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Warehouse 13980 Northwest 20th Court | Opa-locka, FL 33054

JOHN DEMARCO, ACP, [email protected]

3,610 SF warehouse in Opa-Locka FL➢

Liberal I-1 Light Industrial Zoning allows most uses ➢

9.63% Pro-Forma Capitalization Rate➢

Perfect building for an owner user or investor ➢

RE/MAX 5 STAR REALTY4151 Hollywood BlvdHollywood, FL 33020(954) 361-0000www.DeMarcoGroup.com

INVESTMENT DETAILS13980 Northwest 20th Court | Opa-locka, FL 33054

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

ANALYSIS

Analysis Date July 2019

PROPERTY

Property Type Commercial

Property Warehouse

Property Address 13980 Northwest 20th Court, Opa-locka, FL 33054

Year Built 1961

PURCHASE INFORMATION

Purchase Price $450,000

Tenants 1

Total Rentable Sq. Ft. 3,610

INCOME & EXPENSES

Gross Operating Income $0

Monthly GOI $0

Total Annual Expenses ($4,880)

Monthly Expenses ($407)

FINANCIAL INFORMATION

All Cash

LOANS

Type Debt Term Amortization Rate Payment LO Costs

All Cash

P. 2

EXECUTIVE SUMMARY13980 Northwest 20th Court | Opa-locka, FL 33054


ACQUISITION COSTS

Purchase Price, Points and Closing Costs $450,000

Investment - Cash $0

INVESTMENT INFORMATION

Purchase Price $450,000

Price per Tenant $450,000

Price per Sq. Ft. $124.65

INCOME, EXPENSES & CASH FLOW

Gross Scheduled Income $0

Total Vacancy and Credits $0

Operating Expenses ($4,880)

Net Operating Income ($4,880)

Debt Service $0

Cash Flow Before Taxes ($4,880)

FINANCIAL INDICATORS

Debt Coverage Ratio N/A

Capitalization Rate -1.08%

Gross Income / Square Feet $0.00

Gross Expenses / Square Feet ($1.35)

Operating Expense Ratio N/A

P. 3

PROPERTY DESCRIPTION13980 Northwest 20th Court | Opa-locka, FL 33054


Warehouse Opa-Locka FL

The subject property consists of 3,610 square feet sitting on a 5,419 sf lot. Liberal I-1 zoning allowsmost industrial uses.

This building works perfect for an owner user that needs 3,610 square feet or for an investor lookingfor a strong return. An investor can easily lease this property for $12 a foot net, which would yield$43,320 per year and provide an investor with an above-market capitalization rate of 9.63% on apro-forma basis. Included in this package are actual lease and sales comparables.

Please call for more information.

P. 4

PRO FORMA SUMMARY13980 Northwest 20th Court | Opa-locka, FL 33054


TENANT ANNUAL SCHEDULED INCOME

Tenant Actual Market

$0 $43,320

TOTALS $0 $43,320

ANNUALIZED INCOME

Description Actual Market

Gross Potential Rent $0 $43,320

- Less: Vacancy $0 $0

Effective Gross Income $0 $43,320

- Less: Expenses ($4,880) $0

Net Operating Income ($4,880) $43,320

ANNUALIZED EXPENSES

Description Actual Market

Building Insurance $1,500 $0

Taxes - Real Estate $3,380 $0

TOTAL EXPENSES $4,880 $0

EXPENSES PER RSF $1.35 $0.00

INVESTMENT SUMMARY

PRICE $450,000

Year Built 1961

Tenants 1

RSF 3,610

Price/RSF $124.65

Lot Size 5,419 sf

Floors 1

APN08-2122-017-

0560

Cap Rate -1.08%

Market Cap Rate 9.63%

P. 5

LEASE COMPARABLES13980 Northwest 20th Court | Opa-locka, FL 33054

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Hialeah, FL 33014 - Miami Lakes Ind Submarket

2,200 SF Industrial Lease Signed Mar 2019 for $12.00 Industrial Gross (Asking)

5111 NW 159th St - 1st Floor Direct

1

Asking Rent: Start Date: Free Rent: Deal Type: Property Type:

Starting Rent: Term: Escalations: On Market: Building Area:

Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:

Landlord:

Tenant SIC:

Lease Notes:

$12.00/IG Apr 2019 New Lease Industrial Class B

6 Mos 7,113 SF

2009/

5111 Nw 159 Street Llc

ID# 164465211

Office Area: Dock/Drive In: Parking Ratio: 2.53/1,000 SF

Opa Locka, FL 33054 - North Miami Beach Ind Submarket

1,500 SF Industrial Lease Signed Mar 2019 for $12.00 Modified Gross (Asking)

13434-13456 NW 38th Ct - 1st Floor Direct

2




Landlord:

