DORAL CENTER DEVELOPMENT LAND 10751 NW 25Th STREET DORAL, FLORIDA 33172

OFFERING MEMORANDUM DORAL CENTER DEVELOPMENT LAND 10751 NW 25th STREET DORAL, FLORIDA 33172

CBRE, Inc. AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT

CBRE, Inc. operates within a global family of authorization of the owner of the Property contained herein, to consult with independent companies with many subsidiaries and related (“Owner”) or CBRE, Inc., and (iv) you will not use legal and financial advisors, and carefully entities (each an “Affiliate”) engaging in a broad any part of this Memorandum in any manner investigate the economics of this transaction and range of commercial real estate businesses detrimental to the Owner or CBRE, Inc. Property’s suitability for your needs. ANY RELIANCE including, but not limited to, brokerage services, ON THE CONTENT OF THIS MEMORANDUM IS property and facilities management, valuation, If after reviewing this Memorandum, you have no SOLELY AT YOUR OWN RISK. investment fund management and development. further interest in purchasing the Property, kindly At times different Affiliates, including CBRE Global return it to CBRE, Inc. The Owner expressly reserves the right, at its sole Investors, Inc. or Trammell Crow Company, may discretion, to reject any or all expressions of interest have or represent clients who have competing This Memorandum contains select information or offers to purchase the Property, and/or to interests in the same transaction. For example, pertaining to the Property and the Owner, and terminate discussions at any time with or without Affiliates or their clients may have or express an does not purport to be all-inclusive or contain all notice to you. All offers, counteroffers, and interest in the property described in this or part of the information which prospective negotiations shall be non-binding and neither Memorandum (the “Property”), and may be the investors may require to evaluate a purchase of CBRE, Inc. nor the Owner shall have any legal successful bidder for the Property. Your receipt of the Property. The information contained in this commitment or obligation except as set forth in a this Memorandum constitutes your Memorandum has been obtained from sources fully executed, definitive purchase and sale acknowledgement of that possibility and your believed to be reliable, but has not been verified agreement delivered by the Owner. agreement that neither CBRE, Inc. nor any Affiliate for accuracy, completeness, or fitness for any has an obligation to disclose to you such Affiliates’ particular purpose. All information is presented interest or involvement in the sale or purchase of “as is” without representation or warranty of any kind. Such information includes estimates based Disclaimer: This is a rendering of proposed site the Property. In all instances, however, CBRE, Inc. plans subject to change and city approval. and its Affiliates will act in the best interest of their on forward-looking assumptions relating to the respective client(s), at arms’ length, not in concert, general economy, market conditions, competition or in a manner detrimental to any third party. and other factors which are subject to uncertainty CBRE, Inc. and its Affiliates will conduct their and may not represent the current or future respective businesses in a manner consistent with performance of the Property. All references to the law and all fiduciary duties owed to their acreages, square footages, and other respective client(s). measurements are approximations. This Memorandum describes certain documents, Your receipt of this Memorandum constitutes your including leases and other materials, in summary acknowledgement that (i) it is a confidential form. These summaries may not be complete nor Memorandum solely for your limited use and accurate descriptions of the full agreements benefit in determining whether you desire to referenced. Additional information and an express further interest in the acquisition of the opportunity to inspect the Property may be made Property, (ii) you will hold it in the strictest available to qualified prospective purchasers. You confidence, (iii) you will not disclose it or its are advised to independently verify the accuracy contents to any third party without the prior written and completeness of all summaries and information

MARKET ADVISORS: MARKET LEASING: LARRY GENET TOM O’LOUGHLIN Senior Vice President Senior Vice President +1 305 807 0004 +1 954 356 0468 [email protected] [email protected]

JAKE ZEBEDE Associate +1 305 975 0874 [email protected]

FINANCING INQUIRIES: PAUL AHMED Senior Vice President +1 561 331 1778 [email protected]

MACKENZIE FRY Financial Analyst +1 954 331 1799 [email protected]

