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50 SE 3RD AVE &254 E DANIA BEACH BLVD

DANIA BEACHOFFER MEMORANDUM

$1 ,600,000

PeterDackoMedia Realty & Advisors

954-923-2325

954-328-8248

[email protected]

15 U

nits E

ast of

US

-1

mailto:[email protected]

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure isproprietary and strictly confidential. It is intended to be reviewedonly by the party receiving it from Media Realty & Advisors, Inc.(Media Realty)and should not be made available to any other personor entity without the written consent of Media Realty. This MarketingBrochure has been prepared to provide summary, unverifiedinformation to prospective purchasers, and to establish only apreliminary level of interest in the subject property. The informationcontained herein is not a substitute for a thorough due diligenceinvestigation. Media Realty has not made any investigation, andmakes no warranty or representation, with respect to the income orexpenses for the subject property, the future projected financialperformance of the property, the size and square footage of theproperty and improvements, the presence or absence ofcontaminating substances, PCB's or asbestos, the compliance withState and Federal regulations, the physical condition of theimprovements thereon, or the financial condition or business prospectsof any tenant, or any tenant’s plans or intentions to continue itsoccupancy of the subject property. The information contained in thisMarketing Brochure has been obtained from sources we believe to bereliable; however, Media Realty has not verified, and will not verify,any of the information contained herein, nor has Media Realtyconducted any investigation regarding these matters and makes nowarranty or representation whatsoever regarding the accuracy orcompleteness of the information provided. All potential buyers musttake appropriate measures to verify all of the information set forthherein.

2

MISSION STATEMENT

Media Realty was created in 2004 with the vision

that real estate is the one common denominator

that binds the neighborhoods to its residential and

business communities alike.

Media Realty is a full service real estate company

with a business platform which includes brokerage

services, property management, tenant placement

services, and other ancillary services such as

valuations, highest and best use analysis and tax

abatement. Through our commitment of creating

and maintaining long term relationships Media

Realty is dedicated to reshaping our neighborhoods

with best business practices and community

involvement.

Media Realty will enable our clients to maximize

their net returns by providing the best information

which allows our clients to make the most educated

decision in a timely manner.

Media Realty offers a unique value proposition no

matter which side of the transaction you are on.

INTRODUCTION TO BROWARD COUNTY

4

Broward County is well known for its brilliant sunshine in the winter, and ocean

breezes in the summer, but it is also a vibrant, diverse destination for many growing

businesses, corporations and others who seek the unique South Florida lifestyle.

Currently, the County consists of thirty-one (31) unique municipalities, from the

bustling urban center of the City of Fort Lauderdale, to the tranquil rural lifestyle

found in the Town of Southwest Ranches. The diversity of lifestyles and tremendous

population growth has positioned Broward County to become the second most

populated county in the State of Florida. Broward County is an urbanized county

located in southeast Florida. It is bounded by Palm Beach County to the north,

Miami-Dade County to the south, Hendry and Collier Counties to the west, and the

Atlantic Ocean on the east. The County population has increased steadily from

5,135 in 1920 to more than 1.7 million in 2011. This dramatic increase has made

Broward County the 15th largest County (in terms of population) in the United States

and the second largest in the State of Florida, just behind Miami-Dade

One of the challenges residents of Broward County will face with is build-out.

Broward County is the first County in the State to face the issue of build-out. Build-

out occurs when available vacant or undeveloped land no longer exists. New

development cannot occur without the demolishing, reconstructing, or subdividing of

existing properties. As build-out becomes a reality, redevelopment within Broward

County will be the future focus of how the County manages and directs growth,

while protecting existing residential neighborhoods.

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No

representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action.




INTRODUCTION TO DANIA BEACH

Dania Beach, so named by the Danish residents who first lived there, is located in South

Florida between Fort Lauderdale and Miami in a culturally diverse community with all the

appeal of small town living. It was incorporated into Broward County in November 1904

with only 35 residents. Today with a population of nearly 30,000 people, Dania Beach

remains one of Florida’s most fascinating cities.

