sign in sign up
<<
Home , Brickell Avenue, Edgewater (Miami), Museum Park (Miami), Park West (Miami)

Fairholme Museum Site , 33137 2600 NE 2ndAvenue

NE 2nd Avenue AARON DEMAYO MIKA MATTINGLY Table of Contents Commercial Associate Executive Vice President 4 Investment Summary [email protected] [email protected] 6 , Paradise Found +1 305 842 9330 +1 786 486 4391 8 Miami, City of the Future 10 Transit Oriented Development 12 NE 2nd Avenue 14 Transportation Options 16 The Neighborhood 28 Comparable Sales 20 Comparable Apartment Leases 22 Comparable Retail Leases 24 Comparable Office Lease 26 Development Potential 35 & City Views

Proposed Tri-Rail Station

2 OFFERING 3 MEMORANDUM View East toward Biscayne Bay Investment Summary

Garden Station is a 14,153 SF property located on the corner of 26th street and NE 2nd Avenue in Miami’s very popular Edgewater neighborhood, booming with development in all directions.

NE 2nd Avenue is the north to south spine, connecting multiple neighborhoods. A new Tri-Rail station is proposed less than 500’ away from the site which will offer quick access north and south, and one stop away from downtown.

The property has an established income producing tenant in place which will keep sustained income before development. A development can be built up to 20 stories, including 141,400 SF of commercial, residential, office, hospitality, or many other uses.

Address: Land Size: 2600 NE 2nd Avenue, Miami 14,153.8 SF Florida 33137

Fairholme Museum Site Density: Zoning: 150 D/U Per Acre = T 6-12 O 48 Residential Units or Build up to 20 stories 97 Hotel Units

Parcel Number: Price: 01-3125-007-0210 $5,600,000

4 OFFERING 5 MEMORANDUM PARADISE FOUND Edgewater A Privileged Location

Nestled between Downtown, , Midtown, the Design District, and Bis- cayne Bay, is the beautiful neighborhood of Edgewater. This special location is the northern third of Downtown Miami yet differentiates itself and is charac- terized by a much stronger sense of community and neighborhood ambiance.

This unique location is perfect to create a residential oasis to retreat to from the hustle and bustle of the city, for an office building still near Downtown Mi- ami and with a direct transit connection, but without the difficult traf- fic of just a couple miles to the south, or for a hotel in the middle of the most preferred neighborhoods in Miami.

Amara Paraiso Plant Miami

6 OFFERING 7 MEMORANDUM Miami City of the present, city of the future

8 OFFERING 9 8 MEMORANDUM View South toward Downtown Miami Incredible Development Potential A new Tri-Rail station is proposed on NE 27th Street. Tri-Rail is a commuter Rail Line currently with 18 stations serving Miami Dade, Broward and Palm Beach counties. The 27th Street station will most likely be one stop from Downtown Miami’s new Miami Central station. One stop to Downtown Miami Future Tri-Rail Station

Fairholme Museum Site Roughly 50’ tall, allowing for great views from Garden Station toward the bay

10 OFFERING 11 MEMORANDUM NE 2nd Avenue Connecting Communities

NE 2nd Avenue is a major north-south thoroughfare connecting dozens of communities and leading straight into the Central Business District of Miami.

Garden Station is located on the prominent corner of NE 26th Street and NE 2nd Avenue. The portion of NE 2nd Avenue that passes through Edgewater is two lanes in each direction and accommodates a daily vol- ume of 12,000 vehicles in each direction. This extensive car volume will encourage high rent for a commercial space located at the base of new development. NE 2nd Avenue is one of the three main streets leading south in Downtown Miami, along with and Bis- cayne Boulevard which has a daily volume of 35,000 cars in each direction.

Heading South from the Garden Station, NE 2nd Avenue passes the Arts and Entertainment District, the Adri- enne Arsht Center for the Performing Arts, , through Downtown Miami, and then becomes the Prom- inent as it passes over the .

Heading North from Garden Station, NE 2nd Avenue pro- vides access to Midtown, the Design District and I-95. After passing NE 36th Street, NE 2nd Ave splits to also become NE 4th Court, which later leads into Biscayne Boulevard on NE 54th Street.

12 OFFERING 13 MEMORANDUM Transportation A Connected City Garden Station has incredible transit options. A highly anticipated Tri- Rail station will be located 500’ away that will offer fantastic opportu- nities for people to get around quickly, easily and efficiently.

