7101 - 7111 n miami ave - loopnet
TRANSCRIPT
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 1
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP
LITTLE RIVERINDUSTRY BLDG
7101 - 7111 N MIAMI AVE
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 2
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP
PROPERTY OVERVIEW
TITLED BUILDING HIGHLIGHTS
ZONING: D1
TYPE: FLEX INDUSTRIAL
ASKING PRICE: $11,485,000 SF
ASKING PRICE PSF BUILDING: $233.15 PSF
ASKING PRICE PSF LAND: $149.17
SIZE: 49,260 SF
LOT SIZE: 77,010 SF
PARKING: 71 SPACES +/-
USES: CREATIVES, INDUSTRY, MAKERS & BAKERS.
• CREATIVES
• INDUSTRY
• MAKERS & BAKERS
is home to...
LITTLE RIVERINDUSTRY BLDG
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 3
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 4
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP
14,344 SF BLDGNORTH LINE
N MIAMI AVENE 71 S
TREET
PARKING
SOUTH LINE
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 5
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP
SOUTH LINE & PARKING | 7101 N MIAMI AVE | 7132 NE MIAMI CT
NE 71 STREET
PARKING - 55 SPACES +/-
N M
IAM
I AV
E
UNIT 101 4,491 SF
UNIT 102 3,988 SF
UNIT 103 3,988 SF
UNIT 104 3,355 SF
UNIT 105 4,527 SF
UNIT 106 3,269 SF
UNIT 107 3,216 SF
UNIT 104 3,216 SF
UNIT 104 3,242 SF
COMMON AREA
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 6
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP
N MIAMI AVE
NORTH LINE | 7111 N MIAMI AVE
PARKING - 16 SPACES +/-
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 7
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP
Miami Spaces Little River
Buildings are 49,260 sqft - Zoning D1 - Land is 77,010 sqft
Folios:
01-3112-069-0220
01-3112-069-0210
01-3112-069-0230
FLOOR PLAN
1. 7111 N MIAMI AVE (NORTH)01-3112-069-021014,344 SF BLDG22,500 SF LOT
2. 7101 N MIAMI AVE (SOUTH)01-3112-069-022034,420 SF BLDG48,810 SF LOT
3. 7132 NE MIAMI CT (EAST)01-3112-069-02305,700 SF LOT
7111 N MIAMI AVE (NORTH)16 PARKING SPACES
7101 N MIAMI AVE (SOUTH)28 PARKING SPACES
7132 NE MIAMI CT(EAST)23 PARKING SPACES
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 8
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP
PRO FORMA
LandSize 77,010BuildingSize 48,6077111NMASize-NorthLine 14,3407101NMASize-SouthLine 34,267CommonArea 653NorthLine NNN(Pro-Forma)ROLLOVER 20.00$SouthLineNNNRent(Pro-Forma)ROLLOVER 15.00$OptionToRenew PerLeaseCurrentNOI 454,142.91$ProFormaNOI2020(Stabilized) 656,271.76$AskingPrice 11,485,000.00$CapEx 500,000.00$AverageLeaseTerm(Years) 5YearsLeasingFees6%of5YearsBaseRent 255,164.86$AnnualLeaseIncreases 3%
AdjustedBasis 11,985,000$TerminalCapRate 6.00%TerminalValue 15,969,086.44$Profit 3,984,086.44$IRR 10.45%
