County Line Road - OM (2020) -

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SW 56 Avenue, Pembroke Park Vacant Land Offered at $1,300,000 1 Contents • Executive Summary • Property Overview • Financial Overview • Market Comparables • Area Overview Contact Scot Drucker NE 215th Street & SW 56th Avenue, Pembroke Park, FL Real Estate Advisor 865.405.1581 [email protected] Joshua Kaufman Broker Associate | Commercial Advisor 305.989.6686 [email protected] County Line Road 2 Disclosure This confidential Offering Memorandum was prepared by Compass Florida, LLC and has been reviewed by Owner. It contains selected information pertaining to the Property and does not purport to be all-inclusive, nor to contain all the information that a prospective investor may desire. This presentation is not an offer to sell or a solicitation to buy any securities, and is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement, or advice as to the actual return of this investment. Except for any historical information, such matters discussed herein are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, and could result in the loss of principal. Each prospective investor is to rely upon its own investigation, evaluation and judgment as to the advisability of the investment described herein. Sources of information contained within this Investment Memorandum include, but are not limited to: CoStar, Loopnet, Integrated Realty Resources, Google, MLS, and the US Census Bureau. Compass Florida, LLC expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers and/or to terminate discussions with any party at any time with or without notice. Compass Florida, LLC shall have no legal commitment or obligation to any investor reviewing this Offering Memorandum or making an offer to invest in the Property unless a written agreement has been fully executed, delivered, and approved by the Owner and any conditions to Owner’s obligations thereunder have been satisfied or waived. This Offering Memorandum is the property of the Compass Florida, LLC and may only be used by parties approved by Compass Florida, LLC. The Property is being privately offered and by accepting this Offering Memorandum, the party in possession hereof agrees that its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Compass Florida, LLC and Owner. The terms and conditions set forth apply to this Offering Memorandum in its entirety. County Line Road 3 PROPERTY OVERVIEW Executive Summary Property Overview • Compass has been retained as the exclusive sales and Address 5525 SW 56th Avenue, Pembroke Park, FL 33023 marketing agent for +/-2.03 Acre of vacant land in Pembroke Park, Broward County, Florida. Located on the Folio 5142-30-13-0010 Southeast corner of NE 215th Street (31,500 ADT) & Property Type Vacant Land SW 56th Avenue, this property has 278 feet of street frontage, and is zoned B-1 which allows for a variety of Land Area (SqFt) 88,821 SqFt retail and commercial uses. Land Area (Acres) 2.03 Acres • The Property represents a rare clean-slate development Zoning B-1 | Business District opportunity in an established, mature market. Other development sites in the area are mainly redevelopment County Line Road Frontage 278 Feet or in-fill in nature, making the Property unique in its ability Asking Price $1,300,000 to offer a blank canvas for new development. • The Property is offered with entitlements for commercial uses and can be potentially rezoned for multifamily, up to 16 units per acre. Pembroke Park's existing inventory of multifamily product is aging, and newer, updated construction will likely enjoy significant pricing power in comparison to the majority of its competition. • The property is within close proximity to State Road 441 (43,500 ADT), Ross, Family Dollar, Dollar Tree, and Lehman Auto Group. County Line Road 5 Existing Land Use Map County Line Road 6 MARKET OVERVIEW Area Overview Unexpected Appeal If a big shopping mall with luxury stores is your comfort zone, you’re better off taking a quick ride to Aventura, the Galleria in Fort Lauderdale, or Gulfstream Park in Hallandale. In classic Hollywood, it’s more about locally owned boutiques and shops. The Lifestyle With an average annual temperature of 75 degrees, residents of Hollywood like to be outdoors. Whether it’s a beach Boardwalk volleyball game or a round of golf, sporting opportunities are easy to promenades to come by. If you seek relaxation, enjoy oceanfront moonlit dining and picnics in the park people-watching as you sip a frozen cocktail by the Broadwalk. Founded in 1925 as an East Coast counterpart