Biscayne Line & The Bay Walk are prominent waterfront prome- nades that run along Biscayne Bay. The walkways connect Edgewa- ter to Downtown as well as some of Miami’s finest cultural destina- tions along the way. It leads along the Miami River and loops around Brickell, and will ultimately stretch 15 miles.

Locally there are dozens of places to visit within walking distance. The Biscayne Corridor Miami Trolley operates in Midtown, along NE 29h street to Biscayne Boulevard, South to Omni Station, through downtown to the Brickell Metrorail/ station, through Bric- kell and back. There are two stops one block east of Garden Station. Additionally, Miami Dade Bus routes 3, 9, 10 and 16 pickup and drop- off within a block of Garden Station.

Rapid Transit is also very convenient at Garden Station. The proposed Tri-Rail station 500’ away from the property will act as a Local, as well as a Rapid Transit Option allowing access north and southbound. It will quickly move people to Miami Central Transportation Hub in the heart of downtown, a dynamic location that houses the convergence of the Tri-Rail Service, , Metro Mover, and Metrorail!

Regionally & Globally, Miami is well connected. Miami Beach is only 4 miles to the east across beautiful Biscayne Bay, accessible by i-195, i-395, or the scenic . Miami International Airport is 15 minutes to the west, easily accessed by the i-195 entrance ten blocks to the north, or directly by the Metrorail and Tri-Rail, and Fort Lauderdale international airport is a 45 minutes’ drive north. The new Tri-Rail connection will also lead directly to the Airport.

15 OFFERING 14 OFFERING 15 MEMORANDUM The Neighborhood Endless Amenities

Within walking distance of Garden Station are dozens of restaurants, bars, cafes, shops, entertainment and cultural spaces. Additionally, Garden Sta- tion is easily within reach of all of Miami’s most desired neighborhoods with countless high-end boutiques in the Design District, the largest outdoor mu- ral in the world at Wynwood, and brand-new entertainment and shopping venues opening soon at Miami World Center and River Landing.

Parks and Open Space Restaurants & Bars > > Sugarcane > Biscayne Park > Amara > Omni Park > Beaker & Gray > > Lagniappe > Dorsey Park > Michael’s Genuine > Roberto Clemente Park > NOA Cafe > Icon Bay Park > 1-800-Lucky > Paraiso Bay Park > Pant Miami > Albert Pallot Park > Kush > Biscayne Bay Walk > Le Chick

Cultural and Entertainment Shopping & Services > Adrienne Arsht Center > Design District > Knight Concert Hall > Midtown Shops > Frost Museum of Science > Miami Worldcenter > Perez Art Museum Miami > Wynwood > American Airlines Arena > Brickell City Center > Miami Children’s Museum > > Rubell Family collection > River Landing > Wynwood Walls > Upper

17 OFFERING 16 OFFERING 17 MEMORANDUM 2500 Biscayne Boulevard New retail space, (under new apartment building not included in sale) Building Size: 12,800 SF Sold: 2/15/2018

Price: $7,000,000 NE 2d Ave Price PSF BLDG: $546 NE 27th St Biscayne Blvd 2511 Biscayne Boulevard Assemblage Business Name: Son Center Church Commercial Space + Parking 2600 NE 2nd Ave Building Size: 5,955 SF Lot Size: 14,153 NE 26th Ter Lot Size: 22,400 SF Zoning: T 6-12 O Zoning: T 6-36a O Price: $5,600,000 Sold: 2/15/2018 Tri-Rail Station Price PSF Land: $395 Price: $9,700,000 Price PSF Bldg : $1,628 Price PSF Land : $433 NE 26th St

2500 NE 2nd Ave & 169 NE 25 ST Business Name: Sanchez Coleman Studio 2501 Biscayne Boulevard Assemblage Class C Retail, Parking, Single Family home Business Name: Latin Cafe Building Size: 8,856 SF +1,355 SF Restaurant and parking NE 25th St Lot Size: 8,500 SF + 7,025 SF Building Size: 5,194 SF Zoning: T 6-12 O Lot Size: 25,851 SF Sold: 3/13/2017 Zoning: T 6-36a O Price: $6,000,000 Sold: 2/17/2016 Price PSF Bldg : $516 Price: $13,000,000 Price PSF Land : $386 Price PSF Bldg : $2,502 NE 24th St Price PSF Land : $502

