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8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza Tamarac, FL 33321 29,895 SF Retail Storefront Retail/Office (Strip Center) Building Built in 1989 Property is for sale at $4,150,000 ($138.82/SF) FOR SALE 1 Sales Co: Millennium Estates, LLC Egemen Toprak (786) 352-9613 19967 Turnberry Is Aventura, FL 33180 (786) 352-9613 Sale Contacts Sales Contact 1: Asking Price: Actual Cap Rate: Price/SF: $138.82 $4,150,000 Sale Type: Bldg Status: - Parcel No: 49-41-04-20-0050 Investment Built in 1989 GLA: 29,895 SF Days on Market: 67 Sale Status: Active For Sale Data Percent Leased: 96.3% (1,100 SF Avail) Spacer Tenancy: Multi Transaction Notes Great opportunity for investors who are looking for a stable income %7.9 Cap Rate in 3rd Year 98.5% Occupancy Long Term Tenants No Debt on the Property Investments in the area (only 1 mile away) - Fairfield Inn by Marriot ( 6 Stories) - Colony West Clubhouse (18.000 SF) Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019 Page 1

8001-8085 W McNab Rd - McNab Commercial Plaza - McNab ......8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza Tamarac, FL 33321 Sale on 8/9/2017 for $3,000,000 ($100.35/SF)

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8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza

Tamarac, FL 33321

29,895 SF Retail Storefront Retail/Office (Strip Center) Building Built in 1989

Property is for sale at $4,150,000 ($138.82/SF)

FOR SALE

1

Sales Co: Millennium Estates, LLC Egemen Toprak(786) 352-9613

19967 Turnberry IsAventura, FL 33180

(786) 352-9613

Sale Contacts

Sales Contact 1:

Asking Price:

Actual Cap Rate:

Price/SF: $138.82

$4,150,000 Sale Type:

Bldg Status:

-

Parcel No: 49-41-04-20-0050

Investment

Built in 1989

GLA: 29,895 SFDays on Market: 67

Sale Status: Active

For Sale Data

Percent Leased: 96.3% (1,100 SF Avail)

Spacer

Tenancy: Multi

Transaction Notes

Great opportunity for investors who are looking for a stable income%7.9 Cap Rate in 3rd Year98.5% OccupancyLong Term TenantsNo Debt on the PropertyInvestments in the area (only 1 mile away)- Fairfield Inn by Marriot ( 6 Stories)- Colony West Clubhouse (18.000 SF)

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 1

8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza FOR SALEProperty is for sale at $4,150,000 ($138.82/SF) (con't)

Property Type: Retail - Storefront Retail/Office (StripCenter)

McNab Plaza

Built in 1989

Center:

Bldg Status:

Owner Type: Individual

Current Retail Information

GLA: 29,895 SF

1,100 SFTotal Avail:

Bldg Vacant: 1,100 SF

% Leased: 96.3%

Street Frontage: 300 feet on West Mc Nab Road

Parking: 175 free Surface Spaces are available

Zoning: B-6/B-1, Tamarac

Owner Occupied: No

CAM: -

Rent/SF/Yr: Withheld No. of Stores: 1

Land Area: 2.75 AC

Features: Air Conditioning, Bus Line, Corner Lot, Property Manager on Site, Restaurant

Property Mix:

Expenses: 2018 Tax @ $2.97/sf

Lot Dimensions:

ID: 122905

OfficeGeneral Retail

14,450 SF14,450 SF

(50.0%)(50.0%)

Building FAR: 0.25

Location Information

Located: NW/C

South Florida

NW Broward/Coral Springs/NW Broward/Coral Springs

Metro Market:

Submarket:

County: Broward

Park Name: McNab Plaza

CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL

DMA: Miami-Ft Lauderdale, FL

CSA: Miami-Fort Lauderdale-Port St. Lucie, FL

Spacer

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 2

Parcel Number: -

-Legal Description:

County: Broward

Plat Map: 8001-8085 W McNab Rd

8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza FOR SALEProperty is for sale at $4,150,000 ($138.82/SF) (con't)

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 3

8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza

Tamarac, FL 33321

Sale on 8/9/2017 for $3,000,000 ($100.35/SF) - Research Complete

29,895 SF Retail Storefront Retail/Office (Strip Center) Building Built in 1989

SOLD

2

Buyer & Seller Contact Info

Recorded Buyer: Recorded Seller: McNab Commercial Plaza, LLCMillennium Estates, LLC

True Buyer: True Seller: Devon North LLC

Benjamin Jacobi

1313 NE 125th StNorth Miami, FL 33161(305) 893-4135

Egemen Toprak

Egemen Toprak

19667 Turnberry IsAventura, FL 33160(212) 217-7760

Buyer Type: Seller Type: IndividualIndividual

Sale Date:

Price/SF:

Sale Price:

$100.35

$3,000,000-Confirmed

08/09/2017

Bldg Type:

Land Area:

Year Built/Age:

GLA:

Retail - Storefront Retail/Office (StripCenter)

Built in 1989 Age: 28

29,895 SF

2.75 AC (119,790 SF)

Percent Leased: 93.4%

Transaction Details

Asking Price: -

Price/AC Land Gross: $1,090,909.09

Total Value Assessed:

Improved Value Assessed

Land Value Assessed:

$2,724,400 in 2016

$1,616,580

$1,107,820

Percent Improved: 59.3%

Land Assessed/AC: $402,843

InvestmentSale Type:

Transfer Tax: $21,000

ID: 3979666

-

Spacer

Tenancy: Multi

Escrow Length: -

Parcel No: 49-41-04-20-0050

Document No: 114559944

Sale History: Sold for $3,000,000 ($100.35/SF) on 8/9/2017Sold for $2,200,000 ($73.59/SF) on 11/18/2004Sold for $1,875,000 ($62.72/SF) on 5/1/2000

No. of Tenants: 23

Legal Desc: Lots 5-7 Blk 34 McNab

Tenants at time of sale: 3a Allied Insurance Corp; Appliance Parts Distributors Inc; Berman Family Chiropractic & Sports CareCentre Pa; Care Chiropractic Center; El Rinconcito Costeno; Fashions Alterations; Fisher, Carl F Cpa; GolfTrader; Hair Designers 1; Jewish Bride; McNab Food Store; Media Creations Inc; My Booking Genie;Nationwide Inspections Inc; Rejoice Cafe; Right Choice; Rms Lead And Consulting; Souliv Beauty Studio;Stop & Shop; Sun Chem Inc; Vision Unlimited; Woodmont Commons; World Wide Cruises Inc

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 4

Sale History: Sold for $3,000,000 ($100.35/SF) on 8/9/2017Sold for $2,200,000 ($73.59/SF) on 11/18/2004Sold for $1,875,000 ($62.72/SF) on 5/1/2000

Spacer

Transaction Notes

This 28,900 square foot retail building was sold for $3,000,000 or $103.81 per square foot.

Information regarding this transaction has been verified with principals from both sides.

Income Expense Data

$85,866

$85,866

Total Expenses

- Operating Expenses

- TaxesExpenses

Property Type: Retail - Storefront Retail/Office (StripCenter)

McNab Plaza

Built in 1989

Center:

Bldg Status:

Owner Type: Individual

Current Retail Information

GLA: 29,895 SF

1,100 SFTotal Avail:

Bldg Vacant: 1,100 SF

% Leased: 96.3%

Street Frontage: 300 feet on West Mc Nab Road

Parking: 175 free Surface Spaces are available

Zoning: B-6/B-1, Tamarac

Owner Occupied: No

CAM: -

Rent/SF/Yr: Withheld No. of Stores: 1

Land Area: 2.75 AC

Features: Air Conditioning, Bus Line, Corner Lot, Property Manager on Site, Restaurant

Property Mix:

Expenses: 2018 Tax @ $2.97/sf

Lot Dimensions:

ID: 122905

OfficeGeneral Retail

14,450 SF14,450 SF

(50.0%)(50.0%)

Building FAR: 0.25

Location Information

Located: NW/C

South Florida

NW Broward/Coral Springs/NW Broward/Coral Springs

Metro Market:

Submarket:

County: Broward

Park Name: McNab Plaza

CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL

DMA: Miami-Ft Lauderdale, FL

CSA: Miami-Fort Lauderdale-Port St. Lucie, FL

Spacer

8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza SOLD29,895 SF Retail Storefront Retail/Office (Strip Center) Building Built in 1989 (con't)

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 5

Parcel Number: 49-41-04-20-0050

-Legal Description:

County: Broward

Plat Map: 8001-8085 W McNab Rd

8001-8085 W McNab Rd - McNab Commercial Plaza - McNab Plaza SOLD29,895 SF Retail Storefront Retail/Office (Strip Center) Building Built in 1989 (con't)

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 6

8199 W Mcnab Rd - Valley Bank

Tamarac, FL 33321

3,885 SF Retail Bank Building Built in 1978

Property is for sale at $2,789,000 ($717.89/SF)

FOR SALE

3

Sales Co: Total Real Estate Consultants Inc Ricardo Rios(305) 301-6471

11760 W Sample RdCoral Springs, FL 33065

(954) 341-3294

Sale Contacts

Sales Contact 1:

Asking Price:

Price/SF: $717.89

$2,789,000 Sale Type:

Sale Conditions:

Bldg Status:

Parcel No: 49-41-04-20-0010, 49-41-04-20-0020

Investment

Built in 1978

Build to Suit

GLA: 3,885 SFDays on Market: 3

Sale Status: Active

For Sale Data

Percent Leased: 100.0%

Spacer

Tenancy: Multi

Transaction Notes

ATTENTION DEVELOPERS: Freestanding Building on a 1.80 +/- Acre Lot Zoned Mixed Use Property includes: Multi Family, Residential,Retail, Office, Medical, Professional: 40% lot construction lot, 40' of Height, on Major Corridor 260' Frontage, 1 Front and 2 Back AccessPoints, 51 parking spaces. 48,000 x2 Traffic Count Daytime & Night Time, Mixed-Use Districts and Nonresidential Established (1) MU-N:Mixed-Use Neighborhood. District is intended to provide for small, compact mixed-use activity centers that serve as convenient, walk-ableservice and retail destinations. Existing Building: Large Reception Area, Kitchen-Break Room, Concrete Rated Vault Room, Solid MetalVault Door, Metal Drop Off Deposit Box. 40 Year Structural in '17. Comprised of Two Folios. Confidentiality & Non Disclosure AgreementRequired, Do Not Disturb Business Owner or Employees -Showings Available at 6pm on Weekdays & anytime on the Weekend, ListingAgent Must Accompany

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

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8199 W Mcnab Rd - Valley Bank FOR SALEProperty is for sale at $2,789,000 ($717.89/SF) (con't)

Property Type: Retail - Bank

Valley Bank

Built in 1978

Center:

Bldg Status:

Owner Type: Individual

Current Retail Information

GLA: 3,885 SF

0 SFTotal Avail:

Bldg Vacant: 0 SF

% Leased: 100.0%

Street Frontage: 203 feet on W Mcnab Rd (with 3 curb cuts)

Parking: 70 Surface Spaces are available

Zoning: B-6

Owner Occupied: No

CAM: -

Rent/SF/Yr: For Sale Only No. of Stores: -

Land Area: 1.80 AC

Features: Air Conditioning, Banking, Drive Thru, Mixed Use, Signage

Property Mix:

Expenses: 2016 Tax @ $5.24/sf

Lot Dimensions: -

ID: 5652762

General Retail (100.0%)

Building FAR: 0.05

Location Information

South Florida

NW Broward/Coral Springs/NW Broward/Coral Springs

Metro Market:

Submarket:

County: Broward

CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL

DMA: Miami-Ft Lauderdale, FL

CSA: Miami-Fort Lauderdale-Port St. Lucie, FL

Spacer

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 8

Parcel Number: -

-Legal Description:

County: Broward

Plat Map: 8199 W Mcnab Rd

8199 W Mcnab Rd - Valley Bank FOR SALEProperty is for sale at $2,789,000 ($717.89/SF) (con't)

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 9

8201 W Mcnab Rd

Tamarac, FL 33321

Sale on 11/7/2017 for $1,100,000 ($140.45/SF) - Research Complete

7,832 SF Class B Medical Building Built in 1987

SOLD

4

Buyer & Seller Contact Info

Recorded Buyer: Recorded Seller: Professional Resources inManagement Education Inc

McNab Professional Offices 18 LLC

True Buyer: True Seller: Professional Resources inManagement Education Inc

1812-1824 SW 100th AveMiramar, FL 33025(954) 436-6300

Allen Chelminsky

Allen Chelminsky

3988 194th LnNorth Miami Beach, FL 33160(305) 682-8848

Seller Type: Corporate/User

Listing Broker: Coldwell Banker Commercial NRT

Joe Price

(954) 205-3993

Coldwell Banker Residential RealEstate, Inc.

