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Brickell Apartment Investment Portfolio Micael Machado Realtor-Associate 786.859.6311

Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

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Page 1: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Brickell Apartment Investment Portfolio

Micael Machado

Realtor-Associate

786.859.6311

Page 2: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

Gross Yearly Rent Income $209,105.16

HOA and Hotel Fees $70,737.84

Property Taxes $42,672.84

NOI $95,694.48

Leasable Area 7,632 SF

Compass Florida LLC proudly presents the sale of this Prime Brickell and Miami Beach Apartment Investment Portfolio. This portfolio includes a total of 8 assets distributed as follows: 4 units in 1060 Brickell, 3 units in Infinity at Brickell, and 1 unit in Mondrian South Beach. Unit 508 at Mondrian is currently under the hotel program for another 20 months. All units are free and clear and under one LLC. Perfect for an investor who wants to invest on prime location with a strong rental market. All units are rented and occupied, showings only with a Letter of Intent.

Key Features

+ Stabilized Rental Income + 100% Occupied + Prime Location-Financial District+ Urban Area+ Walking distance to Brickell City Center, Mary Brickell Village

+ Access to all Public Transportations+ Full Amenities Buildings + 7,632 SQFT of Leasable area + Low Vacancy Rate + Great Unit Mix

Summary

Not intended to solicit currently listed property. © Compass Florida, LLC. Equal Housing Opportunity. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.

Page 3: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

Property Address Building Unit LivArea SF BD/BA

1060 Brickell Ave 1060 Brickell Building 1013 1,440 2/2

1060 Brickell Ave 1060 Brickell Building 4101 1,368 2/2.5

1060 Brickell Ave 1060 Brickell Building 3113 945 1/1

1060 Brickell Ave 1060 Brickell Building 3803 963 1/1.5

60 SW 13 St Infinity Brickell Building 2004 876 1/1.5

60 SW 13 St Infinity Brickell Building 3013 788 1/1.5

60 SW 13 St Infinity Brickell Building 1413 722 1/1.5

1100 West AveMondrian South Beach Condominium / Hotel

508 530 0/1

Unit Mix

Rent Roll

Summary

Address Unit BD/BA Living Area SF Montly RentGross Yrl Rent Income

HOA Property Taxes

1060 Brickell 1013 2/2 1,440 2,650 $31,800.00 $11,368.20 $6,326.26

1060 Brickell 4101 2/2.5 1,368 2,750 $33,000.00 $11,141.64 $8,221.00

1060 Brickell 3113 1/1 945 2,150 $25,800.00 $7,249.68 $5,053.89

1060 Brickell 3803 1/1.5 963 2,150 $25,800.00 $7,662.36 $5,682.88

60 SW 13 St 2004 1/1.5 876 1,700 $20,400.00 $7,619.28 $4,249.33

60 SW 13 St 3013 1/1.5 788 1,850 $22,200.00 $6,854.88 $4,303.95

60 SW 13 St 1413 1/1.5 722 1,850 $22,200.00 $6,201.96 $3,968.28

1100 West Ave 508 0/1 530 2,325 $27,905.16 $12,639.84 $4,867.25

TOTALS 7,632 $209,105.16 $70,737.8 $42,672.84

Not intended to solicit currently listed property. © Compass Florida, LLC. Equal Housing Opportunity. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.

Page 4: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

Why Brickell is the fastest growing neighborhood in South Florida?

Source: www.forbes.com/sites/jeffsteele/2019/03/29/

why-brickell-is-miamis-fastest-growing-

neighborhood/#11d9cb5b7cd0

Referred to as “The Manhattan of the South”, Brickell is

recognized as the second largest international banking

center in the U.S. for its international banking and

business institutions. Brickell is a neighborhood South

of Miami Downtown that has grown rapidly to a vibrant

urban area to live and work offering various luxury condos

and homes surrounded by village with shops, boutiques,

cafes, bistros and fine dining. The vision of Brickell is to

have everything within walking distance and make it a true

live, play and work neighborhood. In 2016 Swire properties

built Brickell City Center a mega-mixed-use project that

includes a 3-level, open-air shopping center with high end

retailers, ultra lux Cinema, Luxe East Miami hotel, and Two

Residential towers and superb dining experience adding

more value to work and live in brickell.