EXITY1(2018) Y2(2019) Y3(2020) Y4(2021) Y5(2022) Y6(2023) Y7(2024) Y8(2025)
Building Size7111 14,340 250,317.87$ 268,722.82$ 299,609.45$ 308,804.40$ 326,224.58$ 334,423.23$ 344,455.93$ 354,789.60$7101 34,267 310,396.84$ 480,367.23$ 532,585.17$ 574,098.42$ 591,763.20$ 620,254.57$ 638,862.20$ 658,028.07$
48,607 NOI 560,714.71$ 749,090.04$ 832,194.61$ 882,902.82$ 917,987.78$ 954,677.80$ 983,318.13$ 1,012,817.67$(11,985,000.00)$ 560,714.71$ 749,090.04$ 832,194.61$ 882,902.82$ 917,987.78$ 954,677.80$ 983,318.13$ 17,893,112.25$
4.68% 6.25% 6.94% 7.37% 7.66% 7.97% 8.20%
RENTROLLNORTHLINEY0 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
Unit Tenant LeaseExpiration RenewalTerm NetRentable CurrentRent 2017 2018 2019 2020 2021 2022 2023 2024 20257111 ErnestoKunde 3/31/18 950 15.00$ 14,250.00$ 14,250.00$ 14,677.50$ 14,678.53$ 14,679.56$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7113 TheEmptyApartmentLLC 10/31/17 950 15.79$ 15,000.50$ 20,157.10$ 20,761.81$ 21,384.67$ 22,026.21$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7115 Ziggy'sFarm 7/31/20 950 22.00$ 20,900.00$ 21,527.00$ 22,172.81$ 22,837.99$ 23,523.13$ 24,228.83$ 23,367.60$ 24,068.63$ 24,790.69$7117 MichaelVasquez 5/31/18 950 15.00$ 14,250.00$ 14,677.50$ 20,761.81$ 21,384.67$ 22,026.21$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7119 EmulsifiLLC 7/31/18 720 14.72$ 10,598.40$ 10,916.35$ 15,735.27$ 16,207.33$ 16,693.55$ 17,194.35$ 17,710.18$ 18,241.49$ 18,788.73$
7121-7123 GoldmanProperties M2M 2,500 16.00$ 40,000.00$ 41,200.00$ 42,436.00$ 43,709.08$ 45,020.35$ 46,370.96$ 47,762.09$ 49,194.95$ 50,670.80$7125 MiamiSpacesStorage M2M 670 -$ - 14,216.06$ 14,642.54$ 15,081.82$ 15,534.27$ 16,000.30$ 16,480.31$ 16,974.72$ 17,483.96$7127 SensationalVideo 12/15/20222 1,900 19.00$ 36,100.00$ 38,000.00$ 39,900.00$ 41,800.00$ 43,700.00$ 45,600.00$ 46,968.00$ 48,377.04$ 49,828.35$7129 JohnDavis M2M 950 14.16$ 13,452.00$ 20,157.10$ 20,761.81$ 21,384.67$ 22,026.21$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7131 Snacks5thAvenchew 20/31/2020 950 22.43$ 21,308.50$ 21,947.76$ 22,606.19$ 21,384.67$ 22,026.21$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7133 MiamiRestaurantSupplies 8/31/16 950 15.00$ 14,250.00$ 14,677.50$ 15,117.83$ 15,571.36$ 16,038.50$ 16,519.66$ 17,015.25$ 17,525.70$ 18,051.47$7135 VNO 5/31/20 950 19.00$ 18,050.00$ 18,591.50$ 19,149.25$ 21,384.67$ 22,026.21$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7137 Vacant 950 -$ -$ -$ -$ 22,800.00$ 23,484.00$ 24,188.52$ 24,914.18$ 25,661.60$ 26,431.45$
Total 14,340 14.47$ 218,159.40$ 250,317.87$ 268,722.82$ 299,609.45$ 308,804.40$ 326,224.58$ 334,423.23$ 344,455.93$ 354,789.60$