Tenant SIC:

Lease Notes:

$12.00/MG Apr 2019 New Lease Industrial Class B

6 Mos 17,560 SF

2013/

Ibanez Property Investments, LLC

ID# 164034461



1,525 SF Industrial Lease Signed Dec 2018 for $12.00 Triple Net (Starting)

13420-13432 NW 38th Ct - 1st Floor Direct

3




Landlord:

Tenant SIC:

Lease Notes:

$11.50/NNN Jan 2019 New Lease Industrial Class B

$12.00/NNN 2 Years 1 Mo 10,675 SF

Jan 2021 Full Build-Out 2013/

Ibanez Property Investments, LLC

ID# 160642611


Lease Comparables

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182.Page 1Page 1

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Miami, FL 33169 - North Miami Beach Ind Submarket

9,800 SF Industrial Lease Signed Nov 2018 for $13.00 Net (Starting)

17535 NW 2nd Ave - 1st Floor Direct

4




Landlord:

Tenant SIC:

Lease Notes:

$13.00-$14.00/N Dec 2018 New Lease Industrial Class C

$13.00/N 6 Years 6 Mos 9,800 SF

Dec 2024 Full Build-Out 1956/

Snyder Groisman Miami Real E…

ID# 160278571

Office Area: Dock/Drive In: /2 Parking Ratio: 0.41/1,000 SF


375 SF Industrial Lease Signed Jul 2018 for $13.54 Industrial Gross (Asking)

4070 NW 132nd St - 1st Floor Direct

5




Landlord:

Tenant SIC:

Lease Notes:

$13.54/IG Aug 2018 New Lease Industrial Class C

2 Years 27 Mos 10,000 SF

Aug 2020 1976/

Evan Seif

ID# 157701911

Office Area: Dock/Drive In: Parking Ratio:


375 SF Industrial Lease Signed Jul 2018 for $14.90 Industrial Gross (Asking)

4070 NW 132nd St - 1st Floor Direct

6




Landlord:

Tenant SIC:

Lease Notes:

$14.90/IG Aug 2018 New Lease Industrial Class C

2 Years 27 Mos 10,000 SF

Aug 2020 1976/

Evan Seif

ID# 157701961

Office Area: Dock/Drive In: Parking Ratio:

Lease Comparables


P. 7




1,600 SF Industrial Lease Signed Mar 2018 for $12.00 Modified Gross (Asking)

14310-14360 NW 24th Ave - 1st Floor Direct

7




Landlord:

Tenant SIC:

Lease Notes:

$12.00/MG Apr 2018 New Lease Industrial Class C

2 Mos 18,855 SF

1970/

Tsc 14310 Llc

ID# 153900431



1,540 SF Industrial Lease Signed Feb 2018 for $12.48 Modified Gross (Asking)

12984-12998 NW 42nd Ave - 1st Floor Direct

8




Landlord:

Tenant SIC:

Lease Notes:

$11.64-$12.48/MG Mar 2018 New Lease Industrial Class C

1 Year 1 Mo 24,260 SF

Mar 2008/

Opalocka Complex LLC

ID# 146959221



12,000 SF Industrial Lease Signed Dec 2017 for $12.70 (Effective)

13090 NW 43rd Ave - 1st Floor Direct

9




Landlord:

Tenant SIC:

Lease Notes:

$12.00-$12.50 Mar 2018 New Lease Industrial Class C

$12.00 5 Years Steps 2 Mos 12,000 SF

$12.70 Mar 2023 1995/

Three Good Friends Corp

ID# 155171831

Office Area: 600 SF Dock/Drive In: /6 Parking Ratio: 1.00/1,000 SF

Lease Comparables


P. 8



Miami, FL 33162 - North Miami Beach Ind Submarket

2,200 SF Industrial Lease Signed Sep 2017 for $15.00 Industrial Gross (Starting)

89-99 NE 166th St - 1st Floor Direct

10




Landlord:

Tenant SIC:

Lease Notes:

$15.00/IG Oct 2017 New Lease Industrial Class C

$15.00/IG 1 Year 1 Mo 10,500 SF

1965/

Edward W & Annie Montgomery

ID# 132126901


Lease Comparables


P. 9



RentsLease Comps Report

Asking Rent Per SF

$12.76Starting Rent Per SF

$12.64Effective Rent Per SF

$12.70Avg. Months Free Rent

-DEALS BY ASKING, STARTING AND EFFECTIVE RENT

DEALS BY MONTHS FREE RENTDEALS BY ASKING RENT DISCOUNT

4/10/2019Copyrighted report licensed to RE/MAX 5 Star Realty - 995182.

