Development Land with project approved proposed OFFERING ...

VILLAS AT PINECREST

Development Land with project approvedOFFERING MEMORANDUM

proposed

OFFERING PRICE Multifamily Development Land

Asking Price:

Land Size:

Zoning:

Property Type:

Project Approved:

$8,000,000

88,426 SF (±2.03 Acres)

RU-3

Development Land

Villas at Pinecrest

STRUCTURE

Investors should base their offers on an “as-is” and “where-is” basis.

TERMS

All cash due at closing

Off

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Project Proposed:

The Offering Investment Summary

Multifamily Development Land with an exclusive project approved and ready to start construction - Villas at Pinecrest.

The subject of this opportunity is sited in the village of Pinecrest, 20 minutes south of downtown Miami and 15 minutes from Miami

International Airport. It is also near two major highways, US1 and the Palmetto Expressway. Home to some of Miami’s most refined

residents. Pinecrest encompasses approximately eight square miles and is recognized as one of the most beautiful residential areas

in South Florida, as well as one of the ten best places in Florida for “quality of life.”

This is a very exclusive opportunity since multifamily spaces are very rare in the area. Villas at Pinecrest will be a collective of

eighteen luxurious and Coastal Contemporary styled villas, appealing to the privileged few who know how to discern architectural

grace, uncompromising detail and enduring quality.

Proj ect Vi l las at Pinecrest

Number of Buildings 4Total Townhouses planned 18Average Townhouse Size 3588 SF

Asking Price $8,000,000Adress 7520 SW 100 STREET

PINECREST, FL

Folio Numbers 20-5002-008-0010

Zoning20-5002-008-0020 RU-3

Total Land Size 88,426 SF

Address

proposed

Investment Highlights

• An amazing approved project with all the required

permits to start building.

• Prime location within The Village of Pinecrest

- Pinecrest is the ideal suburban village.

• Near US1 and the Palmetto Expressway.

• Luxury homes and family-friendly community.

• Near top-rated public schools.

• Villas at Pinecrest project is focus on

beauty, livability and details that leave a lasting

impression.

• $119,775 average Household Income within

3-mile radius.

• 91,000 cars per day on US-1

proposed

Investment Location

1.5 miles

4 miles

11 miles

13 miles 3.6 miles

• Key Distance

Project Overview

An amazing pool in the center of the community with

beautiful foliage surroundings creates a harmonious

ambiance for all.

• Gated Community

• Infinity Edge Pool

• Infinity Edge Spa

• Bathroom Cabanas with Retractable Roof

Project Amenities

Standard Features

• Chauffeured ceilings in living areas and floating ceiling in master bedroom• Impact resistant windows and doors• $10/sq. ft. flooring allowance material and installation• 9’ custom sliding doors in great room• Spacious walk-in closets• Designer coordinated lighting package• Linear diffuser air-conditioner grills in common areas and master bedroom• 7” wood baseboards• Interior pre-hung solid core doors• Sherwin Williams flat latex paint• Pre-wiring for cable, phone and internet in family room and bedrooms• Audio and video standard wiring in three locations• Dual high efficiency air-conditioning units• Remote controlled garage door• Front loader washer and duet steam dryer• Tank less gas water heater• Full security system with siren, motion detector and cellular connectivity• Optional laundry chute in select models• Residential elevator (optional)

Project Amenities

Elegant Bathrooms

• Top-quality fixture package• Countertop basin sinks• Double sink in master bathroom• Single sink in secondary bathrooms• $12/sq. ft. flooring allowance• Modern quartz countertops• Frameless glass shower enclosures• Mia Cucina cabinets

Gourmet Kitchen

• Wolf Sub-Zero luxury appliance package• 36” refrigerator with dispenser• Wolf 36” pro electric range/oven• Wolf 42” exhaust in ceiling• Wolf 24” microwave drawer• Sub-Zero 24” under counter wine cooler• ASKO 24” dishwasher• Top-quality fixture package• Mia Cucina Italian kitchen cabinets• Standard hardware for all cabinetry• Quartz countertops (standard selection)• Sub-Zero 24” refrigerator in 2nd story kitchenette