TABLE OF CONTENTS 04 OFFERING SUMMARY 10 DEVELOPMENT PLAN 18 COMPARABLES 20 AREA OVERVIEW OFFERING SUMMARY DORAL CENTER DEVELOPMENT LAND

OFFERING HIGHLIGHTS

• Prime ±3.72 acre development site in the heart of Doral • 7 million habitants in South Florida • 747,145 people within a 15-minute drive • 28,586 vehicles per day • Access from north and south sides of the development • ±50 parking spaces • Strategic Miami-Dade County location THE OFFERING • Frontage: 250’ on NW 25th Street and 300’ on NW 27th CBRE, as exclusive representative, is pleased to present the opportunity to acquire the Doral Street Center Development Land, an approximately ±3.72 acre pristine land site located in highly • Utilities: Electric, gas, municipal water and sewer are ex- sought after Doral, FL on NW 25th Street off the Palmetto Expressway. tended to the site. Consisting of an impressive ±550 feet of street frontage (combined area on both NW 25th and • 9 Minutes to Miami Airport NW 27th Streets), the site will be delivered shovel-ready. The site is in the process of being site- • 16 Minutes to Port of Miami plan approved for a developer to build. The area is currently zoned I-Industrial and according to the City of Doral Zoning Code.

The Doral Center Development Land presents a rare opportunity to acquire a critical volume ASSET OVERVIEW of land in one of the fastest-growing and most promising markets in the country. The zoning code is very flexible to allow for many types of development in the area. This is a well-trafficked Address 10751 NW 25th Streeet, Doral, FL area, with average traffic counts approaching 25,500 cars and 3,086 trucks daily. The area 33172 has strong demographics, with an average household income of $122,055 annually within a 1 mile radius. The area is also centrally located and easily accessible via the Palmetto Express- Zoning Refer to zoning analysis pg.12 way, Dolphin Expressway and Florida Turnpike. Site Size ±3.72 Acres Nearby tenants include Carnival Corporation, Telemundo, IKEA and PepsiCo. Doral is centrally located in northwest Miami-Dade County, and borders 3 major expressway systems (836, Folio No. 35-3030-034-0010 826, and Florida’s Turnpike). Located near two international airports, several international Land Available seaports, railways and highways, Doral provides access to the global marketplace. Being part $7,500,000 for Sale of Miami-Dade County gives the added advantage of being close to over 2.7 million people and almost 84,000 businesses.

OFFERING SUMMARY 5 6 DORAL CENTER DEVELOPMENT LAND AMENITIES MAP Frt Laerale N 1st St

1 DORAL CENTER N 10t Ae

DEVELOPMENT LAND N t Ae N t Ae

5,500 AADT N 5t St e A t 1 N

Dolphin Miami Mall International Mall

Kenall Lakes ,500 AADT

N 1t St N 1t St 36

Miai Airprt SURVEY

TITLE REVIEW NOTES:

LOT 6, BLOCK 4 AVENUE FREE ZONE INDUSTRIAL PARK PHASE TWO LOT 1A, BLOCK 5 TRACT "A" (P.B. 116, PG. 92) AVE. FREE ZONE INDUSTRIAL PARK PHASE TWO AMENDED (P.B. 132, PG. 56) HEMISPHERE Owner: Republic National Bank of Miami PLACE Note: The right of entry has been released pursuant to Florida Statutes 270.11(2) (b). Folio No.: 35-3030-008-0010 (P.B. 146, PG. 71)

N.W. 108th

TRACT "B" N.W. 109th SITE F.T.Z. SUBDIVISION LOCATION (P.B. 153, PG. 35) N.W. 27th ST. TRACT "C" TRACT "A"

LEGAL DESCRIPTION: LOT 1 BLOCK 1

TRACT "B" (P.B. 127, PG. 12) (P.B. 153, PG. 35) BRITANNIA PARK Owner: Bank of America Folio No.: 35-3030-034-0020

