3685 W. Oakland Blvd + Land
3685 W Oakland Park Blvd.Lauderdale Lakes, FL 33311
Offering Memorandum
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions,change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of theproperty. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
3685 W. Oakland Blvd + LandCONTENTS01 Executive Summary
Investment Summary 5 Location Summary 6
02 Property Description Property Features 8 Aerial Map 9 Property Images 10
03 Sale Comps Sale Comparables Map 21 Sale Comparables Summary 22
04 Sales Analysis26 Summary of Improved Sales
Improved Sales Analysis 27
05 Demographics Demographics 29
Arthur Porosoff P.A.CRE Advisor Multifamily Hotel DevelopmentD Stone Realty(305) 733-6066License # FL [email protected]
Carlos A. RuizIndustrial Specialist Real Capital Partners, LLC2950 SW 27 Ave #100Miami, FL 33133(305) [email protected]
3685 W. Oakland Blvd Confidentiality and Disclaimer | 03
CONFIDENTIALITY AND DISCLAIMER:
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from D Stone Realty LLC and it should not be made available to any other person or entity without the written consent of D Stone Realty LLC.
By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to D Stone Realty LLC . This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. D Stone Realty LLC has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, D Stone Realty LLC has not verified, and will not verify, any of the information contained herein, nor has D Stone Realty LLC conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT D STONE REALTY LLC FOR MORE DETAILS.Copyright © 2019 D Stone Realty LLC. All Rights Reserved.
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Executive Summary
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Location Summary
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OFFERING SUMMARYADDRESS 3685 W Oakland Park Blvd.
Lauderdale Lakes FL 33311
COUNTY Broward
NET RENTABLE AREA (SF) 15,872
LAND SF 99,987 SF
YEAR BUILT 2004
FOLIO # 4942-19-18-0012 & 4942-19-18-0013
FINANCIAL SUMMARYOFFERING PRICE $3,345,000
PRICE PSF $210.75
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2018 Population 30,774 183,798 489,908
2018 Median HH Income $38,090 $39,008 $44,663
2018 Average HH Income $49,746 $52,354 $61,639
Property Highlights:
- 15,872 SF made up of 12,672 SF of warehouse and 3,200 SF, 20%of Office Buildout. 65,342 SF, 2.3 Acres of Land.
- Year Built 2004. Property is been optimally designed for anautobody repair and collision center. It currently has 2 spraybooths, 2 prep rooms, 3 cutting rooms, and 1 mixing station.
- 3 Phase Heavy Power with amperage ranging between 225 to400 Amps for power heavy machinery.
- 18-26 ft. clear height
- Bar and Joist Metal Roof
- 41 Parking Spaces
- Land to Building Ratio 6.3
- 12 Street Level Loading Bays
3685 W. Oakland Blvd Property Images | 06
3685 W. O
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Aerial Map
Parcel Map
Additional Maps
Property Images
3685 W. Oakland Blvd Property Features | 08
GENERAL IMPROVEMENTS DESCRIPTION
Bldg/Component Desc Bldg/Component 1
Construction Detail
Mechanical Detail
SHOP EQUIPMENT INCLUDED IN SALE
1 Chief Goliath frame machine 1 Strut spring 1 Black jack frame machine (102921)1 Brewco frame machine1 Millermatic 212 mig welder (Lj251242)1 Body Builder frame machine1 EZ Liner 25 frame machine1 floor pallet jack 1 plastic pallet 1 blue lift (85661-20)1 Garmat down draft paint booth (A0803E0071010)1 Garmat down draft paint booth (A0803E007009)2 double prep stations 1 single prep station 1 fork lift 90138MC-0094-0305FA)1 Aromstar measuring system 1 robin air ac machine 1 metal cage for gas tanks 1 red floor lift 1 green compactor (2300LH)1 rotary lift (Last 5 533323)1 bend pack lift 4 blue compressors 1 Euro vac station 1 transmission stand 5 floor jack stands 1 engine lift 1 Proker Lift (72222-5)1 wheel balancer 1 tire changer 1 snap on alignment rack (v44AB016)1 floor alignment rack (EJ68444)1 Chief Frame maching EZ liner (S211E279657)1 Ultra mig welder (ULT200033100009)
3685 W. Oakland Blvd Zoning Map
3685 W. Oakland Blvd Aerial Map | 09
3685 W. Oakland Blvd Property Images | 10
