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11405 SW 82ND AveMiami, Florida, 33156

Offering Memorandum

8 SINGLE FAMILY HOMEGATED DEVELOPMENT SITE

FOR SALE

THE OFFERINGThis confidential Offering Memorandum was prepared by Coldwell Banker Residential Real Estate/NRT ("CB") and has been reviewed by Casa Saika LLC (“Saika”). It contains selected information pertaining to the Property and does not purport to be all-inclusive, nor to contain all the information that a prospective investor may desire. This presentation is not an offer to sell or a solicitation to buy any securities, and is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement, or advice as to the actual return of this investment.

Except for any historical information, such matters discussed herein are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, and could result in the loss of principal. Each prospective investor is to rely upon its own investigation, evaluation and judgment as to the advisability of the investment described herein.

Sources of information contained within this Offering Memorandum include, but are not limited to: CoStar, Integrated Realty Resources, Google, MLS, and the US Census Bureau. Saika expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers and/or to terminate discussions with any party at any time with or without notice. Saika shall have no legal commitment or obligation to any investor reviewing this Offering Memorandum or making an offer to invest in the Property unless a written agreement has been fully executed, delivered, and approved by Saika and any conditions to Saika’s obligations thereunder have been satisfied or waived.

This Offering Memorandum is the property of CB and may only be used by parties approved by CB and Saika The Property is being privately offered and by accepting this Offering Memorandum, the party in possession hereof agrees that its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of CB.The terms and conditions set forth apply to this Offering Memorandum in its entirety.

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Table of Contents

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EXECUTIVE SUMMARY 4

LOCATION MAP 5

PROPERTY PHOTOS 6

PROPOSED SITE PLAN 12

MARKET ANALYSIS 14

LOCATION OVERVIEW 21

CONCLUSION 24

Folio Address Lot Size30-5010-007-0122 11405 SW 82 AVE 31,799 SF

30-5010-007-0140 7990 SW 112 ST 77,536 SF

30-5010-007-0121 7990 SW 112 ST 30,927 SF

30-5010-007-0151 - 26,136 SF

EXECUTIVE SUMMARY

!4EXECUTIVE SUMMARY

Freeman Property Group at Coldwell Banker is pleased to present the exclusive opportunity to acquire “ Pineland Estates”, 3.82 acres of beautiful, vacant land ready to be developed into a gated community of eight (8) single family estate homes in the heart of Miami.

Located at 11405 SW 82 Ave, the property is ideally situated in the Kendall and Pinecrest area, known for its superior schools, award-winning hospitals, beautiful parks, and variety of dining and shopping experiences. The property features frontage along SW 82 Ave and is surrounded by beautiful estate homes. The site can be delivered at closing with plat approval and an active water and sewer agreement in place with Miami-Dade County. Seller financing is also available.

Total Lot Size (SF) 166,398

Price $3,895,000

Price Per SF $23.41

KILLIAN DRIVE

82 AVE

LOCATION MAP !5

LOCATION MAP

SchoolsRetail & GroceryRecreationHospitalsSubject Property

Baptist Hospital of Miami

Miami Palmetto Senior High School

Vineland K-8 CenterPalmetto Middle School

Dadeland Mall

Dadeland Station

South Miami Hospital

Whole Foods Market Suniland Shopping Center

Trader Joes

Target Superstore

Publix Supermarket

The Shops at Sunset Place

The Falls

Miami Dade College

Kendall Indian Hammocks Park

Killian Palms Golf Club

Pinecrest Garden Cultural Arts Park

Deering Bay Yacht & Country Club

Gulliver Preparatory Senior High

Gulliver Preparatory PreK-8

LOT 1

LOT 2

LOT 3

LOT 4

LOT 5 LOT 6 LOT 7

LOT 8SW 114th TERRACE

N

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PROPERTY PHOTO

PROPERTY PHOTOS

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PROPERTY PHOTO

SW 82

ND AVE

PROPERTY PHOTOS

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PROPERTY PHOTO

SW 82ND AVE

PROPERTY PHOTOS

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AERIAL PHOTO

SW 82ND AVESW 112th ST

PROPERTY PHOTOS

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AERIAL PHOTO

SW 82

ND AVE

SW 112th ST

PROPERTY PHOTOS

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AERIAL PHOTO

SW 82ND AVE

SW 112 th ST

PROPERTY PHOTOS

PROPOSED SITE PLAN !12

PINELAND ESTATES BOUNDARY SURVEY

LOT 1

LOT 2

LOT 3

LOT 4

LOT 5 LOT 6 LOT 7LOT 8

SW 114th TERRACE

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The property is in the plat approval process for a gated development of eight (8) single family home estates as shown above. A water and sewer agreement is also being finalized with Miami-Dade County and will be delivered active at closing. Below are the sizes of each of the eight (8) platted lots.

