164 nw 20th street (draft v4)

Dave Colonna Executive Vice President

305.790.8921

[email protected]

Overview 2

Location 3

Site Aerial 4

Property Photos 5

Plans and Zoning 8

Financials 9

Comparables 11

Submarket Overview 12

Market Profile 20

Overview

• Prime location at the entrance to Wynwood, the heart of South Florida's fashion, art, design, and cuisine

• Consists of a total of 21,580 sq ft of warehouse/retail

space on a 16,413 sq ft lot

• Renovation opportunity with storefront space available

• Blocks from Miami Avenue and NW 2nd Avenue, and

less than 5 minutes to access I-95, Biscayne Blvd/US1,

and Downtown Miami

• Currently zoning being changed to T6-8 O, offering

opportunity of redevelopment

Creative Lofts Site

Property Address 164 NW 20th Street,

Miami, FL 33136

Property Type WAREHOUSE/RETAIL SPACE

Parcel ID’s 01-3136-055-0010

Total Lot Size 16,413 Sq. Ft

Total Building Size 21,580 Sq. Ft

Zoning INDUSTRIAL – GENERAL

Sales Term $4,495,000

O v e r v i e w

F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0 2

L o c a t i o n

F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0 3

164 NW 20th Street

WYNWOOD DISTRICT

S i t e A e r i a l

N. Miami Ave

DESIGN DISTRICT

MIDTOWN

MIAMI

Biscayne Blvd

4

P r o p e r t y P h o t o s

4 F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0 5


4 F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0 6


4 F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0 7

P l a n s a n d Z o n i n g

4 F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0 8

• Warehouse spaces could be renovated to add storefront access • Property to be rezoned T6-8 O under Miami 21 •Offices/Studios on the second currently divided into 6 units • Could be redeveloped up to eight (8) stories • High visibility frontage on busy N 20th Street • Parking area in back of the building

Purchase Price $4,495,000.00

Property Value $4,495,000.00

Effective Gross Income $178,914.00

Operating Expenses $83,583.94

Net Operating Income $95,330.06

Current Vacancy (%of Rentable Sq. Ft.) 25%

Total Rentable Square Feet 15,800 Sq. Ft.

9

CREATIVE LOFTS

Unit # Rentable SF

Price PSF

Base Rent C.A.M Gross Rent Terms

101-102 1800 $ 1.16 $ 2,086.50 $ 651.00 $ 2,737.50 10/2014 to 9/2016

103 800 $ 1.38 $ 1,100.00 $ 1,100.00 Month to Month

104 2400 $ 0.91 $ 2,172.00 $ 300.00 $ 2,472.00 6/2013 to 6/2015

105 2000 $ -

106 2000 $ -

201 1000 $ 1.30 $ 1,300.00 $ 300.00 $ 1,600.00 9/2014 to 8/2015

202 1300 $ 0.85 $ 1,100.00 $ 200.00 $ 1,300.00 9/2011 to 6/2015

203 1300 $ 0.85 $ 1,100.00 $ 200.00 $ 1,300.00 6/2011 to 6/2015

204 800 $ 1.16 $ 930.00 $ 170.00 $ 1,100.00 10/2014 to 9/2015

205 800 $ 1.16 $ 930.00 $ 170.00 $ 1,100.00 Month to Month

206 800 $ 1.16 $ 930.00 $ 170.00 $ 1,100.00 Month to Month

207 800 $ 1.16 $ 930.00 $ 170.00 $ 1,100.00 Month to Month

TOTAL 15800 $ 11.08 $ 12,578.50 $2,331.00 $14,909.50

Annual Operating Expenses Annual Property Operating Data

Management $ 9,600.00 Building Address 164 NW 20 St

Insurance $ 11,500.00 Building Size 21,580

Garbage $ 2,565.32 Rentable SF 15,800

FPL $ 21,119.06 Lot Size 16,413

Water $ 4,835.56 Number of Floors 2

Taxes $ 20,436.00 Number of Units 12

Florida Department of Revenue $ 4,028.00 Year Built 1924

Repair & Maintenance $ 9,500.00 Vacancy 25%

Asking Price $ 4,495,000.00

Net Operating Expenses $ 83,583.94 Price PSF $ 205.00

Gross Operating Income $ 178,914.00

Rent Roll as provided to FIP Realty, current as of 06/2015 Net Operating Income $ 95,330.06

