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C E N T R A L
P A R K
D I S T R I C T
E R D I N A F R A N C I L L O NC E N T R A L D I S T R I C T P A R K . C O M
M O D E R NI N D U S T R I A LF L E X S P A C E F O R S A L E I N
M I A M I , F L O R I D A
B U S I N E S S V I S I O N
1
E B - 5 i n v e s t o r s a r e n e e d e d t o d e v e l o p r a w , m o d e r n f l e x s p a c e u n i t s t h a t w i l ls e r v e a s t h e f i r s t p h a s e o f a n u r b a n r e v i t a l i z a t i o n e f f o r t t o b e n a m e dC e n t r a l D i s t r i c t P a r k . T h e P a r k w i l l c o n s i s t o f 2 5 f o r s a l e u n i t s w i t hc o m m o n a r e a c o u r t y a r d f o r g u e s t s . T h e v i s i o n o f t h e p r o j e c t i s t o a t t r a c tb u s i n e s s o w n e r s i n i n n o v a t i v e a n d / o r r e e m m e r g i n g m a n u f a c t u r i n g c e n t r i ci n d u s t r i e s a n d s p a r k l o c a l j o b g r o w t h .
A s f l e x w a r e h o u s e s p a c e d e m a n d s k y r o c k e t s a r o u n d t h e c o u n t r y , at r e m e n d o u s o p p o r t u n i t y e x i s t s i n M i a m i f o r i n v e s t o r s t a k e a f i r s t
m o v e r a d v a n t a g e t o s e t t h e s t a n d a r d f o r a r a w , r e p l i c a b l e , a f f o r d a b l e ,a n d p r o f i t a b l e m o d e l f o r M i a m i ' s m i d - s i z e e n t r e p r e n e u r s .
The Park will be nestledalong the NW 79th Street
Corridor CommunityRedevelopment Area and
is designated as anenterprise zone for
business development .
The area provides an impressive
transportation infrastructure, tax
incentives as well asample City and localencouragement for
redevelopment.
N A T I O N A L T R E N D S
2
M i a m i i s a n t i c i p a t e d t o b e t h ec i t y w i t h t h e t h i r d l o w e s t f l e xs p a c e v a c a n c y i n 2 0 1 5 a t 5 . 4 %
f o l l o w i n g L A a t 3 . 6 % a n dO r a n g e C o u n t r y a t 5 . 3 % .
V A C A N C Y
Cushman and Wakefield 20152017 Industrial Real Estate Forecast
M i a m i i s a n t i c i p a t e d t o l e a dt h e c o u n t r y w i t h a 1 5 %
i n c r e a s e i n f l e x r e n t g r o w t hs i n c e 2 0 1 3 .
R E N T S
O N L I N E R E T A I L A N D S T E A D Y G R O W T H I NM A N U F A C T U R I N G C A U S I N G I N C R E A S E I N W A R E H O U S ES P A C E D E M A N D N A T I O N W I D E
T H E C E N T R A L I N D U S T R I A LD I S T R I C T
3
The CoStar Industrial Report Year End 2015 MiamiDade Country
F L E X S P A C E I N M I A M I W I L L S E E N O N E W I N V E N T O R YG R O W T H I N 2 0 1 6 , C R E A T I N G O P P O R T U N I T Y F O R AF I R S T M O V E R A D V A N T A G E W I T H I N T H EH I G H L Y U N D E R U T I L I Z E D C E N T R A L M I A M II N D U S T R I A L D I S T R I C T
M A R K E T A N A L Y S I S
4
N E 6 2 T H S T R E E T , 7 M I N U T E S F R O M N W M I A M I D A D E ,I S H O M E T O S E V E R A L P R O P E R T I E S T H A T P R O V I D E A NI N D I C A T I O N O F T H E F L E X S P A C E M A R K E T P O T E N T I A L
M A R K E T A N A L Y S I S
5
A S K I N G P R I C E S F O R F L E X S P A C E O N T H E M A R K E TA R E D I V E R S E A N D S U P P L Y I S O F T E N O U T D A T E D
C O N C E P T
6
Central District Park is inspiredby the Harvest Green Industrial
Park in Malaysia that is home toover 300 factories.
The Park will be targetedtowards businesses relocatingto South Florida and business
owners in the adjacentneighborhoods of North BayVillage, MIMO Village Miami
Shores and the Design District.
Central Park District will onlyhave two story units which can
be customized upon buyerrequest.
3k SF Unit- $690k5k SF Unit- $1,075,0008k SF Unit- $1,600,000
D E V E L O P M E N T S I T E
7
T H E 5 . 5 6 A C R E S F O R S A L E O N 1 0 8 0 N W 7 9 T H S T R E E TP R O V I D E S U N P A R A L L E L E D A C C E S S T O 4 0 0 S Q F T O F
F R O N T A G E A L O N G O N E O F M I A M I ' S B U S I E S T I N D U S T R I A LS T R E E T S .
Z O N E D B U 2 F O R R E T A I L A N D L A R G E S C A L E C O M M E R C I A LD E V E L O P M E N T S S U C H A S R E G I O N A L M A L L S A N D O F F I C E
P A R K S , T H E S I T E I S L I S T E D A T $ 6 M A N D I S M A N A G E D B YT R U M P I N T E R N A T I O N A L R E A L T Y .
