O F F E R I N G M E M O R A N D U M

ASSET SOLUTIONS GROUP

600 NW 167 Street Miami, Florida 33101

Golden Glades

Interchange Facility

An excellent opportunity to acquire ±61,586-SF Building with exposure

from I95, FL Turnpike & Palmetto Expressway

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Golden Glades Interchange FacilityT A B L E O F C O N T E N T S

Offering Overview 3

Property Overview

Executive Summary 4

Property Photos 5

Plot Plan 6

Floor Plan BLDG #1 (east) 7

Floor Plan BLDG #2 (west) 8

Zoning 9

Corridors 10

Highway Counts 11

Transportation Routes 12

Area Overview

Regional Aerial 13

Market Summary 14

Transportation & Amenities 15

Disclosure 16

FROM Palmetto Expressway (826) Interchange: Exit onto east bound

NW 4th Ave. Turn right onto Seaboard Road heading south. Turn right at

167th Street. Property will be on the left.

FROM I95 NB: Exit onto 441 (7) westbound . Turn left at NW 7th Avenue.

Turn left at NW 4th Avenue. Turn right at 167th Street. Property will be on

the left.

directions

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Golden Glades Interchange Facility

Flagler Real Estate Services, LLC has been appointed as the exclusive

agent for the marketing and sale of Golden Glades Interchange Facility

located at 600 NW 167th Street in the City of Miami Gardens , Miami-

Dade County, Florida, 33169 (“Property”)

The Property is being offered on an “as-is, where-is” basis for the fee-

simple interest in the property.

The ± 61,586 SF property sits on over ±2.8 acres in the heart of the Golden

Glades Interchange. The site provides 360 degrees of unobstructed

views from I-95, US 441 (State Road 7), Palmetto Expressway (826), and

the Florida Turnpike. With a combined ±500,000 daily traffic count from

the four major thoroughfares, there is no property in South Florida with

higher visibility.

The Golden Glades Interchange Facility presents terrific opportunities for

an owner/user, investor, or a developer. With high exposure, below

market rents, and a variety of development options, the property

provides a myriad of ways to generate high returns.

An owner/user, with minimal build out, could occupy the building

displaying their company name and logo to nearly a quarter BILLION

people a year. Additionally, located inside the designated Enterprise

Zone, business owners are offered extensive incentives inclusive of

substantial tax benefits.

An investor has the ability to add value by stabilizing the property at

market rents with the potential for signage income. The space lends well

to both small and large tenants which would reduce the landlord’s lease

up risk.

Based upon the unparalleled exposure, economic incentives, and the

myriad of possible uses, the property has high redevelopment potential.

A property like this rarely comes to the market, and to better understand

the list of possible uses, please see page 6.

This property exudes promise and opportunity which should not be

passed up!!!

Cary Cohen

Senior Vice President

305.520.2311

Cary.Cohen@flaglerdev.com

O F F E R I N G O V E R V I E W

property inquiries and

toursInquiries and tour request should be

directed to the following:

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Golden Glades Interchange FacilityP R O P E R T Y O V E R V I E W

SALE PRICE: $7,113,680 ($140 PSF)

Folio:34-2113-000-0080, 34-2113-000-0190

Location:600 NW 167 StreetMiami, FL 33169

Property Type: Industrial Redevelopment

Year Built: 1971

Gross Building Area: ± 52,848 SF Building Plans

Property Appraiser Website:

± 50,812 SF

Building Plans: ± 61,586 total structure

Land Area: ±2.8 acres (±122,301 SF)

2014 Taxes: $ 18,321.9

Zoning: I-1 – Special Industrial

Ceiling: 16’ Clear

Rail : CSX

Loading Doors: 10 street-level

Parking Spaces: 1/1,000 SF

Metered Spaces: 7 bays metered for electric

E X E C U T I V E S U M M A R Y

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Golden Glades Interchange FacilityP R O P E R T Y O V E R V I E W P H O T O S

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Golden Glades Interchange FacilityP R O P E R T Y O V E R V I E W P l o t P l a n

• Building 1 = ±20,296 SF

• Building 2 = ±30,352 SF

• Outside Area = ±8,738 SF

• Added Warehouse = ±2,200 SF

20,296 SF

30,352 SF

8,738 SF

2,200 SF

Measurements :

Total Bldg. = ±52,848 SFTotal Structure = ±61,586 Sf

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Golden Glades Interchange FacilityP R O P E R T Y O V E R V I E W F l o o r s P l a n s – 1 s t B L D G

1st

FL

2nd

FL

Stairs

180 SF

Stairs

180 SF

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Golden Glades Interchange Facility

The first floor offers 7 Bays at ±2,000 SF each with street access and 16’ ceilings.

