7295 bird rd

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7295 Bird Rd. Miami, FL 33155 Oering Memorandum

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7295 Bird Rd.Miami, FL 33155

Offering Memorandum

Sale Type Investment

GLA 2,089 SFStories 1Typical Floor 2,089 SFDocks NoneConstruction Masonry

Year Built 1983Tenancy SingleOwner Occup No

Land Acres 0.14 ACBldg FAR 0.35

Land SF 6,000 SF

Bus LinePylon Sign

Signage

Price $975,000

Financing Cash

Type 3 Star Retail Freestanding

Parking 7 free Surface Spaces are available; Ratio of 3.72/1,000SF

Frontage 77' on 40TH

Taxes $3.70/SF (2014)

Walk Score® Somewhat Walkable (62)Transit Score® Some Transit (32)

Zoning BU-2Parcel 30-4014-008-4330

Commuter Rail Drive Distance

Miami Airport Commuter Rail (Tri-County Commuter) 18 min 9.2 mi

Hialeah Market Commuter Rail (Tri-County Commuter) 18 min 9.5 mi

Airport Drive Distance

Miami International Airport 20 min 6.9 mi

Fort Lauderdale/Hollywood International Airport 44 min 33.0 mi

6.4% 5.9%6.5% 6.1%

Made with TrafficMetrix® Products

True Owner Chapman & Galle, PLCRecorded Owner American Land Investment & Development LLCOwner Type Corporate/User

1 Mi 3 MiPopulation 14,705 171,162Households 5,372 58,310Average Age 42.20 42.40Median HH Income $51,302 $49,475Daytime Employees 12,672 91,037

Population Growth '15-'20Household Growth '15-'20

Collection Street Cross Street Traffic Vol Year DistanceSW 40th St SW 73rd Ct 48,594 2014 0.04 miSW 72nd Ave SW 42nd Ter 23,859 2014 0.21 miSW 40th St Palmetto Expy 7,745 2014 0.33 miSW 77th Ave SW 21st St 16,692 2014 0.39 miPalmetto Expy SW 40th St 180,512 2014 0.46 mi

Zip 33155Submarket West MiamiSubmarket Cluster West MiamiMarket South FloridaCounty Miami/DadeState FloridaCBSA Miami-Miami Beach-Kendall, FL

Sale

Building

Land

Amenities

Public Transportation

Market Conditions Current YOY ChangeVacancy Rates

Current Building 0.0% 0.0%Submarket 2-4 Star 2.4% 0.8%Market Overall 4.8% 0.5%

NNN Asking Rents Per SFSubmarket 2-4 Star $27.50 3.5%Market Overall $23.39 4.5%

Submarket Leasing Activity12 Mo. Leased SF 102,976 7.7%Months on Market 13.8 0.5 mo

Submarket Sales Activity Current Prev Year12 Mo. Sales Volume (Mil.) $91.1 $30.812 Mo. Price Per SF $271 $186

Property Contacts

Demographics

Traffic

Location

Property Summary

THIS REPORT IS AN OPINION OR COMPARATVE MARKET ANALYSIS AND IS NOT AN APPRAISAL. The information provided is believed to be from sources we believe to be reliable, but we make no representations or warranties whatsoever. Buyer mustverify the information and bears all risk for any inaccuracies. References for square footages or age are approximates.

Property Location

THIS REPORT IS AN OPINION OR COMPARATVE MARKET ANALYSIS AND IS NOT AN APPRAISAL. The information provided is believed to be from sources we believe to be reliable, but we make no representations or warranties whatsoever. Buyer mustverify the information and bears all risk for any inaccuracies. References for square footages or age are approximates.

7295 Bird Rd - Miami, FL 33155

Property Location

THIS REPORT IS AN OPINION OR COMPARATVE MARKET ANALYSIS AND IS NOT AN APPRAISAL. The information provided is believed to be from sources we believe to be reliable, but we make no representations or warranties whatsoever. Buyer mustverify the information and bears all risk for any inaccuracies. References for square footages or age are approximates.

7295 Bird Rd - Miami, FL 33155

Pictures

THIS REPORT IS AN OPINION OR COMPARATVE MARKET ANALYSIS AND IS NOT AN APPRAISAL. The information provided is believed to be from sources we believe to be reliable, but we make no representations or warranties whatsoever. Buyer mustverify the information and bears all risk for any inaccuracies. References for square footages or age are approximates.

Sales Comparables

THIS REPORT IS AN OPINION OR COMPARATVE MARKET ANALYSIS AND IS NOT AN APPRAISAL. The information provided is believed to be from sources we believe to be reliable, but we make no representations or warranties whatsoever. Buyer mustverify the information and bears all risk for any inaccuracies. References for square footages or age are approximates.

