www.chariff.comAll information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified and is not guaranteed. Buyer/lessee bears all risks.
FOR SALE
7050 NE 3rd Ave
Miami, FL 33138LITTLE RIVER
All information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified and is not guaranteed. Buyer/lessee bears all risks.
www.chariff.com
PROPERTY HIGHLIGHTS7050 NE 3rd Ave
• Located in Little River Business District• Asking Price - $1,990,000• Approx. 6,706 SF • Lot Size - 9,000 SF • Year Built - 1959• Zoning - D2• Income Producing• Service - Palm Grove, Belle Meade,
Morningside, and Bay Point residens• Rare opportunity to acquire a well
located adaptive income-producing, reuse property in the heart of the Little River Business District.
All information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified and is not guaranteed. Buyer/lessee bears all risks.
www.chariff.com
AREA HIGHLIGHTSLittle River
MAGIC CITY
PANTHER COFFEE
RAIL 71
THE CITADEL
EASTRIDGE
( 15 - acre site in Miami Little Haiti Neighborhood brings together technology, art and culture)
Mixed-usel building varying in height of 28 story project with 2,798 residential units, 418 hotel rooms, 283,798 sf of retail with 97,000 sf of office with 295,343 of open space.
3,000 sf combination roaster, training facility, and coffee shop)
Rail 71 is a 128,654 square-foot warehouse sitting on 3.7 acres abutting the FEC railway. The creative fex spaces are seeing cafe’s, galleries, and retail showrooms take vacancy.
60,000 sf culinary, design hub, work space and catalyst for collaboration in Miami’s little river/little Haiti district.
All information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified and is not guaranteed. Buyer/lessee bears all risks.
www.chariff.com
Unit
Unit
Sq. Ft.
Sq. Ft.
Tenant Name
Tenant Name
Lease Term
Lease Term
Lease Expiration
Lease Expiration
Security Deposit
Security Deposit
Rent Amount
Rent Amount
Annual
Annual
Option Term
Option Term
Notes
Notes
1 Year
N/A
year 2 base rent will increase to $2,500 monthly
upon year 2020 base rent will increase 5% annually
upon year 2020 base rent will increase 5% annually
5 Year
5 Year
N/A
N/A
N/A
N/A
$24,000
$38,400
$24,000
$24,000
$23,100
$38,400
$46,788
$57,600
$2,000
$3,200
$2,000
$2,000
$1,925
$3,200
$3,899
$4,800
$2,000
$2,000
$2,000
$3,700
$3,500
8/31/19
8/31/19
12/31/23
12/31/23
8/9/18
8/9/18
3/31/19
3/31/19
9/1/17
9/1/17
1/1/15
1/1/15
8/10/15
8/10/15
3/14/15
3/14/15
Miami Med Tech LLC
Miami Med Tech LLC
B.A.B Events
B.A.B Events
Art Fors
Art Fors
Roots & Roots
Roots & Roots
1,500
1,500
1,500
1,500
1,500
1,500
2,125
2,125
1
1
2
2
3
3
4
4
RENT ROLL
PRO FORMA
YEARLY EXPENSES
YEARLY EXPENSES
NET OPERATING INCOME
NET OPERATING INCOME
Property Taxes (Approx.)
Property Taxes (Approx.)
Total Annual Income
Total Annual Income
$8,450
$8,450
$117,888
$158,400
$5,000
$5,000
$19,450
$19,450
$6,000
$6,000
$98,438
$138,950
$19,450
$19,450
Maintenance (Approx.)
Maintenance (Approx.)
Net Operating Income (Annual)
Net Operating Income (Annual)
Property Insurance (Approx.)
Property Insurance (Approx.)
Total Annual Expenses
Total Annual Expenses
OUR DISTRICTS
All information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified and is not guaranteed. Buyer/lessee bears all risks.
www.chariff.com
MiMo10,000 Visitors per day during weekdays and 30,000 visitors
per day during the
5,000 Visitors per day during weekdays and 20,000 visitors
per day during the
5,000 Visitors per day during weekdays and
15,000 visitors per day during the
75,000+ Vehicles
7,500 Visitors per day during weekdays and 25,000 visitors
per day during the Most Citibike users
in Miami.Over 15,000 Citibike
Transactions between
2016-2017.
2,000
2,500
255kCommercial SF In Residential
Developments
75 retail locations
currently open along with 31 Top
Luxury Brands set to open
within the next 12
700,000 SF 100,000 SFOf Mixed Use
Commercial Space
Of Mixed Use Commercial Space
15Chef Driven Restaraunts
Population Median Age 37
Top 10 weekend picks
(via uber.com)
32 ,689Population
Median Age 32
1 , 2 0 0 +Newly Constructed
Apartments
YNWOOD IDTOWN
All information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified and is not guaranteed. Buyer/lessee bears all risks.
www.chariff.com
ABOUTCHARIFF
Chariff Realty Group is a boutique real estate brokerage firm with full-service capabilities. We’ve become a leader in the Greater Miami commercial real estate marketplace by emphasizing personalized service and custom solutions over transactional volume and scale. Through the vision of founder Lyle Chariff and Mauricio Zapata, Chariff Realty Group has been at the forefront of the revitalization of Miami’s emerging neighborhoods, including the Biscayne Corridor, Miami Design District, Midtown, MiMo and Wynwood. Our passion is providing spot-on brokerage, investment and management expertise combined with unparalleled service.
Our business model is consultative. Our goal is to understand and meet our client’s needs and provide a level of expertise and counsel not found at impersonal, high transaction agencies. And since we are more than brokers, we can see opportunity where others don’t. For example, we often advise clients who are long-time owners to get them the most from their property without selling by utilizing management services.
We focus on closing the right deals in our core markets and never deviate. Trained by owners to think like owners, we’re straight talkers who will work aggressively on your behalf and not waste your time.
OUR INDUSTRY KNOWLEDGE As the undisputed sales leader in the Miami Design District with over 600k square feet of building space sold at an aggregated value of $460M over the past 3 years, our local experience and sizable share of market in emerging Miami neighborhoods give us a strong competitive advantage. We know the people, culture and trajectory of real estate in each, and gather new information directly from our local contacts before it becomes news. Having inside information allows us to identify the best opportunities on behalf of our clients.
Lyle ChariffLyle Chariff was born and raised in Miami and is a recognized real estate leader and visionary. He has endless local connections and a deep understanding of the Miami real estate marketplace. A straight-talker and people person, Lyle has the ability to easily connect with clients while aggressively working on their behalf to close deals.
Mauricio ZapataMauricio Zapata was born in Colombia, South America. With a strong financial and real estate background, Mauricio brings logic, structure and business savvy to the team. He combines the unique ability to identify hidden opportunities with a strong attention to detail to wrap up loose-ends and aggressively bring deals to the finish line.
Jenna Cohen
Agent [email protected]
Mauricio Zapata
Broker/Prinicipal [email protected]
@chariff @chariff chariffrealty
305-576-7474305-576-7494
www.chariff.com
All information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified and is not guaranteed. Buyer/lessee bears all risks.
5801 BISCAYNE BOULEVARD MIAMI, FL 33137
