RETAIL PROPERTY FOR SALE WYNWOOD SHOWCASE · retail property for sale 2210 nw miami court, miami,...

RETAIL PROPERTY

FOR SALE

2210 NW MIAMI COURT, MIAMI , FL 33127

WYNWOODSHOWCASE

1356 SW 8 STREET #202

MIAMI, FL 33135

APEXCAPITALREALTY.COM

PRESENTED BY:

MIGUEL PINTO

[email protected]

PROPERTY INFORMATION 3

LOCATION INFORMATION 10

SALE COMPARABLES 15

DEMOGRAPHICS 21

APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 2

CONTENTSCONFIDENTIALITY & DISCLAIMER

A P R I L 1 8 , 2 0 1 8

TABLE OF CONTENTS

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 orwarranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack ofcompliance with applicable governmental requirements, developability or suitability, financialperformance of the property, projected financial performance of the property for any party’s intendeduse or any and all other matters.

Neither Apex Capital Realty, LLC its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the any materialsor information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct ofits own due diligence to determine these and other matters of significance to such party. Apex CapitalRealty, LLC will not investigate or verify any such matters or conduct due diligence for a party unlessotherwise 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 allinformation and to conduct their own inspections and investigations including through appropriatethird party independent professionals selected by such party. All financial data should be verified bythe party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. Apex Capital Realty, LLC makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data orassumptions. Apex Capital Realty, LLC does not serve as a financial advisor to any party regarding anyproposed transaction. All data and assumptions regarding financial performance, including that usedfor financial modeling purposes, may differ from actual data or performance. Any estimates of marketrents and/or projected rents that may be provided to a party do not necessarily mean that rents canbe established at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order todetermine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions should bediscussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements should bediscussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by Apex Capital Realty, LLC incompliance with all applicable fair housing and equal opportunity laws.

FOR MORE INFORMATION APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM

MIGUEL [email protected]

S E C T I O N 1

PROPERTY INFORMATION


OFFERING SUMMARY

Sale Price: $3,995,000

Lot Size: 13,345 +/- SF

Year Built: 1946

Building Size: 6,430 SF

Zoning: T5-O

Market: Wynwood

Price / SF: $621.30

Price / SF: $299.36

Apex Capital Realty is pleased to offer for sale a 6,400+/- SF existing building with gated parking on a corner sitting on13,345+/- SF lot. This represents an amazing value-add, adaptive reuse opportunity with T5-O zoning. The property allowsfor a +/- 53,380 square feet development and 19 residential. This is one of the best covered land plays in Wynwood, thereis tremendous upside in the lease-up of the existing vacant building with approved plans and huge upside potential in thefuture with a vertical development opportunity. The location of this property is on the same block as Wynwood Arcade andwalking distance to Arts Charter School, Wynwood Walls, 1-800 Lucky and other major tenants along NW 2 Avenue and NMiami Avenue.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Value-Add Opportunity to re-position property to a high Cap Rate

• Favorable Land Basis

• Located in the heart of Wynwood, one of the most popular emerging neighborhoods with a global reputation

• Strong Rent Growth Potential

• Walking distance to Wynwood’s iconic attractions including the famed Wynwood Walls

• Private Gated Parking

2 2 1 0 N W M I A M I C O U R T , M I A M I , F L 3 3 1 2 7

WYNWOOD SHOWCASE EXECUTIVE SUMMARY


APPROVED PLANS & CONCEPTUAL RENDERINGS



PROPOSED SPACE DIVISIONS



CURRENT STATE OF PROPERTY PHOTOS




SURVEY



S E C T I O N 2

LOCATION INFORMATION



REGIONAL MAP


2210 NW Miami Court


AERIAL MAP



WYNWOOD MAP


WYNWOOD DEVELOPMENT IN THE NEWS




S E C T I O N 3

SALE COMPARABLES


SUBJECT PROPERTY

2210 NW Miami Court | Miami, FL 33127

$3,995,000Sale Price: 0.31 ACLot Size:

1946Year Built: 6,430 SFBuilding SF:

$621.31Price PSF:

