Office Building

2206 Hollywood Blvd. Hollywood, FL

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HIGHLIGHTS

Desirable location on Hollywood Blvd. just minutes from Downtown Hollywood with good proximity downtown Fort Lauderdale

Newly Built in 2001 with quality concrete block construction and impact glass windows. Fully ADA compliant

Suited well for an owner-user to take up the entire space or use a portion and lease a portion to lower their cost basis

Hollywood Blvd. beautification project is to be completed in less than 1.5 years and will include: pedestrian friendly sidewalks, new lighting and landscaping, and ample on street parking.

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PROPERTY INFORMATION

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Location

The property is located at 2206 Hollywood Blvd in Hollywood, FL. It sits just east of the I-95 inter-change and just west of Young Circle Park.

• This office is walking distance from Downtown Hollywood with numerous restaurants, shops, etc

Property Description

The subject property was built in 2001 and is 3,700 square feet. The building is a two-story office building completely built out, updated and ready for an owner user or tenants. The construction is concrete block and has all impact glass windows. The building appears to be in great physical con-dition. Each floor features at least 4 large offices and space for many more desks.

Asset Summary

Building Size 3,700 SF

Number of Floors 2 floors

Parking Spaces 6 & on-street parking

Year Built 2001

Vacancy Owner occupied

Folio 5142-16-01-3020

ASking Rent $25 NNN

Asking Price $1,200,000

Asking Price $1,200,000 or $25/sf NNN

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FLOOR PLAN – FIRST FLOOR

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FLOOR PLAN – SECOND FLOOR

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OFFICE MARKET INFORMATION

MARKET SUMMARY

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HOLLYWOOD & LAUDERDALE OFFICE MARKET

South of the city of Fort Lauderdale, the Hollywood Submarket is a center for employment in healthcare and retail trade, and its two main office nodes are along Hollywood Boulevard and Sheridan Street. Some of the major em-ployers here include Home Depot, Lowe’s, Target, and Kmart. Some of the largest owners are MetLife, Yashasim LLC, WSG Development, Seminole Tribe of Florida, and GRE Properties. The vacancy rate was one of the tightest in the metro through late 2017.

Fort Lauderdale’s employment gains continue to outperform the nation’s. Like all of South Florida, Fort Lauder-dale is benefiting from sizable population growth, which will help maintain job growth in the education and health services sector. The metro has a higher-than average concentration of jobs in the professional and business ser-vices sector. Growth in these white-collar jobs has outpaced the national average over the last 10 years and is ex-pected to continue to do so. Notably, office jobs account for a slightly higher concentration of employment in Fort Lauderdale than they do in the Miami

** From CoStar

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COMPARABLE RENT COMPS

**All information available upon request

Property Lease Rate Type of Lease

1.) 3830 Hollywood Blvd $36.00 MG

2.) 3816 Hollywood Blvd $24.57 NNN

3.) 200 S Park Rd $21 NNN

4.) 3801 Hollywood Blvd $32 MG

5.) 2001 Hollywood Blvd $31.50 FS

6.) 501 Golden Isles Dr $31 MG

7.) 134 S Dixie Hwy $30 MG

8.) 2 Oakwood Blvd $20 NNN

9) 1 Oakwood Blvd $19.60 NNN

No. Peers

17Gross Direct Asking Rent

$30.02Availability Rate

23.1%Vacancy Rate

8.8%

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COMPARABLE SALE COMPS

** All Information Available upon request** All Sales within the trailing 12 months and within a 3-mile radius

Property Sale Price Price / Sq Ft

1.) 1946 Tyler St $1,900,000 $308

2.) 2045 Sherman St $650,000 $332

3.) 699 S Federal HWY $585,900 $255

4.) 308 N Federal HWY $1,800,000 $265

5.) 20450 W Dixie HWY $1,218,000 $265

6.) 4700 Sheridan St $985,000 $296

7.) 4131 Hollywood Blvd $1,350,000 $329

8.) 20895 E Dixie Hwy $790,000 $293

Average $1,159,862 $293

Sales Comparables

17Avg. Cap rate

8.0%Avg. Price/SF

$279Avg. Vacancy At Sale

8.1%

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INTERIOR PHOTOS

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INTERIOR PHOTOS

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EXTERIOR PHOTOS

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EXTERIOR PHOTOS

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EXTERIOR PHOTOS

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HOLLYWOOD BLVD COMPLETE STREET PROJECTS