10

Purchase Price $ 4,495,000.00

Initial Capital Improvements $ 300,000.00

Initial Closing Costs $ 44,950.00

Total value, including initial costs: $ 4,839,950.00

Gross Scheduled Annual Income (Retail) $324,000.00

Gross Scheduled Annual Income (Office) $183,600.00

Total Gross Scheduled Annual Income (GSI) $507,600.00

Operating Expense: 20% (of GSI) $101,520.00

Net Operating Incom (NOI) $406,080.00

Cap Rate 8.39%

Gross Rent Multiplier 8.855397951

Cost per Square Foot $ 208.29

If Sold After 5

With possible rent increases of 3

and a possible annual growth rate of 5

Estimated future value @ 6.5% CAP SELLING $7,031,486.42

Less selling costs of 7% $492,204.05

Net Proceeds of Sale $6,539,282.37

Less Initial Investment of $ 4,839,950.00

Growth of Initial Investment $1,699,332.37

Plus Cash Flow - 5 Year (also up by 3% per year) $2,155,933.87

Total Gain/Loss $ 3,855,266.24

Internal Rate of Return - Annual 15.93%

Average Return per Year 8.91%

Total Return on Investment (ROI) 80%

164 NW 20th Street, Miami, Florida Proforma

Unit # Rentable SF Net Rent Annual

101-102 1,800.00 $30.00 $54,000.00

103 800.00 $30.00 $24,000.00

104 2,400.00 $30.00 $72,000.00

105 2,000.00 $30.00 $60,000.00

106 2,000.00 $30.00 $60,000.00

201 1,000.00 $20.00 $20,000.00

202 1,300.00 $20.00 $26,000.00

203 1,300.00 $20.00 $26,000.00

204 800.00 $20.00 $16,000.00

205 800.00 $20.00 $16,000.00

206 800.00 $20.00 $16,000.00

207 800.00 $20.00 $16,000.00

Totals 15,800.00 $406,000.00

Sales Comparable Sales Comparable

2

3

MAP

ID ADDRESS

SALES

DATE

PURCHASE

PRICE

LAND

SIZE

LAND

PRICE PSF

BLDG

SIZE

BLDG

PRICE

PSF

1 2400 NE 2nd Avenue 3/18/2015 $3,700,000 12,872 $287 7,167 $516

2 210 NW 24th Street 1/12/2015 $1,300,000 4,600 $283

3 28 NE 26th Street 3/25/2015 $1,460,000 5,150 $283 4,180 $349

4 2050 N Miami Avenue 12/16/2014 $12,500,000 45,000 $278 19,684 $635

1

11

4

S u b m a r k e t O v e r v i e w

12

5 F I P R E A L T Y . C O M | 7 8 6 . 4 6 3 . 4 9 7 7

Wynwood Art District The area known as Wynwood is nestled between I-95 and Biscayne Boulevard, from 20th to 29th streets, South of the Design District. The Wynwood neighborhood is South of Midtown Miami and is North of Downtown Miami and Overtown, adjacent to Edgewater, and has two major sub-districts, the Wynwood Art District in Northern Wynwood, and the Wynwood Fashion District along West 5th Avenue. Wynwood is served by Metrobus throughout the area, and by the Miami Metrorail

in adjoining Allapattah less than a mile West. The Wynwood area is 10-15 minutes from anywhere in the Greater Miami area and is well suited to serve local business and the Downtown, Brickell and Miami Beach areas. Wynwood is 1.43 square miles and has a population of 19,799 and 4,967 Households according to the 2010 Census. Wynwood has seen tremendous gentrification with increased investment and

developments. The Shops at Midtown development built in the 2007, brought renewed attention to the area and is a diverse mix of high-rise condos, industrial chic lofts, restaurants, retail shops, and live-work space. The Wynwood area draws in thousands during Art Basel for its pop-up parties and galleries and inspires unusual collaborations between musicians, artists, graphic designers, and commercial brands. The streets of Wynwood are bustling; the once quiet neighborhood surrounded by warehouses is now in the midst of a gentrified

renaissance. The second Saturday night of every month, is "ArtWalk" in Wynwood, and the art galleries and studios open their doors to the public for viewing. Wynwood is also home to Wynwood Walls - an outdoor mural permanent exhibit featuring some of the worlds most renowned street artists. The largest of events held in this area is the annual Art Basel Miami international contemporary arts exhibition, drawing an expected 65,000 attendees in 2012 with

an economic impact estimated at over $500M annually.