LOT # 1 2 3 4 5 6 7 8

LOT SIZE (SF) 23,329 16,372 16,269 15,020 26,645 15,679 16,006 15,995

UNIT SQUARE FEET BREAKDOWN

PINELAND ESTATESPROPOSED PLAT

!13PROPOSED SITE PLAN

NEIGHBORHOOD

1 2 3

65 7New Construction For Sale $2,495,000

Land For Sale $990,000 ($25.83 Per SF)4New Construction

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1

23

4 56

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SURROUNDED BY LUXURY

The subject property sits just south of SW 112 Street with an entrance along SW 82 Ave. The surrounding property features several recently built estate homes that exceed $2 million in value.

MARKET DATA & ANALYSIS

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MARKET DATA & ANALYSIS

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On the following pages you will find information on the following:

• RELEVANT CLOSED LAND SALES

• NEW CONSTRUCTION HOMES RECENTLY SOLD

• NEW CONSTRUCTION HOMES FOR SALE

• SIMILAR DEVELOPMENT

• VALUATION SUMMARY

MARKET DATA & ANALYSIS

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RELEVANT CLOSED LAND SALES

Avg Sales Price $642,900

Avg Lot Size 21,723

Avg $ / SF of Land $29

ADDRESS SALES PRICE

CLOSING DATE

LOT SIZE

$/ SF of LAND DISTANCE

1 7750 SW 98 St $1,187,500 08/03/2018 30,000 $40 0.9 Miles

2 SW 107 St & SW 84 Ave (Folio 30-5010-018-0090) $425,000 02/09/2018 18,019 $24 0.5 Miles

3 11907 SW 70th Ave $700,000 01/26/2018 19,540 $36 1.0 Miles

4 7625 SW 118th St $392,000 04/18/2017 16,330 $24 0.6 Miles

5 12850 SW 81st Ave $510,000 01/19/2017 24,727 $21 1.0 Miles

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These five land sales within approx. 1 mile of the subject property demonstrate the average land sale prices in the area on a per square foot basis.

COMPARABLE SALES

MARKET DATA & ANALYSIS

ADDRESS SALES PRICE

CLOSING DATE SF $/SF YR BUILT LOT SIZE BEDS BATHS DISTANCE

1 9121 SW 69th Ct $2,480,000 8/17/18 6,769 $366.00 2016 15,991 5 4.5 1.7 Miles

2 9350 SW 69th Ct $2,525,000 6/11/18 6,400 $395.00 2018 22,000 5 6.5 1.5 Miles

3 7800 SW 128 ST $2,700,000 5/2/18 5,771 $362.00 2017 33,541 5 6 0.9 Miles

4 9250 SW 117 Ter $2,335,000 11/26/18 5,601 $416.89 2018 37,462 6 6 1.1 Miles

5 8900 SW 118th St $2,000,000 11/15/17 6,000 $333.00 2017 33,585 7 7 0.9 Miles

NEW CONSTRUCTION HOMES - RECENTLY SOLD

Avg Sales Price $2,408,000

Avg Available SF 6,108

Avg $ / SF $375

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These five recently closed sales are homes that were built in 2016 or sooner, to h e l p u n d e r s t a n d t h e d e v e l o p m e n t s a l e s potential of the 8 individual homes planned for the subject property.

RELEVANT SALES

MARKET DATA & ANALYSIS

NEW CONSTRUCTION HOMES - AVAILABLE FOR SALE

ADDRESS LIST PRICE SF $/SF YR BUILT LOT SIZE BEDS BATHS DISTANCE

1 11085 SW 88 Ct. $2,175,000 4,685 $464 2017 34,529 6 5.5 0.7 Miles

2 7920 SW 122 St $2,900,000 7,149 $406 2018 40,510 6 7 0.5 Miles

3 9505 SW 72 CT $2,950,000 5,906 $499 2018 15,542 6 7.5 1.4 Miles

4 9440 SW 117th Ter $2,260,000 6,450 $350 2018 38,420 5 5 1.4 Miles

5 9139 SW 69th Ct $2,895,000 7,218 $401 2017 16,771 7 6.5 1.8 Miles

6 11335 SW 82 Ave $2,495,000 7,500 $333 2018 38,333 7 6.5 .05 Miles

7 8290 SW 120th St $2,600,000 6,200 $419 2019 15,000 6 8 0.5 Miles

Avg List Price $2,610,714Avg Available

SF6,444

Avg $ / SF $410

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2

1 6

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RELEVANT LISTINGS

The average asking price for the new construction homes shown to the left is approx. $410/sf, once again demonstrating the sales potential for the 8 homes planned to be built on the subject proper ty. A gated community should increase value and security as well.

MARKET DATA & ANALYSIS �18

SIMILAR DEVELOPMENT

VERIDIAN GROVEAddress 8290 SW 120 St

Status Pre-construction Sales

Number of Homes 20

Current Asking Prices $2,600,000 - $2,900,000

Estimated Asking Price $433 / SF

Veridian Grove is an architecturally singular enclave of 20 custom estate homes, which

combine luxury and fine craftsmanship. The property is located in nearly identical proximity

west of US 1 as the Subject Property.

