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MiMoCOMMONS

7011 - 7101 Biscayne Boulevard Miami, Florida 33138

www.7101biscayne.com

3 OFFERING

2 MiMoCOMMONS MEMORANDUM

Tabl

e of

Con

tent

s 04 Investment Summary06 Assemblage Details08 Comparable Sales10 Comparable Leases14 Ideal Location16 Miami Modern District18 A Complete Neighborhood

MIKA MATTINGLYExecutive Vice [email protected]+1 786 486 4391

AARON DEMAYOCommercial Associate+1 305 842 9330

3 OFFERINGMiMo

COMMONS MEMORANDUM

5 OFFERING


InvestmentSummary

MiMo Commons is a 27,634 square foot assemblage of five properties located in the heart of Miami’s infamous MiMo District. MiMo Commons has the most frontage currently available along Biscayne in the MiMo District, and additional parcels can be assembled. The area has seen the tremendous growth of new retail and dining establishments, attracting diverse tenants paying as much as $85/NNN per square foot per year.

MiMo Commons has phenomenal development potential, sales of new commercial space are nearly $1,000 PSF and the area can also benefit from new residential units. In the meantime, the property can generate income from the 8,082 SF of buildings in superb condition on the assemblage. The building on the northern parcel can be used for commercial, office, or showroom, and the 1,103 SF building on the south has been serving as a salon. There are also 44 parking spaces, which are highly desirable in the area and sets this property apart from others.

There is an option to vacate the 70’ wide dead-end of 71st street, creating additional development potential by possibly allowing the reduction of secondary setbacks, additional space for parking, or a highly desirable courtyard that would be ideal for an adjacent restaurant or café. The property also has a total of 195,085 square feet of valuable Transferable Development Rights.

Address:7011-7101 Biscayne Boulevard Miami, Florida 33138

Building & Land Size:8,082 SF Building 27,634 SF Land

Density:65 du/acre =41 residential units or 82 hotel units

ZoningT-5 O110,536 SF Potential Development

Parcel Numbers:01-3207-032-071001-3207-032-071001-3218-004-002001-3218-004-003001-3218-007-0020

Price:Submit best offer

View East

7 OFFERING


Bisc

ayne

Bou

leva

rd

Downtown Miami

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DetailsAssemblage

Biscayne Boulevard

NE

70th

Str

eet

1 2 4 53

ADDRESS: 7101 Biscayne Blvd Miami, FloridaPARCEL #: 01-3207-032-0710LOT SIZE: 10,900 SFBLDG SIZE: 6,979 SFZONING: T 5-O

1ADDRESS: 7029 Biscayne Blvd Miami, FloridaPARCEL #: 01-3218-004-0010LOT SIZE: 7,313 SFBLDG SIZE: ----ZONING: T 5-O

2ADDRESS: 7015 Biscayne Blvd Miami, FloridaPARCEL #: 01-3218-004-0030LOT SIZE: 1,563 SFBLDG SIZE: 438 SFZONING: T 5-O

4ADDRESS: 7011 Biscayne Blvd Miami, FloridaPARCEL #: 01-3218-007-0020LOT SIZE: 1,608 SFBLDG SIZE: 665 SFZONING: T 5-O

5ADDRESS: 7021 Biscayne Blvd Miami, FloridaPARCEL #: 01-3218-004-0020LOT SIZE: 6,250 SFBLDG SIZE: ----ZONING: T 5-O

3

NE 7

1st S

tree

t

> Covered Land> 8,082 SF total building > 27,634 SF total land > 195,085 SF TDRs > 44 parking spaces

