COLLINS AVENUE COLLECTION MIAMI BEACH, FL 755 WASHINGTON AVENUE 727 COLLINS AVENUE 736 COLLINS AVENUE 745 COLLINS AVENUE RARE SOUTH BEACH HIGH STREET RETAIL INVESTMENT OPPORTUNITY COLLINS AVENUE COLLECTION THE SETAI RITZ CARLTON SLS LOEWS HOTEL LINCOLN ROAD MALL ATLANTIC OCEAN CLEVELANDER PLANET BLUE 9TH STREET LEVI’S 745 BANANA REPUBLIC ARMANI EXCHANGE H&M 8TH STREET ALDO 727 755 OCEAN DRIVE 736 PENNSYLVANIA AVENUE DASH COLLINS AVENUE SEPHORA TOMMY HILFIGER CLUB MONACO INTERMIX UGG GAP TRUE RELIGION MAC FREE PEOPLE NINE WEST VANS STEVE MADDEN TH STREET WASHINGTON AVENUE 7 THE OFFERING Holliday Fenoglio Fowler, L.P. (“HFF”) and Institutional Property Advisors (“IPA”), a division of Marcus & Millichap, have been exclusively engaged to market for sale the Collins Avenue Collection (the “Collection” or the “Properties”), a rare assemblage of four flagship retail properties and 25 apartment units in one of Miami’s most proven and successful shopping destinations, Miami Beach’s Fashion & Entertainment District. The success of the Collection stems from its central location within this vibrant shopping district which is home to an impressive roster of internationally-acclaimed retailers. It is also driven by its immediate proximity to Ocean 745 COLLINS AVENUE Drive, the beach, nearly 4,000 hotel rooms, as well as numerous entertainment, dining, and parking venues. The offering features 43,809 square feet of ground-floor and multi- level retail space as well as 25 apartment units on three levels above one of the buildings. These four signature properties have 727 COLLINS AVENUE been meticulously appointed and renovated to showcase a globally recognized tenant roster that includes retail icons such as Victoria’s Secret, Guess, Adidas, AG Jeans, and Inglot Cosmetics. A new owner will benefit from the stable income provided by these high profile tenants while substantially increasing returns by harvesting numerous near-term value enhancement opportunities. 755 WASHINGTON AVENUE OFFERING SUMMARY Address 727 Collins Ave 736 Collins Ave 745 Collins Ave 755 Washington Ave Tota l Frontage (Feet) 50’ - Collins Ave 50’ - Collins Ave 50’ - Collins Ave 150’ - Washington Ave 130’ - 8th Street Site Size (SF) 7,000 7,000 7,000 19,500 40,500 Stories 4 2 3 1 - Retail GLA (SF) 4,856 8,322 13,131 17, 5 00 43,809 Retail Occupancy 0% 100% 100% 84.6% 82.8 % Apartment Units 25 - - - 25 Property Type Mixed-Use Single-Tenant Single-Tenant Multi-Tenant - Notable Tenant(s) - Guess Victoria’s Secret Adidas, AG Jeans, - Inglot Cosmetics 736 COLLINS AVENUE COLLINS AVENUE COLLECTION investment highlights Distinctive assemblage of four flagship retail properties in one of Miami’s most proven and successful shopping districts—Miami Beach’s Fashion & Entertainment District Rare ±44,000 square feet critical mass of high street retail within Miami Beach Stable in-place income stream from internationally recognized and highly productive tenant roster comprised of Victoria’s Secret, Guess, AG Jeans, and Adidas among others Numerous tangible and near-term value enhancement opportunities including lease up, mark-to-market, tenant remerchandising, conversion of the apartments into residential condominium or hotel use, and redeveloping 755 Washington Avenue Recent Washington Avenue up-zoning has encouraged hotel/retail development and will add demand drivers in the immediate area to further drive retail sales Unique opportunity to curate tenancy and shape direction of the Fashion & Entertainment District Proven retail district home to an extensive line-up of internationally acclaimed fashion retailers including Zara, Banana Republic, Aldo, Mango, Armani Exchange, Club Monaco, Intermix, GAP, H&M, True Religion, Tommy Hilfiger, Free People, and Planet Blue, among many others Exceptional and growing retail market supported by proximity to beachfront/Ocean Drive and large concentration of hotel, entertainment uses, and parking facilities AMERICAN AIRLINES ARENA DESIGN DISTRICT/MIDTOWN DOWNTOWN MIAMI WYNWOOD/EDGEWATER VENETIAN CAUSEWAY PORTMIAMI PALM ISLAND STAR ISLAND 736 STREET 755 TH DASH ZARA 5 TOMMY HILFIGER MANGO UGG EQUINOX TRUE RELIGION WASHINGTON AVENUE AROMA FREE PEOPLE 727 BANANA REPUBLIC PLANET BLUE VANS LEVI’S COLLINS AVENUE ARMANI EXCHANGE COLLINS AVENUE GAP SEPHORA 9 TH STREET 8 GAP TH MAC STREET NINE WEST STEVE MADDEN H&M STREET TH 7 745 ALDO OCEAN DRIVE COLLINS AVENUE COLLECTION 14.6 MILLION Yearly Overnight Visitors to Miami and the Beaches 7.3 MILLION Yearly Overnight International Visitors to Miami and the Beaches 5.0 MILLION Cruise Ship Passengers Annually 75.2% of All Visitors Spend Time on Miami Beach During Their Stay 47.8% of All Visitors Stay on Miami Beach #2 Most Visited City in the U.S. by Overseas Travelers $23.8 BILLION In Direct Expenditures from Visitors in 2014 COLLINS AVENUE COLLECTION INVESTMENT CONTACTS CAPITAL MARKETS LUIS CASTILLO DANNY FINKLE NAT SCARMAZZI CHRIS DREW hfflp.com Managing Director Senior Managing Director Associate Director Managing Director [email protected] [email protected] [email protected] [email protected] 1450 Brickell Avenue (305) 448-5498 (305) 421-6544 (305) 421-6545 (305) 421-6551 Suite 2950 Miami, Florida 33131 ERIC WILLIAMS KIM FLORES JESSE WRIGHT Telephone: (305) 448-1333 Director Analyst Director Analyst Analyst Fax: (305) 448-9499 [email protected] [email protected] [email protected] (786) 532-2346 (305) 448-4778 (786) 532-2347 DREW A. KRISTOL KIRK D. OLSON 5201 Blue Lagoon Drive Senior Director Senior Director Suite 100 [email protected] [email protected] Miami, Florida 33126 (786) 522-7065 (786) 522-7064 Telephone: (786) 522-7000 Fax: (786) 522-7010 Holliday Fenoglio Fowler, L.P. (“HFF”) a Florida licensed real estate broker. HFF has been engaged by the owner of the properties to market them for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. ©2016 HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF..