FOR SALE: 3800 South Congress Ave, Palm Springs, FL 33461 · Commercial Real Estate Brokerage THUR RETAIL Thur & Associates FOR SALE: ... Building has great exposure on busy Congress

Confidential Offering Memorandum

Presented By: Shary Thur, CCIM | cell: 202-359-3469 | email: [email protected] Florida Office: 327 Plaza Real Boulevard Suite 301, Boca Rotan, FL 33432 | office: 561-395-2441

Corporate Office: 1054 31st St NW Suite 115, Washington, DC 20007 | office: 202-823-4444www.thurretail.com

Commercial Real Estate Brokerage

THUR RETAILT h u r & A s s o c i a t e s

FOR SALE: 3800 South Congress Ave, Palm Springs, FL 33461

RETAIL BROKER NETWORK

TABLE OF CONTENTS

• Terms o f Of fe r ing • P roper ty Photos

• Proper ty H igh l igh ts • Aer ia l Maps

• Loca t ion H igh l igh ts • Pa lm Beach County Demograph ics Repor t

• Pa lm Beach County Top 100 Employers • Year ly Income & Expenses

• Rent Ro l l • Lease Abs t rac t

• Sa les Comparab les •Marke t Overv iew

Thur Retail is pleased to present the exclusive listing for:

3800 S Congress Ave, Palm Springs, FL 33461

Asking Price: $1.2 MProperty Type: Strip Center/FSB Tenancy: Multiple Year Built: 1965Building Size: 4,650 SFLand Area: 0.45 AC Parking: 20 Surface SpacesZoning: CG

3800 SOUTH CONGRESS AVE, PALM SPRINGS, FL 33461A Strip Center with two extremely stable tenants. This Freestanding Building has great exposure on busy Congress Avenue in between 10th Avenue South and Lake Worth Road.

The property has a very high visibility street frontage. Located in west Lake Worth/ Palm Springs on the busy Congress Avenue corridor between Lake Worth Road and 10th Avenue south with easy access to I-95 and the FL Turnpike. Great for Retail, Office, Printer, Insurance or related fields.

TERMS OF OFFERING: PROPERTY HIGHLIGHTS: 100% Leased Tenants: Metro PCS, Liquor Store Features: Road Frontage, SignageBuilt in 1985, this property features 1 acres lot, and 14,091 sq ft of living space. Frontage: 105’ on Congress Ave (with 1 curb cut) Ideal location with long term, stable tenants

New construction on Congress Ave around the main arteries. Traffic Volume: 35,410 on S Congress Ave & 2nd Ave N (2011)

Expenses: $2.91 (2016)

3800 S CONGRESS AVE, PALM SPRINGS, FL 33461

3800 S CONGRESS AVE, PALM SPRINGS, FL 33461

AERIAL MAP3800 S CONGRESS AVE, PALM SPRINGS, FL 33461

Subject Property # 1

3800 S Congress

AveS C

ongress Ave

2nd Ave North

AERIAL MAP

LOCATION HIGHLIGHTSPALM BEACH COUNTY Economy

The current economic indicators for Palm Beach County point to a vibrant and healthy economy -- one that is growing and thriving. Encompassing more than 2,000 square miles, Palm Beach County is one of the largest in the eastern United States and the third-largest in Florida.

Of 3,100 counties nationwide, Palm Beach County is one of a select group of only 22 to earn the highest possible bond rating, AAA, by all three of the major rating agencies, Moody’s Investors Services, Fitch, and Standard & Poor’s. Palm Beach County is also the only county in Florida to have earned this designation.

Fitch described Palm Beach County as one of the nation’s wealthiest counties, with per capita personal income levels nearly 50% higher than state and national aver-ages. The ratings firm said its grade reflects Palm Beach County’s vital and diversifying economic base, sound financial position, and moderate debt levels. As for its economic base, Fitch noted our strengths in luxury tourism, technology manufacturing, and agriculture. Population

At 2,578 square miles in total area, Palm Beach County is one of the largest counties in the eastern United States and the largest among Florida’s 67 counties. The population is estimated at nearly 1.3 million. Population increased approximately 3.1% annually from 1990 through 2000, compared to double and triple that rate in the 1980s. The area’s projected population for the year 2015 is over 1.3 million. Wages & Income

PALM BEACH COUNTY PER CAPITA PERSONAL INCOMEIn 2015, Palm Beach County had a per capita personal income (PCPI) of $68,743. This PCPI ranked 4th in the state and was 155% of the state average, $44,429, and 143% of the national average, $48,112. The 2015 PCPI reflected an increase of 3.3% from 2014. The 2014-2015 state change was 3.6% and the national change was 3.7%. In 2005, the PCPI of Palm Beach County was $55,420 and ranked 4th in the state. The 2005-2015 compound annual growth rate of PCPI was 2.2%. The com-pound annual growth rate for the state was 2.1% and for the nation was 3.0%.from 2014. The 2014-2015 state change was 5.5% and the national change was 4.5%. The 2005-2015 average annual growth rate of TPI was 3.3%. The average annual growth rate for the state was 3.4% and for the nation was 3.8%.

PALM BEACH COUNTY TOTAL PERSONAL INCOME

In 2015, Palm Beach County had a total personal income (TPI) of $97,806,900*. This TPI ranked 2nd in the state and accounted for 10.9% of the state total. In 2005, the TPI of Palm Beach was $70,847,235* and ranked 2nd in the state. The 2015 TPI reflected an increase of 5.0% from 2014. The 2014-2015 state change was 5.5% and the national change was 4.5%. The 2005-2015 average annual growth rate of TPI was 3.3%. The average annual growth rate for the state was 3.4% and for the nation was 3.8%.

*Note: All income estimates with the exception of PCPI are in thousands of dollars, not adjusted for inflation.

Source: USDOC, Bureau of Economic Analysis, November 17, 2016

Labor Force & EmploymentApril 2017 Labor Trends

Palm Beach County’s April unemployment rate of 3.9% is down from the March rate of 4.2% reflecting a net gain of 2,577 jobs.

Continued employment growth for Palm Beach County is indicated by the 2.6 percentage increase in the number of total non-agricultural jobs during the last twelve months. This represents a net gain of 15,600 jobs. International Trade

Palm Beach County’s strategic location is ideal for trade, as it is centrally located between Miami and Orlando, and within easy reach of all of the major air and sea ports in the state of Florida. Palm Beach County is part of the Miami Customs District, utilized by much of Latin America and the Caribbean as the first destination for goods to be distributed to the rest of the United States and Europe, and vice versa. Increasingly, many Asian firms are also using the Miami Customs District to ship goods for similar purposes, with China becoming one of the region’s top five trading partners.

The importance of the region for international trade is reflected by the Miami Customs District accounting for a large portion of the total international trade that occurs for the State of Florida. The Miami Customs District had the largest trade surplus -- $19.6 billion more in exports than imports -- among all 59 U.S. Customs Districts in 2008.

