E X C L U S I V E L A N D O F F E R I N G

LAND - MIXED-USE

DOUGLAS ROAD REDEVELOPMENT 61 NW 37th Avenue , FL 33125

OFFERING SUMMARY INVESTMENT HIGHLIGHTS Listed by:  Excellent Development Opportunity Price $3,250,000 ALEX D. ZYLBERGLAIT  Very Attractive Zoning (T6-8-O) Senior Vice President Investments  Prime Location Down Payment (100%) $3,250,000 Tel: (786) 522-7056  High Traffic Counts Fax: (786) 522-7010 License: FL BK3015211  Easy Access to Coral Gables, Downtown Lot Size (Acres) 0.8985 [email protected] Miami, SR 836 & Miami International www.marcusmillichap.com/AlexDZylberglait Airport (MIA) Price Per Acre $3,617,140 DAVE HEASLIP Associate Tel: (786) 522-7053 Buildable SF 165,000 Fax: (786) 522-7010 License: FL SL3313844 Price per Buildable SF $19.70 [email protected] www.marcusmillichap.com/DaveHeaslip

Offices Nationwide 5201 Blue Lagoon Drive, Suite 100 www.marcusmillichap.com Miami, FL 33126 • Tel: (786) 522 -7000 Fax: (786) 522 -7 0 1 0

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of © 2016 Marcus & Millichap. All rights reserved. (Activity ID: X0390248 Property ID: 2061443) 61 NW 37T H A V E N U E • M IAMI , FL 3 3 1 2 5

PROPERTY SUMMARY

Assessor's Parcel Number 01-4104-023-0500 Zoning T6-8-0, T4 L Lot Size Dimensions N/A

INVESTMENT OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a 39,140-square foot development site located at 61 NW 37th Avenue. This site is located directly on Douglas Road (37th Avenue) and is zoned commercial (T6-8-O and T4 L), which provides investors several development options. This zoning allows for the construction of approximately 110 units or 165,000 buildable square feet which can be mixed-use in nature (retail, office, multifamily, etc.). The property currently contains a 4,750-square foot building, which was previously occupied by a restaurant. The property also contains a small 1,300-square foot office building which can easily be demolished for development 5201 Blue Lagoon Drive purposes. With very limited new residential and retail/office Suite 100 inventory in the immediate area, this project is positioned to Miami, FL 33126 Tel: (786) 522-7000 be well received and strongly sought after by residents and Fax: (786) 522-7010 tenants alike. www.marcusmillichap.com The property is centrally located in Miami-Dade County, just minutes from the Miami International Airport and the Dolphin Expressway, which provides easy access to downtown Miami, Avenue, and Miami Beach. It is also strategically located near major thoroughfares, including the Palmetto Expressway, Interstate 95, and US-1.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida © 2016 Marcus & Millichap. All rights reserved. (Activity ID: X0390248 Property ID: 2061443)