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Yamato Villas Townhome Site Yamato Road East of I-95 Boca Raton, Florida 33431

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Yamato Villas Townhome Site Yamato Road East of I-95 Boca Raton, Florida 33431 OFFERING MEMORANDUM • Townhome Development Site • Site Plan Approved • Great East Boca Raton Location • 16 Townhomes • Three Single Family Lots • Excellent Access to I-95 • List Price: $2,275,000 Yamato Villas Townhome Site Yamato Road East of I-95 Boca Raton, Florida 33431 PRESENTED BY: ALAN KAYE OFFERING 954-558-8058 MEMORANDUM [email protected] OFFERING MEMORANDUM YAMATO LAKES TOWNHOME DEVELOPMENT SITE EXECUTIVE PRESENTED BY: ALAN KAYE 954-558-8058 PHOTOS [email protected] OFFERING MEMORANDUM CONFIDENTIALITY AND DISCLAIMER This is a confidential Offering Memorandum, which is intended solely for your limited use and benefit in determining whether you desire to express any further interest in acquiring Yamato Villas Development Site, Yamato Road, Boca Raton, Florida 33431, (the “Property”). You are bound by the Confidentiality Agreement executed in connection with your receipt of this Offering Memorandum. This Offering Memorandum was prepared by Douglas Elliman Commercial Florida, a Florida limited liability Company broker. It contains selected information pertaining to the Property and does not purport to be all- inclusive or to contain all of the information, which prospective investors may desire. It should be noted that all or any of the market analysis projections are provided for general reference purposes and are based on assumptions relating to the general economy, competition and other factors beyond our control and, therefore, are subject to material variation. Additional information and an opportunity to inspect material related to the Property will be made available to interested and qualified prospective capital sources. Neither the Owner, Broker, nor any of their respective officers have made any representation or warranty, expressed or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents, and no legal commitments or obligations shall arise by reason of this Offering Memorandum or its contents. It is essential that all parties to real estate transactions be aware of the health, liability and economic impact of environmental factors on real estate. Broker does not conduct investigations or analyses of environmental matters and, accordingly, urges interested parties to retain qualified environmental professionals to determine whether hazardous or toxic wastes or substances (such as asbestos, pcbs, other contaminants or petrochemical products stored in underground tanks) or other undesirable materials or conditions are present at the Property, and if so, whether any health danger or other liability exists. Various laws and regulations have been enacted at the federal, state and local levels dealing with the use, storage, handling, removal, transport and disposal of toxic or hazardous wastes and substances. Depending on past, current and proposed uses of the Property, it may be prudent to retain an environmental expert to conduct a site investigation and/or building inspection. If such substances exist or are contemplated to be used at the Property, special governmental approvals or permits may be required. Consequently, legal counsel and technical experts should be consulted where these substances are or may be present. In this Offering Memorandum, certain documents are described in summary form. The summaries do not purport to be complete descriptions of the full agreements involved, nor do they purport to constitute any legal analysis of the provisions of the documents. This brochure shall not be deemed an indication of the state of affairs of the Owner nor constitute an indication that there has been no change in the business or affairs of the Owner since the date of preparation of this Offering Memorandum. Duplication of the Offering Memorandum in part or whole without expressed written consent of Broker is not authorized. PRESENTED BY: ALAN KAYE CONFIDENTIALITY 954-558-8058 AND DISCLAIMER [email protected] OFFERING MEMORANDUM PROPERTY OVERVIEW Location – Yamato Villas Townhome Development Site, Boca Raton, Florida 33487 PROPERTY ADDRESS Yamato Road & NW 3rd Avenue Boca Raton, Florida 33431 LOCATION A BUILDING TYPE 16 Proposed Townhomes & 3 Lots LAND SIZE 1.75 +/- Acres TOWNHOME SIZE 2,200 +/- Square Feet SITE PLAN APPROVED CONSTRUCTION To Be Built PARKING Two Parking Spots w/ Garage ELECTRICITY FPL WATER CITY OF BOCA SALE PRICE $2,275,000 LAND COST SEWER CITY OF BOCA PER UNIT $119,737 ZONING CITY ZONING TAX ID: # 06434708010030020 LOCATION A SUMMARY Yamato Villas Townhome Development Site on Yamato Road is a 1.75+/-Acre Townhome Development Site with Site Plan Approval for 16 Townhomes and Three Single Family Homes in east Boca Raton, Florida. This L-shaped parcel is