Each office independently owned and operated

McNab Free Standing Office8201 W McNab Rd | Tamarac, FL 33321

JOHN DEMARCO, ACP954-678-8733JohnDeMarco@Remax.net

Great Freestanding Office / Medical building in desirable Tamarac,Florida

➢

Fully renovated with gorgeous build-out with 17 private offices and 20built-in work stations and large conference room

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Convenient location between University Dr and Pine Island Rd withgood visibility

➢

Ample parking➢

Perfect for an owner user or investor➢

RE/MAX 5 STAR REALTY4151 Hollywood BlvdHollywood, FL 33020(954) 361-0000www.DeMarcoGroup.com

INVESTMENT DETAILS8201 W McNab Rd | Tamarac, FL 33321

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

ANALYSIS

Analysis Date June 2018

PROPERTY

Property McNab Free Standing Office

Property Address 8201 W McNab RdTamarac, FL 33321

Year Built 1987

FINANCIAL INFORMATION

All Cash

PURCHASE INFORMATION

Property Type Commercial

Purchase Price $1,600,000

Tenants 1

Total Rentable Sq. Ft. 7,832

LOANS

Type Debt Term Amortization Rate Payment LO Costs

All Cash

INCOME & EXPENSES

Gross Operating Income $0

Monthly GOI $0

Total Annual Expenses ($39,872)

Monthly Expenses ($3,323)

P. 2

PROPERTY DESCRIPTION8201 W McNab Rd | Tamarac, FL 33321

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

     John DeMarco with Re/Max 5 Star Realty is proud to exclusively represent 8201 West McNab Road. This one-of-a-kind freestanding building features state of the art build-out and improvements.

     This property is ready to move in excellent condition and features marble reception area, large glass conferenceroom with media projector, 17 private offices, work stations with built in cubicles, media production room, large kitchenbreak room and much more. Ample parking with NO association make this building an excellent choice for yourbusiness. 

     Property also great for investors that will re-tenant after closing. When leased at current market rents, this propertywill net $148,096 at $19 a foot net, providing an investor with a above market value capitalization rate of 9.26%.Enclosed in this offering is a floor-plan, sales comparables, and leasing comparables. Easy access to the FloridaTurnpike and sawgrass expressway.

    Easy to show with one hour notice, call for additional information.     

P. 3

PROPERTY PHOTOS8201 W McNab Rd | Tamarac, FL 33321

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Lobby / Reception Private Office

Work Stations Private Office

Conference Rooms Parking Lot

P. 4

MAPS AND AERIALS8201 W McNab Rd | Tamarac, FL 33321

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Areal

P. 5

MAPS AND AERIALS8201 W McNab Rd | Tamarac, FL 33321

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Location

P. 6

12500-12508 W Atlantic Blvd1 Sold: $1,675,000 ($260.54/SF)Coral Springs 6,429 SF Class B Office/Medical

12510-12518 W Atlantic Blvd2 Sold: $1,690,000 ($234.14/SF)Coral Springs 7,218 SF Class B Office

2727 W Cypress Creek Rd3 Sold: $5,000,000 ($200/SF)FortLauderdale

25,000 SF Class C Office

2745 W Cypress Creek Rd4 Sold: $2,475,000 ($209.75/SF)FortLauderdale

11,800 SF Class C Office

2414 W Oakland Park Blvd5 Sold: $840,000 ($209.27/SF)FortLauderdale

4,014 SF Class B Office/Medical

4410-4420 W Oakland Park Blvd(Part of Multi-Property Sale)6 Sold: $1,215,000 ($232.58/SF)Lauderdale

Lakes5,224 SF Class C Office/Medical

1500 N University Dr7 Sold: $159,000 ($203.07/SF)Coral Springs 783 SF Class C Office/Medical

7850 N University Dr8 Sold: $1,575,000 ($319.80/SF)Tamarac 4,925 SF Class C Office/Medical

8290 N University Dr9 Sold: $2,265,000 ($390.99/SF)Tamarac 5,793 SF Class C Office/Medical

Address City Property Info Sale Info

Copyrighted report licensed to RE/MAX 5 Star Realty - 746067. 6/15/2018

Page 1

Dollar Volume

Legend:

Current SurveySold Transactions 9

$16,894,000Number of TransactionsTotal Dollar Volume

71,1867.18

Total Bldg Square FeetTotal Land in Acres

312,761$1,877,111

Total Land in SFAverage Price

7,910$237.32

Average Number of SFAverage Price Per Bldg SF

$232.581.03

Median Price Per SFAverage Number of Acres

44,680-

Average Number of SF(Land)Average Price Per Unit

--

Median Price Per UnitAverage Number of Units

6.73%Actual Cap Rate

SoldTransactions

Time Interval - Quarterly

Report Time Frame: 4/1/2017 - 6/15/2018

Trend Report

Copyrighted report licensed to RE/MAX 5 Star Realty - 746067. 6/15/2018

Page 2

Trend Report

Sold Transaction Sold Transaction

2Q17 04/1-6/30/17 4Q17 10/1-12/31/17

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsActual Cap Rate

3Q17 07/1-9/30/17 1Q18 01/1-3/31/18

Sold TransactionSold Transaction

2$1,374,000

6,0070.80

34,848$687,000

3,004$228.73$217.83

0.8034,848

----

2$6,690,000

32,2182.14

93,218$3,345,000

16,109$207.65$217.07

1.0746,609

---

6.73%

1$2,475,000

11,800--

$2,475,00011,800

$209.75$209.75

------

1$2,265,000

5,7931.16

50,530$2,265,000

5,793$390.99$390.99

1.1650,530

----

2Q18 04/1-6/15/18

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsActual Cap Rate

Sold Transaction

3$4,090,000

15,3683.08

134,165$1,363,333

5,123$266.14$260.54

1.0344,722

----

Copyrighted report licensed to RE/MAX 5 Star Realty - 746067. 6/15/2018

Page 3

Lease Comps SummaryLease Comps Report

Deals

6Gross Asking Rent Per SF

$20.60Gross Starting Rent Per SF

$26.74Avg. Months On Market

16LEASE COMPARABLES

SUMMARY STATISTICS

Rent Deals Low Average Median High

Gross Asking Rent Per SF

Gross Starting Rent Per SF

Gross Effective Rent Per SF

Asking Rent Discount

TI Allowance

Months Free Rent

5

2

-

1

-

-

$18.50

$22.00

-

0.0%

-

-

$20.60

$26.74

-

0.0%

-

-

$21.00

$25.85

-

0.0%

-

-

0.0%

-

-

$22.00

$29.71

-

Lease Attributes Deals Low Average Median High

Months on Market

Deal Size

Lease Deal in Years

Floor Number

4

6

2

5

1

2,321

2.0

1

16

3,320

2.5

1

14

3,382

2.5

1 2

34

4,593

3.0

6/15/2018Copyrighted report licensed to RE/MAX 5 Star Realty - 746067.

Page 1

Lease Comps SummaryLease Comps Report

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

Lease

Type

Rents

-1 Bldg I3,065 1st 6/7/2018 $21.00/fs Asking

4500 N State Road 7New

-2 Sunrise Medical Park2,321 1st 11/1/2017 $22.00/mg Starting

8391-8397 W Oakland Par…New

-3 Florida Medical Center E…4,593 1st 10/16/2017 $19.50/mg Asking

3001 NW 49th AveNew

-4 Courtyard Plaza3,900 Unkwn 8/29/2017 $23.00 Asking

4577 N Nob Hill Rd-

-5 201 N State Road 72,345 1st 8/2/2017 $19.00/mg AskingNew

-6 Bank Of America Center3,700 2nd 6/6/2017 $19.00/nnn Starting

1401 N University DrNew

6/15/2018Copyrighted report licensed to RE/MAX 5 Star Realty - 746067.

Page 2

PRO FORMA SUMMARY8201 W McNab Rd | Tamarac, FL 33321

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

INCOME

Description Actual Per SF Market Per SF

Gross Potential Rent $0 $0.00 $148,800 $19.00

Less: Vacancy $0 $0.00 $0 $0.00

Misc. Income $0 $0.00 $39,168 $5.00

Effective Gross Income $0 $0.00 $187,968 $24.00

OPERATING EXPENSES

Description Actual Per SF Market Per SF

Building Insurance $10,000 $1.28 $10,000 $1.28

Taxes - Real Estate $29,872 $3.81 $29,872 $3.81

Total Expenses ($39,872) ($5.09) ($39,872) ($5.09)

NET OPERATING INCOME ($39,872) ($5.09) $148,096 $18.91

P. 12

PRO FORMA SUMMARY8201 W McNab Rd | Tamarac, FL 33321

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

TENANT ANNUAL SCHEDULED INCOME

Tenant Actual Market Vacant $0 $148,800TOTALS $0 $148,800

ANNUALIZED INCOME Description Actual Market

Gross Potential Rent $0 $148,800Less: Vacancy $0 $0Misc. Income $0 $39,168Effective Gross Income $0 $187,968Less: Expenses ($39,872) ($39,872)Net Operating Income ($39,872) $148,096

