Miami Beach Biscayne Bay For Sale: Executive Summary Quantum on the Bay Commercial Portfolio PROPERTYExclusively Represented by: Miami, FL North View of Edgewater District WYNWOOD EDGEWATER Biscayne Bay Margaret Pace Park EXECUTIVE SUMMARY | 2 The Offering Quantum on the Bay Portfolio NNN Secure Passive Income Opportunity Asking Price $6,240,000 Transwestern has been retained on an exclusive basis to arrange the sale of Quantum on the Bay Location the Quantum on the Bay Commercial Units (“the Property”), a four 1900 N. Bayshore Drive condominium unit project 100% leased to tenants with a long-term track record of success. The Location is in the landmark Quantum on the Bay City, State Downtown Miami, Florida 33132 residential condominium located in the prestigious Edgewater neighborhood Year Built 2008 of Downtown Miami. The units also include 55 storage units and 23 parking spaces as well as free valet parking for tenants and their clients. Size NRA 6,902 SF The Tenants – Essential Businesses Leased 100% 1) Quantum Executive Office http://www.quantumoffices.com/ Parking Free valet parking 2) YSV Salon https://www.facebook.com/ysvsalon Quantum Executive Offices: 4,057 SF 3) The Center for Excellence in Dentistry. VSV Hair Salon: 1,250 SF Major Tenants http://www.centerforexcellenceindentistry.com/ Excellence in Dentistry: 1,595 SF TOTAL 6,902 SF All successfully businesses and paying rent. Loan to Assume $3,341,735 as of October 2020 Assumable Financing Seller offering loan of 10% of A buyer is required to assume the existing loan of $3.3 million at an interest PMM Loan Purchase price $6,240,000 at 3% rate of 4.77%. In addition, the seller is offering to provide an additional 10% interest rate. PMM at an interest only rate of 3% at the discretion of a buyer. In-Place NOI $405,413 Jan 2021 Ready to Assume Financing Attractive CBD Waterfront Location Diversified Established Tenancy Passive Investment – Perfect 1031 Exceptional Walkable Amenities EXECUTIVE SUMMARY | 3 South View of Miami CBD BRICKELL $4.0 Billion Project $3.2 Billion Project Biscayne Bay Margaret Pace Park EXECUTIVE SUMMARY | 4 1 .5% Buyer Broker Commission Price and Returns Quantum Commercial Condos ASK PRICE Cap Rate 6.50% Plug N Play Financing Option Price $6,240,000 • An existing CMBS loan is to be assumed as part of the Price/SF $904.09 transaction. NOI $405,413 • $3.3 million existing balance. Debt Service (216,461) Cash Flow $188,952 • 4.77% interest rate. PMM Debt Service ($18,720) • P&I Payments. Cash Flow with PMM $170,232 Levered Returns Seller Purchase Money Mortgage Loan $3,341,735 Enhanced Returns Equity $2,898,265 The seller is offering to provide an additional 10% of the • LTV 54% purchase price PMM. Cash on Cash Before PMM 6.52% • Attractive interest rate of only 3%. 10% Seller Financing $624,000 PMM Debt Service ($18,720) • Interest Only payments. Total Loan Existing + PMM $3,965,735 • PMM at the discretion of a buyer, not required. Total Equity to Close $2,274,265 LTV with PMM 64% 100% Leased NNN Passive Income Cash on Cash 7.49% • 3 Tenants. Existing Loan Summary Monthly Loan P&I $18,038 • Successfully Operating & Paying Rent. Loan Balance Oct 6, 2020 $3,341,735 • Essential Businesses. Interest Rate Loan 4.77% EXECUTIVE SUMMARY | 5 Property Highlights NNN Passive Income – Perfect 1031 Investment The tenants are responsible for all the maintenance of their units, the HOA maintains the common areas, with the owner MIAMI BEACH collecting a consistent and dependable cash flow. Diversified & Stable Essential Business Tenancy The diversified and sustainable tenant roster includes three successful and established businesses including a high end executive office colony, the Center for Excellence in Dentistry, and the well known YSV full service salon. All paying rent and successfully open for business. Financing Solution – PMM – Plug N Play Capital An existing $3.4 loan is ready to be assumed at an