Dania Beach not only provides a luxurious ocean view, but also offers a wide range of

activities to pass the time including fishing, windsurfing, snorkeling, kiteboarding and

much more.

Stroll the immaculate parks and beaches while taking in the fresh sea breeze with the

wide expanse of the gorgeous Atlantic Ocean. There are plenty of places to shop

including a historic antiquities district with unique vintage finds. Take time to browse

Dania Beach’s local art galleries, sip coffee at a local shop, or try some famous ice

cream. Why not take a gamble and try your hand at Poker? Dania Beach is known for its

alluring Poker tournaments. Want something more exciting? Stop by Dania Jai-Alai and

watch one of the word’s fastest games!

When you are not lying on the sand soaking up the sun, give surfing a try as the blue-

green waves that roll onto the beach. Hitch a ride with a sea captain for a day trip at sea

or explore the Atlantic’s inner depths with some scuba diving.

If you’re looking for a nice and relaxing time, come spend the day on the beach and

enjoy gorgeous evening sunset.

Dania Beach is definitely not one of your typical beach side towns. Dania Beach provides

more to visitors than what meets the eye. From fishing and windsurfing to roller coaster

rides and Jai-Alai, Dania Beach offers a variety activities for all ages. So pack your bags

and book your flight today. Visit Dania Beach today, a place where relaxation and surf

takes precedence. There is approximately $1 Billion of new development slated for Dania

Beach.

Click Here to view Sun Sentinel article regarding Dania New Development,

http://www.sun-sentinel.com/local/broward/fl-sb-dania-hollywood-development-boom-20170228-story.html

DANIA BEACH

6

Dania Pointe - Mixed-Use Lifestyle Development. Dania

Pointe is a 102-acre premier mixed-use development with

almost 1 million square feet of retail and restaurants in

addition to Class A offices, hotels, luxury apartments and

public event space. With 1,600 linear feet of frontage on 1-

95 and immediate proximity to the Fort Lauderdale-

Hollywood International Airport, Port Everglades Cruise

Port, and the DCOTA Design Center, Dania Pointe’s

sophisticated mix of shop, work, live, play and stay options

will make it Broward County’s preeminent lifestyle

destination.

The Place

The place at Dania Beach... a mixed-use project

on approximately two acres featuring 144

residential rental units with 8,000 square feet of

retail commercial space for restaurant and retail.

Amenities also include a rooftop recreation facility,

pool and fire-pit with some units available with a

'back-yard". The Place at Dania Beach is located

at 180 East Dania Beach Blvd, 33004 and is

owned by AHS Development Group.

Casino & Jai-Alai

The Dania Beach Casino & Jai-Alai - The newest

casino in Broward County is here in the City of

Dania Beach. Featuring 900 Las Vegas style slot

machines, a 24 table card room, nationally known

recording artists and comedians, simulcast lounge

and sports bar, multiple dining options and live Jai-

Alai, the brand new Casino @ Dania Beach offers a

gaming and entertainment experience like no other

in a friendly and fun environment.

http://daniabeachfl.gov/2740/The-Place

http://daniabeachfl.gov/2724/Casino-Jai-Alai

SUBJECT PROPERTY

BROWARD COUNTY PROPERTY APPRAISER

8

Click here to Property Card

http://www.bcpa.net/RecInfo.asp?URL_Folio=504234110120

BROWARD COUNTY PROPERTY APPRAISER

9

Click here to Property Card

http://www.bcpa.net/RecInfo.asp?URL_Folio=504234110100

LOCATION MAP

10

Click here to view Google Map




https://www.google.com/maps/place/254+E+Dania+Beach+Blvd,+Dania+Beach,+FL+33004/@26.0468997,-80.1533337,13.92z/data=!4m5!3m4!1s0x88d9aaf42bd6e1a7:0x7d0dfe576494e0e6!8m2!3d26.0521646!4d-80.1397238

