2765 NW 17TH TERRACE | , FL 33125 | LITTLE

2765 NW 17TH TERRACE | MIAMI, FL 33125 ADDRESS

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▪ Retail/Office Frontage, Heavy Traffic, Private Parking ▪ Seller Financing Available ▪ Great opportunity to own cash flow investment ▪ Fully Leased 6 unit building + parking lot ▪ 4 x 1/1 units + 2 x 3/2 units + parking lot (leased) ▪ Next to Miami River ▪ Also an excellent VALUE-ADD OR REDEVELOPMENT opportunity!

2765 NW 17TH TERRACE | MIAMI, FL 33125 2 2765 NW 17TH TERRACE | MIAMI, FL 33125 3 PROJECTED SCHEME: 45 UNITS | 66 CARS

100 LEVEL FLOORPLAN 200 LEVEL FLOORPLAN

400 – 700 LEVEL FLOORPLANS 800 LEVEL FLOORPLAN

2765 NW 17TH TERRACE | MIAMI, FL 33125 4 2765 NW 17TH TERRACE | MIAMI, FL 33125

PRICING OWNER FINANCING THE ASSET Price $1,300,000 Down 30% $390,000 Units 6 Price/Unit $216,667 Loan 70% $910,000 Year Built 1930 Price/SF $325.57 Ammort Years 20 Gross SF 3,993 GRM 13.80 9.10 Interest Rate Negotiable3.75% Lot SF 13,068 Cap 5.76% 8.00% Payments Negotiable($5,395) APN 01-3133-008-0340 Current Market

MONTHLY RENT SCHEDULE # of Units Type Estimated SF Avg.Current Rent/SF Current Total Market Rent/SF Market Total 1 3/2 $1,500 #DIV/0! $1,500 $2,400 #DIV/0! $2,400 1 3/2 $1,300 #DIV/0! $1,300 $2,400 #DIV/0! $2,400 1 1/1 $700 #DIV/0! $700 $1,400 #DIV/0! $1,400 1 1/1 $950 #DIV/0! $950 $1,400 #DIV/0! $1,400 1 1/1 $950 #DIV/0! $950 $1,400 #DIV/0! $1,400 1 1/1 $950 #DIV/0! $950 $1,400 #DIV/0! $1,400 6 $6,350 $10,400 Rear Lot Income $1,500 $1,500

ANNUALIZED INCOME Current Market Gross Potential Rent $94,200 $142,800 Less Vacancy 3% ($2,826) 3% ($4,284) Scheduled Gross Income $91,374 $138,516

ANNUALIZED EXPENSES Current Market Tax 1.900000% $7,920.67 $26,000.00 Waste $1,800 $1,800 FPL $3,150 $3,150 Ins $3,600 $3,600 Total Expenses $16,471 $34,550 Expenses/Unit $2,745 $5,758 Expenses/SF $4.12 $8.65 % of EGI 18.03% 24.94%

RETURN Current Market NOI $74,903 $103,966

2765 NW 17TH TERRACE | MIAMI, FL 33125 5 THE SHOPS TOP DOWNTOWN EMPLOYERS

Jest Islands

Miami Riverview Miami Riverfront Apartments Residences Elite River View Apartments

2765 NW 17TH TERRACE | MIAMI, FL 33125 6

2765 NW 17TH TERRACE | MIAMI, FL 33125

Little Havana is noted as a center of social, cultural, and political activity in Miami. Its festivals, including the Calle Ocho Festival, Viernes Culturales/Cultural Fridays, the Three Kings Parade and others, have been televised to millions of people every year on different continents. It is also known for its landmarks, including Calle Ocho (SW 8th Street/Tamiami Trail), and its Walk of Fame (for famous artists and Latin personalities, including Celia Cruz, Willy Chirino, and Gloria Estefan), the Cuban Memorial Boulevard, Plaza de la Cubanidad, Domino Park, the Tower Theater, José Martí Park, the Firestone/Walgreens Building, St. John Bosco Catholic Church, Municipio de Santiago de Cuba and others.

