Citi Bank Building on 3.25+ Acres...225-255 EAST DANIA BEACH BLVD OFFERING SUMMARY Considerable Upside Due to Below Market Rents Building Anchored by Citibank With $111 Million in

Citi Bank Building on 3.25+ Acres225 E Dania Beach Blvd • Dania Beach, FL 33004

Offering Memorandum

1

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap RealEstate Investment Services of Florida, Inc. ("Marcus & Millichap") and should not be made available to any other person or entity without the written consent of Marcus & Millichap. ThisMarketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. Theinformation contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, withrespect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, thepresence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or thefinancial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this MarketingBrochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus& Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate InvestmentServices, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or nameis not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, orcommercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

225-255 EAST DANIA BEACH BLVDDania Beach, FLACT ID ZAB0390168

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TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01Offering SummaryAerial Photo

FINANCIAL ANALYSIS 02Tenant Summary

Lease Expiration Summary

Operating Statement

Notes

Pricing Detail

Acquisition Financing

MARKET COMPARABLES 03Sales Comparables

Lease Comparables

MARKET OVERVIEW 04Demographic Analysis

225-255 EAST DANIA BEACH BLVD

3


4

INVESTMENT

OVERVIEW


5


OFFERING SUMMARY

▪ Considerable Upside Due to Below Market Rents

▪ Building Anchored by Citibank With $111 Million in Deposits

▪ 3.25+ Acres with 625 Feet of Frontage on Dania Beach Boulevard

▪ Opportunity to Build 245-Unit Mixed-Use Project

▪ Minutes from Fort Lauderdale-Hollywood International Airport, I-95, and Beaches

INVESTMENT HIGHLIGHTS

Marcus & Millichap is proud to exclusively present 225-255 East Dania Beach Boulevard a two-story multi-tenant office building located in Dania Beach, Florida. This officebuilding is situated on a 3.27-acre parcel (or 142,230 square feet) and offers approximately 54,912 square feet of rentable space. 225-255 East Dania Beach Boulevard iscurrently 73% occupied by a mix of professional and credit tenants including Citibank, complete with drive-through lanes, and the headquarters of the travel agency,Cruise.com. The current tenants are short-term or month to month leases at below-market rents, positioning substantial upside through leasing vacant suites, increasing rents,and implementing long-term leases. The property has direct frontage on East Dania Beach Boulevard, just off highly traveled South Federal Highway, and is easily accessedfrom I95 and I595. Additionally, the property offers multiple points of ingress and egress, as well as 200 parking spaces, to accommodate heavy traffic.

The subject property is in East Dania Beach Boulevards Mixed Used District, in the heart of Dania Beach's development boom positioning this property as an excellentredevelopment play. The liberal EDBB-MU zoning allows for several uses including mixed residential and commercial, retail, office, medical office, hospitality, and extendedstay, to name a few. The density allows up to 245-units with bonus density. The zoning has a FAR of 8 with the potential to build up to seven stories.

Dania Beach is an attractive city in Broward Country located just south of the Fort Lauderdale-Hollywood International Airport and Port Everglades. Dania Beach has seen asubstantial increase in commercial real estate investment and development activity over the past few years as the city evolves to draw in residents, businesses, tourism, andretail. The City's transformation has brought many new residents to Dania Beach. According to GlobeSt, the city's population has increased by 8.1% since 2010. Millennial’sare the biggest contribution to the population growth at 2.7 times the nations average. The subject property is near developments leading the city's transformation includingDania Pointe, a 102-acre mixed-use development with retail, restaurants, hotels, luxury apartments class A offices, and public event space, and The First at Dania Beach, a6.42-acre project on West Dania Beach Boulevard that will include: a new city hall, fire station, office space, hotel, apartment units, retail, and parking. Additionally, 225-255East Dania Beach Boulevard is adjacent to The Casino at Dania Beach and in close proximity to retailers including Publix, Dollar Tree, Bank of America, 7-Eleven, and .2miles from The Place at Dania Beach, a luxury apartment complex.

