900 Biscayne Bay Unit R-101A Miami, FL KEY FEATURES/HIGHLIGHTS MARCOS PUENTE > Low price point of $3,250,000 - $860 per SF C. 305 851 1947 > Strong Tenant: Corporate guarantee by Sushi Sake with 14 O. 786 517 4859 units in South Florida and over $23,000,000 in sales. [email protected] > Aggressive annual increases of 3% on 10-year lease. COLLIERS INTERNATIONAL SOUTH FLORIDA, LLC > Direct Frontage on Biscayne Blvd directly across from 801 Brickell Avenue, Suite 850# American Airlines Arena Miami, FL 33131 305 359 3690 > Additional covered patio area of +/- 600 SF for exclusive www.colliers.com/southflorida use of unit owner included with unit sale (not included in SF calculation) > Projected market rent growth as World Center, All Aboard, and neighboring developments are completed. Property Summary Asking Price $3,250,000 Address 900 Biscayne Blvd Unit R-101A, Miami, FL NOI $131,040 Cap Rate 4.03% Total Area 3,778 SF Price Per SF $860 Tenant Sushi Sake Type of Lease NNN Rent increase 3% Option 2 5-year Rent Commencement 2015 Paying Rent Since Dec. 1, 2016 Lease Term 10 years Advance Rent $18,725 Guarantee Corporate Guarantee - 14 units Security Deposit $28,725 Current Monthly Rent $10,920 FOR SALE > Prime Retail Location Colliers International is please to exclusively offer for sale the retail condominiums at 900 Biscayne Bay - Unit R-101 A (“900 Biscayne”). The property offers any investor the opportunity to purchase a world class retail corner, located on the ground floor of the 900 Biscayne Bay luxury condominium project on Biscayne Boulevard directly across from the American Airlines arena in the heart of Downtown Miami. New developments currently under construction within a short walking distance of 900 Biscayne include Paramount at Miami World Center; One Thousand Museum by the late Zaha Hadid, at which units are priced between $5,800,000 and $22,000,000; and All Aboard Florida connecting Broward, Palm Beach, and Orlando directly with Downtown Miami nearby 900 Biscayne. PURCHASE PRICE: $3,250,000 Cap Rate: 4.03% INCOME/EXPENSES Source 2016 Total Base Rent Unit PSF Sushi Sake R101-A $ 131,040 Total Base Rent $ 131,040 $ 34.69 Additional Income CAM/Association Reimbursement $ 35,280 $ 9.34 Property Tax Reimbursement $ 43,680 $ 11.56 Sales Tax Reimbursement $ 14,700 $ 3.89 Total Additional Income $ 93,660 $ 24.79 Effective Gross Income $ 224,700 $ 59.48 Operating Expenses Recoverable Expenses CAM/Association $ 35,280 $ 9.34 Property Taxes $ 43,680 $ 11.56 Sales Tax $ 14,700 $ 3.89 Total Recoverable Expenses $ 93,660 $ 24.79 NOI $ 131,040 SITE PLAN MARCOS PUENTE C. 305 851 1947 O. 786 517 4859 [email protected] B A COLLIERS INTERNATIONAL C SOUTH FLORIDA, LLC 801 Brickell Avenue, Suite 850# Miami, FL 33131 305 359 3690 www.colliers.com/southflorida.