sale by the olivine group. · heights belle meade lemon city little river ... virginia key fisher...
TRANSCRIPT
This unique, innovative and edgy redevelopment is being offered for sale by The Olivine Group.
To schedule a showing please contact:
Irene DakotaLicensed Real Estate AgentT +1 305 972 [email protected]
A white canvas with endless possibilities
investment overview
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Station 61 (“Property”) captures the essence of an emerging creative arts community bringing an innovative, edgy and transformational look and feel to 61st Street.
The Property consists of two newly renovated spaces contributing to 9,312 SF. Each bay is approximately 4,656 SF and offers high end amenities to include:
• Hurricane impact glass storefront (coming soon)
• 17’ clear height • D1 zoning allowing for mixed-use• Exposed, painted A/C ducts
and pipes provide an industrial-modern feel with an open and artsy ambiance
• Polished concrete floors• Designer kitchen fully equipped with
modern cabinetry, electric stove, stainless steel refrigerator and bar area with seating and Corian quartz counter tops
• 52 skylights (1’x4’) allowing for natural lighting
• Fully handicap bathrooms feature white marble floors and bamboo travertine walls with shower
• IT closet and separate storage space
• Alarm system and security cameras• Two 5-ton A/C units per unit• 10-year warranty on roof• All new plumbing and electrical• High-end LED lighting• 16 private parking spaces with
access to a nearby public parking lot for additional parking as well as street parking
• Situated on approximately 0.34 acres (14,810 SF); APN 01-3218-015-0220
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Located blocks away from Little River and minutes from I-95, Biscayne Boulevard, MiMo, the Design District and Wynwood Station 61 is paving the way for this up-and-coming community.
Flexible zoning caters to an eclectic group of owners/tenants ranging from the private user, to art galleries, creative workspaces, crossfit gyms, indoor basketball courts, living spaces, as well as cars collections, museum, scuderias.
The building has undergone extensive renovation both inside and out. The exterior has been completely replastered and repainted with cool gray tones showing off the hurricane glass storefronts with contemporary awnings. The parking lot has new asphalt and sixteen lined parking spaces. Complimented by this modern design the Property is beautifully landscaped boasting the tropical feel of South Florida.
Station 61 offers the investor/owner-use an opportunity to be a part of the making of this thriving community.
This newly-redeveloped project is located in the heart of master-planned “Magic City” at 261-263 NE 61st Street. Nearby warehouses have been converted to art studios and eclectic showrooms enhancing the overall look and feel of this transitional community.
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location...location...location
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Distance from the Property:I-95 freeway access ... 1.0 miles (240,000 + vehicles per day)Biscayne Boulevard ... 0.5 miles (38,000+ vehicles per day)Design District ... 1.5 milesWynwood Art District ... 2.5 milesDowntown Miami ... 5.6 milesBrickell Miami ... 6.7 milesSouth Beach ... 9.2 milesMiami Intl Airport ... 8.4 milesMiami Beach ... 7.5 miles
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Station 61 is centrally located off 61st Street, one mile from the Little River Business District in Lemon City (Little Haiti). The rebirth of this community, especially with the master-planned Magic City, is projected to flourish into a new wave of Wynwood-synergy offering artistic and innovative elements framing the vision of endless possibilities.
N
Bisca
yne
Boule
vard
emerging neighborhood
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live, work, playThe Property is ideally positioned in the heart of the master-planned development “Magic City”, an innovation district that will encompass art, entertainment, technology and sustainability at its core. Magic City will embrace over 15 acres of land centrally located in a historic Miami community once known as Lemon City.
The first phase of Magic City will include a sculpture garden directly in the front of the Property where 61st Street and 62nd Street come together creating a welcoming atmosphere to this once sleepy industrial neighborhood. Emerging with art, Magic City will offer over 45,000 SF with a 15,000 SF renovated innovation center that will provide space for incubating startups and an amphitheater creating a walkable campus-like neighborhood. Initial tenants include Salty Donut, Aqua Elements, Photopia, Baby Cotton, ICA (Institute of Contemporary Art), Wynwood Shipping and etnia Barcelona. More office and retail space, affordable workforce housing, including micro-units, and possibly a boutique hotel are in the longer-range plans,
Magic City is anticipated to come to fruition by early 2018 and is expected to forever change the landscape of Lemon City making its mark on the map as one of the most innovative places to be in Miami.