(Source: http://www.eflorida.com/uploadedFiles/Floridas_Future/2007-2012_Roadmap_to_Floridas_Future/2009_Progress_Report/2009_SPPR.pdf)

Site Map

Appraisal Specialty ReportPalm Beach County, FL, (County)

Palm Beach County, FL, (County) June 08, 20171 of 13

PALM BEACH COUNTY DEMOGRAPHICS REPORT

Copyright © and (P) 1988–2012 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/mappoint/Certain mapping and direction data © 2012 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: ©Her Majesty the Queen in Right of Canada, © Queen's Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2012 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. © 2012 by Applied Geographic Solutions. All rights reserved. Portions © Copyright 2012 by Woodall Publications Corp. All rights reserved.

location-map-3800 S Congress

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Subject Property

2017 2021

HOUSEHOLDS BY INCOME NUMBER PERCENT NUMBER PERCENT

$150,000 - $199,999 30,046 5.3% 37,807 6.3%

$200,000+ 37,863 6.6% 43,006 7.2%

Median Household Income $53,638 $61,047

Average Household Income $81,840 $89,950

Per Capita Income $33,591 $36,604

CENSUS 2010 2017 2021

POPULATION BY AGE NUMBER PERCENT NUMBER PERCENT NUMBER PERCENT

0 - 4 70,852 5.4% 70,823 5.0% 74,130 5.0%

5 - 9 72,847 5.5% 74,140 5.3% 75,171 5.0%

10 - 14 76,917 5.8% 77,647 5.5% 79,542 5.3%

15 - 19 79,570 6.0% 77,240 5.5% 77,926 5.2%

20 - 24 74,105 5.6% 80,418 5.7% 76,411 5.1%

25 - 34 146,694 11.1% 163,428 11.6% 179,802 12.0%

35 - 44 165,576 12.5% 158,787 11.3% 166,980 11.2%

45 - 54 188,126 14.3% 183,394 13.0% 172,870 11.6%

55 - 64 160,292 12.1% 186,557 13.2% 199,432 13.4%

65 - 74 130,427 9.9% 164,738 11.7% 195,477 13.1%

75 - 84 105,523 8.0% 111,172 7.9% 130,860 8.8%

85+ 49,205 3.7% 59,876 4.3% 64,394 4.3%



Demographic & Income Profile


SUMMARY CENSUS 2010 2017 2021

Population 1,320,134 1,408,220 1,492,995

Households 544,227 571,057 601,222

Families 340,709 354,391 371,394

Average Household Size 2.39 2.43 2.45

Owner Occupied Housing Units 388,493 381,021 398,801

Renter Occupied Housing Units 155,734 190,036 202,421

Median Age 43.5 45.1 46.0

TRENDS: 2016 - 2021 ANNUAL RATE AREA STATE NATIONAL

Population 1.18% 1.29% 0.84%

Households 1.03% 1.21% 0.79%

Families 0.94% 1.13% 0.72%

Owner HHs 0.92% 1.09% 0.73%

Median Household Income 2.62% 2.52% 1.89%

2017 2021

HOUSEHOLDS BY INCOME NUMBER PERCENT NUMBER PERCENT

<$15,000 66,744 11.7% 68,315 11.4%

$15,000 - $24,999 60,631 10.6% 71,755 11.9%

$25,000 - $34,999 59,258 10.4% 41,368 6.9%

$35,000 - $49,999 78,607 13.8% 57,024 9.5%

$50,000 - $74,999 100,041 17.5% 115,101 19.1%

$75,000 - $99,999 62,544 11.0% 74,944 12.5%

$100,000 - $149,999 75,317 13.2% 91,896 15.3%


POPULATION BY SEX 2010 2017 2021

Males 638,888 682,136 722,726

Females 681,246 726,084 770,269

POPULATION 15+ BY MARITAL STATUS 2017

Total 1,185,610

Never Married 31.1%

Married 47.8%

Widowed 8.5%

Divorced 12.5%

CIVILIAN POPULATION 16+ IN LABOR FORCE 2017

Civilian Employed 92.5%

Civilian Unemployed 7.5%

EMPLOYED POPULATION 16+ BY INDUSTRY 2017

Total 614,285

Agriculture/Mining 1.2%

Construction 7.0%

Manufacturing 4.2%

Wholesale Trade 2.6%

Retail Trade 12.8%

Transportation/Utilities 4.0%

Information 1.8%

Finance/Insurance/Real Estate 7.8%

Services 55.1%

Public Administration 3.4%



Market Profile


HOUSING UNIT SUMMARY 2010 2017 2021

Housing Units 664,594 695,741 729,109

Owner Occupied Housing Units 58.5% 54.8% 54.7%

Renter Occupied Housing Units 23.4% 27.3% 27.8%

Vacant Housing Units 18.1% 17.9% 17.5%

Median Home Value $246,653 $269,659

Per Capita Income $33,591 $36,604

Median Age 43.5 45.1 46.0

OWNER OCCUPIED HOUSING UNITS BY VALUE 2017 2021

Total 380,989 398,766

<$50,000 8.0% 5.6%

$50,000 - $99,999 11.0% 8.0%

$100,000 - $149,999 10.7% 9.0%

$150,000 - $199,999 10.8% 10.3%

$200,000 - $249,999 10.2% 12.7%

$250,000 - $299,999 7.7% 11.0%

$300,000 - $399,999 15.9% 15.9%

$400,000 - $499,999 8.4% 8.9%

$500,000 - $749,999 8.3% 9.0%

$750,000 - $999,999 3.9% 4.6%

$1,000,000 + 5.1% 5.1%

Average Home Value $329,602 $350,180


HOUSEHOLDS BY TYPE

Average Household Size 2.39

FAMILY HOUSEHOLDS BY SIZE

Total 544,227

1 Person 30.1%

2 People 36.3%

3 People 13.8%

4 People 11.1%

5 People 5.1%

6 People 2.1%

7+ People 1.6%

POPULATION 25+ BY EDUCATIONAL ATTAINMENT

Total 1,027,952

Less than 9th Grade 5.5%

9th - 12th Grade, No Diploma 5.8%

High School Graduate 22.8%

GED/Alternative Credential 3.1%

Some College, No Degree 20.1%

Associate Degree 8.9%

Bachelor's Degree 21.0%

Graduate/Profesional Degree 12.7%



EMPLOYED POPULATION 16+ BY OCCUPATION 2017

Total 614,285

White Collar 61.3%

Management/Business/Financial 15.8%

Professional 20.0%

Sales 12.9%

Administrative Support 12.6%

Services 22.5%

Blue Collar 16.2%

Farming/Forestry/Fishing 0.8%

Construction/Extraction 5.3%

Installation/Maintenance/Repair 2.9%

Production 2.6%

Transportation/Material Moving 4.6%

HOUSEHOLDS BY TYPE

Total 544,227 100%

Households with 1 Person 163,880 30.1%

Households with 2+ People 380,347 69.9%

Family Households 340,709 62.6%

Husband-wife Families 251,869 46.3%

With Own Children 87,103 16.0%

Other Family (No Spouse Present) 88,840 16.3%

With Own Children 45,428 8.3%

Nonfamily Households 39,638 7.3%

All Households with Children 147,894 27.2%

Multigenerational Households 20,313 3.7%

Unmarried Partner Households 36,830 6.8%

Male-female 32,124 5.9%

Same-sex 4,706 0.9%


Tapestry


TOP TAPESTRY SEGMENTS PERCENT SUMMARY DEMOGRAPHIC 2016 2021

1. The Elders (9C) 14.1% Population 1,408,220 1,492,995