INVESTMENT OVERVIEW

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OFFERING SUMMARY

7

EXECUTIVE SUMMARY

EXPENSESCURRENT $/SF PRO FORMA $/SF

Electric $107,599 $1.96 $107,599 $1.96Water $16,643 $0.30 $16,643 $0.30Elevator $6,047 $0.11 $6,047 $0.11Trash Removal $17,940 $0.33 $17,940 $0.33Repairs & Maintenance $68,837 $1.25 $68,837 $1.25Pest Control $7,111 $0.13 $7,111 $0.13Janitorial $23,345 $0.43 $23,345 $0.43Miscellaneous $8,656 $0.16 $8,656 $0.16Phone $4,309 $0.08 $4,309 $0.08Insurance $56,770 $1.03 $56,770 $1.03Real Estate Taxes $198,608 $3.62 $198,608 $3.62Management Fee $25,000 $0.46 $35,000 $0.64Total Expenses $540,865 $9.85 $550,865 $10.03

VITAL DATACURRENT PRO FORMA

Price $11,000,000 CAP Rate 1.43% 6.51%

Down Payment 100% / $11,000,000 Net Operating Income $157,838 $715,926

Loan Amount $0 Net Cash Flow After Debt Service 1.43% / $157,838 6.51% / $715,926Loan Type Proposed New Total Return 1.43% / $157,838 6.51% / $715,926Interest Rate / Amortization 0% / 0 Years

Rentable SF 54,912Price/SF $200.32Current Occupancy 73.46%Year Built 1966Lot Size 3.27 acre(s)

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2018 Estimate Pop 11,304 72,744 241,186

2010 Census Pop 10,496 67,407 223,893

2018 Estimate HH 4,878 33,246 109,152

2010 Census HH 4,492 30,512 100,370

Median HH Income $43,527 $46,997 $50,032

Per Capita Income $24,220 $31,204 $34,230

Average HH Income $55,292 $67,841 $75,169


#

PROPERTY SUMMARYOFFERING SUMMARY

THE OFFERINGProperty 225-255 East Dania Beach BlvdPrice $11,000,000Property Address 225 E Dania Beach Blvd, Dania Beach, FLAssessors Parcel Number 50-42-34-29-0020Zoning EDBB-MU

SITE DESCRIPTIONNumber of Floors 2Year Built/Renovated 1966/2017Rentable Square Feet 54,912Lot Size 3.27 ACParking 230Parking Ratio 4.19/1000Intersection/Cross Street US1 and E Dania Beach Blvd

UTILITIESElectric FPLWater Broward CountySewer YesTrash Service Contract

8

CONSTRUCTIONParking Surface Asphalt Roof Flat

MECHANICALHVAC CentralElevators Two

E D B B - M U / / D E V E L O P M E N T P O T E N I T A L

• 245 UNITS WITH DENSITY BONUS

• DEVELOPMENT UP TO SEVEN STORIES

• OVER ONE MILLION BULDABLE SQUARE-FEET

AERIAL PHOTO225-255 EAST DANIA BEACH BLVD

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AERIAL PHOTO


10

E. Dania Beach BoulevardFr

on

ton

Bo

ule

vard

AERIAL PHOTO


11

AERIAL


12

AERIAL


13

AERIAL


14

AERIAL


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PROPERTY PHOTO


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17

ZONING

OVERVIEW


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ZONING INFORMATION


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E D B B - M U / /

E A S T D A N I A B E A C H B LV D M I X E D U S E D I S T R I C T

D A N I A B E A C H F L C O D E O F O R D I A N C E S

Z O N I N G D E T A I L S

• FAR - MAX EIGHT (8)

• DENSITY - THIRTY-FIVE (35)

DU/AC BY RIGHT, UP TO

SEVENTY-FIVE (75) DU/AC

WITH DENSITY BONUS

• MAXIMUM HEIGHT +

INCENTIVE BONUS – 2

STORIES, 24 FEET BY RIGHT

& UP TO AN ADDITIONAL 2

STORIES. 24 FEET WITH

INCENTIVES

“Intent and purpose. Redevelopment to place a greater emphasis on pedestrian activity and transit supportive development. This will be accomplished by building close to the street, relocating parking facilities behind buildings, and mixing residential and commercial uses at medium to high intensities.”

ZONING INFORMATION


20

AREA DEVELOPMENT


21

CRA DISTRICT

• The Dania Beach CRA is leading the City’s efforts to transform the downtown area with a new state of the art City Center Development on 6.4 acres of land owned by the City that will incorporate City Hall, public open space, commercial and retail uses, and workforce housing through a public-private partnership.

