801 N Federal Hwy

8/18/2019 801 N Federal Hwy

1/15

1

801 NORTH FEDERAL HIGHWAYHALLANDALE BEACHFLORIDA, 33009

OFFERING MEMORANDUM


2/15

2

WARRANTY AND CONFIDENTIALITY

This is a confidential Offering Memorandum, which is intended solely for your limited use and benefitin determining whether you desire to express any further interest in acquiring The Land or Property,located in Hallandale Beach, Florida. You are bound by the Confidentiality Agreement executed inconnection with your receipt of this Offering Memorandum.

This Offering Memorandum was prepared by Douglas Elliman Commercial Florida, a Florida limitedliability Company broker. It contains selected information pertaining to the Property and does notpurport to be all-inclusive or to contain all of the information, which prospective investors may desire. Itshould be noted that all or any of the market analysis projections are provided for general referencepurposes and are based on assumptions relating to the general economy, competition and otherfactors beyond our control and, therefore, are subject to material variation.

Additional information and an opportunity to inspect material related to the hotel will be madeavailable to interested and qualified prospective capital sources. Neither the Owner, Broker, nor any oftheir respective officers have made any representation or warranty, expressed or implied, as to the

accuracy or completeness of this Offering Memorandum or any of its contents, and no legalcommitments or obligations shall arise by reason of this Offering Memorandum or its contents.

It is essential that all parties to real estate transactions be aware of the health, liability and economicimpact of environmental factors on real estate. Broker does not conduct investigations or analyses ofenvironmental matters and, accordingly, urges interested parties to retain qualified environmentalprofessionals to determine whether hazardous or toxic wastes or substances (such as asbestos, pcbs,other contaminants or petrochemical products stored in underground tanks) or other undesirablematerials or conditions are present at the Hotels and if so, whether any health danger or other liabilityexists.

Various laws and regulations have been enacted at the federal, state and local levels dealing with theuse, storage, handling, removal, transport and disposal of toxic or hazardous wastes and substances.Depending on past, current and proposed uses of the Hotel, it may be prudent to retain anenvironmental expert to conduct a site investigation and/or building inspection. If such substancesexist or are contemplated to be used at the hotel , special governmental approvals or permits may berequired.

Consequently, legal counsel and technical experts should be consulted where these substances are ormay be present. In this Offering Memorandum, certain documents are described in summary form. Thesummaries do not purport to be complete descriptions of the full agreements involved, nor do they

purport to constitute any legal analysis of the provisions of the documents. This brochure shall not bedeemed an indication of the state of affairs of the Owner nor constitute an indication that there hasbeen no change in the business or affairs of the Owner since the date of preparation of this OfferingMemorandum. Duplication of the Offering Memorandum in part or entirety without the expressedwritten consent of Broker is not authorized.


3/15

3

PROPERTY HIGHLIGHTS

ROPERTY SUMMARY

PROPERTY ADDRESS

801 North Federal Highway

ZONING

Commercial

PARCEL

34-2103-001-0717

LAND AC

3.62 AC +/-

TYPE

2 Star Commercial Land

FRONTAGE

279' on NE 6th Ave265' on NE 7th St


4/15

4

PROPERTY HIGHLIGHTS

LOCATION HIGHLIGHTS

RETAILERS

SITE


5/15

5

PROPERTY HIGHLIGHTS

TRAFFIC COUNT

SITE


6/15


7/15

7

PROPERTY HIGHLIGHTS

MAP

SITE


8/15

8

AddressCity Property Type Property Size Space Avail Rent/SF/Yr

Retail/Storefront 14,900 SF 1,900 SF $24.00250 N Federal Hwy Hallandale Beach1

Retail/(Strip Center) 33,939 SF 4,200 SF $26.401400 S Federal Hwy Hollywood2

Retail 1,836 SF 1,836 SF $23.041428 S Federal Hwy Hollywood3

Retail/Freestanding 3,578 SF 600 SF $29.00611-701 E Hallandale Beach Hallandale Beach4

