SOUTH FLORIDA 8.6± ACRE DEVELOPMENT SITE FOR SALE NW 170TH STREET & NW 97TH AVENUE // MIAMI-DADE COUNTY

Proposed Interchange TURNPIKE TRANSFER 75 AMERICAN DREAM MALL PLANNED DEVELOPMENT

GRAHAM COMPANIES PLANNED DEVELOPMENT

Proposed Interchange NW 170th Street

NW 97th Avenue

LENNAR COUNTYLINE CORPORATE PARK PLANNED PLANNED DEVELOPMENT DEVELOPMENT

75

Excellent opportunity to acquire prime real estate near the planned “American Dream Miami” - a HIALEAH TOWN CENTER $4 billion/ 5 MSF projectPLANNED comprising dynamic retail, N DEVELOPMENT 27 entertainmentNW 138th Street and dining experiences. TURNPIKE TRANSFERTRANSFER NW 170th Street & NW 97th Avenue // Miami-Dade County, Florida

OVERVIEW DEVELOPMENTS DEVELOPMENT HIGHLIGHTS MAP MARKET RETAIL OVERVIEW

PROJECT OVERVIEW

Cushman & Wakefield is pleased to offer for sale Turnpike Transfer is perfectly positioned at the Turnpike Transfer (“Property”), a rare 8.6± acre southwest corner of the keystone intersection development site uniquely positioned in the path of NW 97th Avenue and NW 170th Street, in the of development at a prime hard corner location center of numerous exciting current and proposed in one of the most active development locales developments. The Property is flanked by Flagler in South Florida. Turnpike Transfer is situated in Global Logistics Countyline Corporate Park (nearly Northwest Miami-Dade County just south of the 400 acres entitled for 8.4 MSF), Triple Five Group’s intersection of the Florida Turnpike and I-75 in American Dream Miami, and the Graham Companies close proximity to the planned American Dream master-planned project, (proposed 4 MSF of Miami, a transformative $4 billion destination mixed-use projects). The Lennar Corporation, the retail and entertainment project encompassing largest home builder in the United States, currently 195 acres that will be home to the largest mall in has existing and planned residential projects in the North America along with over 5 MSF of upscale area in excess of 3,200 homes. venues, a unique selections of retail outlets, an arts and entertainment center, multiple dining options, A thriving residential and business locale coupled luxury hotels, indoor ski/water park, outdoor parks with an ideal location at the intersection of and gardens along with an aquarium. the Florida Turnpike and Interstate I-75 make Turnpike Transfer a prime component of the area’s Boasting ±1,300’ of linear frontage along NW 170th development. Street at a hard corner intersection, an optimal rectangular configuration that is easily divisible, With the American Dream Miami-Dade’s recent and flexible zoning which would allow for a variety commission’s approval of land use and zoning, of complementary uses including commercial, and the proposed interchanges serving the office, retail, industrial and hospitality, the offering area and surrounding planned development, represents a tremendous opportunity to acquire Turnpike Transfer offers endless development a critical mass of acreage in a dynamic, land opportunities. constrained region of the United States with high barriers to entry.

75 LOCATION: Southwest Corner of NW 97th Avenue and NW 170th Street, Hialeah, Florida

LAND AREA: 8.6± Net Acres (net of road dedications)

APN: 04-2017-001-0010 NW 170th Street

ZONING: BDH – Business Development District – potential uses include M-1, M-2 and C-1 through C-3 Districts TURNPIKE TRANSFER USES: Retail-Out Parcel, Hotel/Convention, Various NW 97th Avenue Commercial, Restaurant, Gas Station, Bank, Pharmacy, Mixed-Use to include Retail and Hospitality, Various Industrial including Self-Storage

SALE PRICE: $7,450,000± ($19.89 PSF)

N TURNPIKE TRANSFERTRANSFER NW 170th Street & NW 97th Avenue // Miami-Dade County, Florida

OVERVIEW DEVELOPMENTS DEVELOPMENT HIGHLIGHTS MAP MARKET RETAIL OVERVIEW

AREA DEVELOPMENTS

Proposed Interchange TURNPIKE NW 186th Street TRANSFER

MIAMI GARDENS PLANNED

Proposed Interchange NW 170th Street

NW 97th Avenue

PLANNED 826 PLANNED

75 MIAMI LAKES HIALEAH TOWN CENTER

PLANNED 27 NW 138th Street N HIALEAH TURNPIKE TRANSFERTRANSFER NW 170th Street & NW 97th Avenue // Miami-Dade County, Florida