PHOTO ADDENDUM50 SE 3 AVE

PHOTO ADDENDUM50 SE 3 AVE #4

PHOTO ADDENDUM50 SE 3 AVE #5

PHOTO ADDENDUM254 EAST DANIA BEACH BLVD

PHOTO ADDENDUM

SKETCH 254 E DANIA BEACH BLVD

18

SKETCH 50 SE 3RD AVE

19

RENT SURVEY Section 2

RENT ROLL254 E DANIA BEACH BLVD

21

Unit Type Rent

1 Studio $875

2 Studio $775

3 Eff $775

4 Studio $900

5 Eff $750

6 Eff $750

7 Studio $850

8 Studio $850

Total $6,525




RENT ROLL50 SE 3 AVE

22

Lease

Expiration

1 $1,000 M-T-M

2 $950 M-T-M

3 $950 M-T-M

4 $1,000 10/31/2018

5 $875 M-T-M

6 $1,050 6/15/2018

7 $750 M-T-M

Total $6,575

Unit # Rent




RENT SURVEY 1 BEDROOM APTS.

23

AddressCurrent

Price

Sale

PriceClosing Date

Rent

Period

Furnished

Info (List)#Beds #FBaths

Apt

SqFt

Year

Built

1842 Thomas St Unit#R $1,075 Year Unfurnished 1 1 1952

26 SE 3rd Ter Unit#3 $1,100 Year Unfurnished 1 1 584 1964

1800 Fillmore St Unit#A $1,100 Year Unfurnished 1 1 1930

1917 LINCOLN ST Unit#2 $1,150 Year Unfurnished 1 1 750

1328 Wiley Street Unit#111 $1,195 Year Unfurnished 1 1

2019 Jackson St Unit#204 $1,200 Year Unfurnished 1 1 1972

1711 Washington St Unit#2 $1,250 Year Unfurnished 1 1 700 1948

1735 Dewey St Unit#403 $1,000 Year Unfurnished 1 1 800 1973

520 N 20th ave Unit#N $1,000 $1,000 10/12/2017 Year Unfurnished 1 1 822 1964

500 NE 2nd St Unit#325 $1,095 $1,095 7/12/2017 Year Unfurnished 1 1 768 1975

1718 Plunkett St $1,100 $1,100 10/1/2017 Year Unfurnished 1 1 1956

30 SW 4th St Unit#2 $1,200 $1,200 11/1/2017 Year Unfurnished 1 1 1950

1620 Lee St Unit#0 $1,235 $1,235 9/20/2017 Year Unfurnished 1 1 950 1956

1711 Washington St Unit#2 $1,250 $1,250 10/10/2017 Year Unfurnished 1 1 700 1948

1328 Wiley St Unit#215 $1,250 $1,250 7/9/2017 Year Unfurnished 1 1 750 1964

1641 Tyler St Unit#7 $1,375 $1,375 6/1/2017 Year Unfurnished 1 1 800

180 E Dania Beach Blvd $1,450 $1,450 7/11/2017 Year Unfurnished 1 1 653 2017

$1,178 $1,217




RENT SURVEY (0/1) APTS

24

AddressCurrent

Price

Sale

PriceClosing Date

Rent

Period

Furnishe

d Info

(List)