Retail/(Neighborhood Center) 33,306 SF 2,200 SF Withheld800 E Hallandale Beach Blvd Hallandale Beach5

MARKET HIGHLIGHTS

LEASE COMPARALES ON NORTH FEDERAL HWY


9/15

9

Address City Property Type Property Size Space Avail Rent/SF/Yr

Retail/Storefront 14,900 SF 1,900 SF $24.00250 N Federal Hwy Hallandale Beach1

Retail/(Strip Center) 33,939 SF 4,200 SF $26.401400 S Federal Hwy Hollywood2

Retail 1,836 SF 1,836 SF $23.041428 S Federal Hwy Hollywood3

Retail/(Strip Center) 3,335 SF 650 SF $28.00401-405 E Hallandale Beach Hallandale Beach4

Retail/Freestanding(Neighborhood Center)

106,661 SF 11,878 SF $21.00-$25.001600-1780 E Hallandale Beach Hallandale Beach5

Retail/Freestanding(Community Center)

10,000 SF 6,196 SF $35.002301-2309 E Hallandale Beach Hallandale Beach6

Retail/Freestanding(Community Center)

6,692 SF 6,250 SF $35.002351 E Hallandale Beach Blvd Hallandale Beach7

Retail/Restaurant 3,000 SF 2,708 SF $34.561814 Harrison St Hollywood8

MARKET HIGHLIGHTS

LEASE COMPARALES


10/15

10

!"#$" &'() *+((#,-!"#$" &'()$ *")'+,

Deals

11NNN Asking Rent Per SF

$25.00NNN Starting Rent Per SF

-Avg. Months On Market

10LEASE COMPARABLES

SUMMARY STATISTICS

Rent Deals Low Average Median High

NNN Asking Rent Per SF

NNN Starting Rent Per SF

NNN Effective Rent Per SF

Asking Rent Discount

TI AllowanceMonths Free Rent

1

-

-

-

--

$25.00

-

-

-

--

$25.00

-

-

-

--

$25.00

-

-

-

--

-

--

$25.00

-

-

Lease Attributes Deals Low Average Median High

Months on Market

Deal Size

Lease Deal in Years

Floor Number

10

11

6

11

1

800

1.0

GRND

10

2,180

3.7

GRND

5

1,200

3.0

1 1

37

6,000

10.0

MARKET HIGHLIGHTS

LEASE COMPARALES SUMMARY


11/15

11

!"#$" &'()#*#+,"$!"#$" &'()$ *")'+,

Property Name - Address Rating SF Leased Floor Sign Date Rent Rent Type

Lease

Type

Rents

1 710 Atlantic Shores Blvd 800 1st 6/25/2015 $23.00/mg AskingNew

2 800 E Hallandale Beach Blvd 1,200 1st 6/15/2015 - -New

3 Young Circle Shopping Cen 3,500 1st 3/23/2015 $25.00/nnn Asking1720 E Young Cir

New

4 Premiere Building 3,540 GRND 2/25/2015 $22.00/mg Asking1250 E Hallandale Beach

New


5 250 N Federal Hwy 2,200 1st 12/2/2014 $26.18/mg AskingNew

6 Faith Shopping Plaza 6,000 1st 10/10/2014 $21.00/mg Starting632-680 E Hallandale

New

7 Mar Bay Hotel Condo 2,500 1st 9/4/2014 $24.00/fs Asking26 Diplomat Pky

New



2 800 E Hallandale Beach Blvd 900 1st 8/19/2014 - -Renewal

MARKET HIGHLIGHTS

LEASE COMPARALES SUMMARY


12/15

12

Retail MarketPlace ProfilePolygon 3 Prepared by EsriArea: 0.18 square miles Latitude: 25.99805573

Longitude: -80.1425425

Summary Demographics2015 Population 4532015 Households 2342015 Median Disposable Income $25,8402015 Per Capita Income $19,118

NAICS Demand Supply Retail Gap Leakage/Surplus Number of Industry Summary (Retail Potential) (Retail Sales) Factor Businesses