13

5

Wynwood Art Walk

Second Saturday of EVERY Month Wynwood hosts an art walk that

displays hundreds of local and known artists in a fun and vibrant setting.

Galleries, restaurants, and boutiques open their doors from 7-10pm and

over 8,000 people attend monthly.

Wynwood Art Fair

October

A collaborative, interactive, performance-based, contemporary art fair

involving every major contemporary art institution and works of

internationally acclaimed artists from Miami and across the country.

Art Basel

December

Art Basel Miami is an annual contemporary art exhibition held in Miami

each December, which is a sister event to Art Basel in Switzerland. Many

of the events for the festival are held in art galleries in Wynwood and

the Miami Design District. In 2010, Art Basel attracted 40,000 attendees.

In 2011, that figure had grown to 50,000 attendees, growing to become

one of the most popular events in Miami.

Miami Spice and Spa Month

August-October

During the months of August and September, the top restaurants in

Miami and Miami Beach offer a variety of specials that showcase the

best of Miami cuisine, sponsored by the Greater Miami Convention &

Visitor's Bureau.

Art Miami and Miami Boat Show

February

Art Wynwood will feature 50-plus galleries from 13 countries. The

event features photography, painting, sculpture, video,

installation, urban art, and includes every conceivable

contemporary genre by more than 500 international artists. It is

held at Art Miami's sprawling 100,000-square-foot tent pavilion in

Midtown and typically houses approximately 100 galleries.

Miami Food and Wine Festival

February

A world-class wine, spirits and food tasting event including lavish

dinners, a beachside barbecue, champagne brunch, cooking

demonstrations and incorporates some of the events and

activities of the Biltmore International Food & Wine Weekend

formerly held in May.

Winter Music Conference

December

Musicians and corporate representatives from over 70 countries

attend this annual music industry conference held over the

second week in March, headquartered at the Miami Beach

Convention Center, with additional programs at nightclubs and other participating venues throughout Miami-Dade

AREA EVENTS

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Midtown Miami Located between 29th and 36th street and Midtown Blvd, the Shops at Midtown present sidewalks filled with boutiques, cafes, lounges, restaurants, and more. Art and culture are at the heart of this neighborhood, with special installations and exhibits adorning the streets in an urban meets chic, indoor-outdoor setting. Miami’s newest lifestyle and entertainment destination has

officially arrived. Midtown Miami is the collective term for the Wynwood and Edgewater neighborhoods of Miami, FL.

Midtown Miami is a large-scale, self-contained, urban development community on 55 acres (18 city blocks) that was planned with 8 high-rise residential buildings, a hotel, two parks, and a major urban shopping area. Located just North of the Adrienne Arsht Performing Arts Center, South of the Miami Design District, East of the Wynwood Arts District (WADA) and West of Biscayne Bay and the beach. Midtown has grown quickly, and is home to

Shops at Midtown, an outdoor shopping area designed to mimic New York's SOHO neighborhood with a Miami twist, and home to many national and local stores and restaurants including Target, Guess, HomeGoods, Marshalls, Ross, SugarCane, Mercadito, Lime, Cheese Course, Buro Miami, West Elm, and an abundance of upscale apartments. Midtown has also become home to Art Miami art fair, which takes place during Miami's Art Basel week. The subject site lies directly across the Ross and Target retail stores in the Shops

at Midtown. The Site benefits from both pedestrian and street traffic visiting the Shops at Midtown.

15

The Shops at Midtown Miami is located on the corner of NE 36th Street and North Miami Avenue, just North of Downtown Miami. Occupying 26 acres of urban

space in the midst of Miami's art district, just minutes from downtown, the 645,000 square foot shopping center consists of three blocks - each with its own architectural flair and a blend of value retail and local high-end

offerings. In addition to a number of specialty shops and lifestyle retailers, the center offers consumers national anchors including: Target: 141,114 SF Ross: 35,324 SF

Sports Authority: 34,544 SF Marshalls: 32,062 SF West Elm: 25,764 SF HomeGoods: 25,182 SF PetSmart: 19,607 SF Party City: 10,830 SF

`

Midtown Shops and Map

16

Design District

5

The Site lies directly adjacent to and near Midtown, the Design District, and Wynwood submarkets. Collectively,

these locations have experienced unprecedented growth led by the $1B Design District development led by

Craig Robins, Bernard Arnault & LVMH. The Design District has seen a partnership between one of the largest

Miami developers, Craig Robins and Louis Vuitton Moet Hennessey (LVMH) immediately plans to bring 50+

luxury retailers to the neighborhood by 2015, competing with long-established Miami shopping areas such as

Lincoln Road and Bal Harbour Shops, making Design District the premier fashion district of Miami.

