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+/- 38.9 Acres of Industrial Land in the heart of Miami’s rapidly emerging commerce hub
H O M E S T E A D , F L O R I D A
OFFERING MEMORANDUMLand Opportunity in Homestead, Florida
H O M E S T E A D , F L L a n d O p p o r t u n i t y
www.blancacre.com
Privileged and ConfidentialPage 2
Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on assuch. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need ofindividual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, andlegal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Pastrental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed.
OFFERING OVERVIEW 3
PROPERTY OVERVIEW 4
LOCATION & VISIBILITY 5
MARKET RESEARCH 6
APPENDIX / ZONING USES 8
DISCLOSURE 9
FROM NORTH : FL Turnpike Exit 9 A, then head south on SW 107th Avenue until you
reach 280th Street / Waldin Drive. Turn left at 280th Street / Waldin Drive and proceed for
¼ mile (if you reach SW 112th Avenue you’ve gone too far).
T A B L E O F C O N T E N T S
US1
SW 1
12 A
VEN
UE
SW 280 STREET
SITE
SW 1
07 A
VEN
UESW 288 STREET
H O M E S T E A D , F L L a n d O p p o r t u n i t y
www.blancacre.com
Privileged and ConfidentialPage 3
Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on assuch. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need ofindividual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, andlegal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Pastrental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed.
Blanca Commercial Real Estate, Inc. has been appointed as theexclusive agent for the marketing and sale of +/- 38.9 acres ofindustrial zoned Land located at SW 280th Street & SW 107th Avenue,in Homestead, Miami-Dade County, Florida, 33032 (“Property”).
LOCATION & ZONING +/- 38.9 acres of Industrial Land located at the NE boundary of
Homestead Air Reserve Base, less than 2 miles from FL Turnpike and less than 5 miles from South Dixie Highway.
Situated approximately 25 miles south of Miami International Airport & The Port of Miami, two of the busiest industrial logistics transport facilities in the world.
Great development opportunity with I U- C zoning designation: Broad spectrum of permitted uses includes not only traditional industrial business types such as distribution, warehouse, storage, light manufacturing but also other commercial uses such as office, hotel/ motel, commuter college.
Limited amount of Industrial zoned land acreage in Homestead. The vast majority of land is zoned as Agricultural, followed by Residential or Community Urban Center.
OTHER BENEFITS More than 10 airports/ heliports, 40 retail centers, and 8 hospitals
are located within 15 mile radius.
Driving route north to downtown Miami and airport/ port vicinity is noted for easy access with less traffic congestion than the I-95 corridor or the Doral based Palmetto & Dolphin Expressways.
Recent announcements by major industrial tenants committed to Homestead leases will draw attention to the sub-market as a desirable destination: FedEx, Frito Lay, PepsiCo.
INDUSTRIAL SUBMARKET Q 1- 2016 (SOUTH DADE)
Tremendous Growth Over 1 Year Period 3.4 % sub-market vacancy rate reflects favorably vs. the vacancy
rate for all of Miami Dade County.
The $ 9.60 PSF average gross asking rents reflect as an increase in the rate recorded one year ago in Q 2 – 2015. But this is still a substantial savings vs. asking rents in Doral & Kendall.
The Homestead industrial sector remains ready to absorb new supply.
O F F E R I N G O V E R V I E W
Cary Cohen, Executive Vice President305.377.6590 | [email protected]
property inquiries and tours Inquiries and tour request should be directed to the following:
E X E C U T I V E S U M M A R Y
H O M E S T E A D , F L L a n d O p p o r t u n i t y
www.blancacre.com
Privileged and ConfidentialPage 4
Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on assuch. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need ofindividual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, andlegal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Pastrental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed.
P R O P E R T Y O V E R V I E W
P R O P E R T Y D E T A I L S
SALE PRICE: $ 4,000,000 ( $ 2.36 per Land SF )
PROPERTY TYPE: Vacant Land
PARCEL ID: 30-7006-000-0010 & 30-7006-000-0011
LOCATION: SW 107th Avenue & SW 280th Street Homestead, FL 33032
LAND AREA: ± 38.9 acres ( ± 1,696,226 SF )
2015 TAXES: $ 6,398
INDUSTRIAL SUB-MARKET: South Dade
ZONING TYPE: I U – C
PERMITTED USES: Warehouse, Storage, Distribution, Light Manufacturing, Hotel/ Motel, Office, Commuter College.
SITE
H O M E S T E A D , F L L a n d O p p o r t u n i t y
www.blancacre.com
Privileged and ConfidentialPage 5
Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on assuch. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need ofindividual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, andlegal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Pastrental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed.
SITE
L O C A T I O N A N D V I S I B I L I T Y
US1
SW 1
07 A
VEN
UE
SW 1
12 A
VEN
UE
SW 288 STREET
SW 268 STREET
11 MINUTES
4 MINUTES
SW 1
37 A
VEN
UE
HOMESTEAD AIRFORCE BASE
H O M E S T E A D , F L L a n d O p p o r t u n i t y
www.blancacre.com
Privileged and ConfidentialPage 6
Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on assuch. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need ofindividual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, andlegal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Pastrental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed.
