11101 SW 224th Street, Miami, FL 33170 · The property was orginally 12 studio units however it is currently designed as 9 studio units with one large common area. The common area

11101 SW 224th Street, Miami, FL 33170

Exclusive ListingSam Mekras

Investment AssociateDirect: 786.671.0154

[email protected]

MSP Group LLC | 7480 Bird Road, PH 830, Miami, FL 33155 | www.MSPGroup.com|2 Follow Us


Table of Contents Confidentiality Disclaimer

This is a confidential Offering Memorandum intended solely for your limited use and benefit in de-termining whether you desire to express further interest into the acquisition of the Subject Property. This Offering Memorandum contains selected information pertaining to the Property and does not purport to be a representation of state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a pur-chase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition, and other factors beyond the control of the Owner or MSP Group ,LLC. Therefore, all projections, assumptions, and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approxima-tions. Additional information and an oppor-tunity to inspect the Property will be made available to all interested and qualified prospective purchasers. Neither the Owner or MSP Group, LLC. , nor any of their respective directors, offi-cers, affiliates or representatives are making any representation or warranty, expressed or im-plied, as to the accuracy or completeness of this Offering Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Offering Memorandum or use of its contents; and you are to rely solely on your own inves-tigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Offering Mem-orandum. The Owner shall have no legal commit-ment or obligation to any entity review-ing this Offering Memoran-dum or making an offer to purchase the Prop-erty unless and un-til written agreement(s) for the purchase of the Property have been fully executed, delivered, and approved by the Owner and any obligations therein have been satisfied or waived. By receipt of the Offering Memorandum, you agree that this Offering Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Offering Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or MSP Group, LLC. Furthermore , you agree not to use this Offering Mem-oran-dum or any of its con-tents in a manner detrimental to the interest of the Owner or MSP Group, LLC. In this Offering Memorandum, certain documents, including leases and other materi-als, are de-scribed in summary form. These summaries do not purport to be complete nor necessarily accu-rate descriptions of the full agreements referenced. Interested parties are so advised and expect-ed to review all such summaries and other documents of whatever nature independently and not to rely on `the contents of this Offering Memoran-dum in any manner.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MSP Group, LLC AGENT FOR MORE DETAILS

Property Description................................................................................

Financial Analysis....................................................................................

Sales Comparables..................................................................................

Rent Comparables...................................................................................

About MSP Group...................................................................................

MSP Group Deals.....................................................................................

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Property Description



Property Description

More Details

Salient Facts

Address:City, State Zip:

County:Folio:Units:

Total Square Feet:Year Built:

Lot Size(SF):# of Buildings:

# of Stories:Framing:

Exterior Wall:Roof Structure:Roof Covering:

HVAC:# Parking Spaces:

11101 SW 224th StreetMiami, FL 33170Miami-Dade30-6018-015-0020Currently 9 read below3,692196213,75011CBSPainted StuccoPitched woodShingleWall and Central3 paved spaces and ample off street

11101 SW 224th Street Miami, FL 33170 is a vacant multifamily property that has recently been renovated and brought back into compliance with Miami-Dade county. The property was previously operating as a facility for Community Health of South Dade Inc. The property was deemed an unsafe structure and required extensive renovations and repairs to be brought back into compliance with the Miami-Dade building department. The owner was able to get the structural, electrical and fire saftey systems in compliance and has received a certificate of occupancy along with 40 year recertification in 2019. The property was brought back into compliance utilizing the existing set up that Community Health of South Dade Inc. was using while they occupied the property. The property was orginally 12 studio units however it is currently designed as 9 studio units with one large common area. The common area has a complete kitchen, laundry facility, full bathroom and large seating/entertaing area.

In the finacial section we have laid out a model for master leasing the property in

its current state along with bringing the property up to 10 and 11 traditional multi family units. This is a true value add opportunity with a potential Cap Rate far above current standards. You can acheive these cap rates in both scenarios a traditional multifamily property along with a master leased property.