• In partnership with the Greater Fort Lauderdale Alliance, Broward County, and the State of Florida, the Dania Beach CRA secured the relocation and expansion of Spirit Airlines Corporate Headquarters and Training Facility, which will provide 225 high skilled and top paying jobs within the CRA.

• The Dania Beach CRA is spearheading a City-wide rebranding and marketing initiative to attract and sustain residents, visitors, and business organizations to the City.

• As part of a public-private partnership, the Dania Beach CRA recently secured a $1 million grant from Broward County to install public improvements for the upcoming Trion Project, which is an eight (8) story, 340 market rate residential unit building that includes about 13,000 square feet of ground floor retail, buried utilities, wide sidewalks, a public park with exercise equipment, a fountain, and onsite parking.

• Within the Dania Beach CRA’s expansive and thriving marine industry, Mega Yacht recently completed its $6 million investment of a state-of-the-art marina for mega yachts. The new marina comfortably accommodates up to twenty 200-foot-long mega yachts or 40 smaller boats.

CRA KEY POINTS

• The Dania Beach CRA proudly hosts the annual award-winning Arts and Seafood Festival that attracts about 19,000 visitors a year. The Dania Beach CRA is also proud to host the Dania After Dark Festival, which is a free festival with live music and vendors held on the 2nd Saturdays of each month.

• The Dania Beach CRA is implementing creative solutions to address the City’s shortage of affordable and/or workforce housing by building single-family homes for low to moderate income residents on vacant land owned by the Dania Beach CRA.

• The Dania Beach CRA is actively investing within the business community through incentives such as commercial improvement grants, seminars and workshops, and annual networking events.

• Major developments that are currently under construction in the Dania Beach CRA include the Hilton Tru Hotel, Dania Pointe Phase 2, and several other small residential developments.

• Major developments that are currently in the site plan approval process within the Dania Beach CRA include a Hilton Embassy Suites, The Trion at Dania Beach, Spirit Airlines Corporate Headquarters and Training facility, and GMAX Townhomes.

• Saratoga Crossings, a 128-unit affordable apartment home community, was recently constructed in the Dania Beach CRA.

AREA DEVELOPMENT


22

R E C E N T D E V E L O P M E N T & A P P R O V E D P R O J E C T S / /

D A N I A B E A C H

• Wingate Inn Hotel 321 N Federal Hwy

• Holiday Inn Express 205 N Federal Hwy

• Comfort Inn Suites 302 N Federal Hwy

• Tru by Hilton 44 N Federal Hwy

• Stirling Square - North West corner of Sterling Road and Phippen Waiters Road

• Liberty 595 Distribution Center - 4030 State Road 7

• Design Center of America (200,000 SF Office Buildout) - 1855 Griffin Road

• The Place at Dania Apartments 108 E Dania Beach Blvd

• Trion Dania Beach

• Tru by Hilton44 N Federal Hwy

• Avery Dania Pointe 139 S Compass Way

• Marina Lofts 90 North Bryan Road

AREA DEVELOPMENT


23

AREA DEVELOPMENT


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25

FINANCIAL

ANALYSIS


26

FINANCIAL ANALYSIS


27

TENANT SUMMARY

FINANCIAL ANALYSIS


28

TENANT SUMMARY

FINANCIAL ANALYSIS


OPERATING STATEMENT

29

FINANCIAL ANALYSIS


PRICING DETAIL

30

12

TENANT PROFILE


31

Citibank

General Information

Tenant Name Citibank

Website https://online.citi.com/

Headquartered New York, New York

Rentable Square Feet 4,600 SF

Percentage of RBA 0.08%

Lease Commencement 1/1/2016

Lease Expiration 12/31/2020

No. of Locations Over 2,500 Branches Across the Globe

The location does over $111 million in deposits.

Cruise.com

General Information

Tenant Name Cruise.com

Website https://www.cruise.com/

Headquartered Headquartered in Subject Property

Rentable Square Feet 11,300 SF

Percentage of RBA 0.21%

Lease Commencement 2/1/2012

Lease Expiration 2/1/2022

One of the largest internet cruise specialists. Conveniently located just minutes from

Port Everglades and Fort Lauderdale International Airport, our location is ideally

located to bring a wealth of travel opportunities to all of our south Florida neighbors.

MARCUS & MILLICHAP CAPITAL CORPORATION CAPABILITIESMMCC—our fully integrated, dedicated financing arm—is committed to

providing superior capital market expertise, precisely managed execution, and

unparalleled access to capital sources providing the most competitive rates and

terms.

