DORAL LAND58TH STREET

NW 58th St. Land is a 2.90-acre development site with 200 feet of frontage at

the intersection of NW 58th Street and 102nd Avenue in Doral (19,800 average

daily traffic count). The site is currently zoned CC (Corridor Commercial)

and has a future land use of Business. The Business land use designation

accommodates the full range of sales service activities including retail,

wholesale, personal and professional services, commercial and professional

offices, hotels, motels, hospitals, theaters, medical buildings, nursing homes,

entertainment and cultural facilities, amusement and commercial recreation

establishments. Building height is limited to no more than six (6) stories and

landscaped open space must comprise a minimum of 15% of a project site.

Floor area ratio (FAR) is limited to 0.5 for the first floor and 0.25 for every

additional floor, exclusive of structured parking. In the Business land use strip

immediately west of the Miami-Dade County Resource Recovery Facility along

(theoretical) NW 102nd Avenue, uses that exhibit 24-hour site usage such as

hotels, motels, hospitals, and nursing homes are not allowed.

The City of Doral is South Florida’s most rapidly urbanizing center and has

the fastest growing residential segment in Miami-Dade County including

single family, townhome, multi-housing rental and condominium projects with

over 17,000 residential units approved and in various stages of development.

The City has over 3,000 logistic related companies supporting national and

international trade; with sister cities throughout the world. Over 150,000

employees work in Doral and it is home to a wide variety of Fortune 500

companies and headquarters. National and international examples include

Carnival Corporation, Marriott International, Univision, Carnival, Pepsi, and

Ryder. The Miami Airport office submarket that encompasses Doral represents

the largest office market in Miami with over 10.6 million square feet of space.

The area surrounding the property boasts some of the strongest demographics

in Miami-Dade with an average income exceeding $78,000; more than 25%

higher than the county average. The property is surrounded by significant

commercial development but also dense residential populations.

OPPORTUNITY OVERVIEWOPPORTUNITY OVERVIEW

DORAL LAND INVESTMENT SUMMARY

Address NW 58th St. and 102nd Ave

Land Acreage 2.9

Zoning Corridor Commercial

Future Land Use Business

Type Office, Retail, Hotel

LOCATION (DORAL)

SIZE (ACRES)

DATE SOLD

BUYERSALE PRICE

4101 NW 25th St (3 Properties) 2.1 7/27/18 Withheld 3,800,000

4402 NW 87th Ave 2.1 3/22/18 Greystar Real Estate Partners 13,574,500

9480 NW 58th St (3 Properties) 2.6 4/27/17 Baptist Health South Florida (BHSF) 6,700,000

2550 NW 100th Ave (2 Properties) 3.0 12/29/17 Oscar Belloso 4,241,300

NW 66th St 3.0 1/12/17 Withheld Withheld

8181 NW 36th St (2 Properties) 4.1 11/9/15 Keystone Holdings Group 9,000,000

8400 NW 53rd St 4.7 5/2/17 Invesco Advisors, Inc. 6,352,500

COMPARABLE LAND SALES

1

7

5

4

2 6

3

COMPARABLE LAND MAP

1 4101 NW 25th St

2 4402 NW 87th Ave

3 9480 NW 58th St

4 2550 NW 100th Ave

5 NW 66th St

6 8181 NW 36th St

7 8400 NW 58th St

CHRISTOPHER WOOD

+1 954 745 5852

Christopher.wood@cbre.com

DORAL LAND58TH STREET

WWW.DORALLAND.COM

ALINA PLASENCIA

+1 305 381 6440

Alina.plasencia@cbre.com