RENTROLLSOUTHLINEY0 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
Unit Tenant LeaseExpiration RenewalTerm NetRentable CurrentRent 2017 2018 2019 2020 2021 2022 2023 2024 2025101 Vacant 4,500 -$ -$ 71,610.75$ 73,759.07$ 75,971.84$ 78,251.00$ 80,598.53$ 83,016.49$ 85,506.98$ 88,072.19$102 Threadcount 9/30/16 2Years 3,988 13.12$ 52,342.44$ 52,342.44$ 65,366.93$ 67,327.94$ 69,347.78$ 71,428.21$ 73,571.05$ 75,778.19$ 78,051.53$103 FashionTenant 3/31/18 N/A 3,988 12.00$ 47,856.00$ 63,463.04$ 65,366.93$ 67,327.94$ 69,347.78$ 71,428.21$ 73,571.05$ 75,778.19$ 78,051.53$104 DeniseCronwall 9/30/20 2Years 3,700 16.00$ 59,200.00$ 62,900.00$ 66,600.00$ 68,598.00$ 70,655.94$ 72,775.62$ 74,958.89$ 77,207.65$ 79,523.88$105 Vacant 4,837 -$ -$ 76,973.60$ 79,282.81$ 81,661.29$ 84,111.13$ 86,634.46$ 89,233.50$ 91,910.50$ 94,667.82$106 Orlean,USA 1/31/17 1Year 3,570 12.00$ 42,840.00$ 44,125.20$ 58,515.53$ 60,271.00$ 62,079.13$ 63,941.50$ 65,859.75$ 67,835.54$ 69,870.60$107 SoultrainBoxing 4/30/16 3Years 3,200 8.27$ 26,460.00$ 27,253.80$ 28,071.41$ 54,024.42$ 55,645.16$ 57,314.51$ 59,033.95$ 60,804.96$ 62,629.11$108 DeftUnion 1/31/18 N/A 3,242 12.60$ 40,849.20$ 40,849.20$ 53,139.31$ 54,733.49$ 56,375.50$ 58,066.76$ 59,808.77$ 61,603.03$ 63,451.12$109 DeftUnion 1/31/18 3Years 3,242 12.60$ 40,849.20$ 40,849.20$ 42,483.17$ 44,182.49$ 45,949.79$ 58,066.76$ 59,808.77$ 61,603.03$ 63,451.12$
Total 34,267 9.62$ 310,396.84$ 480,367.23$ 532,585.17$ 574,098.42$ 591,763.20$ 620,254.57$ 638,862.20$ 658,028.07$ 677,768.91$
Y0(Current) Y1(2018) Y2(2019) Y3(2020) Y4(2021) Y5(2022) Y6(2023) Y7(2024) Y8(2025)Taxes(1.8%ofPurchasePrice) 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$Insurance 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$Maintenance 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$TotalExpensesPSF 0.97$ 0.97$ 0.97$ 0.97$ 0.97$ 0.97$ 0.97$ 0.97$ 0.97$Total 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$
TOTALSY0(Current) Y1(2018) Y2(2019) Y3(2020) Y4(2021) Y5(2022) Y6(2023) Y7(2024) Y8(2025)
GROSSINCOME 528,556.24$ 730,685.09$ 801,307.98$ 873,707.86$ 900,567.60$ 946,479.15$ 973,285.43$ 1,002,484.00$ 1,032,558.52$EXPENSES 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$NOI 454,142.91$ 656,271.76$ 726,894.65$ 799,294.53$ 826,154.27$ 872,065.82$ 898,872.10$ 928,070.67$ 958,145.19$CapRate 3.95% 5.71% 6.33% 6.96% 7.19% 7.59% 7.83% 8.08% 8.34%
FINANCIALSUMMARY
HOLD
7101-7111NMIAMIAVE
7111NMA
7101NMA
EXPENSES(AssumesModGrossLeases)
PRO-FORMAANALYSISSUMMARY
CashFlowsCapRate