2. Silver & Gold (9A) 7.8% Households 571,057 601,222

3. Home Improvement (4B) 6.0% Families 354,391 371,394

4. American Dreamers (7C) 5.3% Median Age 45.1 46.0

5. Retirement Communities (9E) 4.5% Median Household Income $53,638 $61,047

SPENDING POTENTIALINDEX

AVERAGE AMOUNTSPENT TOTAL

Apparel and Services 106 $2,124.82 $1,213,392,220

Men's 106 $423.43 $241,804,488

Women's 108 $742.09 $423,775,047

Children's 100 $323.91 $184,968,960

Footwear 104 $444.37 $253,760,889

Watches & Jewelry 107 $111.34 $63,579,206

Apparel Products and Services (1) 111 $79.68 $45,503,628

Computer

Computers and Hardware for Home Use 108 $187.98 $107,345,537

Portable Memory 106 $5.00 $2,856,085

Computer Software 109 $14.06 $8,027,718

Computer Accessories 110 $19.54 $11,157,452

Entertainment & Recreation 106 $3,094.32 $1,767,031,932

Fees and Admissions 109 $631.34 $360,530,345

Membership Fees for Clubs (2) 110 $211.11 $120,555,092

Fees for Participant Sports, excl. Trips 116 $104.06 $59,425,568

Tickets to Theatre/Operas/Concerts 110 $58.07 $33,160,835




Tickets to Movies/Museums/Parks 109 $72.28 $41,274,658

Admission to Sporting Events, excl. Trips 106 $56.62 $32,334,474

Fees for Recreational Lessons 104 $128.38 $73,310,230

Dating Services 119 $0.82 $469,486

TV/Video/Audio 107 $1,284.52 $733,533,818

Cable and Satellite Television Services 107 $960.87 $548,713,064

Televisions 107 $117.73 $67,232,510

Satellite Dishes 104 $1.51 $862,988

VCRs, Video Cameras, and DVD Players 108 $8.71 $4,973,095

Miscellaneous Video Equipment 105 $8.10 $4,626,334

Video Cassettes and DVDs 105 $19.49 $11,130,654

Video Game Hardware/Accessories 101 $25.83 $14,748,660

Video Game Software 104 $14.32 $8,175,004

Streaming/Downloaded Video 106 $19.26 $10,995,989

Rental of Video Cassettes and DVDs 105 $17.22 $9,836,386

Installation of Televisions 109 $1.00 $572,393

Audio (3) 105 $86.34 $49,307,823

Rental of TV/VCR/Radio/Sound Equipment 99 $1.29 $737,635

Repair of TV/Radio/Sound Equipment 108 $2.84 $1,621,277

Pets 105 $560.36 $319,994,941

Toys/Games/Crafts/Hobbies (4) 101 $115.51 $65,962,034

Recreational Vehicles and Fees (5) 101 $108.63 $62,034,194

Sports/Recreation/Exercise Equipment (6) 101 $166.53 $95,100,206

Photo Equipment and Supplies (7) 106 $58.12 $33,187,047

Reading (8) 108 $141.97 $81,074,678

Live Entertainment for Catered Affairs 102 $11.05 $6,309,047

Rental of Party Supplies for Catered Affairs 108 $16.30 $9,305,618

Food 106 $8,556.34 $4,886,155,387

Food at Home 106 $5,263.59 $3,005,811,925





Luggage 110 $10.13 $5,784,281

Telephones and Accessories 104 $74.31 $42,437,718

Household Operations

Child Care 101 $426.20 $243,382,971

Lawn and Garden (16) 108 $438.59 $250,462,244

Moving/Storage/Freight Express 115 $72.76 $41,550,035

Housekeeping Supplies (17) 107 $752.12 $429,502,623

Insurance

Owners and Renters Insurance 105 $487.43 $278,347,791

Vehicle Insurance 107 $1,193.54 $681,578,326

Life/Other Insurance 105 $434.95 $248,381,708

Health Insurance 107 $3,617.94 $2,066,052,044

Personal Care Products (18) 108 $467.42 $266,925,603

School Books & Supplies for College 102 $64.66 $36,924,167

School Books & Supplies for Elementary/High School 100 $20.64 $11,785,114

School Books & Supplies for Vocational/Technical School 108 $1.42 $808,246

School Books & Supplies for Preschool/Other Schools 113 $2.70 $1,540,956

Other School Supplies 107 $81.71 $46,659,656

Smoking Products 98 $399.72 $228,264,102

Transportation

Payments on Vehicles excluding Leases 104 $2,157.64 $1,232,135,749

Gasoline and Motor Oil 104 $3,201.85 $1,828,436,610

Vehicle Maintenance and Repairs 106 $1,098.94 $627,556,906

Travel

Airline Fares 109 $496.47 $283,515,187

Lodging on Trips 107 $498.23 $284,516,773

Auto/Truck Rental on Trips 112 $26.84 $15,327,933

Food and Drink on Trips 107 $469.09 $267,878,457

Financial





Bakery and Cereal Products 105 $707.35 $403,936,585

Meats, Poultry, Fish, and Eggs 105 $1,171.31 $668,882,446

Dairy Products 104 $552.69 $315,619,589

Fruits and Vegetables 107 $1,023.32 $584,373,863

Snacks and Other Food at Home (10) 106 $1,808.93 $1,032,999,441

Food Away from Home 106 $3,292.74 $1,880,343,462

Alcoholic Beverages 107 $549.00 $313,510,918

Financial

Value of Stocks/Bonds/Mutual funds 120 $8,977.50 $5,126,664,056

Value of Retirement Plans 106 $27,715.03 $15,826,862,009

Value of Other Financial Assets 109 $1,233.47 $704,380,585

Vehicle Loan Amount excluding Interest 106 $2,575.83 $1,470,947,660

Value of Credit Card Debt 104 $592.19 $338,175,756

Health

Nonprescription Drugs 107 $133.61 $76,299,602

Prescription Drugs 108 $454.04 $259,280,290

Eyeglasses and Contact Lenses 104 $93.37 $53,321,690

Home

Mortgage Payment and Basics (11) 106 $9,080.31 $5,185,372,864

Maintenance and Remodeling Services 107 $1,877.37 $1,072,086,180

Maintenance and Remodeling Materials (12) 99 $359.40 $205,238,062

Utilities, Fuel, and Public Services 106 $5,149.89 $2,940,879,049

Household Furnishings and Equipment

Household Textiles (13) 106 $92.20 $52,650,831

Furniture 108 $530.30 $302,833,608

Rugs 106 $25.86 $14,767,368

Major Appliances (14) 107 $302.35 $172,658,113

Housewares (15) 111 $92.45 $52,796,803

Small Appliances 106 $50.01 $28,561,076




Value of Stocks/Bonds/Mutual funds 120 $8,977.50 $5,126,664,056

Value of Retirement Plans 106 $27,715.03 $15,826,862,009

Value of Other Financial Assets 109 $1,233.47 $704,380,585

Vehicle Loan Amount excluding Interest 106 $2,575.83 $1,470,947,660

Value of Credit Card Debt 104 $592.19 $338,175,756

Health

