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Phone: 212.837.1531 Fax: 212.686.0078 [email protected] w ww.exp1031.com Fixed annual rental increases of 4%, which makes for a cap rate of 5.85% in five years Deposits at this branch are $93,295,000, which is a 13.31% increase over the previous year Broward County is the 2 nd most populous in Florida and part of the Miami metropolitan area Investment grade tenant with credit ratings of Baa3 by Moody’s and BBB by Fitch Population within 5 miles exceeds 160,000 and has grown by 9.99% from 2010 to 2016 Average household income within 3 miles exceeds $117,000 Price: $4,256,440 | NOI: $212,822 | CAP: 5.00% BankUnited 2200 Weston Rd – Weston, (Broward County) FL 33326

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Page 1: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

Phone: 212.837.1531Fax: [email protected]

Fixed annual rental increases of 4%, which makes for a cap rate of 5.85% in five years

Deposits at this branch are $93,295,000, which is a 13.31% increase over the previous year

Broward County is the 2nd most populous in Florida and part of the Miami metropolitan area

Investment grade tenant with credit ratings of Baa3 by Moody’s and BBB by Fitch

Population within 5 miles exceeds 160,000 and has grown by 9.99% from 2010 to 2016

Average household income within 3 miles exceeds $117,000

Price: $4,256,440 | NOI: $212,822 | CAP: 5.00%

BankUnited

2200 Weston Rd – Weston, (Broward County) FL 33326

Page 2: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Investment Overview

PROPERTY OVERVIEW:EXP Realty Advisors exclusively presents for sale a 3,992.50 square foot freestanding bank on a 0.33-acre parcel of land inBroward County Florida, 34 miles north of Miami. The building is 100% leased to BankUnited, an investment grade companywith a Moody’s credit rating of Baa3. The rent escalates 4% annually. Deposits at this branch are over $93 million. The tenantrecently exercised their last five-year option. The bank building was constructed in 2001, and it’s amenities include a doubledrive-thru and dedicated turn lane. Deposits have exceeded $66 million at this location every year since 2010, with anaverage year over year growth rate of 9.27%. The property is a pad site to the Waterway Shops of Weston, a 35,989 SFneighborhood shopping center. The shopping center features thirty tenants including AT&T, Liberty Express, and Pearl Vision,as well as several restaurants and cafes like Offerdahl’s Cafe, Chill’N Ice and Cream, Mallardi’s Tuscan Grill, Palm Grill, PowerPizza, and Lucille’s American Café. Country Isles Plaza, a Publix anchored shopping center, is approximately 1.5 miles northon Weston Road from the subject property. Western Town Center, also a Publix anchored shopping center, is approximately1.5 miles west.

LOCATION OVERVIEW:The subject property is located in Weston, FL, a wealthy suburban community in Broward County. Within a five mile radius,the Average Household Income is estimated to be $113,881, and the population is 160,885. 33326 is the third wealthiest zipcode in southeast Florida. A number of companies and organizations have large operations in Weston including DHL,Marriott International, Wendy’s, LATAM, Abbott Laboratories, and the Cleveland Clinic. Interstate 75 travels North and Southalong the Eastern edge of the city and receives traffic counts of 145,249 vehicles per day.

LEASE SUMMARY:Option Commencement Date: 11/01/2016Option Expiration Date: 10/31/2021Current Rent: $212,822Rental Increases: 4% AnnualOptions: No Remaining OptionsLease Type: NN**Tenant pays a management fee to the landlord, which is equal to 6% of base rent and an administrative fee of $3,000annually, which is not reflected in the $212,822 rent. Landlord pays taxes and insurance and gets reimbursed by the tenant.Landlord also maintains the building and the parking lot and is 100% reimbursed for these costs.

TENANT OVERVIEW: BankUnited, Inc. (NYSE: BKU | Moody’s: Baa3)As of September 30, 2016, BankUnited had 98 branches in 15 Florida counties and 6 banking centers in the New Yorkmetropolitan area, total deposits of $18.8 billion, and total assets of $27.3 billion. BankUnited focuses on the financial needsof growing companies and their executives, consumers and commercial and middle-market businesses in Florida’s thrivingcoastal regions. The bank offers a broad range of online services, treasury management tools for businesses and traditionaldepository and lending products.