interest rate of 4.77%. The seller will also provide an additional 10% PMM at an interest-only rate of 3%. No financing risk. Increasing Cash Flow Growth Durable and predictable rental income. Manatee River Prestigious Edgewater Location Edgewater is one of Miami’s hottest markets ideally situated at the epicenter of the Arts & Entertainment District, Wynwood, Midtown Miami and Downtown CBD. Free Valet Parking Valet parking is free in perpetuity for tenants and their clients. A competitive leasing advantage. Future Upside Recapture Quantum Executive Offices have right to generate income on 55 storage units and 23 parking spaces, representing $102,000 of income. If leased to new tenant, control reverts to owner, as does significant income potential. EXECUTIVE SUMMARY | 6 Center of Entertainment, Culture & Shopping EDGEWATER WYNWOOD EXECUTIVE SUMMARY | 7 Location Highlights Quantum on the Bay Prestige The 51 and 44-story project is one of Miami’s landmark condominium projects offering breathtaking unobstructed views of Biscayne Bay, and is home to an affluent and influential roster of owners and clientele. A built-in long- term demand base. Prominent Location – Built-in Tenant Demand Many of the residents of the Quantum on the Bay are tenants and customers at the property – a unique and predictable demand base beyond Miami’s additional demand drivers. Exceptional Walking Distance Amenity Base The Property offers tenants a wide range of restaurants, shopping, entertainment, and public transportation options with a nearby Metromover station. Highly attractive to prospective tenants. Center of Growth & Enhanced Tenant Demand The Edgewater condominium market continues to add residential inventory and demand for professional services. $7.2 billion in major shopping and entertainment projects on the horizon include the Miami Worldcenter and Resorts World Miami – all within walking distance. Manatee MargaretRiver Pace Park – Attracts Tenants The park is at the footsteps of Quantum on the Bay and is one of Miami’s most popular, offering soccer/cricket fields, basketball, tennis and volleyball courts, a playground, an outdoor fitness facility and a dog park. EXECUTIVE SUMMARY | 8 High Demand for Units Suite Virtual Tours 100% Leased, tenants enjoy long tenure at the Property. Essential Businesses. EXECUTIVE SUMMARY | 9 Walking Distance to Everything Biscayne Bay Margaret Pace Park EXECUTIVE SUMMARY | 10 Site Location DEMAND DRIVER: Density and Affluence 2020 Area Population 2020 AHHI % Over $100k 1-mile Radius 39,751 $87,799 27.7% 3-mile Radius 260,001 $76,491 22.8% 5-mile Radius 521,836 $74,483 21.5% City of Miami 461,859 $71,323 20.5% EXECUTIVE SUMMARY | 11 MIAMI BEACH Julia Tuttle Causeway CLICK HERE FOR VIRTUAL TOUR Investment Contact Disclaimer: The information contained in this Offering Memorandum has been obtained from sources John F. Bell believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no Managing Director guaranty, warranty or representation about it, nor does owner. It is the responsibility of each D: 305.808.7820 prospective purchaser to independently verify its accuracy and completeness. Any projections, M: 305.798.7438 opinions, assumptions or estimates used are for example purposes only and do not represent the [email protected] current or future performance of the property. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the value and condition of the property when making a nd 100 SE 2 Street decision on advisability of purchasing the property, and not rely on the information contained in this Suite 3100 Offering Memorandum. This Offering may be rescinded or altered and the property may be sold, leased Miami, Florida, 33131 or withdrawn from the market without notice. Brokers are not authorized to make any representations or agreements on behalf of the property owner or bind the property owner to any agreement for sale of the property. EXECUTIVE SUMMARY | 13 .