F O R S A L E

MEDLEYSELF-STORAGE FACILITY7 4 5 0 N W 7 4 T H A V E N U E • M E D L E Y, F L 3 3 1 6 6

INVESTMENT HIGHLIGHTSStrategic infill location in OPPORTUNITY ZONE

Incredible access TO PALMETTO EXPRESSWAY & HIALEAH EXPRESSWAY

Value Add Opportunity with BELOW MARKET RENTS & VACANCY

O P P O R T U N I T YZ O N E

PROPERTY ADDRESS 7450 NW 74 Avenue, Medley, FL 33166

FOLIO NUMBER 22-3011-002-0714

TOTAL BUILDING(S) SIZE ±55,974 SF (5 Buildings)

OFFICE ±119 SF (Leasing Office)

APARTMENT ±1,100 SF (Night Watchman Quarters)

OFFICE ±119 SF

LOT SIZE ± 2.63 Acres (Per County Records)

YEAR BUILT 1973

CLEAR HEIGHT ± 14’

ZONING M-1, Industrial District - Light ManufacturingIndustrial Use (Self Storage)

UNITS 293 of various sizes

PARKING RATIO .07 / 1,000 sf

UTILITIES Florida Power and Light

OCCUPANCY 55%

OPPORTUNITY ZONE

Within Tract 12086009100 (Investment Score: 8)

P R O P E R T Y O V E R V I E W

CBRE, as exclusive representative, is pleased to present the opportunity to acquire the Medley Self-Storage Facility. This asset is approximately ±55,974sf of self-storage warehouse located on ±2.64 acres. This property features five buildings in total. The property is situated in an ideal location in Medley, with easy access from Palmetto Expressway and Hialeah Expressway. The traffic counts in the area are notable with the Palmetto Expressway having 273,000 vehicles per day and Hialeah Expressway having 53,500 vehicles per day.

Asking Price: $5,599,000 ($100 PSF)HIALEAH EXPRESSWAY

RARE SELF-STORAGE FACILITY NEAR MIAMI INTERNATIONAL AIRPORT

MEDLEYSELF-STORAGE FACILITYFACILITY

OPPORTUNITY ZONE DATA

Tract: 12086009100Investment Score: 8 (1=low; 10=high)

The Urban Institute developed a score of investment f lows to census tracts factoring commercial lending, multifamily lending, single-family lending and small business lending. Data on existing equity f lows is limited so debt f lows are used as a proxy for understanding access to local capital.

2000-2010 Household Growth: -0.6%*

Total Households 2010: 1,881*

Total Households 2018: 2,007**

2010-2018 Household Growth: 0.8%**

Average Home Value 2018: $194,214**

Median Household Income 2010: $33,542*

Median Household Income 2018: $37,279**

Median Household Income Growth 2010-2018: 11.1%*,**

% Households under poverty level: 25.0%#

* (U.S. Census)** (ESRI Demographics)# (ACS Multiyear Data 2012-2016)

O P P O R T U N I T YZ O N E

U N I T B R E A K D O W N & E S T I M AT E D M A R K E T R E N T S

Unit Breakdown and Estimated Market RentsDimensions SF Units Total SF Monthly PGI/Year/Unit PGI/Year/Total $/SF