Nonprescription Drugs 107 $133.61 $76,299,602

Prescription Drugs 108 $454.04 $259,280,290

Eyeglasses and Contact Lenses 104 $93.37 $53,321,690

Home

Mortgage Payment and Basics (11) 106 $9,080.31 $5,185,372,864

Maintenance and Remodeling Services 107 $1,877.37 $1,072,086,180

Maintenance and Remodeling Materials (12) 99 $359.40 $205,238,062

Utilities, Fuel, and Public Services 106 $5,149.89 $2,940,879,049

Household Furnishings and Equipment

Household Textiles (13) 106 $92.20 $52,650,831

Furniture 108 $530.30 $302,833,608

Rugs 106 $25.86 $14,767,368

Major Appliances (14) 107 $302.35 $172,658,113

Housewares (15) 111 $92.45 $52,796,803

Small Appliances 106 $50.01 $28,561,076

Luggage 110 $10.13 $5,784,281

Telephones and Accessories 104 $74.31 $42,437,718

Household Operations

Child Care 101 $426.20 $243,382,971

Lawn and Garden (16) 108 $438.59 $250,462,244

Moving/Storage/Freight Express 115 $72.76 $41,550,035

Housekeeping Supplies (17) 107 $752.12 $429,502,623

Insurance




Owners and Renters Insurance 105 $487.43 $278,347,791

Vehicle Insurance 107 $1,193.54 $681,578,326

Life/Other Insurance 105 $434.95 $248,381,708

Health Insurance 107 $3,617.94 $2,066,052,044

Personal Care Products (18) 108 $467.42 $266,925,603

School Books & Supplies for College 102 $64.66 $36,924,167

School Books & Supplies for Elementary/High School 100 $20.64 $11,785,114

School Books & Supplies for Vocational/Technical School 108 $1.42 $808,246

School Books & Supplies for Preschool/Other Schools 113 $2.70 $1,540,956

Other School Supplies 107 $81.71 $46,659,656

Smoking Products 98 $399.72 $228,264,102

Transportation

Payments on Vehicles excluding Leases 104 $2,157.64 $1,232,135,749

Gasoline and Motor Oil 104 $3,201.85 $1,828,436,610

Vehicle Maintenance and Repairs 106 $1,098.94 $627,556,906

Travel

Airline Fares 109 $496.47 $283,515,187

Lodging on Trips 107 $498.23 $284,516,773

Auto/Truck Rental on Trips 112 $26.84 $15,327,933

Food and Drink on Trips 107 $469.09 $267,878,457

Source: demographic data provided by esri & business data provided by Infogroup, Inc. All rights reserved.



CompanyApprox.

Employees Product LocationFlorida Crystals (Hdqtrs) 1,900 Agriculture West Palm BeachSikorsky, A Lockheed Martin company 1,206 Helicopters West Palm BeachU.S. Sugar 900 Agriculture Belle GladePratt & Whitney 850 Jet Engine West Palm Beach

Tyco (Hdqrts) 850*Security SystemManufacturing

Boca Raton /West Palm Beach

TBC Corporation (Hdqtrs) 807* Tire Distribution Palm Beach Cheney Brothers 660* Food Distribution Riviera Beach

ADT Security Services (Hdqrts) 600Security SystemManufacturing

Boca Raton /West Palm

Walgreens Distribution 600 Pharmaceutical JupiterIBM Corp. 600* Electronics R&D Boca RatonUS Foods 500* Food Distribution Boca RatonSugar Cane Growers Cooperative 475 Agriculture Belle GladeBIOMET 3i, Inc. 471* Dental Implants Palm Beach Belcan Engineering Group 450 Aerospace Palm Beach PSM (Power Systems Mfg., LLC) 450 Turbine Parts JupiterPepsi Cola Bottling Co. 450* Bottled Soft Drinks Riviera BeachLockheed Martin Corporation 430 Aerospace Riviera BeachAerojet Rocketdyne 400 Aerospace West Palm Biotest Pharmaceuticals Corporation 328* Pharmaceuticals Boca RatonCampus Management Corp. (Hdqtrs) 315 Software Design Boca RatonCemex 300 Concrete West Palm BeachArnold-Hanafin Corporation 300* Engineering Boca RatonBAMCO Construction, Inc. 300* Construction Boynton BeachRexall Sundown 300* Pharmaceutical Boca Raton Jarden Consumer Solutions (Hdqtrs) 290* Small Appliance Boca RatonLRP Publications (Hdqtrs) 285 Multimedia Publishing Palm Beach DePuy Synthes Power Tools, a Johnson & Johnson Company 282* Surgical Equipment

Palm Beach Gardens

Meisner Electric, Inc. 274 Electrical Contractor Delray BeachModernizing Medicine 273 Health IT Boca RatonElite Imaging Boca Raton 260 (FL)* Device Manufacturing Boca RatonRanger Construction Industries 250* Highway Construction West Palm BeachPalm Beach Newspapers 234* Newspaper Publishing West Palm BeachCoca-Cola Bottling 210 Bottled Soft Drinks West Palm BeachShoes for Crews (Hdqtrs) 200 Shoe Manufacturing West Palm BeachCatalfumo Construction, Inc. 200* Construction Palm Beach American Media International 200* Newspapers Boca RatonSV Microwave (Amphenol) 185 RF Connectors West Palm BeachFlorida Turbine Technologies 180 Gas Turbine JupiterFarmer & Irwin Corporation 173* Mechanical Riviera BeachSerta Mattress 164* Mattress Riviera BeachTaylor & Francis Group LLC 160 Publishing Boca RatonCross Match Technologies (Hdqtrs) 150* Biometric Identity Palm Beach GE Healthcare 150* Medical Equipment JupiterKimley-Horn and Associates, Inc. 140 Engineering West Palm BeachAerospace Technology Group 140 Aerospace Boca RatonGulfstream 140* Aircraft Outfitting West Palm BeachHardrives, Inc. 134* Highway Construction Delray BeachHedrick Brothers Construction Co., 115* Construction West Palm BeachA. Duda & Sons Growers 113* Agriculture Belle GladeB/E Aerospace 100 Aerospace Wellington

Sources: Updates provided by the employers - updated 1/2016

*Updated figures unavailable at date of publication

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Palm Beach County boasts some of the finest manufacturers in the world. Their presence is a strong indication of the county's ability to support industry. Although the county has a variety of producers, there are distinct industry clusters. The most prevalent in the county are: communications & information technology; aerospace & engineering; agriculture & food processing; business & financial services and medical & pharmaceutical products.

