40-50 w 25th st hialeah fl 33010 · 2018. 7. 6. · 03 rent roll rent roll details 11 04 financial...
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40-50 W 25th STHialeah FL 33010
CONTENTS
Exclusively Marketed by:
Jorge LoyRealtor, Real Miami Commercial Real Estate
786-306-3160
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions,change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of theproperty. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
01 Executive Summary Executive Summary 5
Unit Mix Summary 6
Location Summary 7
02 Property Description Aerial Map 9
03 Rent Roll Rent Roll Details 11
04 Financial Analysis Income & Expense Analysis 13
Multiyear Cash Flow Assumptions 14
Cash Flow Analysis 15
Disposition Sensitivity Analysis 17
05 Demographics Demographics 19
Demographic Charts 20
06 Additional Information
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from Real Miami Commercial Real Estate and it should not be made available to any otherperson or entity without the written consent of Real Miami Commercial Real Estate. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such informationin the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offeringmemorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Real MiamiCommercial Real Estate. This offering memorandum has been prepared to provide summary, unverified financial and physicalinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The informationcontained herein is not a substitute for a thorough due diligence investigation. Real Miami Commercial Real Estate has not madeany investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, thefuture projected financial performance of the property, the size and square footage of the property and improvements, thepresence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, thephysical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans orintentions to continue its occupancy of the subject property. The information contained in this offering memorandum has beenobtained from sources we believe reliable; however, Real Miami Commercial Real Estate has not verified, and will not verify, anyof the information contained herein, nor has Real Miami Commercial Real Estate conducted any investigation regarding thesematters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the informationprovided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyersshall be responsible for their costs and expenses of investigating the subject property.
Confidentiality and Disclaimer | 03
CONFIDENTIALITY AND DISCLAIMER:
PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONTACT REAL MIAMI COMMERCIAL REAL ESTATE FOR MORE DETAILS.
Copyright © 2018 CREOP, LLC. All Rights Reserved.
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Executive Summary01
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Unit Mix Summary
Location Summary
Executive Summary | 05
OFFERING SUMMARY
ADDRESS 40-50 W 25th ST Hialeah FL 33010
COUNTY Dade
FINANCIAL SUMMARY
OFFERING PRICE $1,950,000
OCCUPANCY 100.00 %
NOI (161100) $115,945
CAP RATE (161100) 5.94 %
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE
2017 Population 34,377 199,138 488,337
2017 Median HH Income $25,651 $32,489 $31,622
2017 Average HH Income $37,997 $47,515 $46,090
Unit Mix # Units Square Feet Current Rent Rent PSF Monthly Income
2 bd / 1 ba 4 0 $1,100 $4,400
2 bd / 1 ba 4 0 $1,150 $4,600
2 bd / 1 ba 3 0 $1,075 $3,225
2 bd / 1 ba 1 0 $1,200 $1,200
Totals/Averages 12 0 $1,119 $13,425