Page 5: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

1060 Brickell Avenue

Building Highlights

• Premier Brickell Avenue address

• Excellent proximity to neighborhood restaurants,

shopping, grocery stores and vibrant

entertainment

• One-block walk to Mary Brickell Village’s exciting

new leisure and lifestyle center

• Adjacent to People Mover and Metrorail station

• Minutes from Coconut Grove, Coral Gables and

South Beach, as well as Miami International

Airport and Interstate 95

• Surrounded by new community initiatives

including the Performing Arts Center, Bicentennial

Park and a proposed Charter School

• Distinctive two-tower complex offering

magnificent views of Biscayne Bay, Downtown

Miami and the city skyline

• Elegant, spacious contemporary 2story lobby

created by an award-winning design team

• 24hour attended lobby and security service

• Multiple high-speed elevators

• Enclosed 12story parking garage featuring

security access controls at all entry levels

• Private storage units

• Ground floor retail and restaurants

• Valet Parking

• Pet-friendly

Property Address Unit LivArea SF BD/BA

1060 Brickell Ave 1,013 1,440 2/2

1060 Brickell Ave 4,101 1,368 2/2.5

1060 Brickell Ave 3,113 945 1/1

1060 Brickell Ave 3,803 963 1/1.5

Page 6: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

1060 Brickell Avenue

Unique Amenities

• Lushly landscaped resort deck featuring temperature-controlled

pool and whirlpool, sun deck and recreation spaces

• State-of-the-art fitness center with advanced cardiovascular

and weight-training equipment, steam rooms, showers and

locker rooms

• Virtual golf room featuring sophisticated indoor golf simulator

• Wine/Cigar lounge outfitted with temperature-controlled wine

storage cabinets and personal humidors for cigars

• Family room

• Spa treatment rooms

• Yoga/aerobics room

• Game room with billiard table

• Lounge and party room with catering kitchen accessible from

pool deck

Quick Facts

Developer IMICO Brickell LLC

Architect SB Architects

Builder N/A

Year Built 2008

Number of Units 570

Unit Sizes From 890 to 1440 SF

Page 7: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

Infinity at Brickell

• Elegant master bath with marble vanity tops, shower

tub walls, and floors

• Imported custom Italian cabinetry

• Top of the line appliances including side-by-side

refrigerator/freezer with ice maker, cook top and

built-in oven, microwave and dishwasher

• Dramatic 10 to 20 foot ceiling heights (floor to floor)

• Expansive glass walls with dramatic city views

• Private wrap-around terraces

• Impact resistant windows and sliding glass doors to

meet hurricane codes.

• Spacious contemporary lobby with walls of glass two

stories high

• Spectacular infinity pool and deck.

• State-of-the-art private fitness center and spa.

• Roof terrace with breathtaking views of the Miami

skyline

• Gyu-Kaku Japanese BBQ restaurant on ground floor.

• 24-hour concierge service and doorman.

• Full security - state-of-the-art monitored security

surveillance

• Valet parking

• Activity area includes television, billiards, library,

sitting area and party room (serviced by a catering

kitchen and bar for special events)

• State-of-the-art fitness center featuring strength and

cardiovascular training, aerobics, yoga, massage, dry

sauna, steam, showers and lockers.

Quick Facts

Developer DYL Development Group, LLC

Architect Borges & Associates

Builder N/A

Year Built 2009

Number of Units 459

Unit Sizes 14

Property Address Unit LivArea SF BD/BA

60 SW 13 St 2004 876 1/1.5

60 SW 13 St 3013 788 1/1.5

60 SW 13 St 1413 722 1/1.5

Page 8: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

Mondrian South Beach

Developed by The Morgans Hotel Group and built in 2007,

Mondrian South Beach is a condo-hotel property which

includes 342 residences and rises 20 floors. The award-

winning Marcel Wanders designed the oversized units

in the Mondrian South Beach building. From this prime

waterfront location residents enjoy breathtaking views of

the Miami skyline, Biscayne Bay, and the Atlantic Ocean.

Amenitites

• 24-Hour World Class Concierge Services

• Full-Service Business Center

• Valet Parking and Limousine Services

• State-of-the-Art Fitness Center

• Complete Housekeeping Services

• Bag Pick-Up Service from the Bal Harbour Shops

• In-Room Massage and Spa Services

• Private Catering

Features

• 32-Inch Flat Screen Monitors

• Loft-Like Spaces

• Unique Features and Custom Detailing by World-

Famous Designer, Marcel Wanders

• Large windows and Private Balconies

• Bathrooms with Oversized Sinks

• Showers Tiled in a Mosaic of Clouds and Sky

• Wander’ Signature Chandeliers

Property Address Unit LivArea SF BD/BA

1100 West Ave 508 530 0/1

Page 9: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

About Miami

Miami Population Growth

Page 10: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

About Miami

Population by Race

Miami Household and Families

Page 11: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

About Brickell

Median Household Income Statistics

Real Estate Statistics Median Home Value, Median Rent,

and Dense Urban bar graph rent vs. own

Page 12: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

Rental Comparables For 1060 Brickell Ave2/2 in the past 6 months

1/1 in the past 6 months

MLS # Link Address Rent Period Beds Bath HBaths SF Liv Area Year Built Sale Price

A10644411 1060 Brickell Ave Unit#4017 $2,800.00 2 2 1 1,368 2008 $2,700.00

F101699361060 BRICKELL AV Unit#2017

$2,800.00 2 2 1 1,368 2008 $2,700.00

A106970311060 BRICKELL AV Unit#3517

$2,800.00 2 2 1 1,368 2008 $2,700.00

A10637600 1060 Brickell Ave Unit#3117 $2,930.00 2 2 1 1,368 2008 $2,900.00

A10720047 1060 Brickell Ave Unit#3401 $3,000.00 2 2 1 1,368 2008 $3,000.00

MLS # Link Address Rent Period Beds Bath Garage SF Liv Area Year Built Sale Price

