127 Downtownof the Center Location in Prime Retail N MIAMIAVENUE

offering memorandum CONTENTS Welcome to Downtown MIAMI 127N MIAMI AVENUE INVESTMENT CONTACTS

MIKA MATTINGLY Executive Vice President +1 786 517 4996 [email protected]

SOLEIL MERSHON Associate +1 305 815 3840 [email protected]

CECILIA ESTEVEZ Associate +1 786 942 4503 [email protected]

COLLIERS INTERNATIONAL SOUTH , LLC 801 Avenue, Suite 850 Miami, FL 33131

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2018. All rights reserved. PAGE 3 PAGE 01 05 03 02 04 THE OFFERING MARKET COMPS MARKET DRIVERS PROPERTY AERIALS PROPERTY WALKABILITY & CONNECTIVITY & CONNECTIVITY WALKABILITY N MIAMI AVENUE CONTENTS 127 127N MIAMI AVENUE

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FLAGLER STREET THE OFFERING

Colliers International Urban Core Division is pleased to present the opportunity to acquire a 2,464 square foot retail site nestled in the core of Downtown Miami.

This site is situated directly next to the metro mall which was recently purchased and will be undergoing a 20 million dollar renovation into a luxurious Jewelry Building. The building borders the Jewelry District and can expect to capture a jewelry client looking to expand.

In the last three years 2.9 Billion dollars has transacted just in the central business district of downtown. Institutional and international buyers have become part of the mix. Downtown is poised to become a thriving international neighborhood.

This prime property represents the best of Downtown’s district, and is uniquely positioned to take advantage as the area transforms into a thriving neighborhood where residents live and work, in addition to play.

Investment Summary

FLAGLER STREET

127 N Miami Avenue 01-0112-030-1060 2,464 Square $1,000,000 Miami, Florida Feet Retail Site Asking Price

N MIAMI AVENUE 127 PAGE 5 METRO MOVER

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OFFERING MEMORANDUM I-95

BRICKELL CITY CENTER

FLAGLER STREET

SOUTH AAA ARENA

MUSEUM PARK

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OFFERING MEMORANDUM

PORT MIAMI

EAST MIAMI CENTRAL STATION

Located at NW 1st Avenue, MiamiCentral is a mixed-use railroad station development that provides maximum connectivity with public transit options, including the ®, Metrorail®, Metrobus®, City of Miami Trolley Systems, future Tri- Rail Downtown Miami Link, and the new inter-city express train.

MIAMI DADE COLLEGE

The Wolfson Campus of , in the center of Downtown Miami’s financial, government, and cultural hubs, provides a fully accredited education to over 27,00 students each year. The college offers programs in banking, business, microcomputers, paralegal studies, architecture, economics, hospitality management, engineering, the arts, and more. The campus catalyzed Downtown Miami’s renaissance by hosting all manner of civic and cultural discourse.

OFFERING MEMORANDUM MIAMI METRO MOVER

The property is located near two stations on Metromover, a free automated train system operated by Miami-Dade Transit. Stations, located approximately two blocks away from each other, connect near all major buildings and places in the Downtown area.

FLAGLER STREET

Flagler Street is currently undergoing a $13 million dollar ‘Beautification Project’ to regain its status as a major signature street that will rival the likes of New York’s Fifth Avenue. A pedestrian- friendly, landscaped streetscape will reclaim the street’s legacy as the vibrant retail and business core of Miami. In revitalizing and improving Flagler Street, the project will fulfill the expectations of over 80,750 downtown residents, 220,000 workers, and visitors who desire the advantages of a dynamic urban center.

N MIAMI AVENUE 127 PAGE 11 BRICKELL CITY CENTER

A $1.05-billion mixed-use development, Brickell City Center is strategically located in the center of the Brickell financial district. It includes 500,000 square feet of retail, 260,000 square feet of office space, 780 condos, 352 hotel rooms, and a two-level underground parking garage with 2,600 parking spaces that span seven acres below the property.

OFFERING MEMORANDUM MIAMI WORLD CENTER

At nearly 30 acres, Miami Worldcenter is a dynamic urban core of diversity with a blend of retail, hospitality, residential, and commercial offerings in one location. Upon completion in late 2018, the first phase will offer 512 condos and 400,000 square feet of open-air “high street” retail. The second phase of the development consists of 429 apartments, a tower with 897 apartments, 344 hotel rooms, 38,850 square feet of retail and restaurant space, and 1,100 parking spaces.

