2105-2107 SW 7th Street, Miami, FL 33135 · Estate Real Estate Investment Services and hold it...

FOR SALE 2105-2107 SW 7th Street, Miami, FL 33135

(8) 1 BD/1 BR UNITS, BETWEEN (2) TWO-STORY MULTIFAMILY BUILDINGS, TOTALING 5,374 SF GLA, ON 0.31 ACRES IN THE HEART OF LITTLE HAVANA

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The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from ONE Commercial Real Estate and should not be made available to any other person or entity without the written consent of ONE Commercial Real Estate. This offering memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. ONE Commercial Real Estate has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, ONE Commercial Real Estate has not verified, and will not verify, any of the information contained herein, nor has ONE Commercial Real Estate conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICEONE Commercial Real Estate is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of ONE Commercial Real Estate, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of ONE Commercial Real Estate, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

NET LEASED DISCLAIMERONE Commercial Real Estate hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, ONE Commercial Real Estate has not and will not verify any of this information, nor has ONE Commercial Real Estate conducted any investigation regarding these matters. ONE Commercial Real Estate

makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. ONE Commercial Real Estate expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release ONE Commercial Real Estate Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

ONE Commercial Real Estate | 1000 Brickell Avenue, Miami, FL 33131 | ONECommercialRE.com

2105-2107 SW 7th StreetMIAMI, FLORIDA 33135

CONFIDENTIALITY AGREEMENT

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EXECUTIVE SUMMARY...................................................................4FINANCIALS..................................................................................5AERIAL MAP.................................................................................6PROPERTY PHOTOS.............................................................................7AREA OVERVIEW...........................................................................9WHY ONE COMMERCIAL?............................................................10

ROBERT BURSTEINCOMMERCIAL ADVISOR

[email protected]



TABLE OF CONTENT

4ONE Commercial Real Estate | 1000 Brickell Avenue, Miami, FL 33131 | ONECommercialRE.com

ONE Commercial Real Estate is pleased to present 2105-2107 SW 7th Street; (2) two-story, multifamily buildings, totaling (8) 1BD/1BR units, in the heart of Little Havana. The property boasts a new roof with a 40 year certification, on-site parking, and financially dependable tenants.

2105-2107 SW 7th Street is a prime investment opportunity and rental property due to its accessibility to major thoroughfares. The property is located just over a mile south of Dolphin Expressway (SR-836). East/west thoroughfares provide direct and convenient access to I-95 (2 miles) and Brickell/Downtown Miami (2.3 miles).

2105-2107 SW 7th Street is being sold either individually or as a three-property portfolio consisting of the following properties:

7500-7514 NE 6th Ct, Miami, FL 33138 9220 Biscayne Blvd, Miami Shores, FL 33138

EXECUTIVE OVERVIEW

Price: $1,400,000

# Of Units: 8

Price/Unit: $175,000

CAP Rate: 5.23%

INVESTMENT HIGHLIGHTS

• Excellent location with thoroughfare access

• Roughly two miles from Downtown Miami/Brickell

• On-site, off-street, parking

• Brand new roof with 40 year certification

• Financially dependable tenancy

PROPERTY HIGHLIGHTS

Address: 2105-2107 SW 7th Street, Miami, FL 33135

APN: 01-4103-016-0400 01-4103-016-0410

County: Miami-Dade

Opportunity Zone: No

Land Use: Medium-Density Residential

Zoning: T4-R (36 du/ac)

Property Class: C+

Lot Size: 13,600 SF (0.312 AC)