2400 NE 2nd Ave 2400 NE 2nd Ave Business Name: Camerich Furniture Business Name: KOM Furniture Building Size: 7,473 SF Retail and parking Lot Size: 13,372 SF Building Size: 7,473 SF Zoning: T 6-12 O Lot Size: 13,372 Sold: 8/31/2017 NE 23rd St Zoning: T 6-36a O Price: $6,000,000 Sold: 8/31/2017 Price PSF Bldg : $803 Price: $6,000,000 Comparable Sales Comparable Price PSF Land : $449 Price PSF Bldg : $803 Price PSF Land : $449

18 OFFERING 19 MEMORANDUM Comparable Apartment Leases

Proposed Tri-Rail Station

Midtown Five - 3201 NE 1st Avenue Midtown 29 - 180 NE 29th Street Studio - 538 SF to 689 SF Studio - 560 SF - 582 SF $1,998 to $2,213, $1,850 to $1,910 $3.44 PSF average $3.30 PSF average One Bedroom - 767 SF - 813 SF One Bedroom - 571 SF - 907 SF Eve at the District - 335 NE 1st Ave $2,193 to $2,471 $2,000 - $2,600 One Bedroom - 695 SF - 775 SF $2.84 PSF average $3.06 PSF average 2500 Biscayne - 2500 Biscayne Blvd $2,198 to $2,491 Two Bedroom - 1,177 SF - 1,299 SF Two Bedroom - 1,008 SF - 1,209 SF One Bedroom - 715 SF - 970 SF $3.06 PSF average $3,146 - $3,681 $2,765 to $3,445 $2,073 to $2,389 Two Bedroom - 1,177 SF - 1,299 SF $2.72 PSF $2.84 PSF average $2.65 PSF average $2,905 - $4,200 Three Bedroom - 1,374 SF Three Bedroom - 1,396 SF Two Bedroom - 1,060 SF - 1,284 SF $2.93 PSF average $4,399 $$4,350 to $4,600 $2,605 to $3,720 Three Bedroom - 1,779 SF $3.20 PSF $3.19 PSF average $2.78 PSF average

20 OFFERING 21 MEMORANDUM 2695 Biscayne Boulevard 2800 NE 2nd Avenue Business Name: Papa Johns Renovated one story retail Building Retail Space

Leased SF: 3,107 SF NE 2d Ave Leased SF: 1,100 SF Rent/SF/Year: $60/NNN Biscayne Blvd NE 27th St Rent/SF/Year: $70.91/NNN Lease Date: 1/03/2018 Lease Date: 3/01/2017

NE 26th Ter

NE 26th St

NE 25th St 2400 NE 2nd Ave 2401 Biscayne Boulevard Business Name: Camerich Furniture Business Name: Vicky Victoria Boutique Renovated Building, retail with office above Retail Space Leased SF: 5,796 SF Leased SF: 900 SF Rent/SF/Year: $55/MG Rent/SF/Year: $52/NNN Lease Date: 1/15/2018 Lease Date: 6/22/2017 NE 24th St

2318 NE 2nd Ave Business Names: Jet Surf, Iron and Steam, NE 23rd St Bunnie Cakes, Amor Di Pasta New retail building Total SF: 6,617 SF Rent/SF/Year: $50/NNN Comparable Retail Leases Comparable 22 OFFERING 23 MEMORANDUM 4770 Biscayne Boulevard 3550 Biscayne Boulevard 3301 NE 2nd Avenue Seventh floor office Recently renovated office Ground floor office Size: 2,000 SF Size: 2,649 SF Size: 4,500 SF Rent/SF/Year: $54.00/fs Rent/SF/Year: $42.00/fs Rent/SF/Year: $40.00/NNN Start Date: 05/02/2016 Start Date: 05/11/2016 Start Date: 03/16/2018

