offering memorandum - loopnet · mia is poised for a continued surge in pharma logistics activity...
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BLANCACRE.COM
A rare opportunity to acquire +/- 3.93 acres of land with unparalleled frontage onto the Dolphin Expressway and Miami International Airport
OFFERING MEMORANDUM
Perimeter Road Development Site
Miami, Florida
INDEX
▪ Executive Summary
▪ Property Summary
▪ Survey
▪ Zoning
▪ Investment Highlights
▪ Site Photos
EXECUTIVE SUMMARY
Blanca Commercial Real Estate, Inc. is pleased to offer the 100% fee simple interest in the Perimeter Road Development Site, a
+/-3.93 acre parcel comprised of Folios 30-3035-000-0192, 30-3035-000-0193, and 30-3035-000-0011. Located on NW 12th Street
(Perimeter Road), this offering provides a rare opportunity to acquire a +/- 171,412 SF prime parcel of land with unparalleled
frontage onto Miami International Airport (“MIA”), prominently recognized as one of the busiest airports in the world.
Strategically positioned with +/- 300 linear feet onto Perimeter Road to the North and Dolphin Expressway SR-836 to the South,
this future development provides unmatched exposure quality within Miami Dade’s bustling Airport-West Commercial District.
Additionally, with a flexible IU-2 zoning designation and a development-friendly +/- 3.93 acre lot shape, this site awaits a savvy
developer to tap into its Industrial, Office or Hospitality potential.
With direct proximity to Miami International Airport, the tremendous opportunity to benefit from one of South Florida’s main
economic trade engines awaits. Designated as the USA’s Number 1 airport for international cargo & freight activity, an
astounding 65% of all perishable imports and 80% of all USA-Latin America air trade occurs at the footsteps of this land parcel.
Moreover, identified as the 1st airport in the country (and only the 2nd in the world) to be certified as a “Pharma Freight Hub”,
MIA produced 48% year-over-year growth in its pharmaceutical cargo registering a phenomenal 2016 revenue of $4.4 billion.
Additionally, Miami International Airport’s volume of passengers ranks in the Top 10 for domestic flights and Number 2 for
International. As a result, Miami has continually been named as a “Top 5 Destination” for international tourists since 1990.
Enhanced by its central position to all commercial hubs in South Florida, the property provides premium access to Downtown
Miami, Coral Gables, & Doral. Additionally, the site enjoys ease of access to all major commercial thoroughfares such as Dolphin
Expressway SR-836, Palmetto Expressway SR-826, I-95, Florida Turnpike, and Airport Expressway SR-112 affording future
property users the ability to access all parts of South Florida within a matter of minutes.
Perimeter Road Development Site provides unlimited value to an investor. The property is an amazing destination for an
Industrial, Office or Hotel asset and is generously supported by the flourishing dynamics of MIA airport, ease of transportation
network, and strength of each asset class’ sub-market.
PROPERTY SUMMARYPROPERTY SUMMARY
SALE TYPE Fee Simple Interest
PROPERTY TYPE Vacant Commercial Land / Development Site
LOCATIONAdjacent to Miami International Airport, on Perimeter Road in Miami FL 33126
PARCEL ID’s Folios # 30-3035-000-0192 # 30-3035-000-0193 # 30-3035-000-0011
SITE AREA +/- 171,412 SF of Land
ACRES +/- 3.93 acres
2016 RE TAX $27,743.40
ZONING I U - 2
PERMITTED USESIncludes: Hotel, Office, Industrial Warehouse, Cold Storage, Licensed Pharmaceutical Storage
FRONTAGE +/- 300 Linear Feet on each of : Perimeter Road & Dolphin Expwy SR-836
TRAFFIC COUNT
200,000 vehicles per day ( Dolphin Expwy SR-836 )
430,000 vehicles per day ( re- interchange of Dolphin Expwy SR-836 & Palmetto Expwy SR-826)
SURVEY
ZONING
PERMITTED USES INCLUDE :
HEAVY INDUSTRIAL MANUFACTURING HOTEL
LIGHT INDUSTRIAL MANUFACTURING OFFICE
WHOLESALE DISTRIBUTION FACILITIES WAREHOUSING & STORAGE
LICENSED PHARMACEUTICAL
STORAGEWHOLESALE SHOWROOM
RESTAURANTS PARKING LOTS
COMMUTER COLLEGE/ UNIVERSITY BREWERY
InvestmentHighlights
4
SOLID OFFICE MARKET
INVESTMENT HIGHLIGHTS
STRATEGIC LOCATION
1LOCATION AND ACCESS
Unparalleled access to a complete transportation nexus: Miami International Airport, Hialeah Intermodal Railyard,
SR 826/ Palmetto Expressway, Florida Turnpike, SR-836/ Dolphin Expressway, Interstate 95, Port of Miami.