The Design District is made up primarily of warehouses and low rise retail spaces that have been converted into

retail showrooms, art galleries, restaurants and cafés. It is home to over 130 art galleries, showrooms, creative

services, architecture firms, stores, antiques dealers, eateries and bars and is rapidly expanding on the heels of

DACRA and LVMH’s investments.

The Design District isn't just home to funky galleries and unusual art; it is also a high end shopping mecca. Stroll

through luxury closet staples, next to carefully curated boutiques and home décor stores specializing in

everything from a chic loft look to retro refrigerators. In 2009, the first luxury retailer opened in the Design

District, Christian Louboutin, marking a new era for the Design District. Later that year, Yohji Yamamoto also

opened in the Design District. In 2011, Louis Vuitton announced plans to open a Louis Vuitton store in the

neighborhood after announcing its closure of its Bal Harbour Shops store, along with opening other brands from

the LVMH company in the Design District, including stores such as Sephora, Marc Jacobs, Givenchy, and Fendi.

Louis Vuitton just recently opened its doors in late 2012. To add to the luxury retailers of the area, Hermes,

Cartier and Dior have also recently relocated their stores from Bal Harbour Shops to the Design District.

The neighborhood is home to the restaurants of Miami culinary legends including Michael Schwartz and Michelle

Bernstein plus an array of local finds for well-heeled locals or visitors.

The Design District is served by Metrobus throughout the area, and by the Miami Metrorail in adjoining

Allapattah less than a mile due West. Plans are being discussed to continue the downtown and Brickell

metromover in coming years.

17

1. Opustone

2. De La Cruz Collection

3 . Egg & Dart

4. Emena Spa

5-15. Tenants Include: Design within

Reach, MC Kicthen, Missoni Home,

Naranjo, BabyCottons, Adamar,

and Elastic People

16. Design & Architecture Senior High

17. Jalan Jalan

18. Luminaire Lab

19. Clima

20. Internum Miami

21. Craig Robbins Art Collection

22. Chad Oppenheim

23. One of a Kind

24. Decorator’s Plumbing

25. The Cypress Room

26. The Stage

27. Marni

28. Margiela

29. Prada

30. Louis Vuitton

31. Bacilingerie

32. Linge Roset

33. Moore Building

34. Jonathan Adler

35. Celine

36. Hermes

37. Dior Homme

38. Christian Louboutin

39. Kartell

40. Cartier

41. Thread Count

42. Turchin

43. Michael’s Genuine

44. Fendi Casa

Design District Map

45. Armani Casa

46. Locust Projects

47. Spazio Di Casa

48. MadinItaly

49. Baltus

50. Aesthetic Gallery

51. Harry’s Pizzeria

52. Mobili Moderni

53. Gavanna

54. Neoteric Home

55. Designer’s Tile

56. Oggetti

57. EG Cody

58. Brownes & Co

59. Bobby Berk Home

60. Oak Tavern

61. LUXE

62. Dileto 63. USPS

64. Anima Domus

Drive Time Drive Time

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Population Summary 1 mile 3 miles 5 miles