11 OFFERING


Com

par

able

Sal

es

Business Name: Barmeli69

Commercial + Land

Zoning: T-5-O & T-3-L

Price: $6,125,000

Price PSF Bldg : $485

Lot Size: 29,150 SF

Sold: 5/26/2016

Price PSF Land : $210

Building Size: 12,640 SF

Business Name: Miami iPhone Repair

Commercial


Lot Size: 7,500 SF

Sold: 4/20/2016

Price: $2,400,000



Business Name: Sanchez Coleman Studio

Retail


Lot Size: 6,400 SF

Price: $1,450,000

Sold: 1/25/2016



Business Name: Eastern Video

Office | Zoned T-5-O


Lot Size: 11,000 SF

Price: $2,100,000

Sold: 9/27/2016



11 OFFERINGMiMo

COMMONS MEMORANDUM

6925 Biscayne Blvd, Miami, FL




View North East

MiMoCOMMON S

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5555 Biscayne Boulevard

Renovated Office

Size: 2,650 - 5,700 SF

Rent/SF/Year: $40-42/NNN

Start Date: 03/24/2017


New MiMo Retail

Size: 2,478 SF

Rent/SF/Year: $53/NNN



New Retail

Size: 2,650 - 5,700 SF

Rent/SF/Year: $40-42/NNN



Renovated MiMo Retail

Size: 1,359 SF




New Retail

Size: 1,800 - 2,460 SF

Rent/SF/Year: $45-$50/NNN



Renovated Retail

Size: 1,057 SF

Rent/SF/Year: $36.96/NNN


Com

para

ble

Leas

esView South

MiMoCOMMONS

Bisc

ayne

Bou

leva

rd

15 OFFERING


Com

para

ble

Leas

es7541 Biscayne Boulevard

Renovated Retail

Size: 2,750 SF




Renovated Retail - Paulie Gee’s

Size: 3,400 SF





Size: 1,200 SF

Rent/SF/Year: $85/MG



MiMo Retail - Sanchez Coleman

Size: 1,942 SF

Rent/SF/Year: $59.32/NNN




Size: 3,000 SF

Rent/SF/Year: $42/MG



Retail

Size: 1,000 SF

Rent/SF/Year: $49.20/MG


View North

Bisc

ayne

Bou

leva

rd

MiMoCOM M ONS

17 OFFERING


Over 310’ along Biscayne Boulevard

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ArchitectureMiami Modern

The MiMo Historic District spanning from roughly from 50th Street to 77th Street along Biscayne Boulevard contains prominent examples of Miami Modernist Architecture. Mediterranean Revival and Art Deco were the favored means of architectural expression into the 40’s. MiMo flourished from 1945 until the late 60’s.

Resort MiMo influences include Hollywood set design, automobile styling, military jets and the space race. Subtropical Modernism, the other subcategory of MiMo recognized the needs of a year-round population by addressing the humidity and heat of summer by making accommodations for breezy corridors, covered galleries, and shady courtyards. Architectural elements in this style include glass walls, low slung lines, flat roofs, wide eaves, and free-flowing interior spaces.

21 OFFERING


MiMoCOM M ON S

Bis

cayn

e B

oule

vardThe MiMo district is a very walkable neighborhood, goods, services, and amenities are all nearby, which helps to reduce emissions, promote walkability and create a sense of community. MiMo Commons is in the heart of the MiMo District, directly on Biscayne Boulevard, one of two major North to South Corridors in the area. Biscayne Boulevard is a four-lane Avenue that leads through many of the most notable Miami Neighborhoods, directly into Downtown Miami, with 40,000 vehicles in each direction daily.

The MiMo district is established and rooted in history bringing immense pride and a sense of ownership that fosters a sense of community and helps promote safety and a low crime rate. The area has many types of housing available in Belle Meade, Morningside, Bay Point, and Little River, with a median income over $55,000. Dozens of great shopping and dining options allow for fresh options to choose from, and there are numerous family-friendly parks and public spaces, some of which are directly along Biscayne Bay. There are also top-rated schools and good public transportation running North to South and connecting nearby east and west. The list below shows some of the notable establishments in the district.