This property is ideally situated just east of US-1 and west of the Florida Turnpike. Just a few blocks north is Southland Mall, a major indoor mall that hosts retailers such as Macy’s, Sears, TJ-Maxx, Ross Dress for Less, JC Penny and K-mart. Mer-cedes Benz of Cutler Bay is adjacent to Southland Mall and across the street is the 2011 built, South Miami-Dade Cultural Arts Center. Also a short distance from the property is a Super Target and a Walmart Supercenter. The property’s location will drive consistently high occupancy, with easy access to US-1, the Florida Turnpike and the Busway; all of which are efficient connectors for tenants to commute to their places of employment both north and south of the site.



Aerial



Aerial

SW 11

12th

Ave

Subject

0.5 Miles From Subject

1 Mile From Subject

0.85 Miles From Subject



Aerial

Dade County District CourtSouth Miami-Dade Cultural Arts

South Dade Regional LibraryMiami Social Security

50,500 AADT

136,000 AA

DT

Subject

SW 1112th Ave















Financial Analysis



Unit Mix - Master Lease

---

Monthly Potential Rent$7,650

Annual Potential Rent$91,800

9 3,692 $850 $2.07`

$2.601 Common Area 817 $0 $0 $0$3.09

8 Efficency 325 $850 $850 $850 $2.851 Small Efficiency 275 $850 $850 $850

Pro Forma# of Units Unit Type SF Rent Range Wtd Average Rent SF

Small Efficiency, 10%

Efficency, 80%

Common Area, 10%

Small Efficiency Efficency Common Area



Income Expense - Master Lease

Purchase PricePrice Per Unit

Cap Rate

Per Unit$10,200

$10,200

Effective Gross Income $10,200Expenses

Taxes 12.27% $1,252Insurance 5.03% $513

Water/Sewer 0.00% $0Electric 0.00% $0

Trash 0.00% $0Repairs and Maintenance 1.31% $133

Management 0.00% $0General and Administrative 1.47% $150

Contract Services 0.00% $0Reserves & Replacements 1.96% $200

22.04% $2,248

77.96% $7,952

$820,000$91,1118.73%

Income Pro FormaGross Potential Rent (GPR) $91,800

$91,800

$11,268

Gross Potential Income (GPI) $91,800

$0$1,200

$0

$4,615$0$0

Total Expenses $20,233

Net Operating Income (NOI) $71,567

$1,350$0

$1,800



Unit Mix - 10 Units

---



$2.61$965

# of Units Unit Type1 Small Efficiency

SF275

8 Efficency2 Bed 1 Bath1

10`

Pro FormaWtd Average

$850$925

$1,400

Rent SF$3.09$2.85

$850$925

$1,400 $1.71325817

3,692

Rent Range$850$925

$1,400

Small Efficiency, 10%

Efficency, 80%

2 Bed 1 Bath, 10%

Small Efficiency Efficency 2 Bed 1 Bath



Income Expense - 10 Units


Cap RateCap Rate on Cost

9 Basic Studios $1,5002 Bed Unit Conversion $6,000

Total Cap X $19,500% Per Unit

$11,5800.00% $01.98% $229

$11,809-5.00% ($579)

$11,230

10.03% $1,1274.11% $4623.21% $3606.95% $7801.60% $1803.12% $3505.00% $5611.34% $1501.60% $1802.23% $250

39.18% $4,400$6,830

$2,288$0

$115,800Income

Gross Potential Rent (GPR)Loss to Lease

Laundry Income

Pro Forma

8.33%

Repairs and Maintenance

Gross Potential Income (GPI)Vacancy

Effective Gross IncomeExpenses

TaxesInsurance

Water/SewerElectric

Trash

ManagementGeneral and Administrative

Contract ServicesReserves & Replacements

Total ExpensesNet Operating Income (NOI)

$43,998

$2,500$1,800

$68,300

$1,500$5,615$3,500$1,800$7,800$3,600$4,615$11,268

$112,298

$820,000$82,000

Capital Improvements8.14%

($5,790)$118,088



Unit Mix - 11 Units

----



$2.79$936

# of Units Unit Type1 Small Efficiency

SF275

81 Bed 1 Bath

EfficencyLarge Efficiency 1

1

11`

Pro FormaWtd Average

$850$925$950

$1,100

Rent SF$3.09$2.85

$850$925$950

$1,100$2.60$2.43

325365452

3,692

Rent Range$850$925$950

$1,100

Small Efficiency, 9%, 9%

Efficency, 73%, 73%

Large Efficiency , 9%, 9%

1 Bed 1 Bath, 9%, 9%

Small Efficiency Efficency Large Efficiency 1 Bed 1 Bath



Income Expense - 11 units


Cap RateCap Rate on Cost

9 Basic Studios $1,5002 Unit Conversion $7,500

Total Cap X $28,500% Per Unit

$11,2360.00% $01.85% $208

$11,444-5.00% ($562)