NOTE:

VACANT TRACT "A" TRACT "B" (P.B. 153, PG. 35)

(P.B. 146, PG. 50) Folio No.: 35-3030-034-0010

ZONING RESTRICTIONS: Folio No.: 35-3030-029- 0001 (REFERENCE ONLY) (REFERENCE 0001 35-3030-029- No.: Folio

COMMERCE PARK OF THE AMERICAS SECTION ONE

N.W. 107th AVENUE

TRACT "C" (P.B. 153, PG. 35) TRACT "A"

Owner: PROCACCI DORAL, LLC. (P.B. 148, PG. 19)

Folio No.: 35-3030-034-0030 PRITI SUBDIVISION SECTION 30, TOWNSHIP 53 SOUTH, RANGE 40 EAST MIAMI-DADE COUNTY, FLORIDA

SYMBOL LEGEND COMMERCE PARK-TRACT A

N.W. 25th ST.

1 2 3 DOLPHIN PARK OF COMMERCE III, LLC. MIAMI, FLORIDA 33172 4 LOCATION MAP, LEGEND, LEGAL DESCRIPTION & SURVEYOR'S NOTES 5 6 7 ALTA / NSPS LAND TITLE SURVEY 2051 N.W. 112th AVENUE BLOCK 1 HAMPTON PARK 8 9 10 TRACT "B" (P.B. 48, PG. 58) MIAMI FREE ZONE REPLAT 1" = 40' J.M./E.R. (P.B. 48, PG. 58) FORD, ARMENTEROS & FERNANDEZ, INC, LB 6557

05/09/12 02A192-5400 1 1 DORAL CENTER DEVELOPMENT LAND AREA ACCESS DEVELOPMENT PLANS DORAL CENTER DEVELOPMENT LAND COMMERCIAL USES PERMITTED

Zoning: I – Industrial ZONING ANALYSIS

The following future uses are permitted in the industrial district (I): Professional Offices, Medi- A. Purpose The intent and purpose of the industrial district (I) is to allow for industrial uses in the city, which shall cal Offices, Restaurants, Hotels and Motels with a maximum density of 75 units per acre; Re- increase the economic activity as being in close proximity to Miami International Airport and to retain and continue allowing industrial uses in the city. tail with 15% ancillary usage; Educational facilities, Public schools, Trade schools, Religious B. Permitted Uses - Generally facilities, Day care facilities, Warehouses, Showrooms, light Manufacturing, Self-Storage (for (1) Residential uses. (13) Showrooms. which a site plan approval and full construction plans are available for permitting on the (2) Professional offices. (14) Manufacturing, light. northern third of the site), Places of assembly (banquet halls, private clubs, convention and (3) Medical offices. (15) Places of assembly. (4) Restaurants. (16) Recreation facilities. auditoriums), Recreation facilities, Automotive rental, Miniwarehouses, Motion picture pro- (5) Hotels and Motels. (17) Automotive rental. duction studios, Parking lots, Kennels., and Banks. FAR is 50% ground floor and 25% above (6) Retail and services. (18) Miniwarehouses or self-storage facility. ground floor. Height is 80 feet which is width of right of way. (7) Educational facilities. (19) Motion picture production studios. (8) Public schools. (20) Parking lots. (9) Trade schools. (21) Kennels.

(10) Religious facilities. (22) Banks.

(11) Day care facilities (23) Brewpubs.

(12) Warehouses. (24) Vertical indoor farms.