2000 Total Population 23,501 209,949 457,286



2013 Group Quarters 1,745 7,492 10,037


2013-2018 Annual Rate 1.29% 1.35% 1.20%

Household Summary 1 mile 3 miles 5 miles

2000 Households 9,435 77,093 176,531

2000 Average Household Size 2.31 2.59 2.51

2010 Households 13,642 95,901 199,074


2013 Households 14,157 100,106 205,151


2018 Households 15,262 107,732 218,584

2018 Average Households Size 2.05 2.37 2.39

2013-2018 Annual Rate 1.51% 1.48% 1.28%

2010 Families 5,825 50,858 107,281

2010 Average Family Size 2.96 3.16 3.16

2013 Families 5,971 52,422 109,600


2018 Families 6,344 55,699 115,649


2013-2018 Annual Rate 1.22% 1.22% 1.08%

20

2018 Housing Units 18,108 123,142 254,808

2018 Housing Units 18,108 123,142 254,808

Owner Occupied Housing Units 15.7% 20.6% 27.2%

Renter Occupied Housing Units 68.6% 66.9% 58.5%

Vacant Housing Units 15.7% 12.5% 14.2%

Housing Unit Summary 1 mile 3 miles 5 miles

2000 Housing Units 11,453 87,307 201,055




2010 Housing Units 17,153 115,206 240,232




2013 Housing Units 17,445 117,907 244,671




Median Household Income 1 mile 3 miles 5 miles

2013 $34,656 $26,467 $29,634

2018 $40,119 $30,087 $34,698

Median Home Value 1 mile 3 miles 5 miles

2013 $163,187 $147,986 $168,447

2018 $201,238 $197,159 $212,652

Per Capita Income 1 mile 3 miles 5 miles

2013 $25,858 $18,654 $20,919

2018 $30,571 $21,793 $24,611

Median Age 1 mile 3 miles 5 miles

2010 33.6 36.3 38.0

2013 34.1 36.7 38.5

2018 34.4 37.0 38.8

21

2013 Households by Income 1 mile 3 miles 5 miles

Household Income Base 14,157 100,098 205,129

<$15,000 23.5% 31.5% 27.6%

$15,000 - $24,999 14.2% 16.0% 15.5%

$25,000 - $34,999 12.7% 13.4% 12.8%

$35,000 - $49,999 14.2% 13.2% 14.0%

$50,000 – $74,999 15.2% 11.3% 12.8%

$75,000 - $99,999 6.7% 5.0% 5.8%

$100,000 - $149,999 7.8% 5.3% 6.1%

$150,000 - $199,999 2.4% 1.9% 2.4%

$200,000+ 3.2% 2.3% 3.0%

Average Household Income $55,448 $45,071 $50,615

2018 Households by Income 1 mile 3 miles 5 miles

Household Income Base 15,262 107,724 218,562

<$15,000 22.2% 30.6% 26.8%

$15,000 - $24,999 10.3% 11.9% 11.5%

$25,000 - $34,999 11.8% 12.9% 12.1%

