COMISSARY|KOSHER + FDA/USDA · P17 220 SW 31st St., Fort Lauderdale, FL 33315 COMPARABLE SALES SUMMARY Subject Property Price Bldg Size Price/sf Commercial Kitchen $1,690,000.00 9,800sf

COMISSARY|KOSHER + FDA/USDA220 SW 31st Street, Fort Lauderdale, FL

Information contained herein has been secured from sources believed; however, we make no representations or warranties, expressed or

implied, as to the accuracy of the information. Buyer must verify the information and bears the risk for any inaccuracies.

220 SW 31st St., Fort Lauderdale, FL 33315P2

PROPERTY SUMMARY

SUMMARYThis is a great catering facility; formerly owned by Gate Gourmet, a USDA-certified

airline food service company. This is a Commercial Kitchen facility with one large main

kitchen and 3 smaller full kitchens. This single-story building is approximately 9,353sf

(8,800 under air) and it sits on 18,597sf of land. It has 2 loading docks, 3-Phase

Power, 3 additional exterior storage trailers, 2 commercial water heaters, 2 NEW air

conditioners.

The Seller has owned this facility for over 6 years and has outgrown the building; it’s

time to sell.

PHOTO

HIGHLIGHTS• Premium Location

• USDA/FDA Facility

• 2 Loading Docks

• Gas Lines & Propane Gas

• 4 Kitchens

• 4 Coolers/Freezers

• Ample Parking

• Side Yard for expansion




The material contained in this Offering Brochure is furnished

solely for the purpose of considering the purchase of the

property within and is not to be used for any other purpose. This

information should not, under any circumstances, be

photocopied or disclosed to any third party without the written

consent of Alterra Realty Group or Property Owner, or used

for any purpose whatsoever other than to evaluate the possible

purchase of the Property.

The only party authorized to represent the Owner in connection

with the sale of the Property is Alterra Realty Group. No other

person is authorized by the Owner to provide any information or

to make any representations other than contained in this

Offering Brochure. If the person receiving these materials does

not choose to pursue a purchase of the Property, this Offering

Brochure must be returned to Alterra Realty Group or if

received electronically, it should be deleted.

Neither Alterra Realty Group nor the Owner make any

representation or warranty, express or implied, as to the

accuracy or completeness of the information contained herein,

and nothing contained herein is or shall be relied upon as a

promise or representation as to the future representation of the

Property. This Offering Brochure may include certain statements

and estimates with respect to the Property. These Assumptions

may or may not be proven to be correct, and there can be no

assurance that such estimates will be achieved. Further, Alterra

Realty Group and the Owner disclaim any and all liability for

representations or warranties, expressed or implied, contained

in or omitted from this Offering Brochure, or any other written or

oral communication transmitted or made available to the

recipient. The recipient shall be entitled to rely solely on those

representations and warranties that may be made to it in any

final, fully executed and delivered Real Estate Purchase

DISCLAIMER

Agreement between it and Owner.

The information contained herein is subject to change without notice

and the recipient of these materials shall not look to Owner or Alterra

Realty Group nor any of their officers, employees, representatives,

independent contractors or affiliates, for the accuracy or completeness

thereof. Recipients of this Offering Brochure are advised and

encouraged to conduct their own comprehensive review and analysis

of the Property.

This Offering Brochure is a solicitation of interest only and is not an

offer to sell the Property. The Owner expressly reserves the right, at its

sole discretion, to reject any or all expressions of interest to purchase

the Property and expressly reserves the right, at its sole discretion, to

terminate negotiations with any entity, for any reason, at any time with

or without notice. The Owner shall have no legal commitment or

obligation to any entity reviewing the Offering Brochure or making an

offer to purchase the Property unless and until the Owner executes

and delivers a signed Real Estate Purchase Agreement on terms

acceptable to Owner, in Owner’s sole discretion. By submitting an

offer, a prospective purchaser will be deemed to have acknowledged

the foregoing and agreed to release the Owner and Alterra Realty

Group from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any

prospective purchaser, any prospective purchaser should not rely on

any such correspondence or statements as binding Owner. Only a fully

executed Real Estate Purchase Agreement shall bind the property and

each prospective purchaser proceeds at its own risk.

