BLANCACRE.COM

A rare opportunity to acquire +/- 3.93 acres of land with unparalleled frontage onto the Dolphin Expressway and Miami International Airport

OFFERING MEMORANDUM

Perimeter Road Development Site

Miami, Florida

INDEX

▪ Executive Summary

▪ Property Summary

▪ Survey

▪ Zoning

▪ Investment Highlights

▪ Site Photos

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 30-3035-000-0192, 30-3035-000-0193, and 30-3035-000-0011. Located on NW 12th 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 +/- 3.93 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 1990.

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.

PROPERTY SUMMARYPROPERTY SUMMARY

SALE TYPE Fee Simple Interest

PROPERTY TYPE Vacant Commercial Land / Development Site

LOCATIONAdjacent to Miami International Airport, on Perimeter Road in Miami FL 33126

PARCEL ID’s Folios # 30-3035-000-0192 # 30-3035-000-0193 # 30-3035-000-0011

SITE AREA +/- 171,412 SF of Land

ACRES +/- 3.93 acres

2016 RE TAX $27,743.40

ZONING I U - 2

PERMITTED USESIncludes: Hotel, Office, Industrial Warehouse, Cold Storage, Licensed Pharmaceutical Storage

FRONTAGE +/- 300 Linear Feet on each of : Perimeter Road & Dolphin Expwy SR-836

TRAFFIC COUNT

200,000 vehicles per day ( Dolphin Expwy SR-836 )

430,000 vehicles per day ( re- interchange of Dolphin Expwy SR-836 & Palmetto Expwy SR-826)

SURVEY

ZONING

PERMITTED USES INCLUDE :

HEAVY INDUSTRIAL MANUFACTURING HOTEL

LIGHT INDUSTRIAL MANUFACTURING OFFICE

WHOLESALE DISTRIBUTION FACILITIES WAREHOUSING & STORAGE

LICENSED PHARMACEUTICAL

STORAGEWHOLESALE SHOWROOM

RESTAURANTS PARKING LOTS

COMMUTER COLLEGE/ UNIVERSITY BREWERY

InvestmentHighlights

4

SOLID OFFICE MARKET

INVESTMENT HIGHLIGHTS

STRATEGIC LOCATION

1LOCATION 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.

INVESTMENT HIGHLIGHTS

COMPELLING INDUSTRIAL PROFILE

2

Airport/ Doral Sub-Market Dominates Miami-Dade County’s Industrial Metrics

INVESTMENT HIGHLIGHTS

COMPELLING INDUSTRIAL PROFILE

2

MIA Total Annual International Air Freight

Ranked #1 USA

Ranked #10 Global

Annual Air Trade Between USA & LATAM

83 % of all Imports to USA handled by MIA

79 % of all Exports from USA handled by MIA

Miami International Airport Cargo Statistics

MIA Annual Air Trade Via LATAM / Value

MIA / LATAM Air Trade Value $ 40.7 billion

Brazil $ 10.8 billionColombia $ 5.2 billionChile $ 3.3 billionPeru $ 2.7 billion Argentina $ 2.5 billionSub-Total / Top Countries : $ 24.5 billion

All Other LATAM Regions : $ 16.2 billionGrand Total : $ 40.7 billion

MIA Total Annual Air Trade Value

MIA Total Air Trade Value $ 57.3 billion

South America $ 29.5 billionCentral America $ 4.4 billionCaribbean $ 6.8 billionLATAM Total : $ 40.7 billion

Europe $ 11.4 billionAll Other $ 5.2 billionGrand Total : $ 57.3 billion

INVESTMENT HIGHLIGHTS

COMPELLING INDUSTRIAL PROFILE

2

MIA Is the Key Staging Point For All Flowers,

Fish, Fruit & Vegetables Imported Into The USA:

USA Imports Annual Tons MIA Cargo Share

Flowers 241,049 89 %

Fruit & Vegetables 228,212 67 %

Fish 352,564 50 %

All Perishables : 65 %

Subject Property is the perfect site for

development of a cold storage warehouse

catering to the perishables trade

INVESTMENT HIGHLIGHTS

COMPELLING INDUSTRIAL PROFILE

2

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 2016

140 % Growth from 2010 to 2016

MIA Designation As “Pharma Freight Hub”

1st USA Airport to be certified as such by IATA,

and only 2nd 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

COMPELLING INDUSTRIAL PROFILE

2 MIA engages The Cargo Community in the IATA CEIV Pharma Certification Program in

order to prepare logistics providers to become experts on the proper handling of sensitive

pharma products shipped by air.

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.

INVESTMENT HIGHLIGHTS

COMPELLING INDUSTRIAL PROFILE

2 MIA is a Founding Member of Pharma.Aero

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 )

4 8 . 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 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 2 0 1 3 , 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%

0 - 999 RSF6%

1,000 - 1,999 RSF20%

2,000 - 2,999 RSF16%

3,000 - 3,999 RSF8%

4,000 - 4,999 RSF1%

5,000 - 7,499 RSF11%

7,500 - 9,999 RSF14%

10,000 - 19,999 RSF16%

20,000+ RSF8%

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

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 8 0 0

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 + / - 2 4 6 , 0 8 5 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 .

3 9 . 8 % 5 4 . 3 %

INVESTMENT HIGHLIGHTS

INVESTMENT HIGHLIGHTS

STRONG HOTEL STATISTICS

4

Greater Miami Convention & Visitors Bureau HOTEL Statistics :

2016 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

Subject Property

is a strong site for

development of a

Hotel, based on

the performance

of the consistent

performance of

MIA’s airport

market .

SITE PHOTOS

SITE PHOTOS