HALLANDALE BEACH OPPORTUNITY ZONE...21 SE 9 CT 219 SE 9 CT 215 SE 9 ST 1-2 228 SE 9 ST 1-8 Total Lot Size: 43,000 Sq.Ft. Approved Medical Office Building Plans - 8 Story and up to

HALLANDALE BEACH OPPORTUNITY ZONE

DEVELOPMENT SITE WITH APPROVED PLANS FOR MEDICAL OFFICE

HALLANDALE BEACH OPPORTUNITY ZONE DEVELOPMENT SITE

HALLANDALE BEACH, FL 33009 | ASKING $5,990,000

APPROVED PLANS FOR MEDICAL OFFICE

HALLANDALE BEACH DEVELOPMENT SITE

225 SE 9 CT 1-2 21 SE 9 CT

219 SE 9 CT 215 SE 9 ST 1-2 228 SE 9 ST 1-8

Total Lot Size: 43,000 Sq.Ft.

Approved Medical Office Building Plans - 8 Story and up to 80,156 Sq.Ft.

Currently Incoming Producing Multifamily located in an Opportunity Zone







OPPORTUNITY ZONE PROCESS SNAPSHOT

Investor sells stocks or has a

capital gain

Investor places gains into Qualified Opportunity Fund

(QOF) within 180 days

QOF buys real estate in Qualified Opportunity Zone

QOF invests $ matching purchase price into

property development

Hold 10 years - Pay no capital gains on

acquired property

Taxes due - Dec 31, 2026 or upon sale

Hold 7 years for 15% basis increase (pay taxes on 85% of capital gains)

Hold 5 years for 10% basis increase (pay taxes

on % of capital gains)

YEAR 10

YEAR 7

YEAR 5




HALLANDALE BEACH OPPORTUNITY ZONE

= OPPORTUNITY ZONE

SUBJECT PROPERTY




CURRENT INCOME INFORMATIONCURRENT INCOME

ADDRESS APT # MONTHLY RENT

215 SE 9th CT Duplex $2,500

217 SE 9th CT Duplex $750

219 SE 9th CT House $1,300

221 SE 9th CT House $1,200



225 SE 9th CT Apt No. $675

225 SE 9th CT Apt No. $735

228 SE 9th CT 1 $675

228 SE 9th CT 2 $700

228 SE 9th CT 3 $750

228 SE 9th CT 4 $675

228 SE 9th CT 5 $675

228 SE 9th CT 6 $450

228 SE 9th CT 7 $525

228 SE 9th CT 8 $1,100

228 SE 9th CT Apt BW $600

$15,510

CURRENT PROPERTY FINANCIALS - NOIPROPERTY DETAILS

Address/Property Hallandale Beach Development Site

Asking Price $5,990,000

EXPENSES

Property Taxes $54,000

Property Insurance $23,000

Utilities $7,500

Management Fee $5,000

Maintenance $6,000

TOTAL $95,500

INCOME

Gross Revenue $186,120

OPERATING INCOME

Total Expenses ($95,5000)

Effective Revenue $186,120

Net Operating Income $90,620

Cap Rate Based $8.45M 1.51%




APPROVED PLANS

FLOOR PLANS AVAILABLE UPON REQUEST

INSERT RENDERING




INVESTMENT POTENTIAL

OVERVIEW

PROPERTY TYPE CLASS A OFFICE

LAND (ACRES) 0.99 AC

GROSS LEASABLE AREA UP TO 80,156 SF

STORIES 8

PARKING AREA 140,447 SF

PARKING SPACES 303 SPACES

TOTAL AREA 220,603 SF

PERMITTED USES

OFFICES (PROFESSIONAL & MEDICAL), ASSISTED LIVING FACILITIES, NURSING HOMES, MULTI-FAMILY UNITS, HOTELS, RETAIL STORES, RESTAURANTS, SCHOOLS, GOVERNMENT USES

CONDITIONAL USES GARAGE, PUBLIC PARKING

INVESTMENT PROJECTION

CURRENT RENTAL PRICE IN THE AREA $50-60/ SF

TOTAL RENT TO COLLECT PER ANNUM $4,800,000 -$5,100,000

PROJECTED MARKET VALUE AT APPROX. 5% CAP

$96,000,000 -$102,000,000




PLANNED ROAD IMPROVEMENTS




DEVELOPMENT ADDRESS USE DEVELOPMENT INFO

1BEACON BY H&M

DEVELOPMENT800 SE 4TH ST

HALLANDALE BEACH, FL 33009MIXED USE (OFFICE AND

RETAIL) 8-STORY OFFICE BUILDING WITH 75,860 SF

2GULFSTREAM POINT BY HALLANDALE FIRST LLC

918 S FEDERAL HWY HALLANDALE BEACH, FL 33009

MIXED USE (OFFICE AND RETAIL)