L O C A T I O N
8
5min awayLiberty Square (mixed usespace under developmentpotentially by the Related
Group)
10min awayMiami International Airport
MIMO VillageDesign District
15min awayPort of Miami
Downtown MiamiWynwood
T H E A R E A I S P O I S E D F O R R E D E V E L O P M E N T G I V E N I T I S E Q U I D I S T A N T T O A L L O F M I A M I ' S M A I N C O R R I D O R S , L O C A T E DA L O N G A M E T R O R A I L L I N E A N D M I N U T E S A W A Y F R O M A L L O F
M I A M I ' S I N V E N T O R Y C O N S T R A I N E D A R T I S T I C N E I G H B O R H O O D S
D E A L O V E R V I E W
9
L o c a t i o n : 1 0 8 0 N W 7 9 t h S t r e e tD e v e l o p m e n t T y p e : T w o S t o r y F l e x S p a c e
A c r e s : 5 . 5 6 S Q F T : 2 4 2 , 1 9 4
Z o n i n g : B U 2F l o o r A r e a R a t i o R e q u i r e m e n t : . 5 1
T o t a l A l l o w a b l e F A R : 1 2 3 , 5 1 9U n i t S i z e s :
3 , 0 0 0 @ $ 2 3 0 P S F 5 , 0 0 0 @ $ 2 1 5 P S F 8 , 0 0 0 @ $ 2 0 0 P S F
T o t a l A l l o w a b l e U n i t s : 2 5P a r k i n g R e q u i r e m e n t s : 1 . 5T o t a l P a r k i n g S p a c e s : 3 7
I n v e s t m e n t D a t e : S p r i n g 2 0 1 6P r o j e c t L i f e : 2 y e a r s
L e n d e r ' s A n n u a l Y i e l d : 2 5 . 2 0 %I R R A n n u a l : 2 6 %
L o a n t o C o s t : 7 0 %E q u i t y : $ 5 . 5 M a c q u i s i t i o n + $ 1 2 , 6 5 7 , 1 7 1 i n d e v e l o p m e n t c o s t s
D E V E L O P M E N T B U D G E T
1 0
L O A N S C H E D U L E
1 1
T h e p r o j e c t w i l l b e b u i l t w i t h a c o n s t r u c t i o n l o a n a t a 7 %i n t e r e s t r a t e w i t h t h e a n t i c i p a t e d p a y o f f a t m o n t h 1 5
C A S H F L O W S
1 2
T h e a p p r o a c h w i l l b e t o b u i l d 2 1 / 2 u n i t s e v e r y m o n t hs t a r t i n g i n m o n t h 6 . T h e f i r s t u n i t w i l l b e b u i l t i n
m o n t h 3 a s a t e s t a n d s a l e s o f f i c e t o a t t r a c t o f f e r s .
I N V E S T M E N T S U M M A R Y
1 3
I N V E S T M E N T R A T I O N A L E :2 6 % I R R , r a w f l e x s p a c e p r o j e c t w i t h t a x a n d d e v e l o p m e n t
i n c e n t i v e s i n M i a m i ' s n e x t h i g h d e m a n d n e i g h b o r h o o d
V A L U E E N H A N C E M E N T S T R A T E G Y : C r e a t i v e c o n f i g u r a t i o n o f f l e x s p a c e u n i t s i n a g r o w i n g
d e m a n d m a r k e t w i t h l i m i t e d i n v e n t o r yN e g o t i a t i o n o f b u y o u t o f l o c a l m o b i l e h o m e s t o c r e a t e
p o t e n t i a l o f p a r k e x p a n s i o n w i t h i n 3 y e a r s
R I S K S : S t i g m a o f c r i m e , l a c k o f c o m m e r c i a l d e v e l o p m e n t
M I T I G A T I O N S T R A T E G I E S : L o c a l C o m m u n i t y R e d e v e l o p m e n t A g e n c y o w n s 1 3 , 7 5 0 s qf t o f B U 2 l a n d d i r e c t l y a c r o s s f r o m 1 0 8 0 N W 7 9 t h S t r e e t
a n d i s s e e k i n g a d e v e l o p e r t o e m p l o y a n e c o n o m i cd e v e l o p m e n t r e u s e .
P a r t n e r w i t h C R A t o u s e s i t e f o r f i r s t f l e x s p a c e u n i ta n d i n v e s t i n b r i g h t e r s t r e e t l i g h t i n g a n d l o c a l m u r a l s t o
c r e a t e m o r e i n v i t i n g n e i g h b o r h o o d f e e l .
V I S I O N R E V I S I T E D
1 4
F o r t h e l a s t 1 0 y e a r s , M i a m i ' s 7 9 t h s t r e e t c o r r i d o r h a s b e e n c o n s i d e r e d ap r i m e a r e a f o r M i a m i ' s i n d u s t r i a l a n d r e s i d e n t i a l g r o w t h b u t a s l a c k e d
l e a d e r s h i p i n e v o l v i n g t h a t v i s i o n i n t o r e a l i t y .
C e n t r a l D i s t r i c t P a r k r e p r e s e n t s t h e b e g i n n i n g o f a n e w e r a w i t h h i g hp o t e n t i a l t o e x p a n d t h e p a r k a s f a r w e s t a s H i a l e a h H o s p i t a l , w h e r e a
t o t a l o f 2 5 1 a c r e s , o r a b o u t 2 0 % , o f a l l t h e l a n d a r e a i n t h e C R A , i sc u r r e n t l y v a c a n t a n d p r i m e f o r s t r a t e g i c d e v e l o p m e n t .
L i k e H a r v e s t G r e e n , T h e P a r k c a n s e r v e a s a l o w r i s k , h i g h r e w a r d b e a c o no f c h a n g e a n d p r o g r e s s t h a t b e n e f i t s M i a m i ' s e c o n o m i c g r o w t h .
Renderings of Harvest Green Park in Malaysia
2006 Renderings from a NW Miami DadeCharette Workshop