Total Retai l Trade and Food & Dr ink 44-45,722 $3,249,632 $15,826,794 -$12,577,162 -65.9 16Total Retail Trade 44-45 $2,942,635 $11,177,743 -$8,235,108 -58.3 13Total Food & Drink 722 $306,998 $4,649,051 -$4,342,053 -87.6 3

NAICS Demand Supply Retail Gap Leakage/Surplus Number of Industry Group (Retail Potential) (Retail Sales) Factor Businesses

Motor Vehicle & Parts Dealers 441 $615,443 $964,780 -$349,337 -22.1 2 Automobile Dealers 4411 $525,488 $0 $525,488 100.0 0 Other Motor Vehicle Dealers 4412 $44,898 $577,623 -$532,725 -85.6 1 Auto Parts, Accessories & Tire Stores 4413 $45,056 $0 $45,056 100.0 0Furniture & Home Furnishings Stores 442 $68,885 $460,079 -$391,194 -74.0 1 Furniture Stores 4421 $35,204 $0 $35,204 100.0 0 Home Furnishings Stores 4422 $33,681 $373,477 -$339,796 -83.5 1Electronics & Appliance Stores 443 $75,318 $0 $75,318 100.0 0Bldg Materials, Garden Equip. & Supply Stores 444 $93,593 $0 $93,593 100.0 0 Bldg Material & Supplies Dealers 4441 $76,634 $0 $76,634 100.0 0 Lawn & Garden Equip & Supply Stores 4442 $16,959 $0 $16,959 100.0 0Food & Beverage Stores 445 $509,663 $1,778,896 -$1,269,233 -55.5 3 Grocery Stores 4451 $473,481 $1,156,832 -$683,351 -41.9 2 Specialty Food Stores 4452 $15,131 $62,527 -$47,396 -61.0 1 Beer, Wine & Liquor Stores 4453 $21,051 $559,538 -$538,487 -92.7 1Health & Personal Care Stores 446,4461 $234,107 $0 $234,107 100.0 0Gasoline Stations 447,4471 $311,912 $1,482,661 -$1,170,749 -65.2 1Clothing & Clothing Accessories Stores 448 $187,011 $3,121,164 -$2,934,153 -88.7 2 Clothing Stores 4481 $141,828 $2,982,928 -$2,841,100 -90.9 2

Shoe Stores 4482 $24,112 $0 $24,112 100.0 0 Jewelry, Luggage & Leather Goods Stores 4483 $21,070 $0 $21,070 100.0 0Sporting Goods, Hobby, Book & Music Stores 451 $61,922 $0 $61,922 100.0 0 Sporting Goods/Hobby/Musical Instr Stores 4511 $42,086 $0 $42,086 100.0 0 Book, Periodical & Music Stores 4512 $19,835 $0 $19,835 100.0 0General Merchandise Stores 452 $469,079 $0 $469,079 100.0 0 Department Stores Excluding Leased Depts. 4521 $153,343 $0 $153,343 100.0 0 Other General Merchandise Stores 4529 $315,737 $0 $315,737 100.0 0Miscellaneous Store Retailers 453 $81,643 $269,197 -$187,554 -53.5 3 Florists 4531 $2,719 $0 $2,719 100.0 0 Office Supplies, Stationery & Gift Stores 4532 $24,457 $0 $24,457 100.0 0 Used Merchandise Stores 4533 $5,956 $67,375 -$61,419 -83.8 1 Other Miscellaneous Store Retailers 4539 $48,510 $194,796 -$146,286 -60.1 2Nonstore Retailers 454 $234,061 $0 $234,061 100.0 0 Electronic Shopping & Mail-Order Houses 4541 $199,383 $0 $199,383 100.0 0 Vending Machine Operators 4542 $7,503 $0 $7,503 100.0 0 Direct Selling Establishments 4543 $27,174 $0 $27,174 100.0 0Food Services & Drinking Places 722 $306,998 $4,649,051 -$4,342,053 -87.6 3 Full-Service Restaurants 7221 $141,560 $1,137,275 -$995,715 -77.9 1