Chris Evert

(954) 523-8440

Sale Date:

Price/SF:

Sale Price:

$140.45

$1,100,000-Confirmed

11/07/2017 (179 days on market)

Bldg Type:

Land Area:

Sale Conditions:

Year Built/Age:

RBA:

Medical

Built in 1987 Age: 30

7,832 SF

0.89 AC (38,768 SF)

High Vacancy Property

Percent Leased: 0.0%

Transaction Details

Asking Price: $1,200,000

Price/AC Land Gross: $1,235,955.06

Total Value Assessed:

Improved Value Assessed

Land Value Assessed:

$1,017,030 in 2016

$665,890

$351,140

Percent Improved: 65.5%

Land Assessed/AC: $394,539

Owner/UserSale Type:

Transfer Tax: $7,700

ID: 4052368

-

Spacer

Tenancy: Single

Escrow Length: -

Parcel No: 49-41-04-20-0180

Document No: 114715396

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 10

Parcel No: 49-41-04-20-0180

Document No: 114715396

Sale History: Sold for $1,100,000 ($140.45/SF) on 11/7/2017Sold for $1,050,000 ($134.07/SF) on 9/15/2004

Spacer

Transaction Notes

This 7,832 square foot office building was sold for $1,100,000 or $140.45 per square foot.

Joe Price and Chris Evert of Coldwell Banker brokered the deal.

Information regarding this transaction has been verified with principals from both sides.

Income Expense Data

$29,873

$29,873

Total Expenses

- Operating Expenses

- TaxesExpenses

Bldg Type: Medical

B

7,832 SF

Class:

Total Avail:

Bldg Vacant:

Tenancy:

Owner Type:

Owner Occupied

7,832 SF

Single

-

Yes

Bldg Status: Built in 1987

-

$19.00

% Leased:

Rent/SF/Yr:

Typical Floor Size:

Land Area:

Elevators:

Zoning: 7,832 SF

0.89 AC

0

B-6, Tamarac

Current Building Information

RBA: 7,832 SF

Core Factor: -

Stories: 1

Building FAR: 0.20

Amenities: Conferencing Facility

Parking: 32 Surface Spaces are available; Ratio of 4.09/1,000 SF

Lot Dimensions: 130x298

Street Frontage: 130 feet on McNab Rd

Expenses: 2018 Tax @ $3.77/sf; 2018 Combined Est Tax/Ops @ $5.00/sf

Property Mix: Office

ID: 784537

(100.0%)

Location Information

South Florida

NW Broward/Coral Springs/NW Broward/Coral Springs

Metro Market:

Submarket:

County: Broward

CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL

DMA: Miami-Ft Lauderdale, FL

CSA: Miami-Fort Lauderdale-Port St. Lucie, FL

Spacer

8201 W Mcnab Rd SOLD7,832 SF Class B Medical Building Built in 1987 (con't)

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

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8301 W Mcnab Rd - Tiger Tooth

Tamarac, FL 33321

Sale on 7/25/2018 - Public Record

Commercial Land of 0.69 AC (30,000 SF)

SOLD

5

Buyer & Seller Contact Info

Buyer Type: Seller Type:

Listing Broker: Heller USA Real Estate

Sam Idas

(954) 383-3003

Sale Date:

Sale Price: -

07/25/2018 (128 days on market)

Land Area: 0.69 AC (30,000 SF)

Transaction Details

Asking Price: 395000

InvestmentSale Type:

Proposed Use: Commercial, Health Care, Hospital,Medical

Zoning: B-6

ID: 4437006

-

-

Escrow Length: -

Street Frontage: 30 feet on McNab (with 1 curb cut)

Topography: Level

On-Site Improv: Raw land

Off-Site Improv: Cable, Electricity, Gas, Irrigation, Telephone, Water

Improvements: None

Spacer

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

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Zoning: B-6

-

1

Density Allowed:

Number of Lots:

Improvements: None

Current Land Information

Proposed Use: Commercial/HealthCare/Hospital/Medical

0.69 AC (30,000 SF)

Raw land

Land Area:

On-Site Improv:

Owner Type: -

Lot Dimensions: -

Topography: Level

Off-Site Improv: Cable, Electricity, Gas, Irrigation, Telephone, Water

Street Frontage: 30 feet on McNab (with 1 curb cut)

ID: 8997208

-Max # of Units:

-Units per Acre:

Location Information

South Florida

NW Broward/Coral Springs/NW Broward/Coral Springs

Metro Market:

Submarket:

County: Broward

CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL

DMA: Miami-Ft Lauderdale, FL

CSA: Miami-Fort Lauderdale-Port St. Lucie, FL

Spacer

8301 W Mcnab Rd - Tiger Tooth SOLDCommercial Land of 0.69 AC (30,000 SF) (con't)

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 13

8333 W McNab Rd - McNab Medical Center 18

Tamarac, FL 33321

Sale on 5/23/2017 for $3,800,000 ($89.45/SF) - Research Complete

42,481 SF Class B Medical Building Built in 1976

SOLD

6

Buyer & Seller Contact Info

Recorded Buyer: Recorded Seller: PAMATA, Inc.Laundry King Llc

True Buyer: True Seller: Mark & Celia Schmidt

Mark Schmidt

11920 SW 22nd CtDavie, FL 33325(954) 472-1081

Laundry King Llc

1001 N Miami Beach BlvdNorth Miami Beach, FL 33162(305) 981-2607

Buyer Type: Seller Type: IndividualIndividual

Buyer Broker: Listing Broker: CRE Rauch, Robertson & Co.

Michael Rauch

(954) 242-2806

Thomas Robertson

(561) 703-0888

RE/MAX 5 Star Realty

John DeMarco

(954) 453-1000

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$89.45

$3,800,000-Confirmed

05/23/2017 (176 days on market)

Bldg Type:

Land Area:

Year Built/Age:

RBA:

6.90%

Medical

Built in 1976 Age: 41

42,481 SF

2.75 AC (119,790 SF)

Percent Leased: 80.1%

Transaction Details

Asking Price: $4,200,000

Price/AC Land Gross: $1,381,818.18

Total Value Assessed:

Improved Value Assessed

Land Value Assessed:

$3,164,280 in 2016

$2,057,830

$1,106,450

Percent Improved: 65.0%

Land Assessed/AC: $402,345

InvestmentSale Type:

Transfer Tax: $26,600

ID: 3916515

-

Spacer

Tenancy: Multi

Escrow Length: -

No. of Tenants: 26

Tenants at time of sale: A &Y Immigration; Advanced Medical Associates; American Sports Advisors; Amy C Roskin MD, JD; ArthurG Meyerson Law Offices; Broward Dental Associates Inc; Colony Springs Of Tamarac; Day, Leland S;Debra B Gross LCSW P A; Exeter Property Group; Florida Department of Elder Affairs; Glaucia MessingerLMHC; Global Financial Group; Guner Gulay PhD, PSY.D.; Howard J. Ackerman, D.D.S.; Janetta Jospeh;Maxicare Select; Medica 50 Corp; Mira USA Inc; Naidu Vanessa Sastoque; Pat and Glen LLC; Pro CareRehab & Wellness; Quality Hearing Aids; Regal Home Service; Team Realty Inc; Tri-County CleaningCopyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 14

Parcel No:

Financing:

49-41-04-20-0080

Down payment of $950,000.00 (25.0%)$2,850,000.00 from City National Bank

Document No: 114418777

Sale History: Sold for $3,800,000 ($89.45/SF) on 5/23/2017Sold for $3,100,000 ($72.97/SF) on 1/29/2007

No. of Tenants: 26

Spacer

Tenants at time of sale: A &Y Immigration; Advanced Medical Associates; American Sports Advisors; Amy C Roskin MD, JD; ArthurG Meyerson Law Offices; Broward Dental Associates Inc; Colony Springs Of Tamarac; Day, Leland S;Debra B Gross LCSW P A; Exeter Property Group; Florida Department of Elder Affairs; Glaucia MessingerLMHC; Global Financial Group; Guner Gulay PhD, PSY.D.; Howard J. Ackerman, D.D.S.; Janetta Jospeh;Maxicare Select; Medica 50 Corp; Mira USA Inc; Naidu Vanessa Sastoque; Pat and Glen LLC; Pro CareRehab & Wellness; Quality Hearing Aids; Regal Home Service; Team Realty Inc; Tri-County Cleaning

Transaction Notes

This 42,481 square foot office building was sold for $3,800,000 or $89.45 per square foot.

The property is a medical/office building that had a 6.90% cap rate at the time of sale.

Michael Rauch and Tom Robertson of CRE Florida Partners represented the seller in this transaction.

Information regarding this transaction has been verified with a principle involved in the deal.

