RETAIL BUILDING AT NW 36TH STREET

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RETAIL BUILDING AT 59-85 NW 36TH STREET Investment Opportunity Design

1 RETAIL BUILDING AT NW 36TH STREET Investment Opportunity Design District Miami Exclusively Offered by RKF INVESTMENT SALES & ADVISORY SERVICES

2 Table of Contents Executive Summary 3 Investment Highlights 3 Site Plan 3 Property Overview 4 Floor Plans 4 Current Tenancy 5 Financial Overview 7 Approved Redevelopment 8 Market Overview 9 Surrounding Neighborhoods 10 Contact 10

Executive Summary RKF Investment Sales & Advisory Services has been retained as the exclusive agent for the sale of 59-85 NW 36th Street, a 11,130-SF retail building with a 30-space, gated parking

3 Executive Summary RKF Investment Sales & Advisory Services has been retained as the exclusive agent for the sale of NW 36th Street, a 11,130-SF retail building with a 30-space, gated parking lot that is a total of 28,427 SF. The property is positioned at the center of three of the most exciting neighborhoods in Miami, the Design Disctrict, Midtown and Wynwood. The property has been recently remodeled as a home decor showroom that is used by the owner and will also be part of the new Miami Design Village encompassing the entire block on the north side of NW 36th Street in between NW 1st Avenue and N Miami Avenue. Investment Highlights RECENTLY REMODELED SHOWROOM Situated in the Design District, this completely redone retail building offers unparalleled exposure and visibility on NW 36th Street. FUTURE DEVELOPMENT The property is an excellent opportunity for an investor/developer to earn solid income with an eventual development in the future. With T5-O Zoning, the property can be developed to five stories with a gross development size of 113,708 SF. The property is uniquely part of the Design District zoning overlay and the owner already has approved plans for a redevelopment which would create 61,000 SF of leasable area, 4,000 SF of common areas, 4,000 SF restaurant deck, and a 18,000 SF below-grade parking garage. EASILY ACCESSIBLE The property is located next to the main intersection of North Miami Avenue and 36th Street on main thoroughfare NW 36th Street (20,000 VPD), positioned directly off of the I-195 the Design District exit. The property is conveniently located just a five-minute drive from Wynwood, Midtown, and Design District. DYNAMIC RETAIL ENVIRONMENT Part of Miami's Design District, the asset is surrounded by a diverse mix of high-end fashion, home decor, and restaurants. Well known luxury brands such as Louis Vuitton, Gucci, Fendi, Hermes, and Dolce & Gabanna all make for an unrivaled luxury retail destination. The Design District is also home to world-class home decor tenants such as Luminaire, Minotti, Armani Casa, Bulthaup and Fendi Casa. Site Plan NW 36TH STREET 3

4 UP Property Overview Asset Type Retail Building Neighborhood Design District Tract 2600 Lot 18 Zoning Parking Spaces T5-O approx. 30 spaces Parcel Numbers Ceiling Height Site Frontage 12 FT 300 FT Lot Size 28,427 SF Building Frontage 100 FT Ground Floor 10,500 SF Mezzanine 630 SF Total Area 11,130 SF Floor Plans GROUND FLOOR ,500 SF NW 1ST AVENUE PARKING 100 FT NW 36TH STREET NW 36TH STREET 4

5 Exterior Photos APPROVED REDEVELOPMENT FOR 59 NW 36TH STREET 28,427 SF 95 ADDISON HOUSE PARKING 30 Spaces VPD - 20, NW 36TH STREET 5

6 Interior Photos NW 36TH STREET 6

7 Financials Space Details Floor Lot Retail Area Ground Floor CAM Expenses Real Estate Taxes Size 28,427 SF 11,142 SF 10,500 SF Pass-through Pass-through Assumptions LEASING ASSUMPTIONS Market Rent $60.00 Increase per Year 3% Lease Term 5 years Leasing Commissions 4% Downtime 6 months Subletting Right to sublet without consent Cash Flow Projections FOR YEARS ENDING Year 1 Year 2 Year 3 Year 4 Year POTENTIAL GROSS REVENUE Retail Space - Ground Floor $668,520 $688,576 $709,233 $730,510 $752,425 Total Income $668,520 $688,576 $709,233 $730,510 $752,425 Total Gross Income $668,520 $688,576 $709,233 $730,510 $752,425 OPERATING EXPENSES Real Estate Taxes CAM Expenses NONE - All charges will be passed on to tenant Total Expenses NET OPERATING INCOME $668,520 $631,194 $709,233 $730,510 $752,425 Less Downtime $334,260 Less Leasing Commisions $141,970 Less Tenant Improvement Allowance NOI After Leasing Costs $192,290 $631,194 $709,233 $730,510 $752,425 *Figures are approximate NW 36TH STREET 7