$10,883

9.41% $1,0243.86% $4203.31% $3606.52% $7091.65% $1803.22% $3505.00% $5441.38% $1501.50% $1642.30% $250

38.14% $4,151$6,732

$2,288$0

$123,600Income

Gross Potential Rent (GPR)Loss to Lease

Laundry Income

Pro Forma

9.03%

Repairs and Maintenance

Gross Potential Income (GPI)Vacancy

Effective Gross IncomeExpenses

TaxesInsurance

Water/SewerElectric

Trash

ManagementGeneral and Administrative

Contract ServicesReserves & Replacements

Total ExpensesNet Operating Income (NOI)

$45,658

$2,750$1,800

$74,050

$1,650$5,985$3,850$1,980$7,800$3,960$4,615$11,268

$119,708

$820,000$74,545

Capital Improvements8.73%

($6,180)$125,888



Sales Comparables



Sales Map

2240 SW 115th Court

11683 SW 213th Street


20535 SW 114th Court



1.

2.

3.

4.

5.

6.


Legend

1

2

3

4

5

6



Sales Graphs

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

11101 SW 224th Street 22240 SW 115th Court 11863 SW 213th Street 12121 SW 216th Street 20535 SW 114th Court 20281 SW 110th Court 222720 SW 124 Court

Price Per Unit

$128,833

Average



Sales Comparables

Subject

Sales Comparable 2

Sales Comparable 1

Sales Comparable 3

Price:Units:

Sale Date:

Price:Units:

Sale Date:

Price:Units:

Sale Date:

Price:Units:

Sale Date:

$820,00010On Market

$240,000212/27/2019

$420,00041/8/2020

$250,00021/15/2020

Year Built:Price per Unit:

Price per SF:


Price per SF:


Price per SF:


Price per SF:

Property:

Property:

Property:

Property:

1962$82,000$222

1960$120,00$217

1961$105,000$190

1960$125,000$121

11101 SW 224th StreetMiami, FL 33170


22240 SW 115th CourtMiami, FL 33170


Comments:

Comments:

Comments:

Comments:

Unit TypeSmall Efficiency

EfficiencyCommon Area

Total Average:

Unit Type2 Bed 1 Bath

Total Average:

Unit Type1 Bed 1 Bath 2 Bed 1 Bath

Total Average:


Total Average:

#181

10

#2

2

#22

2

#2

2

SF275325817

3,692

SF552

1,104

SF450653

2,205

SF744

1,488



Sales Comparables

Sales Comparable 4

Sales Comparable 6

Sales Comparable 5

Price:Units:

Sale Date:

Price:Units:

Sale Date:

Price:Units:

Sale Date:

$255,00021/29/2020

$280,000210/31/2019

$311,000212/30/2019


Price per SF:


Price per SF:


Price per SF:

Property:

Property:

Property:

1961$127,500$185

1971$140,000$173

1971$155,500$172




Comments:

Comments:

Comments:

Unit Type1 Bed 1 Bath2 Bed 1 Bath

Total Average:

#11

2

SF600780

1,380

Sales Comparable 7

Price:Units:

Sale Date:

$1,185,000114/6/2018


Price per SF:

Property:

1988$107,727$120

Sun Vista Bulk Condos 5700 Rock Island Road Tamarac, FL 33319

Comments:

Unit Type1 Bed 1 Bath2 Bed 1 Bath2 Bed 2 Bath

Total Average:

#524

11

SF700920

1,140

9,900


Total Average:

#2

2

SF808

1,616


Total Average:

#2

2

SF905

1,809



Rent Comparables



Rent Map

Courtyards at Cutler Bay

The Park at Sheffield

Carib Villas

Cutler Gardens and Paradise Isles

1.

2.

3.

4.

