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LITTLE RIVER PLAZA
Offering Memorandum
LITTLE RIVER PLAZA 2.63-Acre Lot | 399 NE 82nd Terrace | Miami, FL 33138
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N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap RealEstate Investment Services of Florida, Inc. ("Marcus & Millichap") and should not be made available to any other person or entity without the written consent of Marcus & Millichap. ThisMarketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation,with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements,the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or thefinancial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this MarketingBrochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor hasMarcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the informationprovided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real EstateInvestment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo orname is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
LITTLE RIVER PLAZAMiami, FLACT ID Z0240149
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TABLE OF CONTENTS
SECTION
INVESTMENT OVERVIEW 01Executive Summary
Investment Overview
Aerials
Aerial Map
Regional Map
Local Map
Nearby Points of Interest
Proposed Site Plan
ZONING REGULATIONS 02Zoning Code
MARKET OVERVIEW 03Market Analysis
Demographic Analysis
LITTLE RIVER PLAZA
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LITTLE RIVER PLAZA
INVESTMENT
OVERVIEW
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#
EXECUTIVE SUMMARY
OFFERING SUMMARY
WESTVIEW LAND
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LITTLE RIVER PLAZA
OFFERING SUMMARY
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES *
Bursars Office 4,418
County Miami Dade AVI Dept 4,000
Miami Dade Transit 4,000
Nephrology Division 4,000
County of Miami-Dade 3,068
Miami Vamc 3,000
Miami Dade College 2,835
Aluma Craft Products 2,800
Medical Center Campus 2,500
Mount Sinai Med Ctr Fla Inc 2,374
University of Miami Hospital 1,800
University of Miami 1,729
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
26,613 180,524 503,914
23,794 163,338 457,015
10,292 63,236 179,370
9,315 58,146 164,691
$29,308 $32,383 $34,150
$21,803 $19,410 $21,603
2017 Estimate Pop
2010 Census Pop
2017 Estimate HH
2010 Census HH
Median HH Income
Per Capita Income
Average HH Income $56,136 $54,754 $59,923
* # of Employees based on 5 mile radius
THE OFFERING
Price $3,500,000
Down Payment 100% / $3,500,000
Loan Type All Cash
Property Address 399 NE 82nd Terrace, Miami, FL
SITE DESCRIPTION
Lot Size (SF) 114,563
Price/SF $30.55
Lot Size (Acres) 2.63
Price/Acre $1,330,798
Number of Units 47
Price/Buildable Unit $74,468
Number of Lots 1
Price/Lot $3,500,000
Zoning T3-O
Assessor’s Parcel Number 01-3207-020-0310
Type of Ownership Fee Simple
Frontage NE 4th Avenue
Traffic Counts 17,500 Cars per Day (NE 82nd Street)
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LITTLE RIVER PLAZA
OFFERING SUMMARY
2.63 +/- Acres of Waterfront Land Located in Northeast Miami
Little River Plaza is Located in the Rapidly Appreciating Little River Area
Many New Developments Are in the Process in the Immediate Area
Walking Distance to Shopping and Entertainment
Just West of Biscayne Boulevard Off Northeast 82nd Street
Close to Major Thoroughfares
INVESTMENT HIGHLIGHTS
The Little River Plaza land offering is a waterfront 2.63+/- acre site located on the Little River in the northern part of the City of Miami. The site is located on the corner of
Northeast 82nd Terrace and 4th Avenue, one block north of Northeast 82nd Street. Northeast 82nd Street is the main west corridor from the North Beach section of Miami
Beach and North Bay Village to the City of Miami. The site is zoned T3-O which allows for 18 units per acre. (For additional zoning information please refer to Section 2).
The Little River area of Miami is one of Miami’s oldest neighborhoods and was first established in the late 1800’s and incorporated into the city of Miami in 1925. The
neighborhood is bordered to the north by El Portal, to the west by Interstate 95, to the south by Little Haiti, and to the east by Biscayne Boulevard (US-1). The Little River
area has seen the beginning of a resurgence of new businesses, entertainment, restaurants and artists moving into the area as submarkets to the south continue to grow
and develop. There are several large new developments planned to the south of the subject on Northeast 79th Street as well as a few blocks east on Biscayne Boulevard
and to the west on Northeast 2nd Avenue. There have also been talks of a Tri-Rail Coastal Link station a block south of the subject property.
Little River Plaza is listed for $3,500,000 which breaks down to $30.55 per square foot and $74,468 per buildable unit.