We leverage our prominent capital market relationships with commercial banks,

life insurance companies, CMBS, private and public debt/equity funds, Fannie

Mae, Freddie Mac and HUD to provide our clients with the greatest range of

financing options.

Our dedicated, knowledgeable experts understand the challenges of financing

and work tirelessly to resolve all potential issues to the benefit of our clients.

National platform operating

within the firm’s brokerage offices

$6.24 billion total national

volume in 2018

Access to more capital sources than any other

firm in the industry

Optimum financing solutions to enhance value

Our ability to enhance buyer pool by expanding finance options

Our ability to enhance seller control

• Through buyer qualification support

• Our ability to manage buyers finance expectations

• Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings

• By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file

WHY MMCC?

Closed 1,678 debt and equity

financings in 2018

ACQUISITION FINANCING


32


33

MARKET

COMPARABLES


34


SALES COMPARABLES MAP

35

225-255 EAST DANIA BEACH BLVD(SUBJECT)

2601 E Oakland Park Blvd

Amtrust Bank Plaza

University Office Park Buildings 1-3

2125 Biscayne Blvd

600 South Andrews Building

501 South Andrews Ave

Kennedy Plaza

Office 2020

Office/Redevelopment

Barnett Bank Building

2691 E Oakland Park Blvd

SALES COMPARABLES

ON MARKET COMPARABLES

1

2

3

4

5

7

8

6

9

10

11

36

Avg. $275.68

Avg. $167.90

$0.00

$70.00

$140.00

$210.00

$280.00

$350.00

$420.00

$490.00

$560.00

$630.00

$700.00

PROPERTY NAME225-255 EAST DANIA BEACH BLVD

SALES COMPARABLES

Average Price Per Square Foot

SALES COMPARABLES


SALES COMPS AVG

ON MARKET COMPS AVG

37

Avg. $275.68

Avg. $167.90

$0.00

$70.00

$140.00

$210.00

$280.00

$350.00

$420.00

$490.00

$560.00

$630.00

$700.00


SALES COMPARABLES

Average Price Per Gross Square Foot

SALES COMPARABLES


SALES COMPS AVG

ON MARKET COMPS AVG

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1


rentpropertyname1


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SALES COMPARABLES ON MARKET COMPARABLES

Asking Price $11,000,000

Price/SF $200.32

CAP Rate 1.44%

Occupancy 73%

Parking Ratio 4.19/1000

225-255 EAST DANIA BEACH BLVD225 E Dania Beach Blvd, Dania Beach, FL, 33004

1

Close of Escrow 9/5/2019

Sales Price $11,750,000

Rentable SF 59,878

Price/SF $196.23

CAP Rate 6.8%

Occupancy 95%

Parking Ratio 4.00

NOTESThe comparable was acquired by MHCommercial Real Estate Fund as an investment to expand their portfolio in Fort Lauderdale. The property was 95% occupied at the time of sale.

2601 E OAKLAND PARK BLVD2601 E Oakland Park Blvd, Fort Lauderdale, FL, 33306

2



Rentable SF 78,134

Price/SF $182.38

CAP Rate 6.9%

Occupancy 80%

Parking Ratio 4.00

NOTESThe seller sold the 78,134 SF office building to take advantage of market conditions. The property was 80% occupied at the time of sale and the buyer plans to increase the property's revenue by leasing up vacant space.

AMTRUST BANK PLAZA8211 W Broward Blvd, Plantation, FL, 33324

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


39


NOTESThree property office portfolio.

3



Rentable SF 56,778

Price/SF $188.45

Occupancy 58%

Parking Ratio 6.10

UNIVERSITY OFFICE PARK BUILDINGS 1-35400 S University Dr, Davie, FL, 33328

4



Rentable SF 63,240

Price/SF $326.06

Occupancy 61%

Parking Ratio 2.40

NOTESPegaso Corp. sold the office building to Novel Coworking, a co-working and office rental company. The buyer plans to renovate the building to be used for modern affordable workspace for small businesses and entrepreneurs.

2125 BISCAYNE BLVD2125 Biscayne Blvd, Miami, FL, 33137

5



Rentable SF 36,083

Price/SF $249.42

CAP Rate 6%

Occupancy 97%

Parking Ratio 5

NOTESThe six-story office building was acquired as an investment property by a private investor. The property was 97.3% occupied at the time of sale by strong tenants including Bank of the Ozarks and multiple law firms.