11101 SW 224th StreetLegend

1

2

34



Rent Graphs

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

11101 SW 224thStreet

Courtyards atCutler Bay

The Park atSheffield

Carib Villas Cutler Gardens& Paradise Isles

Occupancy Rate98%

Average

0

100

200

300

400

500

600





Average Unit Size

415Average

$0

$200

$400

$600

$800

$1,000

$1,200

11101 SW224th Street




Average Rent

$1,032

Average

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50





Average Rent Per SF

$2.62Average



Rent Sort

Unit Type 1 Unit Type 2Property Name Unit Type # SF Asking Rent Rent/SF Property Name Unit Type # SF Asking Rent Rent/SFThe Park at Sheffield Studio 68 288 $1,132 $3.93 11101 SW 224th Street 2 Bed 1 Bath 1 817 $1,400 $1.71Courtyards at Cutler Bay Studio 4 485 $1,075 $2.22 11101 SW 224th Street 1 Bed 1 Bath 1 452 $1,100 $2.43Carib Villas Studio 56 450 $960 $2.13 635 $1,250 $2.07Cutler Gardens & Paradise Isles Studio 14 438 $960 $2.1911101 SW 224th Street Large Efficiency 1 365 $950 $2.6011101 SW 224th Street Efficency 8 325 $925 $2.8511101 SW 224th Street Small Efficiency 1 275 $850 $3.09

375 $979 $2.72Average

Average



Rent Comparables


Courtyards at Cutker Bay19800 SW 110th Court

Miami, FL 33157

The Park at Sheffield15601 SW 137th Avenue

Miami, FL 33177

Total Units: 10+/-Occupancy: 0%Year built:1962

Total Units: 4Occupancy: 95%Year built: 1979


Below rent includes electricity and water. Below rent includes water charges and has been adjusted up to reflect a $35 monthly electricity bill. This is the 4 studio units at a144 unit community.

Below rent includes water and has been adjusted up to reflect a $35 monthly electricity bill. This is the 68 studio units at a 309 unit community.

Subject Rent Comparable 1 Rent Comparable 2Subject

Unit TypeSmall Efficiency

EfficencyLarge Efficiency

1 Bed 1 Bath2 Bed 1 Bath

Total/Average

Unit TypeStudio

Total/Average

Unit TypeStudio

Total/Average

#18111

#4

4

#68

68

Avg SF275325365452817

376

Avg SF485

485

Avg SF288

288

Rent$850$925$950

$1,100$1,400

$975

Rent$1,075

$1,075

Rent$1,132

$1,132

Rent/SF$3.09$2.85$2.60$2.43$1.71

$2.59

Rent/SF$2.22

$2.22

Rent/SF$3.93

$3.93



Rent Comparables

Carib Villas11101 SW 200th Street

Miami, FL 33157

Cutler Gardens & Paradise Isles 10900 & 11110 SW 196th Street

Miami, FL 33157

Inverrary Village2979 NW 56th Avenue Lauderhill, FL 33133


Total Units: 14Occupancy: 929%Year built: 1973-74


Below rent includes water charges and has rent has been adjusted up to reflect a $35 monthly electricity bill. This is the 56 studio units at a 365 unit community.

Below rent includes water charges and rent has been adjusted up to reflect a $35 monthly electricity bill. This is the 14 studio units at a 722 unit community.

Rent Comparable 3 Rent Comparable 4 Rent Comparable 5

Unit TypeStudio

Total/Average

Unit TypeStudio

Total/Average

Unit Type1 Bed 1 Bath 2 Bed 1 Bath

#56

56

#14

14

#40

139

Avg SF450

450

Avg SF438

438

Av. SF785985

Rent$960

$960

Rent$960

$960

Rent$1,008$1,192

Rent/SF$2.13

$2.13

Rent/SF$2.19

$2.19

Rent/SF$1.28$1.21



About MSP Group



About MSP Group

Integrity | Service | ResultsTo date, the duo of Deme Mekras and Elliot Shainberg have closed nearly $750,000,000 and more than 10,500 units in their careers. Deme and Elliot each began their professional careers in different parts of the country and in different industries, but both began in sales. They learned that hard work and tenacity lead to results. While Deme was selling telecommunications services to small businesses in Miami, Elliot sold payroll solutions to small and medium sized businesses in New York City. Both recent college gradu-ates, they spent their days pounding the phones, beating the pavement and literally knocking on doors.