INVESTMENT HIGHLIGHTS
COMPELLING INDUSTRIAL PROFILE
2
Airport/ Doral Sub-Market Dominates Miami-Dade County’s Industrial Metrics
INVESTMENT HIGHLIGHTS
COMPELLING INDUSTRIAL PROFILE
2
MIA Total Annual International Air Freight
Ranked #1 USA
Ranked #10 Global
Annual Air Trade Between USA & LATAM
83 % of all Imports to USA handled by MIA
79 % of all Exports from USA handled by MIA
Miami International Airport Cargo Statistics
MIA Annual Air Trade Via LATAM / Value
MIA / LATAM Air Trade Value $ 40.7 billion
Brazil $ 10.8 billionColombia $ 5.2 billionChile $ 3.3 billionPeru $ 2.7 billion Argentina $ 2.5 billionSub-Total / Top Countries : $ 24.5 billion
All Other LATAM Regions : $ 16.2 billionGrand Total : $ 40.7 billion
MIA Total Annual Air Trade Value
MIA Total Air Trade Value $ 57.3 billion
South America $ 29.5 billionCentral America $ 4.4 billionCaribbean $ 6.8 billionLATAM Total : $ 40.7 billion
Europe $ 11.4 billionAll Other $ 5.2 billionGrand Total : $ 57.3 billion
INVESTMENT HIGHLIGHTS
COMPELLING INDUSTRIAL PROFILE
2
MIA Is the Key Staging Point For All Flowers,
Fish, Fruit & Vegetables Imported Into The USA:
USA Imports Annual Tons MIA Cargo Share
Flowers 241,049 89 %
Fruit & Vegetables 228,212 67 %
Fish 352,564 50 %
All Perishables : 65 %
Subject Property is the perfect site for
development of a cold storage warehouse
catering to the perishables trade
INVESTMENT HIGHLIGHTS
COMPELLING INDUSTRIAL PROFILE
2
MIA is Poised for a Continued Surge in Pharma Logistics Activity
MIA 2016 Total Pharma Cargo Volume
$4.3 Billion
48 % Year Over Year Growth 2015 to 2016
140 % Growth from 2010 to 2016
MIA Designation As “Pharma Freight Hub”
1st USA Airport to be certified as such by IATA,
and only 2nd in the world to receive this
designation. IATA recognized MIA in this
regard due to the depth of training and
expertise established by MIA for the safe and
secure handling of sensitive pharma products.
INVESTMENT HIGHLIGHTS
COMPELLING INDUSTRIAL PROFILE
2 MIA engages The Cargo Community in the IATA CEIV Pharma Certification Program in
order to prepare logistics providers to become experts on the proper handling of sensitive
pharma products shipped by air.
The Pharma Industry requires rigorous training & compliance to protect the dollar value and
material integrity of highly sensitive pharma products. The global scale of pharma cold
chain logistics & transport is expected to surge over the near term as a sustainable high
volume transport commodity.
CEIV Pharma Certification Participants :
Based on the leadership role established by MIA for the transport &
logistic handling of sensitive pharma products, the Subject Property
could potentially be developed as a cold chain facility intended to
manage the critical process for worldwide corporations.
INVESTMENT HIGHLIGHTS
COMPELLING INDUSTRIAL PROFILE
2 MIA is a Founding Member of Pharma.Aero
AIRPORT WEST DADE OFFICE MARKET C O M P L E T E D T R A N S A C T I O N S S P A C E A N A L Y S I S ( C L A S S A & B )
4 8 . 6 % A R E G R E A T E R T H A N 5 , 0 0 0 S F
H I S T O R I C A L P E R F O R M A N C E | V A C A N C Y
S I N C E 2 0 1 3 , C L A S S A
R A T E S H A V E I N C R E A S E D
B Y 17%
0 - 999 RSF6%
1,000 - 1,999 RSF20%
2,000 - 2,999 RSF16%
3,000 - 3,999 RSF8%
4,000 - 4,999 RSF1%
5,000 - 7,499 RSF11%
7,500 - 9,999 RSF14%
10,000 - 19,999 RSF16%
20,000+ RSF8%
H I S T O R I C A L P E R F O R M A N C E | W E I G H T E D A V E R A G E A S K I N G R E N T
C l a s s A v a c a n c y s l i g h t l y i n c r e a s e d d u e t o t h e d e l i v e r y o f 8 0 0
W a t e r f o r d a t B l u e L a g o o n .
T h i s + / - 2 4 6 , 0 8 5 S F C l a s s A O f f i c e P r o p e r t y w a s
d e l i v e r e d 4 3 % p r e -l e a s e d .
3 9 . 8 % 5 4 . 3 %
INVESTMENT HIGHLIGHTS
INVESTMENT HIGHLIGHTS
STRONG HOTEL STATISTICS
4
Greater Miami Convention & Visitors Bureau HOTEL Statistics :
2016 Occupancy MIA Airport Hotels: 86.4% Rank # 1 of 12 Local Markets
2016 Occupancy Doral Hotels: 79.4% Rank # 2 of 12 Local Markets
MIA Airport Passenger Service Metrics
2016 Grand Total Passengers Ranked #10 in USA
2016 Total International Passengers Ranked #2 in USA
70 % OF CRUISE PORT PASSENGERS ACCESS VIA MIA
Annual Spending By Visitors To Miami = $14.3 Billion
Amount Of Total Spent On Hotels = $5.5 Billion 38% Of Total
Subject Property
is a strong site for
development of a
Hotel, based on
the performance
of the consistent
performance of
MIA’s airport
market .
SITE PHOTOS
SITE PHOTOS
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