Bed BathApt

SqFt

Year

Built

1707 Taft St Unit#4 $850 Year Unfurnished0 1 650 1954

927 N 18th Ct Unit#5 $850 Year Unfurnished0 1

756 N 17TH AVE Unit#12 $775 Year Unfurnished0 1 480

31 SE 13th St Unit#1-2 $975 Year Furnished 0 1 500 2005

1023 S 16th Ave $875 $875 8/1/2017 Year Unfurnished0 1 400 1940

927 18 CT Unit#16 $875 $875 10/13/2017 Year Unfurnished0 1 1965

1656 Polk St Unit#7 $900 $900 10/15/2017 Year Unfurnished0 1 1938

215 S 12th Ave Unit#0 $900 $900 10/15/2017 Year Part Furn 0 1 600 1952

22 SE 3rd Ter Unit#30 $950 $950 5/31/2017 Year Unfurnished0 1 425 1981

1514 Lee St Unit#3 $950 $950 7/19/2017 Year Unfurnished0 1 500 1956

1633 Dewey St Unit#2 $950 $950 9/29/2017 Year Unfurnished0 1 325 1958

1656 Polk St Unit#7 $1,000 $1,000 7/1/2017 Year Furnished 0 1 1938

206 S 15th Ave Unit#1-6$1,000 $1,000 9/1/2017 Year Unfurnished0 1 1929

250 SE Park St Unit#2 $1,100 $1,100 8/1/2017 Year Furnished 0 1 450 1967

$925 $950




COMPARABLE SALES Section 3

COMMENTS DIRECT SALES COMPARISON

26

A comparable sale is property that is similar to the subject property in most

respects. It is located in a nearby location. It has recently sold for a fair

market value. The selection of comparable sales is in most appraisals is the

single most determining factor in establishing the value. The responsibility is to

fully research the local real estate market and determine which comparable

sales represent the best value characteristics of the subject property.

The market or direct sales comparison approach to an estimate of value is a

process of comparing market data, that is, prices paid for similar properties,

prices asked by owners, and offers made by prospective buyers or the tenants

willing to buy or lease. Typically a comparison grid is used and adjustments

are made to each comparable sales used for major differences between the

comparable and the subject property for such items as location, construction

quality and significant amentias, etc. In the market approach, the attempts

are made to both gauge and reflect the anticipated reaction by a typical

purchaser to the subject property.

This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with

the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe

the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property.

Owners must verify the information when determining their best choice of action.

SALES GRID SUBJECT NEIGHBORHOOD 2+4 UNITS PRIMARY EMPHASIS

Address CITY List Price Sale Price CDDays on

Market# Units

SqFt

Living

Area

$/SqFt Price/Unit GRM Cap Year

BuiltPool?