600 SOUTH ANDREWS BUILDING600 S Andrews Ave, Fort Lauderdale, FL, 33301

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


40


NOTESNew River Central LLC bought the comparable for $16.25 million and a non-adjacent 25,988 SF parking lot located at 420 South Andrews Avenue for $5 million. The buyer is developing Riverparc Square, a three-tower mixed-use project consisting of office & retail space along with 790 residential units and 297 hotel rooms. The zoning is RAC-CC.

6



Rentable SF 65,643

Price/SF $247.55

Parking Ratio 1.82

501 SOUTH ANDREWS AVE501 South Andrews Ave, Fort Lauderdale , FL, 33301

7



Rentable SF 40,434

Price/SF $160.76

Occupancy 93%

Parking Ratio 6.77

NOTESThis comparable is inferior to the subject property. The office building was sold as an investment property. The buyer is working to lease the vacant spaces.

KENNEDY PLAZA160 NW 176th St, Miami, FL, 33169

8



Rentable SF 24,342

Price/SF $246.49

CAP Rate 5.85%

Occupancy 94%

Parking Ratio 5.34

NOTESThe property was acquired as an investment because of its steady cash flow. The buyer also liked the redevelopment potential of the asset but does not have any plan to redevelop at the current time. The property is zoned B-2.

OFFICE 20202020 NE 163rd St, North Miami Beach, FL, 33162

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES

rentpropertyname1


rentpropertyname1


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41


NOTESThe subject was vacant at the time of sale. The building will be used as office space while the buyer considers redevelopment opportunities.

Zoning SRAC-SaeLand Price/SF: $75.84 Density 50

9



Rentable SF 14,720

Price/SF $358.92

Parking Ratio 2.45

OFFICE/REDEVELOPMENT 1801 S Andrews Ave, Fort Lauderdale, FL, 33316

10



Rentable SF 18,316

Price/SF $600.57

Parking Ratio 4

NOTESThis was sold as a redevelopment play. The buyer plans to develop the Shoppes At Rio Vista which will consist of three buildings: a two-story bank, a one-story retail center, and a 2,205 SF restaurant.

Zoning is B-1.Land Price/SF: $97.47

BARNETT BANK BUILDING901 SE 17th St, Fort Lauderdale, FL, 33316

11

On Market

List Price $4,790,000

Rentable SF 28,529

Price/SF $167.90

CAP Rate 6.6%

Occupancy 85%

Parking Ratio 3.08

2691 E OAKLAND PARK BLVD2691 E Oakland Park Blvd, Fort Lauderdale, FL, 33306

8


LEASE COMPARABLES MAP

225-255 EAST DANIA BEACH BLVD(SUBJECT)

Ryan Law Building

Design Center Office Bldg

Sheridan Executive Centre

Emerald Park Office Center

95 Office Park

Memorial Regional Hospital Primary Care

1818 Sheridan St

4

7

8

9

11

20

12

14

15

16

17

13

18

10

4

7

1

2

3

5

6

42


LEASE COMPARABLES

43

AVERAGE OCCUPANCY

Avg. 76.16%

0

10

20

30

40

50

60

70

80

90

100

225-255East DaniaBeach Blvd

Ryan LawBuilding

DesignCenter

Office Bldg

SheridanExecutive

Centre

EmeraldPark Office

Center

95 OfficePark

MemorialRegionalHospitalPrimary

Care

1818Sheridan St


LEASE COMPARABLES

44

AVERAGE RENT PER SQUARE FOOT

Avg. $28

$0

$3

$7

$10

$13

$17

$20

$23

$26

$30

$33

225-255East DaniaBeach Blvd

Ryan LawBuilding

DesignCenter

Office Bldg

SheridanExecutive

Centre

EmeraldPark Office

Center

95 OfficePark

MemorialRegionalHospitalPrimary

Care

1818Sheridan St

PROPERTY NAME

MARKETING TEAM


LEASE COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


45

Available SF 14,692

Asking Rent/SF $12.18

Year Built 1966

Occupancy 73%

Lease Type Modified Gross

Lot Size 3.27 acre(s)

Parking Ratio 4.19/1000

225-255 EAST DANIA BEACH BLVD225 E Dania Beach Blvd, Dania Beach, FL, 33004

1

Survey Date 2/28/2020

Rentable SF 15,000

Available SF 1,983


Year Built 1975

Occupancy 87%


Lot Size 3.21

Parking Ratio 3.00

NOTESJanitorial and increases in expenses over base-year are additional to rent.

