12
AXIS PARK AN ACCESS POINT FOR ALL OF MIAMI’S URBAN CORE MIAMI
AXIS PARKAN ACCESS POINT FOR ALL OF MIAMI’S URBAN CORE MIAMI
MIAMI AXISPARK
Miami Axis Park (MAP) is the premier site in Miami-Dade county for a company looking for an industrial build-to-suit facility. The central location and access makes it ideal not only to access both Miami International Airport (MIA) and Port Miami, but also the dense neighborhoods directly to the east. With a labor pool from the immediate neighborhood of Hialeah and ideal “last mile” access to Downtown, Brickell, Coral Gables, and Doral, MAP offers the ability to establish a premier industrial facility in a location that minimizes travel times and facilitates operations.
With the recent changes in consumer expectations, location and access to both ports and populations centers are critical for tenants searching for industrial space. As delivery routes require more and more density (shortest time between stops), proximity to these areas are critical. Miami-Dade County, with serious land constraints due to the Everglades to the West and Atlantic Ocean to the East, has had difficulty supplying industrial space to users; the result has been a very tight market. Developers and companies have had to locate on the western border of the county if they wished to occupy Class A facilities, until recently.
Lincoln Property Company (LPC), with its understanding of the changing needs for tenants, acquired this 20-acre site with existing buildings because the location is ideal for redevelopment. Redevelopment of well-located warehouses has been minimal in Miami due to high occupancy rates in even the oldest of buildings, but Lincoln saw the opportunity to do so at MAP.
Advantages of MAP Location• Centrality within Miami-Dade County• Immediate access to Miami’s labor force in Hialeah• Multiple routes with comparable distances to all
major ports• Access to executive labor in Downtown/Brickell/
Coral Gables• The city of Hialeah is known for being business-
friendly
MAP is situated almost perfectly central in the county, with dense neighborhood and population centers on each side: Doral to the West, Brickell/Downtown to the East, Hialeah surrounding it on various sides, and Coral Gables/8th Street to the South. This not only provides access to dense delivery routes, but also the shortest distance to Miami International Airport and Port of Miami as compared to other industrial areas in Miami.
1
MAP Build-to-Suit Offering• Situated on 20 acres• Future facility can be up to 400,000 SF• Customizable building• Experienced ownership group with track record
of working with BTS tenants
2
Port Everglades
MIA
MAP
Port of Miami
MIAMIMAP has an advantage in almost every category with companies that are focused on utilizing Miami-Dade County ports.
Port of Miami - To access Port of Miami, there are 3 viable routes that each take approx-imately 30 minutes. This gives a tenant at MAP the ability to circumnavigate traffic if one route becomes congested.
Miami International Airport (MIA) - MAP is situated 2 miles away for visitors flying in to visit the facility.
Comparison to Other Large Industrial Parks in Miami-Dade County
MIA Cargo Entrance - There are 2 routes, both roughly 15 minutes in length, to access Miami International Airport Cargo from MAP.
Port Everglades - Accessible via I-95 with option to switch over to FL Turnpike.
Miami Intl. Airport
Port of Miami Port Everglades Downtown Miami
MAP 5 miles (16 min) 8 miles (26 min) 28 miles (39 min) 7 miles
Beacon Lakes 7 miles (22 min) 18 miles (30 min) 38 miles (45 min) 16 miles
CountyLine 11 miles (20 min) 20 miles (35 min) 30 miles (42 min) 20 miles
Flagler Station 14 miles (17 min) 17 miles (32 min) 30 miles (35 min) 21 miles
Airport North Logistics
5 miles (13 min) 16 miles (30 min) 30 miles (45 min) 14 miles
3
AXIS PARKACCESS TO PORTS
Downtown Miami
44
MIAMI AXIS PARKPROPERTY VIDEO
TENANTS IN SURROUNDING AREAS
• Industry leaders have chosen to headquarter their operations in the Hialeah/Gratigny corridor; i.e., the area surrounding and to the north of MAP.
About the City of Hialeah• The City of Hialeah is a full-service city and
is the fifth most populous city in Florida. • Hialeah has a strong Mayor/Council form of
government. The Mayor, Carlos Hernandez, has been in office since 2011.
• Persons of Hispanic origin represent 75.5% of the Hialeah population, many of whom are blue-collar workers (median HHI: $26K - $28K) and represent an ideal labor pool for warehouse facilities. (2010 Census)
• Local bus routes within Hialeah give access a few blocks from site and location is just over a mile from Hialeah City Hall and the Police Station.
• For employees coming from across the county, there is easy access via the East-West Local-Stop Service on the Miami-Dade County Transit System, the Miami Metrorail to the north, and the Tri-Rail Station. The Hialeah Metrorail station is just 2.8 miles from MAP.
25% of the population in Miami-Dade County lives within 5 miles of MAP. The 2021 Census projects the population within a 5-mile radius of MAP will
be approximately 660,500 people.