$35,000 - $49,999 13.7% 13.5% 13.7%

$50,000 – $74,999 14.9% 11.8% 13.1%

$75,000 - $99,999 9.3% 6.7% 7.9%

$100,000 - $149,999 11.3% 7.5% 8.5%

$150,000 - $199,999 2.9% 2.5% 3.1%

$200,000+ 3.6% 2.6% 3.4%

Average Household Income $65,124 $52,503 $59,440

22

2013 Owner Occupied Housing

Units by Value 1 mile 3 miles 5 miles

Total 2,510 22,554 62,853

<$50,000 3.9% 6.1% 4.9%

$50,000 - $99,999 18.2% 23.0% 19.4%

$100,000 - $149,999 22.8% 21.8% 20.2%

$150,000 - $199,999 19.4% 13.4% 14.7%

$200,000 – $249,999 11.8% 9.0% 10.5%

$250,000 - $299,999 7.3% 6.1% 7.1%

$300,000 - $399,999 8.1% 7.7% 8.1%

$400,000 - $499,999 3.5% 4.1% 4.4%

$500,000 - $749,999 2.5% 4.1% 5.2%

$750,000 - $999,999 1.0% 1.5% 2.0%

$1,000,000+ 1.3% 3.1% 3.5%

Average Household Value $209,539 $230,147 $251,313

2018 Owner Occupied Housing

Units by Value 1 mile 3 miles 5 miles

Total 2,839 25,275 69,361

<$50,000 2.5% 4.3% 3.4%

$50,000 - $99,999 9.9% 13.5% 10.9%

$100,000 - $149,999 13.6% 14.7% 12.9%

$150,000 - $199,999 23.5% 18.6% 18.7%

$200,000 – $249,999 17.8% 14.8% 16.4%

$250,000 - $299,999 11.2% 9.7% 10.8%

$300,000 - $399,999 10.5% 9.9% 10.1%

$400,000 - $499,999 4.4% 4.8% 5.0%

$500,000 - $749,999 3.8% 5.3% 6.5%

$750,000 - $999,999 1.4% 1.9% 2.5%

$1,000,000+ 1.3% 2.6% 2.8%

Average Household Value $246,390 $260,022 $280,358

23

2010 Population by Age 1 mile 3 miles 5 miles

Total 30,105 237,324 488,824

0 - 4 6.4% 6.5% 6.0%

5 – 9 4.4% 5.1% 4.9%

10 – 14 4.0% 4.7% 4.7%

15 - 24 13.7% 13.1% 12.6%

25 - 34 24.8% 18.5% 17.1%

35 - 44 16.2% 15.0% 15.2%

45 - 54 13.9% 13.6% 14.1%

55 - 64 8.9% 10.1% 10.5%

65 - 74 4.6% 7.1% 7.6%

75 - 84 2.2% 4.6% 5.2%

85+ 0.8% 1.7% 2.1%

18+ 82.5% 80.6% 81.2%


Total 30,985 246,255 502,295

0 - 4 6.2% 6.3% 5.9%

5 – 9 4.7% 5.4% 5.2%

10 – 14 3.9% 4.7% 4.7%

15 - 24 13.1% 12.6% 12.1%

25 - 34 24.1% 18.4% 16.9%

35 - 44 16.5% 14.8% 14.7%

45 - 54 13.6% 13.3% 13.9%

55 - 64 9.7% 10.8% 11.3%

65 - 74 5.0% 7.4% 7.9%

75 - 84 2.4% 4.6% 5.1%

85+ 0.9% 1.8% 2.2%

18+ 82.6% 80.7% 81.4%

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Total 33,031 263,291 533,102