1

97 NW 25 ST

Miami, FL 33127


4,804 SFBuilding SF: $910.70Price PSF:

10/01/2016Closed:

1

2

2200 NW 1 AVE

MIami, FL 33127



04/01/2017Closed:

2


SALE COMPS


3

2250 NW 1 AVE

MIAMI, FL 33127



04/01/2016Closed:

3

4

2301 N MIAMI AVE

Miami, FL 33127



08/01/2016Closed:

4

5

2335 N MIAMI AVE

Miami, FL 33127



03/01/2018Closed:

5


SALE COMPS


6

21 NE 26 ST

Miami, FL 33127



04/01/2016Closed:

6


SALE COMPS


SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS

2210 NW Miami Court2210 NW Miami Court

Miami, FL 33127

$3,995,000 6,430 SF $621.31 - -

SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

97 NW 25 STMiami, FL33127

$4,375,000 4,804 SF $910.70 - - 10/01/2016

2200 NW 1 AVEMIami, FL33127

$17,000,000 36,076 SF $471.23 - - 04/01/2017

2250 NW 1 AVEMIAMI, FL33127

$5,000,000 7,364 SF $678.98 - - 04/01/2016

2301 N Miami AveMiami, FL33127

$8,500,000 12,803 SF $663.91 - - 08/01/2016

2335 N Miami AveMiami, FL33127

$14,000,000 35,176 SF $398.00 - - 03/01/2018

21 NE 26 STMiami, FL33127

$5,000,000 6,377 SF $784.07 - - 04/01/2016

PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

Totals/Averages $8,979,167 17,100 SF $525.10 - -

1

2

3

4

5

6


SALE COMPS SUMMARY


2210 NW Miami Court | Miami, FL 33127SUBJECT PROPERTY

1 Miami, FL33127

97 NW 25 ST 2 MIami, FL33127

2200 NW 1 AVE 3 MIAMI, FL33127

2250 NW 1 AVE 4 Miami, FL33127

2301 N MIAMI AVE

5 Miami, FL33127

2335 N MIAMI AVE 6 Miami, FL33127

21 NE 26 ST


SALE COMPS MAP



S E C T I O N 4

DEMOGRAPHICS


1 MILE 2 MILES 3 MILES

Total population 22,801 96,971 235,156

Median age 34.1 35.0 36.2

Median age (Male) 34.7 34.0 34.6

Median age (Female) 33.3 36.1 37.6

Total households 8,153 34,663 89,267

Total persons per HH 2.8 2.8 2.6

Average HH income $40,436 $40,579 $43,319

Average house value $232,334 $304,180 $408,806

Total Population - White 11,490 54,321 146,042

% White 50.4% 56.0% 62.1%

Total Population - Black 9,551 34,906 73,942

% Black 41.9% 36.0% 31.4%

Total Population - Asian 197 1,324 2,303

% Asian 0.9% 1.4% 1.0%

Total Population - Hawaiian 0 0 35

% Hawaiian 0.0% 0.0% 0.0%

Total Population - American Indian 42 88 156

% American Indian 0.2% 0.1% 0.1%

Total Population - Other 1,029 4,844 9,585

% Other 4.5% 5.0% 4.1%

Total Population - Hispanic 11,152 54,701 146,329

% Hispanic 48.9% 56.4% 62.2%

* Demographic data derived from 2010 US Census


DEMOGRAPHICS REPORT


POPULATION 1 MILE 2 MILES 3 MILES

Total population 22,801 96,971 235,156

Median age 34.1 35.0 36.2

Median age (Male) 34.7 34.0 34.6

Median age (Female) 33.3 36.1 37.6

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 8,153 34,663 89,267

# of persons per HH 2.8 2.8 2.6

Average HH income $40,436 $40,579 $43,319

Average house value $232,334 $304,180 $408,806

* Demographic data derived from 2010 US Census


DEMOGRAPHICS MAP

1356 SW 8 Street #202Miami, FL 33135T [email protected]

MIGUEL PINTO

President, Managing Broker



RETAIL PROPERTY FOR SALE WYNWOOD SHOWCASE · retail property for sale 2210 nw miami court, miami,...

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