Page 5

P. 10

SALES13980 Northwest 20th Court | Opa-locka, FL 33054


SalesNorth Miami Beach Industrial

Investors continue to be attracted to one of the fastest-growing submarkets in Miami. Sales volume hasexceeded $200 million over the past two years which ismore than double what the submarket typically sees onan annual basis. Pricing also grew at a substantial rate in2018 and ended the year at almost $100/SF. Despite thisgrowth, average pricing is still well-below the metro

average.

Most of the major transactions in 2018 were included inmajor portfolio sales. The largest deal occurred inNovember 2018 when seven buildings across thesubmarket traded to Blackstone Real Estate Income for atotal price of $80 million.

SALES VOLUME & MARKET SALE PRICE PER SF

4/10/2019Copyrighted report licensed to RE/MAX 5 Star Realty - 995182.

Page 13

Submarket Miami

P. 11

SALES COMPARABLES13980 Northwest 20th Court | Opa-locka, FL 33054


6505 NE 2nd Ave SOLD

Miami, FL 33138 Miami/Dade County

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:$190.11$415,000 - Confirmed04/26/2017 (142 days on mkt) Bldg Type:

Zoning:

Year Built/Age:RBA:

-

Parcel No:Financing:

-Down payment of $415,000 (100.0%)

Confirmed

Class C IndustrialWarehouseBuilt 1967 Age: 502,183 SF

ILand Area: 0.14 AC (6,098 SF)

Price/SF:

3892724Comp ID:

2311-2319 W 78th St SOLD

Hialeah, FL 33016 Miami/Dade County

Sale Date:


PrFrma Cap Rate:


Zoning:

Year Built/Age:RBA:

-


04-2027-103-0010, 04-2027-103-0020, 04-2027-103-0030$1,336,000 from US Century Bank

Confirmed


M-1Land Area: 0.27 AC (11,761 SF)

Price/SF:

4281789Comp ID:

2329 W 78th St - Oasis Industrial Park SOLD


Sale Date:


PrFrma Cap Rate:


Zoning:

Year Built/Age:RBA:

-


--

Confirmed


M-1Land Area: 0.13 AC (5,663 SF)

Price/SF:

4301940Comp ID:

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182.

P. 12



2372 W 79th St SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:$151.79$425,00008/19/2016 Bldg Type:

Zoning:

Year Built/Age:RBA:

-


04-2027-091-0090-

Public Record


M-1Land Area: 0.13 AC (5,663 SF)

Price/SF:

3695544Comp ID:

651 NW 106th St SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:$164.58$800,000 - Full Value03/29/2018 Bldg Type:

Zoning:

Year Built/Age:RBA:

-


30-2136-019-0110Down payment of $0 (0.0%); $800,000 from Seller

Full Value


BU-2Land Area: 0.23 AC (10,019 SF)

Price/SF:

4239405Comp ID:

3091 NW 129th St SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:$233.56$650,00009/12/2016 Bldg Type:

Zoning:

Year Built/Age:RBA:

-


08-2128-002-0011-


IU-2Land Area: 0.77 AC (33,541 SF)

Price/SF:

3718344Comp ID:

Map Page: Trakker 301


P. 13



Average Price Per SF

Legend:

Current Survey

Sold Transactions6

$3,710,000Number of TransactionsTotal Dollar Volume

22,5161.67

Total Bldg Square FeetTotal Land in Acres

72,745$618,333

Total Land in SFAverage Price

3,753$164.77

Average Number of SFAverage Price Per Bldg SF

$158.190.28

Median Price Per SFAverage Number of Acres

12,124-

Average Number of SF(Land)Average Price Per Unit

--

Median Price Per UnitAverage Number of Units

-Actual Cap Rate

SoldTransactions

Time Interval - Quarterly

Report Time Frame: 7/1/2016 - 4/15/2019

Trend Report


P. 14

MAPS AND AERIALS13980 Northwest 20th Court | Opa-locka, FL 33054


P. 15

LOCATION MAP13980 Northwest 20th Court | Opa-locka, FL 33054


P. 16

MOTTO MORTGAGE13980 Northwest 20th Court | Opa-locka, FL 33054


Commercial

Loan Financing

Loan Programs:1. 5/7/10 Year Fixed ARM'S2. 25 Year or less amortizations3. Fixed Loans4. Low Interest RatesProperty Types but not limited to:Industrial, Mixed use properties, Assisted Living Facilities, Warehouses, Health Care Facilities, Bars and Restaurants, Day care operations, Agricultural, Gas stations, Unanchored retail, Auto dealers.

Call today and see what program you qualify for!

David IannucciLoan Originator

NMLS# 1013040Office: 954.790.116

[email protected]/offices/5-star-professionals-hollywood

1901 Harrison St Suite 101

Hollywood FL 33020

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