OFFERING MEMORANDUM. Perimeter Road Development Site Miami, Florida

Size: px

Start display at page:

Download "OFFERING MEMORANDUM. Perimeter Road Development Site Miami, Florida"

Pauline Rodgers
6 years ago
Views:

OFFERING MEMORANDUM Perimeter Road Development Site Miami, Florida A rare opportunity to acquire +/- 3.

1 OFFERING MEMORANDUM Perimeter Road Development Site Miami, Florida A rare opportunity to acquire +/ acres of land with unparalleled frontage onto the Dolphin Expressway and Miami International Airport BLANCACRE.COM

2 INDEX Executive Summary Property Summary Survey Zoning Investment Highlights Site Photos

3 EXECUTIVE SUMMARY Blanca Commercial Real Estate, Inc. is pleased to offer the 100% fee simple interest in the Perimeter Road Development Site, a +/-3.93 acre parcel comprised of Folios , , and Located on NW 12 th Street (Perimeter Road), this offering provides a rare opportunity to acquire a +/- 171,412 SF prime parcel of land with unparalleled frontage onto Miami International Airport ( MIA ), prominently recognized as one of the busiest airports in the world. Strategically positioned with +/- 300 linear feet onto Perimeter Road to the North and Dolphin Expressway SR-836 to the South, this future development provides unmatched exposure quality within Miami Dade s bustling Airport-West Commercial District. Additionally, with a flexible IU-2 zoning designation and a development-friendly +/ acre lot shape, this site awaits a savvy developer to tap into its Industrial, Office or Hospitality potential. With direct proximity to Miami International Airport, the tremendous opportunity to benefit from one of South Florida s main economic trade engines awaits. Designated as the USA s Number 1 airport for international cargo & freight activity, an astounding 65% of all perishable imports and 80% of all USA-Latin America air trade occurs at the footsteps of this land parcel. Moreover, identified as the 1st airport in the country (and only the 2nd in the world) to be certified as a Pharma Freight Hub, MIA produced 48% year-over-year growth in its pharmaceutical cargo registering a phenomenal 2016 revenue of $4.4 billion. Additionally, Miami International Airport s volume of passengers ranks in the Top 10 for domestic flights and Number 2 for International. As a result, Miami has continually been named as a Top 5 Destination for international tourists since Enhanced by its central position to all commercial hubs in South Florida, the property provides premium access to Downtown Miami, Coral Gables, & Doral. Additionally, the site enjoys ease of access to all major commercial thoroughfares such as Dolphin Expressway SR-836, Palmetto Expressway SR-826, I-95, Florida Turnpike, and Airport Expressway SR-112 affording future property users the ability to access all parts of South Florida within a matter of minutes. Perimeter Road Development Site provides unlimited value to an investor. The property is an amazing destination for an Industrial, Office or Hotel asset and is generously supported by the flourishing dynamics of MIA airport, ease of transportation network, and strength of each asset class sub-market.

4 PROPERTY SUMMARY PROPERTY SUMMARY SALE TYPE PROPERTY TYPE LOCATION Fee Simple Interest Vacant Commercial Land / Development Site Adjacent to Miami International Airport, on Perimeter Road in Miami FL PARCEL ID s Folios # # # SITE AREA ACRES +/- 171,412 SF of Land +/ acres 2016 RE TAX $27, ZONING I U - 2 PERMITTED USES Includes: Hotel, Office, Industrial Warehouse, Cold Storage, Licensed Pharmaceutical Storage FRONTAGE +/- 300 Linear Feet on each of : Perimeter Road & Dolphin Expwy SR ,000 vehicles per day ( Dolphin Expwy SR-836 ) TRAFFIC COUNT 430,000 vehicles per day ( re- interchange of Dolphin Expwy SR-836 & Palmetto Expwy SR-826)

5 SURVEY

6 ZONING PERMITTED USES INCLUDE : HEAVY INDUSTRIAL MANUFACTURING HOTEL LIGHT INDUSTRIAL MANUFACTURING OFFICE WHOLESALE DISTRIBUTION FACILITIES WAREHOUSING & STORAGE LICENSED PHARMACEUTICAL STORAGE WHOLESALE SHOWROOM RESTAURANTS PARKING LOTS COMMUTER COLLEGE/ UNIVERSITY BREWERY

7 Investment Highlights 4 SOLID OFFICE MARKET

INVESTMENT HIGHLIGHTS 1 STRATEGIC LOCATION LOCATION AND ACCESS Unparalleled access to a complete transportation nexus: Miami International

8 INVESTMENT HIGHLIGHTS 1 STRATEGIC LOCATION LOCATION AND ACCESS Unparalleled access to a complete transportation nexus: Miami International Airport, Hialeah Intermodal Railyard, SR 826/ Palmetto Expressway, Florida Turnpike, SR-836/ Dolphin Expressway, Interstate 95, Port of Miami.

9 INVESTMENT HIGHLIGHTS 2 COMPELLING INDUSTRIAL PROFILE Airport/ Doral Sub-Market Dominates Miami-Dade County s Industrial Metrics

10 2 COMPELLING INDUSTRIAL PROFILE INVESTMENT HIGHLIGHTS Miami International Airport Cargo Statistics MIA Total Annual International Air Freight Ranked #1 USA Ranked #10 Global MIA Total Annual Air Trade Value MIA Total Air Trade Value $ 57.3 billion South America $ 29.5 billion Central America $ 4.4 billion Caribbean $ 6.8 billion LATAM Total : $ 40.7 billion Europe $ 11.4 billion All Other $ 5.2 billion Grand Total : $ 57.3 billion Annual Air Trade Between USA & LATAM 83 % of all Imports to USA handled by MIA 79 % of all Exports from USA handled by MIA MIA Annual Air Trade Via LATAM / Value MIA / LATAM Air Trade Value $ 40.7 billion Brazil $ 10.8 billion Colombia $ 5.2 billion Chile $ 3.3 billion Peru $ 2.7 billion Argentina $ 2.5 billion Sub-Total / Top Countries : $ 24.5 billion All Other LATAM Regions : $ 16.2 billion Grand Total : $ 40.7 billion

Imported Into The USA: USA Imports Annual Tons MIA Cargo Share

50 % All Perishables : 65 % Subject Property is the perfect site

11 2 INVESTMENT HIGHLIGHTS COMPELLING INDUSTRIAL PROFILE MIA Is the Key Staging Point For All Flowers, Fish, Fruit & Vegetables Imported Into The USA: USA Imports Annual Tons MIA Cargo Share Flowers 241, % Fruit & Vegetables 228, % Fish 352, % All Perishables : 65 % Subject Property is the perfect site for development of a cold storage warehouse catering to the perishables trade

3 Billion 48 % Year Over Year Growth 2015 to 2016 140 % Growth from 2010 to 2016 MIA Designation As Pharma Freight Hub 1 st USA Airport

12 INVESTMENT HIGHLIGHTS 2 COMPELLING INDUSTRIAL PROFILE MIA is Poised for a Continued Surge in Pharma Logistics Activity MIA 2016 Total Pharma Cargo Volume $4.3 Billion 48 % Year Over Year Growth 2015 to % Growth from 2010 to 2016 MIA Designation As Pharma Freight Hub 1 st USA Airport to be certified as such by IATA, and only 2 nd in the world to receive this designation. IATA recognized MIA in this regard due to the depth of training and expertise established by MIA for the safe and secure handling of sensitive pharma products.

