Land Investment - Doral Area – 2 Acres Corner Location: Nw 58 Street and 119Th Avenue • Miami, Fl 33178 Non- Endorsement and Disclaimer Notice

Offering Memorandum

NEWLY CONSTRUCTED (2019) NW 122 AVE

117 ACRES (UNDER FIU CONTRACT) PROPERTY 119 AVE

LAND INVESTMENT - DORAL AREA – 2 ACRES CORNER LOCATION: NW 58 STREET AND 119TH AVENUE • MIAMI, FL 33178 NON- ENDORSEMENT AND DISCLAIMER NOTICE

Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap Real Estate Investment Services of Florida, Inc. ("Marcus & Millichap") and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

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LAND INVESTMENT - DORAL AREA - 2 ACRES Doral, FL ACT ID ZAA0390632

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INVESTMENT OVERVIEW

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OFFERING SUMMARY INVESTMENT OVERVIEW Marcus & Millichap is proud to present scarce VACANT LAND WITH FRONTAGE ON NW 58 STREET a main road artery through the prime City of DORAL in Miami-Dade County, Florida.

The Property, 2.0 Acres (Gross), is a Vacant Land Investment to be Land Banked at a low price of $5.74 sq. ft., for future re-sale or development.

Currently Zoned General Use (GU Interim). Located slightly outside the Miami-Dade County Urban Development Boundary line (UDB).

Periodically, the UDB is moved to include additional property as remaining land inventory for development declines. Accordingly, the potential is for zoning transformation and significant price appreciation.

Property is near significant Commercial & Industrial development (Beacon Lakes Office Park) and development both North and South along the Turnpike, companies such as: Telemundo, Ryder Trucks, Home Depot, Top Golf and IKEA.

American Dream Miami, the largest mall in USA , will soon be constructed by 2023-24 at an estimated cost of $4 Billion, within 8.5 miles (13.7 km) of the Property.

INVESTMENT HIGHLIGHTS

. Frontage on NW 58 Street & 119 Avenue

. Corner Location

. Doral and MIA Minutes Away

. Transitional Area - Vacant Land

. Close to Dolphin Mall

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AERIAL PHOTO

2.0 ACRES

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AERIAL PHOTO NW 25 NW 25 STREET NW 58 NWSTREET 58

119 AVE 117 ACRES (UNDER FIU CONTRACT) PROPERTY 2 Miles NW 41 STREET NW 50 STREET NW 25 NW 25 STREET NW 56 NW ST NW 58 NWSTREET 58 NEWLY CONSTRUCTED (2019) NW 122 AVE

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FL TURNPIKE (1,000’) AERIAL PHOTO

NW 58 STREET

N 300’ (91.44 m) 87,076 SQ. FT. (8,089 m^2) 2 ACRES (.8089 HA) 119 AVENUE (GROSS) 122 41 AVENUE STREET 68,496 SQ. FT. (6,364 m^2) 228.81’ 228.81’ (69.74 m) (69.74 m) 1.6 ACRES (.6364 HA) (NET)

300’ (91.44 m)

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SURVEY

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SURVEY

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LOCATION OVERVIEW

Turnpike Frontage, Miami, FL33178

CLOSE PROXIMITY TO: AMERICAN DREAM MIAMI MALL (2023)

FLAGLER STATION OFFICE / INDUSTRIAL PARK

SUBJECT PROPERTY TELEMUNDO DORAL AREA - LAND INVESTMENT – 2.0 ACRES (Gross) TOP GOLF MIA BEACON LAKES DOLPHIN MALL OFFICE / INDUSTRIAL PARK

# 10 LAND6.85 INVESTMENTACRES - TURNPIKE - DORAL AREAFRONTAGE - 2 ACRES

OFFERING SUMMARY THE OFFERING Land Price $500,000 Gross Land Price / SF $5.74 Net Land Price / SF $7.30 Development Type Recorded Plat Land Gross Land Size / SF 2.0 Acres 87,076 Sq. Ft. (8,089 m^2) Net Land Size / SF 1.6 Acres 68,496 Sq. Ft. (6,364 m^2) Zoning / Folio No. 30-3924-002-0090 General Use (GU Interim) 30-3924-002-0100 Property Tax (2018) $2,145

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ECONOMIC DRIVERS

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AMERICAN DREAM MIAMI MALL (2023)

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DOLPHIN MALL

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TOP GOLF

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TELEMUNDO

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FIU

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MIAMI DADE COLLEGE

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IKEA

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KEISER UNIVERSITY

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TELEMUNDO SUBJECT PROPERTY: 2.0 ACRES NW 58 ST FRONTAGE (GROSS)

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MARKET PRICE INCREASES

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VACANT LAND - ORIGINAL ACQUISITION AND RESALE PRICE PER SQUARE FOOT $30.00 $26.66

$25.00 $23.81

$20.00

$15.00 $13.86 Sum of Acquisition Price per Sq Ft

$10.00 Sum of Resale Price per Sq Ft $7.70

$5.00 $2.30 $2.81

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MARKET OVERVIEW

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MARKET OVERVIEW MIAMI-DADE OVERVIEW

Miami-Dade County is a gateway to South American and Caribbean markets and a tourist destination. The 2,400-square-mile county extends from the Florida Everglades east to the Atlantic Ocean. It is bordered to the north by Broward County and to the south by the Florida Keys. The main portion of the city of Miami lies on the shores of Biscayne Bay and is separated from the Atlantic Ocean by barrier islands, the largest of which holds the city of Miami Beach. The metro, with a population of roughly 2.7 million, is located entirely within Miami- Dade County. Miami is the most populous city, with slightly more than 443,000 residents, followed by Hialeah with roughly 237,000 people.