After proving themselves in competitive markets, they turned their attention to real estate, which quickly became their passion. When they each entered the real estate business, neither knew the other existed, but both were hungry to learn and develop. This ambition and thirst for knowledge lead them to entry level positions at Marcus & Millichap, one of the world’s larg-est commercial brokerage houses. Elliot started with Marcus & Millichap in New York and Deme in Ft. Lauderdale. Shortly after marrying his wife, a South Florida native, Elliot moved to South Florida and joined the Ft. Lau-derdale office. Deme and Elliot spent the next 10 years at the firm, earning

numerous sales awards, receiving several promotions and helped found the Miami office prior to their departure in 2012.

In late 2012, Deme was recruited at the partner level to join Franklin Street, based in Tampa. Deme agreed to open the firm’s Miami office and did so by bringing his team of 4 professionals over with him. Over the next two years, Deme and Elliot established the firm’s brand in the South Florida multifamily sales arena by closing more than $150,000,000 in deals. Despite their suc-cess at Franklin Street, the time had come for them to spread their wings and launch their own enterprise. In 2015, Deme and Elliot founded MSP Group and were off to the races.

They set out to make MSP Group the most trusted brand in South Florida commercial real estate. To accomplish their mission, they needed a plat-form that would allow them to truly serve their clients, free from conflicting corporate agendas and toxic work environments. Having left all of the in-fighting, office politics and bureaucracy behind, Deme and Elliot were free to focus on what they do best…Delivering best-in-class results for their clients!

MSP Group LLC is South Florida’s Premier Commercial Real Estate Brokerage House.



Team Biographies

Deme is the visionary and Chief Executive Officer at MSP Group. He is an expert in the multifamily arena and has closed nearly 10,000 units in his career as well as numerous commercial proper-ties and developable land. A dedicated specialist, Deme has a firm command over all aspects of the multifamily business and enjoys a stellar reputation in the market.

A Miami native, Deme grew up in the areas of Coral Gables and Coconut Grove. He attended Ransom Everglades middle and high schools before graduating from Coral Gables Senior High. He then attended Southern Methodist University (SMU) where he earned his Bachelors in Business Administration, majoring in Organiza-tional Behavior and Business Policy with a double minor in Span-ish and Latin American Studies. Deme is fluent in Spanish which vastly enhances his relationship with his Latin American clientele.

After finishing at SMU in Dallas, Deme returned home to Miami to begin his professional career. He gained valuable experience in a variety of industries ranging from aviation to telecom. During his time as a salesperson in the telecom industry, Deme’s determina-tion and tenacity made him a consistent performer. His last sales position in the tech world was at MCI/Worldcom. Fortunately, he had earned his salespersons license in 2001 and closed his first commercial real estate transaction just as the dot com crash was unfolding.

Having closed the telecom chapter of his career, Deme pursued his calling in the real estate business. After a brief stint at CBRE, he joined the ranks at Marcus & Millichap in Ft. Lauderdale, where he earned the esteemed Rookie of the Year award in 2003. Later he became a founding member of the firm’s Miami office which opened in 2005. Prior to his departure from Marcus & Millichap in 2012, Deme was recognized by the firm numerous times for his performance, including receiving the prestigious National Sales Achievement Award multiple times and earning the title of Vice President of Investment Sales.

He was pulled away from Marcus & Millichap in late 2012 after being recruited at the partner level to join Franklin Street. Deme brought his entire team with him and opened Franklin Street’s Mi-ami office. Over the next 2 years, they put the previously un-recog-nized brand on the map in South Florida by closing $150,000,000 in deals under the Franklin Street flag.

An entrepreneur at heart, going out on his own was a natural evolution for Deme. In March of 2015, Deme and co-founder, Elliot Shainberg, launched MSP Group. Through their hard work and an unwavering commitment to their founding principles, the company surpassed $100,000,000 in sales and closed over 900 units in the first full calendar year; and the rest is history…in the making!

