TROPHY OFFICE BUILDING IN THE FINANCIAL DISTRICT OF ,

Holliday Fenoglio Fowler, L.P. (“HFF”) a Florida licensed real estate broker. THE OFFERING

Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to exclusively offer the opportunity to acquire 1221 (the “Property” or the “Building”), a trophy Class A, 82% leased office building located in the core of , Miami’s premier office submarket.

Prominently located at the corner of Brickell Avenue and , the Property contains 408,423 square feet of office and retail space spanning an entire city block. 1221 Brickell’s quality construction, high-profile tenancy, in-fill location, superior accessibility and visibility, upside potential, and stable cash flow combine to make it one of the most compelling offerings currently available in the Southeast.

1221 BRICKELL AVENUE, MIAMI, FLORIDA 33131

NET RENTABLE TOTAL % YEAR NO. OF TYPICAL LAND PARKING WEIGHT AVERAGE AREA (BOMA) LEASED BUILT FLOORS FLOOR PLATE AREA SPACES LEASE TERM 408,423 82% 1986 26 17,000 2.06 927 5.0 SQUARE FEET SQUARE FEET ACRES (2.3:1,000SF) YEARS

2 KEY INVESTMENT HIGHLIGHTS

TROPHY, INSTITUTIONALLY MAINTAINED ASSET WITH SIGNATURE DESIGN

LOCATED IN THE HEART OF BRICKELL WHERE MILLENNIALS LIVE-WORK-PLAY AND RESIDENCY HAS INCREASED 15% PER ANNUM SINCE 2000

IN WALKING DISTANCE TO 4 FORMS OF PUBLIC TRANSIT, 60 RESTAURANTS, 15 HOTELS, 3 PARKS AND 1 MILE FROM I-95, ’S MOST TRAFFICKED HIGHWAY

HIGH QUALITY, INTERNATIONALLY RECOGNIZED TENANCY

STABLE CASH FLOW WITH NO TENANT OCCUPYING MORE THAN 8% OF THE PROPERTY AND LIMITED ANNUAL ROLLOVER

SIGNIFICANT VALUE ENHANCEMENT POTENTIAL WITH IN-PLACE RENTS 10%–20% BELOW MARKET AND OVER 70,000 SQUARE FEET OF AVAILABLE SPACE

OFFICE SUBMARKET HAS EXPERIENCED POSITIVE ABSORPTION FOR 7 CONSECUTIVE YEARS AND 12% ANNUAL CLASS A RENTAL GROWTH SINCE 2013

EXCESS DEVELOPMENT POTENTIAL, NAMING AND SIGNAGE RIGHTS ON A “MAIN AND MAIN” CORNER WITH PROPERTY SPANNING THE ENTIRE CITY BLOCK

3 TROPHY CBD ASSET

1221 Brickell was developed and built to the highest PRESTIGIOUS BRICKELL ADDRESS standards with an eye catching design. The building has been institutionally maintained and modernized INSTITUTIONALLY through the years with a state of the art elevator developed and maintained system, renovated lobby and common areas. ACCOLADES LEED Gold Certified and Energy Star Label 1221 Brickell is able to attract leading credit tenants due to its high quality superior location and premier views of both Biscayne Bay and the city. Additionally, the Property offers on-site amenities including valet and structured parking, a variety of dining options, a conference facility, and a daycare facility. SLEEK SIGNATURE ELEVATORS with state of the art destination control system

OVER $5.3M OF CAPITAL FULL COMPLEMENT OF ON-SITE AMENITIES IMPROVEMENTS Vapiano, Giardino Gourmet Salads, Jimmy John’s, Cold Pressed Raw INVESTED SINCE 2010 “Among the top 20 Lunch Spots in Miami CBD” Renovated lobby, modernized destination Conference facility Security 24-hours, 7 days a week control elevators and common areas On-site management Car wash facility Full service bank and ATM Dry cleaning service 5,000 square foot daycare

4 QUALITY TENANCY

1221 Brickell is leased to a high quality roster of local, national, and multinational tenants that provide secure, long term cash flow. This diverse group of tenants represents many industries ranging from law firms to international banks, and no tenant occupies more than 8% of the rentable square footage. The Property also offers a well distributed rollover schedule and provides a stable cash flow as no more than 15% of the rentable square footage rolls in any given year and the weighted average remaining lease term at the Property is 5.0 years. Additionally, rents from some existing tenants are 10%-20% below those at competitive Miami CBD properties, creating an opportunity for the new owner to increase rents to significantly increase NOI over the next five to seven years.

