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Oakland Park Warehouse4630 Northwest 8th Terrace | Oakland Park, FL 33309

JOHN DEMARCO, ACP, [email protected]

7.5% Pro-Forma Capitalization Rate➢

Perfect for an owner-occupant or investor➢

Liberal I-1 zoning permits most industrial uses, distribution and lightmanufacturing

➢

RE/MAX 5 STAR REALTY4151 Hollywood BlvdHollywood, FL 33020(954) 361-0000www.DeMarcoGroup.com

INVESTMENT DETAILS4630 Northwest 8th Terrace | Oakland Park, FL 33309

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

ANALYSIS

Analysis Date December 2018

PROPERTY

Property Oakland Park Warehouse

Property Address 4630 Northwest 8th TerraceOakland Park, FL 33309

Year Built 1973

FINANCIAL INFORMATION

All Cash

PURCHASE INFORMATION

Property Type Industrial

Purchase Price $549,000

Tenants 2

Total Rentable Sq. Ft. 3,172

LOANS

Type Debt Term Amortization Rate Payment LO Costs

All Cash

INCOME & EXPENSES

Gross Operating Income $17,808

Monthly GOI $1,484

Total Annual Expenses ($6,684)

Monthly Expenses ($557)

P. 2

EXECUTIVE SUMMARY4630 Northwest 8th Terrace | Oakland Park, FL 33309


Acquisition Costs

Purchase Price, Points and Closing Costs $549,000

Investment - Cash $0

Investment Information

Purchase Price $549,000

Price per Tenant $274,500

Price per Sq. Ft. $173.08

Income, Expenses & Cash Flow

Gross Scheduled Income $17,808

Total Vacancy and Credits $0

Operating Expenses ($6,684)

Net Operating Income $11,124

Debt Service $0

Cash Flow Before Taxes $11,124

Financial Indicators

Debt Coverage Ratio N/A

Capitalization Rate 2.03%

Gross Income / Square Feet $5.61

Gross Expenses / Square Feet ($2.11)

Operating Expense Ratio 37.53%

P. 3

PRO FORMA SUMMARY4630 Northwest 8th Terrace | Oakland Park, FL 33309


TENANT ANNUAL SCHEDULED INCOME

Tenant Actual Market $8,904 $20,618$8,904 $20,618

TOTALS $17,808 $41,236

ANNUALIZED INCOME Description Actual Market

Gross Potential Rent $17,808 $41,236Less: Vacancy $0 $0Effective Gross Income $17,808 $41,236Less: Expenses ($6,684) $0Net Operating Income $11,124 $41,236

ANNUALIZED EXPENSES Description Actual Market

Building Insurance $2,000 $0Taxes - Real Estate $4,684 $0Total Expenses $6,684 $0Expenses Per RSF $2.11 $0.00

INVESTMENT SUMMARY

Price: $549,000

Year Built: 1973

Tenants: 2

RSF: 3,172

Price/RSF: $173.08

Lot Size: 4,972 sf

Floors: 1

APN: 49421510019

Cap Rate: 2.03%

Market Cap Rate: 7.51%

P. 4

PROPERTY DESCRIPTION4630 Northwest 8th Terrace | Oakland Park, FL 33309


John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of 4630 NW 8th Terrace Oakland ParkFlorida. The subject property consists of 3,172 square feet of leasable space well situated on a 5,000 sf lot. Property islocated in close proximity to I-95 and the Florida Turnpike. True industrial I-1 zoning permits most uses. This property is well maintained, and it is currently occupied by 2 tenants. The tenants are paying $742.00 a montheach. Both long terms tenants are on month to month leases and paying below market rents. This property worksperfect for an owner user that needs to use 1586 sf or 3172 sf.

An investor purchaser can re-tenant this property after closing bringing rents to market rates. Market rent in this areais $13 a square foot net. This new rent will produce $41,236 per year in net income providing a capitalization rate of7.5% on a pro-forma basis.

Please remember to not disturb the existing tenants, all showings are by appointment only. Call listing broker foradditional information.