Unit Mix Summary |06
Location Summary | 07
Regional Map
Locator Map
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Desc
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Property Description02
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Aerial Map
Parcel Map
Additional Maps
Property Images
Aerial Map |09
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Rent Roll03
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Rent Roll Details | 11
Unit Unit Mix Monthly Rent PSF1 2 bd / 1 ba $1,200 $0.00
3 2 bd / 1 ba $1,075 $0.00
4 2 bd / 1 ba $1,100 $0.00
4 2 bd / 1 ba $1,150 $0.00
Totals/Averages $4,525 $0.00
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Financial Analysis04
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Multiyear Cash Flow Assumptions
Multiyear Cash Flow Projections
Disposition Sensitivity Analysis
Income & Expense Analysis | 13
INCOME 161100
Gross Potential Rent $161,100
Other Income $1,500
Gross Potential Income $162,600
Effective Gross Income $162,600
Less: Expenses $46,655
Net Operating Income $115,945
EXPENSES 161100
Real Estate Taxes $15,468
Insurance $9,289
Management Fee $3,000
Pest Control $1,200
Repairs & Maintenance $3,000
Water / Sewer $8,830
Landscaping $600
Utilities $1,734
Waste $3,534
Total Operating Expense $46,655
% of EGI 28.69 %
REVENUE ALLOCATION
DISTRIBUTION OF EXPENSES
Multiyear Cash Flow Assumptions | 14
EXPENSE GROWTH RATESReal Estate Taxes 1.00 %
Insurance 1.00 %
Pest Control 1.00 %
Repairs & Maintenance 1.00 %
Water / Sewer 1.00 %
Landscaping 1.00 %
Utilities 1.00 %
Waste 1.00 %
Cash Flow Analysis| 15
CASH FLOW
Calendar Year 161100 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Gross Potential RevenueGross Rental Income $161,100 $161,100 $161,100 $161,100 $161,100 $161,100 $161,100 $161,100 $161,100 $161,100
Other Income $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500
Effective Gross Income $162,600 $162,600 $162,600 $162,600 $162,600 $162,600 $162,600 $162,600 $162,600 $162,600
Operating ExpensesReal Estate Taxes $15,468 $15,468 $15,623 $15,779 $15,937 $16,096 $16,257 $16,420 $16,584 $16,750
Insurance $9,289 $9,289 $9,382 $9,476 $9,570 $9,666 $9,763 $9,860 $9,959 $10,059
Management Fee $3,000 $0 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Pest Control $1,200 $1,200 $1,212 $1,224 $1,236 $1,249 $1,261 $1,274 $1,287 $1,299
Repairs & Maintenance $3,000 $3,000 $3,030 $3,060 $3,091 $3,122 $3,153 $3,185 $3,216 $3,249
Water / Sewer $8,830 $8,830 $8,918 $9,007 $9,098 $9,189 $9,280 $9,373 $9,467 $9,562
Landscaping $600 $600 $606 $612 $618 $624 $631 $637 $643 $650
Utilities $1,734 $1,734 $1,751 $1,769 $1,787 $1,804 $1,822 $1,841 $1,859 $1,878
Waste $3,534 $3,534 $3,569 $3,605 $3,641 $3,677 $3,714 $3,751 $3,789 $3,827
Total Operating Expense $46,655 $43,655 $47,092 $47,532 $47,978 $48,428 $48,882 $49,341 $49,804 $50,272
Net Operating Income $115,945 $118,945 $115,508 $115,068 $114,622 $114,172 $113,718 $113,259 $112,796 $112,328
Effective Gross Income vs Operating Expenses Cash Flow
Cash Flow Analysis| 16
Calendar Year 161100 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Financial MetricsCash on Cash Return b/t 5.95 % 6.10 % 5.92 % 5.90 % 5.88 % 5.85 % 5.83 % 5.81 % 5.78 % 5.76 %
CAP Rate 5.95 % 6.10 % 5.92 % 5.90 % 5.88 % 5.85 % 5.83 % 5.81 % 5.78 % 5.76 %
Operating Expense Ratio 28.69 % 26.84 % 28.96 % 29.23 % 29.50 % 29.78 % 30.06 % 30.34 % 30.62 % 30.91 %
Breakeven Ratio 28.69 % 26.85 % 28.96 % 29.23 % 29.51 % 29.78 % 30.06 % 30.34 % 30.63 % 30.92 %
Disposition Sensitivity Analysis | 17