HIGH QUALITY 5.0 YEARS IN-PLACE RENTS national recognized tenancy weighted average remaining lease term are 10%-20% below market

MAJOR TENANT SUMMARY Tenant Industry Leased SF % of Total Lydecker Diaz Law Firm 31,565 7.7% Regus Coworking Space 17,208 4.2% Banco Do Brasil Financial Services 16,529 4.0% Safra National Bank of NY Financial Services 15,547 3.8% Clyde & Co Law Firm 13,075 3.2% TOTAL MAJOR TENANTS 93,924 23.0%

LYDECKER | D IAZ

Safra National Bank of New York

5 LOCATED IN THE HEART OF BRICKELL WHERE MILLENNIALS LIVE-WORK-PLAY

MIAMI BEACH

395

BRICKELL BAY

95

METRORAIL BRICKELL AVENUE

WALKER’S TRANSPORTATION RESTAURANTS HOTELS PARKS & REC PARADISE

Brickell Trolley Capital Grille Conrad Brickell Park <0.1 miles away Cipriani Four Seasons Bayfront Park Metromover Trulucks JW Marriott <0.1 miles away Coya Mandarin Oriental Metrorail Morton’s Steakhouse W Miami <0.4 miles away Zuma Hyatt Regency I-95 DB Bistro EPIC <1.2 miles away PF Changs Intercontinental All Aboard Florida Komodo EAST (2017) 6 <1.6 miles away MIAMI BEACH

395

BRICKELL KEY BISCAYNE BAY

95

METRORAIL BRICKELL AVENUE

METROMOVER A MILLENNIAL STATE OF MIND 235,000 53% AVERAGE 60% NEARLY OF HOUSEHOLD DAYTIME OF RESIDENTS 90,000 RESIDENTS INCOME POPULATION HAVE OBTAINED RESIDENTS CALL FALL EXCEEDS AT LEAST DOWNTOWN MIAMI BETWEEN $100,000 SOME FORM THEIR FULL-TIME 88,540 THE AGES OF IN 33131 ZIP OF COLLEGE HOME, MARKING A 150% RESIDENTS 20-44 CODE EDUCATION INCREASE SINCE 2000

7 Historic / Lyric Theatre

95 Metro Rail Metro

Biscayne Blvd

Government Center Government Mover Metro Center W Flagler St SE 1st St 968 Downtown Miami

Miami 95

41

41

Mary Brickell Village 1

Brickell Brickell

Brickell Ave

95

EVOLUTION OF THE1 MIAMI CBD The Miami CBD is experiencing an ongoing evolution that has transformed it into a 24-hour city with the emergence of a vibrant live/work/play environment. The CBD offers tenants at 1221 Brickell numerous newly developed luxury condominiums, proximity to shopping and dining, exciting nightlife, and entertainment venues. Highlights include , a $1.05 billion mixed-use urban development only blocks away from 1221, , the American Airlines Arena and the Adrienne Arsht Center for Performing Arts. Additionally, the complimentary downtown MetroMover has increased accessibility in the area by offering locals a convenient way to get around. The automated elevated rail system operates seven days a week and transports over 100,000 people daily.

OVER 5,500 OVER $5 BILLION OVER $500 IN SALES RESIDENTIAL UNITS INVESTED PER SQUARE FOOT

under construction or in lease up in recent development since 2009 of retail sales

8 Historic Overtown / Lyric Theatre

95 Metro Rail Metro

Biscayne Blvd

Government Center Government Mover Metro Center Bayfront Park MIAMI CBD OFFICE MARKET W Flagler St SE 1st St 968 Downtown BRICKELL IS THE SECOND LARGEST INTERNATIONAL BANKING CENTER IN THE US, Miami SECOND ONLY TO NEW YORK

Miami HIGHEST CLASS A RATE IN THE MARKET 95 21% above the Miami-Dade Class A average

41 MIAMI CBD CLASS A RENTAL RATES HAVE GROWN 12% since 2013 and 5% since 2015 41

Mary Brickell POSITIVE ABSORPTION Village 1 every year since 2009

Brickell Brickell TOP RANKED CITY FOR JOB GROWTH IN 2015

Brickell Ave

3.8 4.0% 3.6 3.5% 3.4 3.3 3.0 3.0 2.9 3.0% 95 2.5% 1.7 2.0% 1.6 1.5 1.4 1.5% 1.3 1.0% 0.5% 1 Miami Dallas San Atlanta Phoenix Los Houston New Washington Boston Chicago Philadelphia Francisco Angeles York

SELECTED BY FORBES AS ONE OF THE FIVE CITIES POISED TO BE THE NEXT SILICON VALLEY TECH HUB

Facebook, Skyscanner, Uber, PayPal, Square, Twitter, Expedia, Sony, and Google all call Downtown Miami home

9 INVESTMENT SALES

HERMEN RODRIGUEZ JORGE PORTELA IKE OJALA HFFLP.COM Senior Managing Director Associate Director Director 305.448.5332 305.913.5552 305.774.6810 [email protected] [email protected] [email protected] MIAMI Avenue MANNY DE ZARRAGA TRACEY GOO CHRISTINA KONG Executive Managing Director Associate Director Analyst Senior Analyst Suite 2950 305.448.1333 305.421.6548 305.913.5546 Miami, FL 33131 [email protected] [email protected] [email protected] Tel 305.448.1333 FINANCING Fax 305.448.6767 PAUL STASAITIS Senior Managing Director 30.5448.4856 [email protected]

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HFF has been engaged by the owner of the properties to market them for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

©2016 Holliday Fenoglio Fowler, L.P. (HFF) and HFF Securities L.P. (HFFS) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.