Prime Allapattah Site - for Sale Redevelopment Opportunity with Suntrust Bank

Prime Allapattah Site - For Sale Redevelopment Opportunity with SunTrust Bank

Redevelopment opportunity with SunTrust Bank

1400 NW 20th Street, Miami, Florida 33125

JLL South Florida is pleased to exclusively offer for sale SunTrust’s Midtown branch bank property. An extremely important branch within SunTrust’s banking network and an established landmark serving its residential, business and government clients within this market area for over 50 years. The two plus acre site is strategically located on the southwest corner of the signalized intersection at NW 20th Street and 14th Avenue. The two main roadways connecting the emerging Allapattah area, with the Edgewater, Wynwood, Civic Center, and U-Health Medical Districts. SunTrust’s primary objective is to sell the property; while retaining ownership of a portion of the property to accommodate a new 3,200 sf. m/l., branch bank facility, with drive-thru. Secondarily, it will consider being an end-cap location in a new retail strip center or part of a ground floor retail component of a mixed-use residential development.

Stephen E. Gaunt, CCIM Eric Gaunt Senior Vice President, Brokerage Senior Associate, Brokerage +1 305 960 8413 +1 305 960 8429 [email protected] [email protected] Prime Allapattah Site - For Sale Redevelopment Opportunity with SunTrust Bank

GENERAL PROPERTY DETAILS

ADDRESS: 1400 NW 20th Street, Miami, Florida 33125

FOLIO: 01-3135-048-0010

LAND SIZE: 87,817 SF (2.01 acres)

DIMENSIONS: 319’ (NW 20 St) x 276’ (NW 14th Ave) m/I

BUILDING SIZE: 19,604 SF

ENTERPRISE ZONE: Central

BUILT: 1963

PARKING: 53 Spaces (Existing)

ZONING: T6 - 8 O, Commercial-neighborhood (City of Miami)

UTILITIES: Water, Electric, Sewer, Telephone

RE.TAXES: $50,119.51 (2016)

SALE PRICE: $6,850,000

SITE PLAN NW 20th Street

Excellent opportunity to partner with SunTrust

in Allapattah! 14thNW Avenue

DISCLAIMER Jones Lang LaSalle © 2017Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is rom sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. Prime Allapattah Site - For Sale Redevelopment Opportunity with SunTrust Bank

Santa Clara Station

22,000 ADTV

Miami Parks & Recreation Divison

Jackson Hospital

Business Summary Housing Profile VA Medical Center 1400 NW 20th St, Miami, Florida, 33142 Prepared by Esri 1400 NW 20th St, Miami, Florida, 33142 Prepared by Esri Rings: 1, 2, 3 mile radii Latitude: 25.79485 Ring: 2 mile radius Latitude: 25.79485 Longitude: -80.21978 Longitude: -80.21978 Data for all businesses in area 1 mile 2 miles 3 miles Total Businesses: 1,598 6,534 16,882 Total Employees: 46,728 96,927 215,448 Total Residential Population: 36,196 164,295 335,588 Employee/Residential Population Ratio (per 100 Residents) 129 59 64

2 Mile Radius Census 2010 2017 2022 Housing Units by Occupancy Status and Tenure Number Percent Number Percent Number Percent Total Housing Units 61,783 100.0% 67,317 100.0% 71,605 100.0% Occupied 54,456 88.1% 59,690 88.7% 63,592 88.8% Owner 12,306 19.9% 11,419 17.0% 12,047 16.8% Renter 42,150 68.2% 48,271 71.7% 51,545 72.0% Vacant 7,327 11.9% 7,626 11.3% 8,013 11.2%

Stephen E. Gaunt, CCIM Eric Gaunt Senior Vice President, Brokerage Senior Associate, Brokerage +1 305 960 8413 +1 305 960 8429 [email protected] [email protected]

September 19, 2017

Miami Beach South Beach Downtown Miami Port of Miami Edgewater Biscayne Bay

Wynwood UM - Jackson Health District

Miami Parks & Recreation VA Medical Center Division Allapattah

NW 17th Avenue

NW 20th Street

1400 NW 20th Street, Miami, Florida 33125 S Prime Allapattah Site - For Sale E W Redevelopment Opportunity with SunTrust Bank N

Coconut Grove Biscayne Bay Brickell Downtown Miami Coral Gables

Marlins Stadium Proposed Beckham Soccer Stadium Little Havana Miami River UM - Jackson

Health District NW 14th Avenue 14th NW

NW 20th Street

Allapattah

NW 12nd Avenue

1400 NW 20th Street, Miami, Florida 33125