1st Floor: ± 15,476 SF

(10’-12’ overhead metal roll up door)

Total = ± 30,352 SF 2nd Floor :±15,476 SF

F l o o r s P l a n s - 2 n d B L D GP R O P E R T Y O V E R V I E W

1st

FL

2nd

FL

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Golden Glades Interchange FacilityZ o n i n g

Current Zoning Approval ( l-1) Industrial District, Light

Maximum Height: 55 feet

Maximum Lot Coverage: 90% of total area – includes buildings, driveways, sidewalks, and swimming pools

Floor Area Requirement: .50

Parking Requirement: 1 parking spot per 300 sq. ft. of commercialspace and 3 parking spots per every retail unit

Permitted Uses: L-1 Industrial District, Light. Provides for a wide range of land uses including : Hotel, Motel, Child Care Facilities, Education Facility, Public Park, Car Wash, Rental (automobile or truck), Fueling Station, Vehicle repair, Sports Fields, Adult Entertainment, Restaurant, Place of assembly, Funeral home, Retail, Medical, Wireless Antennas, Self-Storage, and Industrial (light or heavy).

Signage :

Monument signs Height, 20 feet with 200 SF maximum, , two signs permitted

Wall Signs One wall sign per building façade with frontage on right-of-way

Billboard All billboards shall be approved by public hearing from that municipality it is located in. Additionally, all billboards require calculations and a registered engineer’s seal

Rendering for self-storage facility

*Billboard , referred to as Class “C” signs in the Miami-Dade County Code of Ordinances.

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

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Golden Glades Interchange FacilityF o u r M a j o r C o r r i d o r sP R O P E R T Y O V E R V I E W

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Golden Glades Interchange FacilityP R O P E R T Y O V E R V I E W H i g h w a y D a i l y T r a f f i c C o u n t s

65,679*

197,264*

42,124*

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Golden Glades Interchange FacilityT r a n s p o r t a t i o n R o u t e sA R E A O V E R V I E W

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Golden Glades Interchange FacilityA R E A O V E R V I E W N e i g h b o r i n g B u s i n e s s

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Golden Glades Interchange Facility

The Golden Glades Interchange Facility is located in the City of Miami

Gardens that is centrally located in northern Miami-Dade County, Miami

Gardens is the county’s third largest city, with a population of 111,378.

Enterprise Zone DesignationThe Golden Glades Interchange Facility is located within a Federal

designated Enterprise Zone. The City of Miami Gardens promotes and

supports businesses on incentives offered through this program to boost

economic revitalization. City’s Community Development Department is the

designated department to coordinate with business under this program.

Commerce DesignationThe Commerce designation zone encompasses 2,686 acres allowing for

mixed-use, primarily commercial industrial uses but with some medium to

high density residential use, also. The three transportation corridors are NW

27th Avenue Corridor, Palmetto Expressway Corridor, and State Road 7 (US

441) Corridor. The emphasis is on development and redevelopment in the

city’s comprehensive master plans future land use plan (CDMP). The

Golden Glades Interchange Facility is located within two of the three major

transportation corridors. See map below.

newareadevelopment

The submarket in which the Golden Glades Interchange Facility is located

in is going through a new, development cycle. The recently incorporated

City of Miami Gardens has proved to be “business friendly”, and has

attracted a number of large locale tenants and owners: Mercedes Benz of

Miami, Floor and décor, City Furniture and Rooms to Go. Walmart has just

opened a new neighborhood market a few blocks to the north of the

property. Jackson Hospital opened a North Campus just to the east of the

interchange.

MIAMI-DADE COUNTY – LARGEST PRIVATE EMPLOYERS

COMPANY

NAME CITY EMPLOYEES TYPE OF BUSINESS

University of

Miami

Coral Gables 16,000 University

Baptist Health

South Florida

Various 13,376 Hospital

Publix Super

Markets

Various 10,800 Supermarkets

American

Airlines

Coral Gables 9,000 Airlines

Alorica Miami Gardens 5,000 Commercial Services

M A R K E T S U M M A R YA R E A O V E R V I E W

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Golden Glades Interchange Facility

access/transportation

The Golden Glades Interchange Facility is conveniently located

between numerous transportation corridors that provide convenient

access throughout South Florida.

Interstate 95, located east of the property is the major north-south

expressway in South Florida. The interstate runs north from Miami to the

major metro areas of the Northeastern United States.

The Palmetto Expressway is Miami’s western expressway bypass and

connects the western and southern suburbs to Interstates 75 and 95. It

serves to alleviate congestion from Interstate 95 and provides direct

connections to other freeway bypasses in the region, including the

Dolphin Expressway and the Homestead Extension of the Florida

Turnpike.

Florida’s Turnpike, is a north-south toll road that runs through 11 counties

in the Florida peninsula. The turnpike itself is in two sections both in route

from the Golden Glades Interchange.

