�on Projected Expenses (2013/2014)
Expense Category Amount Property/Liability Insurance $74,889.71 Umbrella Insurance $10,337.05 Landscaping ($600/mo.) $7,200.00 Fire System $2,500.00 Emergency Backup Generator $1,800.00 General Maintenance $3,500.00 Roof Reserve $10,000.00 Legal Fees $0.00 Management Fee $500.00 Total COA Expenses $110,726.76 11711 & 11713 Percentage 53% 11711 & 11713 Total Fee $58,685.18
11711 & 11713 Monthly Fee $4,890.43
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
UNIT—11711
Condo Unit Number …………...…….. Unit #3 Vacancy ……...…..….………….….…..... 100% Square Feet ……………….…….…….….. 26,918 SF Office Space …………..…….………….... 9,435 SF (35%) Warehouse Space …………….……….. 17,483 SF (65%) Ceiling Height ………………..…….….... 16’ Clear Loading Doors ………………..……....... 1 Dock High Door Air Condi�oned ……………..…….….... 100% Fire Sprinkled ….…………...…..…….... 100% TAXES
Property Tax ID ………..…...…..……… 4841 18 BB 0030 2012 Property Tax …………...…….…. $33,589.37 2012 Assessed Value …………………. $1,571,330 Legal Descrip�on …………………..….. 3900 BUILDING COMMERCIAL CONDO UNIT 3
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
EXECUTIVE OFFICE CONFERENCE ROOM OPEN OFFICE
CONFERENCE ROOM
OPEN OFFICE OFFICE / CONFERENCE BREAK ROOM
CUBICAL AREA WAREHOUSE LOADING DOORS
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
UNIT—11713
Condo Unit Number …………...…….. Unit #2 Vacancy ……...…..….………….….…..... 100% Square Feet ……………….…….…….….. 15,632 SF Office Space …………..…….………….... 3,215 SF (21%) Warehouse Space …………….……….. 12,417 SF (79%) Ceiling Height ………………..…….….... 16’ Clear Loading Doors ………………..……....... 1 Dock High Door Air Condi�oned ……………..…….….... 100% Fire Sprinkled ……………...…..…….... 100% TAXES
Property Tax ID ………..…...…..……… 4841 18 BB 0020 2012 Property Tax …………...…….…. $20,909.75 2012 Assessed Value …………………. $982,080 Legal Descrip�on …………………..….. 3900 BUILDING COMMERCIAL CONDO UNIT 2
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
OPEN OFFICE AREA SHARED OFFICE EXECUTIVE OFFICE
RESTROOM WAREHOUSE
WAREHOUSE LOADING DOORS
KITCHEN
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
COMPARABLES
$60.78/SF (Average $/SF)
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4 5 W Sample Road
NW 39th St.
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# Comparable Address Sale Date Price/SF
1 12410 NW 39th St. 12/27/2012 $44.44
2 3950 NW 120th Ave. 2/25/2013 $97.98
3 4150 NW 120th Ave. 10/25/2011 $64.17
4 11901-11929 W Sample Rd. 6/30/2011 $48.07
5 11951-11979 W Sample Rd. 7/22/2011 $48.34
6 10401 NW 53rd St. 2/7/2012 $61.67
Average Sales Price/SF $60.78
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
COMPARABLES
12410 NW 39TH STREET
Coral Springs, FL 33065
Property Data: Sale Data: Size ……………….… 18,000 Date ……...…...…. Dec-2012 Year Built ….……. 1986 Price …………….... $800,000 Ceiling Height … 22’ Price/SF ……..….. $44.44 Mul�-tenant ….. No Comp Type …….. Inferior 3950 NW 120TH AVENUE
Coral Springs, FL 33065
Property Data: Sale Data: Size ……………….… 15,310 Date ……...…...…. Feb-2013 Year Built ….……. 1998 Price …………….... $1,500,000 Ceiling Height … 20’ Price/SF ……..….. $97.98 Mul�-tenant ….. No Comp Type …….. Superior 4150 NW 120TH AVENUE
Coral Springs, FL 33065
Property Data: Sale Data: Size ……………….… 46,752 Date ……...…...…. Oct-2011 Year Built ….……. 2002 Price …………….... $3,000,000 Ceiling Height … 22’ Price/SF ……..….. $64.17 Mul�-tenant ….. No Comp Type …….. Superior
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
COMPARABLES
11901-11929 W SAMPLE ROAD
Coral Springs, FL 33065
Property Data: Sale Data: Size ……………….… 47,849 Date ……...…...…. Jun-2011 Year Built ….……. 1987 Price …………….... $2,300,000 Ceiling Height … 20’ Price/SF ……..….. $48.07 Mul�-tenant ….. Yes Comp Type …….. Inferior 11951-11979 W SAMPLE ROAD
Coral Springs, FL 33065
Property Data: Sale Data: Size ……………….… 15,515 Date ……...…...…. Jul-2011 Year Built ….……. 1987 Price …………….... $750,000 Ceiling Height … 20’ Price/SF ……..….. $48.34 Mul�-tenant ….. Yes Comp Type …….. Inferior 10401 NW 53RD STREET
Sunrise, FL 33351
Property Data: Sale Data: Size ……………….… 30,000 Date ……...…...…. Feb-2012 Year Built ….……. 1985 Price …………….... $1,850,000 Ceiling Height … 20’ Price/SF ……..….. $61.67 Mul�-tenant ….. No Comp Type …….. Inferior
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
INCOME VALUE
$2,761,007 (Stabilized Value)
11711 & 11713 Projected Income & Expenses
Category Amount Income: Unit 11711 ($8.50psf x 26,918 SF) $228,803.00 Unit 11713 ($8.50psf x 15,632 SF) $132,872.00 Total Income $361,675.00 Expenses: Property Taxes (2012 Actual) $54,499.12 COA Fee (2013/2014 Budget) $58,685.18 Total Expenses $113,184.30
Capitaliza�on Rate 9.0%
Income Value $2,761,007.77
Net Opera�ng Income: $248,490.70
11711 & 11713 NW 39th Street | Coral Springs, Florida 33065
ASSUMPTIONS
INCOME: Income is based on a rental rate of $8.50 per square foot gross. Tenants would pay for their own liability and content insurance, as well as metered u�li�es such as electric service (FPL) and water/sewer service (City of Coral Springs).