Gross Leasable Area: 5,374 SF

Buildings: 2

Unit Count: 8

Year Built: 1938

2019 Assessed Value: $619,351

INVESTMENT OVERVIEW


EXECUTIVE SUMMARY

80 FEET80 FEET


INCOME Current Ops ProForma Ops

Unit Beds Monthly Yearly Monthly Yearly

Apt #1 1 $1,200 $14,400 $1,236 $14,832

Apt #2 1 $1,200 $14,400 $1,236 $14,832

Apt #3 1 $1,200 $14,400 $1,236 $14,832

Apt #4 1 $1,200 $14,400 $1,236 $14,832

Apt #5 1 $1,200 $14,400 $1,236 $14,832

Apt #6 1 $1,200 $14,400 $1,236 $14,832

Apt #7 1 $1,200 $14,400 $1,236 $14,832

Apt #8 1 $1,200 $14,400 $1,236 $14,832

Effective Gross Income $9,600 $115,200 $9,888 $118,656

EXPENSES Current Ops ProForma Ops

Item Monthly Yearly Monthly Yearly

Property Tax $1,258 $15,090 $1,867 $22,400

Insurance $500 $6,000 $667 $8,000

Utilities $646 $7,750 $646 $7,750

Landscape $100 $1,200 $100 $1,200

Pest Control $96 $1,152 $96 $1,152

Maintenance & Repairs $417 $5,000 $417 $5,000

Total Expenses $3,016 $36,192 $3,792 $45,502

SUMMARY Current Ops ProForma Ops

Effective Gross Income $9,600 $115,200 $9,888 $118,656

Total Expenses $3,016 $36,192 $3,792 $45,502

NET OPERATING INCOME $6,584 $79,008 $6,096 $73,154

Operating Cap Rate N/A N/A 5.23% 5.23%

OpEx Ratio 31.4% 31.4% 38.3% 38.3%

UNIT COUNT 8

PURCHASE PRICE $1,400,000

$175,000 per door


FINANCIALS


2105-2107 SW 7TH STREET

WEST WEST FLAGLERFLAGLER

LITTLE LITTLE HAVANAHAVANA

EAST LITTLE EAST LITTLE HAVANAHAVANA

NW 7TH STREETNW 7TH STREET

W FLAGLER STREETW FLAGLER STREET

SW 8TH STREETSW 8TH STREET

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AERIAL MAP


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PROPERTY PHOTOS


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PROPERTY PHOTOS


DEMOGRAPHICS

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POPULATION 1 MILE 2 MILES 3 MILES

Population 55,821 342,033 545,184 (current)

Population 57,722 368,968 586,052 (5 yr forecast)

Percent Forecast 3.3% 7.7% 7.0% (5 yr forecast/current year)

Avg Household Size 2.75 2.39 2.49

Avg Age 41.50 38.70 38.90

INCOME 1 MILE 2 MILES 3 MILES

Median Household Income $27,698 $40,396 $42,496

Average Household Income $43,049 $69,496 $73,245

Per Capita Income $15,611 $28,596 $28,898

DESTINATIONS DISTANCE (MILES) TRAVEL TIME

Interstate 95 1.8 9 min

Ft. Lauderdale-Hollywood Int'l Airport 21.7 34 min

Miami International Airport 2.85 11 min

Downtown Miami 2.3 11 min

DESTINATIONS


AREA OVERVIEW

2105-2107 SW 7TH STREET

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Investment Sales And AcquisitionsOur comprehensive research and relationships bring deals to the finish line quicker for clients seeking to sell or acquire income producing property.

Capital Markets-Debt & EquityOur analysis of an opportunity can provide a variety of finance options.

Asset ManagementOur single purpose as asset managers is to maximize a property’s value for investment purposes.

Wealth Management AdvisoryWe are advisors to families and individuals who invest in real estate for generational wealth building and diversification.

Development AssistanceDevelopers are orchestra leaders who manage and coordinate the development process from the idea stage to the creation of the real estate.

Landlord RepresentationLeasing a property is only one part of Landlord representation. We manage the marketing process and create the messages to attract the right tenants. We have been through market cycles that shift supply and demand so we know how to deliver intelligence that produces results.

Tenant RepresentationWe understand the South Florida marketplace. Each tenant requirement is unique. Our custom solutions include: Penetration studies, Demographics, Void analysis, Adjacency studies, Location analysis and dynamics & Lease negotiations.

““

Moving the needle means implementing

positive change. Being a great listener initiates the process. Investing the time to

understand our client’s opportunities pays off

with better results.

ONE Commercial Real Estate facilitates the optimal outcome for owners, occupiers and developers in commercial real estate. We connect intelligence with experience, knowledge and technical skills to deliver better and faster execution for clients. We think differently, innovate and listen better. Our values not only define us but they remind us every day why and how we serve our clients and our team members. Our value equation is driven by one simple concept: deliver and execute consolidated solutions that come from fully understanding the target and delivering with knowledge and experience. We utilize the best in class market intelligence and comprehensive tools that provide a competitive advantage to our clients. We have decades of on-the-ground experience and market knowledge in South Florida advising clients in all of the following aspects of commercial real estate.



WHY ONE COMMERCIAL?


Date post:	09-Aug-2020
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2105-2107 SW 7th Street, Miami, FL 33135 · Estate Real Estate Investment Services and hold it...

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