URBAN CORE T6-36 ZONIFICATION

EDGEWATER DEVELOPMENT PROJECT

2014 Total Population 29,719 234,588 499,910

2019 Population Estimate 33,549 255,574 534,353

Average Age 34.30 36.30 38.40

Total Businesses 4,592 35,236 74,954

Number of Employees 16,931 174,665 320,754

Edgewater is primarily a residential neighborhood, with many historic early 20th century homes. The neighborhood has many high-rise residential towers to the east along Biscayne Bay, and historic homes elsewhere in the neighborhood. Since 2000, the area has grown in popularity, due to its proximity to Downtown and neighborhoods such as the Design District. Recent developments in the neighbor-hood, have brought rapid urbanization to the area, with the construction of high-rise and mid-rise residential buildings, and more retail.

- Available inmediatly.- Existing improvements: in-place cash flow from current use residential - up and coming area: 10 luxurious high-rise buildings to complete before 2017.- T6-36 / Urban Core zoning district: allows to develop a 36-story mix-use tower.

multi-family.

229-237 NE 24th St.B

ISC

AY

NE B

LVD

.

NE

2nd A

VE

NE 25th ST.

NE 26th ST.

NE 24th ST.

NE 24th ST.

NE 23th ST.

The parcel is strategically located just west of Biscayne Blvd within close proximity to Design District, Wynwood and Midtown. Comprised by two 5,500 SqFt lots, for a total of 11,000 SqFt.

Because of its zoning, the urban core site will be able to a multitude of mix uses.

This Edgewater Urban Core Parcel is brought to you by Invisti, a name trust-ed and chosen by industry leaders.

+1 (305) . 824 . 7261

Amilcar M. Fuentes

Lic. Commercial Real Estate Assoc.

Amilcar@invisti.com

CONTACT

Investment Sales

www.invisti.com

THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES BELIEVED RELIABLE; HOWEVER, INVISTI MAKES NO GUARANTEES, WARRANTIES OR REPRESENTATIONS AS TO THE COMPLETENESS OR

ACCURACY THEREOF. THE PRESENTATION OF THIS PROPERTY IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, OR CONDITIONS, PRIOR TO SALE OR LEASE, OR WITHDRAWAL WITHOUT NOTICE.

229-237 NE 24TH ST, MIAMI, FL

Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17 Feb 17 Mar 17 Apr 17 May 17 TOTAL

Ordinary Income/ExpenseIncome

Security Deposit- Forfeit 0.00 0.00 0.00 0.00 750.00 0.00 0.00 0.00 1,425.00 0.00 0.00 0.00 2,175.00

Rental Income 9,025.00 9,049.00 9,075.00 9,097.00 8,300.00 8,209.00 7,646.00 7,284.00 7,455.51 8,815.00 9,438.00 9,595.00 102,988.51

Total Income 9,025.00 9,049.00 9,075.00 9,097.00 9,050.00 8,209.00 7,646.00 7,284.00 8,880.51 8,815.00 9,438.00 9,595.00 105,163.51

ExpenseBank Charges 0.00 0.00 12.50 0.00 0.00 0.00 0.00 114.00 12.50 0.00 38.00 0.00 177.00Exterminator 56.44 56.00 56.00 56.00 56.00 56.00 56.00 56.00 0.00 0.00 56.00 168.00 672.44

Office Supplies 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.54 0.00 0.00 0.00 0.00 24.54

Lawn Maintenance 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 80.00 520.00Re-Leasing Fee 0.00 0.00 0.00 170.00 408.00 0.00 0.00 0.00 630.00 0.00 145.00 0.00 1,353.00

Bank Service Charge 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50

Management Fees (Management Fees) 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 1,400.00 16,800.00Insurance (Insurance) 238.70 0.00 0.00 1,011.00 0.00 771.51 358.07 358.07 358.07 358.07 358.07 358.07 4,169.63

Licenses and Permits (Licenses) 0.00 0.00 125.00 0.00 0.00 276.32 0.00 0.00 277.50 0.00 75.00 240.95 994.77

Repairs and Maintenance 249.99 552.39 600.00 348.33 2,178.78 599.99 1,513.93 744.60 674.99 927.75 650.00 1,316.49 10,357.24

Taxes (Taxes) 0.00 72.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 72.00

Utilities (Utilities) 977.47 1,127.40 1,099.36 1,723.71 673.69 1,098.64 740.70 665.85 214.30 973.83 694.14 1,019.53 11,008.62

Waste Service 276.57 276.57 553.14 276.57 276.57 276.57 276.57 276.57 276.57 276.57 276.57 276.57 3,595.41

Total Expense 3,239.17 3,524.36 3,886.00 5,025.61 5,033.04 4,519.03 4,385.27 3,679.63 3,883.93 3,976.22 3,732.78 4,860.11 49,745.15

Net Ordinary Income 5,785.83 5,524.64 5,189.00 4,071.39 4,016.96 3,689.97 3,260.73 3,604.37 4,996.58 4,838.78 5,705.22 4,734.89 55,418.36

Net Income 5,785.83 5,524.64 5,189.00 4,071.39 4,016.96 3,689.97 3,260.73 3,604.37 4,996.58 4,838.78 5,705.22 4,734.89 55,418.36

3:13 PM 6981 Indian Creek

06/19/17 Profit & LossCash Basis June 2016 through May 2017

Page 1

Updated 05/31/17

UNIT # NAMELEASE

BEGINS LEASE EXPIRES SQFTRENTAL VALUE DEPOSIT

FRONT 237 NE 24 ST FRONT UNIT 2/1/17 Month to Month 1,050.00$ 1,050.00$ 239 239 NE 24 ST 6/2/14 Month to Month 575.00$ 525.00$