A Complete Neighborhood

> Guarapo Juice Bar & Cafe> YouFit Health Club> CVS Drugstore> Sabor Tropical Supermarket> NE 79th Street, a 10-minute drive to the beach> Triton Center > Painting with a Twist> FOH> Yao Animal Hospital> Ms. Cheezious> Vagabond Hotel> Doggie Bag Cafe & Pet Boutique> Buro MiMo - Shared Office Space> Nido Cafe> Flavorish Miami Bakery and Bistro> Doggi’s Arepa Bar> Julian Chang Boutique > Moshi Moshi> Oriental Doctor> Touch Doll Boutique> Jimmy’s Eastside Diner> King Motel> HIPERFIT Private Personal Training> Phuc Yea

> Dogma> Organic Bites> Baywood Park> Lo De Lea Argentinian Bites> Barmeli69> ViaVerdi> Red Salon> Chase Bank> UPS> Blue Collar> Balans> New Yorker Boutique Hotel> Upper East Side Farmer’s Market> Citi Bike Station: 680> Legion Park> Panther Coffee> Starbucks Coffee> Shalimar Motel> Eaton Park> Europa Cafe> Chevron> Cushman School> Cafe Roval> Andiamo! Brick Oven Pizza> Soyka

23 OFFERING


Development Potential

Existing Building

Example of potential building

Mixed-use Residential above Commercial

25 OFFERING



Example of potential building

Mixed-use Residential above Commercial

27 OFFERING



Existing Building

Example of potential buildingMixed-use Residential above Commercial

29 OFFERING


Biscayne Boulevard

71st Street

70th Street

This design maintains 71st Street as is, and builds a one-sto-ry structure on the four parcels to the South of 71st Street. The structure is 5,808 SF. An additional 1,916 SF of Mez-zanine space may be created, creating a total of 7,724 SF. 33 parking spaces are included, all setbacks are maintained. Large sidewalks surround the entire building, great for out-door seating.

Additionally, for a scheme with less parking and more built space, the area within the yellow dashed line shown below can be included as indoor space. This option creates 19 park-ing spaces, 7,936 SF of interior space, and the option of an additional mezzanine of 2,618 SF, totaling 10,554 SF.

Biscayne Boulevard

One story commercial building - Maintain 71st Street One story commercial building - Vacate 71st Street

Development Potential Development Potential

71st Street

70th Street

Existing building at 7101 Biscayne

6 additional parking spaces71st Street remains

Setbacks as-of-right5,808 SF building

27 parking spaces

This design vacates 71st Street, and builds a one-story structure on the four parcels to the South of 71st Street. The structure is 7,300 SF, an additional 2,409 SF of Mezzanine space may be created, creating a total of 9,709 SF. There are 22 parking spaces. The secondary setback on the north moves 25’, which would put the building at the edge of where the previous eastbound 71st street began. The building could potentially extend even farther north. Large sidewalks sur-round the entire building, great for outdoor seating. The va-cated space where 71st Street was can become a lush 2,961 SF garden area for a cafe, restaurant, courtyard or another amenity.


Add 6 additional parking spaces71st Street is vacated to create a lush 2,961 SF courtyard

Secondary setback on north facade moved 25’ 7,250 SF building

New entry16 parking spaces

SummaryHabitable SF: 5,808 - 7,724 Parking required: 0 spacesParking provided: 33 spaces

SummaryHabitable SF: 7,300 - 9,709Parking required: 0 spacesParking provided: 22 spaces

Dashed line of larger building option

SummaryHabitable SF: 7,936 - 10,554Parking required: 0 spacesParking provided: 20 spaces

31 OFFERING


Biscayne Boulevard

71st Street

70th Street

This design vacates 71st Street and builds a three-story structure on the four parcels to the South of 71st Street. The structure is 26,754 SF including 4,674 SF of commercial space, and 16,752 SF of sellable residential area. An addi-tional 1,626 SF of commercial mezzanine space may be add-ed, creating a total of 6,300 SF. 30 parking spaces are in-cluded. The secondary setback on the north moves 25’, which would put the building at the edge of where the previous eastbound 71st street began. The building could potentially extend even farther north. In the current layout, there are ten units per floor, five two-bedroom, two one-bedroom and two one-bedroom plus den.