Southern Methodist University• BBA in Organizational Behavior and Business Policy, 1998• Double Minor Spanish and Latin American Studies• Licensed Real Estate Broker - Florida

• Nearly $700 Million in Closed Deals• Nearly 10,000 units Closed• Power Leader - South Florida Business Journal, 2014• Sales Achievement Award - Franklin Street, 2014• Company Sales Plaque—Marcus & Millichap, 2005,2006, 2012• Seven-Figure Club—Marcus & Millichap, 2009-2012

Deme Mekras - CEO, Managing Partner

Education Sales Achievements / Awards

Deme MekrasCEO, Managing Partner

(786) 208-2684 – Mobile(786) 671-0149 – Direct

[email protected]



Team Biographies

Elliot is a Co-Founder and Managing Partner of MSP Group. He has been in the multifamily business in South FL since late 2003 and has closed on the sale of nearly 7,000 multifamily and frac-tured condominium units in his career. Dedicat-ed to maximum performance for their clients, Elliot and his business partner Deme Mekras, have built a reputation on putting their Clients’ need first and foremost while being aggressive and creative deal makers. A Los Angeles, California native, Elliot also spent time living in the New York City area prior to moving to South Florida with his wife in 2003. He attended Yeshiva University in New York City where he earned his Bachelor degree, majoring in Political Science.

Prior to getting into the real estate business Elliot received multi-ple sales achievement awards selling payroll related services for Compupay in Midtown Manhattan from 1999 to 2002. In 2003 and while still in New York, he entered the real estate industry and gained valuable experience in property management and then multifamily investment sales for Marcus and Millichap. Elliot transferred to the firm’s Ft. Lauderdale office in 2003, where he focused on multifamily sales in Dade and Broward counties. Later he became a founding member of the firm’s Miami office which opened in 2005 and was the firm’s top selling multifamily agent in their Miami office during the economic downturn of 2009, again proving his mettle.

He was pulled away from Marcus & Millichap in late 2012 after be-ing recruited with Deme Mekras to join Franklin Street. Elliot and Deme put the previously unrecognized brand on the map in South Florida by closing $150,000,000 in deals under the Franklin Street flag between January 2013 and March of 2015.

With 12 years of experience under his belt from large and mid-size commercial real estate firms the next logical step for Elliot’s career was to co-found MSP Group, which he did in 2015. Since opening MSP Group, Elliot and Deme have flourished and repeatedly take business from national and global competitors by cherishing their client relationships and leveraging their deep market knowledge. Their work ethic and commitment to their clients is punctuated by the more than $100,000,000 and 900 units in closed deals achieved in the first full calendar year since MSP Group launched in 2015. The future is bright at MSP Group as the firm continues to build on its core principals of success!

Yeshiva University• BA in Political Science• Licensed Real Estate Salesperson - Florida

• Surpassed $370 Million in career closings• Nearly 7,000 Units Closed• Sales Achievement Award - Franklin Street, 2014• #1 Agent Marcus & Millichap Miami Office—2009

Education Sales Achievements / Awards

Elliot ShainbergManaging Partner

(917) 992-6189 – Mobile(786) 671-0151 – Direct

[email protected]

Elliot Shainberg - Managing Partner



Team Biographies

In addition to being a founding member of MSP Group, Sam was instrumental in developing MSP Group’s proprietary financial mod-els, proposal templates and marketing materials. As MSP Group has progressed out of the start-up phase, Sam is an integral part of the MSP Group sales team, focusing on multifamily properties between 10 and 50 units in South Florida.

While Sam was born in Durham, North Carolina, he returned to his family roots, moving to Miami just before Hurricane Andrew in 1992. Both of Sam’s parents being Miami natives and strong family ties brought them back to Miami. Sam grew up in the South Miami area, attending Kenwood K-8 Center and later graduated from Florida Christian School.

He then went on to study at Florida International University (FIU) where he earned a Bachelors of Business Administration, majoring in Finance. Sam completed his post graduate studies at FIU and obtained a Master of Science in Finance; earning a 3.8 grade point average while shouldering a full time work load as a Senior Analyst at Franklin Street.

Prior to Franklin Street, Sam began his real estate career with a brief stint at Marcus & Millichap, assisting MSP Group CEO, Deme Mekras in all business functions. Sam logged a combined 3 years at Marcus & Millichap and Franklin Street, where he gained valu-able experience, underwriting close to $500,000,000 of multifamily properties and helping to fa-cilitate the teams’ pipeline of closings.

Sam’s integrity, knowledge of finance, mastery of Microsoft Excel and rigorous work ethic make him an invaluable asset to MSP Group.