LandSize 77,010BuildingSize 48,6077111NMASize-NorthLine 14,3407101NMASize-SouthLine 34,267CommonArea 653NorthLine NNN(Pro-Forma)ROLLOVER 20.00$SouthLineNNNRent(Pro-Forma)ROLLOVER 15.00$OptionToRenew PerLeaseCurrentNOI 454,142.91$ProFormaNOI2020(Stabilized) 656,271.76$AskingPrice 11,485,000.00$CapEx 500,000.00$AverageLeaseTerm(Years) 5YearsLeasingFees6%of5YearsBaseRent 255,164.86$AnnualLeaseIncreases 3%
AdjustedBasis 11,985,000$TerminalCapRate 6.00%TerminalValue 15,969,086.44$Profit 3,984,086.44$IRR 10.45%
EXITY1(2018) Y2(2019) Y3(2020) Y4(2021) Y5(2022) Y6(2023) Y7(2024) Y8(2025)
Building Size7111 14,340 250,317.87$ 268,722.82$ 299,609.45$ 308,804.40$ 326,224.58$ 334,423.23$ 344,455.93$ 354,789.60$7101 34,267 310,396.84$ 480,367.23$ 532,585.17$ 574,098.42$ 591,763.20$ 620,254.57$ 638,862.20$ 658,028.07$
48,607 NOI 560,714.71$ 749,090.04$ 832,194.61$ 882,902.82$ 917,987.78$ 954,677.80$ 983,318.13$ 1,012,817.67$(11,985,000.00)$ 560,714.71$ 749,090.04$ 832,194.61$ 882,902.82$ 917,987.78$ 954,677.80$ 983,318.13$ 17,893,112.25$
4.68% 6.25% 6.94% 7.37% 7.66% 7.97% 8.20%
RENTROLLNORTHLINEY0 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
Unit Tenant LeaseExpiration RenewalTerm NetRentable CurrentRent 2017 2018 2019 2020 2021 2022 2023 2024 20257111 ErnestoKunde 3/31/18 950 15.00$ 14,250.00$ 14,250.00$ 14,677.50$ 14,678.53$ 14,679.56$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7113 TheEmptyApartmentLLC 10/31/17 950 15.79$ 15,000.50$ 20,157.10$ 20,761.81$ 21,384.67$ 22,026.21$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7115 Ziggy'sFarm 7/31/20 950 22.00$ 20,900.00$ 21,527.00$ 22,172.81$ 22,837.99$ 23,523.13$ 24,228.83$ 23,367.60$ 24,068.63$ 24,790.69$7117 MichaelVasquez 5/31/18 950 15.00$ 14,250.00$ 14,677.50$ 20,761.81$ 21,384.67$ 22,026.21$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7119 EmulsifiLLC 7/31/18 720 14.72$ 10,598.40$ 10,916.35$ 15,735.27$ 16,207.33$ 16,693.55$ 17,194.35$ 17,710.18$ 18,241.49$ 18,788.73$
7121-7123 GoldmanProperties M2M 2,500 16.00$ 40,000.00$ 41,200.00$ 42,436.00$ 43,709.08$ 45,020.35$ 46,370.96$ 47,762.09$ 49,194.95$ 50,670.80$7125 MiamiSpacesStorage M2M 670 -$ - 14,216.06$ 14,642.54$ 15,081.82$ 15,534.27$ 16,000.30$ 16,480.31$ 16,974.72$ 17,483.96$7127 SensationalVideo 12/15/20222 1,900 19.00$ 36,100.00$ 38,000.00$ 39,900.00$ 41,800.00$ 43,700.00$ 45,600.00$ 46,968.00$ 48,377.04$ 49,828.35$7129 JohnDavis M2M 950 14.16$ 13,452.00$ 20,157.10$ 20,761.81$ 21,384.67$ 22,026.21$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7131 Snacks5thAvenchew 20/31/2020 950 22.43$ 21,308.50$ 21,947.76$ 22,606.19$ 21,384.67$ 22,026.21$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7133 MiamiRestaurantSupplies 8/31/16 950 15.00$ 14,250.00$ 14,677.50$ 15,117.83$ 15,571.36$ 16,038.50$ 16,519.66$ 17,015.25$ 17,525.70$ 18,051.47$7135 VNO 5/31/20 950 19.00$ 18,050.00$ 18,591.50$ 19,149.25$ 21,384.67$ 22,026.21$ 22,686.99$ 23,367.60$ 24,068.63$ 24,790.69$7137 Vacant 950 -$ -$ -$ -$ 22,800.00$ 23,484.00$ 24,188.52$ 24,914.18$ 25,661.60$ 26,431.45$
