retail property for sale wynwood showcase · retail property for sale 2210 nw miami court, miami,...
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RETAIL PROPERTY
FOR SALE
2210 NW MIAMI COURT, MIAMI , FL 33127
WYNWOODSHOWCASE
1356 SW 8 STREET #202
MIAMI, FL 33135
APEXCAPITALREALTY.COM
PRESENTED BY:
MIGUEL PINTO
PROPERTY INFORMATION 3
LOCATION INFORMATION 10
SALE COMPARABLES 15
DEMOGRAPHICS 21
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 2
CONTENTSCONFIDENTIALITY & DISCLAIMER
A P R I L 1 8 , 2 0 1 8
TABLE OF CONTENTS
All materials and information received or derived from Apex Capital Realty, LLC its directors, officers,agents, advisors, affiliates and/or any third party sources are provided without representation orwarranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack ofcompliance with applicable governmental requirements, developability or suitability, financialperformance of the property, projected financial performance of the property for any party’s intendeduse or any and all other matters.
Neither Apex Capital Realty, LLC its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the any materialsor information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct ofits own due diligence to determine these and other matters of significance to such party. Apex CapitalRealty, LLC will not investigate or verify any such matters or conduct due diligence for a party unlessotherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including through appropriatethird party independent professionals selected by such party. All financial data should be verified bythe party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. Apex Capital Realty, LLC makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data orassumptions. Apex Capital Realty, LLC does not serve as a financial advisor to any party regarding anyproposed transaction. All data and assumptions regarding financial performance, including that usedfor financial modeling purposes, may differ from actual data or performance. Any estimates of marketrents and/or projected rents that may be provided to a party do not necessarily mean that rents canbe established at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order todetermine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions should bediscussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements should bediscussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by Apex Capital Realty, LLC incompliance with all applicable fair housing and equal opportunity laws.
FOR MORE INFORMATION APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM
MIGUEL [email protected]
S E C T I O N 1
PROPERTY INFORMATION
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 4
OFFERING SUMMARY
Sale Price: $3,995,000
Lot Size: 13,345 +/- SF
Year Built: 1946
Building Size: 6,430 SF
Zoning: T5-O
Market: Wynwood
Price / SF: $621.30
Price / SF: $299.36
Apex Capital Realty is pleased to offer for sale a 6,400+/- SF existing building with gated parking on a corner sitting on13,345+/- SF lot. This represents an amazing value-add, adaptive reuse opportunity with T5-O zoning. The property allowsfor a +/- 53,380 square feet development and 19 residential. This is one of the best covered land plays in Wynwood, thereis tremendous upside in the lease-up of the existing vacant building with approved plans and huge upside potential in thefuture with a vertical development opportunity. The location of this property is on the same block as Wynwood Arcade andwalking distance to Arts Charter School, Wynwood Walls, 1-800 Lucky and other major tenants along NW 2 Avenue and NMiami Avenue.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Value-Add Opportunity to re-position property to a high Cap Rate
• Favorable Land Basis
• Located in the heart of Wynwood, one of the most popular emerging neighborhoods with a global reputation
• Strong Rent Growth Potential
• Walking distance to Wynwood’s iconic attractions including the famed Wynwood Walls
• Private Gated Parking
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WYNWOOD SHOWCASE EXECUTIVE SUMMARY
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APPROVED PLANS & CONCEPTUAL RENDERINGS
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 5
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PROPOSED SPACE DIVISIONS
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 6
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CURRENT STATE OF PROPERTY PHOTOS
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 7
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CURRENT STATE OF PROPERTY PHOTOS
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 8
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 9
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SURVEY
FOR MORE INFORMATION APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM
MIGUEL [email protected]
S E C T I O N 2
LOCATION INFORMATION
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 11
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REGIONAL MAP
