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Sunset Square at Lago Mar SUNSET SQUARE AT LAGO MAR 1 5 7 8 0 S W 72nd S t r e e t Miami, Florida 33193 OFFERING MEMORANDUM With direct frontage onto the bustling Sunset Drive and SW 157th Avenue, it is hard to replicate the exposure that this +/- 3,518 SF freestanding Property possesses. Anchored by a Publix Shopping Center and several other national credit tenants, this corner out-parcel provides unparalleled visibility to the quarter of a million cars passing the property weekly. In addition, the flexible BU-1A zoning designation allows for a myriad of permitted uses making this a perfect opportunity for an end-user, investor, or developer. 15780 SW 72nd Street, Miami, FL 33193 OFFERING OVERVIEW SUNSET SQUARE AT LAGO MAR table of contents Offering Overview Table of Contents / Directions 2 Executive Summary 3 Property Overview Executive Summary 4 Property Photos 5-6 Site Aerial Map 7-8 Area Overview New Multifamily Deliveries 9 Comparable Sales 10 Income Analysis 11 Lease Comparable 12 Sub-Market Information & 13-14 Kendall Highlights Disclosure 15 directions FROM FL-836: From the Dolphin Expressway West (FL-836) take NW 137th Ave south. Turn right on SW 8th street and make a left onto SW 157th Ave. Continue on SW 157th Ave and then the property will be on the right. Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need of Page 2 individual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, and legal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Past Privileged and Confidential rental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed. www.blancacre.com 15780 SW 72nd Street, Miami, FL 33193 OFFERING OVERVIEW SUNSET SQUARE AT LAGO MAR executive summary Blanca Commercial Real Estate, Inc. has been appointed as the exclusive agent for the marketing and sale of 15780 SW 72nd Street, Miami, FL 33193 (“Property”). The Property is being offered on an “as-is, where is” basis for the fee simple interest. Located on the Southwest corner of Sunset Drive and SW 157th Avenue in the thriving Kendall commercial district, this 3,518 +/- SF Property sits on half an acre at the forefront to a Publix anchored shopping center. Previously a First Bank Florida branch, this offering presents a turn-key bank facility equipped with two drive-thru lanes and a plethora of surface parking (5.7 spaces per 1000 sf). In addition, a BU-1A zoning designation offers a myriad of permitted uses. Complemented by direct street frontage, pylon signage, and a weekly traffic count of just under a quarter of a million cars (according to the Florida Department of Transportation), the property possesses premium exposure for any potential business enterprise or retail establishment. Adding to the property’s marketability is its proximity to all major thoroughfares. Minutes away from Kendall Drive, Dolphin Expressway, Palmetto Expressway, and the Florida Turnpike, one can easily reach all areas of South Florida. In addition to the property’s accessibility, Kendall’s submarket dynamics add to the property’s appeal. This area property inquiries and tours benefits from favorable demographics and one of the highest occupancy rates in Dade County leading to strong demand for commercial space that can only continue Cary Cohen, Executive Vice President to improve in the foreseeable future. As a result, this property is not only a treasure for 305.377.6590 | [email protected] an end-user but also provides a solid opportunity for an investor or developer. Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need of Page 3 individual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, and legal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Past Privileged and Confidential rental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed. www.blancacre.com 15780 SW 72nd Street, Miami, FL 33193 PROPERTY OVERVIEW SUNSET SQUARE AT LAGO MAR executive summary ▪ LIST PRICE: $2,200,000 ($ 625.35 PSF) ▪ Folio: 30-4932-010-0020 ▪ Location: 15780 SW 72nd Street Miami, FL 33193 ▪ Property Type: Retail/Office Property ▪ Building Size: +/- 3,518 SF ▪ Parcel Size: +/- 22,002 SF ▪ Property Tax 2016: $ 18,499.52 ▪ Zoning: BU-1A Limited Business ▪ Features : Turn-Key Bank Branch Two Drive Thru Lanes 5.7 Per 1000 SF Parking Ratio (20 spots) Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need of Page 4 individual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, and legal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Past Privileged and Confidential rental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed. www.blancacre.com 15780 SW 72nd Street, Miami, FL 33193 EXTERIOR PHOTOS SUNSET SQUARE AT LAGO MAR Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need of Page 5 individual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, and legal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Past Privileged and Confidential rental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed. www.blancacre.com 15780 SW 72nd Street, Miami, FL 33193 INTERIOR PHOTOS SUNSET SQUARE AT LAGO MAR Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. This analysis does not constitute a recommendation to make a specific business decision, to lease a specific space, or agree to specific business terms, nor take into account every particular objective, financial situation, or need of Page 6 individual clients. Clients should consider whether any advice or recommendation in this summary report is suitable for their particular circumstances and, if appropriate, seek additional professional advice, including tax, accounting, and legal advice. Blanca Commercial Real Estate is not providing and does not provide tax, accounting, or legal advice. The price and value of office space for lease and availability of office space referred to in this analysis fluctuates. Past Privileged and Confidential rental and vacancy rates is not a guide to future rental and vacancy rates, and the rental rates, terms and conditions assumed in this analysis and report are not guaranteed. www.blancacre.com 15780 SW 72nd Street, Miami, FL 33193 SITE AERIAL SUNSET SQUARE AT LAGO MAR Coral Gables US 1 Pinecrest Palms at Town FL Turnpike & Country Shops at Kendall Kendall 54,000 students Lakes Plaza Kendall Plaza Subject Property Miami SW 157th Ave Executive Airport West Sunset Square Disclaimer: The information and summary of calculations in this report is for our client only, and is based on current information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such.
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