Offering Memorandum
LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES FRONTAGE ON: SW 122 AVENUE • MIAMI, FL 33035 NON-ENDORSEMENT AND DISCLAIMER NOTICE
Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap Real Estate Investment Services of Florida, Inc. ("Marcus & Millichap") and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement Notice Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
DORALHOMESTEAD AREA - AREA LAND - INVESTMENT-LAND INVESTMENT- 1 ACRE 10 ACRES MIAMI, FL ACT ID ZAB0390575ZAB0390579
Ryan Nee Florida Broker of Record License: FL BK3154667 954.245.3400
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3 OVERVIEW
LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND
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farming… tree - use interim (AU): Agricultural Zoned •
50% Increase Population and 65% Increase Employment Increase 65% and Population Increase 50%
Highest Projected Growth Rate in Miami-Dade County Miami-Dade in Rate Growth Projected Highest • …
Larkin Hospital future $65,000,000 medical campu medical $65,000,000 future Hospital Larkin • s
y Speedwa Homestead-Miami •
e Commerc of Park Homestead •
t Walmar & Restaurants Retail, •
Easy access to US 1 / Turnpike / South-Dade Transitwa South-Dade / Turnpike / 1 US to access Easy • y
INVESTMENT HIGHLIGHTS INVESTMENT
significant price appreciation price significant best use zoning transformation, the basis of of basis the transformation, zoning use best .
Periodically, the UDB is moved to include additional land as the current inventory for development declines, allowing for highest and and highest for allowing declines, development for inventory current the as land additional include to moved is UDB the Periodically,
located slightly outside the Miami-Dade County Urban Development Boundary line (UDB). (UDB). line Boundary Development Urban County Miami-Dade the outside slightly located uses) like other and farming tree for
The Property, 10 ACRES, ACRES, 10 Property, The low price of $.30 per sq. ft. currently zoned Agricultural (excellent (excellent Agricultural zoned currently ft. sq. per $.30 of price low a at Investment Land Vacant a is
completion), Homestead Station Shopping Center and Larkin Hospital Medical Campus ($65M on 40 Acres) 40 on ($65M Campus Medical Hospital Larkin and Center Shopping Station Homestead completion),
Significant coming development: Upgraded South-Dade Transitway, 1.5 million sq. ft. leasable area in Southend Industrial Park (at (at Park Industrial Southend in area leasable ft. sq. million 1.5 Transitway, South-Dade Upgraded development: coming Significant
Speedway, Home Depot, Walmart, Frito Lay, Goodman Distribution. Goodman Lay, Frito Walmart, Depot, Home Speedway,
and development both North and South along the Turnpike, including Homestead Hospital (Baptist Health), Homestead-Miami Homestead-Miami Health), (Baptist Hospital Homestead including Turnpike, the along South and North both development and
County, Florida, near significant new Commercial & Industrial development (Homestead Park of Commerce / Southend Industrial Park) Park) Industrial Southend / Commerce of Park (Homestead development Industrial & Commercial new significant near Florida, County,
Marcus & Millichap is proud to present present to proud is Millichap & Marcus 10 ACRES of VACANT LAND located next to the prime City of Homestead Homestead of City prime the to next located LAND VACANT of ACRES 10 in Miami-Dade Miami-Dade in INVESTMENT OVERVIEW INVESTMENT
OFFERING SUMMARY OFFERING LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND 5 SW 122 AVE 122 SW
AERIAL PHOTO – CLOSE-UP – PHOTO AERIAL LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND
6 TREE FARM TREE
SW 122 AVE 122 SW
SUBJECT PROPERTY (10 ACRES) (10 PROPERTY SUBJECT TREE FARM TREE
TREE FARM TREE LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND
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Property Tax Property $1,135.59
Land Size / Acre / Size Land 9.77
30-7924-001-0027 Number Folio / Zoning Agriculture
Land Size / SF / Size Land 425,581.2
Development Type Development Land
Land Price / SF / Price Land $0.30
Land Price Land $127,500.00 THE OFFERING THE
OFFERING SUMMARY OFFERING LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND
8 ECONOMIC DRIVERS ECONOMIC
LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND
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space, 7 story parking garage parking story 7 space, 1,200
Cybrarium foot square 49,000
square foot ShowBiz Cinemas ShowBiz foot square 65,000
retail feet square 30,800
complex. entertainment
rst Cybrarium, a technology-driven public library, educa library, public technology-driven a Cybrarium, rst f world's the and on, and and on, t
retail space, a public parking garage that serves the City of Homestead Park-N-Ride, Park-N-Ride, Homestead of City the serves that garage parking public a space, retail
community center in Homestead, Florida. The project includes a ShowBiz Cinemas, Cinemas, ShowBiz a includes project The Florida. Homestead, in center community
on, completed in October of 2019, is a mixed use entertainment and and entertainment use mixed a is 2019, of October in completed on, t Sta Homestead
HOMESTEAD STATION HOMESTEAD LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND 10
HOMESTEAD PAVILION HOMESTEAD LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND
11 32,950 SQ FT BUILT, 1.5 Million sq ft at buildout on 117 acres, 7.7% population growth by 2023 by growth population 7.7% acres, 117 on buildout at ft sq Million 1.5 BUILT, FT SQ 32,950
SOUTHEND INDUSTRIAL PARK INDUSTRIAL SOUTHEND LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND 12
AMAZON FULFILLMENT CENTER FULFILLMENT AMAZON LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND 13
HOMESTEAD HOSPITAL - BAPTIST HEALTH BAPTIST - HOSPITAL HOMESTEAD LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND
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NASCAR Championships NASCAR
of Home Homestead-Miami Speedway Homestead-Miami
HOMESTEAD-MIAMI SPEEDWAY HOMESTEAD-MIAMI LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND 15
SOUTH DADE TRANSITWAY DADE SOUTH LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND
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enhance the overall ridership experience ridership overall the enhance
reliability, decrease transit travel time, and and time, travel transit decrease reliability,
improvements will help increase the system’s system’s the increase help will improvements
development process. These potential potential These process. development
evaluated as a part of the corridor corridor the of part a as evaluated
options, passenger amenities will be be will amenities passenger options,
costs and benefits of different service service different of benefits and costs
services. In addition to assessing the overall overall the assessing to addition In services.