Project Amenities

Unique Exteriors

• Pre-fabricated wood roof trusses

• Aluminum windows

• Sherwin Williams acrylic flat paint

• Brick paver street and driveway

• Landscaping with automatic sprinklers

• Flat concrete roof tiles

• Aluminum louvered railings

• Custom decorative wood out lookers

• Decorative aluminum louvered accents

• Insulated aluminum garage doors

• Decorative siding

• Private backyards

• Secure intercom access

Project Floor Plans

Sea Grape

4 BEDROOMS 3 BATHROOMS 2 POWDER ROOMS DEN / MEDIA ROOM

A/C NON A/C TOTAL 2858 SF 560 SF 3418 SF

265.5 SM 52 SM 317.5 SM

FIRST FLOOR PLAN

SECOND FLOOR PLAN

THIRD FLOOR PLAN

Project Floor Plans

Buttonwood

4 BEDROOMS 3 BATHROOMS 2 POWDER ROOMS MEDIA / FAMILY ROOM

A/C NON A/C TOTAL 3145 SF 548 SF 3693 SF292 SM 51 SM 343 SM

FIRST FLOOR PLAN

SECOND FLOOR PLAN

THIRD FLOOR PLAN

Project Floor Plans

Coco Plum4 BEDROOMS 3 BATHROOMS 2 POWDER ROOMS MEDIA / FAMILY ROOM

A/C NON A/C TOTAL 2978 SF 503 SF 3481 SF

276.6 SM 46.7 SM 323.3 SM

FIRST FLOOR PLAN

SECOND FLOOR PLAN

THIRD FLOOR PLAN

Site Plan

CAD

FIL

E :

DESIGNER HEREBY EXPRESSLY RESERVES HIS COPYRIGHT AND OTHER PROPERTY RIGHTS IN THESE PLANS. THESE PLANS AND DRAWINGS ARE NOT TO BE REPRODUCED, CHANGED, OR COPIED IN ANY FORM OR MANNER WHATSOEVER WITHOUT FIRST OBTAINING WRITTEN PERMISSION AND CONSENT OF SOTOLONGO SALMAN HENDERSON ARCHITECTS, LLC. NOR ARE THEY TO BE ASSIGNED TO ANY PARTY WITHOUT FIRST OBTAINING SAID WRITTEN PERMISSION AND CONSENT.

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ISOMETRIC VIEW

SITE PLAN

SITE PLAN ISOMETRIC VIEW

74.00'

LOT 3BLOCK 1

LOT 4BLOCK 1

LOT 7BLOCK 1

LOT 8BLOCK 1

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49.83'

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20' MIN.

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SECOND FLOOR A/C AREA (W/O ELEV'S & STAIRS)

FIRST FLOOR AREA (INCLUDING GARAGES)

TOTAL RESIDENTIAL BUILDING AREA

THIRD FLOOR A/C AREA (W/O ELEV'S & STAIRS)

F.A.R. CALCULATIONS

GRAND TOTAL

BLDG. II BLDG. IIIBLDG. I BLDG. IV

7,401.00 S.F.

7,119.00 S.F.

20,626.00 S.F.

3,460.00 S.F.

3,245.00 S.F.

3,018.00 S.F.

9,723.00 S.F.

8,825.00 S.F.

8,549.00 S.F.

7,161.00 S.F.

24,536.00 S.F.

2,319.00 S.F.

2,172.00 S.F.

6,515.00 S.F.

2,024.00 S.F.6,106.00 S.F.

20,626.00 S.F. + 9,723.00 S.F. + 24,536.00 S.F. + 6,515.00 S.F. + 362.00 =61,762.00 S.F. (72.99%)

MAX. ALLOWED = 61,770 S.F. (73%)

POOL HOUSE BATHROOMS 362.00 S.F.