Florida International University• Master Science of Finance, 2014• BBA in Finance, 2013• Licensed Real Estate Salesperson - Florida

Education

Sam MekrasInvestment Associate

(786) 417-3709 – Mobile

(786) 671-0154 – Direct

[email protected]

Sam Mekras - Investment Associate



Our Team

Deme MekrasCEO, Managing Partner

Cristy FranyieTransaction and Marketing Coordinator

Sam MekrasInvestment Associate

Elliot ShainbergManaging Partner

Eddie BustamanteFinancial Analyst



Our Advantage

Integrity | Service | Results Sales Volume

Specialization | Expert Analysis

The three pillars of INTEGRITY | SERVICE | RESULTS are the foundation on which MSP Group was born and the philosophy that every member of our team is committed to. MSP Group’s success is obviously not due to our size, but rather an unwavering commitment to our mantra that “the Client’s agenda is the ONLY agenda.”

MSP Group founders, Deme Mekras and Elliot Shainberg, share their deep experience, market knowledge and industry relationships with their clients. Over the last 14 years, they have closed nearly $750,000,000 and more than 10,500 units in multifamily sales.

MSP Group Clients benefit from expert valuations because we are multifamily specialists. We are acutely aware of market trends, submarket nuances and most importantly, current buyer demand. Our extensive network of active buy-ers, deep relationships with local, regional and national lenders all contribute to our ability to get even the toughest of deals closed.

$750

,000

,000

10,5

00

$ Volume Closed # of Units Sold



Lender Network

Unlike Our Competitors Msp Group’s Wide Ranging Investor Pool

We pride ourselves on demonstrating genuine care about our Clients’ indi-vidual circumstances and objectives. Whether you are a private investor or a billion dollar fund manager, MSP has the knowledge and experience to ser-vice your business. Because our approach is a holistic one, we understand that “sell now” isn’t always the best answer (when’s the last time you heard a broker say that!?!?).

MSP Group maintains relationships with many local, regional, and national lenders that play a critical role in the liquidity of the apartment market.

How We Get Maximum Results

Over the last 15 years MSP Group founders, Deme Mekras and Elliot Shainberg, have closed nearly $750,000,000 and more than 10,500 units in multifamily sales. MSP Group’s unmatched work ethic and experience consistently delivers best-in-class results to our Clients. Tailoring eachmar-keting campaign to the subject Property and specific Client needs, we cast as wide of a net as possible to ensure market exposure that spans the globe and leaves no stone unturned.

25% 56%

19%

Out of State Local

International



Global Reach

The client’s agenda

MSP Group maintains relationships with many local, regional, and national lenders that play a critical role in the liquidity of the apartment market.

Client’s AgendaWe broadly expose our listings to the market and often proactively market to the outside brokerage community. Many of our competitors keep their inventory in house and don’t expose it to the broader market. Some of them will tell you they “cooperate”, but what they don’t tell you is that they make cooperating brokers jump through hoops and divulge personal information about their Buyer before releasing information about the opportunity. This tactic helps our competitors keep more Seller-paid commissions in the pockets of the listing broker, but this is at the expense of the very Client they are supposed to be serving! At MSP Group, the Client’s agenda is the ONLY Agenda!



Client’s Testimonials

Both Deme and Elliot are extremely diligent and professional and

know how to get deals closed.

Freddy SayeghFreshwater Group LLC

Their tenacity and commitment to their

client...

David S. AllenRealty Financial Partners

We wanted to thank you for your guidance, patience

and proffesionalism in getting the deal done.

Andrew GordonStratford Management

A testament to your determined,

professional effort for which I am grateful.

Gary A. Tave, P.E.Managing Member

Deme and his staff went far above and

beyond the call of duty.

Howard E. Kurzweil, ESQ

I could not imagine a better person to

deal with than Deme Mekras.

Carlos ToscaPalmCorp Development

They promised us more value and they delivered. Our experience working with the MSP Group has

been exceptional.Sebastian Barbagallo

B&L Management Group

Deme is a rarity on the South Florida Real

Estate scene.