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PROPERTY PHOTOS4630 Northwest 8th Terrace | Oakland Park, FL 33309


P. 6

MAPS AND AERIALS4630 Northwest 8th Terrace | Oakland Park, FL 33309

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

P. 7

MAPS AND AERIALS4630 Northwest 8th Terrace | Oakland Park, FL 33309


P. 8

LOCATION MAP4630 Northwest 8th Terrace | Oakland Park, FL 33309


P. 9

DEMOGRAPHICS4630 Northwest 8th Terrace | Oakland Park, FL 33309


Population 1 Mile 3 Mile 5 Mile

Male 8,221 (51.64 %) 60,228 (50.52 %) 180,498 (49.11 %)

Female 7,698 (48.36 %) 58,979 (49.48 %) 187,070 (50.89 %)

Total Population 15,919 119,207 367,568

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 787 (4.94 %) 5,555 (4.66 %) 18,321 (4.98 %)

Ages 5-9 1,016 (6.38 %) 7,057 (5.92 %) 22,703 (6.18 %)

Ages 10-14 953 (5.99 %) 6,575 (5.52 %) 21,032 (6.18 %)

Ages 15-19 951 (5.97 %) 6,364 (5.34 %) 20,217 (5.50 %)

Ages 20-24 986 (6.19 %) 6,464 (5.42 %) 20,459 (5.57 %)

Ages 25-29 1,002 (6.29 %) 6,605 (5.54 %) 20,663 (5.62 %)

Ages 30-34 989 (6.21 %) 6,783 (5.69 %) 21,131 (5.75 %)

Ages 35-39 1,060 (6.66 %) 7,421 (6.23 %) 22,343 (6.08 %)

Ages 40-44 1,227 (7.71 %) 8,421 (7.06 %) 24,351 (6.62 %)

Ages 45-49 1,351 (8.49 %) 9,370 (7.86 %) 26,429 (7.19 %)

Ages 50-54 1,352 (8.49 %) 9,486 (7.96 %) 26,326 (7.16 %)

Ages 55-59 1,197 (7.52 %) 8,931 (7.49 %) 24,896 (6.77 %)

Ages 60-64 967 (6.07 %) 7,734 (6.49 %) 22,147 (6.03 %)

Ages 65-69 716 (4.50 %) 6,265 (5.26 %) 18,852 (5.13 %)

Ages 70-74 513 (3.22 %) 4,876 (4.09 %) 15,580 (4.24 %)

Ages 75-79 324 (2.04 %) 3,613 (3.03 %) 12,525 (3.41 %)

Ages 80-84 188 (1.18 %) 2,581 (2.17 %) 9,699 (2.64 %)

Ages 85+ 340 (2.14 %) 5,106 (4.28 %) 19,894 (5.41 %)

P. 10

DEMOGRAPHICS4630 Northwest 8th Terrace | Oakland Park, FL 33309


Household Income 1 Mile 3 Mile 5 Mile

Median Income $48,887 $49,631 $44,948

Less than $10,000 528 4,094 14,383

$10,000 -$14,999 198 2,866 9,871

$15,000 - $19,999 297 2,801 9,839

$20,000 -$24,999 404 3,082 10,626

$25,000 - $29,999 474 3,202 10,478

$30,000 - $34,999 272 3,367 10,033

$35,000 - $39,999 516 2,808 8,410

$40,000 - $44,999 348 3,357 8,992

$45,000 - $49,999 360 2,685 7,481

$50,000 - $59,999 388 3,976 12,255

$60,000 - $74,999 794 5,524 15,585

$75,000 - $99,999 591 5,289 15,567

$100,000 - $124,999 441 3,037 7,970

$125,000 - $149,999 259 1,991 4,845

$150,000 - $199,999 170 1,699 5,091

Greater than $200,000 71 1,426 5,371

Housing 1 Mile 3 Mile 5 Mile

Housing Units 6,897 63,234 199,635

Occupied Units 6,230 53,618 161,288

Owner Occupied Units 3,986 30,540 91,343

Renter Occupied Units 2,244 23,078 69,945

Vacant Units 667 9,616 38,347

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 10,598 70,820 180,070

Population Black 3,659 40,386 167,135

Population Am In/Ak Nat 3 20 132

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COMPARABLE LEASES4630 Northwest 8th Terrace | Oakland Park, FL 33309


