SoMi Industrial Portfolio OM

SOUTH MIAMI INDUSTRIAL PORTFOLIO | COMPARABLE SALES

4

5

2

3

1

WEBSTER BUSINESS PARK 7204-7296 NW 25th Street Miami

NORTH MIAMI BUSINESS PARK

IDEAL WAREHOUSE FLORIDA FRUIT LAND CO.

CRAFTSMAN MALL

Address:

10775 SW 190th Street Miami

8201 NW 64th Street Miami

12390-12460 NE 13th Place North Miami

1924-1996 NE 148th Street North Miami

Building SF:

44,000 SF

23,985 SF

167,200 SF

38,098 SF

214,318 SF

Sale Price:

$4,000,000

$2,995,000

$16,600,000

$3,600,000

$21,250,000

Sale Price PSF:

$91

$125

$99

$94

$99

Year Built:

1999

1990

1972

1955

1975-1978

Occupancy:

100%

100%

91%

100%

98%

Cap Rate:

7.0%

6.0%

5.8%

5.5%

6.5%

Sale Date:

August 2016

August 2016

April 2016

October 2015

August 2015

Notes:

Small-bay asset located adjacent to Maksanim Building 5.

Small-bay asset with 24 tenants.

Four small-bay buildings proximate to MIA.

Small bay comprising storage, auto and martial arts tenants along FEC Railway.

Nine-building small-bay portfolio west of Biscayne Boulevard corridor.

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