Income Expense Data

$93,266

$93,266

Total Expenses

- Operating Expenses

- TaxesExpenses

Bldg Type: Medical

B

3,758 SF

Class:

Total Avail:

Bldg Vacant:

Tenancy:

Owner Type:

Owner Occupied

5,333 SF

Multi

Individual

No

Bldg Status: Built in 1976

91.2%

$11.00

% Leased:

Rent/SF/Yr:

Typical Floor Size:

Land Area:

Elevators:

Zoning: 1,500 SF

2.75 AC

4

B-6

Current Building Information

RBA: 42,481 SF

Core Factor: -

Stories: 2

Building FAR: 0.35

Amenities: Air Conditioning, Atrium, Bus Line, Signage, Storage Space

Parking: 227 Surface Spaces are available; Ratio of 6.00/1,000 SF

Const Type: Masonry

Expenses: 2018 Tax @ $2.36/sf, 2011 Est Tax @ $2.11/sf; 2011 Ops @ $6.07/sf

ID: 378677

Location Information

South Florida

NW Broward/Coral Springs/NW Broward/Coral Springs

Metro Market:

Submarket:

County: Broward

Map(Page): Trakker 80

CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL

DMA: Miami-Ft Lauderdale, FL

CSA: Miami-Fort Lauderdale-Port St. Lucie, FL

Spacer

8333 W McNab Rd - McNab Medical Center 18 SOLD42,481 SF Class B Medical Building Built in 1976 (con't)

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Page 15

Parcel Number: 49-41-04-20-0080

-Legal Description:

County: Broward

Plat Map: 8333 W McNab Rd

8333 W McNab Rd - McNab Medical Center 18 SOLD42,481 SF Class B Medical Building Built in 1976 (con't)

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

Page 16

7225 N University Dr - University Hospital & Medical Cente

Tamarac, FL 33321

Sale on 6/1/2018 for $9,779,985 ($317.04/SF) - Research Complete (Part of Portfolio)

30,848 SF Class B Medical Building Built in 2007

SOLD

7

Buyer & Seller Contact Info

True Buyer: True Seller: Ventas Healthcare Realty, LLC

820 Saint Sebastian WayAugusta, GA 30901(706) 774-2940

HCA Management Services L.P.

Nicholas Paul

One Park PlzNashville, TN 37203(615) 344-9551

Buyer Type: Seller Type: Public REITMedical

Buyer Broker: No Buyer Broker on Deal

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$317.04

$9,779,985-Allocated

06/01/2018

Bldg Type:

Land Area:

Sale Conditions:

Year Built/Age:

RBA:

6.20%

Medical

Built in 2007 Age: 11

30,848 SF

6.03 AC (262,667 SF)

Ground Lease (Leasehold),Bulk/Portfolio Sale

Percent Leased: 93.0%

Transaction Details

Asking Price: -

Price/AC Land Gross: $1,621,888.06

InvestmentSale Type:

ID: 4475255

-

Tenancy: Multi

Escrow Length: -

Document No: 31013-1419

No. of Tenants: 5

Legal Desc: GROUND LEASE PARCEL:A portion of lots 1 through 9, inclusive, and Lots 31 through 40, inclusive, Block L, AMENDED PLAT OFHALLANDALE PARK NO. 6, according to the Plat thereof, as recorded in Plat Book 17, Page 56, of the ...forthe remainder see deed.

Spacer

Tenants at time of sale: Broward Family Medical Ctr; Community Orthopedics & Ctr; Hca Onestep Patient Transfer;Lifestyles...,Fashion Accessories For Women, Inc; Tamarac Mold Pros

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Page 17

Transaction Notes

The information for this report has been verified with a source deemed reliable.

On June 1, 2018 Ventas, Inc. sold the leasehold interest in a group of medical office buildings totaling 179,000 square feet to HCAManagement Services L.P. for $55.25 million, or approximately $309 per square foot.

The buyer owns the leased fee interest in the properties and essentially terminated the ground lease to acquire the properties.

The properties were approximately 93% occupied at the time of sale. A 6.2% cap rate was reported. Operating expenses wereapproximately $11 per square foot.

This was an arm's length transaction.

Income Expense Data

Cash Flow

$3,425,500

- Capital Expenditure

- Debt Service

Net Operating IncomeEstimated Net Income

Bldg Type: Medical

B

5,522 SF

Class:

Total Avail:

Bldg Vacant:

Tenancy:

Owner Type:

Owner Occupied

0 SF

Multi

Medical

No

Bldg Status: Built in 2007

100.0%

$28.50

% Leased:

Rent/SF/Yr:

Typical Floor Size:

Land Area:

Elevators:

Zoning: 15,423 SF

6.03 AC

0

R-4A, B-6

Current Building Information

RBA: 30,848 SF

Core Factor: -

Stories: 2

Building FAR: 0.12

Parking: 210 free Surface Spaces are available; Ratio of 6.80/1,000 SF

Expenses: 2018 Tax @ $5.08/sf; 2018 Combined Est Tax/Ops @ $8.00/sf

Property Mix: Office

ID: 6735314

(100.0%)

Location Information

South Florida

NW Broward/Coral Springs/NW Broward/Coral Springs

Metro Market:

Submarket:

County: Broward

Park Name: University Hospital & Medical Cente

CBSA: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL

DMA: Miami-Ft Lauderdale, FL

CSA: Miami-Fort Lauderdale-Port St. Lucie, FL

Spacer

7225 N University Dr - University Hospital & Medical Cente SOLD30,848 SF Class B Medical Building Built in 2007 (con't)

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Parcel Number: -

-Legal Description:

County: Broward

Plat Map: 7225 N University Dr

7225 N University Dr - University Hospital & Medical Cente SOLD30,848 SF Class B Medical Building Built in 2007 (con't)

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8001-8085 W McNab Rd1 For Sale: $4,150,000 ($138.82/SF)Tamarac 29,895 SF GeneralRetail/Storefront Retail/Office

8001-8085 W McNab Rd2 Sold: $3,000,000 ($100.35/SF)Tamarac 29,895 SF GeneralRetail/Storefront Retail/Office

8199 W Mcnab Rd3 For Sale: $2,789,000 ($717.89/SF)Tamarac 3,885 SF General Retail/Bank

8201 W Mcnab Rd4 Sold: $1,100,000 ($140.45/SF)Tamarac 7,832 SF Class B Office/Medical

8301 W Mcnab Rd5 Sold: -Tamarac 0.69 AC Land

8333 W McNab Rd6 Sold: $3,800,000 ($89.45/SF)Tamarac 42,481 SF Class B Office/Medical

7225 N University Dr (Part ofPortfolio)

7 Sold: $9,779,985 ($317.04/SF)Tamarac 30,848 SF Class B Office/Medical

Address City Property Info Sale Info

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

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0

0

1

0

0

1

$0

$0

$3,800,000

$0

$0

$3,800,000

0.0%

0.0%

100.0%

0.0%

0.0%

100.0%

0.0%

0.0%

100.0%

0.0%

0.0%

100.0%

2Q17: 4/1/2017-6/30/2017

$500k - $1.49M

Less than $500k

$1.5M - $4.9M

$5M - $9.9M

$10M and above

Totals

# of Records % of Records Dollar Volume % of Dollar Volume

0

0

1

0

0

1

$0

$0

$3,000,000

$0

$0

$3,000,000

0.0%

0.0%

100.0%

0.0%

0.0%

100.0%

0.0%

0.0%

100.0%

0.0%

0.0%

100.0%

3Q17: 7/1/2017-9/30/2017

$500k - $1.49M

Less than $500k

$1.5M - $4.9M

$5M - $9.9M

$10M and above

Totals

# of Records % of Records Dollar Volume % of Dollar Volume

0

1

0

0

0

1

$0

$1,100,000

$0

$0

$0

$1,100,000

0.0%

100.0%

0.0%

0.0%

0.0%

100.0%

0.0%

100.0%

0.0%

0.0%

0.0%

100.0%

4Q17: 10/1/2017-12/31/2017

$500k - $1.49M

Less than $500k

$1.5M - $4.9M

$5M - $9.9M

$10M and above

Totals

# of Records % of Records Dollar Volume % of Dollar Volume

1Q18: 1/1/2018-3/31/2018

No Data

0

0

0

1

0

1

$0

$0

$0

$9,779,985

$0

$9,779,985

0.0%

0.0%

0.0%

100.0%

0.0%

100.0%

0.0%

0.0%

0.0%

100.0%

0.0%

100.0%

2Q18: 4/1/2018-6/30/2018

$500k - $1.49M

Less than $500k

$1.5M - $4.9M

$5M - $9.9M

$10M and above

Totals

# of Records % of Records Dollar Volume % of Dollar Volume

3Q18: 7/1/2018-9/30/2018

No Data

Sale Distribution by Price

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

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4Q18: 10/1/2018-12/31/2018

No Data

0

0

2

0

0

2

$0

$0

$6,939,000

$0

$0

$6,939,000

0.0%

0.0%

100.0%

0.0%

0.0%

100.0%

0.0%

0.0%

100.0%

0.0%

0.0%

100.0%

1Q19: 1/1/2019-3/31/2019

$500k - $1.49M

Less than $500k

$1.5M - $4.9M

$5M - $9.9M

$10M and above

Totals

# of Records % of Records Dollar Volume % of Dollar Volume

0

1

4

1

0

6

$0

$1,100,000

$13,739,000

$9,779,985

$0

$24,618,985

0.0%

16.7%

66.7%

16.7%

0.0%

100.0%

0.0%

4.5%

55.8%

39.7%

0.0%

100.0%

Total

Totals

$10M and above

$5M - $9.9M

$1.5M - $4.9M

$500k - $1.49M

Less than $500k

% of Dollar VolumeDollar Volume% of Records# of Records

Survey Criteria

basic criteria: Type of Property - Office, Flex, Retail, Land; Sale Status - Under Contract/Pending, Sold, ForSale; Sale Type - Investment, Owner/User; Return and Search on Portfolio Sales as Individual Properties -Yesgeography criteria: Geography - User Defined Searchadditional criteria: - * This result set has been amended with criteria to add and/or remove records.

