Development Opportunity | 3.723 Acres2 1 8 0 N W 3 5 t h S t r e e t , M i a mi, F L 33142

Brent L.Hensley | 760-473-0520 | brent@1031nnnsearch.com 216 N. Coast Hwy 101 , Encinitas, CA 92024Florida Broker of Record: Foundry Commercial, LLC

investmentoverview

PURCHASE PRICE |$14,000,000

Available for purchase are two parcels with the primary parcel being 2.765 acres and the second property comprising of

approximately 0.958 acres for a total of 3.723 acres. The property is situated in the middle of the 220 acre Beacon Lake Industrial

Park. Since 2015, a Miami based developer has purchased almost 24 acres adjacent to the west of the subject properties and a

San Francisco REIT has recently purchased over 9 acres adjacent and east of the subject properties for future development.

The area around Palmer Lake, east of Miami International Airport (MIA) and the Miami Intermodal Center (MIC), is centrally

located within Miami-Dade County. While the Palmer Lake area has for many years been home to businesses related to the

airport, with the development of the Miami Intermodal Center (MIC), their operating environment has greatly changed, leaving

many properties now vacant and suitable for new uses. With the relocation of rental car operators into the MIC, and the

connection of the MIC to the airport by an automated people mover, the relationship of airport users to the region’s transportation

facilities has been transformed. Where one the most obvious means for a visitor to Miami to travel beyond the airport was only by

private car, now a visitor will leave MIA, enter the MIC, and be presented with a range of transportation options. Rental cars,

Metrorail, Tri-Rail, local and intercity buses, and taxis will all be available in a single, integrated facility. The Palmer Lake area is a

desirable location for the future development of offices, hotels, meeting spaces, retail shops, residential development and light

industrial uses serving airport and marine users.

On May 1, 2012, the Dade County Board of County Commissioners adopted and approved the “Palmer Lake Area Plan”. On

September 26, 2013,the Board of County Commissioners approved the rezoning of property in the Palmer Lake area to the

Palmer Lake Metropolitan Urban Center (PLMUC) district. Development utilizing the PLMUC standards can now take place.

More recently, The Miami Freedom Park stadium project for David Beckham's Inter Miami has entered a new phase, with the MLS

side submitting a rezoning plan to the City of Miami that would allow the club to develop on the site of what is now Melreese golf

course. $1 billion dollar has been budgeted to redevelop Melreese Country Club and Golf Course into the home of the team’s

new 25,000 Freedom Park soccer stadium. The site would also house a shopping mall, office complex and 58-acre public park.

The Miami Freedom Park is less than one mile from the subject properties.

investmentoverview

Overview

Income While You Process Project

At close of escrow, the buyer will be assigned the existing absolute NNN lease with Enterprise

as your tenant. This lease will provide the buyer with annual rent of $419,000 per year or

$34,916.69 per month in hands-free income until the lease expires on April 30, 2021. There are

two five year options for tenant renewal. Tenant pays property taxes directly and is responsible

for insuringand maintaining the property.

Note: tenant under the lease has 15 days from receipt of an accepted Third-Party Offer to

exerciseTenant’sFirst RightofRefusal toPurchase .

The subject property consists of two properties of 2.765 acres and 0.958 acres across NW

22nd Street and intersecting with NW 23rd Street and NW 34th Street in the City of Miami

and County of Dade.

The two parcels are relatively flat with minimal building improvements. The two parcels

are currently leased to Enterprise Rental Car for their surplus rental car parking.

Subject Properties:

2180 NW 35th Street, Miami, FL 33142 (2.765 acres): APN 30-3128-027-0020;

NW 35th Street, Miami, FL 33142 (7,063 s.f.): APN: 30-3128-009-1120;

NW 35th Street, Miami, FL 33142 (5,800 s.f.): APN: 30-3128-009-1130;

NW 35th Street, Miami, FL 33142 (5,780 s.f.): APN: 30-3128-009-1140;

NW 35th Street, Miami, FL 33142 (23,086 s.f.): APN: 30-3128-022-0220.

Vision RenderingArea Potential

LOCATION AERIAL

Developer Owned 9.15 Acres

Subject Property For Sale

3.72 acres

Developer Owned 24.02 acres

Miami Intermodal

Facility

Parking Lot 3.734 acres

Hertz Owned Rental Lot

MarooneCollision Center

LSG Sky Chef Manufacturing Facility

Greyhound owned Bus Lot

2 Different Private Owners 1.58 acres

4 Private Business Owners

propertylocationPalmer Lake Plan Vision Rendering

3.72 Acres For Sale

Miami Freedom Park

ARBY'S

areademographics