P4Information contained herein has been secured from sources believed; however, we make no representations or warranties, expressed or


220 SW 31st St., Fort Lauderdale, FL 33315

1. PROPERTY INFORMATION▪ Executive Summary ▪ Complete Highlights

2. LOCATION INFORMATION▪ Location Maps▪ Site Plan▪ Survey▪ Zoning Summary▪ Traffic Study▪ Environmental Report Summary

4. DEMOGRAPHICS▪ Market Summary▪ Regional Competing Properties▪ Nearby Cities & Infrastructure▪ Economy▪ Labor / Employers

3. SALE COMPARABLES▪ Sale Comps Summary▪ Sale Comps▪ Sale Comps Map

5. PROPERTY PHOTOS▪ Exterior Photos▪ Interior Photos▪ Illustrations▪ Aerial Photos▪ Additional Photos

6. BROKER & BROKERAGE

TABLE OF CONTENTS




1. PROPERTY INFORMATION




EXECUTIVE SUMMARY

SUMMARYThis is a great catering facility; formerly owned by Gate Gourmet, a USDA-certified

airline food service company.. This single-story building is approximately 9,353sf

(8,800 under air) and it sits on 18,597sf of land. It has 2 loading docks, 3-Phase

Power, 3 additional exterior storage trailers, 2 commercial water heaters, 2 NEW air

conditioners. The sale can include all the furniture and kitchen fixtures depending

upon price. There are also 3 coolers and a freezer. The property has both Propane

Gas Lines & Tanks are available and in use at the property.

There is a twin-T concrete roof with CBS construction; fire detection; dropped ceilings

at approximately 9 feet. In addition to the kitchens, there are a few dry storage areas,

and plenty of cold storage. The building was renovated in 2012 and has updated

office space and kitchen areas.

PHOTO



• 2 Loading Docks


• 4 Kitchens


• Ample Parking





SUMMARYThe property is well situated in the industrial area of Croissant Park. The

property is a short drive to Hollywood | Fort Lauderdale International

Airport and just down the road for Port Everglades. This area is centrally

located; only minutes from I-595 and I-95. Downtown Fort Lauderdale is

minutes away.

PHOTO


• Close to Fort Lauderdale Airport

• Close to Port Everglades

• Close to 595

• Short distance to 95 and major roads

• High-traffic industrial area

• Well-suited for this use

LOCATION OVERVIEW




PROPERTY OVERVIEW

SUMMARYAddress:

220 SW 31st Street, Fort Lauderdale, FL 33315

Buildings:

1 building, 9,300sf

GLA:

8,777 Square Feet

Lot Size:

18,597, Square Feet

Year Built:

1974

PHOTO



• 2 Loading Docks


• 4 Kitchens


• Ample Parking


• Ample Office Space

• Separate Office for USDA Inspector

Property Tax (Tax Year):

$9,335, 2017

Street Frontage:

145 Linear feet

Parking Spaces:

30 +/-

Occupancy :

100%; Owner Occupied

Number of Tenants:

1




2. LOCATION INFORMATION




LOCATION MAP




LOCATION MAP




SURVEY




FLOOR PLAN




ZONING

INDUSTRIAL, MEDIUM USE




ENVIRONMENTAL STUDY

SUMMARYThere is currently no available ESA.

PHOTO




3. SALE COMPARABLES




COMPARABLE SALES SUMMARY

Subject Property Price Bldg Size Price/sf

Commercial Kitchen $1,690,000.00 9,800sf $172.45

220 SW 31st St

Fort Lauderdale, FL 33315

SALE COMPS Price Bldg Size Price/sf

Piccadilly Cafeteria $1,200,000.00 12,678sf** $**

7200 N University Dr

Tamarac, FL 33321

** SOLD FOR LAND VALUE ONLY - City of Tamarac Bought 3 acres to build new fire station

SALE COMPS Price Bldg Size Price/sf

4142 N 28th Terrace $1,200,000.00 6,576sf $182.48

Hollywood, FL 33020




Transaction Details:o Property Name: Commercial Kitchen

o Size (GLA): 9,800 SF

o Sale Price:$1,690,000

o Year Built: 1970

o Property Size: 18,731 SF

o Anchor Tenants: Owner Occupied

o % Leased: 100%

o Details: (Buyer/Seller) CAP

COMPARABLE SALES

Transaction Details:o Property Name: Piccadilly Cafeteria

o Size (GLA): 12,678 SF

o Sale Price: $1,200,000

o Price psf: $94.65

o Year Built:

o Property Size

o Anchor Tenants:

o % Leased:


Transaction Details:o Property Name:

o Size (GLA):

o Sale Price:

o Price psf:

o Year Built:

o Property Size

o Anchor Tenants:

o % Leased:





COMPARABLE SALES MAP

2

1

3

Subject Property

220 SW 31st St.

Fort Lauderdale, FL 33315

7200 N University Dr

Tamarac, FL 33321

4142 N 28th Terrace

Hollywood, FL 33020

2

3




4. DEMOGRAPHICS




MARKET OVERVIEW SUMMARY

SUMMARYFort Lauderdale is a city on Florida's southeastern coast, known for its beaches and

boating canals. The Strip is a promenade running along oceanside highway A1A. It's

lined with upscale outdoor restaurants, bars, boutiques and luxury hotels. Other

attractions include the International Swimming Hall of Fame, with pools and a

museum of memorabilia, and Hugh Taylor Birch State Park, featuring trails and a

lagoon.