N MIAMI AVENUE 127 PAGE 13 OFFERING MEMORANDUM WALKABILITY & CONNECTIVITY

In the late 1800s, industrialist Henry Flagler Street is currently undergoing a Flagler opened Miami’s first hotel, $13 million dollar ‘Beautification Project’ catering to the wealthiest families in to regain its status as a major signature America. It grew into the city’s first street that will rival the likes of New York’s main street and thrived until the late Fifth Avenue. A pedestrian-friendly, 1920’s’s, when war, depression, massive landscaped streetscape will reclaim the hurricane and suburban malls left Flagler street’s legacy as the vibrant retail and Street like a Rip Van Winkle sleeping. business core of Miami. In revitalizing and improving Flagler Street, the project A hundred years later a new breed of will fulfill the expectations of over 80,750 millennials flocking to the city center downtown residents, 220,000 workers, seeking a pedestrian lifestyle woke the and visitors who desire the advantages sleeping urban core, poising Downtown of a dynamic urban center. for a drastic rebirth. There are only a few neighborhoods in Miami that allow for a true live work play environment and downtown meets all the criteria.

N MIAMI AVENUE 127 PAGE 15 MIAMI’S JEWELRY DISTRICT

Miami is competing with Los Angeles and New York to become the city with the highest number of jewelry sales, and to offer the most attractive environment for shoppers as well as retailers.

Downtown Miami did close to $1 Billion in jewelry wholesales in 2012. The second largest jewelry center in the Nation, the Seybold building facilitates 280 jewelers and is located around the corner from the subject site. Tenants in the building have confirmed that there is a waiting list to get a space, and rent is being collected for the full year in advance.

Miami is competing with Los Angeles and New York to become the city with the highest number of jewelry sales, and strives to offer the most attractive environment for shoppers as well as retailers.

There is a tremendous potential in catering to Miami’s jewelry market, because buildings with Downtown Miami’s amenities do not exist anywhere else.

OFFERING MEMORANDUM N MIAMI AVENUE 127 PAGE 17 OFFERING MEMORANDUM THE REBIRTH OF AN URBAN CORE

Downtown Miami is in the midst of a Downtown Miami has almost as many historic rebirth. The billions of dollars historic buildings as Miami Beach, invested in major infrastructure projects which adds an authentic appeal, will continue to catapult Miami into defining its sense of place. Population global relevance. These projects are in the area has also exploded growing transforming the urban fabric of this from 30,296 people in 2000 to 65.307 international destination, providing people today. This will serve as a solid developers with a once-in-a-lifetime foundation when developers begin to opportunity to capitalize on these new capitalize on the urban core’s generous well-heeled customers or residents zoning and launch vertical development. seeking an upscale urban lifestyle;e.

N MIAMI AVENUE 127 PAGE 19 7-ELEVEN

110 W FLAGLER STREET

$4,500,000 / $727 PSF

METRO BEAUTY

4 SE 1ST STREET

$3,805,000 / $476 PSF

CORNER PUTINIA

100 S MIAMI AVENUE

$3,500,000 / $320 PSF

SHOE REPAIR

113 S MIAMIA AVENUE

$3,020,000 / $476 PSF

OFFERING MEMORANDUM KFC

129 E FLAGLER STREET

$3,500,000 / $438 PSF

JUAN VALDEZ

101 NE 2 AVENUE

$3,600,000 / $377 PSF

THE WHITE BUILDING

201 E FLAGLER STREET

$12,900,000 / $444 PSF

LA EPOCA RICKS

200 E FLAGLER STREET 226 E FLAGLER STREET

$19,500,000 / $398 PSF $4,500,000 / $552 PSF

RETAIL SALESPAGE 21 127N MIAMI AVENUE

CONTACT DETAILS

MIKA MATTINGLY Executive Vice President +1 786 486 4391 [email protected]

SOLEIL MERSHON Associate +1 305 815 3840 [email protected]

CECILIA ESTEVEZ Associate +1 786 942 4503 [email protected]

Colliers International , LLC 801 , Suite 850 Miami, FL 33131 +1 305 359 3690

Commercial Real Estate Services

THIS IS A CONFIDENTIAL MEMORANDUM intended solely for your own limited use to determine whether you wish to express any further interest in the Property. This confidential memorandum contains brief, selected information pertaining to the business and affairs of the Property and has been prepared by Colliers International South Florida, LLC, primarily from information supplied by the Owner. Although this confidential memorandum has been reviewed by representatives of the Owner, it does not propose to be all-inclusive, nor does it contain all the information which a prospective purchaser may require or desire. Neither the Owner, nor any of its officers, directors, employees or agents, nor Colliers International South Florida, LLC, makes any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential memorandum or any of its contents, and no legal liability is assumed or is to be implied by any of the aforementioned with respect thereto. Prospective offers are advised to verify the information independently. The Owner reserves the right to change the price or any information in this Memorandum, or to withdraw the Property from the market at any time, without notice. This confidential memorandum shall not be deemed an indication of the state of affairs of the Property or the Owner, nor shall it constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this memorandum. By your receipt of this confidential memorandum, you agree that the information contained herein is of a confidential nature and you will not disclose this memorandum or any part of the contents to any other person, firm or entity without prior authorization from Colliers International South Florida, LLC.

OFFERING PROCEDURE Offers should be submitted in the form of a non-binding Letter of Intent and must specify the following: Price Length of Inspection Period Length of Closing Period Amount of earnest money deposit at execution of a Purchase and Sale Contract, and Amount of additional deposit upon expiration of Inspection Period