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3.723 Acres 2 1 8 0 N W 3 5 T H S T R E E T , M I a Mi, F L 33142 Development Opportunity | 3.723 Acres 2 1 8 0 N W 3 5 t h S t r e e t , M i a mi, F L 33142 Brent L.Hensley |760-473-0520 |[email protected] 216 N. Coast Hwy 101 , Encinitas, CA 92024 Florida Broker of Record: Foundry Commercial, LLC investmentoverview PURCHASE PRICE | $14,000,000 Available for purchase are two parcels with the primary parcel being 2.765 acres and the second property comprising of approximately 0.958 acres for a total of 3.723 acres. The property is situated in the middle of the 220 acre Beacon Lake Industrial Park. Since 2015, a Miami based developer has purchased almost 24 acres adjacent to the west of the subject properties and a San Francisco REIT has recently purchased over 9 acres adjacent and east of the subject properties for future development. The area around Palmer Lake, east of Miami International Airport (MIA) and the Miami Intermodal Center (MIC), is centrally located within Miami-Dade County. While the Palmer Lake area has for many years been home to businesses related to the airport, with the development of the Miami Intermodal Center (MIC), their operating environment has greatly changed, leaving many properties now vacant and suitable for new uses. With the relocation of rental car operators into the MIC, and the connection of the MIC to the airport by an automated people mover, the relationship of airport users to the region’s transportation facilities has been transformed. Where one the most obvious means for a visitor to Miami to travel beyond the airport was only by private car, now a visitor will leave MIA, enter the MIC, and be presented with a range of transportation options. Rental cars, Metrorail, Tri-Rail, local and intercity buses, and taxis will all be available in a single, integrated facility. The Palmer Lake area is a desirable location for the future development of offices, hotels, meeting spaces, retail shops, residential development and light industrial uses serving airport and marine users. On May 1, 2012, the Dade County Board of County Commissioners adopted and approved the “Palmer Lake Area Plan”. On September 26, 2013,the Board of County Commissioners approved the rezoning of property in the Palmer Lake area to the Palmer Lake Metropolitan Urban Center (PLMUC) district. Development utilizing the PLMUC standards can now take place. More recently, The Miami Freedom Park stadium project for David Beckham's Inter Miami has entered a new phase, with the MLS side submitting a rezoning plan to the City of Miami that would allow the club to develop on the site of what is now Melreese golf course. $1 billion dollar has been budgeted to redevelop Melreese Country Club and Golf Course into the home of the team’s new 25,000 Freedom Park soccer stadium. The site would also house a shopping mall, office complex and 58-acre public park. The Miami Freedom Park is less than one mile from the subject properties. investmentoverview Overview The subject property consists of two properties of 2.765 acres and 0.958 acres across NW 22nd Street and intersecting with NW 23rd Street and NW 34th Street in the City of Miami and County of Dade. The two parcels are relatively flat with minimal building improvements. The two parcels are currently leased to Enterprise Rental Car for their surplus rental car parking. Subject Properties: 2180 NW 35th Street, Miami, FL 33142 (2.765 acres): APN 30-3128-027-0020; NW 35th Street, Miami, FL 33142 (7,063 s.f.): APN: 30-3128-009-1120; NW 35th Street, Miami, FL 33142 (5,800 s.f.): APN: 30-3128-009-1130; NW 35th Street, Miami, FL 33142 (5,780 s.f.): APN: 30-3128-009-1140; NW 35th Street, Miami, FL 33142 (23,086 s.f.): APN: 30-3128-022-0220. Income While You Process Project At close of escrow, the buyer will be assigned the existing absolute NNN lease with Enterprise as your tenant. This lease will provide the buyer with annual rent of $419,000 per year or $34,916.69 per month in hands-free income until the lease expires on April 30, 2021. There are two five year options for tenant renewal. Tenant pays property taxes directly and is responsible for insuring and maintaining the property. Note: tenant under the lease has 15 days from receipt of an accepted Third-Party Offer to exercise Tenant’s First Rightof Refusal to Purchase . Area Potential Vision Rendering LOCATION AERIAL LSG Sky Chef Greyhound owned 4 Private Maroone Manufacturing Facility Collision Center Bus Lot Business Owners Hertz Owned Rental Lot Parking Lot Developer Owned 3.734 acres 9.15 Acres Miami Intermodal Facility Subject Property 2 Different Private Developer Owned For Sale Owners 1.58 acres 24.02 acres 3.72 acres Palmer Lake Plan Vision Rendering propertylocation 3.72 Acres For Sale Miami Freedom Park ARBY'S areademographics.
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