REAR 237 NE 24 ST REAR UNIT 10/24/16 Month to Month 850.00$ 1,700.00$ APT A 241 NE 24 ST APT A 6/2/14 Month to Month 700.00$ 600.00$ APT B 241 NE 24 ST APT B 6/15/16 Month to Month 800.00$ 1,600.00$

Monthly AnnualIncome 3,975.00$ 47,700.00$

ExpensesTaxes 16,284.11$ Insurance 525.00$ 91.245Repairs/Maintenance 3,250.00$ Utilities/Waste 6,300.00$ Total Expenses 26,359.11$

Net Income 21,340.89$

RENT ROLL

10/11/2017 Property Search Application - Miami-Dade County

Property Information

Folio: 01-3230-026-0930

Property Address: 229 NE 24 ST Miami, FL 33137-4507

Owner GLOBAL DC EXPORT LLC

Mailing Address 2050 CORAL WAY STE 205 MIAMI, FL 33145 USA

PA Primary Zone 6405 CEN HIGH DNSTY BORDERSCB

Primary Land Use 0081 VACANT RESIDENTIAL :VACANT LAND

Beds / Baths / Half 0 / 0 / 0

Floors 0

Living Units 0

Actual Area 0 Sq.Ft

Living Area 0 Sq.Ft

Adjusted Area 0 Sq.Ft

Lot Size 5,500 Sq.Ft

Year Built 0

Assessment Information

Year 2017 2016 2015

Land Value $990,000 $962,500 $742,500

Building Value $0 $0 $0

XF Value $0 $0 $0

Market Value $990,000 $962,500 $742,500

Assessed Value $898,425 $816,750 $742,500

Benefits Information

Benefit Type 2017 2016 2015

Non­Homestead Cap Assessment Reduction $91,575 $145,750

Note: Not all benefits are applicable to all Taxable Values (i.e. County, SchoolBoard, City, Regional).

Short Legal Description

30 53 42

EDGEWATER PB 2­31

LOT 8 BLK 12

LOT SIZE 50.000 X 110

OR 20444­482 0502 3

Taxable Value Information

2017 2016 2015

County

Exemption Value $0 $0 $0

Taxable Value $898,425 $816,750 $742,500

School Board

Exemption Value $0 $0 $0

Taxable Value $990,000 $962,500 $742,500

City

Exemption Value $0 $0 $0

Taxable Value $898,425 $816,750 $742,500

Regional

Exemption Value $0 $0 $0

Taxable Value $898,425 $816,750 $742,500

Sales Information

PreviousSale

Price OR Book­Page

Qualification Description

04/29/2014 $400,777 29130-4379 Federal, state or local governmentagency

06/01/1986 $355,000 12908-0349 Sales which are qualified

11/01/1982 $335,000 11605-0394 Sales which are qualified

04/01/1978 $161,250 09998-1056 Sales which are qualified

Summary ReportGenerated On : 10/11/2017

The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiserand Miami­Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.asp

Version:

2016 Aerial Photography 200ft

10/11/2017 Property Search Application - Miami-Dade County

Property Information

Folio: 01-3230-026-0920

Property Address: 237 NE 24 ST Miami, FL 33137-4507

Owner FAA HOLDINGS LLC

Mailing Address 2050 CORAL WAY STE 205 MIAMI, FL 33145 USA

PA Primary Zone 6405 CEN HIGH DNSTY BORDERSCB

Primary Land Use 0803 MULTIFAMILY 2­9 UNITS :MULTIFAMILY 3 OR MORE UNITS

Beds / Baths / Half 8 / 5 / 1

Floors 2

Living Units 5

Actual Area Sq.Ft

Living Area Sq.Ft

Adjusted Area 3,582 Sq.Ft

Lot Size 5,500 Sq.Ft

Year Built 1925

Assessment Information

Year 2017 2016 2015

Land Value $990,000 $962,500 $577,500

Building Value $1,000 $1,000 $1,000

XF Value $0 $0 $0

Market Value $991,000 $963,500 $578,500

Assessed Value $699,985 $636,350 $578,500

Benefits Information

Benefit Type 2017 2016 2015

Non­Homestead Cap Assessment Reduction $291,015 $327,150

Note: Not all benefits are applicable to all Taxable Values (i.e. County, SchoolBoard, City, Regional).

Short Legal Description

30 53 42

EDGEWATER PB 2­31

LOT 7 BLK 12

LOT SIZE 50.000 X 110

OR 15291­782 1191 1

Taxable Value Information

2017 2016 2015

County

Exemption Value $0 $0 $0

Taxable Value $699,985 $636,350 $578,500

School Board

Exemption Value $0 $0 $0

Taxable Value $991,000 $963,500 $578,500

City

Exemption Value $0 $0 $0

Taxable Value $699,985 $636,350 $578,500

Regional

Exemption Value $0 $0 $0

Taxable Value $699,985 $636,350 $578,500

Sales Information

PreviousSale Price

ORBook-Page

Qualification Description

06/02/2014 $500,000 29184-3982

Not exposed to open­market; atypicalmotivation

10/01/2004 $350,000 22754-2395

Sales which are qualified

11/01/1991 $47,500 15291-782

Sales which are qualified

08/01/1988 $0 00000-00000

Sales which are disqualified as a result ofexamination of the deed

Summary ReportGenerated On : 10/11/2017

The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiserand Miami­Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.asp

Version:

2016 Aerial Photography 200ft