L O G I S T I C S
DISTRIBUTION CENTER
5
MIAMI RENDERINGS
AXIS PARK
6
STATE OF THE ART CLASS A WAREHOUSE WITH DISTRIBUTION ACROSS ALL OF MIAMI-DADEMAP is well-poised for the execution of a near-term redevelopment strategy
due its strong existing cash flow, its unique size, and central location.
7
DESCRIPTION
• Warehouse/Distribution center• Cross dock configuration• 36’-40’ clear ceiling height• 7” reinforced concrete slab• 105 9’x11’ loading doors/positions• 60’ speed bays• Efficient 50’x52’ interior column spacing• 185’ single-loaded, concrete truck courts• 140 trailer storage spaces on site• LED warehouse lighting• ESFR sprinkler system
OFFICE• Build-to-suit• Mezzanine can be created to preserve floor
space
SIZETotal Land Area: ± 20.57 acres
Future Building: ± 400,000 SF
ADDRESS 725 Southeast 9th Court, Hialeah, FL 33010
LOCATION
The Property is bordered by SE 8th Street to the south, SE 5th Street to the north, SE 9th Court to the west, and the Tri-Rail on the east.It has immediate access to Miami International Airport, Miami Port, I-95, and Dolphin Expressway.
OCCUPANCY 2Q 2019
PARKING 1/1000 spaces
SECURITY Entire site can be fenced/secured
ZONING M-1
MIAMI AXIS PARKPOTENTIAL FEATURES
PRELIMINARY SITE PLAN
8
Owner: Lincoln Property CompanyABOUT LINCOLN PROPERTY COMPANY
Started in 1965, Lincoln Property Company has grown from a regional multi-family management company to become a nationally recognized, full service real estate development and service company. Lincoln’s expertise covers all major assets classes, through each phase of the asset cycle. Lincoln’s extensive development and management portfolio ranges from multi-family construction, development and management, to commercial and retail development and management, and even includes military housing communities.
In the early seventies, Lincoln began to diversify its product mix to include retail centers, high-rise offices, industrial properties, built-to-suit properties, and major, hotel-driven mixed-use developments. In 1990, after the fall of the Berlin Wall, Lincoln opened its first European office. In 1996, Lincoln and AIG Real Estate Investment Co. formed AIG/Lincoln as a development vehicle for European properties. Today, Lincoln Property Company’s residential and commercial developments are internationally recognized for their attractive architecture, attention to detail, and superior location.Lincoln Property Company has both commercial and residential presences in over 200 cities in the United States and ten countries throughout Europe. Lincoln has developed 76 million square feet of commercial office space, over 11 million square feet of specialty retail space, and 54 million square feet of industrial space. These commercial developments are landmarks in their communities, characterized by their bold design, excellent quality, and superior location. With a development portfolio that includes over 210,000 multi-family residential units, Lincoln is consistently listed as one of the largest apartment developers in the United States. Lincoln’s equally robust management portfolio exceeds 165,000 multi-family residential units and 250 million square feet of commercial space.
Lincoln Property Company Chairman, Mack Pogue, CEO / Presidents Tim Byrne and Bill Duvall, and Executive Vice President of European operations, Bernt Killingstad, oversee all development, management, and acquisition of residential and commercial properties. Each of these individuals retains a substantial ownership interest in the company and directs a talented staff of experts through all phases of the real estate cycle—from finance, to construction, through management and marketing. Lincoln’s unique corporate structure combines the depth of knowledge of its experienced corporate office with the reach and insight of strategically located regional offices. This approach provides Lincoln with a detailed view of America’s highly idiosyncratic local markets and trends, tempered by over 50 years of construction, ownership and management of one of the largest commercial real estate portfolios in the United States.
In those 50 years, Lincoln Property Company has earned its reputation as an effective, professional manager of residential and commercial properties by delivering economic prosperity through responsible stewardship of client assets. Since the 1990s, Lincoln has operated virtually debt free—and it is this unique combination of size, stability, and proven success which allows Lincoln to maximize asset potential through each phase of the economic cycle.
9
Commercial Property Experience
• 125 million+ SF of commercial development
• 250 Million+ SF Commercial Property Managed/Leased
Multi-Family Expertise
• 165,000 Multi-Family Units Managed• 13,000 Multi-Family Units Acquired
since 1995
Over a Decade of Acquisitions
• $7.5 billion of office and industrial acquisitions over the last 15 years.
Lincoln Property Company Commercial, Inc. would welcome the opportunity to work with you.Miami Office: 900 South Pine Island Rd. Suite 120, Plantation, FL 33324 / (954) 900-6055
Headquarters: 2000 McKinney Avenue, Suite 1000, Dallas, TX 75201 / 214-740-3300 / [email protected]
An Industry Leader
• 50-Year-Old privately held company• 7,000 Employees• 350 management offices and 45
administrative offices in the U.S.
10
Contact information
Jose I. Juncadella, SIORPrincipal | Senior AdvisorT 305 668 [email protected]
Sebastian JuncadellaAdvisorT 305 668 [email protected]
www.FairchildPartners.comLicensed Real Estate Brokers