3050 Biscayne Boulevard 2800 Biscayne Boulevard 2915 Biscayne Boulevard Ninth floor office Ninth floor office Second floor office Size: 4,459 SF Size: 5,113 SF Size: 7,140 SF Rent/SF/Year: $42.00/mg Rent/SF/Year: $35.00/fs Rent/SF/Year: $35.00/mg Start Date: 12/19/2016 Start Date: 05/31/2016 Start Date: 08/02/2016 Comparable Office Leases Office Comparable 24 OFFERING 25 MEMORANDUM Development Potential Planning & Zoning Information Maximum Building Envelope Lot Disposition Lot Coverage: 80% max = 11,323.04 SF This design shows the maximum Floor Lot Ratio: 8 / 30% Additional Public Benefit 113,230 + 33,969 = 147,199 SF potential building envelope, totaling Density: 150 du/ac max 48 residential units or 97 hotel 141,400 SF, 20 stories, and 240’ tall. Building Setback Principal Front: 10 ft. min; 20 ft. min above 8th story Secondary Front: 10 ft. min; 20 ft. min above 8th story Levels 9 through 20 Side: 0 ft. min; 30 ft. min above 8th story 20’ setback on primary & secondary Rear: 0 ft. min; 30 ft. min above 8th story frontage, 30’ setback on side and rear, 4,200 SF potential floor plate, up to 14’ ceiling height Development Potential

Levels 2 through 8 The following pages contain conceptual massing diagrams of potential building configurations for 10’ setback on primary & secondary various typologies, including commercial/retail space on the ground floor of each proposal, parking frontage, up to 14’ ceiling height, 10,920 SF on the next floors, then residential, office or hospitality. Garden Station is within a Transit Corridor, potential floor plate and with the addition of the Tri-Rail station nearby this can become a vibrant Transit Oriented De- velopment. A standard 30% parking reduction has been applied to most of the schemes shown. Level 1 Development without parking reductions is possible, as well as even larger reductions of up to 50%. 10’ setback on primary & secondary front- These diagrams are for demonstrative purposes only, many other configurations and outcomes can age, up to 25’ ceiling height, 10,920 SF be achieved on this property. potential floor plate

Miami 21 Zoning Code Chapter 5.6 Urban Core Transect

BuildingBuildingBuilding Placement PlacementPlacement ParkingParkingParking Placement PlacementPlacement BuildingBuildingBuilding Height HeightHeight

Max. Max.Max. Bene t Bene tBene t 20 2020 Secondary FrontSecondarySecondary Front Front Secondary FrontSecondarySecondary Front Front 1st 1st1st 1st 1st1st Height HeightHeight 20’ min. 20’20’ min. min.10’ min. 10’10’ min. min. Layer LayerLayer Layer LayerLayer 13 13 25’min. 25’min.25’min. 50% max. 50%50% max. max. Max. Max.Max. 13 2nd & 3rd 2nd2nd & & 3rd 3rd 2nd & 3rd 2nd2nd & & 3rd 3rd Height HeightHeight 12 1212 Layer LayerLayer Layer LayerLayer 10’ min. 10’ min. 10’ min. 0’ min. 0’0’ min. min. 0’ min. 0’0’ min. min. 30’ min. 30’30’ min. min. 9 99 20’ min. 20’20’ min. min. 25’ min. 25’25’ min. min. 8 88 30’ min. 30’30’ min. min. 7 77 6 66 15’ min. 15’15’ min. min. 30’ min. 30’30’ min. min. 5 55 4 44 0’ min. 0’0’ min. min. 0’ min. 0’0’ min. min. 3 33 Max. Max.Max. Height HeightHeight 2 22 0’ min. 0’0’ min. min. Principal Front Principal Principal Front Principal Principal Front Principal Principal Front Principal Principal Front Principal Principal Front Principal 1 11 1st 2nd 1st1st 2nd2nd 3rd 3rd3rd 1st 2nd 1st1st 2nd2nd 3rd 3rd3rd ABUTTING SIDE & REAR ALL ZONES EXCEPT T5, T4 & T3 Layer Layer LayerLayer LayerLayer Layer LayerLayer Layer Layer LayerLayer LayerLayer Layer LayerLayer ABUTTING SIDEABUTTING & REAR ALL SIDE ZONES & REAR EXCEPT ALL ZONES T5, T4 & EXCEPT T3 T5, T4 & T3

