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Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm...

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FOR SALE / AUTO-BODY SHOP 100% LEASED / WITH REAL ESTATE LAND OFFERING MEMORANDUM "OM" BROKER CONTACTS: LEONARD WERNER DIRECTOR COMMERCIAL REAL ESTATE Optimar International Realty Commercial Advisors 786-537-0939 [email protected] OFFICES: 18246 Collins Avenue, Sunny Isles, Florida 33160 1000 Brickell Ave. Suite 100, Miami, Florida 33131 One Grand Central #1502 Manhattan, New York 10165 Visit Our Website: http://commercial.optimar.com 3780 NW 52nd St Miami, FL 33142 - Hialeah Ind Submarket Fernando Alpern Vice President | COO Development Sales Vice President Luxury Residential & Commercial Real Estate C: 305-491-6626 | O: 305-947-0477 | F: 305-602-9723 | BS.AS: 5353-0766 f[email protected] | www.fernandoalpern.com | www.optimar.com OPTIMAR EXCLUSIVE LISTING
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Page 1: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

FOR SALE / AUTO-BODY SHOP100% LEASED / WITH REAL ESTATE LAND

OFFERING MEMORANDUM "OM"BROKER CONTACTS:

LEONARD WERNERDIRECTOR COMMERCIAL REAL ESTATE

Optimar International Realty Commercial Advisors 786-537-0939

[email protected]

OFFICES:18246 Collins Avenue, Sunny Isles, Florida 33160 1000 Brickell Ave. Suite 100, Miami, Florida 33131 One Grand Central #1502 Manhattan, New York 10165

Visit Our Website:

http://commercial.optimar.com

3780 NW 52nd StMiami, FL 33142 -

Hialeah Ind Submarket

Fernando Alpern Vice President | COODevelopment Sales Vice PresidentLuxury Residential & Commercial Real EstateC: 305-491-6626 | O: 305-947-0477 | F: 305-602-9723 | BS.AS: 5353-0766 [email protected] | www.fernandoalpern.com | www.optimar.com

OPTIMAR EXCLUSIVE LISTING

Page 2: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

HIALEAH, FLORIDA / OFFERING

TABLE OF CONTENTS

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

1. PROPERTY INFORMATION 4

2. LOCATION INFORMATION & COMPARABLES 7

3. ADDITIONAL INFORMATION 10

OFFERING PRICE: $1,150,000.00 (One Million One Hundred FiftyThousand Dollars)

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CBS Industrial building, 204' X 50' (10,200 sq ft) + approx. 1,800 sq ft CBS room with 12' ceilings. Fully secured, fenced yard all concrete! 50K birdge crane power in all directions outside on a steel rail. 30K lb

crane inside bldg on overhead rails with power in all directions. **Property is on RAILROAD spur**Thousands in electrical upgrades including 200 AMP/220 Volt 3 Phase. There is a 100KVA transformer which provides 440V/220V/100V. Bldg is fully Sprinkle system. Pitched Roof, 14' ceiling under beams. Office space

has Central Air and is approx. 36'X16'. There is a PAINT BOOTH ON PROPERTY + ADDITIONAL FLAT ROOF CONNECTED TO BLDG. Multiple overhead doors. AIR & ELECTRIC ARE PROVIDED THROUGHOUT THE BUILIDNG

WITH NUMEROUS CONNECTORS. AIR IS SUPPLIED BY A 15HP COMPRESSOR.Railroad access in East Hialeah!!!

Page 3: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

FOR SALE | AUTO BODY SHOP INCLUDING REAL ESTATE LAND

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

OPTIMAR EXCLUSIVE LISTING OFFERING PRICE:

$ 1,150,000.00 Cap Rate: 8%

3780 NW 52nd St Miami, FL 33142 -

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Fernando Alpern Vice President | COO

Optimar Commercial Advisors

100% LEASED WITH GREAT INCOME

Page 4: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

AUTO BODY SHOP WITH REAL ESTATE LAND

DISCLAIMER

The material contained in this Offering B rochure i s f urnished s olely f or t he p urpose o f c onsidering t he p urchase o f t he p roperty w ithin a nd i s n ot t o b e u sed for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the BROKER or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the BROKER Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the BROKER.

Neither the BROKER Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. F urther, the BROKER Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the BROKER Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the BROKER Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

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Page 5: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

FOR SALE |

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

1 PROPERTY INFORMATION

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Page 6: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

SECTION 1 | PROPERTY CITY INFORMATION

HIALEAH, FLORIDA

Hialeah Summary Location Overview

www.svnflorida.comMORE INFORMATION AVAILABLE ONLINE:

Tri-Rail is a commuter rail line linking Miami, Fort Lauderdale, and West Palm Beach, Florida. It is managed by the South Florida Regional Transportation Authority (SFRTA) along CSX Transportation's former Miami Subdivision, the line now wholly owned by the Florida DOT. The 70.9-mile-long (114.1 km) system has 18 stations along the Southeast Florida coast, and connects directly to Amtrak at numerous stations, and to Metrorail at the Tri-Rail Mertorail Transfer Station and at Miami Airport station.