8 Approved Redevelopment Renderings View from west CONCEPTUAL RENDERING View from south CONCEPTUAL RENDERING NW 36TH STREET 8

Market Overview The Design District is one of the fastest-growing luxury high street retail markets in the United

The entire areas has undergone a remarkable transformation into a center of fashion, art, luxury, design, and

Conveniently located in the middle of Miami, the district invited a diverse group of locals and tourists

Elements that made the Design District so appealing were its pedestrian friendly environment, easy access to the

9 Market Overview The Design District is one of the fastest-growing luxury high street retail markets in the United States. The entire areas has undergone a remarkable transformation into a center of fashion, art, luxury, design, and culture. Conveniently located in the middle of Miami, the district invited a diverse group of locals and tourists attracted by the unique vibrancy of the area's restaurants, boutiques, and galleries. Elements that made the Design District so appealing were its pedestrian friendly environment, easy access to the highway that connects Miami to Miami Beach and the Miami International Airport, proximity to Downtown Miami, and the great visibility from the highway. Louis Vuittion, Hermes, Fendi, Rolex, Cartier, Dolce & Gabanna, Tesla, Gucci, Louis Buitton, Harry Winston, Tiffany & Co., Bvlgari are just come of the tenants that make up the district NW 36TH STREET 9

10 NW 7TH AVE NW 6TH CT NW 4TH AVE NW 2ND CT SW S MI NE 2ND AVE NE 2ND CT Surrounding Neighborhoods NW 10TH CT NW 10TH CT NW NW 10TH AVE NW 47TH ST NW 41ST ST NW 9TH CT Moore Park ST836 ST ST112 Contact NW 11TH ST John Ellis Managing Director jellis@rkf.com Aaron Labovitz Associate alabovitz@rkf.com NW 6TH ST NW 8TH AVE NW 22ND ST NW 21ST ST NW 5TH ST NW 10TH AVE NW 45TH ST NW 45TH ST NW 9TH AVE NW 44TH ST NW 43RD ST NW 42ND ST NW 29TH TER NW 28TH ST 19TH ST SW 10TH AVE NW 4TH ST NW 30TH ST NW 23RD ST NW 21ST TER NW 18TH ST BOB HOPE RD NW 31ST ST NW 11TH S T REET RD NW 9TH CT NW 7TH STREET RD NW NORTH RIVER D R SW 9TH AVE NW 7TH PL NW 8TH AVE SW 5TH ST NW 34TH ST NW 20TH ST NW 19TH ST NW 18TH TER NW 7TH CT NW 8TH STREET RD NW SOUTH RIVER DR NW 7TH PL NW 3RD ST NW 2ND ST NW 44TH ST NW 7TH CT NW 7TH CT NW 1ST ST SW 3RD ST NW 35TH ST NW 6TH PL NW 7TH AVE SW 7TH AVE 6TH AVE NW 27TH ST SW 7TH CT NW SW 2ND ST NW 6TH AVE NW 9TH ST SW 6TH CT NW 7TH ST SW 6TH AVE NW 45TH ST NW 33RD ST NW 23RD ST NW 22ND ST NW 6TH AVE NW 44TH ST NW 5TH AVE SW 5TH AVE NW 46TH ST 27 NW 32ND ST NW 29TH ST NW 17TH ST NW 40TH ST 59 NW 36TH STREET NW 8TH AVE NW 26TH ST NW 6TH AVE NW NORTH RIVER DR NW 6TH AVE NW 5TH AVE NW 24TH ST 21ST TER NW 5T H NW 11TH ST NW SOUTH CT NW 19TH ST NW 5TH AVE RIVER DR NW 4TH CT NW 3RD AVE NW 26TH ST WYNWOOD NW 23RD ST NW 22ND LN NW 22ND ST NW 4TH ST NW 