5 YEAR SENSITIVITY ANALYSISEXIT CAP RATE PROJECTED
SALES PRICESALES
PRICE/UNITSALES PRICE PSF PROCEEDS
AFTER LOANPAYOFF
IRR
0.25% $45,848,884 $0 $45,848,884 $45,848,884 90.52%
0.50% $22,924,442 $0 $22,924,442 $22,924,442 66.55%
0.75% $15,282,961 $0 $15,282,961 $15,282,961 54.09%
1.00% $11,462,221 $0 $11,462,221 $11,462,221 45.88%
1.25% $9,169,777 $0 $9,169,777 $9,169,777 39.87%
1.50% $7,641,481 $0 $7,641,481 $7,641,481 35.18%
1.75% $6,549,841 $0 $6,549,841 $6,549,841 31.37%
2.00% $5,731,110 $0 $5,731,110 $5,731,110 28.18%
2.25% $5,094,320 $0 $5,094,320 $5,094,320 25.44%
10 YEAR SENSITIVITY ANALYSISEXIT CAP RATE PROJECTED
SALES PRICESALES
PRICE/UNITSALES PRICE PSF PROCEEDS
AFTER LOANPAYOFF
IRR
0.25% $44,931,156 $0 $44,931,156 $44,931,156 39.04%
0.50% $22,465,578 $0 $22,465,578 $22,465,578 30.28%
0.75% $14,977,052 $0 $14,977,052 $14,977,052 25.51%
1.00% $11,232,789 $0 $11,232,789 $11,232,789 22.29%
1.25% $8,986,231 $0 $8,986,231 $8,986,231 19.89%
1.50% $7,488,526 $0 $7,488,526 $7,488,526 17.99%
1.75% $6,418,737 $0 $6,418,737 $6,418,737 16.43%
2.00% $5,616,395 $0 $5,616,395 $5,616,395 15.12%
2.25% $4,992,351 $0 $4,992,351 $4,992,351 13.98%
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Demographic Charts
Demographics | 19
POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 34,156 191,708 461,370
2010 Population 33,321 192,302 460,811
2017 Population 34,377 199,138 488,337
2022 Population 35,568 206,495 511,446
2017 African American 1,231 15,990 102,048
2017 American Indian 40 240 965
2017 Asian 40 630 2,369
2017 Hispanic 32,986 176,886 375,108
2017 White 31,754 173,640 356,689
2017 Other Race 815 5,190 16,223
2017 Multiracial 497 3,440 9,962
2017-2022: Population: Growth Rate 3.40 % 3.65 % 4.65 %
2017 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 3,055 13,570 35,902
$15,000-$24,999 2,352 10,669 27,180
$25,000-$34,999 1,608 8,513 21,587
$35,000-$49,999 1,405 9,153 23,297
$50,000-$74,999 1,456 9,312 24,270
$75,000-$99,999 566 4,857 11,891
$100,000-$149,999 457 4,006 8,842
$150,000-$199,999 159 1,213 2,435
$200,000 or greater 41 808 2,070
Median HH Income $25,651 $32,489 $31,622
Average HH Income $37,997 $47,515 $46,090
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 11,152 62,499 154,717
2010 Total Households 10,847 60,573 149,415
2017 Total Households 11,100 62,112 157,489
2022 Total Households 11,458 64,182 164,529
2017 Average Household Size 3.03 3.16 3.07
2000 Owner Occupied Housing 3,940 31,405 70,742
2000 Renter Occupied Housing 7,060 29,243 75,589
2017 Owner Occupied Housing 3,346 28,466 66,753
2017 Renter Occupied Housing 7,754 33,646 90,736
2017 Vacant Housing 331 2,747 11,767
2017 Total Housing 11,431 64,859 169,256
2022 Owner Occupied Housing 3,419 29,251 69,184
2022 Renter Occupied Housing 8,039 34,932 95,345
2022 Vacant Housing 340 2,874 12,494
2022 Total Housing 11,798 67,056 177,023
2017-2022: Households: Growth Rate 3.20 % 3.30 % 4.40 %
Source: esri
Demographic Charts | 20
1 Mile Radius 3 Mile Radius 5 Mile Radius
2017 Household Income
1 Mile Radius 3 Mile Radius 5 Mile Radius
2017 Population by Race
Demographic Charts | 21
2017 Household Occupancy - 1 Mile Radius
Average Income Median Income
2017 Household Income Average and Median
| Ad
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Additional Information06
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Exclusively Marketed by:
Jorge LoyRealtor, Real Miami Commercial Real Estate
786-306-3160
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