2900 BISCAYNE BOULEVARD | AGM, Inc

OFFERING MEMORANDUM DISCLAIMER AGM, Inc. hereby advises all prospective purchases of net leased property as follows: This confidential offering memorandum has been prepared by AGM, Inc. for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. No representation is made by AGM, Inc. or the property owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, AGM, Inc., owner and their employees and agents disclaim any responsibility for inaccuracies and expect prospective purchaser to exercise independent due diligence in verifying all such information. Further, AGM, Inc., owner and their employees and agents disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the confidential offering memorandum or any other written or oral communication transmitted or made available to recipient. This confidential offering memorandum may include certain statements and estimates by AGM, Inc. with respect to the projected future performance of the property; these assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. The confidential offering memorandum does not constitute a representation that there has been no change in the business or affairs of the property or owner since the date of preparation of the confidential offering memorandum. Analysis and verification of the information contained in the confidential offering memorandum is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the property will be made available upon request to interested and qualified prospective investors or purchasers. Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers regarding the property and/or terminate discussion with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing the confidential offering memorandum or making an offer to purchase the property unless and until such offer is approved by owner, a written agreement for the purchase of the property has been fully executed, delivered and approved by owner and its legal counsel, and any conditions to owner’s obligation thereunder have been satisfied or waived. This confidential offering memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. This information should not, under any circumstances, be photo copied or disclosed to any third party without the written consent of AGM, Inc. or owner, or used for any other purpose whatsoever other than to evaluate the possible purchase of the property. By accepting the confidential offering memorandum, you agree that you will not use the confidential offering memorandum or any of the contents in any fashion or manner detrimental to the interest of owner or AGM, Inc. BY ACCEPTING THIS CONFIDENTIAL OFFERING MEMORANDUM, YOU AGREE TO RELEASE AGM, INC. AND HOLD IT HARMLESS FROM ANY KIND OF CLAIM, COST, EXPENSE, OR LIABILITY ARISING OUT OF YOUR INVESTIGATION AND/OR PURCHASE OF THIS NET LEASED PROPERTY.

2900 BISCAYNE BOULEVARD | AGM, Inc. 2900 BISCAYNE BOULEVARD MIAMI, FLORIDA

OFFERING SUMMARY 02 EXCLUSIVELY OFFERED BY BROKER OF RECORD NIKO MIĆIN DAVID L. PERRY, MBA, MPA AREA OVERVIEW 05 206.210.5208 TERRA REALTY GROUP, LLC. [email protected] Florida Lic.: #BK3215019 PROPERTY OVERVIEW 10 www.agmnetlease.com

2900 BISCAYNE BOULEVARD | AGM, Inc. C OFFERING SUMMARY

AGM Net Lease is proud to present for sale and lease a trophy 5,200 SF corner building in the heart of Edgewater on the heavily trafficked Biscayne Boulevard. The property has unparalleled visibility due to its irreplaceable positioning on a signalized intersection of Biscayne Boulevard and 29th Street. This is the only property for lease or sale that has tremendous retail frontage of 110+ feet facing Biscayne with included dedicated parking in the back of the property. Property is zoned T6-36A-O and allows for a construction height of up to 36 stories. With approximately 3,700 residential units in Edgewater only and the increasing density through numerous new developments in the area, this corner is truly generational real estate.

2 2900 BISCAYNE BOULEVARD | AGM, Inc. LOCATION HIGHLIGHTS

TROPHY ASSET SIGNALIZED INTERSECTION LOCATION Incredible Biscayne Boulevard corner retail Unparalleled visibility on a highly trafficked signalized opportunity with 110 feet of Biscayne frontage. intersection

3700+ residential units in Edgewater only, with High daily traffic in excess of 35,000 on Biscayne Extremely rare dedicated parking in the back of the more than 1,000 units currently under construction Boulevard, with additional 410,000 cars on the I-95, building - 12 parking stalls and 2,000 proposed within a 1-mile radius from the A1A/836 and I-195, each less than a mile away property

Ideal for a national tenant looking to increase their Highly limited retail vacancy on Biscayne Boulevard Walk score of 91/100 - Walkers Paradise presence in a core Miami market

2900 BISCAYNE BOULEVARD | AGM, Inc. 3 LEASE SUMMARY FOR SALE SALE PRICE $7,950,000 BUILDING SIZE 5,200 SF

LOT SIZE 10,205 SF

BISCAYNE BOULEVARD $/SF BUILDING $1,528/SF 35,000 ADT

$/SF LAND $749/SF

ZONING T-36A-O

FOR LEASE RENT UNDISCLOSED - CALL REPRESENTATIVE LEASE TYPE NNN

TAXES 2016 (2017 EXEMPT) $7.36/SF ($38,276) • LANDLORD WILL IMPROVE/REPAVE THE PARKING LOT

INSURANCE $2.40/SF ($12,500) • BRAND NEW HVAC SYSTEM CAM TENANT DEPENDANT (ASSUMMING TARGETED SINGLE TENANT OCCUPANCY) • TI ALLOWANCE AVAILABLE NNN TOTAL APPROXIMATELY $10/SF • OWNER/TENANT WILL VACATE THE PREMISES IN JUNE OR JULY OF 2018

4 2900 BISCAYNE BOULEVARD | AGM, Inc. AREA DEMOGRAPHICS

MIAMI POPULATION 5 MINUTES 10 MINUTES 15 MINUTES 2010 POPULATION 26,251 146,411 445 951

2016 POPULATION 35,721 166,866 499,586

2021 POPULATION 40,431 181,569 534,376

AVG. HOUSEHOLD INCOME 5 MINUTES 10 MINUTES 15 MINUTES 2016 AVG. HOUSEHOLD INCOME $71,604 $55,233 $62,210

2021 AVG. HOUSEHOLD INCOME $85,504 $65,101 $72,924

Minutes is defined by drive time in specified radii

Miami is a major center, and a leader in finance, commerce, culture, media, entertainment, the arts, and international trade. Miami and its suburbs are located on a broad plain between the Florida Everglades to the west and Biscayne Bay to the east, which also extends from Florida Bay north to Lake Okeechobee. In 2012, Miami was classified as an “Alpha−” level world city in the World Cities Study Group’s inventory. In 2010, Miami ranked seventh in the United States and 33rd among global cities in terms of business activity, human capital, information exchange, cultural experience, and political engagement. In 2008, Forbes magazine ranked Miami “America’s Cleanest City”, for its year-round good air quality, vast green spaces, clean drinking water, clean streets, and citywide recycling programs. According to a 2009 UBS study of 73 world cities, Miami was ranked as the richest city in the United States, and the world’s seventh-richest city in terms of purchasing power. Miami is nicknamed the “Capital of Latin America” and is the largest city with a Cuban-American plurality. According to the U.S. Census Bureau, Miami’s metro area is the eighth-most populous and fourth-largest urban area in the U.S., with a population of around 5.5 million.

2900 BISCAYNE BOULEVARD | AGM, Inc. 5 AREA EDGEWATER

Edgewater is part of the northern end of Downtown Miami, between I-395 and I-195 and just Other popular locations that are walking distance to Edgewater include: east of Wynwood and Midtown. Like its name implies, the neighborhood also sits just on the • Arts & Entertainment District – aedistrictmiami.com edge of Biscayne Bay directly across from Miami Beach. Additionally, It is also south of the up • Wynwood – wynwoodmiami.com and coming Design District, and just a few minutes away from the airport through the 112. • Adrienne Arsht Center – arshtcenter.org Living in this neighborhood enables one to be just moments away from a wide variety of shopping and entertainment. Some examples include supermarkets such as Publix on 18th • Midtown Miami – midtownmiami.com and Biscayne, easy access to the Metromover located on 15th St and dozens of restaurants • Miami Design District – miamidesigndistrict.net and shops to explore. • Rest of Downtown Miami via Metromover or Trolley. In addition to having some of the most amazing views of Biscayne Bay, some (if not most) of the high rise developments in Edgewater are often newer and less costly than Miami Beach, as well as other areas of Downtown. Many of the Edgewater residential towers are also located within close proximity to transportation, feature phenomenal amenities.