0 - 4 6.4% 6.4% 5.9%

5 – 9 4.7% 5.3% 5.2%

10 – 14 4.2% 5.0% 4.9%

15 - 24 12.7% 12.0% 11.5%

25 - 34 23.4% 18.2% 16.8%

35 - 44 16.2% 14.2% 13.9%

45 - 54 12.4% 12.3% 12.9%

55 - 64 10.5% 11.2% 12.0%

65 - 74 5.9% 8.5% 9.1%

75 - 84 2.8% 4.9% 5.4%

85+ 1.0% 1.9% 2.3%

18+ 82.3% 80.5% 81.2%

2010 Population by Sex 1 mile 3 miles 5 miles

Males 15,588 120,840 246,204

Females 14,519 116,486 242,618


Males 15,965 125,327 252,986

Females 15,019 120,929 249,311


Males 16,931 133,528 267,844

Females 16,099 129,763 265,256

2010 Population by Race/Ethnicity 1 mile 3 miles 5 miles

Total 30,108 237,326 488,823

White Alone 57.4% 63.4% 67.6%

Black Alone 31.0% 26.6% 24.0%

American Indian Alone 0.5% 0.4% 0.3%

Asian Alone 1.6% 1.1% 1.1%

Pacific Islander Alone 0.1% 0.0% 0.0%

Some Other Race Alone 5.7% 5.3% 4.2%

Two or More Races 3.7% 3.2% 2.8%

Hispanic Origin 49.7% 63.0% 61.4%

Diversity Index 78.7 74.7 72.9

25


Total 30,984 246,255 502,295

White Alone 58.0% 63.8% 67.8%

Black Alone 30.0% 25.9% 23.5%


Asian Alone 1.7% 1.1% 1.2%







Total 33,030 263,290 533,100

White Alone 59.0% 64.5% 68.3%

Black Alone 28.6% 25.0% 22.8%


Asian Alone 1.8% 1.2% 1.2%






2010 Population by Relationship and

Household Type 1 mile 3 miles 5 miles

Total 30,107 237,326 488,822

In Households 94.2% 96.8% 97.9%

In Family Households 60.5% 72.3% 73.8%

Householder 19.2% 21.4% 22.0%

Spouse 9.5% 10.9% 12.0%

Child 22.4% 27.3% 27.1%

Other Relative 6.1% 8.2% 8.4%

Nonrelative 3.2% 4.5% 4.3%

In Nonfamily Households 33.7% 24.5% 24.2%

In Group Quarters 5.8% 3.2% 2.1%

Institutionalized Population 1.8% 2.0% 1.2%

No institutionalized Population 4.0% 1.1% 0.8%

2013 Population 15+ by Marital Status 1 mile 3 miles 5 miles

Total 26,388 205,774 423,162

Never Married 46.2% 42.9% 40.0%

Married 34.5% 38.0% 39.6%

Widowed 4.2% 6.5% 6.9%

Divorced 15.1% 12.7% 13.5%

26

2013 Population 25+ by Educational

Attainment 1 mile 3 miles 5 miles

Total 22,322 174,751 362,203

Less than 9th Grade 11.5% 20.1% 16.8%

9th – 12th Grade, No Diploma 10.8% 11.9% 10.9%

High School Graduate 23.7% 27.6% 27.5%

Some College, No Degree 15.2% 10.5% 11.9%

Associate Degree 10.4% 6.2% 6.8%

Bachelor’s Degree 15.6% 14.5% 15.6%

Graduate/Professional Degree 12.9% 9.2% 10.4%

2013 Civilian Population 16+ in

Labor Force 1 mile 3 miles 5 miles

Civilian Employed 88.2% 88.5% 89.0%

Civilian Unemployed 11.8% 11.5% 11.0%

2013 Employed Population 16+ by

Industry 1 mile 3 miles 5 miles

Total 15,346 108,760 229,126

Agriculture/Mining 0.1% 0.3% 0.3%

Construction 5.5% 9.7% 7.7%

Manufacturing 3.0% 4.4% 4.0%

Wholesale Trade 3.5% 3.4% 3.0%

Retail Trade 12.5% 11.1% 10.9%

Transportation/Utilities 7.1% 5.7% 6.1%

Information 2.7% 1.7% 1.8%

Finance/Insurance/Real Estate 6.7% 6.1% 6.3%

Services 56.3% 55.1% 57.2%

Public Administration 2.5% 2.5% 2.7%

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2013 Employed Population 16+ by

Occupation 1 mile 3 miles 5 miles

Total 15,344 108,762 229,128

White Collar 58.8% 47.9% 51.9%

Management/Business/Financial 14.6% 11.0% 11.7%

Professional 20.5% 14.1% 16.4%

Sales 13.1% 11.0% 11.7%

Administrative Support 10.6% 11.7% 12.0%

Services 25.2% 28.9% 27.8%

Blue Collar 16.0% 23.2% 20.3%

Farming/Forestry/Fishing 0.1% 0.3% 0.2%

Construction/Extraction 5.9% 9.7% 7.2%

Installation/Maintenance/Repair 2.5% 2.4% 2.4%

Production 2.0% 4.2% 3.6%

Transportation/Material Moving 5.4% 6.6% 6.9%

2010 Household by Type 1 mile 3 miles 5 miles

Total 13,642 95,901 199,075

Household with 1 Person 42.6% 36.4% 35.8%

Household with 2+ People 57.4% 63.6% 64.2%

Family Households 42.7% 53.0% 53.9%

Husband-wife Families 21.2% 26.9% 29.4%

With Related Children 8.3% 11.6% 12.3%

Other Family (No Spouse Present) 21.5% 26.1% 24.5%

Other Family with Male Householder 6.3% 7.6% 7.0%


Other Family w Female Householder 15.2% 18.5% 17.5%


Nonfamily Households 14.7% 10.6% 10.3%

All Households with Children 21.7% 27.0% 26.3%

Multigenerational Households 3.6% 5.8% 6.0%

Unmarried Partner Households 11.1% 9.6% 8.9%

Male-Female 9.5% 8.5% 7.6%

Same-Sex 1.6% 1.1% 1.3%

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2010 Households by Size 1 mile 3 miles 5 miles