26 OFFERING 27 MEMORANDUM Development Potential Development Potential Residential Scheme 1 Residential Scheme 2

This design maximizes each floor plate, pro- This design maximizes the potential floor area Levels 9 - Amenity + Residential Units Levels 5 through 20 ducing the maximum units allowed, in the least available, to achieve the most sellable residential 3,500 SF floor plate, up to 3 residential 4,200 SF floor plate, 3 units per floor, each floors with efficient units of 700 to 980 SF. SF. units + indoor amenity space, + roof terrace one is a corner unit - 9 levels, 98’ tall - 20 levels, 208’ tall amenity space - 48 units, 21 two bedroom, 27 one bedroom - 48 large units Level 4 - Amenity - 7,200 SF commercial/retail - 7,200 SF commercial/retail Levels 4 through 8 - Residential Units 4,200 SF floor plate + roof terrace amenity - 63 parking spaces, utilizes a TOD 30% park- - 63 parking spaces, utilizes a TOD 30% parking 9,220 SF floor plate (7,820 SF residential + space ing reduction (24 additional spaces possible 1,400 SF circulation), 4 two bedroom units, reduction (24 additional spaces possible with lifts) 5 one bedroom units with lifts) Level 3 - Parking - Amenity deck - Large amenity deck 10,050 SF floor plate, 23 standard parking - 82,620 total SF Level 3 - Parking - 129,520 total sf spaces + 8 tandem parking spaces 10,050 SF floor plate, 23 standard parking spaces + 8 tandem parking spaces Level 2 - Parking 10,050 SF floor plate, 20 standard parking Level 2 - Parking spaces + 8 tandem parking spaces, large 10,050 SF floor plate, 20 standard parking deck with trees, 700 SF Commercial spaces + 8 tandem parking spaces, large Terrace deck with trees, 700 SF Commercial Terrace Level 1 - Lobby, Retail, BOH 18’ ceiling height, 12,920 SF total floor plate Level 1 - Lobby, Retail, BOH (6,500 SF commercial/retail space, 1,250 18’ ceiling height, 12,920 SF total floor plate SF Lobby & 5,170 SF back of house and (4,500 SF commercial/retail space, 1,250 parking), 4 on street parking spaces SF Lobby & 5,170 SF back of house and parking), 4 on street parking spaces

NE 2nd Ave NE 2nd Ave

NE 26th St NE 26th St

28 OFFERING 29 MEMORANDUM Development Potential Development Potential Office Scheme 1 - Maximize potential Office Scheme 2

This design maximizes the potential floor area This design creates a uniform office tower on each Levels 9 through 20 Levels 6 though 20 - Office available to achieve the most sellable office SF. floor. 12’ ceiling height, 4,200 SF floor plate 12’ ceiling height, 4,200 SF floor plate - 20 levels, 236’ tall - 20 levels, 234’ tall - 7,200 SF commercial/retail - 7,200 SF commercial/retail Level 7 & 8 - Office Level 5 - Parking - 154 parking spaces, utilizes a TOD 30% park - 119 parking spaces, utilizes a TOD 30% parking 12’ ceiling height, 9,000 SF floor plate 9’ ceiling height, 10,050 SF floor plate, 23 ing reduction (48 additional spaces available reduction (48 additional spaces available with lifts) standard parking spaces + 8 tandem parking with lifts) - Large deck spaces - 131,570 total SF Levels 6 - Parking - 116,120 SF 14’ ceiling height, 10,050 SF floor plate, 19 standard parking spaces + 7 tandem parking Levels 2 through 4 - Parking spaces, + 12 lift spaces 9’ ceiling height, 10,050 SF floor plate, 20 standard parking spaces + 8 tandem parking Levels 2 through 5 - Parking spaces 9’ ceiling height, 10,050 SF floor plate, 20 standard parking spaces + 8 tandem parking Level 1 - Lobby, Retail, BOH 18’ ceiling height, 10,920 SF total floor plate spaces (6,500 SF commercial/retail pace, 1,250 SF Lobby & 5,170 SF back of house and park- Level 1 - Lobby, Retail, BOH 10,920 SF total floor plate (6,500 SF com- ing), 4 on street parking spaces mercial/retail space, 1,250 SF Lobby & 5,170 SF back of house and parking), 4 on street parking spaces

