retail property for sale 1806 sw 22 ave€¦ · retail property for sale miami, fl 33145 1806 sw 22...

RETAIL PROPERTY

FOR SALE

MIAMI , FL 33145

1806 SW 22 AVE

901 NE 79 ST

MIAMI, FL 33138

APEXCAPITALREALTY.COM

PRESENTED BY:

MIGUEL PINTO

[email protected]

PROPERTY INFORMATION 3

LOCATION INFORMATION 8

FINANCIAL ANALYSIS 12

SALE COMPARABLES 15

DEMOGRAPHICS 20

APEX CAPITAL REALTY 901 NE 79 ST MIAMI, FL 33138 APEXCAPITALREALTY.COM 2

CONTENTSCONFIDENTIALITY & DISCLAIMER

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TABLE OF CONTENTS

All materials and information received or derived from Apex Capital Realty, LLC its directors, officers,agents, advisors, affiliates and/or any third party sources are provided without representation orwarranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack ofcompliance with applicable governmental requirements, developability or suitability, financialperformance of the property, projected financial performance of the property for any party’s intendeduse or any and all other matters.

Neither Apex Capital Realty, LLC its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the any materialsor information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct ofits own due diligence to determine these and other matters of significance to such party. Apex CapitalRealty, LLC will not investigate or verify any such matters or conduct due diligence for a party unlessotherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including through appropriatethird party independent professionals selected by such party. All financial data should be verified bythe party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. Apex Capital Realty, LLC makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data orassumptions. Apex Capital Realty, LLC does not serve as a financial advisor to any party regarding anyproposed transaction. All data and assumptions regarding financial performance, including that usedfor financial modeling purposes, may differ from actual data or performance. Any estimates of marketrents and/or projected rents that may be provided to a party do not necessarily mean that rents canbe established at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order todetermine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions should bediscussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements should bediscussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by Apex Capital Realty, LLC incompliance with all applicable fair housing and equal opportunity laws.

FOR MORE INFORMATION APEX CAPITAL REALTY 901 NE 79 ST MIAMI, FL 33138 APEXCAPITALREALTY.COM

MIGUEL [email protected]

S E C T I O N 1

PROPERTY INFORMATION


PROPERTY OVERVIEW:APEX Capital Realty is pleased to present a freestanding multi-tenant retail/restaurant building investmentopportunity. The building is located in Shenandoah, a unique dense pocket that sits between Calle Ocho (SW 8thStreet) and Coral Way. This 2,587 SF building is divided into 2 spaces, a 862 SF Laundromat and a 1,725 SF FoodMarket store which has been recently rehabbed. Both Tenants have new NNN leases.This is a great opportunity for an investor to acquired a stable asset in an up-and-coming neighborhood.

PROPERTY HIGHLIGHTS:• New leases with term remaining

• 2nd Generation Kitchen with Equipment

• Fully rehabbed Restaurant space

• Strategic Location off Coral Way

• High Daytime and Household Population

OFFERING SUMMARY

Sale Price: $750,000.00

Building Size: 2,587 SF

Lot Size: 4,750 SF

NOI: $55,494.24

Cap Rate: 7.4%

Year: 1924

Zoning: T4-L

Market: Shenendoah

Traffic Count: 15,400

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EXECUTIVE SUMMARY


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AERIAL PHOTOS


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SURVEY



S E C T I O N 2

LOCATION INFORMATION


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REGIONAL MAP


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RETAILER MAP


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NEWS



S E C T I O N 3

FINANCIAL ANALYSIS


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INCOME & EXPENSES



S E C T I O N 4

SALE COMPARABLES


SUBJECT PROPERTY

1806 SW 22 AVE | Miami, FL 33145

$750,000Sale Price: 0.11 ACLot Size:

2,587 SFBuilding SF: $289.91Price PSF:

7.4%Cap: $55,494NOI:

1

2560-2554 SW 8 ST

2560-2554 SW 8 ST | Miami, FL 33135

$1,250,000Sale Price: 10,000 SFLot Size:


11/25/2019Closed:

1

2

3120 SW 8 ST

3120 SW 8 ST | Miami, FL 33135

$685,000Sale Price: 6,000 SFLot Size:


08/05/2019Closed:

2

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SALE COMPS


3

698 W FLAGLER ST

698 W FLAGLER ST | Miami, FL 33130

$600,000Sale Price: 5,629 SFLot Size:


05/13/2019Closed:

3

4

1101 SW 22 ST

1101 SW 22 ST | Miami, FL 33129



03/07/2019Closed:

4

5

2007 SW 8 ST

2007 SW 8 ST | Miami, FL 33135



03/18/2020Closed:

5

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SALE COMPS


SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS

1806 SW 22 AVE

Miami, FL 33145

$750,000 2,587 SF $289.91 7.4% -

SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

2560-2554 SW 8 ST2560-2554 SW 8 STMiami, FL 33135

$1,250,000 7,368 SF $169.65 - - 11/25/2019

3120 SW 8 ST3120 SW 8 STMiami, FL 33135

$685,000 2,629 SF $260.56 - - 08/05/2019

698 W FLAGLER ST698 W FLAGLER STMiami, FL 33130

$600,000 2,609 SF $229.97 - - 05/13/2019


$2,300,000 3,107 SF $740.26 - - 03/07/2019


$1,100,000 1,738 SF $632.91 - - 03/18/2020

PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

Totals/Averages $1,187,000 3,490 SF $340.11 - -

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2

3

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SALE COMPS SUMMARY


1806 SW 22 AVE | Miami, FL 33145SUBJECT PROPERTY

1 2560-2554 SW 8 STMiami, FL 33135

2560-2554 SW 8 ST 2 3120 SW 8 STMiami, FL 33135

3120 SW 8 ST 3 698 W FLAGLER STMiami, FL 33130

698 W FLAGLER ST 4 1101 SW 22 STMiami, FL 33129

1101 SW 22 ST

5 2007 SW 8 STMiami, FL 33135

2007 SW 8 ST

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SALE COMPS MAP



S E C T I O N 5

DEMOGRAPHICS


POPULATION 1 MILE 2 MILES 3 MILES

Total Population 37,132 148,233 260,953

Average age 42.7 41.1 40.6

Average age (Male) 41.4 39.2 38.9

Average age (Female) 44.2 42.9 42.1

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 13,850 58,312 104,378

# of persons per HH 2.7 2.5 2.5

Average HH income $50,305 $46,451 $51,390

Average house value $361,152 $384,986 $409,513

* Demographic data derived from 2010 US Census

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DEMOGRAPHICS MAP & REPORT

retail property for sale 1806 sw 22 ave€¦ · retail property for sale miami, fl 33145 1806 sw 22...

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