Other options include using the same second and third-floor areas utilized as a hotel or office spaces.

Biscayne Boulevard

Mixed-use residential above commercial - Vacate 71st Street Mixed-use residential above commercial - Vacate 71st Street

Development Potential Development Potential

71st Street

70th Street


30 parking spaces71st Street is vacated to create a lush 2,961 SF courtyard

Secondary setback on north facade moved 25’ 4,674 - SF of commercial space

8,224 SF residential interior per floor

This design vacates 71st Street and builds a three-sto-ry structure on the four parcels to the South of 71st Street. The structure is 26,450 SF including 4,242 SF of commer-cial space, and 19,680 SF of sellable residential area. An additional 1,542 SF of commercial mezzanine space may be added, creating a total of 5,784 SF. 44 parking spaces are included. The secondary setback on the north moves 25’. The building could potentially extend even farther north. In the current layout, there are eleven units on the second floor, six two-bedroom, two one-bedroom, and two one-bedroom plus den. On the third floor is one three-bedroom unit, five two-bedroom units, two one-bedroom units and one one-bedroom plus den. This design is shown in the render-ings on pages 22 through 27.

Other options include using the same second and third-floor areas utilized as a hotel or office spaces.


44 parking spaces71st Street is vacated to create a lush 2,068 SF courtyard

Secondary setback on north facade moved 25’ 4,242 - 5,784 SF commercial

19,680 SF interior residential SF

SummaryCommercial SF: 4,674 - 6,300Residential SF: 16,752Residential units: 20 Parking required: 44 spacesParking provided: 44 spaces

SummaryCommercial SF: 4,242 - 5,784 Residential SF: 19,680Residential units: 20 Parking required: 43 spacesParking provided: 44 spaces

MIKA MATTINGLYExecutive Vice [email protected]+1 786 486 4391

AARON DEMAYOCommercial [email protected]+1 305 842 9330

Colliers International South Florida, LLC 801 Brickell Avenue | Miami, FL 33131

This document has been prepared by Colliers International for advertising and general infor-mation only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, war-ranties of content, accuracy and reliability. Any

interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2018. All rights reserved.

OFFERING PROCEDUREOffers should be submitted in the form of a standard non-binding Letter of Intent, which can be found on the Colliers International Document Center, and must specify the following:Price (Call for pricing guidance), Length of Inspection Period, Length of Closing Period, Amount of earnest money deposit at the execution of a Purchase and Sale Contract, and Amount of additional deposit upon expiration of Inspection Period.

THIS IS A CONFIDENTIAL MEMORANDUM intended solely for your limited use to determine whether you wish to express any further interest in the Property. This confidential memorandum contains brief, selected information about the business and affairs of the Property and has been prepared by Colliers International South Florida, LLC, primarily from information supplied by the Owner. Although representatives of the Owner have reviewed this confidential memorandum, it does not propose to be all-inclusive, nor does it contain all the information which a prospective purchaser may require or desire. Neither the Owner, nor any of its officers, directors, employees or agents, nor Colliers International South Florida, LLC, makes any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential memorandum or any of its contents, and no legal liability is assumed or is to be implied by any of the aforementioned with respect thereto. Prospective offers are advised to verify the information independently. The Owner reserves the right to change the price or any information in this Memorandum or to withdraw the Property from the market at any time, without notice. This confidential memorandum shall not be deemed an indication of the state of affairs of the Property or the Owner, nor shall it constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this memorandum. By your receipt of this confidential memorandum, you agree that the information contained herein is of a confidential nature and you will not disclose this memorandum or any part of the contents to any other person, firm or entity without prior authorization from Colliers International South Florida, LLC.

www.7101biscayne.com

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