OVERVIEW DEVELOPMENTS DEVELOPMENT HIGHLIGHTS MAP MARKET RETAIL OVERVIEW

DEVELOPMENT HIGHLIGHTS

2022/2023 DELIVERABLE

AMERICAN DREAM MIAMI (ADM) GRAHAM COMPANIES The American Dream Mall will be considered the This development project is comprised of 340± first experiential entertainment, fashion and retail acres of mixed-use planned projects to include destination in South Florida. This planned mega- industrial, office, multi-family and retail. Plans center is expected to comprise over 5M SF of rich call for approximately 150,000 SF of retail, selections of retail and global fashions, fine dining 250,000 SF of business park and 500 multi-FLAGLER offering an array of culinary infused themes, a family dwelling units by the year 2020. Build-outGLOB AL LOGISTICS variety entertainment venues and world-scale development is anticipated to exceed 4M SF of attractions. Among the vast array of amenities will retail and business park with an additional 2,000 be an indoor ski dome, waterpark, miniature golfCOUNTYLINE multi-family CORPORATE units over the next PARK two decades. and skating rink. ADM has received it’s final approval from Miami-Dade’s commission voting in favorBUILDING to 1 change zoning required to build. The project is 3740set W 104TH ST, HIALEAH, FL to break ground in late 2019, early 2020. DIVISIBLE FROM 68,000 - 10,000 SF

LENNAR CORPORATION COUNTYLINE CORPORATE PARK ANNOUNCING FLAGLER’S NEWEST BUSINESS PARK A residential construction company based in Countyline Corporate Park is considered the Miami, Florida was established in 1954 and latest industrial development by Flagler Global operates in 17 states. The Lennar Corporation Logistics offering Class A warehouses for lease. was recently ranked the largest home builder Typical bay sizes are 9,720 SF with 60’ concrete in the United States. Local developments near apron, 32’ clear, and 54’ wide column spacing. Turnpike Transfer offer single-family and multi- Additional build-to-suit office and warehouse family residential projects in private, gated improvements available. Countyline offers build- communities known as AquaBella and Bonterra. to-suits for lease or sale and land for sale. This These neighborhoods are supported by a sprawling new industrial project is expected to plethora of amenities and recreational facilities. exceed over 8M SF of industrial space built out over 500 acres of land holdings.

Presenting the first, Class “A” warehouse for lease at Countyline Corporate Park. Countyline is the latest in a string of master-planned business parks developed by Flagler Global Logistics in Florida. Countyline is an excellent multi-modal logistics location with easy access to Florida’s Turnpike, I-75, the Palmetto Expressway, PortMiami, Port Everglades, and Miami International Airport. TURNPIKE TRANSFERTRANSFER NW 170th Street & NW 97th Avenue // Miami-Dade County, Florida

OVERVIEW DEVELOPMENTS DEVELOPMENT HIGHLIGHTS MAP MARKET RETAIL OVERVIEW

MAP WITH DISTANCE TO SOUTH FLORIDA’S TRANSPORTATION NODES

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Florida Turnpike (proposed entry) ...... 0.80 miles Miami International Airport ...... 12.5 miles Interstate 75 (via 138th Street) ...... 2.20 miles PortMiami ...... 20.8 miles Palmetto Exp. (826) (via 138th/75) ...... 3.50 miles Ft Lauderdale International Airport ...... 29.6 miles Tri-Rail Hialeah Market ...... 12.0 miles Port Everglades ...... 31.8 miles TURNPIKE NEARBY AMENITIES TRANSFER

LODGING TRANSPORT ACCESS FINANCIAL HEALTHCARE DINING PUBLIX FULL BUS SERVICE INSTITUTIONS FACILITIES MAJOR RETAILERS TRI-RAIL SERVICE DRUG STORES

©2017 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUB-MITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION. TURNPIKE TRANSFERTRANSFER NW 170th Street & NW 97th Avenue // Miami-Dade County, Florida