Lease Comps SummaryLease Comps Report

Deals

12Asking Rent Per SF

$14.43Starting Rent Per SF

$14.65Avg. Months On Market

5LEASE COMPARABLES

SUMMARY STATISTICS

Rent Deals Low Average Median High

Asking Rent Per SF

Starting Rent Per SF

Effective Rent Per SF

Asking Rent Discount

TI Allowance

Months Free Rent

12

3

2

3

-

1

$12.00

$13.40

$13.63

-29.3%

-

0

$14.43

$14.65

$14.58

-6.2%

-

0

$14.35

$15.00

$14.58

0.0%

-

0

6.3%

-

0

$16.44

$15.52

$15.52

Lease Attributes Deals Low Average Median High

Months on Market

Deal Size

Lease Deal in Years

Floor Number

12

12

6

12

1

250

12.0

1

5

1,280

28.0

1

4

1,673

24.0

1 1

11

2,500

48.0

12/11/2018Copyrighted report licensed to RE/MAX 5 Star Realty - 995182.

Page 1

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Lease Comps SummaryLease Comps Report

Property Name - Address Rating SF Leased Floor Sign Date Rent Rent Type

Lease

Type

Rents

-1 1525 NW 3rd St1,668 1st 12/7/2018 $13.78/ig AskingNew

-2 Andrews Commercial Ce…1,680 1st 10/1/2018 $13.63/mg Effective

2050 N Andrews AveNew

-2 Andrews Commercial Ce…1,840 1st 9/10/2018 $15.00/ig Starting

2050 N Andrews AveNew

-3 Bathroom World Mfg Co1,700 1st 8/20/2018 $15.00/+util Asking

3569 NW 10th AveNew

-4 810 NW 10th Ter1,500 1st 8/11/2018 $16.44/fs AskingNew

-3 Bathroom World Mfg Co1,700 1st 8/1/2018 $15.52/ig Effective

3569 NW 10th AveNew

-3 Bathroom World Mfg Co2,500 1st 7/2/2018 $15.00/ig Asking

3569 NW 10th AveNew

-5 1051 NW 53rd St250 1st 6/6/2018 $14.40/+elec AskingNew

-5 1051 NW 53rd St250 1st 2/23/2018 $14.40/+elec AskingNew

-6 Pine Ridge Park300 1st 1/29/2018 $14.00/ig Asking

1081-1087 NW 53rd StNew

-6 Pine Ridge Park300 1st 1/29/2018 $14.00/ig Asking

1081-1087 NW 53rd StNew

-7 Bldg 4&51,678 1st 1/8/2018 $15.01/fs Asking

1639-1661 W Mcnab RdNew


Page 2

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Asking Rent Per SF

$14.43Starting Rent Per SF

$14.65Effective Rent Per SF

$14.58Avg. Months Free Rent

-DEALS BY ASKING, STARTING AND EFFECTIVE RENT

DEALS BY MONTHS FREE RENTDEALS BY ASKING RENT DISCOUNT


Page 16

P. 14



Deerfield Beach, FL 33442 - Northeast Broward Ind Submarket

1,668 SF Industrial Lease Signed Dec 2018 for $13.78 Industrial Gross (Asking)

1525 NW 3rd St - 1st Floor Direct

1

Asking Rent: Start Date: Free Rent: Deal Type: Property Type:

Starting Rent: Term: Escalations: On Market: Building Area:

Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:

Landlord:

Tenant SIC:

Lease Notes:

$13.78/IG Jan 2019 New Lease Flex Class B

10 Mos 42,968 SF

Mar 1998/

Scott Properties

ID# 160650081

Office Area: Dock/Drive In: Parking Ratio: 5.12/1,000 SF

Pompano Beach, FL 33069 - Pompano Beach Ind Submarket

1,680 SF Industrial Lease Signed Oct 2018 for $13.63 Modified Gross (Effective)

2050 N Andrews Ave - 1st Floor Direct, Leased by Odd Breed Wild Ales

2




Landlord:

Tenant SIC:

Lease Notes:

$14.30/MG Oct 2018 0 Mos New Lease Industrial Class B

$13.40/MG 2 Years Steps 11 Mos 23,625 SF

$13.63/MG Oct 2020 Full Build-Out 2001/

Florida Department of Transpor…

Malt Beverages

ID# 159588281

Office Area: Dock/Drive In: No/1 Parking Ratio: 2.70/1,000 SF


1,840 SF Industrial Lease Signed Sep 2018 for $15.00 Industrial Gross (Starting)