4TH AVE ST 968 SW 4TH ST NW 39TH ST NW 3RD AVE ST968 NW 2ND AVE NW 38TH ST NW 34TH ST NW 28TH ST NW 27TH ST NW 25TH ST NW 20TH TER NW 16TH ST SW 6TH ST NW 37TH ST NW 34TH TER NW 15TH ST NW 1ST PL NW 13TH ST NW 12TH ST NW 11TH TER NW 9TH ST NW 45TH ST NW 44TH ST NW 42ND ST NW 41ST ST NW 31ST ST NW 35TH ST NW 1ST CT NW 24TH ST NW 23RD ST NW 22ND ST NW 21ST ST NW 16TH ST NW 10TH ST NW 6TH ST NW 8TH ST NW 2ND AVE NW 1ST AVE NW 19TH ST NW 1ST CT NW 1ST AVE NW 3RD ST NW 1ST AVE SW 2ND ST PRIVATE DR NW MIAMI CT NW MIAMI CT NW 1ST ST SW 3RD ST N MIAMI AVE NW MIAMI CT DESIGN DISTRICT N MIAMI AVE NE 46TH ST NE 45TH ST NE 44TH ST NE 43RD ST NE 41ST ST MIDTOWN NE MIAMI CT NE 19TH ST NE MIAMI PL NE 15TH ST NE 25TH ST DOWNTOWN NW 2ND ST NE 38TH ST NE 28TH ST NE 27TH ST NE 26TH ST NW MIAMI CT N MIAMI AVE NE MIAMI CT NE 1ST AVE SW 6TH ST NE 24TH ST NE 23RD ST NE 1ST AVE NE 22ND ST NE 19TH TER NE 17TH TER NE 4TH ST NE 1ST CT NE 31ST ST NE 30TH ST NE 25TH TER NE 13TH TER NE 21ST ST NE 20TH TER NE 13TH ST NE 9TH ST NE 8TH ST NE 7TH ST SE 2ND ST NE 45TH ST NE 11TH ST NE 10TH ST NE 6TH ST NE 1ST AVE S E NE 20TH ST NE 17TH ST NE 3RD ST NE 2ND ST Miami 4TH ST FEDERAL HWY SE 5TH ST SE 6TH ST NE 2ND CT SE 3RD AVE 1 NE 39TH ST NE 35TH ST NE 34TH ST NE 32ND ST NE 30TH TER NE 29TH ST NE 28TH ST NE 26TH TER NE 26TH ST EDGEWATER NE 1ST ST NE 37T NE 18TH ST GATE LN SAB AL H ST NE 29TH TER NE 27TH ST NE 4TH A VE NE 4TH ST NE 38TH ST NE 36TH ST NE 23RD TER NE 22ND TER NE 5TH ST NE 16TH ST HERALD PLZ HEAT BLVD CHOPIN PLZ LAKE RD PALM RD VENETIAN WAY PORT BLVD N N AMERI C A WAY VENETIAN DR MAC ARTHUR CSWY S AMERICA WAY RKF INVESTMENT SALES & ADVISORY SERVICES 800 BRICKELL AVENUE SUITE 502 MIAMI, FL info@rkf.com rkf.com N VENETIAN DR 2018 RKF All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modifications, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for particular offerings imposed by RKF or principals, the terms of which are available to principals or duly licensed brokers. This information may include estimates and projections prepared by RKF with respect to future events, and these future events may or may not actually occur. Such estimates and projections reflect various assumptions concerning anticipated results. While RKF believes these assumptions are reasonable, there can be no assurance that any of these estimates and projections will prove to have been correct. Therefore, actual results may vary materially from these forward-thinking estimates and projections. Any square footage dimensions set forth are approximate. 41 PARROT JUNGLE TRL NE 13TH CT AFRICA WAY NE 13TH PL N CO S COCO NU 41

474 NORTH RODEO DRIVE

BEVERLY HILLS CA 474 NORTH RODEO DRIVE HORIZONTAL IMAGE 9495 SOUTH SANTA MONICA BOULEVARD SPACE DETAILS LOCATION Northeast corner of South Santa Monica Boulevard and North Rodeo Drive SPACE 1,450 SF 1,400