ASKING PRICE: $1,150,000.00

The subject properties are “value add” opportunity, where an investor could improve the business and increase rental revenue. Hialeah is a city in Miami-Dade County, Florida, United States. As of the 2010 census, Hialeah has a population of 224,669. Hialeah is the sixth-largest city in the state. It is a principal city of the Miami metropolitan area, which was home to an estimated 6,012,331 people at the 2015 census. It is located west-northwest of Miami, and is the only place in the county, other than Homestead, Florida, to have its own street grid numbered separately from the rest of the county (which is otherwise based on Miami Avenue at Flagler Street in downtown Miami, the county seat). Hialeah is served by the Miami Metrorail at Okeechobee, Hialeah, and Tri-Rail/Metrorail Transfer stations. The Okeechobee and Hialeah stations serve primarily as park-and-ride commuter stations to commuters and residents going into Downtown Miami, and Tri-Rail station to Miami International Airport and north to West Palm Beach.Palm Avenue in Hialeah

The City of Hialeah is a full service city. Services include Police, Fire, Water & Sewer, and Public Works. The City has a long history of providing these services; all of which are of an excellent quality and are in very high demand. A myriad of recreation and education programs to residents are low-cost or free. Residents have access to a library system with one Main and five branch libraries; an Education and Community Services Department with after-school and camp programs, and Hialeah Reads!, a city-wide literacy initiative. Four adult centers with a daily lunch program offer a wide range of activities of interest to seniors. Adults with developmental disabilities may participate in the City’s adult therapeutic recreation center and day program. The Parks and Recreation Department has 15 fully-staffed parks, 7 pools, 2 tennis centers, sport leagues, a cultural arts theater, and an Early Prevention & Intervention program for youth. The City offers a wide range of free cultural activities, programs and events that appeal to the different backgrounds of its residents, enriching community life in Hialeah. The Art on Palm Festival, Eggstravaganza, the Independence Day Celebration and Santa’s Snowblast are just a few of the annual city-wide events that Hialeah families enjoy. Hialeah, incorporated in 1925, has a long and proud history. One of the city's most important and nationally well-known historic sites is the Hialeah Park Racetrack, built in 1925. Hialeah Park is an important part of Hialeah's future as well. After a short period when the Park was closed to racing, Hialeah Park reopened in November 2009 with quarter horse racing and is currently undergoing a multi-staged full restoration. Exciting plans call for the construction of an entertainment complex to include a hotel, restaurants, casinos, stores and a theater. Just as Hialeah's past is an important part of its future, so is a new, recently annexed three square mile area, "Hialeah Heights," to be developed soon into a beautiful residential and commercial area in the northwest part of the City.

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Owner
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Owner
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Page 7: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

HIALEAH, FL FOR SALE | AUTO BODY SHOP & REAL ESTATE LAND

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

2 LOCATION INFORMATION

Owner
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Page 8: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

SECTION 2 | COMPARABLE INFORMATION

HIALEAH, FLORIDA

COMPARABLES

(COMPS USED FOR BUILDING & PROPERTY VALUE "ONLY" (NOT INCLUDI, NG INCOME APPROACH )

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***SEE DETAILED LIST FOLLOWING PAGE ***

Page 9: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

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Page 10: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

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Page 11: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

Summary Demographics Daytime Employment Consumer Spending Traffic

graph: prev | next radius quick stats

Population 1 Mile 3 Mile 5 Mile

20,107 208,377 619,624

20,962 217,711 646,561

4.25% 4.48% 4.35%

2016 Total Population:

2021 Population:

Pop Growth 2016-2021:

Average Age: 41.90 40.40 40.80

Households

6,225 67,453 212,202

4.24% 4.32% 4.11%

$27,602 $25,608 $27,849

3.20 3.00 2.80

2016 Total Households:

HH Growth 2016-2021:

Median Household Inc:

Avg Household Size:

2016 Avg HH Vehicles: 2.00 1.00 1.00

Housing

Median Home Value: $167,746 $166,660 $179,117

Median Year Built: 1958 1963 1965

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DEMOGRAPHICS

Page 12: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

FOR SALE | LAND/ AUTO BODY SHOP

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

3 ADDITIONAL INFORMATIONFIANCIAL SUMMARY

3780 NW 52nd St Miami, FL 33142 - Hialeah Ind Submarket

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***100% LEASED PROPERTY GREAT INCOME PRODUCING OPPORTUNITY WITH REAL ESATE LANDINCLUDED IN OFFERING PRICE.

Page 13: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

TOTAL GROSS INCOME: $ 135,200.00

Annual Expenses: Taxes: $8,815.00 4,800.00FPL

Water/ Sewer: 2,760.00 Alarm / Internet: 1,200.00

Insurance: 18,720.00 Misc. / Maintenace: $12,905.00

Total Annual Expenses: $ $48,000.00

Estimated: Net Operatering Income: $87,200.00 @ 8% cap rate approximate

Selling Price: $1,150,000.00

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AUTO BODY SHOP / REAL ESTATE LANDHIALEAH, FLORIDA

Page 14: Offering Memorandum (L) · Palm Avenue in Hialeah International Airport and north to West Palm Beach. The City of Hialeah is a full service city. Services include Police, Fire, Water

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

SECTION 3 | ADDITIONAL INFORMATION

RELEASE OF FINANCIAL DOCUMENTS

MUST EXECUTE NDA FOR RELEASE OF FINANCIAL DOCUMENTS ON BUSINESS & PROPERTY OFERING

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