INVESTMENT HIGHLIGHTS 2 MIA engages The Cargo Community in the IATA CEIV Pharma Certification Program in COMPELLING order to prepare logistics

The global scale of pharma cold chain logistics & transport is expected to surge over the near term as a sustainable high volume transport

13 INVESTMENT HIGHLIGHTS 2 MIA engages The Cargo Community in the IATA CEIV Pharma Certification Program in COMPELLING order to prepare logistics providers to become experts on the proper handling of sensitive INDUSTRIAL pharma products shipped by air. PROFILE The Pharma Industry requires rigorous training & compliance to protect the dollar value and material integrity of highly sensitive pharma products. The global scale of pharma cold chain logistics & transport is expected to surge over the near term as a sustainable high volume transport commodity. CEIV Pharma Certification Participants : Based on the leadership role established by MIA for the transport & logistic handling of sensitive pharma products, the Subject Property could potentially be developed as a cold chain facility intended to manage the critical process for worldwide corporations.

14 INVESTMENT HIGHLIGHTS 2 MIA is a Founding Member of Pharma.Aero COMPELLING INDUSTRIAL PROFILE

INVESTMENT HIGHLIGHTS AIRPORT WEST DADE OFFICE MARKET

N A L Y S I S ( C L A S S A & B ) 10,000-19,999 RSF

7,500-9,999 RSF 14% 5,000-7,499 RSF 11% 4,000-4,999

6 % A R E G R E A T E R T H A N 5, 0 0 0 S F H I S T

E R A G E A S K I N G R E N T H I S T O R I C A L P E

L A S S A R A T E S H A V E I N C R E A S E D B Y 17%

3% C l a s s A v a c a n c y s l i g h t l y i n c r

a t e r f o r d a t B l u e L a g o o n.

15 INVESTMENT HIGHLIGHTS AIRPORT WEST DADE OFFICE MARKET C O M P L E T E D T R A N S A C T I O N S S P A C E A N A L Y S I S ( C L A S S A & B ) 10,000-19,999 RSF 16% 20,000+ RSF 8% RSF 6% 1,000-1,999 RSF 20% 7,500-9,999 RSF 14% 5,000-7,499 RSF 11% 4,000-4,999 RSF 1% 3,000-3,999 RSF 8% 2,000-2,999 RSF 16% % A R E G R E A T E R T H A N 5, S F H I S T O R I C A L P E R F O R M A N C E W E I G H T E D A V E R A G E A S K I N G R E N T H I S T O R I C A L P E R F O R M A N C E V A C A N C Y S I N C E , C L A S S A R A T E S H A V E I N C R E A S E D B Y 17% 39.8% 54.3% C l a s s A v a c a n c y s l i g h t l y i n c r e a s e d d u e t o t h e d e l i v e r y o f W a t e r f o r d a t B l u e L a g o o n. T h i s + / , S F C l a s s A O f f i c e P r o p e r t y w a s d e l i v e r e d 4 3 % p r e - l e a s e d.

INVESTMENT HIGHLIGHTS 4 STRONG HOTEL STATISTICS Greater Miami Convention & Visitors Bureau HOTEL Statistics : Subject Property is a strong site for development of a Hotel, based on the performance of

16 INVESTMENT HIGHLIGHTS 4 STRONG HOTEL STATISTICS Greater Miami Convention & Visitors Bureau HOTEL Statistics : Subject Property is a strong site for development of a Hotel, based on the performance of the consistent performance of MIA s airport market Occupancy MIA Airport Hotels: 86.4% Rank # 1 of 12 Local Markets 2016 Occupancy Doral Hotels: 79.4% Rank # 2 of 12 Local Markets MIA Airport Passenger Service Metrics 2016 Grand Total Passengers Ranked #10 in USA 2016 Total International Passengers Ranked #2 in USA 70 % OF CRUISE PORT PASSENGERS ACCESS VIA MIA Annual Spending By Visitors To Miami = $14.3 Billion Amount Of Total Spent On Hotels = $5.5 Billion 38% Of Total

17 SITE PHOTOS

18 SITE PHOTOS

P r i m e P r o d u c t i o n & B r o a d c a s t i n g S t u d i o A V A I L A B L E F O R L E A S E

P r i m e P r o d u c t i o n & B r o a d c a s t i n g S t u d i o A V A I L A B L E F O R L E A S E T E L E M U N D O S T U D I O S 7355 & 7400 NW 41 st Street MIAMI, FLORIDA 33166 E X C L U S I V E