ANNUALIZED EXPENSES Description Actual Market

Building Insurance $10,000 $10,000Taxes - Real Estate $29,872 $29,872Total Expenses $39,872 $39,872Expenses Per RSF $5.09 $5.09

INVESTMENT SUMMARY

Price: $1,600,000

Year Built: 1987

Tenants: 1

RSF: 7,832

Price/RSF: $204.29

Lot Size: 39,015 sf

Floors: 1

APN: 4941 04 20

Cap Rate: -2.49%

Market Cap Rate: 9.26%

P. 13

FLOOR PLAN8201 W McNab Rd | Tamarac, FL 33321

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

P. 14

DEMOGRAPHICS8201 W McNab Rd | Tamarac, FL 33321

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Population 1 Mile 3 Mile 5 Mile

Male 8,731 (44.74 %) 69,766 (46.67 %) 177,099 (47.10 %)

Female 10,786 (55.26 %) 79,726 (53.33 %) 198,909 (52.90 %)

Total Population 19,517 149,492 376,008

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 831 (4.26 %) 7,886 (5.28 %) 20,242 (5.38 %)

Ages 5-9 1,090 (5.58 %) 10,005 (6.69 %) 25,441 (6.77 %)

Ages 10-14 1,004 (5.14 %) 9,521 (6.37 %) 24,171 (6.77 %)

Ages 15-19 918 (4.70 %) 9,218 (6.17 %) 23,647 (6.29 %)

Ages 20-24 856 (4.39 %) 9,120 (6.10 %) 23,709 (6.31 %)

Ages 25-29 818 (4.19 %) 8,758 (5.86 %) 23,075 (6.14 %)

Ages 30-34 856 (4.39 %) 8,597 (5.75 %) 22,482 (5.98 %)

Ages 35-39 993 (5.09 %) 8,834 (5.91 %) 22,687 (6.03 %)

Ages 40-44 1,130 (5.79 %) 9,467 (6.33 %) 24,018 (6.39 %)

Ages 45-49 1,222 (6.26 %) 10,096 (6.75 %) 25,629 (6.82 %)

Ages 50-54 1,276 (6.54 %) 9,946 (6.65 %) 25,391 (6.75 %)

Ages 55-59 1,303 (6.68 %) 9,453 (6.32 %) 23,967 (6.37 %)

Ages 60-64 1,262 (6.47 %) 8,310 (5.56 %) 20,984 (5.58 %)

Ages 65-69 1,176 (6.03 %) 6,950 (4.65 %) 17,382 (4.62 %)

Ages 70-74 1,054 (5.40 %) 5,620 (3.76 %) 13,933 (3.71 %)

Ages 75-79 954 (4.89 %) 4,762 (3.19 %) 11,169 (2.97 %)

Ages 80-84 840 (4.30 %) 4,048 (2.71 %) 8,895 (2.37 %)

Ages 85+ 1,934 (9.91 %) 8,901 (5.95 %) 19,186 (5.10 %)

P. 15

DEMOGRAPHICS8201 W McNab Rd | Tamarac, FL 33321

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Household Income 1 Mile 3 Mile 5 Mile

Median Income $39,787 $51,577 $51,468

Less than $10,000 396 3,050 9,124

$10,000 -$14,999 784 3,386 8,074

$15,000 - $19,999 835 3,560 9,067

$20,000 -$24,999 651 4,013 8,984

$25,000 - $29,999 507 3,527 8,830

$30,000 - $34,999 418 3,417 9,160

$35,000 - $39,999 746 3,444 8,018

$40,000 - $44,999 647 3,399 8,659

$45,000 - $49,999 269 2,944 6,851

$50,000 - $59,999 701 5,136 12,990

$60,000 - $74,999 973 6,018 15,594

$75,000 - $99,999 918 7,697 17,681

$100,000 - $124,999 588 4,253 9,938

$125,000 - $149,999 156 2,121 5,503

$150,000 - $199,999 226 1,812 4,653

Greater than $200,000 238 1,119 2,692

Housing 1 Mile 3 Mile 5 Mile

Housing Units 10,442 67,466 170,878

Occupied Units 9,025 59,204 148,071

Owner Occupied Units 6,894 42,479 103,731

Renter Occupied Units 2,131 16,725 44,340

Vacant Units 1,417 8,262 22,807

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 13,094 82,563 200,784

Population Black 4,415 51,949 140,392

Population Am In/Ak Nat 2 66 182

P. 16

LOCATION MAP8201 W McNab Rd | Tamarac, FL 33321

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

P. 17