Sale Distribution by Price

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

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Dollar Volume # of Transactions

Cap Rate Average Price Per SF

Legend:

Current Survey

Sold Transactions5

$17,679,9852

$6,939,000Number of TransactionsTotal Dollar Volume

111,05613.11

33,7804.55

Total Bldg Square FeetTotal Land in Acres

571,072$4,419,996

198,198$3,469,500

Total Land in SFAverage Price

27,764$159.20

16,890$205.42

Average Number of SFAverage Price Per Bldg SF

$120.402.62

$428.362.28

Median Price Per SFAverage Number of Acres

114,214-

99,099-

Average Number of SF(Land)Average Price Per Unit

--

--

Median Price Per UnitAverage Number of Units

$1,423,509$32.68 $35.01

Average Price Per AcreAverage Price Per SF(Land)

SoldTransactions

For Sale &UC/Pending

$1,525,055

$1,308,887 $1,529,268Median Price Per Acre

$30.05 $35.11Median Price Per SF(Land)6.90% 7.90%Actual Cap Rate

Time Interval - Quarterly

Report Time Frame: 4/1/2017 - 3/15/2019

Survey Criteria

basic criteria: Type of Property - Office, Flex, Retail, Land; Sale Status - Under Contract/Pending, Sold, ForSale; Sale Type - Investment, Owner/User; Return and Search on Portfolio Sales as Individual Properties -Yes

geography criteria: Geography - User Defined Search

Trend Report

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

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additional criteria: - * This result set has been amended with criteria to add and/or remove records.

Trend Report

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

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Trend Report

3Q17 07/1-9/30/172Q17 04/1-6/30/17

For Sale & UC/Pending For Sale & UC/Pending

2Q17 04/1-6/30/17 3Q17 07/1-9/30/17

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsAverage Price Per AcreAverage Price Per SF(Land)Median Price Per AcreMedian Price Per SF(Land)Actual Cap Rate

Sold TransactionSold Transaction

1$3,800,000

42,4812.75

119,790$3,800,000

42,481$89.45$89.45

2.75119,790

---

$1,381,818$31.72

$1,381,818$31.726.90%

0$0

0---0------------

1$3,000,000

29,8952.75

119,790$3,000,000

29,895$100.35$100.35

2.75119,790

---

$1,090,909$25.04

$1,090,909$25.04

-

0$0

0---0------------

2Q18 04/1-6/30/184Q17 10/1-12/31/17

For Sale & UC/Pending For Sale & UC/Pending

4Q17 10/1-12/31/17 2Q18 04/1-6/30/18

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsAverage Price Per AcreAverage Price Per SF(Land)Median Price Per AcreMedian Price Per SF(Land)Actual Cap Rate

Sold TransactionSold Transaction

1$1,100,000

7,8320.89

38,768$1,100,000

7,832$140.45$140.45

0.8938,768

---

$1,235,955$28.37

$1,235,955$28.37

-

0$0

0---0------------

1$9,779,985

30,8486.03

262,667$9,779,985

30,848$317.04$317.04

6.03262,667

---

$1,621,888$37.23

$1,621,888$37.23

-

0$0

0---0------------

Copyrighted report licensed to Total Real Estate Consultants Inc - 1003927. 3/15/2019

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Trend Report

1Q19 01/1-3/15/193Q18 07/1-9/30/18

For Sale & UC/Pending For Sale & UC/Pending

3Q18 07/1-9/30/18 1Q19 01/1-3/31/19

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsAverage Price Per AcreAverage Price Per SF(Land)Median Price Per AcreMedian Price Per SF(Land)Actual Cap Rate

Sold TransactionSold Transaction

1$0

00.69

30,056-0--

0.6930,056

--------

0$0

0---0------------

0$0

0---0------------

2$6,939,000

33,7804.55

198,198$3,469,500

16,890$205.42$428.36

2.2899,099

---

$1,525,055$35.01

$1,529,268$35.117.90%

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