24-STORY BUILDING INCLUSIVE OF 297 RESIDENTIAL UNITS AND A 2,572 SF RESTAURANT WITH A 757 SF

OUTDOOR PATIO AREA

3NINE HUNDRED BY

HALLANDALE OFFICE TOWERS LLC

900 S FEDERAL HWY HALLANDALE BEACH, FL 33009

MIXED USE (OFFICE AND RETAIL)

23-STORY HIGH RISE BUILDING WITH 320 RESIDENTIAL UNITS, 5,871 SF OF COMMERCIAL

SPACE, 150 ROOM HOTEL AND ASSOCIATED PARKING GARAGE

4AVENTURA MEDICAL TOWER BY THE FAITH

GROUP

2801 NE 213TH ST AVENTURA, FL 33180 MEDICAL OFFICES

12-LEVEL CLASS-A MEDICAL OFFICE BUILDING, 100,000 SF OFFICE SPACE AND 450 PARKING SPACES

5ICON MEDICAL TOWER BY

SHALEV GROUP21291 NE 28TH AVE

AVENTURA, FL 33180

LUXURY MEDICAL OFFICE SUITE CONDOMINIUM

PROJECT

11-STORY CLASS-A MEDICAL OFFICE BUILDING, 100,000 SF OFFICE SPACE WITH AN ADDITIONAL

13,000 SF TO ACCOMMODATE SURGICAL ROOMS, AN IMAGING CENTER AND LABORATORY AND

PHARMACY AREAS

6IVORY 214 BY SHALEV

GROUP2820 NE 214TH ST

AVENTURA, FL 33180

COMMERCIAL OFFICES, RETAIL SPACE, EXTENDED

STAY HOTEL FOR THE MEDICAL DISTRICT AND

BUSINESS TRAVELERS

11-STORY BUILDING, 118,000 SF TOTAL SPACE

7PARK SQUARE BY INTEGRA

INVESTMENTS29550 NE 207TH ST

AVENTURA, FL 33180 RESIDENTIAL

WILL INCLUDE 55,000 SF OF RETAIL, A 100,000 SF OFFICE TOWER, A 45,000 SF WELLNESS MEDICAL

CENTER, A GARAGE, AND A 131- UNIT LUXURY RESIDENTIAL CONDO TOWER

8OPTIMA OFFICE NORTH BY

BROM INMOBILIARO1010 S FEDERAL HWY

HALLANDALE BEACH, FL 33009 OFFICE USE28-STORY, 269,566 SF OF OFFICE USE AND 5,689 SF

OF BANK SPACE

9CHATEAU SQUARE BY CHATEAU GROUP LLC

600 E HALLANDALE BEACH BLVD HALLANDALE BEACH, FL 33009

MIXED USE (RESIDENTIAL, OFFICE, RETAIL)

TWO 40-STORY HIGH RISE BUILDINGS WITH A TOTAL OF 726 RESIDENTIAL UNITS, TOTAL OF 336,902 SF OF

GROSS FLOOR AREA

10NICKLAUS CHILDREN’S

HOSPITALEAST OF SE 3RD AVE & SE 9TH ST HALLANDALE BEACH, FL 33009 MEDICAL OFFICES 8-STORY BUILDING, 94,000 SF

SURROUNDING DEVELOPMENTS

SUBJECT PROPERTY




TWO MAJOR STATIONS WILL BE BUILT NEXT TO THE MEDICAL DISTRICT, MAKING THE AREA MORE DESIRABLE FOR USERS.

THE STATIONS ARE PART OF A GENERAL RE-DEVELOPMENT OF THE VICINITY.

5 BLOCKS FROM PROPOSED DEVELOPMENT SITE

PASSENGERS TRAIN STATIONS NEXT TO THE MEDICAL DISTRICT

ROBERT PLOTKIN 917.892.1975

[email protected]

FILIPPO INCORVAIA, P.A. 646.662.8504

[email protected]

ROSS PADFIELD 330.714.5923

[email protected]

ENGLISH | SPANISH | ITALIAN | RUSSIAN

© 2020 Douglas Elliman Real Estate. Equal Housing Opportunity. All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including, but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. If your property is currently listed with another real estate broker, please disregard this offer. It is not our intention to

solicit the offerings of other real estate brokers. We cooperate with them fully.

FOR MORE INFORMATION CONTACT OUR SALES TEAM:

ASKING $5,990,000


Approved Medical Office Building Plans | 8 Story and up to 80,156 SF Currently Income Producing Multifamily located in an Opportunity Zone


Documents

HALLANDALE BEACH OPPORTUNITY ZONE...21 SE 9 CT 219 SE 9 CT 215 SE 9 ST 1-2 228 SE 9 ST 1-8 Total Lot Size: 43,000 Sq.Ft. Approved Medical Office Building Plans - 8 Story and up to