1820 Roosevelt St HOLLYWD $299,000 188 3 (2/1) $1230 2 (0/1) $750 1401 $213.42 $99,667 9.3 6.95% 1941 N

1544 ARTHUR ST HOLLYWD $625,000 125 4 2(1/1)$900; (2/1)$1100;(3/2)$1500 3473 $179.96 $156,250 12.1 5.33% 1968 N

1013 N 16th Ct HOLLYWD $290,000 51 2 (1/1); (0/1) 969 $299.28 $145,000 13.6 4.74% 1950 N

1832 N 16th Ct HOLLYWD $290,000 13 2 (2/1)$1000 (1/1)$700 1658 $174.91 $145,000 14.2 4.54% 1958 N

1214 N 15th Ct HOLLYWD $389,500 1 2 2(2/2)$1350,$1300 2220 $175.45 $194,750 12.2 5.27% 1955 Y

1628 WILSON ST # 1-2 HOLLYWD $225,000 $196,000 2/5/2016 15 2 2 (1/1) $1000, $900 1187 $165.12 $98,000 8.7 7.44% 1959 N

50 SE 10 TE OTHER $183,300 $208,254 3/17/2016 46 3 (2/2) (2/1) (1/1) 2442 $85.28 $69,418 1958 N

1822 Lee St HOLLYWD $249,900 $220,000 1/17/2017 67 2 (1/1) $900; (2/1) $1000 1777 $123.80 $110,000 9.9 6.55% 1957 N

334 SW 16 ST DANIABCH $229,000 $225,000 12/19/2016 21 2 2 (2/1) $1000,$1025 1926 $116.82 $112,500 9.1 7.06% 1973 N

103 NE 3rd St DANIABCH $275,000 $235,000 4/15/2016 43 2 2 (2/2) $880, $950 1898 $123.81 $117,500 11.0 5.87% 1953 N

1719 Lincoln HOLLYWD $269,900 $268,900 11/23/2016 6 2 (2/2) $1000; (3/2) $1325 2028 $132.59 $134,450 9.6 6.71% 1958 N

1725 Hayes St HOLLYWD $279,000 $269,000 10/26/2016 9 3 2(1/1) $900 (0/1)$825 1291 $208.37 $89,667 8.5 7.64% 1936 N

35 NE 3rd St DANIABCH $295,000 $279,000 4/22/2016 94 2 (2/2)$1200; (2/1) $1200 2393 $116.59 $139,500 9.7 6.67% 1977 N

42 NE 1 CT DANIABCH $325,000 $305,000 4/15/2016 218 2 (3/2)$1600; (2/1)$1000 2064 $147.77 $152,500 9.8 6.61% 1978 N

103 SE 5th St DANIABCH $349,000 $310,000 8/5/2016 44 2 (4/4); (2/2) 2582 $120.06 $155,000 10.1 6.38% 1977 N

108 SE 4 te DANIABCH $335,000 $318,000 2/22/2016 53 2 (3/2)$1650; (2/1)$950 2611 $121.79 $159,000 10.2 6.34% 1978 N

1515 Garfield St HOLLYWD $339,500 $320,000 9/12/2016 122 2 (2/1) (1/1) 1696 $188.68 $160,000 11.1 5.81% 1953 N

2124 N 14th Ave HOLLYWD $339,000 $320,000 9/22/2016 17 2 (2/1)$1300; (2/2)$1200 1898 $168.60 $160,000 10.7 6.06% 1973 N

1625 Wilson St HOLLYWD $345,000 $320,000 1/5/2017 32 2 (2/1) (1/1) 1679 $190.59 $160,000 11.6 5.57% 1959 N

29 NE 3rd St DANIABCH $399,000 $340,000 4/15/2016 43 2 (2/2) $1600 (2/1) $ 1200 1890 $179.89 $170,000 10.1 6.38% 1969 Y

26 NE 3rd St DANIABCH $379,900 $360,000 7/22/2016 125 3 1325 $271.70 $120,000 1953 Y

1637 Johnson St HOLLYWD $399,999 $380,000 4/1/2016 100 3 2 (2/2) $1200 (1/1) $1000 2372 $160.20 $126,667 9.3 6.94% 1988 N

$208.60 $148,133 12.3 5.37%

$154.22 $131,424 10.0 6.53%

Act

ive

Clo

sed

Sal

e




INCOME & EXPENSES Section 4

INCOME AND EXPENSE50 SE 3 AVE

29

Price:

25.00% $200,000 Terms:

7

$114,286

10.0

4.67%

8.5

6.31%

$18.14

1974

6,709.0

4,431

$180.55

$80,400

4,020

76,380$

38,987

37,393$

36,835

558$ *

11,573

12,131$ *

Market Rent Taxes: 15,265$

UNIT BDRMS/ Unit Monthly Monthly Monthly Monthly 7,500

NUM BATHS Size Rent/Unit Income Rent/Unit Income 3,500

6 1/1 $875-$1050 $5,825 $6,900 6,698

1 0/1 $750 $750 $950 Landscaping 800

200

3,224

1,800

$6,575 $7,850

Laundry 125 125 38,987$

$6,700 $8.80

Annual Scheduled Gross Income: $80,400 $94,200 Per Unit: $5,569.60

Water & Trash

Total Expenses:

Per Net Sq.Ft.:

Trash

Maintenance:

Monthly Scheduled Gross Income:

Current Rents

Total Scheduled Rent:

$7,850

Electric

$1,150

Insurance:

$950

89,490$

38,987

5.00%

6.07%

6.83%

43.57%

50,503$ Net Operating Income:

*As Percent of Down Payment

0.28%

25,241$

Licenses

12.62%

11,573

Annualized ExpensesScheduled Income

Less Loan Payments:

Pre Tax Cash Flow:

Total Return Before Taxes:

Plus Principal Reduction:

13,668$

36,835

5.00%

Market Rent

4,710

$94,200

Summary Proposed Financing

interest

yr. amortization

4.50%Down Payment:

Price per Unit

Current GRM:

$600,000

30

$800,000

$3,069.58

Number of Units:

Monthly Payment:

Purchase Money Mortgage

Current CAP:

Approximate Net RSF:

Cost per Net RSF:

Gross Operating Income:

Less Expenses:

Current Rents

Scheduled Gross Income:

Market GRM:

Market CAP:

SQ FTApproximate Lot Size:

