FOR SALE Sale Price $19,387,000 · FLOOR LOT RATIO 7 GROSS DEVELOPMENT 186,200 SF GROSS DEV. W/ 25%...

200 SW 8 Street________________________________________________________________________ Miami, Florida

Exclusively Listed with Alfonso Jaramillo - [email protected] - 305.975.5020

FOR SALE

Unique Hard Corner in the center of Brickell to Build a World Class Project

with 122 residential or 244 hotel units plus retail

Sale Price $19,387,000

Exclusively Listed with Alfonso Jaramillo [email protected]

305.975.5020

Brickell Citi Centre

SUBJECT 200 SW 8 St.



CONFIDENTIALITY OF THIS REPORT This is a confidential report on the subject property intended for your sole use to determine if you wish to express further interest in the subject property. The confidential report contains brief information about the property offered for sale. It is subject to changes that can appear at any time, and will replace all previously reported information. This report contains estimates, projections and information about the property, and the members, directors, executives, managers and employees related to the property or Fortune International Realty do not assume any responsibility for the information contained in this report, for the accuracy and it’s effects, to notify any changes on the information or this report, or for any decisions based on the information contained herein. All data on the property is provided for information purposes. Fortune International Realty encourages the recipients of this report to thoroughly review and independently verify to recipient own satisfaction that the data provided are substantially representative of the property and can be realized upon when considering any interest of said property. Recipient of this report acknowledges that he has been advised to seek the independent counsel of an attorney and/or an accountant to verify the information on the property and to examine any and all applicable documentation relevant to the transaction.

The information contained in this report is confidential. The recipient agrees that he will not disclose any of the contents contained in this report without prior authorization from Fortune International Realty.



TABLE OF CONTENTS

1. ABOUT THE PROPERTY

2. LOCATION

3. BRICKELL CITI CENTRE

4. SUMMARY OF AREA DEVELOPMENTS

5. SURVEY

6. RECENT COMPARABLES

7. RELEVANT NEWS



PROPERTY INFORMATION ADDRESS 200 SW 8 Street, Miami, FL 33130 TAX FOLIOS 01-0205-080-1010 DESCRIPTION Unique Brickell Corner LOCATION Center of Brickell TOTAL LAND AREA 26,600 SF ZONING T 6 – 24 O FLOOR LOT RATIO 7 GROSS DEVELOPMENT 186,200 SF GROSS DEV. W/ 25% BONUS 232,750 SF

ASKING PRICE $ 19,387,000 PRICE / RESIDENTIAL UNIT $ 158,740 PRICE / HOTEL KEY $ 79,370 PRICE/SQFT $ 729



PROPERTY DETAILS

LOCATION The land is ideally located at the entrance to Brickell on SW 8th St. It is:

• 1 Block to Brickell Citi Centre

• One block East of I-95.

• 1 Block to Mary Brickell Village

• 2 Blocks from Metrorail Brickell Station

• 3 Blocks to Financial District Demand for residential units, hotel

rooms or short term rentals in this area significantly benefit from a 24/7 area where tens of thousands of people Live, Work and Play.

PROPERTY The land is suitable for a boutique

mixed use project that can include retail on ground floor and mezzanine level; and up to 122 residential units or 244 hotel rooms, or a mix between both.



LOCATION

The development opportunity is ideally located at the entrance to Brickell on SW 8th Street

S


Brickell Citi Center





LOCATION






UNIQUE LOCATION BY BRICKELL CITI CENTRE

As seen on all the previous location pictures 200 SW 8TH Street is located just 1 block from World Class Brickell Citi Center. This 24/7 unique live style property currently has:

• Two Residential towers – Reach and Rise with 893 Condominium Units

• The East Hotel with 243 Hotel Rooms

• 500,000 SF of Retail Space anchored by Saks Fifth Avenue and other world class retailers that include Apple, Zara, Hugo Boss, Audemars Piaget, Coach, Chopard, Intermix, Nest Casa, Onda de Mar, Victoria Secret Porshe Design and Swaroski among others



