Sale Brochure (L)...LinkedIn. DWNTWNRealtyAdvisors Instagram. DWNTWNRealtyAdvisors DWNTWN REALTY...
25
WORLD CLASS LINCOLN ROAD RETAIL 663-667 Lincoln Road, Miami Beach, FL 33139 FOR SALE
Transcript of Sale Brochure (L)...LinkedIn. DWNTWNRealtyAdvisors Instagram. DWNTWNRealtyAdvisors DWNTWN REALTY...
WORLD CLASS LINCOLN ROAD RETAIL663-667 Lincoln Road, Miami Beach, FL 33139
FOR SALE
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 2
OPPORTUNITY OVERVIEWDWNTWN Realty Advisors has retained on an exclusive basis to arrange the sale of 663-667 Lincoln Road. Lincoln Road is one ofthe world's most iconic pedestrian boulevards with over 14 Million visitors and daily footfall between 36k and 80k. 1 Mile and 8Blocks of outdoor retail, entertainment, and culture including over 74 restaurants and 344 businesses. This asset represents avalue add opportunity with quality returns on one of the world's main pedestrian streets.
PROPERTY HIGHLIGHTS• Value Add Retail With In-Place Cash Flow
• Above Market Pro-Forma Returns
• Lincoln Road is experiencing a revival after a market adjustment
• Iconic retail within the center of Lincoln Road
OFFERING SUMMARY
Sale Price: $17,500,000
Price / SF: $3,509
Property Size 4,986 SF
In Place NOI $821,370
In Place Cap Rate: 4.69%
Stabilized Cap Rate: 6.91% - 7.46%
Occupancy 54%
Units 3
Vacancy: 1 Unit 2,269 SF
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
EXECUTIVE SUMMARYWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 3
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
RETAIL SPACESWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 4
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
AERIAL CONTEXTWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 5
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
FLOOR PLANWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 6
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
RETAILER MAPSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 8
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
Web. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 9
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
LINCOLN ROAD DEVELOPMENT PLANWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 10
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
Web. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 11
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
Web. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 12
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
Web. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 13
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
Web. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 14
663-667 Lincoln Road, Miami Beach, FL 33139
Web. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 15
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
Web. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 16
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
ADDITIONAL PHOTOSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 17
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
ADDITIONAL PHOTOSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 18
ABOUT
In 1996, Pizza Rustica opened its doors on the corner of 9th Street and Washington inMiami Beach, Florida. Customers were lured in by the aroma of fresh pizzas baking. Theyhad never seen these Roman-style rectangular pans of pizza with so many unique qualitytoppings. Word began to spread among locals and tourists alike that Pizza Rustica wasthe place where everyone loved to come and enjoy fast and affordable handcrafted pizza.Walk in today and it’s easy to see that everyone feels welcomed at Pizza Rustica. Somecustomers grab a slice on the run while others stay to enjoy Pizza Rustica’s high-energyvibe and colorful crowd. Pizza Rustica is chef-driven and locally owned. We respect ourcustomers and don’t ask them to break their budget for high quality pizza. Pizza Rusticahas been recognized in publications such as the Miami Herald, Boston Globe and NewYork Times, and has won numerous prestigious local and national awards year after year.
WEBSITE
https://pizza-rustica.com/
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
TENANT PROFILEWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 19
ABOUT
Häagen-Dazs is an ice cream company founded in 1961 by Reuben and Rose Mattus, twoJewish-Polish immigrants, in the Bronx, New York. Starting out with only selling threeflavors; vanilla, chocolate, and coffee, the two opened their first retail store in Brooklyn,New York, on November 15th, 1976. Later, with great success, the company offeredfranchises throughout 55 countries, including all of the permanent members of theSecurity Council of the United Nations. For more than 50 years, our passion for craftingthe perfect flavors and creamiest textures using only the finest ingredients is what hasset the Häagen-Dazs® brand apart. We’ve never wavered on the principles that made uswho we are from the very beginning. Today, the Häagen-Dazs® brand continues totransform the finest ingredients into extraordinary experiences bite by bite.