Total 13,642 95,903 199,076

1 Person Household 42.6% 36.4% 35.8%






7 + Person Household 1.3% 2.4% 2.4%

2010 Households by Tenure and

Mortgage Status 1 mile 3 miles 5 miles

Total 13,642 95,901 199,074

Owner Occupied 20.1% 25.4% 34.0%

Owned with a Mortgage/Loan 15.8% 18.0% 23.1%

Owned Free and Clear 4.3% 7.3% 10.9%

Renter Occupied 79.9% 74.6% 66.0%

Top 3 Tapestry

Segments 1 mile 3 miles 5 miles

1. Metro Renters NeWest Residents NeWest Residents

2. NeWest Residents Metro Renters Metro Renters

3. City Commons City Commons City Commons

29

2013 Consumer Spending 1 mile 3 miles 5 miles

Apparel & Services: Total $ $ 18,644,858 $105,613,123 $238,538,744

Average Spent $1,317.01 $1,055.01 $1,162.75

Spending Potential Index 58 47 51

Computer & Accessories: Total $ $2,982,996 $16,834,869 $38,205,560

Average Spent $210.71 $168.17 $186.23


Education: Total $ $18,262,525 $101,701,089 $230,880,740

Average Spent $1,290.00 $1,015.93 $1,125.42


Entertainment/Recreation: Total $ $35,097,329 $201,714,091 $469,174,134

Average Spent $2,479.15 $2,015.01 $2,286.97


Food at Home: Total $ $58,969,365 $340,350,486 $772,125,419

Average Spent $4,165.39 $3,399.90 $3,763.69


Food Away from Home: Total $ $39,007,507 $222,263,025 $501,443,973

Average Spent $2,755.35 $2,220.28 $2,444.27



Health Care: Total $ $ 41,348,370 $243,544,385 $582,010,536

Average Spent $2,920.70 $2,432.87 $2,836.99


HH Furnishings & Equipment: Total $

$17,404,796 $99,318,364 $229,146,270

Average Spent $1,229.41 $992.13 $1,116.96


Investments: Total $ $18,324,900 $115,465,942 $275,530,903

Average Spent $1,294.41 $1,153.44 $1,343.06


Retail Goods: Total $ $248,745,303 $1,432,108,180 $3,308,016,350

Average Spent $17,570.48 $14,305.92 $16,124.79


Shelter: Total $ $194,082,903 $1,113,453,961 $2,530,066,237

Average Spent $13,709.32 $11,122.75 $12,332.70


TV/Video/Audio: Total $ $14,910,557 $84,687,328 $194,065,352

Average Spent $1,053.23 $845.98 $945.96


30


Travel: Total $ $ 18,217,839 $106,067,100 $249,321,483

Average Spent $1,286.84 $1,059.55 $1,215.31


Vehicle Maintenance & Repairs: Total $ $11,896,306 $68,346,460 $157,877,691

Average Spent $840.31 $682.74 $769.57


Data Note: Consumer spending shows the amount spent on a variety of goods and services by households that reside in the area. Expenditures are shown by broad budget categories that are not mutually exclusive. Consumer spending does not equal business revenue. Total and Average Amount Spent Per Household represent annual figures. The Spending Potential Index represents the amount spent in the area relative to a national average of 100. Source: Consumer Spending data are derived from the 2010 and 2011 Consumer Expenditure Surveys, Bureau of Labor Statistics. Esri. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018. Esri converted Census 2000 data into 2010 geography.

October 23, 2014

31

Affiliated Business Disclosure

FIP Realty Services LLC has several subsidiaries and/or related entities (each an “Affiliate”) engaged in a variety of real estate businesses including, but not limited to, property management, brokerage services, development, construction, and investment. These Affiliates may represent various clients with competing interests in the same transaction. This brochure may be received by our Affiliates, which may express an interest in the property described in this brochure (the “Property”), may offer to purchase the Property, and may be the successful purchaser of the Property. You hereby acknowledge that possibility and agree that neither FIP Realty Services LLC nor any Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, FIP Realty Services LLC will act in the best interest of its client(s) and will not conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed its client(s).

Confidentiality Agreement

This is a confidential brochure intended solely for your limited use. This brochure contains select, but not all, information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner). All projections and information are provided for general reference only and are based on assumptions relating to market conditions, the economy, competition and other factors beyond the control of the Owner and FIP Realty Services LLC. Therefore, all projections and other information provided and made herein are subject to variation. All references to square footages and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this brochure, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this brochure in any manner. Neither the Owner or FIP Realty Services LLC, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this brochure or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this brochure or use of its contents; and you are to rely on your own investigations and inspections of the Property in evaluating a potential purchase of the Property. The Owner may, in its sole discretion, reject any or all offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice. The Owner has no legal obligation to any entity reviewing this brochure or making an offer to purchase the Property unless and until a written agreement for the purchase of the Property has been executed by the purchaser and the Owner. By receipt of this brochure, you agree that this brochure and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this brochure or any of its contents to any other entity without the prior written authorization of the Owner or FIP Realty Services LLC. You also agree that you will not use this brochure in any manner detrimental to the interest of the Owner or FIP Realty Services LLC. If after reviewing this brochure, you have no further interest in the Property, please return it to FIP Realty Services LLC.

Dave Colonna Executive Vice President

305.790.8921

[email protected]

The information above was obtained from sources FIP Realty Services LLC believes to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. This brochure is subject to possible errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All projections, opinions, assumptions and estimates are for example only, and they may not represent current or future performance of the property. You are advised to perform your own investigations of the property and consult your tax and legal advisors regarding the transaction.

164 nw 20th street (draft v4)

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