OVERVIEW DEVELOPMENTS DEVELOPMENT HIGHLIGHTS MAP MARKET RETAIL OVERVIEW

MARKET STATISTICS A GAME-CHANGER The Miami-Dade market’s constant reinvention The counties population has a Hispanic plurality thrives in an ever changing world by being able or majority over 66%. This Latin influence to attract a diverse demographic. Its resilience permeates much of the area’s fabric and defines and ability to bounce back from the effects of many communities. There are pockets of cultural the recent hurricane stands as a testament to identities from many counties that directly impact the vibrant nature of the people in the market. people’s consumer choices, from the food they eat Coupled with the forces of globalization, the influx to the clothes they wear. of wealth and rapidly changing consumer tastes, the dynamics in Miami-Dade, as well as all of South Tenants and users are attracted to Miami-Dade Florida, means that the standard rules do not apply County for several reasons including its close here. Together, they elevate Miami-Dade’s place as proximity to a large customer base throughout the a cultural leader and trendsetter in a world-class region and its strong transportation network. It is “Gateway City”. also known as the “Gateway to the Latin Americas,” due to its close proximity in access for imports and Miami-Dade is the heart of South Florida, the exports. fourth largest urban area in the US, with a population of roughly 2.8 million people. It is one The County is served by four major interstates of the fastest growing mega regions in the country (I-95, I-195, I-75 and I-395) as well as the Florida with a culturally diverse and dense population, Turnpike and US 1. There is also an international averaging more than 4,400 people per square airport in Miami and six smaller executive airports mile. According to Moody’s Analytics, by 2023 in the county. The regional Tri-Rail commuter rail the population in the County is expected to grow line links Miami, Ft. Lauderdale and West Palm another 6.7%. The average household income is Beach along a 70.9 mile long system with 18 approximately $69,993 which is projected to grow stations. Brightline will connect Miami and Orlando by another 14.7% in the next five years. and now has stops in downtown Ft. Lauderdale and West Palm Beach. Population 2.8 Million

12 Month Population Growth 0.8% Hispanic Population 66.2%

Labor Force 16 MILLION 44 MILLION 1.4 Million VISITORS ANNUALLY ARRIVALS ANNUALLY DOMESTIC & INT’L 12-Month Job Growth +2.4%

Unemployment Rate June 2017 4.8% Household Income $69,993 Retail Sales 54.98 Billion #1 CRUISE SHIP PORT Consumer Confidence 120.3 IN THE WORLD TURNPIKE TRANSFERTRANSFER NW 170th Street & NW 97th Avenue // Miami-Dade County, Florida

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MIAMI RETAIL MARKET OVERVIEW

Overview Rents

An extensive “Shadow Market” in South Florida Miami-Dade’s elevated status and retail potential is drives the economic vitality of the region. The reflected in the rent levels tenants are willing to pay shadow customer comes from all over the to be in the market. Miami-Dade has the highest world and are a significant portion of new home asking overall rental rate in all of the markets in buyers, often paying all cash. These temporary the Southeast as well as one of the lowest vacancy seasonal residents do not show up in traditional rates for retail product. For urban storefronts in demographic numbers and are not counted during high-end areas, asking rents can be over $325 per the Census since they are here for only a few weeks square foot, triple net. While not as high as rents or a few months during the year. The Shadow in larger markets like New York or Los Angeles, Market of international residents, primarily from Miami-Dade still competes for the same tenants Latin America, remains the main factor behind and is in the same league in terms of relevance as the region’s strong housing market, elevated other larger gateway cities. retail sales growth and sharp up-tick in retailer expansion. HIGHEST ASKING RENT / VACANCY

Construction Miami $325 4.3%

Between 2007 and 2009, on average over 1.2 Ft. Lauderdale $100 5.4% million SF of retail space was delivered annually, West Palm Beach $100 5.7% which fell dramatically to only 415,000 SF annually after 2013. That changed in 2017 when almost Charlotte $115 6.1% 380,000 SF of new retail space came to market with Houston $32 6.9% another 1.0 million SF currently under construction. Most of the new space being constructed is in San Antonio $45 7.1% high-end mixed use projects in the urban core or in Tampa $60 7.1% well-established submarkets like Coral Gables and Design District. Orlando $84 7.2% Austin $39 7.3%

Dallas $30 7.3%

Jacksonville $39 8.3%

Atlanta $48 8.6%

Miami NNN Rent PSF Overall Vacancy $48

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EXCLUSIVE CONTACTS TURNPIKE WAYNE RAMOSKI GIAN RODRIGUEZ Executive Director Director TRANSFER Industrial Brokerage Industrial Brokerage +1 305 533 2840 +1 305 351.2452 [email protected] [email protected]

MIGUEL ALCIVAR GREG MASIN Director Senior Director Capital Markets Retail Brokerage +1 305 533 2871 +1 305 533 2857 [email protected] [email protected]

HEIDI PECKHAUS Marketing Coordinator Industrial Brokerage +1 305 533 2890 [email protected]