Typical Development Configuration

DEVELOPMENT PLANs 11 COMMERCIAL USES PERMITTED Renderings for proposed Office and Self Storage Buildings.*

* Self Storage use has a site plan approval and full construction plans that are available for permitting on the 12 northern third of the site

Miami, Florida, 33172 Florida, Miami,

T. 305 857 9323 857 305 T.

3250 NE 1st Avenue . Suite 305 . Miami . Florida . 33133 . Florida . Miami . 305 Suite . Avenue 1st NE 3250 107XX N.W. 27th STREET 27th N.W. 107XX

architecture . interior design . planning . design interior . architecture SITE DATA SITE

DORAL CENTER DORAL

jenifer briley + associates + briley jenifer OFFICE / RETAIL @ RETAIL / OFFICE 0 9 3 7 (1) (1) 19 PS PROVIDED PROVIDED PROVIDED PROVIDED PROVIDED 0 0 6 7 (1) 2.75 15.75 PS [STANDARD STALL = 9'x19'] [STANDARD STALL = 9'x19'] REQUIRED REQUIRED REQUIRED REQUIRED REQUIRED (1/400 sf ) SELF-STORAGE TOTAL PARKING: LOADING [STANDARD STALL = 12'x25'x15'] [STANDARD STALL = 12'x25'x15'] SELF-STORAGE STROLLER (INCLUSIVE) SELF-STORAGE BICYCLE SPACES (LOADING SPACES SHALL BE PERMITTED TO COUNT TOWARDS PARKING REQUIREMENT) SELF-STORAGE (LOADING SPACES SHALL BE PERMITTED TO COUNT TOWARDS PARKING REQUIREMENT) (1/5,000sf FOR 1st 20,000sf : then 1/10,000 sf ) OFFICE / RETAIL TOTAL PARKING SELF STORAGE OFFICE LOADING (SELF-STORAGE) SELF-STORAGE ADA (INCLUSIVE) SELF-STORAGE + OFFICE / RETAIL TOTAL PARKING PARKING (SELF-STORAGE FACILITY) PARKING (OFFICE / RETAIL) (2 + 1/15,000sf OVER 30,000sf) INDUSTRIAL MANUF. & WAREHOUSING N/A 20'-0" 67'-0" 63'-3" 53'-1" 15'-0" 1,100 sf 12,699 gsf 15,136 gsf 14,463 gsf 19,050 gsf 19,407 gsf 19,407 gsf 19,407 gsf 19,265 gsf 58,107 gsf 24,949 gsf 28,582 gsf 53,531 gsf 15,136 gsf 15,136 gsf 110,999 gsf 3 0.50 0.25 0.25 0.25 0.25 0.25 1.75 0.50 0.25 0.25 0.25 1.25 169,106 GSF 0.3 0.8 0.06 0.09 0.09 0.09 0.09 0.08 0.50 0.06 0.08 0.08 0.08 ~ 10'-8" (TOP OF ROOF SLAB) ~ 52'-0" (TOP OF ROOF SLAB) (PREVIOUSLY APPROVED) 34'-6" (PREVIOUSLY APPROVED) 20'-0" (PREVIOUSLY APPROVED) 60'-0" PROVIDED PROVIDED PROVIDED ~ 71'-4" (PREVIOUSLY APPROVED) 81,186 SF 40,594 SF 40,594 SF 40,594 SF 40,594 SF 40,594 SF 81,186 SF 40,593 SF 40,593 SF 40,593 SF 284,155 SF 202,965 SF 487,120 SF 5'-0" MIN 5'-0" MIN 5'-0" MIN 5'-0" MIN 20'-0" MIN 20'-0" MIN 15% 15'-0" MIN 15'-0" MIN 15'-0" MIN ~ 80'-0" 9,382 SF 24,356 sf MIN 10,546 SF 13,846 SF 52,084 SF 