Allapattah Development Site Exclusively Listed
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Allapattah Development Site Miami, FL 33142 0.7 Acre Parcel Rendering of 102 Units Shown Deme Mekras Elliot Shainberg CEO, Managing Partner Managing Partner Exclusively Listed By: Direct: 786.671.0149 Direct: 786.671.0151 [email protected] [email protected] Allapattah Development Site | 2137 NW 36th Street Table of Contents Confidentiality Disclaimer Property Description................................................................................ 3 This is a confidential Offering Memorandum intended solely for your limited use and benefit in de-termining whether you desire to express further interest into the acquisition of the Subject Property. This Offering Memorandum contains selected information pertaining to the Property Financial Analysis.................................................................................... 17 and does not purport to be a representation of state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information which prospective investors may Land Sales Comparables......................................................................... 21 require to evaluate a pur-chase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition, and other factors beyond the control of Rent Comparables................................................................................... 25 the Owner or MSP Group ,LLC. Therefore, all projections, assumptions, and other information provided and made herein are subject to material variation. All references to acreages, square About MSP Group.................................................................................... 32 footages, and other measurements are approxima-tions. Additional information and an oppor- tunity to inspect the Property will be made available to all interested and qualified prospective purchasers. Neither the Owner or MSP Group, LLC. , nor any of their respective directors, offi- cers, affiliates or representatives are making any representation or warranty, expressed or im- plied, as to the accuracy or completeness of this Offering Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Offering Memorandum or use of its contents; and you are to rely solely on your own inves-tigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Offering Mem-orandum. The Owner shall have no legal commit-ment or obligation to any entity review-ing this Offering Memoran- dum or making an offer to purchase the Prop-erty unless and un-til written agreement(s) for the purchase of the Property have been fully executed, delivered, and approved by the Owner and any obligations therein have been satisfied or waived. By receipt of the Offering Memorandum, you agree that this Offering Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Offering Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or MSP Group, LLC. Furthermore , you agree not to use this Offering Mem-oran- dum or any of its con-tents in a manner detrimental to the interest of the Owner or MSP Group, LLC. In this Offering Memorandum, certain documents, including leases and other materi- als, are de-scribed in summary form. These summaries do not purport to be complete nor necessarily accu-rate descriptions of the full agreements referenced. Interested parties are so advised and expect-ed to review all such summaries and other documents of whatever nature independently and not to rely on `the contents of this Offering Memoran-dum in any manner. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MSP Group, LLC AGENT FOR MORE DETAILS 2 | MSP Group LLC | 7480 Bird Road, PH 830, Miami, FL 33155 | www.MSPGroup.com Follow Us Allapattah Development Site | 2137 NW 36th Street Property Description 3 | MSP Group LLC | 7480 Bird Road, PH 830, Miami, FL 33155 | www.MSPGroup.com Follow Us Allapattah Development Site | 2137 NW 36th Street Property Description Description Property Name: Allapattah Development Site Address: 2137 NW 36th Street City, State Zip: Miami, FL 33142 County: Miami-Dade Folio: 01-3122-036-0121 0130, 0135, 0140 Proposed Units: 102 Proposed Square Feet: 68,797SF Year Built: TBD Lot Size (Acres): 0.70 # of Buildings: 2 # of Stories: 5 HVAC: Central Proposed Parking: 134 Spaces More Details The Allapattah Development Site offering is for a 30,520 SF parcel of land located at Miami on the whole is known on the global scene as a place to be for both work 2137 NW 36th Street