Many of the county's industrial employers are competing on a worldwide basis with products sold in the international market. Below is a list of some of the quality companies that have chosen Palm Beach County as a business location.

CompanyApprox.

Employees Product LocationPalm Beach County School District 21,656 Education County WidePalm Beach County Board of Commissioners 5,930 County Government West Palm BeachTenet Healthcare Corp. 4,595 Healthcare County WideNextEra Energy, Inc. (Hdqtrs) . 4,005 Utilities Juno BeachHospital Corporation of America-HCA 3,476 Healthcare County WideVeterans Health Administration 2,700 Health Care West Palm BeachFlorida Atlantic University 2,529 Higher Education Boca RatonBoca Raton Regional Hospital 2,500 Health Care Boca RatonJupiter Medical Center 2,195 Health Care JupiterBethesda Health, Inc. 2,150 Health Care Boynton BeachThe Breakers 2,000 Hotel Palm BeachOffice Depot (Hdqtrs) 2,000* Office Supplies Boca RatonSouth Florida Water Mgmt District 1,391 Regional Government County WideCity of West Palm Beach 1,372 City Government West Palm BeachWells Fargo & Company 1367* Financial Services County WideBoca Raton Resort & Club 1,292* Hotel Boca RatonCity of Boca Raton 1,290 City Government Boca RatonPalm Beach State College 1,172 Higher Education Lake WorthG4S Secure Solutions, USA (Hdqtrs) 1,100 Security Services JupiterBank of America 1,000 Banking County WideFirstService Residential 975 Residential Property County WideNCCI (Hdqtrs) 923* Insurance Actuarial Boca RatonCity of Boynton Beach 793 City Government BoyntonPGA National Resort & Spa 700* Hotel Palm Beach The Scripps Research Institute 600 Life Sciences JupiterInfinity Sales Group, LLC 600 Call Center Boca RatonTMS Health (Hdqtrs) 560* Healthcare Support Boca RatonApplied Card Systems 550* Call Center - Credit Boca RatonPNC Bank 500 Consumer Lending County WideSBA Communications Corporation 500 Wireless Boca RatonAmerican Traveler Staffing 500* Healthcare Staffing Boca RatonYurcor (Hdqtrs) 500* Computer Systems Delray BeachTropical Shipping USA, LLC 498 Port Shipping Riviera BeachLynn University 495 Higher Education Boca RatonThe GEO Group 491* Privatized Correctional Boca RatonCity of Palm Beach Gardens 472 City Government Palm Beach Palm Beach Atlantic University 455 Higher Education West Palm BeachVerio 450* Wired Boca RatonLexisNexis Risk & Info Analytics 423* Computer Boca RatonMedical Staffing Network (Hdqtrs) 400 Healthcare Staffing Boca RatonBlue Green Corp. (Hdqtrs) 400* Leisure & Resort Boca RatonSYSCO Food Services 350 Food Distribution Riviera BeachCSC Applied Technologies LLC 350* Facilities Support West Palm BeachBrown Distributing Company 325* Beverage Distribution West Palm BeachOcwen Financial Corp 300* Real Estate Credit West Palm BeachFlorida Public Utilities 299* Utilities West Palm BeachTD Bank 275 Banking West Palm BeachAMR - American Medical Response 213* Ambulance Service Lake WorthGunster 164 Law Firm West Palm BeachPalm Beach Gardens Marriott 154* Hotel Palm Beach Cancer Treatment Centers of America 87 Health Care Boca Raton

Sources: Updates provided by the employers - updated 1/2016

*Updated figures unavailable at date of publication

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Service companies, both public and private, large and small, support the area's residents and businesses. There are roughly 52,407 companies in Palm Beach County that supply products and services.

In the services producing sector of the economy, a strong cluster of companies is found in business and financial services. This cluster represents more than 19,631 companies. Below is a list of just a few of the major service oriented employers in Palm Beach County.

YEARLY INCOME & EXPENSES

3800 S CONGRESS AVE PALM SPRINGS, FL 33461

2016 INCOME & EXPENSES

INCOME Gross Scheduled Income $114,100

EXPENSESReal Estate Taxes $12,500Insurance $6,700Common Electric 0Water $1,100Grounds Maintenance $3,000Repairs/Maintenance $4,000Management $5,500Legal/Accounting $3,500Pest Control $1,000

Total Expenses (37,300)

Net Operating Income $76,800

RENT ROLL

MONTHLY ANNUAL GROSS LEASE-ABLE AREA (SF)

% OF

Suite Tenant Rent Rent Rent/SF GLA GLA LEASE TERM

3800 Wireless PCS FL, LLC

$4,226.25 $50,715.00 $22.05 2,300 49.5% 07/02/2014 - 05/31/20201 x 3 year option4% annualincreases

3802-3804

ANP Stores Corp.

$5,283.00 $63,396.00 $28.98 2,350 50.5% 05/15/2007 - 05/30/20272 x 5 year option4% annualincreases

TOTAL $9,509.00 $114,111.00 4,650

SALES COMPARABLES

1069 N Military TrlWest Palm Beach, FL 33409Sale on 6/28/2016 for $2,400,000 ($250.26/SF) - Research Complete9,590 SF Retail Storefront Building Built in 1965

SOLD1

Buyer & Seller Contact Info

Recorded Buyer: Recorded Seller: Trail Realty Group LLCMIWK, LLCMD Property Group, LLCELIO, LLCEMD SV, LLC

True Buyer: True Seller: ZG PropertiesZaya Givargidze8506 Quito PlWellington, FL 33414(516) 661-1727

Dona & Mordchai ElkobiDona ElkobiMordchai Elkobi1 Marcus DrMonsey, NY 10952(845) 364-0122

Buyer Type: Seller Type: IndividualIndividualBuyer Broker: Listing Broker: Harber Real Estate

Tim Harber(321) 751-4707

Harber Real EstateTim Harber(321) 751-4707

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$250.26

$2,400,000-Confirmed

06/28/2016 (223 days on market)Bldg Type:

Land Area:

Year Built/Age:GLA:

7.00%

Retail - StorefrontBuilt in 1965 Age: 519,590 SF0.98 AC (42,541 SF)

Percent Leased: 100.0%

Transaction Details

Asking Price: $2,750,000

Price/AC Land Gross: $2,457,505.63

Total Value Assessed:Improved Value Assessed

Land Value Assessed:

$934,821 in 2015$509,431$425,390

Percent Improved: 54.5%

Land Assessed/AC: $435,582

InvestmentSale Type:

ID: 3681538

-

Spacer

Tenancy: Multi

Escrow Length: -

Parcel No: 22-42-43-25-01-000-0011Document No: 28410-0929

Legal Desc: Lengthy legal, see deed.