Total 14,340 14.47$ 218,159.40$ 250,317.87$ 268,722.82$ 299,609.45$ 308,804.40$ 326,224.58$ 334,423.23$ 344,455.93$ 354,789.60$
RENTROLLSOUTHLINEY0 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8
Unit Tenant LeaseExpiration RenewalTerm NetRentable CurrentRent 2017 2018 2019 2020 2021 2022 2023 2024 2025101 Vacant 4,500 -$ -$ 71,610.75$ 73,759.07$ 75,971.84$ 78,251.00$ 80,598.53$ 83,016.49$ 85,506.98$ 88,072.19$102 Threadcount 9/30/16 2Years 3,988 13.12$ 52,342.44$ 52,342.44$ 65,366.93$ 67,327.94$ 69,347.78$ 71,428.21$ 73,571.05$ 75,778.19$ 78,051.53$103 FashionTenant 3/31/18 N/A 3,988 12.00$ 47,856.00$ 63,463.04$ 65,366.93$ 67,327.94$ 69,347.78$ 71,428.21$ 73,571.05$ 75,778.19$ 78,051.53$104 DeniseCronwall 9/30/20 2Years 3,700 16.00$ 59,200.00$ 62,900.00$ 66,600.00$ 68,598.00$ 70,655.94$ 72,775.62$ 74,958.89$ 77,207.65$ 79,523.88$105 Vacant 4,837 -$ -$ 76,973.60$ 79,282.81$ 81,661.29$ 84,111.13$ 86,634.46$ 89,233.50$ 91,910.50$ 94,667.82$106 Orlean,USA 1/31/17 1Year 3,570 12.00$ 42,840.00$ 44,125.20$ 58,515.53$ 60,271.00$ 62,079.13$ 63,941.50$ 65,859.75$ 67,835.54$ 69,870.60$107 SoultrainBoxing 4/30/16 3Years 3,200 8.27$ 26,460.00$ 27,253.80$ 28,071.41$ 54,024.42$ 55,645.16$ 57,314.51$ 59,033.95$ 60,804.96$ 62,629.11$108 DeftUnion 1/31/18 N/A 3,242 12.60$ 40,849.20$ 40,849.20$ 53,139.31$ 54,733.49$ 56,375.50$ 58,066.76$ 59,808.77$ 61,603.03$ 63,451.12$109 DeftUnion 1/31/18 3Years 3,242 12.60$ 40,849.20$ 40,849.20$ 42,483.17$ 44,182.49$ 45,949.79$ 58,066.76$ 59,808.77$ 61,603.03$ 63,451.12$
Total 34,267 9.62$ 310,396.84$ 480,367.23$ 532,585.17$ 574,098.42$ 591,763.20$ 620,254.57$ 638,862.20$ 658,028.07$ 677,768.91$
Y0(Current) Y1(2018) Y2(2019) Y3(2020) Y4(2021) Y5(2022) Y6(2023) Y7(2024) Y8(2025)Taxes(1.8%ofPurchasePrice) 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$ 44,413.33$Insurance 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$ 18,000.00$Maintenance 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$ 12,000.00$TotalExpensesPSF 0.97$ 0.97$ 0.97$ 0.97$ 0.97$ 0.97$ 0.97$ 0.97$ 0.97$Total 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$
TOTALSY0(Current) Y1(2018) Y2(2019) Y3(2020) Y4(2021) Y5(2022) Y6(2023) Y7(2024) Y8(2025)
GROSSINCOME 528,556.24$ 730,685.09$ 801,307.98$ 873,707.86$ 900,567.60$ 946,479.15$ 973,285.43$ 1,002,484.00$ 1,032,558.52$EXPENSES 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$ 74,413.33$NOI 454,142.91$ 656,271.76$ 726,894.65$ 799,294.53$ 826,154.27$ 872,065.82$ 898,872.10$ 928,070.67$ 958,145.19$CapRate 3.95% 5.71% 6.33% 6.96% 7.19% 7.59% 7.83% 8.08% 8.34%