located east of I-95 on the heavily trafficked Yamato Road which is a major east/ west artery with over 52,000 trips daily. The property provides excellent access to I-95 for travel north and south and is located minutes from the ocean. Location, Location, Location: This property is situated in a premier east Boca Raton location. With close proximity to I-95, it is located minutes from the Boca Raton Airport, Florida Atlantic University, Boca Raton Regional Hospital and one-half hour north of the Fort Lauderdale-Hollywood International Airport, Port Everglades and one-half hour south of Palm Beach International Airport. This property provides an excellent opportunity for a developer to acquire well located townhome development land with site plan approval in a highly desirable upscale market with strong demographics, A rated Public School system as well as several highly rated private schools and barriers to entry as there is minimal land for new development. New Townhomes at Moderne in Boca which is located approximately four miles southwest started in the mid $500,000s and have sold up to $900,000 per unit. The property is being offered at only $2,275,000. PRESENTED BY: ALAN KAYE EXECUTIVE 954-558-8058 SUMMARY [email protected] OFFERING MEMORANDUM MARKET OVERVIEW BOCA RATON Boca Raton is a City situated in Southeast Palm Beach County, Florida that was incorporated in May, 1925, and is known for its golf courses, parks and beaches. Boca Raton spans 31.34 miles with a population of 100,000 residents who are served by their own Police and Fire Departments, as well as Boca Raton Regional Hospital and West Boca Medical Center, two major hospitals. It is part of the Miami-Fort Lauderdale-Palm Beach Metropolitan Statistical Area which is home to over 5,600,000 people. Boca Raton is bounded by Deerfield Beach & Fort Lauderdale to the South, Parkland to the West, Delray Beach & West Palm Beach to the North and the Atlantic Ocean to the East. Listed on early maps as “Boca Ratones” many people assume the name is simply translated to “Rat’s Mouth”. The Spanish word boca or mouth was often used to describe an inlet, while raton which means mouse, was used by Spanish sailors to describe rocks that gnawed at a ship’s cable, or as a term for a cowardly thief. The City's early history was at the site of Addison Mizner's Boca Raton Hotel. The "pink hotel" today is visible from miles away as a towering building on the Intracoastal Waterway. Japanese farmers of the Yamato Colony converted the land west of the city into pineapple plantations beginning in 1904. During World War II much of their land was confiscated and used as the site of the Boca Raton Army Air Force Base, a major training facility for B-29 bomber crews as well as a radar school and research facility. Much of the airbase was later donated to become the grounds of Florida Atlantic University. Many of the parking lots are former runways of the airbase, while part of the airbase is now used as Boca Raton Airport. The Japanese heritage of the Yamato Colony survives in the name of Yamato Road (NW 51st Street) just north of the airport and also in the Morikami Museum and Japanese Gardens in nearby Delray Beach. In 1991, the new downtown outdoor shopping center, Mizner Park, was completed over the site of the older Boca Raton Mall. It has since become a cultural center for the City with the Boca Raton Museum of Art and an outdoor Amphitheatre. Featuring a landscaped central park between the two main roads (collectively called Plaza Real) with stores, restaurants and apartments only on the outside of the roads, Mizner Park resembles a Mediterranean suburban "town center" with a more contemporary look. Boca Raton is home to the main campus of Florida Atlantic University which now has a Medical School and a Nursing School, as well as the corporate headquarters of Office Depot, ADT, Lynn University, Cancer Treatment Centers of America, Bluegreen Corporation, and the Gift of Life Marrow Registry. It is also home to the Evert Tennis Academy, owned by former professional tennis player Chris Evert. Town Center Mall at Boca Raton, an upscale shopping center in Central Boca Raton, is the largest indoor mall in Palm Beach County. Town Center Mall became the geographic center of what is referred to as Boca Raton, though it was not annexed into the city until 2004. Boca Raton – “A City For All Seasons!” PRESENTED BY: ALAN KAYE MARKET 954-558-8058 OVERVIEW [email protected] OFFERING MEMORANDUM MARKET OVERVIEW YAMATO VILLAS TOWNHOME DEVELOPMENT SITE PRESENTED BY: ALAN KAYE EXECUTIVE 954-558-8058 SUMMARY [email protected] OFFERING MEMORANDUM MARKET OVERVIEW YAMATO VILLAS TOWNHOME DEVELOPMENT SITE PRESENTED BY: ALAN KAYE AERIAL 954-558-8058 VIEW [email protected] OFFERING MEMORANDUM AREA HIGHLIGHTS Area Amenities & Transportation CoStar’s Daytime Employment • Boca Raton Airport
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