The area is home to a recently expanded air port and one of the busiest seaports in

the world.

PHOTO

HIGHLIGHTS• South Florida

• Less than 1 mile from the airport

• Less than 1 mile from the seaport

• Centrally located

Add any additional language




(Hollywood,

highways

a

a

WHAT’S NEARBY

SUMMARY• Fort Lauderdale / Hollywood International Airport

• Port Everglades

• Minutes from Downtown Fort Lauderdale

• Approximately 1 mile from I-95 and I-595

• Surrounded by Mariner servicers

PHOTO


• Anchored by…

• Upside Potential…

• Strong Demographics..

• Excellent Condition..

• Financing – property offered free & Clear




DEMOGRAPHICS




5. PROPERTY PHOTOS




VIEW ANGLE HERE

Front of Bldg Main Kitchen

Sub-Kitchen Reception




VIEW ANGLE HERE

Loading Kitchen

Side yard Aerial




VIEW ANGLE HERE

Office Office

Sales Floor Surveilance




6. BROKER & BROKERAGE BIOS



220 SW 31st St., Fort Lauderdale, FL 33315P29Page 29

Alterra Realty Group is a real estate brokerage, located in South Florida, offering full service to

clientele. We are dedicated to delivering the best service in Residential & Commercial Leasing,

Buying, Selling, and Management.

Our agents & assistants have a wide breadth of experience, from foreclosure and architecture to lending and

education. With endless referral sources, such as Environmental Assessment and Cost Segregation to Attorneys

and Inspectors, we can help and guide buyers and sellers through their transactions.

We also offer Expert Real Estate Valuation services. We analyze value of purchases, sales, and holdings for

litigation, tax planning, and even bank matters. We work with CPAs, Business Analysts, Banks, and Attorneys. We

can assist in the following areas:

● Expert Witness Testimony ● Litigation Support ● Loan Modifications ● Estate and Tax Planning

● Tax Valuation ● Wills & Probate

When working with a Seller, we don’t simply take a listing. We will either perform a cursory listing analysis,

showing what’s listed, what’s sold and suggest a list price; or we will prepare a complete pre-listing analysis

illustrating current use, highest & best use and many other details which will end up in a final marketing

prospectus.

When working with a Buyer we will interview them for specifics which will make their transaction ideal, be it part of

the process or the end result – the right building, the right location and the right price.

Bram Leland Scolnick founded Alterra Realty Group in 2005 with the sole purpose of doing things his

way – clients first. Bram offers a unique level of real estate expertise combined with an uncommon level

of professionalism. Bram is a licensed real estate broker, offering thorough service from start to finish,

focusing personally on commercial real estate. He has completed a variety of transactions including

luxury retail centers, multi-tenant office properties and vast warehouse spaces throughout Florida. Bram

has an extensive business background providing him with great insight to what matters most in a

transaction, the client. His established relationships with complimentary service professionals, combined

with an expansive professional network of resources provide a unique advantage to his clients.

Bram completed his BFA in 1992 and a BArch in 1993, both from Rhode Island School of Design. His

extensive work in architecture is a unique compliment to his current services. He has owned an

import/export company which manufactured products in Asia and Mexico for nearly 5 years. He co-

founded an Internet company in 1999 which later sold in 2001, just before beginning a real estate

career. Bram’s diverse background has helped him understand what it means to not only own, but run a

business. Most importantly, he learned how to cater to the needs of his clients. His unique background

is one of his most valuable professional assets.

Today’s market can be a challenge. In order to navigate the complex decisions involved in today’s real

estate market requires the guidance of a professional. Bram is committed to service with an emphasis

on accountability, reliability, timeliness and enthusiasm. Bram provides his clients information and

experience necessary to assist them in making real estate investment decisions throughout the

changing market cycles.

Office:

Fax:

Mobile:

Email:

954.302.6368

954.241.6715

305.778.8499

[email protected]

BRAM LELAND SCOLNICK

Documents

COMISSARY|KOSHER + FDA/USDA · P17 220 SW 31st St., Fort Lauderdale, FL 33315 COMPARABLE SALES SUMMARY Subject Property Price Bldg Size Price/sf Commercial Kitchen $1,690,000.00 9,800sf