FINANCIALSUMMARY
HOLD
7101-7111NMIAMIAVE
7111NMA
7101NMA
EXPENSES(AssumesModGrossLeases)
PRO-FORMAANALYSISSUMMARY
CashFlowsCapRate
1 MIN DRIVE
5 MIN DRIVE
5 MIN DRIVE
5 MIN DRIVE
8 MIN DRIVE20 MIN DRIVE
8 MIN DRIVE
10 MIN DRIVE
10 MIN DRIVE
BIS
CA
YN
E B
LVD
N. M
IAM
I A
VE
NE 54 STREET
NE 79 STREET
NE 29 STREET
I-195
IRONSIDE
JUNCTION
SUBJECTPROPERTY
RAIL 71
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 10
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP
CASE STUDY:RAIL 71
7210 NE 4th Ave, Miami, FL, 33138Adaptive Reuse ProjectAsking Rents: $18-$26 PSF120,000 SFDesign, Fitness, & F&B Tenants95% leased before TCO
IRONSIDE
JUNCTION
SUBJECTPROPERTY
RAIL 71
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 11
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP
CASE STUDY:IRONSIDE
7610 NE 4th Ct, Miami, FL, 33138Adaptive Reuse ProjectAsking Rents: $30 PSF +Design, Fashion, F&B TenantsWaiting list to lease
IRONSIDE
JUNCTION
SUBJECTPROPERTY
RAIL 71
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 12
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP
EXECUTIVE SUMMARY
• Signage Opportunity• Assigned Parking Spaces + Guest Parking• Fully Renovated Creative Office• Secured Gated Access
Spaces start at $1,999 per month
Spaces ranging from 1,065 SF - 2,000 SF
7251 NE 2nd AVENUEMiami , FL | 33 138
Modern loft spaces in the creative community of Little River. The spaces feature front glass doors, new bathrooms and an open lower and upper level floor plan with ample light throughout the unit.
2
ALFREDO RIASCOSCommercial Sales Associate
MATEO ROMEROCommercial Associate
305 571 9991For more information contact
MODERN LOFT OFFICESFOR LEASE
CASE STUDY:JUNCTION LOFTS
7251 NE 2 Ave, Miami, FL, 33138Adaptive Reuse ProjectAsking Rents: $24 PSF26,136 SFCreative OfficesOccupancy: 100%
IRONSIDE
JUNCTION
SUBJECTPROPERTY
RAIL 71
LITTLE RIVERINDUSTRY BLDG
| |PROCURING BROKER SHALL ONLY BE ENTITLED TO A COMMISSION, CALCULATED IN ACCORDANCE WITH THE RATES APPROVED BY OUR PRINCIPAL ONLY IF SUCH PROCURING BROKER EXECUTES A BROKERAGE AGREEMENT ACCEPTABLE TO US AND OUR PRINCIPAL AND THE CONDITIONS AS SET FORTH IN THE BROKERAGE AGREEMENT ARE FULLY AND UNCONDITIONALLY SATISFIED. ALTHOUGH ALL INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL, OR FINANCING IS FROM SOURCES DEEMED RELIABLE, SUCH INFORMATION HAS NOT BEEN VERIFIED AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE AND TO ANY SPECIAL CONDITIONS IMPOSED BY OUR PRINCIPAL.
ADDRESS: WEBSITE: CONTACT: EMAIL:
7101-7111 N. MIAMI AVE, MIAMI, FL | metro1.com | 305.571.9991 | [email protected] 13
Alfredo RiascosSenior Sales Associate
Mateo RomeroAssociate
Tony ArellanoExecutive VP