14,538 SF 14,648 SF 14,648 SF 13,792 SF 81,609 SF 14,601 SF 13,846 SF 13,846 SF ALLOWED PROVIDED 133,693 SF AH 6.00' (N.G.V.D.) 162,372.50 sf (3.73 acres +/-) PROFESSIONAL OFFICES RETAIL AND SERVICES PREVIOUSLY APPROVED SELF-STORAGE FACILITY I (INDUSTRIAL DISTRICT) ALLOWED GROSS GROSS GROSS GROSS GROSS GROSS 4- STAIRWELLS, MECHANICAL ROOMS, WASTE ROOMS AND ELEVATOR SHAFTS. 2- OFF-STREET PARKING AREAS. 3- LOBBIES. 5- OPEN PLAZAS. 6- INTERIOR CORRIDORS AND THE FRONT OFFICE WITHIN MINI-WAREHOUSE SELF-STORAGE DIVIDED BY THE AREA OF LOT EXCLUDING FOLLOWING: FLOOR AREA OF BUILDING MEASURED FROM THE INTERIOR EXTERIOR WALLS ON ANY LOT FACILITIES 1- BALCONIES WHICH EXTEND FROM THE EXTERIOR WALL AND EXTENSIONS. S I T E D A (OFFICE BUILDING/ PREVIOUSLY APPROVED STORAGE FACILITY) FAR = FLOOR AREA RATIO (DORAL LAND DEVELOPMENT CODE SECTION 52-5) GROSS LOT AREA FLOOD ZONE 2nd FLOOR GROSS 4th FLOOR GROSS BASE FLOOD ELEVATION PROPOSED USE SETBACKS 1st FLOOR OFFICE GROSS 3rd FLOOR TOTAL GROSS (SELF-STORAGE) 1st FLOOR GROSS TOTAL GROSS (PARKING GARAGE) 1st FLOOR NET 2nd FLOOR NET 3rd FLOOR NET 4th FLOOR NET TOTAL (OFFICE / RETAIL): BUILDING COVERAGE - BUILDING HEIGHT (SELF-STORAGE) BUILDING HEIGHT (OFFICE / RETAIL) BUILDING HEIGHT (PARKING) OPEN SPACE - 15% LOT AREA LANDSCAPED AREA LEGAL DESCRIPTION 2nd FLOOR 4th FLOOR 5th FLOOR 6th FLOOR 1st FLOOR GROSS 3rd FLOOR GROSS TOTAL GROSS (OFFICE/ RETAIL BUILDING) 2nd FLOOR GROSS 5th FLOOR NET 6th FLOOR NET TOTAL (SELF-STORAGE): 1st FLOOR NET 2nd FLOOR NET 3rd FLOOR NET 4th FLOOR NET ZONING TOTAL NET / FAR: TOTAL GROSS (SELF-STORAGE + OFFICE/ RETAIL) GROSS (SELF-STORAGE FACILITY) GROSS (OFFICE / RETAIL BUILDING) GROSS (PARKING GARAGE) (SELF-STORAGE + OFFICE/ RETAIL) REAR PRINCIPAL FRONT SELF-STORAGE (27TH ST) PRINCIPAL FRONT OFFICE / RETAIL PARKING (25TH ST) PROPOSED BUILDING AREAS & F.A.R. INTERIOR SIDE SETBACK OFFICE / RETAIL (WEST) INTERIOR SIDE SETBACK PARKING (WEST) NET (SELF-STORAGE) NET (OFFICE / RETAIL BLDG.) INTERIOR SIDE SETBACK SELF-STORAGE (EAST) INTERIOR SIDE SETBACK OFFICE / RETAIL (EAST) INTERIOR SIDE SETBACK PARKING (EAST) INTERIOR SIDE SETBACK SELF-STORAGE (WEST) (F.A.R. SHALL BE AS DEFINED IN DORAL MUNICIPAL CODE Sec. 52-5) DORAL CENTER DEVELOPMENT(AS DEFINED IN DORAL MUNICIPAL CODE Sec. 52-5) LAND COMMERCIAL USES PERMITTED Plans for proposed Office and Self Storage Buildings.* SITE DATA

