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21291 NE 28th Avenue, Aventura, FL 33160
Presented By Marina SoloCommercial Division DECORUS Realty, LLC
Direct E-‐mail [email protected] Direct Line +1.954.850.9455
THE BUILDINGThis articulation of unsurpassed elegance is blended with all the components necessary for a 21st CenturyMedical Building. The ICON Medical Tower is located just steps away from the Aventura Hospital campus andits newly accredited Trauma II facility. It is strategically positioned amongst the most diverse and denselypopulated city of Aventura, which is quickly developing into a source for highly respected and sought aftermedical professionals in all medical disciplines. The project is built with emphasis on the needs of the physicianand thewelfareof the patient.
ICON Medical Tower offers over 120,000 square feet of privatemedical offices perched atop a parking pedestalwith over 540 parking spaces. In addition, the building will have both first floor and mezzanine space totaling13,000 squarefeet to accommodateancillary medical uses such as
surgical rooms, a diagnostic imaging center, and laboratory and pharmacy areas. The developer has met itscommunity responsibility by commitment tohighly demandingGold LEED Certification.
LOCATION
Aventura is a thriving world renowned citylocated on the northern border of MiamiDade County and minutes away fromHollywood, Ft. Lauderdale and the rest ofBroward County. Great entertainment isjust minutes away from Aventura Mall,Gulsftream Park and the Turnberry GolfClub.The city will soon be home to Icon MedicalTower, located just steps away fromAventura hospital, in the heart of theAventuramedicaldistrict.
AMENITIESIcon is an exclusive medical use tower
All corridors have natural light and 6ft+ width, no interior corridorsLobbies and corridors generously sized to accommodate patient population and medical equipment
Class A Plus lobby area, Concierge, Convenience store, waiting areaEmergency stand-‐by power for essential building systems and medical equipment
Mechanical chases adjoining each suite facilitating future installation of medical and building technologiesPlumbing stacks adjoining each suite facilitating medical equipment and sanitary installations
Provisions for med gas equipment and cylinders storageRemotely located mechanical plant and main electrical equipment to reduce ambient noise
Suites from 923 square feetUp to 13,000 square feet of ground floor and mezzanine space accessible through the lobby, for all clients
entering the property7,000 square foot meditation terrace garden on 8th floor
Custom design your own suiteGarage parking with over 5 spaces per 1,000 square feet
Reserved parking and valet parking availableCovered pick-‐up/drop off area
LEED Gold Certified
FLOOR PLANS
Class A Plus lobby area, Concierge, Convenience store, waiting areaUp to 13,000 square feet of ground floor and mezzanine space accessible through the lobby, for all clients entering the
property.
All corridors have natural light and 6ft+ width, no interior corridors.Lobbies and corridors generously sized to accommodate patient population and medical equipmentRemotely located mechanical plant and main electrical equipment to reduce ambient noiseEmergency stand-‐by power for essential building systems and medical equipmentProvisions for med gas equipment and cylinders storage
FLOORS FROM 3 -‐ 7 PARKING TOTAL 540 SPACES
Garage parking with over 5 spaces per 1,000 square feet Reserved parking and valet parking available
7,000 square foot meditation terrace garden on 8th floor
PRICES starting at $550.00 per SQ. FT.
LEASE offered at $42.00 per SQ. FT.
WHY INVEST?With a great location, efficient approach to design and construction, this medical office building offers doctors and investors quality office space adjacent to Aventura Hospital and close to amazing restaurants and shopping.
PHYSICIANS
Eliminate the need to pay inflated rents and controls your own destiny.Build wealth and diversify your investment portfolio.All units are healthcare design compliant.All units are constructed with the latest energy-‐efficient building materials.
INVESTORS
Stable tenant options with large medical practices.Long term leases typically 5-‐10 years with option to renew.NNN leases -‐ Tenants responsible for property taxes, maintenance and insurance Annual rent increments with 3-‐5% increase per year.Refinancing options offered based on guaranteed long term lease.
FINANCING AVAILABLE
$1,000,000.00 -‐ Purchase Price $600.00 per Sq. Ft. 1,667 Sq. Ft. Unit $350,000 -‐ Down payment 35% $650,000 -‐ Loan Amount
30 Years Amortization 5.5% Rate $44,288 Annual Payment (Principle & Interest)$70,014 Net Operating Income7% Cap Rate $25,726 Cash After Debt Service 7.4% Cash on Cash
$1,645,300 FUTURE VALUE (10% appreciation -‐ 5 years)
$38,987 –Loan Reduction (see Amortization)$684,287 –Appreciation and Loan Reduction
$128,630 –Total Rent Collected in 5 Years
$812,917 – Year 5 Sale, Total Gain Received
232% -‐ 5 years Gain Received
46.40% IRR (Internal Rate Of Return)
Minimum 5 Years NNN Lease