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live, work, playRendering of Innovation Center
N
Biscayne Boulevard
NE 4th A
venue
NE 61st Street
NW 67th Street
NE 2nd
Avenue
NW 62nd StreetN
. Miam
i Avenue
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emerging neighborhoodNW 67th Street
NE 2nd A
venue
N. M
iami A
venue
NW
2nd A
venue
NW 62nd Street
One Mile to I-95
1.5 Miles to theDesign District
2.5 Miles to theWynwood & Midtown
240,000 VPD
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N
emerging neighborhood
*blue denotes the growth of Magic City in this new innovative neighborhood
NE 61st Street
Biscayne Boulevard
Biscayne Boulevard
NE 4th A
venue
NE 2nd A
venue
1/2 Mile to I-95
1.5 Miles to theDesign District
38,000 VPD
the neighborhoods of miamithe neighborhoods of miami
SHORECREST
5
NORTHBEACH
N
79th Street
LIBERTYCITY
ALLAPATTAH
GRAPELANDHEIGHTS
BELLEMEADE
LEMON CITY
LITTLE RIVER
DESIGN DISTRICT
BUENA VISTA
BAYSIDE
MORNINGSIDE
BAY POINT
MIDTOWN&
WYNWOOD
FLAGAMI
SOUTHBEACH
NORTHBAY VILLAGE
VIRGINIA KEY
FISHER ISLAND
WEST FLAGLER LITTLE HAVANA
CIVICCENTER
OVERTOWN
SPRINGGARDEN
LUMMUS PARK
OMNI
DOWNTOWN
BRICKELLBRICKELL
KEY
THEROADS
SHENANDOAHCORALGATE
SILVER BUFF
COCONUTGROVE
WESTGROVE
EDGEWATER
PARKWEST
95
195
Venetian Causeway
MacArthur Causeway
836
Rickenbacker Causeway
Okeechobee Road
Bird Avenue
SW 22nd Street
SW 8th Street Tamiami Trail
NW 62nd Street
NW 54th StreetBiscayne Boulevard
floor/stacking plans
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5810 SW 14 STMIAMI FL. 33144
PA LICENSE NO. AR97047
SKIN ARCHITECTURE GROUP
Skin Architectural Group
UNLESS IT BEARS THE SIGNATURE AND THE ORIGINALRAISED SEAL OF FLORIDA LICENSED SURVEYOR ANDMAPPER THIS DRAWING, SKETCH, PLAT, OR MAP IS FORINFORMATION PURPOSES ONLY AND IS NOT VALID.
The Drawings, Specifications and other documents prepared by Skin Architectural Group(SAG) for this Project are instruments of (SAG) for use solely with respect to this Projectand, unless otherwise provided, SAG shall be deemed the author of these documents andshall retain all common law, statutory and other reserved rights, including the copyright.
CLIENT NAME PROJECT NAME SHEET TITLE
FILE #
CONTRACT #
NOTEBOOK #
DATE
ARCHIVE
PAGE #
DRAWN BY
C
SOUTH ELEVATION
NORTH ELEVATION
EAST ELEVATION
WEST ELEVATION
0 10 20 40
GRAPHIC SCALE
1 inch = 20 ft.
THE OLIVINE CONDOMINIUM
investor analysis
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Station 61 is being offered for sale at $3,957,600 for both units or $1,978,800 per bay
POTENTIAL INVESTOR ANALYSIS
Potential Income Per Bay $ Amount Monthly Yearly
4,656 SF (each bay) $27.00 NNN $10,476 $125,712
Potential Income Both Bays 9,312 SF (two bays) $27.00 NNN $20,952 $251,424
6.35%Cap Rate
http://www.station61miami.com/