METRO HIGHLIGHTS

BUSINESS-FRIENDLY ENVIRONMENT The metro has no local business or personal income taxes, which attracts businesses and residents to the area.

INTERNATIONAL GATEWAY Miami is a gateway for international trading activities, tourism and immigration, connecting to airports and ports around the world.

MEDICAL COMMUNITY The county contains the largest concentration of medical facilities in Florida, drawing residents needing services throughout the state.

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MARKET OVERVIEW

ECONOMY . Various industries provide a diverse economy. Trade, international finance, healthcare and entertainment have become major segments in the local business community. . A strong tourism industry has developed with ties to Latin America and the Caribbean. . Tourism and trade depend on a large transportation sector. PortMiami and Miami International Airport are both major contributors to employment and the economy. . The Miami metro gross metropolitan product (GMP) expansion is expected to be on par with the U.S. GDP in 2019 and retail sales for the county are also rising.

MAJOR AREA EMPLOYERS

Baptist Health South Florida University of Miami American Airlines Miami Children’s Hospital Publix Supermarkets Winn-Dixie Stores Florida Power & Light Co. Carnival Cruise Lines AT&T * Forecast Mount Sinai Medical Center

SHARE OF 2018 TOTAL EMPLOYMENT

4% 14% 12% 12% 7% MANUFACTURING PROFESSIONAL AND GOVERNMENT LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES BUSINESS SERVICES

25% 5% + 16% 2% 4% TRADE, TRANSPORTATION CONSTRUCTION EDUCATION AND INFORMATION OTHER SERVICES AND UTILITIES HEALTH SERVICES

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MARKET OVERVIEW

DEMOGRAPHICS

. The metro is expected to add nearly 127,000 people over the next five years. During the same period, approximately 62,000 households will be formed, generating SPORTS demand for housing. . The homeownership rate of 53 percent is below the national rate of 64 percent, maintaining a strong rental market. . The cohort of 20- to 34-year-olds composes 21 percent of the population.

2018 Population by Age

6% 17% 6% 28% 27% 16% 0-4 YEARS 5-19 YEARS 20-24 YEARS 25-44 YEARS 45-64 YEARS 65+ YEARS EDUCATION

2018 2018 2018 2018 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: 2.7M 954K 39.9 $45,300 Growth Growth U.S. Median: U.S. Median: 2018-2023*: 2018-2023*: 4.6% 6.5% 38.0 $58,800

QUALITY OF LIFE Miami-Dade County has developed into a cosmopolitan urban area offering a vibrant business and cultural community. The metro has an abundance of popular attractions. Miami hosts the Capital One Orange Bowl and is home to several professional sports teams, ARTS & ENTERTAINMENT including the Miami Dolphins, the Miami Marlins and the Miami Heat. The county has a broad array of cultural attractions, historic sites and parks. These include the Adrienne Arsht Center for the Performing Arts, Zoo Miami and Everglades National Park. The region is home to a vibrant and diverse culture, family-friendly neighborhoods, a plethora of shops and restaurants, and beautiful weather and beaches. It also offers easy access to Latin America and the Caribbean.

* Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

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MARKETINGDEMOGRAPHICS TEAM

Population Race and Ethnicity In 2018, the population in your selected geography is 9,767. The The current year racial makeup of your selected area is as follows: population has changed by 538.37% since 2000. It is estimated that 87.13% White, 2.62% Black, 0.00% Native American and 3.80% the population in your area will be 13,099.00 five years from now, Asian/Pacific Islander. Compare these to US averages which are: which represents a change of 34.11% from the current year. The 70.20% White, 12.89% Black, 0.19% Native American and 5.59% current population is 48.42% male and 51.57% female. The median Asian/Pacific Islander. People of Hispanic origin are counted age of the population in your area is 34.63, compare this to the US independently of race. average which is 37.95. The population density in your area is 3,113.64 people per square mile. People of Hispanic origin make up 82.68% of the current year population in your selected area. Compare this to the US average of 18.01%.

Households Housing There are currently 3,052 households in your selected geography. The The median housing value in your area was $348,730 in 2018, number of households has changed by 501.97% since 2000. It is compare this to the US average of $201,842. In 2000, there were 395 estimated that the number of households in your area will be 4,114 owner occupied housing units in your area and there were 112 renter five years from now, which represents a change of 34.80% from the occupied housing units in your area. The median rent at the time was current year. The average household size in your area is 3.00 $1,455. persons.

Income Employment In 2018, the median household income for your selected geography is In 2018, there are 3,801 employees in your selected area, this is also $74,784, compare this to the US average which is currently $58,754. known as the daytime population. The 2000 Census revealed that The median household income for your area has changed by 23.93% 85.74% of employees are employed in white-collar occupations in this since 2000. It is estimated that the median household income in your geography, and 10.46% are employed in blue-collar occupations. In area will be $83,467 five years from now, which represents a change 2018, unemployment in this area is 1.01%. In 2000, the average time of 11.61% from the current year. traveled to work was 31.00 minutes.

The current year per capita income in your area is $31,349, compare this to the US average, which is $32,356. The current year average household income in your area is $100,312, compare this to the US average which is $84,609.