NE 2nd Ave NE 2nd Ave

NE 26th St NE 26th St

30 OFFERING 31 MEMORANDUM Development Potential Development Potential Hotel Scheme 1 Hotel Scheme 2

This design creates a uniform hotel lay- This design maximizes elevates the Levels 10 & 11 - Hotel Penthouse Rooms Level 5 though 15 - Hotel Rooms amenity deck to the 9th floor, maximizes out on each floor which allows for more 12’ ceiling height, 4,200 SF floor plate, 6 10’ ceiling height, 4,200 SF floor plate, 9 the most units and SF on lower levels. units at high elevation for maximized rooms per level rooms per level - 11 levels, 122’ tall views, above a fourth floor amenity deck

- 97 units Level 9 - Amenity Deck & Restaurant with restaurant. Level 4 - Amenity Deck & Restaurant - 9,200 SF commercial/retail 12’ ceiling height, 4,200 SF floor plate with - 15 levels, 158’ tall 12’ ceiling height, 4,200 SF floor plate with - 63 parking spaces, no reduction needed restaurant & gym, large amenity deck - 9,200 SF commercial/retail restaurant & gym, large amenity deck - Large amenity deck - 63 parking spaces, no reduction needed - 86,570 total SF - Large amenity deck Levels 4 through 8 - Hotel rooms Level 3 - Parking - 83,420 total SF 10’ ceiling height, 7,350 SF floor plate, 17 9’ ceiling height, 10,050 SF floor plate, 23 rooms per level standard parking spaces + 8 tandem parking spaces Level 3 - Parking 9’ ceiling height, 10,050 SF floor plate, 23 Levels 2 - Parking standard parking spaces + 8 tandem parking 9’ ceiling height, 10,050 SF floor plate, 20 spaces standard parking spaces + 8 tandem parking spaces, large deck with trees, 700 SF Levels 2 - Parking Commercial Terrace 9’ ceiling height, 10,050 SF floor plate, 20 standard parking spaces + 8 tandem parking Level 1 - Lobby, Retail, BOH spaces, large deck with trees, 700 SF 18’ ceiling height, 10,920 SF total floor plate Commercial Terrace (6,500 SF commercial/retail pace, 1,250 SF Lobby & 5,170 SF back of house and park- Level 1 - Lobby, Retail, BOH ing), 4 on street parking spaces 18’ ceiling height, 10,920 SF total floor plate (6,500 SF commercial/retail space, 1,250 SF Lobby & 5,170 SF back of house and parking), 4 on street parking spaces

NE 2nd Ave NE 2nd Ave

NE 26th St NE 26th St

32 OFFERING 33 MEMORANDUM THIS IS A CONFIDENTIAL MEMORANDUM intended solely for your limited use to determine whether you wish to express any further View North on NE 2nd Ave interest in the Property. This confidential memorandum contains brief, selected information about the business and affairs of the Property and has been prepared by Colliers International , LLC, primarily from information supplied by the Owner. Although representatives of the Owner have reviewed this confidential memorandum, it does not propose to be all-inclusive, nor does it contain all the information which a prospective purchaser may require or desire. Neither the Owner, nor any of its officers, directors, employees or agents, nor Colliers International South Florida, LLC, makes any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential memorandum or any of its contents, and no legal liability is assumed or is to be implied by any of the aforementioned with respect thereto. Prospective offers are advised to verify the information independently. The Owner reserves the right to change the price or any information in this Memorandum or to withdraw the Property from the market at any time, without notice. This confidential memorandum shall not be deemed an indication of the state of View North of Garden Station affairs of the Property or the Owner, nor shall it constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this memorandum. By your receipt of this confidential memorandum, you agree that the information contained herein is of a confidential nature and you will not disclose this memorandum or any part of the contents to any other person, firm or entity without prior authorization from Colliers International South Florida, LLC.

OFFERING PROCEDURE Offers should be submitted in the form of a standard non-binding Letter of Intent, which can be found on the Colliers International Document Center, and must specify the following: Price (Call for pricing guidance), Length of Inspection Period, Length of Closing Period, Amount of earnest money deposit at the execution of a Purchase and Sale Contract, and Amount of additional deposit upon expiration of Inspection Period.

View South over block of Garden Station

Colliers International South Florida, LLC 801 Brickell Avenue | Miami, FL 33131 This document has been prepared by Colliers International for advertising and general in- formation only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliabil- ity. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers Inter- national excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2018. All rights reserved.

34 OFFERING 35 MEMORANDUM AARON DEMAYO MIKA MATTINGLY Commercial Associate Executive Vice President [email protected] [email protected] +1 305 842 9330 +1 786 486 4391