RYAN LAW BUILDING700 E Dania Beach Blvd, Dania, FL, 33004

2


Rentable SF 60,000

Available SF 1,450


Year Built 1987

Occupancy 77%

Lease Type Gross

Lot Size 2.96

Parking Ratio 3.50

DESIGN CENTER OFFICE BLDG1815 Griffin Rd, Dania, FL, 33004

PROPERTY NAME

MARKETING TEAM


LEASE COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


46


Rentable SF 36,485

Available SF 703


Year Built 1987

Occupancy 100%


Lot Size 1.69

Parking Ratio 4.20

NOTES$31.50 plus a portion of cleaning costs. 1,756 SF on the first floor was rented for $19.50 NNN.

3

SHERIDAN EXECUTIVE CENTRE3475 Sheridan St, Hollywood, FL, 33021

4


Rentable SF 82,000

Available SF 650


Year Built 1984

Occupancy 96%


Lot Size 5.96

Parking Ratio 4.00

EMERALD PARK OFFICE CENTER2699 Stirling Rd, Fort Lauderdale, FL, 33312

5


Rentable SF 42,420

Available SF 626


Year Built 1979

Occupancy 84%

Lease Type Gross

Lot Size 3

Parking Ratio 4.25

95 OFFICE PARK 2700-2750 N 29th Ave, Hollywood, FL, 33020

PROPERTY NAME

MARKETING TEAM


LEASE COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


47


Rentable SF 10,000

Available SF 5,000


Year Built 1962

Occupancy 50%


Lot Size .46

Parking Ratio 5.40

6

MEMORIAL REGIONAL HOSPITAL PRIMARY CARE140 S Federal Hwy, Dania, FL, 33004

7


Rentable SF 6,670

Available SF 4,070


Year Built 1985

Occupancy 39%


Lot Size .41

Parking Ratio 3.60

1818 SHERIDAN ST1818 Sheridan St, Hollywood, FL, 33020


48

MARKET

OVERVIEW


49

PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS

Source: © 2019 Experian

Created on March 2020

POPULATION 1 Miles 3 Miles 5 Miles▪ 2023 Projection

Total Population 11,491 74,506 246,904▪ 2018 Estimate

Total Population 11,304 72,744 241,186▪ 2010 Census

Total Population 10,496 67,407 223,893▪ 2000 Census

Total Population 10,310 65,139 216,727▪ Current Daytime Population

2018 Estimate 15,338 96,142 318,988HOUSEHOLDS 1 Miles 3 Miles 5 Miles▪ 2023 Projection

Total Households 5,035 34,343 112,711▪ 2018 Estimate

Total Households 4,878 33,246 109,152Average (Mean) Household Size 2.16 2.16 2.18

▪ 2010 CensusTotal Households 4,492 30,512 100,370

▪ 2000 CensusTotal Households 4,368 29,662 99,129

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles▪ 2018 Estimate

$200,000 or More 1.78% 3.88% 5.21%$150,000 - $199,999 1.64% 2.89% 3.95%$100,000 - $149,000 9.43% 11.45% 11.44%$75,000 - $99,999 10.97% 10.90% 11.04%$50,000 - $74,999 19.57% 18.21% 18.39%$35,000 - $49,999 13.61% 13.86% 13.90%$25,000 - $34,999 9.84% 10.75% 10.73%$15,000 - $24,999 15.05% 13.05% 11.81%Under $15,000 17.03% 14.12% 13.38%

Average Household Income $55,292 $67,841 $75,169Median Household Income $43,527 $46,997 $50,032Per Capita Income $24,220 $31,204 $34,230

POPULATION PROFILE 1 Miles 3 Miles 5 Miles▪ Population By Age

2018 Estimate Total Population 11,304 72,744 241,186Under 20 19.06% 19.38% 18.92%20 to 34 Years 19.05% 19.61% 19.89%35 to 39 Years 6.31% 7.04% 7.16%40 to 49 Years 12.48% 14.16% 13.90%50 to 64 Years 23.20% 22.72% 22.11%Age 65+ 19.87% 17.09% 18.01%Median Age 44.81 42.93 42.94