in Miami’s surging Allapattah neighborhood. The land is zoned and play; however the Allapattah neighborhood specifically has exploded onto the T6-8-O, one Miami’s most liberal designations which allows for a myriad of uses investment scene only just recently. Located in between Miami International Airport to the west and Wynwood, the Miami Design District and Edgewater to the east, sets including residential, commercial, mixed-use and hotel. The site’s proximity to the the stage for all of Allapattah to be the recipient of the “spillover” from the billions of County’s biggest economic engines (Miami International Airport and Port Miami), dollars of activity that surrounds it. Red hot Wynwood is only an 8 minute car ride to numerous major employment centers and excellent access to highways and public the east of the subject property. Wynwood land values and rents have skyrocketed transit makes the site ideal for investors looking to get a piece of Miami’s massive and the trend is pushing westward. Allapattah represents one of the last bastions growth. of value in Miami proper and investors that want to get in before it’s too late need to move quickly before the window of opportunity slams shut! 4 | MSP Group LLC | 7480 Bird Road, PH 830, Miami, FL 33155 | www.MSPGroup.com Follow Us Allapattah Development Site | 2137 NW 36th Street Aerial N Miami Design Subject Property District NW 36th Street Wynwood Allapattah NW 22nd Ave 22nd NW NW 12th Ave 12th NW NW 27th Ave 27th NW NW 20th Street Edgewater $33.7 Billion annual revenue & 282,724 jobs $2 Billion mixed- use project $380 Million mixed- use project Overtown NW 42nd Ave/S Le June Rd June Le Ave/S 42nd NW 9,800 jobs Blue Lagoon Downtown Office Park W Flagler Street SW 8th Street $41 Billion eco- nomic impact Brickell & 324,353 jobs Coral Gables 5 | MSP Group LLC | 7480 Bird Road, PH 830, Miami, FL 33155 | www.MSPGroup.com Follow Us Allapattah Development Site | 2137 NW 36th Street Allapattah Overview Is Allapattah the next hot Jackson Memorial Hos- Threefold cafe to open Investors pick up develop- Miami neighborhood pital files building permit new concept in ment sites in for $174M rehab center Allapattah & more Allapattah and Miami River “It’s the newest chapter in the “Jackson Memorial Hospital is “Threefold Cafe and Relentless “Two development sites on the by-now familiar Miami story of moving forward with its plans Roasters are joining forces to Miami River and in Allapattah gentrification” to build a $174 million paraly- launch a new concept in Alla- sold” sis rehabilitation hospital in its pattah” Miami Health District campus” http://www.miamiherald.com/real-es- https://therealdeal.com/mi- https://therealdeal.com/mi- https://therealdeal.com/mi- tate/article131584324.html ami/2018/04/26/jackson-memo- ami/2018/04/12/the-weekly-dish- ami/2018/03/12/investors-pick-up- rial-hospital-files-building-per- threefold-cafe-to-open-new-concept- sites-in-allapattah-and-miami-river/ Miami’s 13 most walkable Mixed-use $380M project on Allapattah assemblage sells neighborhoods Miami River near Health Dis- for $3.1M “Allapattah is very walkable” trict begins construction “H&R REIT’s presentation estimated “An assemblage of four parcels just the construction cost of River Landing sold for $3.1 million in Allapattah, as at $380 million, plus average apartment investors continue to target the gritty rent of $2.40 ” Miami neighborhood west of Wynwood for redevelopment” September 19, 2017 https://miami.curbed.com/2017/9/19/16308928/ https://www.bizjournals.com/southflorida/ https://therealdeal.com/miami/2017/04/11/alla- miamis-most-walkable-neighborhoods news/2017/07/17/mixed-use-380m-project-on- pattah-assemblage-sells-for-3-1m/ miami-river-near-health.html 6 | MSP Group LLC | 7480 Bird Road, PH 830, Miami, FL 33155 | www.MSPGroup.com Follow Us Allapattah Development Site | 2137 NW 36th Street Allapattah Overview Allapattah: Miami’s next Allapattah -- emerg- California firm buys Miami beach developer Wynwood? ing neighborhood: ULI Section 8 apartments in pays $16M for Allapattah event Old Miami neighborhood is Allapattah for $25M warehouses “It’s the last undeveloped urban “in one of Miami’s oldest neigh- “Allapattah, which is west of “The burgeoning neighbor- core neighborhood of Miami borhoods that’s in the middle of Wynwood, has seen a surge hood,..., is hiding in plain sight” proper,” explains city historian a real estate boom” of commercial investment in Paul