3685 W. Oakland Blvd Property Images | 11
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3685 W. Oakland Blvd Property Images | 13
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3685 W. Oakland Blvd Property Images | 18
3685 W. Oakland Blvd Property Images | 19
3685 W. O
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Sale Comps
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Sale Comparables
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# Property Name Address City
S 3685 W. Oakland Blvd 3685 W Oakland Park Blvd. Lauderdale Lakes1 2895 W. Prospect Rd 2895 W. Prospect Rd Tamarac2 5239 N. Hiatus Road 5239 N. Hiatus Road Sunrise3 5410 NW 12th Ave 5410 NW 12th Ave Ft. Lauderdale4 122 NE 32nd St 122 NE 32nd St Oakland Park Blvd5 3501 NW 54th St 3501 NW 54th St Fort Lauderdale
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1
2895 W. Prospect Rd2895 W. Prospect RdTamarac, FL 33309
YEAR BUILT 1980
SALE PRICE $1,275,000
CLOSING DATE 3/9/2018
2
5239 N. Hiatus Road5239 N. Hiatus RoadSunrise, FL 33351
YEAR BUILT 2000
SALE PRICE $950,000
CLOSING DATE 12/15/2018
3685 W. Oakland Blvd Sale Comparables Summary | 23
3
5410 NW 12th Ave5410 NW 12th AveFt. Lauderdale, FL 33309
YEAR BUILT 1977
SALE PRICE $1,435,000
CLOSING DATE 5/20/2019
4
122 NE 32nd St122 NE 32nd StOakland Park Blvd, FL 33334
YEAR BUILT 1978
SALE PRICE $1,300,000
CLOSING DATE 5/16/2019
3685 W. Oakland Blvd Sale Comparables Summary | 24
5
3501 NW 54th St3501 NW 54th StFort Lauderdale, FL 33309
YEAR BUILT 1991
SALE PRICE $2,000,000
CLOSING DATE 8/15/2018
S
3685 W. Oakland Blvd3685 W Oakland Park Blvd.Lauderdale Lakes, FL 33311
RSF 15,872
YEAR BUILT 2004
ASKING PRICE $2,825,000
PRICE/SF $177.99
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Sales Analysis
Summary of Improved Sales
Improved Sales Analysis
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SUMMARY OF IMPROVED SALES WITH ADJUSTMENTS
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IMPROVED SALES ANALYSIS
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Demographics
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3685 W. Oakland Blvd Demographics | 29
POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 27,537 168,742 452,693
2010 Population 28,911 170,502 453,493
2018 Population 30,774 183,798 489,908
2023 Population 32,044 193,673 518,085
2018 African American 26,054 131,803 248,705
2018 American Indian 60 466 1,438
2018 Asian 375 3,007 12,048
2018 Hispanic 1,787 22,488 102,425
2018 White 3,065 38,613 191,557
2018 Other Race 414 4,607 19,691
2018 Multiracial 799 5,213 16,161
2018-2023: Population: Growth Rate 4.05 % 5.25 % 5.60 %
2018 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 1,794 11,064 25,857
$15,000-$24,999 1,441 9,454 23,190
$25,000-$34,999 1,605 9,544 23,602
$35,000-$49,999 1,837 11,214 30,884
$50,000-$74,999 2,109 12,808 35,626
$75,000-$99,999 990 6,434 20,865
$100,000-$149,999 657 5,101 18,816
$150,000-$199,999 142 1,362 6,018
$200,000 or greater 106 814 4,669
Median HH Income $38,090 $39,008 $44,663
Average HH Income $49,746 $52,354 $61,639
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 11,642 72,017 196,901
2010 Total Households 10,179 63,757 177,432
2018 Total Households 10,682 67,794 189,527
2023 Total Households 11,063 71,092 199,786
2018 Average Household Size 2.84 2.69 2.56
2000 Owner Occupied Housing 6,186 40,312 113,253
2000 Renter Occupied Housing 3,887 24,071 65,567
2018 Owner Occupied Housing 5,854 36,478 102,091
2018 Renter Occupied Housing 4,828 31,317 87,435
2018 Vacant Housing 2,060 11,331 28,118
2018 Total Housing 12,742 79,125 217,645
2023 Owner Occupied Housing 6,291 39,359 109,999
2023 Renter Occupied Housing 4,772 31,733 89,787
2023 Vacant Housing 2,065 11,397 28,361
2023 Total Housing 13,128 82,489 228,147
2018-2023: Households: Growth Rate 3.50 % 4.75 % 5.30 %
Source: esri
3685 W. Oakland Blvd + Land
Arthur Porosoff P.A.CRE Advisor Multifamily Hotel Development D Stone Realty LLC(305) 733-6066License # FL [email protected]
Carlos A. RuizIndustrial Specialist Real Capital Partners, LLC2950 SW 27 Ave #100Miami, FL 33133(305) [email protected]