POINT OF INTEREST MILES DRIVE TIME
Florida Turnpike 2.1 Miles 4 Minutes
US1 5.9 Miles 11 Minutes
Miami International Airport(Via Florida Turnpike) 27.3 Miles 25 Minutes
Port of Miami 33 Miles 33 Minutes
Brickell Financial District (Via Florida Turnpike) 32.2 Miles 35 Minutes
Ft. Lauderdale/HollywoodInternational Airport (Via I-95) 55.9 Miles 49 Minutes
Port Everglades(Via I-95) 54.7 Miles 50 Minutes
SITE
L O C A T I O N A N D V I S I B I L I T Y
12
3
5
1
2
3
4
5
6
74
67
H O M E S T E A D , F L L a n d O p p o r t u n i t y
www.blancacre.com
Privileged and ConfidentialPage 7
Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on assuch. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need ofindividual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, andlegal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Pastrental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed.
APPENDIX : ZONING USES
H O M E S T E A D , F L L a n d O p p o r t u n i t y
www.blancacre.com
Privileged and ConfidentialPage 8
Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on assuch. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need ofindividual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, andlegal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Pastrental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed.
LIST OF PERMITTED USES: Aircraft hangars and repair shops, aircraft assembling and manufacturing
Armories, arsenals
Auditoriums
Auto painting, top and body work
Boat or yacht repairing or overhauling, or boat building
Cold storage warehouses and precooling plants
Commuter colleges/universities
Distribution facility (wholesale)
Fruit packing and fruit preserving
Hotel and motel
Laboratories, material testing
Movie and television studios with indoor sound stages/studios
Office buildings
Residential uses as on premises watchman's or caretaker's quarters
Storage
Telecommunications hubs
Utility work centers—power and telephone, etc.
Warehouse
A P P E N D I X | Z O N I N G U S E S
H O M E S T E A D , F L L a n d O p p o r t u n i t y
www.blancacre.com
Privileged and ConfidentialPage 9
Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on assuch. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need ofindividual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, andlegal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Pastrental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed.
THIS IS A CONFIDENTIAL MEMORANDUM intended solely for your own limited
use in considering whether to pursue negotiations to acquire the Industrial
Land at SW 107th Avenue & SW 280th Street (the “property "or building”)
located in Homestead, FL. This confidential memorandum, which contains
brief, selected information pertaining to the business and affairs of the
Property, has been prepared by Blanca Commercial Real Estate (“BCRE”).
This confidential memorandum does not purport to be all-inclusive or to
contain all the information which a prospective purchaser may desire.
Neither Seller nor Blanca Commercial Real Estate nor any of their officers,
employees or agents make any representation or warranty, expressed or
implied, as to the accuracy or completeness of this confidential
memorandum or any of its contents and no legal liability is assumed or shall
be implied with respect thereto.
By receipt of this confidential memorandum, you agree that the
memorandum and its contents are confidential, that you will hold and treat
it in the strictest of confidence, that you will not, directly or indirectly,
disclose or permit anyone else to disclose this memorandum or its contents
to any other person, firm or entity without prior written authorization of
Seller, and that you will not use or permit to be used this memorandum or its
contents in any fashion or manner detrimental to the interest of the Seller.
Photocopying or other duplication is strictly prohibited.
THE SELLER EXPRESSLY RESERVES THE RIGHT AT ITS SOLE DISCRETION TO
REJECT ANY OR ALL PROPOSALS OR EXPRESSIONS OF INTEREST IN THE
PROPERTY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY TIME
WITH OR WITHOUT NOTICE.
If you do not wish to pursue negotiations leading to this acquisition, or if in
the future you discontinue such negotiations, you agree to return this
confidential memorandum to BCRE.
THIS CONFIDENTIAL MEMORANDUM SHALL NOT BE DEEMED A
REPRESENTATION OF THE STATE OF AFFAIRS OF THE PROPERTY OR
CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE
BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION
OF THIS MEMORANDUM. Blanca Commercial Real Estate (“BROKER”)
MAKES THE DISCLOSURE THAT ITS ROLE IS EXCLUSIVELY REPRESENTING THE
SELLER, NOT THE BUYER. THIS PROPERTY IS BEING SOLD AS AN “AS IS, WHERE
IS” SALE.
D I S C L O S U R E
investment contact:
CARY COHEN1450 BRICKELL AVENUE, Suite 2060MIAMI, FL 33131 | [email protected]
BLANCA COMMERCIAL REAL ESTATE1450 BRICKELL AVENUE, Suite 2060MIAMI, FL 33131 | 305.577.8850www.blancacre.comLICENSED REAL ESTATE BROKER
BLANCA COMMERCIAL REAL ESTATEBLANCA COMMERCIAL REAL ESTATE
investment contact: