VILLAGIO DI LAS OLAS Offering Memorandum 1103-1111 E Las Olas Blvd Ft Lauderdale FL 33301 Morgan Whitney | Commercial Division 235 Lincoln Rd Suite 307| Miami Beach FL 33139 1110 Brickell Ave Suite 102| Miami FL 33131 T. 305-345-3738 | F. 305-675-0461| Off. 888-335-8585
[email protected] - www.morganwhitney.com VILLAGIO DI LAS OLAS I N V E S T M E N T H I G H LI G H T S Representative Photo LOCATION PROPERTY TENANTS ✓ Prime Location on Las Olas Blvd ✓ Mixed use – Restaurants and office ✓ 3 well known Restaurants current with waterfront Spaces operating ✓ Close proximity to downtown and Ft ✓ Covered parking managed by Asta ✓ 2 Office Spaces Lauderdale Beach Parking ✓ Strategically Located Property, ✓ Attractive Rental Escalations | 4.00% ✓ Long term history of 100% occupancy well Positioned Within A Percent Rental Increases Annually with little turnover Dense Retail Corridor ✓ Stable Tenant Mix ✓ Walking distance to retail and ✓ Well maintained property on high banks visibility road ✓ Strong Traffic Counts | Average ✓ Property Size: 26,780 Sq. Ft. daily traffic count +/- 22,000 cars per day ✓ Close proximity to Ft Lauderdale - Hollywood International Airport and major highways such as I-95, 595 and Florida Turnpike. 1103-1111 E Las Olas Blvd. Ft Lauderdale FL 33301 Financial Analysis ✓ PRICE $7,499,000 ✓ CAP 5.1% ✓ RENT $469,488.00 Property Description Property Villagio Di Las Olas Property Address 1103-1111 E Las Olas Blvd City, State, ZIP Ft Lauderdale FL 33301 Folio 5042 11 07 0970 Building Size (Square Feet) 26,780 Primary Zone Mixed use – store and office or store and residential or residential combination Floors: 2 Units 3 Restaurants, 2 office spaces Parking 27 covered parking Year Built 1968 The Offering Purchase Price $7,499,000.00 CAP Rate 5.1% Annual Rent $469,488.00 Price / SF $280.02 Villagio Di Las Olas Financials Asking Price: $7,499,000.00 principles of Services, Inc.