4 x 3 x 4 = 12 1 12 $21 $252 $252 $21.00

4 x 3 x 5 = 12 2 24 $22 $264 $528 $22.00

4 x 4 x 4 = 16 1 16 $23 $276 $276 $17.25

4 x 3 x 6 = 12 1 12 $24 $288 $288 $24.00

4 x 4 x 5 = 16 2 32 $25 $300 $600 $18.75

4 x 5 x 4 = 20 1 20 $26 $312 $624 $15.60

4 x 4 x 6 = 16 1 16 $27 $324 $324 $20.25

4 x 5 x 5 = 20 2 40 $29 $348 $696 $17.40

4 x 5 x 6 = 20 1 20 $32 $384 $384 $19.20

3 x 4 x 10 = 12 2 24 $35 $420 $840 $35.00

4 x 4 x 10 = 16 2 32 $43 $516 $1,032 $32.25

4 x 5 x 10 = 20 1 20 $48 $576 $576 $28.80

4 x 8 x 10 = 32 2 64 $66 $792 $1,584 $24.75

7 x 8 = 56 2 112 $79 $948 $1,896 $16.93

5 x 10 = 50 47 2,350 $82 $984 $46,248 $19.68

7 x 8 x 12 = 56 2 112 $74 $888 $1,776 $15.86

6 x 12 = 72 2 144 $101 $1,212 $2,424 $16.83

6 x 12 x 12 = 72 2 144 $105 $1,260 $2,520 $17.50

8 x 12 x 12 = 96 2 192 $126 $1,512 $3,024 $15.75

10 x 10 = 100 26 2,600 $160 $1,920 $49,920 $19.20

10 x 15 = 150 37 5,550 $180 $2,160 $79,920 $14.40

12 x 15 = 180 1 180 $236 $2,832 $2,832 $15.73

10 x 20 = 200 14 2,800 $260 $3,120 $43,680 $15.60

12 x 20 = 240 10 2,400 $280 $3,360 $33,600 $14.00

20 x 15 = 300 8 2,400 $347 $4,164 $49,968 $13.88

12 x 25 = 300 53 15,900 $350 $4,200 $222,600 $14.00

15 x 20 = 300 1 300 $369 $4,428 $4,428 $14.76

20 x 20 = 400 4 1,600 $460 $5,520 $22,080 $13.80

12 x 35 = 420 20 8,400 $480 $5,760 $115,200 $13.71

18 x 25 = 450 1 450 $555 $6,660 $6,660 $14.80

24 x 25 = 600 10 6,000 $707 $8,484 $84,840 $14.14

25 x 45 = 1125 2 2,250 $950 $11,400 $22,800 $10.13

Sub‐Total $804,420

Parking Spaces Surface Area

Dimensions SF Units Total SF Monthly PGI/Year/Unit PGI/Year/Total $/SF

6 x 10 = 60 3 180 $34 $408 $1,224 N/A

9 x 15 = 135 1 135 $66 $792 $792 N/A

10 x 15 = 150 2 300 $72 $864 $1,728 N/A

10 x 20 = 200 5 1,000 $95 $1,140 $5,700 N/A

Sub‐Total $9,444

Total PGI $813,864

F L O O R P L A N S

Office Apartment and Storage Floor Plan

Typical Storage Floor Plans

S I T E P L A N

S U R V E Y

11/6/2019 371906

© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independentinvestigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are theproperty of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.

KEY LARGO

IMMOKALEE

HOMESTEAD

KENDALL

MIAMI BEACH

NORTH MIAMI

PRINCETON

TAMIAMI

SOUTH MIAMI

HIALEAH

MIAMI

CUTLER BAY

AVENTURA

DEERFIELD BEACH

DAVIE

HOLLYWOOD

SUNRISE

MARGATE

POMPANO BEACH

FORT LAUDERDALEWESTON

MIRAMAR

PARKLAND

DELRAY BEACH

LANTANA

BOCA RATON

WEST PALMBEACH

LOXAHATCHEE

826

869

821

1

1

27

98

41

441

75

95

95

75

595

DRIVE TIME

¯0 52.5 Miles

7450 NW 74th Ave

60-75 Minutes

45-60 Minutes

30-45 Minutes

15-30 Minutes

0-15 Minutes

Drive Time(Light Traffic)

5,438,161

4,913,740

4,385,842

3,284,045

1,067,294

PopulationWithin

A D D I T I O N A L P H O T O S

D R I V E T I M E M A P

7/2/2019 366643

© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independentinvestigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are theproperty of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.

KEY LARGO

IMMOKALEE

CUTLER BAY

KENDALL

LEISURE CITY

OJUS

PRINCETON

MIAMIBEACH

MARGATE

WESTON

HOLLYWOOD

SUNRISE FORTLAUDERDALE

BOYNTONBEACH

BOCARATON

LOXAHATCHEE

WEST PALMBEACH

MIAMI826

869

29

821

80

1

27

41

98

27

27441

41

75

95

75

595

95

DRIVE TIME

¯0 52.5 Miles

3255 Meridian Pkwy

60-75 Minutes

45-60 Minutes

30-45 Minutes

15-30 Minutes

0-15 Minutes

Drive Time(Light Traffic)

5,856,631

5,289,418

4,567,478

2,377,337

325,241

PopulationWithin

C O N TA C T U S

© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

JAKE ZEBEDECapital Markets Associate

+1 305 975 08745jake.zebede@cbre.com

LARRY GENETSenior Vice President

+1 305 807 0004larry.genet@cbre.com

L O C AT I O N A C C E S S

MIAMIGATEWAYTO THEAMERICAS

ANNUALECONOMICIMPACT

OF PORT OF MIAMI$35B

300K

JOBS

TAX

SUPPORTED BYINTERNATIONAL TRADE

OVER 1MILLIONCARGO PROCESSEDTEUSANNUALLY THROUGH PORT OF MIAMI

MIAMI INT AIRPORT

1ST ININTERNATIONAL

FREIGHT IN U.S.

Source: The Beacon Council, Port of Miami, & Miami International Airport

$1.6BILLIONIN RENOVATION COST

TO PORT OF MIAMI

Miami’s location in the center of the Western Hemisphere makes the Miami International Air-port (MIA) and Port of Mi-ami critical channels for international trade and commerce. Significant in-vestment in shipping and distribution infrastructure has positioned Miami for continued growth within this segment and will fur-ther solidify Miami’s posi-tion as the Gateway to the Americas.

NO CORPORATE FRANCHISE TAXNO STATE PERSONALNO TAXES ONNO TAXES ON

INCOME TAXINVENTORIESFOREIGN INCOME