84,617 X 26% = 22,453 S.F.

PROPOSED

MAX. ALLOWEDIMPERVIOUS SURFACE (I.S.R.)

LOT COVERAGE

GREEN SPACE

PROPOSED

MAX. ALLOWED

84,617 X 40% = 33,846.80 S.F.

40.05% OR 33,890.99 S.F.PROPOSED

MIN. ALLOWED

84,617 X 60% = 50,770.20 S.F.

59.95% OR 50,726.01 S.F.

EXISTINGZONING DATA

PROPOSED NO. OF UNITS

RU-3

18

NET LOT AREA 1.942539 ACRE84,617 SQUARE FEET

PROPOSED NET DENSITY 18 UNITS / 1.942539 ACRE = 9.27 UNITS PER ACRE

PARKING CALCULATIONS

PROPOSED

2.5 SPACES PER UNIT PLUS

60 SPACES (24 ON-STREET & 36 GARAGES)PROVIDED

REQUIRED 1 GUEST SPACE PER 4 UNITS2.5 x 18 = 45 SPACES

18 / 4 = 4.5 = 5 SPACESTOTAL = 50 SPACES

22,367.00 S.F.

S.W. 104th STREET

LOCATION MAP 1"=200'

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NOTES :

1. GARBAGE COLLECTION TO BE CURBSIDE PICK-UP.

2. THIS SITE PLAN, INCLUDING IT'S CALCULATIONS SHALL BE IN CONFORMANCE

WITH THE DEVELOPMENT ORDER APPROVED ON OCTOBER 11, 2011 AND

EXECUTED ON NOVEMBER 3, 2011 UNDER HEARING NUMBER 2011-0906-1.

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Site Plan Isometric View

SECTION 4) SOURCES OF DATA:

SECTION 5) LIMITATIONS:

SECTION 6) CLIENT INFORMATION:

SECTION 7) UTILITY SERVICES TO BE PROVIDED TO PROPOSED DEVELOPMENT:

SECTION 8) DEVELOPMENT INFORMATION :

SECTION 9) CONTACT INFORMATION:

SECTION 10) SURVEYOR'S CERTIFICATE:

HADONNE CORP. ,

Abraham Hadad, PSM

NOTICE:

SURVEYOR'S NOTES:

SECTION 1) DATE OF FIELD SURVEY:

SECTION 2) LEGAL DESCRIPTION:

SECTION 3) ACCURACY:

PRELIMINARY PLAT OF VILLAS AT PINECREST

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TREE No SCIENTIFIC NAME COMMON NAME CALIPER (INCHES) HEIGHT (FT) SPREAD1 QUERCUS VIRGINIANA LIVE OAK 8 15 152 QUERCUS VIRGINIANA LIVE OAK 10 18 183 QUERCUS VIRGINIANA LIVE OAK 11 20 204 QUERCUS VIRGINIANA LIVE OAK 10 20 205 MANGIFERA INDICA MANGO 13 18 206 QUERCUS VIRGINIANA LIVE OAK 13 20 207 MANGIFERA INDICA MANGO 14 20 208 MANGIFERA INDICA MANGO 14 20 209 MANGIFERA INDICA MANGO 19 17 2510 MANGIFERA INDICA MANGO 24 17 2011 MANGIFERA INDICA MANGO 14 18 1812 MANGIFERA INDICA MANGO 14 20 2013 MANGIFERA INDICA MANGO 24 20 2014 MANGIFERA INDICA MANGO 7 12 1015 MANGIFERA INDICA MANGO 18 18 1816 MANGIFERA INDICA MANGO 15 18 1817 MANGIFERA INDICA MANGO 17 18 1818 MANGIFERA INDICA MANGO 14 19 1919 MANGIFERA INDICA MANGO 16 20 1520 MANGIFERA INDICA MANGO 16 18 1821 MANGIFERA INDICA MANGO 18 25 2022 MANGIFERA INDICA MANGO 17 18 1823 MANGIFERA INDICA MANGO 14 20 2024 MANGIFERA INDICA MANGO 18 25 3025 MANGIFERA INDICA MANGO 17 20 2026 MANGIFERA INDICA MANGO 14 15 15