• Food and Beverage – More than 13 dining options that include Quinto La Huella, Italian Food Hall, Casa Tua, Tacology, Luke’s Lobster and Pubbelly Sushi among others

• Entertainment - CMX Cinema

• 150,000 SF Class A Office Building with world class companies such as law firm Akerman LLP, We Work and McKinsey & Company

One Brickell Citi Centre will be the second phase of the project and will start construction in 2019. It would rise up to 80 stories and have 677,000 SF of Class A office Space, 67,000 SF of Retail, 256 Condominiums and a hotel with 120 rooms. Lastly, BCC continues to expand!!!! It was just announced that Swire will enter into a Joint Venture with Carlos Mattos to co-develop the 72,000 SF lot North of BCC where Oyster Bar and the old Tobacco Road bar used to be. According to the Real Deal – “Another block is being added to the plans of developer Swire Properties next to the Brickell City Centre development. Swire has agreed to a deal with Carlos Mattos to co-develop the property where the Tobacco Road bar once stood. Mattos owns the entire 72,000-square foot triangular block. A residential development is planned for the site.” For more information go to:

https://www.thenextmiami.com/brickell-city-centre-developer-expanding-yet-another-block/

For more information on Brickell Citi Centre you can visit – http://brickellcitycentre.com/work/overview



UNIQUE LOCATION CLOSE TO MAJOR DEVELOPMENTS

Subject Property – 26,600 SF for 122 Residential or 244 Hotel Rooms

Brickell Citi Centre - 893 Condominium Units, 243 Hotel Rooms, 500,000 Retail, 150,000 SF Office Building

Brickell Heights – 649 Condominiums, plus retail and office

SLS Lux – 450 Hotel and Condominium Residences plus Retail

Solitair Brickell – 321 Rental Units

Chetrit -1,678 Residential Units, 330 hotel rooms and 266,000 of office and retail space

Finvarb/Metro 1 Properties – Planned Mix Use

Metrorail Station – Access to Miami International Airport, South Miami, Financial District Down



PROPERTY SITS ON THE MIDDLE OF THE BRICKELL GROWTH EXPLOSION

$ 10 BILLION of Real Estate Value Created in the last 7 years - The Manhattan of the South

7,000 Condominium Units

1,500 Rental Units

1,622 Hotel Rooms

700,000 SF of Retail Space

200,000 SF of Office Space



COMPLETED PROJECTS

o Brickell Citi Centre - 893 Condominium Units, 243 Hotel Rooms, 500,000 Retail, 150,000 SF Office Building

o Aloft Hotel – 160 Rooms o My Brickell – 192 Condominiums o Millecento – 382 Condominiums o West Brickell Tower, Vista Grande Apartments, Citi High

Apartments, Citi Crossings and West Brickell View – 462 Affordable Housing Units

o Brickell House – 374 Condominiums o Brickell Heights -649 Condominiums o Nine at Mary Brickell Village – 390 Condominiums o Broadstone – 378 Rental Units o SLS – 583 Condominiums and Hotel Rooms o SLS Lux – 456 Condominiums and Hotel Rooms o Solitair – 321 Rental Units o The Bond – 323 Condominiums o Cassa Brickell – 81 Condominiums o Le Parc – 128 Condominiums o 1010 Brickell – 387 Condominiums o Echo Brickell – 180 Condominiums o Brickell Ten – 149 Condominiums o Atton Hotel – 275 Hotel Rooms o Homewood Suites – 102 Hotel Rooms

UNDER CONSTRUCTION PROJECTS

o Flatiron – 556 Condominiums o Maizon Brickell – 262 Rental Units o Panorama Tower – 821 Rental Units, 208 Hyatt Hotel, 100,000