EXPENSES: Expenses are comprised of the 2012 actual property taxes and the COA fee, including property insurance, landscaping, fire system, backup generator, general maintenance, man-agement fees and a roof reserve (see COA budget on page 10 for more details).
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
BROKER
Mr. Driver has seventeen years of successful commercial real estate brokerage, development and property management ex-perience. Throughout his extensive career, he has completed over $700 million in commercial and mul�family real estate ex-clusive disposi�ons and over $300 million in debt & equity fi-nancing transac�ons. High profile brokerage clients include: AEW Capital Management, American Land Development, Ameri-ton Proper�es, Archon Group, Archstone-Smith, Baxter Healthcare, CIGNA, City Na�onal Bank, Fannie Mae, First Market Proper�es, Highwoods Proper�es, Ocwen Finacial Corpora�on, Principal Capital Management, Sarofim Realty Advisors, TIAA-CREF, Trammell Crow Company and United Healthcare. He has been involved in the development of over 1.0 million square feet of office and industrial projects and has completed over 30 commercial and residen�al construc�on projects as a General Contractor. Addi�onally, he has performed over 1,000 property inspec�ons for ins�tu�ons such as Ci�zens Property Insurance Corpora�on, State Farm and The Har:ord, as well as numerous private clients. Mr. Driver has wri�en numerous research reports and ar�cles on the South Florida mul�family and commercial real estate markets. He has been published in periodicals such as Miami Today, The South Florida Business Journal, Florida Real Estate Journal, Mul�housing News, Urban Land (magazine), Chicago Tribune, Commercial Investment Real Estate (magazine) and Miami Herald.
DOUGLAS E. DRIVER, CCIM Principal & Broker Direct: (954) 865-1453 Fax: (954) 573-6548 Email: [email protected] Cer�fied Commercial Investment Member (CCIM) Licensed Real Estate Broker Cer�fied General Contractor Licensed Home Inspector Cer�fied Wind Mi�ga�on Inspector Cer�fied Four-Point Inspector Cer�fied Sinkhole Inspector Master of Business Administra�on (MBA) Bachelors of Science in Marke�ng / Management (BS) Associates of Science in Commercial Design (AS)
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CONTACT
INFORMATION:
Douglas E. Driver, CCIM Principal & Broker Direct: (954) 865-1453 [email protected] Meridian Realty Advisors, Inc. 5379 Lyons Road, Suite 125 Coconut Creek, Florida 33073 Phone: (754) 444-1031 Fax: (954) 573-6549 www.meridian-companies.com
11711 & 11713 NW 39TH STREET, CORAL SPRINGS, FL
DISCLAIMER:
The informa�on in this brochure has been obtained from sources deemed to be reliable; however, no representa�ons or warran�es, expressed or implied, are made as to the accuracy or completeness of said informa�on. All informa�on contained in this brochure should be independently verified by the reader.
COMPANY
ABOUT THE COMPANY
Founded in 2004, Meridian Realty Advisors, Inc. provides bro-kerage, management, and construc�on / inspec�on services for all types of commercial real estate assets throughout South Florida and the surrounding areas. Represen�ng both ins�tu-�onal and private clients, the firm has exclusively listed for sale over $60M in exclusive disposi�ons of commercial real estate assets for clients such as Archstone-Smith, City Na�onal Bank and First Market Proper�es. The firm’s property management and construc�on division has managed REO assets on behalf of some of the largest ins�tu-�ons in the world. Addi�onally, the company has built apart-ments, condominiums, charter schools, daycare centers, office space, retail buildings, hotels and luxury single-family homes. Addi�onally, the firm has inspected over 1,000 proper�es on behalf of insurance companies such as Ci�zens Property Insur-ance Corpora�on, The Har:ord, Franklin Street Insurance Ser-vices and State Farm - as well as hundreds of private clients.
MERIDIAN REALTY ADVISORS, INC 5379 Lyons Road, Suite 125 Coconut Creek, FL 33073 Phone: (754) 444-1031 Fax: (954) 573-6548 www.meridian-companies.com [email protected]