A107136851060 BRICKELL AVENUE Unit#2113

$2,000.00 1 1 1 945 2008 $2,000.00

A107222171060 BRICKELL AV Unit#2803

$2,200.00 1 1 1 963 2008 $2,100.00

A107342161060 BRICKELL AVE Unit#2215

$2,250.00 1 1 1 945 2008 $2,150.00

A10705466 1060 Brickell Ave Unit#3613 $2,200.00 1 1 1 945 2008 $2,150.00

A106769331060 Brickell Ave Unit#3403

$2,225.00 1 1 1 963 2008 $2,225.00

A10716816 1060 Brickell Ave Unit#3615 $2,200.00 1 1 1 945 2008 $2,200.00

A10641399 1060 Brickell Ave Unit#2115 $2,250.00 1 1 1 945 2008 $2,200.00

Page 13: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

Rental Comparables For Infinity1/1.5 past 6 Months

1/1 in the past 6 months

MLS # Link Address Rent Period Beds Bath HBaths SF Liv Area Year Built Sale Price

A10670843 60 SW 13th St Unit#2606 $1,950.00 1 1 1 875 2008 $1,850.00

MLS # Link Address Rent Period Beds Bath Garage SF Liv Area Year Built Sale Price

A10670843 60 SW 13th St Unit#2606 $1,950.00 1 1 1 875 2008 $1,850.00

A10696984 60 SW 13th St Unit#1620 $1,950.00 1 1 1 878 2008 $1,900.00

A10653178 60 SW 13th St Unit#1608 $1,950.00 1 1 1 876 2008 $1,900.00

A10699879 60 SW 13 ST Unit#2208 $2,000.00 1 1 1 876 2008 $1,900.00

A10695554 60 SW 13th St Unit#3212 $1,975.00 1 1 1 873 2008 $1,900.00

A10720917 60 SW 13th St Unit#2408 $1,950.00 1 1 1 876 2008 $1,950.00

A10693571 60 SW 13th St Unit#3010 $2,000.00 1 1 1 878 2008 $2,000.00

A10719858 60 SW 13th St Unit#1805 $1,950.00 1 1 1 830 2008 $1,900.00

A10658093 60 SW 13th Unit#1604 $2,200.00 1 1 1 876 2008 $2,100.00

A10690161 60 SW 13th St Unit#3207 $1,850.00 1 1 1 742 2008 $1,800.00

A10675653 60 SW 13th St Unit#3005 $1,900.00 1 1 1 739 2008 $1,800.00

A10702166 60 SW 13th St Unit#2407 $1,880.00 1 1 1 739 2008 $1,820.00

A10753530 60 SW 13th St Unit#4614 $2,000.00 1 1 1 807 2008 $2,000.00

A10639919 60 SW 13th St Unit#4810 $2,000.00 1 1 1 765 2008 $1,900.00

A10646404 60 SW 13th St Unit#2605 $1,900.00 1 1 1 739 2008 $1,850.00

A10644890 60 SW 13th St Unit#2805 $1,950.00 1 1 1 739 2008 $1,850.00

A10648242 60 SW 13th St Unit#2609 $1,900.00 1 1 1 739 2008 $1,850.00

Page 14: Brickell Apartment Investment Portfolio...Gross Yearly Rent Income $209,105.16 HOA and Hotel Fees $70,737.84 Property Taxes $42,672.84 NOI $95,694.48 Leasable Area 7,632 SF Compass

Micael Machado | 786.859.6311

Rental Comparables For Infinity

1/1 in the past 6 months

MLS # Link Address Rent Period Beds Bath Garage SF Liv Area Year Built Sale Price

A10648242 60 SW 13th St Unit#2609 $1,900.00 1 1 1 739 2008 $1,850.00

A10619512 60 SW 13 ST Unit#4208 $1,975.00 1 1 1 766 2008 $1,925.00

A10626526 60 SW 13 ST Unit#1413 $1,900.00 1 1 1 722 2008 $1,850.00

A10705325 60 SW 13th St Unit#1615 $1,850.00 1 1 1 714 2008 $1,850.00

A10698141 60 SW 13th St Unit#2617 $1,950.00 1 1 1 750 2008 $1,950.00

A10685473 60 SW 13th St Unit#4608 $2,050.00 1 1 1 766 2008 $2,000.00

A10719660 60 SW 13th St Unit#1103 $2,000.00 1 1 1 722 2008 $1,900.00

A10668247 60 SW 13th St Unit#3211 $2,100.00 1 1 1 742 2008 $2,000.00

A10680303 60 SW 13th St Unit#2015 $1,950.00 1 1 1 714 2008 $1,950.00

A10685861 60 SW 13th St Unit#1107 $1,950.00 1 1 1 700 2008 $1,925.00

A10714505 60 SW 13th St Unit#5014 $2,400.00 1 1 1 807 2008 $2,375.00

A10728053 60 SW 13th St Unit#2521 $1,975.00 1 1 1 700 2008 $1,900.00

A10695856 60 SW 13 ST Unit#1121 $2,000.00 1 1 1 700 2008 $1,900.00

Link to video

Micael MachadoReal Estate Associate | Micael Machado [email protected]: 786.859.6311