7305 SW 41st St1-1 Multi-Property Sale: $3,500,000 ($141.68/SF)Miami24,704 SF General Retail/Auto

Repair

7300 Bird Rd1-2 Multi-Property Sale: $3,500,000 ($141.68/SF)Miami24,704 SF General Retail/Auto

Dealership

7625 Bird Rd2-1 Multi-Property Sale: $2,575,000 ($546.01/SF)Miami4,716 SF General Retail/Service

Station

7625 Bird Rd2-2 Multi-Property Sale: $2,575,000 ($546.01/SF)Miami4,716 SF General Retail/Service

Station

6849 Bird Rd3 Sold: $1,800,000 ($919.31/SF)Miami 1,958 SF General Retail

7240 Bird Rd4 Sold: -Miami4,714 SF General Retail/Auto

Dealership

7240 Bird Rd5 Sold: $2,600,000 ($551.55/SF)Miami4,714 SF General Retail/Auto

Dealership

7295 Bird Rd6 Sold: $750,000 ($359.02/SF)Miami2,089 SF General

Retail/Freestanding

7400 Bird Rd7 Sold: $4,500,000 ($475.99/SF)Miami9,454 SF General Retail/Auto

Dealership

7481 Bird Rd8 Sold: $749,000 ($318.05/SF)Miami 2,355 SF General Retail

7501 Bird Rd9 Sold: $1,490,000 ($383.23/SF)Miami 3,888 SF General Retail/Fast Food

Address City Property Info Sale Info

1 Multi-Property SOLD2 Retail buildings in Miami, FL, having total size of 24,704 SF.

Waylen Bay Properties LlcRecorded Buyer: Recorded Seller: Desert Land, LLC.2411 W Horatio St

Tampa, FL 33609

6407 Blanding Blvd

Jacksonville, FL 32244

(904) 771-8244

Desert Land, LLC.True Seller:

Sale Date:

– Research Status:

Price/SF:

Sale Price:

$141.68$3,500,000 - Full Value04/16/2008

Financing: $1,000,000 from Private LenderFull Value

# of Properties:

Total Land Area:

224,704 SF1.26 AC (54,886 SF)

Total Bldg Size:

Comp ID: 1529972

2 Multi-Property SOLD2 Retail buildings in Miami, FL, having total size of 4,716 SF.

Agarra Group IncRecorded Buyer: Recorded Seller: Bird Road Station Corp7625 Bird Rd

Miami, FL 33155

(305) 264-7295

Bird Road Station CorpTrue Seller:

Sale Date:

– Research Status:

Price/SF:

Sale Price:

$546.01$2,575,000 - Confirmed09/12/2012

Financing: -Confirmed

# of Properties:

Total Land Area:

24,716 SF1.36 AC (59,242 SF)

Total Bldg Size:

Comp ID: 2580523

3 6849 Bird Rd SOLDMiami, FL 33155 Miami/Dade County

Stefpaul Investments I IncRecorded Buyer: Recorded Seller: Denco Holdings, Inc.4520 Santa Maria St

Coral Gables, FL 33146

True Buyer: Stefpaul Investments I Inc

5430 Rutledge Pike

Knoxville, TN 37924

(865) 523-4999

Denco Holdings, Inc.True Seller:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

$919.31$1,800,000 - Full Value05/25/2007 Bldg Type:

Zoning:

Year Built/Age:

GLA:

-

Parcel No:

Financing:

30-1014-005-3270, 30-1014-005-3280, 30-1014-005-3290, 30-1014-005-3300 [Partial List]Down payment of $550,000 (30.6%); $1,250,000 from Citrus Bank; Conventional loan type

Full Value

RetailBuilt 1948 Age: 591,958 SF

BU-2Land Area: 0.09 AC (3,920 SF)

Price/SF:

1324069Comp ID:

Sales Comparables

THIS REPORT IS AN OPINION OR COMPARATVE MARKET ANALYSIS AND IS NOT AN APPRAISAL. The information provided is believed to be from sources we believe to be reliable, but we make no representations or warranties whatsoever. Buyer mustverify the information and bears all risk for any inaccuracies. References for square footages or age are approximates.

4 7240 Bird Rd SOLDMiami, FL 33155 Miami/Dade County

Bird Automotive LlcRecorded Buyer: Recorded Seller: Ramos Jose E7240 Bird Rd

Miami, FL 33155

(305) 267-5180

Ramos Jose ETrue Seller:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

$551.55$2,600,000 - Full Value09/15/2011 Bldg Type:

Zoning:

Year Built/Age:

GLA:

-

Parcel No:

Financing:

30-4023-012-0071-

Full Value

RetailAuto DealershipBuilt 1969 Age: 424,714 SF

BU-1ALand Area: 0.99 AC (43,124 SF)

Price/SF:

2187246Comp ID:

5 7240 Bird Rd SOLDMiami, FL 33155 Miami/Dade County

-True Buyer: Recorded Seller: Jose Ramos9420 SW 100th St

Miami, FL 33176

(305) 595-8962

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

--06/04/2007 (67 days on mkt) Bldg Type:

Zoning:

Year Built/Age:

GLA:

-

Parcel No:

Financing:

30-4023-012-0071-

Research Complete

RetailAuto DealershipBuilt 1969 Age: 384,714 SF

BU-1ALand Area: 0.99 AC (43,124 SF)

Price/SF:

1317186Comp ID:

6 7295 Bird Rd SOLDMiami, FL 33155 Miami/Dade County

American Land Investment &Development LLC

Recorded Buyer: Recorded Seller: O K Pool Service Inc7295 Bird Rd

Miami, FL 33155

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

$359.02$750,000 - Confirmed10/10/2014 (246 days on mkt) Bldg Type:

Zoning:

Year Built/Age:

GLA:

-

Parcel No:

Financing:

30-4014-008-4330Down payment of $750,000 (100.0%)

Confirmed

RetailFreestandingBuilt 1983 Age: 312,089 SF

BU-2Land Area: 0.14 AC (6,098 SF)

Price/SF:

3139914Comp ID:

Sales Comparables

THIS REPORT IS AN OPINION OR COMPARATVE MARKET ANALYSIS AND IS NOT AN APPRAISAL. The information provided is believed to be from sources we believe to be reliable, but we make no representations or warranties whatsoever. Buyer mustverify the information and bears all risk for any inaccuracies. References for square footages or age are approximates.

7 7400 Bird Rd SOLDMiami, FL 33155 Miami/Dade County

Bird 74, LLCRecorded Buyer: Recorded Seller: James & Shirley Heiman3839 W 16th Ave

Hialeah, FL 33012

(305) 823-6721

Buyer Contact: Kevin R. Roberts

4520 SW 62nd Ct

Miami, FL 33155

(305) 661-9005

James F. HeimanSeller Contact:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

$475.99$4,500,000 - Full Value04/26/2005 Bldg Type:

Zoning:

Year Built/Age:

GLA:

-

Parcel No:

Financing:

30-4023-010-0030-

Full Value

RetailAuto DealershipBuilt 1959 Age: 469,454 SF

BU-2, MiamiLand Area: 1.30 AC (56,628 SF)

Price/SF:

1059087Comp ID:

Map Page: Trakker 46-S17

8 7481 Bird Rd - 7-eleven SOLDMiami, FL 33155 Miami/Dade County

Bird Convenience Center, LLCRecorded Buyer: Recorded Seller: 7-Eleven, Inc.9100 S Dadeland Blvd

Miami, FL 33156

(305) 670-1984

Buyer Contact: Ronald E. Rubin

1722 Routh St

Dallas, TX 75201

(972) 828-0711

Rick UpdukeSeller Contact:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

$318.05$749,000 - Full Value02/28/2005 Bldg Type:

Zoning:

Year Built/Age:

GLA:

-

Parcel No:

Financing:

30-4014-008-4600-

Full Value

RetailBuilt 1969 Age: 362,355 SF

BU-1, MiamiLand Area: 0.28 AC (12,197 SF)

Price/SF:

1041869Comp ID:

Map Page: Trakker 37-S16

9 7501 Bird Rd SOLDMiami, FL 33155 Miami/Dade County

7501 Investments LlcRecorded Buyer: Recorded Seller: Feinstein Mark D7501 Bird Rd

Miami, FL 33155

True Buyer: Radomil Morejon

290 NW 165th St

Miami, FL 33169

(305) 944-4777

Feinstein Mark DTrue Seller:

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$383.23$1,490,000 - Full Value06/30/2011 (463 days on mkt) Bldg Type:

Zoning:

Sale Conditions:

Year Built/Age:

GLA:

-7.00%

Parcel No:

Financing:

30-4014-008-4740Down payment of $600,000 (40.3%); $890,000 from Totalbank

Full Value

RetailFast FoodBuilt 1959 Renov 2001 Age: 523,888 SF

BU-2-

Land Area: 0.58 AC (25,265 SF)Price/SF:

2146506Comp ID:

Sales Comparables

THIS REPORT IS AN OPINION OR COMPARATVE MARKET ANALYSIS AND IS NOT AN APPRAISAL. The information provided is believed to be from sources we believe to be reliable, but we make no representations or warranties whatsoever. Buyer mustverify the information and bears all risk for any inaccuracies. References for square footages or age are approximates.

RESIDENTIAL COMMERCIAL

DAVID CARRION-LEVY

David Carrion P.A.

+1.786.445.0535+1.305.450.0598

[email protected]

www.carrionlevy.comwww.facebook.com/dcarrionlevy

1047 Kane ConcourseBay Harbor Islands, 33154

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