Route 441 (State Road 7) , located east of the property is a major north-

south throughway in South Florida. Route 441 runs north from Miami to

the major metro areas of the Northeastern United States.

nearbyamenities

Miami International Airport - located 14 miles (21 km) south of the property

via the Palmetto Expressway. In passenger traffic, the airport is ranked 25th

in the world and serves more than 38 million passengers annually. Due to its

strategic location, it is the largest gateway between the United States and

Latin America, and is a major hub for American Airlines. It is also a major

cargo hub for FedEx, UPS, and LAN Cargo. (www.miami-airport.com/)

Fort Lauderdale-Hollywood International Airport– Located 16 miles (25.7 KM)

north of the property via I95. In passenger traffic, the airport is ranked 21st in

the United States and serves ±23 million passengers annually. It is the largest

base for Spirit Airlines, catering to the airline’s international domestic

network. (www.fortlauderdaleinternationalairport.com). In 2020 Ft.

Lauderdale-Hollywood is projected to handle 36 million passengers

annually.

Port of Miami is located 13 miles (20 km) southeast of the property. It is

Miami-Dade County’s largest seaport and internationally recognized as the

“Cargo Gateway of the Americas”. The port handles over 7.42 million tons

of cargo annually in its world-class intermodal container facility. The recently

completed Port Tunnel allows container trucks direct freeway access to the

port from Interstate 395. (www.miamidade.gov/portmiami/)

Port Everglades – located 16 miles (25.7 KM) north of the property via I95.

Port Everglades is South Florida’s “powerhouse port” and one of the most

diverse seaports in the United States. Located on the southeast coast of the

Florida peninsula, Port Everglades is one of the top three cruise ports in the

world, is among the most active containerized cargo ports in the United

States and South Florida’s main seaport for petroleum products such as

gasoline and jet fuel. (www.porteverglades.net/)

T R A N S P O R T A T I O N & A M E N I T I E SA R E A O V E R V I E W

Miami International Airport

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Golden Glades Interchange Facility

Flagler Real Estate Services, Inc (“FRES”) has been retained asexclusive real estate agent on behalf of Lucius G Whatley TR & MaryN Whatley TR. (“Owner”) regarding the sale of the Golden GladesInterchange Facility, an industrial warehouse located at 600 NW 167Street in the City of Miami Gardens of Miami-Dade County, Florida(“Property”).

This confidential Offering Memorandum was prepared by FRES, andhas been reviewed by Owner. It contains selected informationpertaining to the Property and does not purport to be all-inclusive,nor to contain all the information that a prospective purchaser maydesire. All financial projections are provided for general referencepurposes only and are based on assumptions relating to the generaleconomy, competition and other factors that, therefore, are subjectto material change or variation. An opportunity to inspect theProperty will be made available to qualified prospective purchasers.

Sources of information contained within this Offering Memoranduminclude, but are not limited to: the Beacon Council, CoStar, FloridaDepartment of Labor, and the US Census Bureau.

In this Offering Memorandum, certain documents including leasesand other materials, are described in summary form and do notpurport to be complete, nor necessarily accurate, descriptions of thefull agreements involved, nor do they constitute a legal analysis ofsuch document. Interested parties are expected to independentlyreview all documents.

This Offering Memorandum is subject to prior placement, errors,omissions, changes or withdrawal without notice and does notconstitute a recommendation, endorsement, or advice as to thevalue of the Property by FRES or the Owner. Each prospectivepurchaser is to rely upon its own investigation, evaluation andjudgment as to the advisability of purchasing the Property describedherein.

The Owner expressly reserves the right, at its sole discretion, to rejectany or all expressions of interest or offers to purchase the Property

and/or terminate discussions with any party at any time with orwithout notice. Owner shall have no legal commitment or obligationto any purchaser reviewing this Offering Memorandum or making anoffer to purchase the Property unless a written agreement for thepurchase of the Property has been fully executed, delivered, andapproved by the Owner and any conditions to Owner’s obligationsthereunder have been satisfied or waived. FRES is not authorized tomake any representations or agreements on behalf of Owner.

This Offering Memorandum is-the property of FRES and may be usedonly by parties approved by FRES. The Property is privately offeredand by accepting this Offering Memorandum, the party in possessionhereof agrees that this Offering Memorandum and its contents are ofa confidential nature and will be held and treated in the strictestconfidence. No portion of this Offering Memorandum may becopied or otherwise reproduced or disclosed to anyone without theprior written authorization of FRES and Owner. The terms andconditions set forth apply to this Offering Memorandum in its entirety.

D I S C L O S U R E

Port of Miami

MIAMI-DADE COUNTY2855 LeJeune Road

4th FloorCoral Gables, Florida 33134305.520.2300

BROWARD COUNTY515 E. Las Olas BoulevardSuite 400Ft. Lauderdale, Florida 33301954.903.1797

PALM BEACH COUNTY1875 NW Corporate BoulevardSuite 280Boca Raton, Florida 33431561.443.5550

C A R Y C O H E N

305.520.2311

Cary.Cohen@flaglerdev.com

investment contact:

D a v i d M a g g a r d

305.520.2453

David.Maggard@flaglerdev.com