Copyrighted report licensed to Thur and Associates - 857342. 9/22/2017

Page 1

Document No: 28410-0929Spacer

Property Type: Retail - Storefront-Built in 1965

Center:Bldg Status:

Owner Type: Individual

Current Retail Information

GLA: 9,590 SF0 SFTotal Avail:

Bldg Vacant: 0 SF% Leased: 100.0%

Street Frontage: 221 feet on Charlotte st (with 1 curb cut)235 feet on Durham St (with 1 curb cut)239 feet on Military Trail

Parking: 50 Surface Spaces are available

Zoning: C-1Owner Occupied: No

CAM: -Rent/SF/Yr: - No. of Stores: -

Land Area: 0.98 AC

Expenses: 2014 Tax @ $2.75/sf

Lot Dimensions: -

ID: 9874386

Building FAR: 0.23

Location InformationSouth FloridaWest Palm Beach/West Palm Beach

Metro Market:Submarket:

County: Palm BeachCBSA: West Palm Beach-Boca Raton-Delray Beach, FL

DMA: West Palm Beach-Ft Pierce, FLCSA: Miami-Fort Lauderdale-Port St. Lucie, FL

Spacer

1069 N Military Trl SOLD9,590 SF Retail Storefront Building Built in 1965 (con't)


Page 2

SALES COMPARABLES SALES COMPARABLES

5371 10th Ave N - Steiger PlazaGreenacres, FL 33463Sale on 7/14/2017 for $950,000 ($132.37/SF) - Public Record7,177 SF Retail Storefront Retail/Office Building Built in 1985

SOLD1


Recorded Buyer: Recorded Seller: Zapata Enterprises of Lake Worth, Inc-True Buyer: True Seller: Zapata Enterprises of Lake Worth, Inc

Lautaro Zapata11821 Donlin DrWellington, FL 33414(561) 753-7941

-

Seller Type: Developer/Owner-RGNLListing Broker: Friedman Integrated Real Estate

SolutionsDaniel Otten(954) 246-6636Jeffrey Kalniz(954) 246-6638

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$132.37

$950,000-Confirmed

07/14/2017 (2,108 days on market)Bldg Type:

Land Area:

Year Built/Age:GLA:

8.00%

Retail - Storefront Retail/OfficeBuilt in 1985 Age: 327,177 SF0.67 AC (29,089 SF)


Transaction Details




Transfer Tax: $6,650

ID: 3959580

-

Tenancy: Multi

Escrow Length: 90 days

Financing: Down payment of $450,000.00 (47.4%)

Document No: 29243-1256Sale History: Sold for $950,000 ($132.37/SF) on 7/14/2017

Sold for $850,000 ($118.43/SF) on 9/30/2008Sold for $650,000 ($90.57/SF) on 12/20/2004Sold for $428,000 ($59.63/SF) on 1/8/2003

No. of Tenants: 4Tenants at time of sale: Cuba Bakery; Island Get Away; La Estrella Productos; San Montego Caribbean Mini Mkt


Page 1

Sale History: Sold for $950,000 ($132.37/SF) on 7/14/2017Sold for $850,000 ($118.43/SF) on 9/30/2008Sold for $650,000 ($90.57/SF) on 12/20/2004Sold for $428,000 ($59.63/SF) on 1/8/2003

Spacer

Property Type: Retail - Storefront Retail/OfficeSteiger PlazaBuilt in 1985

Center:Bldg Status:

Owner Type: -




Street Frontage: 132 feet on 10 Ave N224 feet on Perry Ave

Parking: 25 free Surface Spaces are available

Zoning: MXD-OSOwner Occupied: No


Land Area: 0.67 AC

Features: Bus Line, Pylon Sign, Signage

Expenses: 2017 Combined Tax/Ops @ $11.15/sf; 2011 Est Ops @ $1.67/sf

Lot Dimensions: -

ID: 764251

Building FAR: 0.25

Location Information

South FloridaWest Palm Beach/West Palm Beach


County: Palm Beach

Park Name: Steiger Plaza

CBSA: West Palm Beach-Boca Raton-Delray Beach, FL


Spacer

5371 10th Ave N - Steiger Plaza SOLD7,177 SF Retail Storefront Retail/Office Building Built in 1985 (con't)


Page 2

SALES COMPARABLES


Parcel Number: --Legal Description:

County: Palm Beach

Plat Map: 5371 10th Ave N


Page 3

Plat Map: 5371 10th Ave N



Page 4

SALES COMPARABLES SALES COMPARABLES

4545 Forest Hill Blvd - 4545 CenterWest Palm Beach, FL 33415Sale on 5/24/2017 for $2,232,500 ($112.19/SF) - In Progress19,900 SF Retail (Strip Center) Building Built in 1967

SOLD1


Recorded Buyer: Recorded Seller: Phil Mar Leasing IncPO Box 30275WEST PALM BEACH, FL 33420

4545 Foresthill Center, LLC

True Buyer: True Seller: -Anam HaqueAnam Haque4469 S Congress AveLake Worth, FL 33461(561) 222-9443

Listing Broker: Marcus & MillichapElon Gerberg(954) 245-3400

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$112.19

$2,232,500


Land Area:

Year Built/Age:GLA:

8.06%

Retail - (Strip Center)Built in 1967 Age: 5019,900 SF1.89 AC (82,328 SF)


Transaction Details





$1,890,335 in 2016$1,091,084$799,251


Land Assessed/AC: $422,884


Transfer Tax: $15,627.50

ID: 3918154

-

Spacer

Tenancy: Multi

Escrow Length: -

Parcel No:

Financing:

00-42-44-12-00-000-7170

$1,300,000.00 from Floridian Community Bank

No. of Tenants: 9

Legal Desc: Lengthy Legal - Refer to Deed

Tenants at time of sale: A-1 Locksmith-The Palm Beaches; Art & Renovation Barber Shop; Autumn Skye Art Gallery; Care CaudiasProfessional Skin; El Bodgon Grocery; Great Impression Printing Svc; Latin Express-West Palm Beach; MyIncentive LLC; Power Paging Inc

CSO - Kate - Klamath Falls - 05 31 2017Copyrighted report licensed to Realty Insight Group - 687830.

6/6/2017

Page 1

Parcel No: 00-42-44-12-00-000-7170Document No: 29121-0372

Spacer

Property Type: Retail - (Strip Center)4545 CenterBuilt in 1967

Center:Bldg Status:

Owner Type: -




Street Frontage: 386 feet on Forest Hill284 feet on Military


Zoning: CGOwner Occupied: No


Land Area: 1.89 AC

Features: Pylon Sign, Signage, Signalized Intersection

Property Mix:Expenses: 2008 Tax @ $2.02/sf

Lot Dimensions: -

ID: 5469534

General Retail (100.0%)

Building FAR: 0.24




County: Palm Beach

Park Name: 4545 CenterSecond Address: 1705 S Military Trl



Spacer

4545 Forest Hill Blvd - 4545 Center SOLD19,900 SF Retail (Strip Center) Building Built in 1967 (con't)


6/6/2017

Page 2

SALES COMPARABLES

1401 S Military Trl - Dixie PlazaWest Palm Beach, FL 33415Sale on 5/9/2016 for $2,860,000 ($138.40/SF) - Research Complete20,664 SF Retail (Strip Center) Building Built in 1977

SOLD1


Recorded Buyer: Recorded Seller: ROSHI, LLC1803 Murano LLCTrue Buyer: True Seller: Suresh R Sawlani

Suresh Sawlani1326 Majesty TerWeston, FL 33327(954) 554-2594

Jeffrey E. LehrmanJeffrey Lehrman220 Alhambra CirCoral Gables, FL 33134(305) 460-4447

Buyer Type: Seller Type: IndividualIndividualBuyer Broker: Listing Broker: Marcus & Millichap Inc.