Elizabeth SargentSouth Florida Living

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MSP Group Deals



Available Deals

Allapattah Development Site Miami

Units:102

Year Built:TBD

Price per Unit:$25,980

Price:$2,650,000

485 SW 4th Avenue Homestead

Units:12

Price:$925,000

12326 NE 6th Avenue North Miami

Year Built:1959


Price:$1,300,000

Art Building West Palm Beach

Units:18

Year Built:1924


Price:$2,050,000

Rancho Luna Development Site Miami

Units:80

Year Built:TBD

Price per Acre:$28,125

Price:$2,250,000

CLOSED

UNDER

CONTRACT

Year Built:1956


Venice & Florence at Crystal Lakes Miami

Units:242

Year Built:2007-13


Price:44,700,000

Units:10



Closed Deals

Avesta Portfolio Florida

Palm Terrace Hollywood

Hialeah Portfolio Hialeah

Sunset Palms Davie

Southwood Miami

Palm Gardens Wilton Manors

Units:2,199

Units:192

Units:161

Units:318

Units:144

Units:163

Year Built:Multiple

Year Built:1968

Year Built:1958-1968

Year Built:1975

Year Built:1979

Year Built:1969







Price:$81,363,000

Price:$19,550,000

Price:$14,100,000

Price:$38,500,000

Price:$14,185,000

Price:$14,100,000

CLOSEDCLOSED

CLOSED

CLOSED

CLOSED

CLOSED

*Partial list of closed deals



Closed Deals

Miller Lake Miami

Kimberly North Lauderdale

Grand Island II & III North Miami Beach

Vizcaya Villas Tamarac

Noden Miami

Units:78

Units:100

Units:110

Units:129

Units:94

Year Built:1970

Year Built:1960

Year Built:1959-69

Year Built:1990

Year Built:1968-70






Price:$12,450,000

Price:$11,900,000

Price:$11,000,000

Price:$12,350,000

Price:$11,400,000

CLOSEDCLOSED

CLOSED

CLOSEDCLOSED


Riverwalk II Homestead

Units:112

Year Built:1994


Price:$12,000,000

CLOSED



Closed Deals

1105 W 76th Street Hialeah

Sovereign Bank Portfolio Florida

Intermex Miami

Windward Lakes Pompano Beach

Sabal Pointe Condos Palm Springs

Units:76

Units:367

SF:25,420

Units:104

Units:117

Year Built:1968

Year Built:Multiple

Year Built:1994

Year Built:1992

Year Built:1973



Price per SF:$294



Price:$10,400,000

Price:$9,000,000

Price:$7,474,000

Price:$9,600,000

Price:$8,190,000

CLOSED

CLOSEDCLOSED

CLOSEDCLOSED


Monserratt Miami

Units:120

Year Built:2000


Price:$10,410,000

CLOSED



Closed Deals

Shady Oaks St. Petersburg

Miami D Miami Gardens

78 Unit Portfolio Miami Springs

Jaclyn Hialeah

Units:189

Units:112

Units:78

Units:72

Year Built:1972

Year Built:1972

Year Built:Multiple

Year Built:1970





Price:$7,100,000

Price:$6,050,000

Price:$6,300,000

Price:$6,050,000

CLOSED

CLOSED

CLOSEDCLOSED


Autumn Chase Condos Largo

Units:124

Year Built:1975


Price:$7,431,956

CLOSED

California Club Miami

Units:64

Year Built:1978


Price:$7,050,000

CLOSED



Closed Deals

Del Rio Miami

Crespi Waterfront Miami Beach

Greenview Tamarac Tamarac

Galaxy Miami

Units:77

Units:24

Units:129

Units:48

Year Built:1963

Year Built:1969

Year Built:1990

Year Built:1972





Price:$4,620,000

Price:$4,300,000

Price:$4,515,000

Price:$4,000,000

CLOSEDCLOSED

CLOSEDCLOSED

CLOSED

CLOSED


Continental Springs Miami Springs

Units:55

Year Built:1966


Price:$5,300,000

CLOSEDCapital Oaks Villas Tallahassee

Units:84

Year Built:1974


Price:$5,850,000

CLOSED

/ MSPGroup

P +1 (786) 671-0155MSP Group LLC | 7480 Bird Road, PH 830, Miami, FL 33155 | www.MSPGroup.com

E [email protected]| F +1 (786) 364-1577 |

Documents

11101 SW 224th Street, Miami, FL 33170 · The property was orginally 12 studio units however it is currently designed as 9 studio units with one large common area. The common area