Limited-Service Eating Places 7222 $133,503 $3,421,413 -$3,287,910 -92.5 1 Special Food Services 7223 $10,234 $0 $10,234 100.0 0 Drinking Places - Alcoholic Beverages 7224 $21,701 $0 $21,701 100.0 0

Data Note: Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are excluded. Demand (retail potential) estimates the expected amountspent by consumers at retail establishments. Supply and demand estimates are in current dollars. The Leakage/Surplus Factor presents a snapshot of retail opportunity. Thisis a measure of the relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents 'leakage' of retailopportunity outside the trade area. A negative value represents a surplus of retail sales, a market where customers are drawn i n from outside the trade area. The Retail Gaprepresents the difference between Retail Potential and Retail Sales. Esri uses the North American Industry Classification System (NAICS) to classify businesses by theirprimary type of economic activity. Retail establishments are classified into 27 industry groups in the Retail Trade sector, as well as four industry groups within the FoodServices & Drinking Establishments subsector. For more information on the Retail MarketPlace data, please view the methodology statement at http://www.esri.com/library/whitepapers/pdfs/esri-data-retail-marketplace.pdf.Source: Esri and Dun & Bradstreet. Copyright 2015 Dun & Bradstreet, Inc. All rights reserved.

MARKET HIGHLIGHTS

RETAIL GAP ANALYSIS


13/15

13

Retail MarketPlace ProfilePolygon 3 Prepared by EsriArea: 0.18 square miles Latitude: 25.99805573

Longitude: -80.1425425

Leakage/Surplus Factor by Industry SubsectorLeakage/Surplus Factor by Industry Subsector

Food Services & Drinking Places

Nonstore Retailers

Miscellaneous Store Retailers

General Merchandise StoresSporting Goods, Hobby, Book, and Music Stores

Clothing and Clothing Accessories Stores

Gasoline Stations

Health & Personal Care Stores

Food & Beverage Stores

Bldg Materials, Garden Equip. & Supply Stores

Electronics & Appliance Stores

Furniture & Home Furnishings Stores

Motor Vehicle & Parts Dealers

Leakage/Surplus Factor806040200-20-40-60-80

Leakage/Surplus Factor by Industry GroupLeakage/Surplus Factor by Industry Group

Drinking Places (Alcoholic Beverages)

Special Food Services

Limited-Service Eating Places

Full-Service Restaurants

Direct Selling Establishments

Vending Machine Operators

Electronic Shopping and Mail-Order Houses

Other Miscellaneous Store RetailersUsed Merchandise Stores

Office Supplies, Stationery, and Gift Stores

Florists

Other General Merchandise Stores

Department Stores (Excluding Leased Depts.)

Book, Periodical, and Music Stores

Jewelry, Luggage, and Leather Goods Stores

Shoe Stores

Clothing Stores

Gasoline Stations

Health & Personal Care Stores

Beer, Wine, and Liquor Stores

Specialty Food Stores

Grocery Stores

Lawn and Garden Equipment and Supplies Stores

Building Material and Supplies Dealers

Electronics & Appliance Stores

Home Furnishings Stores

Furniture Stores

Auto Parts, Accessories, and Tire Stores

Other Motor Vehicle Dealers

Automobile Dealers

Leakage/Surplus Factor806040200-20-40-60-80

i i ll i

MARKET HIGHLIGHTS

RETAIL GAP ANALYSIS


14/15

14

MARKET HIGHLIGHTS

BROWARD COUNTY RETAIL MARKET


15/15

15

Please Contact

DAVID RESTAINER

Managing Director - Commercial Real estateO: 305.482.1450

E: [email protected]

MITASH KRIPALANI

Realtor Associate- Douglas Elliman Commercial

O: 786.271.5598

E: [email protected]

Douglas Elliman Real Estate 1111 Lincoln Road,Penthouse 805 Miami Beach, Florida 33139

Date post:	06-Jul-2018
Category:	Documents
Upload:	stephania-stefanelli-marsal
View:	216 times
Download:	0 times

801 N Federal Hwy

Documents