Nicholas Ledvora(407) 557-3800Marcus & Millichap IncChad Atwood

Marcus & Millichap IncChad Atwood

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$138.40



Land Area:

Sale Conditions:

Year Built/Age:GLA:

8.81%

Retail - (Strip Center)Built in 1977 Age: 3920,664 SF1.73 AC (75,141 SF)

1031 Exchange


Transaction Details




ID: 3596886

-

Tenancy: Multi

Escrow Length: -

Financing: Down payment of $2,860,000.00 (100.0%)

Sale History: Sold for $2,860,000 ($138.40/SF) on 5/9/2016Sold for $1,950,000 ($94.37/SF) on 2/18/2004Sold for $985,000 ($47.67/SF) on 4/14/1999 Non-Arms Length

No. of Tenants: 5

Spacer

Tenants at time of sale: Cagigas Adult Day Care Llc; King Of Cuts Corp; Medical Coral Way Center; Value Pawn & Jewelry; VideoExcellence


6/6/2017

Page 1

4545 Forest Hill Blvd4545 CenterWest Palm Beach, FL 33415

(Strip Center) Building of 19,900 SF Sold on 5/24/2017 for$2,232,500 - In Progress

buyer

Anam Haque4469 S Congress AveLake Worth, FL 33461(561) 222-9443

Phil Mar Leasing IncPO Box 30275WEST PALM BEACH, FL 33420

seller

vital data

Sale Date: 5/24/2017Days on Market: 118 days

Exchange: NoConditions: -

Land Area SF: 82,328Acres: 1.89

$/SF Land Gross: $27.12Year Built, Age: 1967 Age: 50

Parking Spaces: 75Parking Ratio: 4.14/1000 SF

FAR 0.24Lot Dimensions: -

Frontage: 386 feet on Forest Hill 284 ...

Comp ID: 3918154

Sale Price: $2,232,500Status: -

Building SF: 19,900 SFPrice/SF: $112.19

Pro Forma Cap Rate: -Actual Cap Rate: 8.06%

Down Pmnt: -Pct Down: -

Doc No: 29121-0372Trans Tax: $15,627.50

Corner: NoZoning: CG

No Tenants: 9Percent Improved: 57.7%

Submarket: West Palm Beach

Property Type: Retail

MultiTenancy:

Parcel No: 00-42-44-12-00-000-7170Map Page: -

Escrow/Contract: -

income expense data Listing Broker

Marcus & Millichap5900 N Andrews AveFort Lauderdale, FL 33309(954) 245-3400Elon Gerberg

Buyer Broker

financing

1st Floridian Community BankBal/Pmt: $1,300,000


6/6/2017

Page 3

SALES COMPARABLES

Sold for $2,860,000 ($138.40/SF) on 5/9/2016Sold for $1,950,000 ($94.37/SF) on 2/18/2004Sold for $985,000 ($47.67/SF) on 4/14/1999 Non-Arms Length

SpacerTransaction Notes

On May 9, 2016 the 20,500 square foot retail property known as the Dixie Plaza located at 1401 S Military Trail was sold for $2.86M orabout $140 per square foot. The class C property zoned CG was delivered in 1977 and fully occupied at the time of sale.

The property was on the market for 11 months with an initial asking price of $3.215M

The buyer utilized a 1031 exchange to secure the investment that boasted a 8.81% CAP rate based on the $2.86M sale price.

Details of this transaction were verified with the seller’s representation.Income Expense Data

$385,331

Effective Gross Income- Vacancy Allowance

+ Other IncomeGross Scheduled IncomeIncome

$133,313$91,752$41,561

Total Expenses- Operating Expenses

- TaxesExpenses

Cash Flow

$251,981

- Capital Expenditure- Debt Service

Net Operating IncomeNet Income

Property Type: Retail - (Strip Center)Dixie PlazaBuilt in 1977

Center:Bldg Status:





Street Frontage: 337 feet on Military


Zoning: CG, CountyOwner Occupied: No

CAM: -Rent/SF/Yr: For Sale Only No. of Stores: 11

Land Area: 1.73 AC

Features: Pylon Sign, Signage

Property Mix:Expenses: 2016 Tax @ $2.01/sf, 2012 Est Tax @ $1.63/sf; 2016 Ops @ $4.44/sf

Lot Dimensions:

ID: 357236

General Retail (100.0%)

Building FAR: 0.28




County: Palm Beach

Park Name: Dixie Plaza



Spacer

1401 S Military Trl - Dixie Plaza SOLD20,664 SF Retail (Strip Center) Building Built in 1977 (con't)


6/6/2017

Page 2

1401 S Military TrlDixie PlazaWest Palm Beach, FL 33415

(Strip Center) Building of 20,664 SF Sold on 5/9/2016 for$2,860,000 - Research Complete

buyer

Jeffrey E. Lehrman220 Alhambra CirCoral Gables, FL 33134(305) 460-4447

Suresh R Sawlani1326 Majesty TerWeston, FL 33327(954) 554-2594

seller

vital data


Exchange: YesConditions: 1031 Exchange




FAR 0.28Lot Dimensions: 313x240

Frontage: 337 feet on Military

Comp ID: 3596886

Sale Price: $2,860,000Status: Confirmed



Down Pmnt: $2,860,000Pct Down: 100.0%

Doc No: -Trans Tax: -

Corner: NoZoning: CG, County

No Tenants: 5Percent Improved: -



MultiTenancy:

Parcel No: -Map Page: -

Escrow/Contract: -

income expense data

$385,331

Effective Gross Income- Vacancy Allowance

+ Other IncomeGross Scheduled IncomeIncome

$133,313$91,752$41,561


- TaxesExpenses

Cash Flow

$251,981



Listing Broker

Marcus & Millichap Inc.300 S Orange AveOrlando, FL 32801(407) 557-3800Nicholas Ledvora

Marcus & Millichap Inc5220 Belfort RdJacksonville, FL 32256(904) 672-1400Chad Atwood

Buyer Broker

Marcus & Millichap Inc5220 Belfort RdJacksonville, FL 32256(904) 672-1400Chad Atwood

prior sale

Date/Doc No:Sale Price:

CompID:

2/18/2004$1,950,000

857921

financing


6/6/2017

Page 4

SALES COMPARABLES

834-838 S Congress AveWest Palm Beach, FL 33406Sale on 5/26/2016 for $1,210,000 ($97.10/SF) - Research Complete12,461 SF Retail Freestanding Building Built in 1972

SOLD1


Recorded Buyer: Recorded Seller: 834 S Congress Ave Llc834 S Congress LlcTrue Buyer: True Seller: David Fiore