Less Vacancy Rate Reserve:

Annual Rent per Square Foot:

Approximate Age:

Annualized Operating Data

48.49%




INCOME AND EXPENSE254 E DANIA BEACH BLVD

30

Price:

25.00% $198,750 Terms:

8

$99,375

10.2

5.36%

9.0

6.62%

$25.19

1952

5,986.0

3,108

$255.79

$78,300

3,915

74,385$

31,770

42,615$

36,605

6,010$ *

11,573

17,583$ *

Market Rent Taxes: 9,000$

UNIT BDRMS/ Monthly Monthly Monthly Monthly 7,000

NUM BATHS Rent/Unit Income Rent/Unit Income 2,250

5 Studio $775-$900 $4,250 $5,000 1,800

3 Efficency $750-$775 $2,275 $2,400 Landscaping 720

200

6,600

2,520

Trash 1,680

$6,525 $7,400

31,770$

$6,525 $10.22

Annual Scheduled Gross Income: $78,300 $88,800 Per Unit: $3,971.25

Water Sewer

Total Expenses:

Per Net Sq.Ft.:

Cable

Maintenance:

Rate:

Monthly Scheduled Gross Income:

Current Rents

Total Scheduled Rent:

$7,400

Electric

$1,000

Insurance:

$800

84,360$

31,770

5.00%

8.85%

8.04%

37.66%

52,590$ Net Operating Income:

*As Percent of Down Payment

3.02%

27,558$

Licenses

13.87%

11,573

Annualized ExpensesScheduled Income

Less Loan Payments:

Pre Tax Cash Flow:

Total Return Before Taxes:

Plus Principal Reduction:

15,985$

36,605

5.00%

Market Rent

4,440

$88,800

Summary Proposed Financing

interest

yr. amortization

4.50%Down Payment:

Cost per Unit:

Current GRM:

$596,250Obtain 1st Mortgage

30

$795,000

$3,050.39

Number of Units:

Monthly Payment:

Current CAP:

Approximate Net RSF:

Cost per Net RSF:

Gross Operating Income:

Less Expenses:

Current Rents

Scheduled Gross Income:

Market GRM:

Market CAP:

SQ FTApproximate Lot Size:

Less Vacancy Rate Reserve:

Annual Rent per Square Foot:

Approximate Age:

Annualized Operating Data

40.57%




DANIA BEACH PIPELINE

PENDING MAJOR PROJECTS LIST




Click Here to view City’s Pending Projects and

Development Pipeline

http://www.daniabeachfl.gov/DocumentCenter/Home/View/4798

PENDING MAJOR PROJECTS LIST

ZONING

AERIAL VIEW

35

This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with

the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe

the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property.

Owners must verify the information when determining their best choice of action.

Subject

Casino @ Dania Beach

Click Here to view

development regulations for

EDBB-MU

https://library.municode.com/fl/dania_beach/codes/code_of_ordinances?nodeId=PTIICOOR_CH28LADECO_SP1COREARCRFOSEZODI_ART303DIDEST_S303-60EDEADABEBOMIEDI

DEVELOPMENT REGULATIONS AS PER CITY WEBSITE

EDBB-MU East Dania Beach Boulevard-Mixed Use

http://fl-daniabeach.civicplus.com/DocumentCenter/Home/View/2142Density: 35 du/ac by right; up to 75 du/ac withdensity bonus.F.A.R.: max. 8.0

Click Here to View development regulations for EDBB-MU

http://fl-daniabeach.civicplus.com/DocumentCenter/Home/View/2142

https://library.municode.com/fl/dania_beach/codes/code_of_ordinances?nodeId=PTIICOOR_CH28LADECO_SP1COREARCRFOSEZODI_ART303DIDEST_S303-60EDEADABEBOMIEDI

PLAT MAP

BUILDING HEIGHT MAP DANIA BEACH

The subject

property is

located in

District E – 7

Stories 80 Ft

by right and

an additional

7 stories 70

Ft with

incentives

EDBB-MULAND DEVELOPMENT CODE DANIA BEACH

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