6 2900 BISCAYNE BOULEVARD | AGM, Inc. AREA ZONING T-36A-O

Property has one of the most favorable Zoning designations in Edgewater. The Miami Regulation of Use in a T6 zone 21 Zoning Code allows for 36 stories in height and provides for very little restrictions on Regulating use is an important part of any zoning code. Miami 21 Zoning Code prioritizes commercial use. Upside potential of this property is in redevelopment, whether today or building form (shape and bulk) over the regulation of use to allow for mixed-use in the future. development. The T6 zone has the greatest number and variety of uses. Regulation of capacity in T6 Restricted (R) Single family, multifamily residences. Small lodging permitted by exception. The number located after each T6 is the number of stories that can be built in that transect Limited (L) single family, multifamily residences, Hotels, Bed & Breakfasts, and Inns, Office zone by right. space permitted in a limited capacity Open (O) same as above without limitations

LOT OCCUPATION T6-36 ZONE

T6-8 MAX.EIGHT (8) STORIES Max. Beneﬁt Height Max. Beneﬁt Height

T6-12 MAX.TWELVE (12) STORIES Max.Height 36 Max.Height 36

T6-24 MAX.TWENTY FOUR (24) STORIES 12 12 11 300 min. 11 300 min. 10 10 T6-36 MAX.THIRTY SIX (36) STORIES 9 9 8 8 0 T6-48 MAX.FORTY EIGHT (48) STORIES 7 7 10 min. 6 6 5 5 T6-60 MAX.SIXTY (60) STORIES 4 4 Min.Height 3 Min.Height 3 2 2 T6-80 MAX.EIGHTY (80) STORIES 1 1

2900 BISCAYNE BOULEVARD | AGM, Inc. 7 EDGEWATER EXISTING RESIDENTIAL PROPERTIES - 3,700+ UNITS DEVELOPMENT NAME FROM TO FLOORS BUILT ADDRESS FOR SALE FOR RENT MCI RANK 1800 CLUB $275K $2.68M 42 2007 1800 N BAYSHORE DR MIAMI, FL 33132 29 17 7.17 BAY HOUSE $593K $1.2M 38 2015 600 NE 27 ST MIAMI, FL 33137 28 13 7 BISCAYNE BEACH $450K $9.46M 51 2017 2900 NE 7 AVE MIAMI, FL 33137 93 30 8.38 BLUE CONDOMINIUM $289K $1.2M 35 2005 601 NE 36 ST MIAMI, FL 33137 31 14 7.08 CITE ON THE BAY EAST $249K $610K 16 2004 2000 N BAYSHORE DR MIAMI, FL 33137 14 4 6.75 CITE ON THE BAY WEST $245K $440K 6 2004 2001 BISCAYNE BLVD MIAMI, FL 33137 5 1 5.83 CITY 24 $229K $538K 14 2007 350 NE 24 ST MIAMI, FL 33137 15 8 6 ICON BAY $376K $2M 44 2015 460 NE 28 ST MIAMI, FL 33137 59 42 7.67 ONYX ON THE BAY $389K $720K 28 2007 665 NE 25 ST MIAMI, FL 33137 8 2 7.67 PARAMOUNT BAY $599K $2.28M 47 2010 2020 N BAYSHORE DR MIAMI, FL 33137 38 11 8.17 PLATINUM CONDOMINIUM $289K $510K 22 2006 480 NE 30 ST MIAMI, FL 33137 16 4 5.83 QUANTOM ON THE BAY $215K $990K 44 & 51 2008 1900 BAYSHORE DR MIAMI, FL 33132 82 41 7.17 STAR LOFTS $215K $2.5M 24 2007 700 NE 25 ST MIAMI, FL 33137 7 6 7.08 THE CRIMSON $390K $1.62M 19 2015 601 NE 27 ST MIAMI, FL 33137 25 10 7.17

8 2900 BISCAYNE BOULEVARD | AGM, Inc. AREA UPCOMING DEVELOPMENT PROJECTS – 3,000+ RESIDENTIAL UNITS

UNDER CONSTRUCTION PROPOSED

MIDTOWN MIDTOWN

WYNWOOD EDGEWATER WYNWOOD EDGEWATER

2900 BISCAYNE BOULEVARD | AGM, Inc. 9 PROPERTY FLOOR PLAN

10 2900 BISCAYNE BOULEVARD | AGM, Inc. PROPERTY SITE PLAN NE 29TH ST

5,200 SF

BISCAYNE BOULEVARD

Subject Property Property Parcel

2900 BISCAYNE BOULEVARD | AGM, Inc. 11 NEW YORK MIAMI SEATTLE