INVESTMENT SUMMARY

Price: $4,256,440

CAP Rate: 5.00%

NNN Rent: $212,822

Bld. Sq Ft: 3,992.50 sf

Land Size: 0.33 acres

Lease Type: NN

Year Built: 2001

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENTOVERVIEW

Page 3: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Aerial

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL

Waterway Shops of Weston

Page 4: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Aerial

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL

59,699 VPD

Page 5: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Aerial

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL

Page 6: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Location Map

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. LOCATIONMAP

Page 7: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Tnenat Information

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENTOVERVIEW

Return on Investment Over Time

Rent Period Commencement Date Rent Period Expiration Date Rent Cap Rate

11/1/2016 10/31/2017 $212,822 5.00%

11/1/2017 10/31/2018 $221,335 5.20%

11/1/2018 10/31/2019 $230,188 5.41%

11/1/2019 10/31/2020 $239,396 5.62%

11/1/2020 11/31/2021 $248,972 5.85%

BankUnited Inc.’s Recent Historical Growth

Year Total Assets (B) Total Deposits (B) Sales Revenues (M)

2013 $14.90 $10.50 $830

2014 $19.00 $13.50 $844

2015 $23.70 $16.90 $939

Subject Property's Recent Deposit Growth

Year Total Deposits Increase

2014 $79,309,000 19.72%

2015 $82,188,000 3.63%

2016 $93,295,000 13.51%

Page 8: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

CAM Reimbursement Overview

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENTOVERVIEW

2015 CAM Calculation

CAM % Reimbursed 100%

2015 RE Tax Pro-Rata 22,760.69

2015 Insurance Pro-Rata 12,883.22

2015 Other CAM Pro-Rata 15,598.22

Total CAM 2015 51,242.13

CAM Charged thru December 31, 2015 51,902.52

Balance Due From (To) Tenant -660.39

Sales Tax -39.62

Balance Due + Sales Tax -700.01

2015 CAM Expenses

Expense Type 2015 CAM Expense

Maintenance & Repair 640.36

Leasing (Garage Storage Reimbursed) 112.55

Landscaping 0

Management Fee 11,845.31

Professional Fess 3,000.00

CAM 15,598.22

REAL ESTATE TAXES 22,760.69

INSURANCE 12,883.22

TOTAL 51,242.13

Page 9: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Property Photo

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL

Page 10: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Property Photo

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL

Page 11: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Survey

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. SITEPLAN

Page 12: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Location Map

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. LOCATIONMAP

Page 13: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Location Map

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. LOCATIONMAP

Page 14: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Plat Map

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. PLAT MAP

Page 15: BankUnited - LoopNet · BankUnited Tnenat Information This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or

BankUnited

Demographic Data

Contact Us

EXP Realty Advisors

118 East 28th Street Suite #901New York, NY 10016 www.exp1031.com

Our Team Aron Holewinski‘

Associate Director of Sales Phone: (212)972-3947

E-mail:[email protected]

Robert P. JamesPresident

Phone: (212) 686-0072E-mail: [email protected]

In association withFlorida RE License:

BK3276744

Radius 1 Mile 3 Mile 5 Mile

Population:2021 Projection 6,902 82,579 171,9512016 Estimate 6,504 77,351 160,8552010 Census 6,171 70,884 146,250Growth 2016-2021 6.12% 6.76% 6.90%Growth 2010-2016 5.40% 9.12% 9.99%2016 Population Hispanic Origin 2,660 33,873 67,112

2016 Population by Race:White 5,504 66,706 134,038Black 418 4,858 14,074Am. Indian & Alaskan 19 195 497Asian 353 3,952 8,748Hawaiian & Pacific Island 7 89 167Other 203 1,551 3,331

U.S. Armed Forces: 12 66 159Households:

2021 Projection 2,523 27,560 56,3842016 Estimate 2,376 25,814 52,7582010 Census 2,225 23,458 47,649Growth 2016 - 2021 6.19% 6.76% 6.87%Growth 2010 - 2016 6.79% 10.04% 10.72%Owner Occupied 1,512 20,433 42,416Renter Occupied 864 5,380 10,342

2016 Avg Household Income $107,912 $117,163 $113,8812016 Med Household Income $90,079 $91,659 $90,9512016 Households by Household Inc:

<$25,000 203 2,818 5,756$25,000 - $50,000 452 3,829 7,790$50,000 - $75,000 324 3,960 8,041$75,000 - $100,000 344 3,450 7,510$100,000 - $125,000 235 3,199 7,113$125,000 - $150,000 217 1,707 3,858$150,000 - $200,000 416 3,170 5,851$200,000+ 182 3,679 6,839

This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. DEMOGRAPHICDATA