SF of Office and 50,000 SF of Retail o Indigo Hotel – 230 Units



PLANNED PROJECTS

o Chetrit - 1,678 Residential Units, 330 hotel rooms and 266,000

of office and retail space o Galwan – 454 Hotel Rooms o Smart Brickell – 150 Condominiums and 150 Hotel Rooms o Finvarb/Metro 1 Mixed Use o Citizen Hotel



SURVEY



RECENT SALES

Address Land Size Sale Date Sale Price $/SF $/Resi Door

115 SW 8 Street 28,866 1/19/2017 18,400,000$ 637$ 138,832$

90 SW 8th Street 21,210 7/20/2017 29,450,000$ 1,388$ 120,966$

955 South Miami Avenue 10,956 10/2/2017 16,180,000$ 1,477$ 128,660$

Subject Property – 26,600 SF for 122 Residential or 244 Hotel Rooms

Finvarb/Metro 1 Properties – Hotel, Condominiums and Retail

Gazit – Future Retail

Perricones Site – Citizens Hotel



ADDITIONAL AVAILABLE DOCUMENTS

• PDF Survey

• Title

• Wendy’s Lease with Expiration on 2019

• Recent Appraisal

• 2016 Downtown Development Authority Demographics

• Estimated Development Proforma



MOST SIGNIFICANT PRESS ANNOUNCEMENTS


Brickell Citi Center was the largest mixed use development in the South Eastern United States during the current real estate cycle. The property 870 high end residential condominiums, the East Hotel from Mandarin Oriental, and more than 500,000 Square Feet of Flagship Retail and Office Building.

Brickell City Centre shops opening Years in the making, Brickell City Centre’s open-air retail center is launching on Thursday, bringing 500,000 square feet of new retail and restaurant offerings to Miami’s urban core.

https://therealdeal.com/miami/2016/11/01/brickell-city-centre-shops-opening-thursday-with-saks-and-a-dozen-stores/



Panorama Tower

Developer of Miami’s tallest tower taps Fortune to handle apartment leasing Move-ins expected for March, hotel to open in February

By Katherine Kallergis | January 16, 2018 10:30AM

The 85-story development at 1100 Brickell Bay Drive will open in two phases, starting with the 208-room Hyatt Centric hotel in February. Residents will be able to move into the building’s 821 units the following month. Once Panorama is completed, the 868-foot tower will be the highest in Florida and the tallest residential tower south of Manhattan. https://therealdeal.com/miami/2018/01/16/developer-of-miamis-tallest-tower-taps-fortune-to-handle-apartment-leasing/



Flatiron Brickell

Brickell Flatiron taps Fortune to handle sales

By Katherine Kallergis | September 27, 2017 01:00PM

Brickell Flatiron is 70 percent sold, a spokesperson said. Prices range from about $500,000 to $2.5 million, and up to $15.5 million for penthouses. Units will range from one to five bedrooms and will go up to nearly 6,300 square feet.

https://therealdeal.com/miami/2017/09/27/brickell-flatiron-taps-fortune-to-handle-sales/



Chetrit

Chetrit presents ambitious project along the Miami River Plans call for four 60-story towers with a marina, 300-room hotel and 1,449 condo units

The 6.5 Acre site is located 3 blocks from the Historic Miami River Hotel between between NW 7th Street, 3rd Avenue and the Miami River. The Chetrit Group is planning to bring four 60-story towers to the Miami River. The towers would include a marina, 300-room hotel and 1,449 condo units. Dubbed the Miami Riverwalk, the towers would sit on a 6.5-acre area bordered by the river, Southwest Seventh Street, Southwest Third Avenue and Southwest Second Avenue, according to Miami Today.

http://therealdeal.com/blog/2014/05/22/chetrit-presents-ambitious-project-along-

the-miami-river/

FOR SALE Sale Price $19,387,000 · FLOOR LOT RATIO 7 GROSS DEVELOPMENT 186,200 SF GROSS DEV. W/ 25%...

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Transcript of FOR SALE Sale Price $19,387,000 · FLOOR LOT RATIO 7 GROSS DEVELOPMENT 186,200 SF GROSS DEV. W/ 25%...