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

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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 © 2020 CBRE, Inc. All Rights Reserved. DORAL CENTER DEVELOPMENT LAND CONTACT US 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 central- ly 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 NW 107th Ave DEVELOPMENT LAND NW 87th Ave NW 97th Ave 5,500 AADT NW 25th St e v A h t 7 2 1 W N Dolphin Miami Mall International Mall Kenall Lakes 44,500 AADT N 1t St NW 12th 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.
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