* Self Storage use has a site plan approval and full construction plans that are available for permitting on the DEVELOPMENT PLANs northern third of the site 13 COMMERCIAL USES PERMITTED Small Bay Warehouse JOB NO.: 1802-13 DATE: 10 - 25 2013

SITE PLAN SCALE: 1/64" = 1'-0"

14 C 2013 CABRERA RAMOS ARCHITECTS, INC. DORAL CENTER DEVELOPMENT LAND COMMERCIAL USES PERMITTED Retail and Warehouse

3 3 3

BUILDING 2 8 3 3 3 ZONING INFORMATION

BUILDING 3

TOTAL BUILDING 1

3 3 3 TOTAL BUILDING 2 TOTAL BUILDING 3

3 3 3

BUILDING 1

1 3 3 3 5

3 JOB NO.: 2404-19

10 DATE: 01/23/2019 BUILDING 1 SITE PLAN 2

10 10 9 SCALE: 1/64"=1'-0"

DEVELOPMENT PLANs 15 C 2019 CABRERA RAMOS ARCHITECTS, INC. COMPARABLES DORAL CENTER DEVELOPMENT LAND SALES COMPARABLES ADDRESS AREA SALE PRICE/AC SALES COMPARABLES

Ocean Cadillac Site 17800 State Road 9, 4.750 Acres $9,700,000 $2,042,105 Miami, FL 33162

1401 NW 110th Avenue, 3.20 Acres $8,900,000 $2,781,250 Sweetwater, FL 33172

Florida International Medical Center 1.99 Acres $6,000,000 $3,015,075 1 3635 Northwest 78th Avenue, Doral, FL 33166 3

8425 NW 41st Street, 4.00 Acres $19,250,000 $4,807,812 Doral, FL 33166 4 3 4 2

DORAL CENTER DEVELOPMENT LAND

comparables 17 AREA OVERVIEW DORAL CENTER DEVELOPMENT LAND

DEVELOPMENT OPPORTUNITY

Paramount Park Development site owners are currently seeking approval to build two warehouse buildings on the site, which is approximately 4.1 acres in size and lies in flood zone ‘X’. The property is zoned I-1 and according to the City of Pompano Beach Zoning Code Chapter 155 section 155.3402 General Industrial (I-1), warehousing is allowed there.

The design of the project has been based on the dimensional standards and requirements set forth further in that same section. The warehouses would be comprised of 28 individual bays that would be leased to individual businesses of an industrial or related nature. “THE REGIONS ECONOMIC AND JOB GROWTH CONTINUES TO

OUTPACE THE NATIONAL AVERAGE”

SOUTH FLORIDA South Florida is a region of the U.S. State of Florida. As the name implies, it comprises the southernmost part of the state. While South Florida has no official boundaries or status, and is defined differently by different sources, it commonly refers to Miami-Dade, Broward, and Palm Beach County. The region is the growth engine for the State of Florida as a whole, and has a total population of over 6,200,000. The region’s growth was fourth-fastest in the U.S., according to the Census Bureau. Overall, the State of Florida recently surpassed New York to become the third most populous state in the nation. South Florida’s phenomenal population, economic, and job growth rate is projected to outpace the national average through 2030. AREA OVERVIEW 19 MIAMI GATEWAY TO THE AMERICAS Miami’s location in the center of the Western Hemi- sphere makes the Miami International Airport (MIA) and Port of Miami critical channels for international trade and commerce. Significant investment in ship- ping and distribution infrastructure has positioned Mi- ami for continued growth within this segment and will further solidify Miami’s position as the Gateway to the Americas.

ANNUAL ECONOMIC JOBS $35B IMPACT 300K SUPPORTED BY OF PORT OF MIAMI INTERNATIONAL TRADE OVER 1MILLION S $1.6BILLION CARGO TEU PROCESSED IN RENOVATION COST ANNUALLY THROUGH PORT OF MIAMI TO PORT OF MIAMI

NO CORPORATE FRANCHISE TAX MIAMI INT AIRPORT NO STATE PERSONAL INCOME TAX ST IN TAX NO TAXES ON INVENTORIES 1 INTERNATIONAL NO TAXES ON FOREIGN INCOME 20 FREIGHT IN U.S. Source: The Beacon Council, Port of Miami, & Miami International Airport DORAL CENTER DEVELOPMENT LAND DORAL AREA OVERVIEW