WEBSITE
https://www.haagendazs.us/
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
TENANT PROFILEWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 20
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
LEASE COMPSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 21
SUBJECT PROPERTY
663-667 Lincoln Road | Miami Beach, FL 33139
$17,500,000Sale Price: 0.14 ACLot Size:
1935Year Built: 5,000 SFBuilding SF:
$3500.00Price PSF:
1
943-947 LINCOLN ROAD
Miami Beach, FL 33139
$25,650,000Sale Price: 7,590 SFLot Size:
7,590 SFBuilding SF: $3,379.45Price PSF:
03/05/2018Closed:
1
2
1001-1045 LINCOLN ROAD
Miami Beach, FL 33139
$370,000,000Sale Price: 0 SFLot Size:
74,532 SFBuilding SF: $4,964.31Price PSF:
09/01/2015Closed:
2
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
SALE COMPSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 22
3
800 LINCOLN ROAD
800 Lincoln Road | Miami Beach , FL 33139
$88,200,000Sale Price: 0 SFLot Size:
42,032 SFBuilding SF: $2,098.40Price PSF:
10/21/2014Closed:
3
4
635-639 LINCOLN ROAD
635-639 Lincoln Road | Miami Beach, FL 33139
$34,800,000Sale Price: 0 SFLot Size:
5,332 SFBuilding SF: $6,526.63Price PSF:
4%CAP: 01/29/2016Closed:
4
5
826-836 LINCOLN ROAD
826-836 Lincoln Road | Miami Bech , FL 33139
$41,700,000Sale Price: 0 SFLot Size:
16,854 SFBuilding SF: $2,474.19Price PSF:
12/18/2012Closed:
5
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
SALE COMPSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 23
6
801 LINCOLN ROAD
Miami Beach , FL 33138
$45,934,999Sale Price: 0 SFLot Size:
19,942 SFBuilding SF: $2,303.43Price PSF:
08/18/2014Closed:
6
7
643 LINCOLN ROAD
643 Lincoln Road | Miami Beach , FL 33139
$33,000,000Sale Price: 0 SFLot Size:
9,970 SFBuilding SF: $3,309.93Price PSF:
01/14/2014Closed:
7
8
818 LINCOLN ROAD
818 Lincoln Road | Miami Beach , FL 33139
$34,500,000Sale Price: 0 SFLot Size:
10,068 SFBuilding SF: $3,426.70Price PSF:
05/17/2014Closed:
8
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
SALE COMPSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 24
9
947 LINCOLN ROAD
947 Lincoln Road | Miami Beach , FL 33139
$25,650,000Sale Price: 0 SFLot Size:
7,590 SFBuilding SF: $3,379.45Price PSF:
03/05/2018Closed:
9
10
1021 LINCOLN ROAD
1021 Lincoln Road | Miami Beach, FL 33139
$106,501,379Sale Price: 0 SFLot Size:
13,845 SFBuilding SF: $7,692.41Price PSF:
09/01/2015Closed:
10
11
1035 LINCOLN ROAD
1035 Lincoln Road | Miami Becah , FL 33139
$129,389,000Sale Price: 0 SFLot Size:
25,000 SFBuilding SF: $5,175.56Price PSF:
09/01/2015Closed:
11
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
SALE COMPSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Tony Arellano P.A. // Managing [email protected] // (P) 786.235.8330
Devlin Marinoff // Managing Partner & [email protected] // (P) 305.909.7343
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 25
12
1029 LINCOLN ROAD
1029 Lincoln Road | Miami Beach , FL 33139
$35,725,000Sale Price: 0 SFLot Size:
7,145 SFBuilding SF: $5,000.00Price PSF:
09/01/2015Closed:
12
World Class Lincoln Road Retail663-667 Lincoln Road, Miami Beach, FL 33139
SALE COMPSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
CONTACT
This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, and should be verified prior to consummating any transaction.No representations expressed or implied.
Tony Arellano P.A. Devlin MarinoffManaging Partner Managing Partner & Broker
(C) 786.333.7199 (C) 917.312.2219
(O) 786.235.8330 (O) 305.909.7343