2050 N Andrews Ave - 1st Floor Direct

3




Landlord:

Tenant SIC:

Lease Notes:

$15.00/IG Oct 2018 New Lease Industrial Class B

$15.00/IG 2 Years 10 Mos 23,625 SF

Oct 2020 Full Build-Out 2001/

Florida Department of Transpor…

ID# 159023151


Lease Comparables

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182.Page 1Page 1

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Oakland Park, FL 33309 - Central Broward Ind Submarket

1,700 SF Industrial Lease Signed Aug 2018 for $15.00 Plus All Utilities (Asking)

3569 NW 10th Ave - 1st Floor Direct

4




Landlord:

Tenant SIC:

Lease Notes:

$13.00-$15.00… Aug 2018 New Lease Industrial Class C

1 Year 0 Mos 7,000 SF

Aug 2019 1967/

Bathroom World Manufacturin…

ID# 158347061

Office Area: Dock/Drive In: /2 Parking Ratio: 1.14/1,000 SF

Fort Lauderdale, FL 33311 - Central Broward Ind Submarket

1,500 SF Industrial Lease Signed Aug 2018 for $16.44 Full Service Gross (Asking)

810 NW 10th Ter - 1st Floor Direct

5




Landlord:

Tenant SIC:

Lease Notes:

$16.44/FS Sep 2018 New Lease Industrial Class B

5 Mos 6,000 SF

Partial Build… 1959/

The Eire Companies

ID# 158143501

Office Area: Dock/Drive In: /1 Parking Ratio:


1,700 SF Industrial Lease Signed Aug 2018 for $15.52 Industrial Gross (Effective)


6




Landlord:

Tenant SIC:

Lease Notes:

$12.00/IG Aug 2018 New Lease Industrial Class C

$15.52/IG 4 Years 1 Mo 7,000 SF

$15.52/IG Jul 2022 1967/


ID# 157847701


Lease Comparables


P. 16




2,500 SF Industrial Lease Signed Jul 2018 for $15.00 Industrial Gross (Asking)


7




Landlord:

Tenant SIC:

Lease Notes:

$15.00/IG Aug 2018 New Lease Industrial Class C

2 Years 2 Mos 7,000 SF

Jul 2020 1967/


ID# 157052151



250 SF Industrial Lease Signed Jun 2018 for $14.40 Plus Electric (Asking)


8




Landlord:

Tenant SIC:

Lease Notes:

$14.40/+ELEC Jul 2018 New Lease Industrial Class C

4 Mos 3,743 SF

1973/

Roger Israels

ID# 156421831



250 SF Industrial Lease Signed Feb 2018 for $14.40 Plus Electric (Asking)


9




Landlord:

Tenant SIC:

Lease Notes:

$14.40/+ELEC Mar 2018 New Lease Industrial Class C

2 Mos 3,743 SF

1973/

Roger Israels

ID# 148863711


Lease Comparables


P. 17




300 SF Industrial Lease Signed Jan 2018 for $14.00 Industrial Gross (Asking)

1081-1087 NW 53rd St - 1st Floor Direct

10




Landlord:

Tenant SIC:

Lease Notes:

$14.00/IG Feb 2018 New Lease Industrial Class C

4 Mos 7,250 SF

1973/

Levy Realty Advisors, Inc.

ID# 142321321



300 SF Industrial Lease Signed Jan 2018 for $14.00 Industrial Gross (Asking)

1081-1087 NW 53rd St - 1st Floor Direct

11




Landlord:

Tenant SIC:

Lease Notes:

$14.00/IG Feb 2018 New Lease Industrial Class C

1 Mo 7,250 SF

1973/

Levy Realty Advisors, Inc.

ID# 142321331



1,678 SF Industrial Lease Signed Jan 2018 for $15.01 Full Service Gross (Asking)

1639-1661 W Mcnab Rd - 1st Floor Direct

12




Landlord:

Tenant SIC:

Lease Notes:

$15.01/FS Feb 2018 New Lease Industrial Class C

3 Years 7 Mos 19,934 SF

1999/2017

Mcnab Realty Llc

ID# 138017991


Lease Comparables


P. 18

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