DOWNTOWN DORAL DEVELOPMENT The City of Doral enjoys one of the fastest growing local economies in DORAL AREA STATS the region. The scale and diversity of its leading companies make Doral a nationally significant local economy with considerable global reach. Doral is home to approximately 6,802 businesses employing 102,235 workers, with total sales revenue in 2016 estimated at over $69.4 Billion. 0.93 96,068 0.81 0.83 This total volume of sales revenue, concentrated in such a small Study Area geographic area, represents $679,634 per worker, or over $1.35 Million US per resident, and as such is one of South Florida’s, and the State’s, 91,702 most productive local economies. In addition, the City is home to 28 company headquarters. Many of these companies are global leaders in their respective industries, including Carnival Cruise line, Hellmann Worldwide Logistics, World Fuel, Perry Ellis International, DHL Global 84,958 Forwarding, Amadeus, and US Century Bank. The city also has an EDUCATION important concentration of small but significant businesses that play a Master’s/Professional/Doctorate - 17.6% crucial role in the City’s economic stability, job creation, and industry Bachelor’s - 26.4% diversification. EMPLOYMENT Other - 56.0% An estimated 2,720 businesses or 40 percent of all business 3.7% RESIDENTIAL UNEMPLOYMENT RATE establishments earn more than $1 million in sales annually. Doral is also the proud of home of the United States Southern Command, a RACE & ETHNICITY 1+1712555+A military installation responsible for all operations in Latin America White - 63.6% INCOME employing over 4,000 service men and women and civilians. According Black/African American - 24.3% to the Bureau of Economic Analysis, “US Southern Command, which American Indian - 0.3% moved its headquarters to Doral more than 20 years ago, has amassed Asian - 4.6% a combined economic impact in Miami-Dade County of 53,151 jobs, Native Hawaiian/Other Pacific Islander - 0.1% $5.4 billion in sales, $5.1 billion in gross regional product and 4 percent Other Race - 3.6% of total gross product since 2011.” As a result of all these elements, the 1+6212343A Two or More Races - 3.6% City of Doral has rapidly grown into a major jobs center for the region, attracting international corporations across a wide array of industries.

AREA OVERVIEW 21 PROCESS AND OFFER INSTRUCTIONS

Distribute Offering Memorandum: Investor Information: Confidential Offering Memorandum distributed to interested parties that have Description of purchaser’s entity structure and capital source executed a Confidentiality Agreement. Description of purchaser’s debt source and terms (if applicable) Please provide details on purchaser’s experience in owning Marketing Period: commercial real estate During the marketing period, interested parties are encourage to: (i) review materials posted to the “Virtual Deal Room” section of www.DoralCenterDevelopment.com; Description of purchaser’s due diligence process (ii) schedule showings / market tours with exclusive listing brokers (iii) dialogue Description of any contingencies, caveats, and approvals of with exclusive listing brokers to clarify any information provided in the offering which the Ownership should be aware in evaluating your offer memorandum. Condition of Sale: Offering Process: The property is being offered in its “as is” condition. Purchaser Offers are due in writing and should include the following: shall confirm by Purchaser’s own due diligence the condition and Purchase Price suitability of the Property, without any reliance upon information Earnest Money Deposit provided herein. Inspection Period Please submit one electronic copy of the offer to Larry Genet at Closing Period [email protected].

MARKET ADVISORS: MARKET LEASING: FINANCING INQUIRIES: LARRY GENET TOM O’LOUGHLIN PAUL AHMED Senior Vice President Senior Vice President Senior Vice President +1 305 807 0004 +1 954 356 0468 +1 561 331 1778 [email protected] [email protected] [email protected]

JAKE ZEBEDE MACKENZIE FRY Associate Financial Analyst +1 305 975 0874 +1 954 331 1799 [email protected] [email protected]

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