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 12
2210 NW Miami Court
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AERIAL MAP
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 13
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WYNWOOD MAP
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WYNWOOD DEVELOPMENT IN THE NEWS
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 14
FOR MORE INFORMATION APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM
MIGUEL [email protected]
S E C T I O N 3
SALE COMPARABLES
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 16
SUBJECT PROPERTY
2210 NW Miami Court | Miami, FL 33127
$3,995,000Sale Price: 0.31 ACLot Size:
1946Year Built: 6,430 SFBuilding SF:
$621.31Price PSF:
1
97 NW 25 ST
Miami, FL 33127
$4,375,000Sale Price: 0.2344811753902663 ACLot Size:
4,804 SFBuilding SF: $910.70Price PSF:
10/01/2016Closed:
1
2
2200 NW 1 AVE
MIami, FL 33127
$17,000,000Sale Price: 1.5481404958677687 ACLot Size:
36,076 SFBuilding SF: $471.23Price PSF:
04/01/2017Closed:
2
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SALE COMPS
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 17
3
2250 NW 1 AVE
MIAMI, FL 33127
$5,000,000Sale Price: 0.2951101928374656 ACLot Size:
7,364 SFBuilding SF: $678.98Price PSF:
04/01/2016Closed:
3
4
2301 N MIAMI AVE
Miami, FL 33127
$8,500,000Sale Price: 0.31561065197428834 ACLot Size:
12,803 SFBuilding SF: $663.91Price PSF:
08/01/2016Closed:
4
5
2335 N MIAMI AVE
Miami, FL 33127
$14,000,000Sale Price: 1.648989898989899 ACLot Size:
35,176 SFBuilding SF: $398.00Price PSF:
03/01/2018Closed:
5
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SALE COMPS
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 18
6
21 NE 26 ST
Miami, FL 33127
$5,000,000Sale Price: 0.16414141414141414 ACLot Size:
6,377 SFBuilding SF: $784.07Price PSF:
04/01/2016Closed:
6
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SALE COMPS
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 19
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS
2210 NW Miami Court2210 NW Miami Court
Miami, FL 33127
$3,995,000 6,430 SF $621.31 - -
SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE
97 NW 25 STMiami, FL33127
$4,375,000 4,804 SF $910.70 - - 10/01/2016
2200 NW 1 AVEMIami, FL33127
$17,000,000 36,076 SF $471.23 - - 04/01/2017
2250 NW 1 AVEMIAMI, FL33127
$5,000,000 7,364 SF $678.98 - - 04/01/2016
2301 N Miami AveMiami, FL33127
$8,500,000 12,803 SF $663.91 - - 08/01/2016
2335 N Miami AveMiami, FL33127
$14,000,000 35,176 SF $398.00 - - 03/01/2018
21 NE 26 STMiami, FL33127
$5,000,000 6,377 SF $784.07 - - 04/01/2016
PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE
Totals/Averages $8,979,167 17,100 SF $525.10 - -
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SALE COMPS SUMMARY
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 20
2210 NW Miami Court | Miami, FL 33127SUBJECT PROPERTY
1 Miami, FL33127
97 NW 25 ST 2 MIami, FL33127
2200 NW 1 AVE 3 MIAMI, FL33127
2250 NW 1 AVE 4 Miami, FL33127
2301 N MIAMI AVE
5 Miami, FL33127
2335 N MIAMI AVE 6 Miami, FL33127
21 NE 26 ST
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SALE COMPS MAP
FOR MORE INFORMATION APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM
MIGUEL [email protected]
S E C T I O N 4
DEMOGRAPHICS
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 22
1 MILE 2 MILES 3 MILES
Total population 22,801 96,971 235,156
Median age 34.1 35.0 36.2
Median age (Male) 34.7 34.0 34.6
Median age (Female) 33.3 36.1 37.6
Total households 8,153 34,663 89,267
Total persons per HH 2.8 2.8 2.6
Average HH income $40,436 $40,579 $43,319
Average house value $232,334 $304,180 $408,806
Total Population - White 11,490 54,321 146,042
% White 50.4% 56.0% 62.1%
Total Population - Black 9,551 34,906 73,942
% Black 41.9% 36.0% 31.4%
Total Population - Asian 197 1,324 2,303
% Asian 0.9% 1.4% 1.0%
Total Population - Hawaiian 0 0 35
% Hawaiian 0.0% 0.0% 0.0%
Total Population - American Indian 42 88 156
% American Indian 0.2% 0.1% 0.1%
Total Population - Other 1,029 4,844 9,585
% Other 4.5% 5.0% 4.1%
Total Population - Hispanic 11,152 54,701 146,329
% Hispanic 48.9% 56.4% 62.2%
* Demographic data derived from 2010 US Census
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DEMOGRAPHICS REPORT
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 23
POPULATION 1 MILE 2 MILES 3 MILES
Total population 22,801 96,971 235,156
Median age 34.1 35.0 36.2
Median age (Male) 34.7 34.0 34.6
Median age (Female) 33.3 36.1 37.6
HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES
Total households 8,153 34,663 89,267
# of persons per HH 2.8 2.8 2.6
Average HH income $40,436 $40,579 $43,319
Average house value $232,334 $304,180 $408,806
* Demographic data derived from 2010 US Census
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DEMOGRAPHICS MAP
1356 SW 8 Street #202Miami, FL 33135T [email protected]
MIGUEL PINTO
President, Managing Broker
APEX CAPITAL REALTY 1356 SW 8 STREET #202 MIAMI, FL 33135 APEXCAPITALREALTY.COM 24
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