▪ Population 25+ by Education Level2018 Estimate Population Age 25+ 8,569 54,982 183,177Elementary (0-8) 2.45% 2.90% 3.74%Some High School (9-11) 10.76% 7.82% 7.30%High School Graduate (12) 28.92% 29.36% 27.55%Some College (13-15) 22.60% 21.11% 20.71%Associate Degree Only 7.24% 8.91% 8.67%Bachelors Degree Only 17.18% 18.53% 19.27%Graduate Degree 9.38% 9.88% 11.03%

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Created on March 2020

POPULATION BY TRANSPORTATION TO WORK 1 Miles 3 Miles 5 Miles

▪ 2018 Estimate Total PopulationBicycle 1.49% 1.30% 1.44%Bus or Trolley Bus 4.95% 3.50% 3.97%Carpooled 8.54% 10.62% 9.13%Drove Alone 76.59% 75.08% 75.60%Ferryboat 0.00% 0.00% 0.00%Motorcycle 1.06% 0.79% 0.45%Other Means 1.32% 1.52% 1.32%Railroad 0.25% 0.47% 0.30%Streetcar or Trolley Car 0.00% 0.00% 0.00%Subway or Elevated 0.03% 0.11% 0.08%Taxicab 0.05% 0.07% 0.08%Walked 1.59% 2.09% 2.30%Worked at Home 4.15% 4.44% 5.32%

POPULATION BY TRAVEL TIME TO WORK 1 Miles 3 Miles 5 Miles

▪ 2018 Estimate Total PopulationUnder 15 Minutes 23.32% 21.51% 22.08%15 - 29 Minutes 35.11% 35.38% 35.24%30 - 59 Minutes 26.09% 26.82% 26.62%60 - 89 Minutes 5.09% 5.95% 5.82%90 or More Minutes 1.89% 2.56% 2.08%Worked at Home 4.15% 4.44% 5.32%Average Travel Time in Minutes 28 30 29

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IncomeIn 2019, the median household income for your selected geography is$43,527, compare this to the US average which is currently $58,754.The median household income for your area has changed by 36.83%since 2000. It is estimated that the median household income in yourarea will be $49,411 five years from now, which represents a changeof 13.52% from the current year.

The current year per capita income in your area is $24,220, comparethis to the US average, which is $32,356. The current year averagehousehold income in your area is $55,292, compare this to the USaverage which is $84,609.

PopulationIn 2019, the population in your selected geography is 11,304. Thepopulation has changed by 9.64% since 2000. It is estimated that thepopulation in your area will be 11,491.00 five years from now, whichrepresents a change of 1.65% from the current year. The currentpopulation is 48.91% male and 51.09% female. The median age of thepopulation in your area is 44.81, compare this to the US averagewhich is 37.95. The population density in your area is 3,603.57 peopleper square mile.

HouseholdsThere are currently 4,878 households in your selected geography. Thenumber of households has changed by 11.68% since 2000. It isestimated that the number of households in your area will be 5,035five years from now, which represents a change of 3.22% from thecurrent year. The average household size in your area is 2.16persons.

EmploymentIn 2019, there are 13,521 employees in your selected area, this is alsoknown as the daytime population. The 2000 Census revealed that54.25% of employees are employed in white-collar occupations in thisgeography, and 44.55% are employed in blue-collar occupations. In2019, unemployment in this area is 4.47%. In 2000, the average timetraveled to work was 28.00 minutes.

Race and EthnicityThe current year racial makeup of your selected area is as follows:55.71% White, 38.44% Black, 0.03% Native American and 1.27%Asian/Pacific Islander. Compare these to US averages which are:70.20% White, 12.89% Black, 0.19% Native American and 5.59%Asian/Pacific Islander. People of Hispanic origin are countedindependently of race.

People of Hispanic origin make up 17.23% of the current yearpopulation in your selected area. Compare this to the US average of18.01%.

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HousingThe median housing value in your area was $185,125 in 2019,compare this to the US average of $201,842. In 2000, there were2,154 owner occupied housing units in your area and there were 2,214renter occupied housing units in your area. The median rent at thetime was $587.


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Citi Bank Building on 3.25+ Acres...225-255 EAST DANIA BEACH BLVD OFFERING SUMMARY Considerable Upside Due to Below Market Rents Building Anchored by Citibank With $111 Million in

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