Residents will enjoy blissful privacy, but have easy access to Miami’s turquoise water-fringed beaches, its pastel-hued Art Deco district,

boutique shops, dining and entertainment.

Affording the very best residential luxury, thoughtful design and verdurous vistas in Miami,

the gated estate community of Veridian Grove delivers on a promise: privileged, opulent living —

in the heart of everything.

The project will feature 20 residences, ranging in size from 5,996 square feet to 6,684 square feet , starting at $2.6 million. Each home will be on a

15,000-square-foot lot.

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VALUATION SUMMARY

!20MARKET DATA & ANALYSIS

The table to the right shows the average price per per square foot calculated from the comparable properties.

At the average price per square foot listed above, the estimated total sellout of the proposed development on the subject property exceeds $17 million based on 5,250 sf homes. The offering price of the new homes is also at a lesser price point than the comparable development of Veridian Grove. A buyer could also develop smaller homes to reduce construction costs as well.

Comparable Homes Average Price Per SFRelevant Homes Sold $375

Relevant Listings $410

Similar Development $433

Average Price Per SF $406

Lot Home SF $ Per SF Sales Price#1 5,250 $406 $2,131,500

#2 5,250 $406 $2,131,500

#3 5,250 $406 $2,131,500

#4 5,250 $406 $2,131,500

#5 5,250 $406 $2,131,500

#6 5,250 $406 $2,131,500

#7 5,250 $406 $2,131,500

#8 5,250 $406 $2,131,500

42,000 $17,052,000

PROJECTED SELL OUT

PRICE PER SF

***THESE PRELIMINARY PROJECTIONS ARE BASED UPON ASSUMPTIONS CONCERNING FUTURE EVENTS AND CIRCUMSTANCES, WHICH ARE INHERENTLY SUBJECT TO UNCERTAINTY AND VARIATION DEPENDING UPON EVOLVING EVENTS, THUS NO REPRESENTATIONS ARE BEING MADE THAT PROJECTIONS WILL ACTUALLY BE ACHIEVED AND THE PROJECTIONS SHOULD NOT BE RELIED UPON FOR SUCH PURPOSES.***

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LOCATION OVERVIEW

LOCATION OVERVIEW

SW 82ND AVE

SW 112 th ST

SUBJECT PROPERTY

LOCATION OVERVIEW

LOCATION OVERVIEW !22

EDUCATION DISTANCEPRIVATE SCHOOLGulliver Prepatory Senior High School 2.3 MilesGulliver Prepatory PreK-8 2.6 MilesRansom Everglades School 6.3 Miles

PUBLIC SCHOOLSVineland K-8 Center .5 MilesPalmetto Middle School 1.1 MilesMiami Palmetto Senior High .6 Miles

UNIVERSITIESUniversity of Miami 4.6 MilesFlorida International University 6.7 Miles

HOSPITALSBaptist Hospital 2.4 MilesSouth Miami Hospital 3.1 Miles

AIRPORTS DISTANCEMiami International Airport 8.5 MilesMiami Executive AIrport 5.5 Miles

RETAIL DISTANCEDadeland Mall 1.7 MilesDadeland Station 2.2 MilesSuniland Shopping Center .5 MilesThe Shops at Sunset Place 3.6 MilesThe Falls Mall 1.5 Miles

GROCERY STORES DISTANCETrader Joes 1.5 MilesPublix 1.4 MilesWhole Foods .5 Miles

DEMOGRAPHICS - 33156

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Population by Age9 Years Old or Under 4,066 13%

10 to 17 Years Old 4,242 14%

18 to 24 Years Old 2,180 7%

25 to 39 Years Old 5,164 17%

40 to 64 Years Old 11,497 37%

65 Years Old or Over 3,755 12%

Household IncomeLess than 30,000 1,868 181800%

30,000 to 74,999 2,641 25%

75,000 to $149,000 2,644 25%

25 to 39 Years Old 3,481 33%

$150,000 or More33%

$75,000 to $149,99925%

$30,000 to $74,99925%

Less than $30,00018%

9 Yrs or Under

10 to 17 Yrs

18 to 24 Yrs

25 to 39 Yrs

40 to 64 Yrs

65 Yrs or Over

0 3,000 6,000 9,000 12,000

LOCATION OVERVIEW

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ADAM FREEMAN | Exclusive Listing Agent Coldwell Banker Cell 305.962.6900 Adam@FreemanPropertyGroup.com

The surrounding Pinecrest area and 33156 zip code continues to be one of the most desirable places to live in all of Miami. This is the perfect opportunity for an established single family home developer or one who is looking to enter the Miami-Dade market, to build a quality gated community product in a safe neighborhood with strong demographics, that continues to increase in value.

The development size is easily manageable and since the property will be delivered with an active water and sewer agreement in place and plat approval, it is a project that is ready for development with the chance for great returns.

Seller financing is available as well, potentially reducing the need for significant start-up capital. For more information or to schedule a tour contact us today!

CONCLUSION

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