In May 2013, the City successfully applied for a grant from the Broward Metropolitan Planning Organization (MPO) for a “Complete Streets” project along Hollywood Boulevard from City Hall to Dixie Highway. The City was awarded a grant for approximately $7.6 million with the caveat that the design incorporates “Complete Streets” guidelines. This project will be Broward County MPO’s flagship project and will serve as a model for future County “Complete Streets” endeavors

CONSTRUCTION START: July of 2017

CONSTRUCTION DURATION: 1.5 – 2 years

A summary of improvements that the plan proposes for this area is as follows:

• New paving, striping and surface drainage configuration

• New colored concrete walks

• New pedestrian cross walks with center refuge median and center walkway spline

• New 5-foot wide bike lanes with buffer zone

• New pedestrian scale lighting

• New ornamental plantings along the corridor (trees, palms, flowering shrubs and groundcover)

• New site furnishings including functional public art

• New American with Disabilities Act-compliant (ADA) parking spaces and accessible ways

• New ornamental shade structures at crosswalks

• Safer parking configuration

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MAPS & AERIALS

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MAPS & AERIALS

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MAPS & AERIALS

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MAPS & AERIALS

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LIMITATIONS AND DISCLAIMER

This report is considered to be Confidential Information concerning 2206 Hollywood Blvd. (the ‘Seller”) asset in Hollywood, Florida. This document has been directly delivered by RealtyMasters Commercial Corp(“Realty Masters” or “Broker”) to interested parties for their sole use in evaluating a transaction with the Seller. Use of this information for other purposes or distribution (all or in part) of this information to other parties is prohibited without prior written consent of Realty Masters and the Seller.

This Confidential Information is not to be disclosed, directly or indirectly, to any third party, except the following persons as necessary to assist you in evaluating any proposed transaction: (a) your employees, officers and directors; (b) your agents and representatives, including attorneys, accountants, financial advisors and other professional advisors and consultants who need to know such information for the purpose of evaluating such possible transaction and (c) applicable regulatory agencies having the jurisdiction over you ((a), (b), and (c) individually, a “Permitted Party” and collectively, the “Permitted Parties”). Provided, however, that before providing the Confidential Information to any Permitted Party, you shall inform such Permitted Party of the confidential nature of this information. No representation or warranty, express or implied, is made as to the accuracy of the information set forth herein. Any party seeking to enter into a transaction with the Seller is responsible for completing appropriate due diligence as they shall determine.

TERMS & CONDITIONS

The Seller has engaged RealtyMaters Commercial Corp (“Realty Masters”) to serve as the exclusive real estate broker to market and receive offers on the property. All offers should be made subject to the Limitations and Disclaimers, as well as, but not limited to, consideration of the following assumptions:

All sales are “As-Is”. Buyers are strongly encouraged to complete their own due diligence related to but not limited to, the value, condition and status of the asset.

The Seller will deliver free and clear title to the property.

Realty Masters and the Seller make no representation as to the description, condition, or suitability of the property.

The property described in this document may not be available for sale due to the Seller’s negotiations with buyers. Neither the Seller nor Realty Masters are required to update this document to reflect such changes

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STATEWIDE COMMERCIAL BROKERAGE

Main Office: 208 SE 9th Street Ft Lauderdale, FL 33316

Licensed Real Estate Brokers

PRIMARY CONTACT:

John CsapoP: 954-614-1600E: JC@RMAfla.com

Bubba KassalP: 954-214-8321E: BK@RMAfla.com

All inquires and offers should be submitted to the listing broker

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