David Fiore8623 Wakefield DrPalm Beach Gardens, FL 33410(561) 370-3774

Michael CagenMichael Cagen9789 Donato WayLake Worth, FL 33467

Buyer Type: Seller Type: IndividualIndividualBuyer Broker: Listing Broker: The Goldstein Group

Martin Goldstein(561) 310-0935

No Buyer Broker on Deal

Sale Date:

Price/SF:

Sale Price:

Actual Cap Rate:

$97.10



Land Area:

Year Built/Age:GLA:

7.74%

Retail - FreestandingBuilt in 1972 Age: 4412,461 SF0.29 AC (12,632 SF)


Transaction Details





$818,664 in 2015$513,496$305,168


Land Assessed/AC: $1,052,303


ID: 3632525

-

Spacer

Tenancy: Multi

Escrow Length: 60 days

Parcel No:

Financing:

70-43-44-05-02-001-0030, 70-43-44-05-02-001-0010

Down payment of $302,500.00 (25.0%)$907,500.00 from American Nat'l Bk

Document No: 28332-0047Sale History: Sold for $1,210,000 ($97.10/SF) on 5/26/2016

Sold for $700,000 ($56.18/SF) on 1/24/2013

No. of Tenants: 4Tenants at time of sale: American Access LLC; Beds Beds Beds; Tattoo Parlor; Tobacco World


6/6/2017

Page 1

Sale History: Sold for $1,210,000 ($97.10/SF) on 5/26/2016Sold for $700,000 ($56.18/SF) on 1/24/2013

SpacerTransaction Notes

834 S Congress, LLC purchased the retail center on May 26, 2016 for $1.21M, or $97.10 per square-foot. The 12,461SF building has 3tenants and is fully leased. According to the broker there was a credit of $20k or $30k grand towards the sale price due to the propertyneeding a new roof and parking lot. Other than the credit there were no sale conditions to report and it was in escrow for roughly 60 days.

Income Expense Data

$22,097

$22,097


- TaxesExpenses

Cash Flow

$93,170



Property Type: Retail - Freestanding-Built in 1972

Center:Bldg Status:





Street Frontage: 119 feet on S Congress Ave114 feet on Holly Rd


Zoning: C/5Owner Occupied: No


Land Area: 0.29 AC

Features: Bus Line, Pylon Sign, Signage

Expenses: 2016 Tax @ $1.77/sf

Lot Dimensions: -

ID: 5470673

Building FAR: 0.99

Location InformationSouth FloridaWest Palm Beach/West Palm Beach


County: Palm BeachCBSA: West Palm Beach-Boca Raton-Delray Beach, FL


Spacer

834-838 S Congress Ave SOLD12,461 SF Retail Freestanding Building Built in 1972 (con't)


6/6/2017

Page 2

SALES COMPARABLES

SALES COMPARABLES834-838 S Congress AveWest Palm Beach, FL 33406

Freestanding Building of 12,461 SF Sold on 5/26/2016 for$1,210,000 - Research Complete

buyer

Michael Cagen9789 Donato WayLake Worth, FL 33467

David Fiore8623 Wakefield DrPalm Beach Gardens, FL 33410(561) 370-3774

seller

vital data


Exchange: NoConditions: -




FAR 0.99Lot Dimensions: -

Frontage: 119 feet on S Congress Ave 114 ...

Comp ID: 3632525

Sale Price: $1,210,000Status: Confirmed



Down Pmnt: $302,500Pct Down: 25.0%

Doc No: 28332-0047Trans Tax: -

Corner: NoZoning: C/5

No Tenants: 4Percent Improved: 62.7%



MultiTenancy:

Parcel No: 70-43-44-05-02-001-0030 [Partial List]Map Page: -

Escrow/Contract: 60 days

income expense data

$22,097

$22,097


- TaxesExpenses

Cash Flow

$93,170



Listing Broker

The Goldstein Group220 S Dixie HwyLake Worth, FL 33460(561) 310-0935Martin Goldstein

Buyer Broker

No Buyer Broker on Deal

prior sale

Date/Doc No:Sale Price:

CompID:

1/24/2013$700,0002671994

financing

1st American Nat'l BkBal/Pmt: $907,500


6/6/2017

Page 4

SALES COMPARABLES

3800 S CONGRESS AVE, PALM SPRINGS, FL 33461 Located in west Lake Worth/ Palm Springs on the busy Congress Avenue corridor between Lake Worth Road and 10th Avenue south. Easy access to I-95 and the FL Turnpike.

MARKET OVERVIEW

Page 4

6/9/2017

3800-3804 S Congress AveLake Worth, FL 33461 - West Palm Beach Submarket

Mike Mandel - Listings 2

MARKET CONDITIONS

Vacancy Rates Current YOY

Current Building 0.0% 0.0%

Submarket 1-3 Star 5.9% 0.4%

Market Overall 4.3% 0.7%

NNN Asking Rents Per SF Current YOY

Submarket 1-3 Star $15.40 2.6%

Market Overall $20.99 5.5%

Submarket Leasing Activity Current YOY

12 Mo. Leased SF 633,986 16.0%

Months On Market 10.4 6.0 mo

Submarket Sales Activity Current YOY

12 Mo. Sales Volume (Mil.) $87.5 68.8%

12 Mo. Price Per SF $200 12.1%

BUILDING NOTES

Located in west Lake Worth/ Palm Springs on the busy Congress Avenue corridor between Lake Worth Road and 10th Avenue south. Easy access to I-95 and the FL Turnpike.

Copyrighted report licensed to Thur and Associates - 752343.Mike Mandel - Listings

MARKET OVERVIEWCommercial Real Estate Brokerage

THUR RETAILT h u r & A s s o c i a t e s

OUR SERVICES: - Landlord Representation- Tenant Representation - National Franchise Site Selection - Retail Store Dispositions- 1031 Exchanges - Sales & Leasing- Land & New Developments

Excellence for over 30 years and looking for you to be our next success partner!

Thur Retail has over 100 years of hands on combined experience in real estate,development, investments & brokerage services and retail entrepreneurialship. This extensive experience and long established contacts in the development and real estate communities, have enabled our team to focus on optimizing value, strong financial returns and value added services for our clients.

Thur Retail has been meeting the site selection and development needs of retailers and investors all over the country. Our list of clients demonstrates that retailers and developers’ trust us and can rely on us for a range of real estate needs.

We act as trusted real estate advisors rather than as a traditional brokerage firm.

For more information, please contact:

Shary Thur, CCIM cell: 561.989.4203 or 202.359.3469 office: 561.395.2441 email: [email protected] Michael Mandel cell: 561-706-2905 office: 561-226-1796 email: [email protected]

Thur Retail Offices:

Boca Raton, Florida: 327 Plaza Real Blvd Suite 301Boca Rotan, FL 33432 ph: 561.395.2441

Corporate Office: 1054 31st St NW Suite 115 Washington, DC 20007 ph: 703.847.0865

www.thurretail.com

Documents

FOR SALE: 3800 South Congress Ave, Palm Springs, FL 33461 · Commercial Real Estate Brokerage THUR RETAIL Thur & Associates FOR SALE: ... Building has great exposure on busy Congress