TREE No SCIENTIFIC NAME COMMON NAME CALIPER (INCHES) HEIGHT (FT) SPREAD27 MANGIFERA INDICA MANGO 16 20 1828 MANGIFERA INDICA MANGO 17 20 2029 MANGIFERA INDICA MANGO 16 20 2030 MANGIFERA INDICA MANGO 12 20 2031 MACADAMIA INTEGRIFOLIA MACADAMIA NUT 10 30 3032 MANGIFERA INDICA MANGO 16 25 2533 MANGIFERA INDICA MANGO 12 20 2034 MANGIFERA INDICA MANGO 17 25 2535 MANGIFERA INDICA MANGO 18 20 2036 SABAL PALMETTO SABAL PALM 10 15 737 SABAL PALMETTO SABAL PALM 10 18 738 SABAL PALMETTO SABAL PALM 11 18 739 QUERCUS VIRGINIANA LIVE OAK 11 18 2040 QUERCUS VIRGINIANA LIVE OAK 10 20 2041 QUERCUS VIRGINIANA LIVE OAK 12 20 2042 FOR IDENTIFY FOR IDENTIFY 12 18 2043 SABAL PALMETTO SABAL PALM 10 17 744 SABAL PALMETTO SABAL PALM 10 17 745 SABAL PALMETTO SABAL PALM 10 17 746 SABAL PALMETTO SABAL PALM 11 15 747 QUERCUS VIRGINIANA LIVE OAK 11 18 1848 SABAL PALMETTO SABAL PALM 12 15 749 QUERCUS VIRGINIANA LIVE OAK 11 20 2050 SABAL PALMETTO SABAL PALM 12 15 751 SENNA SURATTENSIS GLAUCOUS CASSIA 6 10 1052 QUERCUS VIRGINIANA LIVE OAK 11 18 20

127 MANGIFERA INDICA MANGO 14 20 20

VILLAS AT PINECREST

17

6

2

Portion of SW. 1/4 of Section 2, Township 55 South, Range 40 East

SCALE 1" = 300'LOCATION MAP

Miami-Dade County, Floridaand Portion of SE. 1/4, of Section 2, Township 55 South, Range 40 East

Site Suvey

Exterior Renderings

Interior Renderings

Demographics SummaryExecutive Summary7520 SW 100th St, Pinecrest, Florida, 33156 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 25.67755

Longitude: -80.31723

1 mile 3 miles 5 milesPopulation

2000 Population 13,016 90,032 269,1712010 Population 14,305 90,577 271,4682016 Population 14,911 93,812 280,7932021 Population 15,679 98,254 293,4622000-2010 Annual Rate 0.95% 0.06% 0.09%2010-2016 Annual Rate 0.67% 0.56% 0.54%2016-2021 Annual Rate 1.01% 0.93% 0.89%2016 Male Population 47.4% 47.8% 47.8%2016 Female Population 52.6% 52.2% 52.2%2016 Median Age 40.3 41.6 42.0

In the identified area, the current year population is 280,793. In 2010, the Census count in the area was 271,468. The rate of change since 2010 was 0.54% annually. The five-year projection for the population in the area is 293,462 representing a change of 0.89% annually from 2016 to 2021. Currently, the population is 47.8% male and 52.2% female.