demand for transportation infrastructure and and infrastructure transportation for demand
a result, will experience an increasing increasing an experience will result, a
Communities in this area are growing, and as as and growing, are area this in Communities
County.
the highest growth rate in the the in rate growth highest the represents
increase in employment by 2040, which which 2040, by employment in increase
increase in population and 65 percent percent 65 and population in increase
experience approximately 50 percent percent 50 approximately experience
will will County Miami-Dade of portion
projections indicate that that indicate projections southern southern the
facilities along this corridor. Recent Recent corridor. this along facilities
30 Metrobus stations and six Park-and-Ride Park-and-Ride six and stations Metrobus 30
Station and Florida City. There are currently currently are There City. Florida and Station
between the Dadeland South Metrorail Metrorail South Dadeland the between
local and limited stop Metrobus service service Metrobus stop limited and local
a 20-mile exclusive busway that operates operates that busway exclusive 20-mile a
Transitway (formerly known as South Link) is is Link) South as known (formerly Transitway
South Dade Transitway Transitway Dade South The South Dade Dade South The TO HAVE HAVE TO “HIGHEST GROWTH RATE IN THE COUNTY” COUNTY” THE IN RATE GROWTH “HIGHEST
SOUTHERN PORTION PORTION SOUTHERN OF MIAMI-DADE COUNTY PROJECTED PROJECTED COUNTY MIAMI-DADE OF
SOUTH DADE TRANSITWAY DADE SOUTH LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND
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analyses, and decision-making.) and analyses,
buyers should be comfortable with and rely solely on their own projections, projections, own their on solely rely and with comfortable be should buyers
guarantees and, given the potential volatility created by COVID-19, all potential potential all COVID-19, by created volatility potential the given and, guarantees
or financial outlook. Projections and pro forma financial statements are not not are statements financial forma pro and Projections outlook. financial or
accounting matters, and for questions involving the property’s physical condition condition physical property’s the involving questions for and matters, accounting
engage other professionals on legal issues, tax, regulatory, financial, and and financial, regulatory, tax, issues, legal on professionals other engage
contractors, or engineers. All potential buyers are admonished and advised to to advised and admonished are buyers potential All engineers. or contractors,
investment professionals cannot and will not act as lawyers, accountants, accountants, lawyers, as act not will and cannot professionals investment
acting as intermediaries between buyers and sellers. Marcus & Millichap and its its and Millichap & Marcus sellers. and buyers between intermediaries as acting
Marcus & Millichap’s principal expertise is in marketing investment properties and and properties investment marketing in is expertise principal Millichap’s & Marcus
perform, and cannot conduct, due diligence on behalf of any prospective purchaser. purchaser. prospective any of behalf on diligence due conduct, cannot and perform,
continuing COVID-19 pandemic. Marcus & Millichap has not been retained to to retained been not has Millichap & Marcus pandemic. COVID-19 continuing
may deem necessary, especially given the unpredictable changes resulting from the the from resulting changes unpredictable the given especially necessary, deem may
and obligations to conduct thorough due diligence and seek expert opinions as they they as opinions expert seek and diligence due thorough conduct to obligations and
All potential buyers are strongly advised to take advantage of their opportunities opportunities their of advantage take to advised strongly are buyers potential All
SPECIAL COVID-19 NOTICE COVID-19 SPECIAL
SPECIAL COVID-19 NOTICE COVID-19 SPECIAL LAND INVESTMENT - HOMESTEAD AREA – 10 ACRES 10 – AREA HOMESTEAD - INVESTMENT LAND