to the home of motion pictures in California, Hollywood boomed in the ’50s and ’60s. Sunny skies and salty ocean breeze attract people who live the healthy, energetic Florida lifestyle. With miles of beaches and 60 parks to choose from, the city keeps its residents laid back—but never bored. County Line Road 8 Rental Comps PROPERTY ADDRESS CITY YEAR BUILT AVERAGE UNIT SIZE RENT/SF Ives Dairy Townhomes 1027 NE 208th Street Miami 2011 1,768 SF $1.30 Carter Ranches 4017 SW 24th St West Park Mix 810 SF $1.29 Hollywood Ridge 3862 SW 48th Ave Pembroke Park Mix 1,033 SF $1.40 Monterey 865 NE 209th Street Miami 1984 1,059 SF $1.40 Quatraine 20005 NE 3rd Court Miami 1967-1974 764 SF $1.41 Ro-Mont 100 NW 204th Street Miami Gardens 1984 1,081 SF $1.46 Sierra Ridge 816 NE 214th Lane Miami Mix 1,066 SF $1.46 Condado Real 5100 SW 41st St Pembroke Park 1973 807 SF $1.47 Carmel Lakes 444 NE 206th Lane Miami 1989 890 SF $1.52 County Line Road 9 Rental Comps Map County Line Road 10 Sales Comps SALE LAND PRICE PER PRICE PER PROPERTY NAME ADDRESS CITY UNITS SALE PRICE NOTES DATE (ACRES) UNIT ($) LAND SF 10/6/17 Via Ventura 20848 San Simeon Way Miami 181.4 690 $40,000,000 $57,971 $5.06 Buyer: Lennar Homes 8/30/13 Pasadena @ 20941 San Simeon Way Miami 66.09 $20,850,000 $7.24 Buyer: Pasadena Homes 5/18/16 California Club Parkview @ 6/23/16 4600 Hillcrest Drive Hollywood 150 645 $25,000,000 $38,760 $3.83 Buyer: Pulte Homes Hillcrest AVERAGE XXXX XXXX County Line Road 11 Sales Comp Map County Line Road 12 Pembroke Park Overview SCHOOLS MAJOR EMPLOYERS Somerset Prep Academy Ben Gamla Charter Beachside Montessori Village McNicol Middle Hallandale High School White Black or African American Asian or Pacific Islander AGE % of POPULATION Other Races 22 7% 2% 16.5 11 49% 43% 5.5 0 0- 5- 14 22 30 45 60 74 4 13 -2 -2 -4 -5 -7 + 1 9 4 9 4 County Line Road 13 Demographics POPULATION 1 MILE 3 MILE 5 MILE BROWARD Est. Population (2018) 27,157 192,226 546,936 1,961,823 Proj. Population (2022) 27,984 195,399 560,777 2,052,551 Proj. Annual Population Growth (2017-2022) 0.60% 0.33% 0.50% 0.9% Est, Households (2017) 9,632 67,784 204,245 743,606 Est, Households (2022) 9,932 69,189 210,129 761,292 Proj. Annual Household Growth (2017-2022) 0.62% 0,41% 0.57% 0.5% HOUSEHOLD INCOME Est. Average Household Income (2017) $51,105 $56,458 $63,393 83,740 Est. Median Household Income (2017) $42,132 $44,051 $46,001 58,949 Est. Per Capita Income (2017) $18,173 $19,982 $23,783 31,818 EDUCATION Any College (Some College or Higher) 52.61% 52.60% 55.18% 62.1% College Degree + (Bachelor Degree or Higher) 19.49% 20.68% 24.66% 32.9% WORKFORCE Total Businesses 439 4,891 15,082 97,527 No. of Employees 6,287 69,243 213,851 893,498 HOUSING Est. Total Housing Units (2017) 10653 76388 247539 824,797 Est. Owner-Occupied (2017) 53.53% 57.27% 51.53% 65.2% Est. Renter-Occupied (2017) 36.88% 31.46% 30.98% 34.8% Est. Vacant Housing (2017) 9.59% 11.26% 17.49% 10.9% County Line Road 14 Transportation Amtrak carried nearly 950,000 passengers through Florida in fiscal 2016, split 50-50 between tourists and residents. There are 18 Amtrak stations across the state including stops in Miami, Hollywood, Fort Lauderdale, Deerfield Beach, Delray Beach and West Palm Beach. Brought to you by All Aboard Florida, Brightline is the new benchmark for train travel in America. All Aboard Florida is part of Florida East Coast Industries, the parent company of successful operations in real estate, transportation and infrastructure. Broward County Transit (BCT) provides fixed route bus, express bus and community shuttles and paratransit – door-to-door – services in Broward County. Our mission is to provide safe and reliable transportation solutions that link people, connect communities, support employment and contribute to the overall economic growth of our region. The Water Shuttle is a water bus service for group tours that want to see Fort Lauderdale, also know as “The Venice of America”, from the water. The Water Shuttle follows a route with multiple stops where your group can be picked up or dropped off at. From these stops you can visit many of Fort Lauderdale’s restaurants, shops and attractions, traveling as far North or South on the route as you like. Your shuttle itinerary is customized for your groups needs. Tri-Rail is a commuter rail line linking Miami, Fort Lauderdale, and West Palm Beach, Florida, United States. The Tri prefix in the name refers to the three counties served by the railroad: Palm Beach, Broward, and Miami-Dade County. County Line Road 15 State Road 7 SW 56 Avenue oad ne R i nty L Cou