▪ Calle Ocho (SW 8th Street) ▪ Padilla Cigar Factory ▪ Cuban Memorial Boulevard (SW 13th Avenue) ▪ Marlins Park (former site of the Orange Bowl) ▪ Visitors Center (1600 SW 10 Street) ▪ Calle Ocho Walk of Fame (SW 8th Street between SW 12th Avenue and SW 17th Avenue) ▪ Centro Cultural Español de Cooperación Iberoamericana ▪ Little Havana Food & Cultural Tour, ▪ Versailles Restaurant SW 8 Street and 36 Avenue ▪ Ball & Chain (1513 SW 8 Street) World Famous Live Music Bar & Lounge; originally opened in 1935

2765 NW 17TH TERRACE | MIAMI, FL 33125 8 2765 NW 17TH TERRACE | MIAMI, FL 33125

97 WALK SCORE

DOWNTOWN TOP EMPLOYERS

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1000 NORTHWEST SEVENTH ST PLAZA CELIA LITTLE HAVANA TOWER HOTEL 10 2765 NW 17TH TERRACE | MIAMI, FL 33125

Apartment rents in the Little Havana submarket increased by 0.6% year-over-year, and have posted an average annual gain of 2.0% over the past three years. Vacancies are very close to the five year cycle average of 2.9%, they currently registered at 3.0%, remaining stable over the past four quarters. There are about 950 units currently underway, representing a 1% expansion of the existing inventory. Over the past three years, 425 units have delivered, or a cumulative inventory expansion of 3.1%.

Sales activity was very strong over the past four quarters, registering at $116,700,000 , prolonging a multi- year stretch of good investment. The average annual sales volume over the past five years has been $85 million. Over the past year, employment gains were essentially in line with the five year average: Total employment increased by 2.4%, or about 28,700 jobs. Over the past five years, employment has increased by 2.6% annually on average, compared to a 1.7% average increase nationally.

ABSORPTION, NET DELIVERIES & VACANCY

12 Mo. Delivered Units 12 Mo. Absorption Units

Vacancy Rate 12 Mo. Asking Rent Growth

2765 NW 17TH TERRACE | MIAMI, FL 33125 11 2765 NW 17TH TERRACE | MIAMI, FL 33125

Little Havana’s main strip, Calle Ocho is home to brightly painted roosters, local art galleries and the Walk of Fame that honors famous Cubans. It’s here you’ll see the center of local life, where local Cuban restaurants and bakeries will tempt you at every corner. Calle Ocho is also home to Cultural Fridays with the best of Cuban arts, culture and music in addition to Miami’s largest street festival, Carnival on Calle Ocho, an explosion of color with street performers and live Latin music.

Dubbed the “Worlds Most Famous Cuban Restaurant,” Versailles is a culinary landmark in that offers a complete immersion into the Cuban culture. You can’t go wrong with an order of croquetas, ropa vieja, lechon asado or a Cuban sandwich. Start your morning off right with a caffeine jolt with a cafe cubano or a cortadito con leche evaporada and side of morning empanadas and guava pastries at their outdoor takeaway window.

An aesthetic beauty, Marlins Park looks like a space station on the outside and is a colorful wonderland on the inside. A perfect place to take the entire family, this kid-friendly venue is unlike any other baseball stadium in the country. It’s not only a great place to watch a game, but you can also find a variety of enticing food options. From ballpark favorites at Obies to burgers and skewers at Pincho and tacos at Butterfly, you’re spoiled with culinary choices.

2765 NW 17TH TERRACE | MIAMI, FL 33125 12 2765 NW 17TH TERRACE | MIAMI, FL 33125 | LITTLE HAVANA

2765 NW 17TH TERRACE | MIAMI, FL 33125 13