Median Age

The median age in this area is 40.3, compared to U.S. median age of 38.0.Race and Ethnicity

2016 White Alone 85.8% 87.3% 86.4%2016 Black Alone 3.1% 4.5% 6.5%2016 American Indian/Alaska Native Alone 0.2% 0.2% 0.1%2016 Asian Alone 5.8% 4.0% 3.0%2016 Pacific Islander Alone 0.0% 0.0% 0.0%2016 Other Race 2.5% 1.9% 1.9%2016 Two or More Races 2.6% 2.1% 2.0%2016 Hispanic Origin (Any Race) 58.3% 58.6% 64.6%

Persons of Hispanic origin represent 64.6% of the population in the identified area compared to 17.9% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 59.2 in the identified area, compared to 63.5 for the U.S. as a whole.

Households2000 Households 5,262 33,697 94,1742010 Households 6,019 34,565 95,6712016 Total Households 6,244 35,587 98,5862021 Total Households 6,552 37,147 102,8412000-2010 Annual Rate 1.35% 0.25% 0.16%2010-2016 Annual Rate 0.59% 0.47% 0.48%2016-2021 Annual Rate 0.97% 0.86% 0.85%2016 Average Household Size 2.38 2.63 2.79

The household count in this area has changed from 95,671 in 2010 to 98,586 in the current year, a change of 0.48% annually. The five-year projection of households is 102,841, a change of 0.85% annually from the current year total. Average household size is currently 2.79, compared to 2.78 in the year 2010. The number of families in the current year is 71,018 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.

November 28, 2016

©2016 Esri Page 1 of 2

Executive Summary7520 SW 100th St, Pinecrest, Florida, 33156 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 25.67755

Longitude: -80.31723

1 mile 3 miles 5 milesMedian Household Income

2016 Median Household Income $60,968 $75,913 $67,4272021 Median Household Income $67,149 $84,868 $77,1462016-2021 Annual Rate 1.95% 2.26% 2.73%

Average Household Income

2016 Average Household Income $98,240 $119,775 $106,3372021 Average Household Income $105,088 $128,445 $114,8772016-2021 Annual Rate 1.36% 1.41% 1.56%

Per Capita Income2016 Per Capita Income $41,006 $45,652 $37,6792021 Per Capita Income $43,764 $48,780 $40,5922016-2021 Annual Rate 1.31% 1.33% 1.50%

Households by IncomeCurrent median household income is $67,427 in the area, compared to $54,149 for all U.S. households. Median household income is projected to be $77,146 in five years, compared to $59,476 for all U.S. households

Current average household income is $106,337 in this area, compared to $77,008 for all U.S. households. Average household income is projected to be $114,877 in five years, compared to $84,021 for all U.S. households

Current per capita income is $37,679 in the area, compared to the U.S. per capita income of $29,472. The per capita income is projected to be $40,592 in five years, compared to $32,025 for all U.S. households Housing

2000 Total Housing Units 5,515 34,971 97,5432000 Owner Occupied Housing Units 3,184 23,028 68,7762000 Renter Occupied Housing Units 2,078 10,669 25,3982000 Vacant Housing Units 253 1,274 3,369

2010 Total Housing Units 7,025 38,061 102,9512010 Owner Occupied Housing Units 3,481 23,391 68,2392010 Renter Occupied Housing Units 2,538 11,174 27,4322010 Vacant Housing Units 1,006 3,496 7,280



Currently, 61.9% of the 106,521 housing units in the area are owner occupied; 30.6%, renter occupied; and 7.4% are vacant. Currently, in the U.S., 55.4% of the housing units in the area are owner occupied; 32.9% are renter occupied; and 11.7% are vacant. In 2010, there were 102,951 housing units in the area - 66.3% owner occupied, 26.6% renter occupied, and 7.1% vacant. The annual rate of change in housing units since 2010 is 1.53%. Median home value in the area is $380,688, compared to a median home value of $198,891 for the U.S. In five years, median value is projected to change by 0.36% annually to $387,587.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.

November 28, 2016

©2016 Esri Page 2 of 2

Prepared by EsriData Note: Income is expressed in current dollars Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021. Esri converted Census 2000 data into 2010 geography.

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Development Land with project approved proposed OFFERING ...

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