INVESTMENT OVERVIEW
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LITTLE RIVER PLAZA
AERIALS
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NE 82nd Street
Biscayne Boule
vard
LITTLE RIVER PLAZA
Downtown MiamiBiscayne Bay
LITTLE RIVER PLAZA
AERIALS
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LITTLE RIVER PLAZA
LITTLE RIVER PLAZA
REGIONAL MAP
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LITTLE RIVER PLAZA
LITTLE RIVER PLAZA
LOCAL MAP
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« LITTLE RIVER PLAZA
1. Miami Shores Country Club
2. Miami Shores Neighborhood
3. El Portal Neighborhood
4. Triton Center (in development)
5. Tri Rail
6. Eden - Mixed Use Property (in development)
7. Miami Ironside (mixed use urban center)
8. Mimo District
LITTLE RIVER PLAZA
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3
4
8
7
1
6
5
LITTLE RIVER PLAZA
NEARBY POINTS OF INTEREST
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NE 79th Street
Biscayne Boule
vard
LITTLE RIVER PLAZA
Downtown Miami
Biscayne Bay
2
1
4
5
3
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1. Triton Center (in development)
2. Tri Rail
3. Eden - Mixed Use Property (in development)
4. Miami Ironside (mixed use urban center)
5. Mimo District
LITTLE RIVER PLAZA
NEARBY POINTS OF INTEREST
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LITTLE RIVER PLAZA
PROPOSED SITE PLAN
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LITTLE RIVER PLAZA
ZONING
REGULATIONS
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Types of T3 ZonesRegulating use is an important component of any zoning code. In T3 zones,neighborhood types are influenced by the functions and uses of the existingbuildings and historical conditions.
Restricted (R) residential single family ONLY Limited (L) residential single family AND ancillary units (granny flats) Open (O) residential single family AND two family residence (duplex)
Illustration of a T3 R
REGULATION OF USES R L OResidentialSingle Family Residence R R RCommunity Residence R R RAncillary Unit RTwo Family Residence RMulti Family HousingDormitoryHome Office R R RLive - WorkWork - LiveCivicCommunity FacilityRecreational Facility E E EReligious Facility E E ECivil SupportInfrastructure & Utilities W W WEducationalElementary School E E EMiddle / High School E E EPre-School E E E
R = the use is permitted by Right W = the use is permitted by Warrant
E = the use is permitted by Exception
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ZONING CODE
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Specific to T3 Zones
BUILDING DISPOSITION Building Disposition describes where the building sits in relation to the lot or parcel. The following are a summary of the specific regulations that
apply to building disposition in a T3 zone. The diagrams below explain building setback requirements. In Miami 21, entrances must face the principal frontage.
LOT OCCUPATIONa. Lot Area 5000 sq.ft min.b. Lot Width 50 ft. min.
c. Lot Coverage
50% max. first floor
30% max. second floor (T3 R & T3 L only)
d. Floor Lot Ratio (FLR) n/ae. Frontage at front setback n/af. Green space Requirements 25% lot area min.
g. DensityT3 R=9 du/acre max.;T3 L=9 du/acre max.;
T3 O=18 du/acre max;
BUILDING SETBACKa. Principal Front 20 ft. min.b. Secondary Front 10 ft. min.
c. Side 5 ft. min. 20% lot widthtotal min.
d. Rear 20 ft. min.
OUTBUILDING SETBACK (T3 L ONLY)a. Principal Front 20 ft. min.b. Secondary Front 10 ft. min.c. Side 5 ft. min.d. Rear 5 ft. min.
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ZONING CODE
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MIAMI 21
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AS ADOPTED - MAY 2017ARTICLE 5. SPECIFIC TO ZONES
5.3 SUB-URBAN TRANSECT ZONES (T3)
5.3.1 Building Disposition (T3)
a. Newly platted Lots shall be dimensioned according to Illustration 5.3
b. Lot Coverage by Building shall not exceed that shown in Illustration 5.3.
c. A Building shall be disposed in relation to the boundaries of its Lot according to Illustration 5.3.
d. In Zone T3-R, one Principal Building consisting of one Dwelling Unit at the Frontage may be built on each Lot as shown in Article 4, Table 8. In Zone T3-L one Principal Building consisting of one Dwelling Unit at the Frontage and one Outbuilding may be built on each Lot. The Outbuilding shall be separated from the Principal Building by a minimum of ten (10) feet. A Backbuilding may connect the Principal Building and the Outbuilding. In Zone T3-O, one Principal Building consist-ing of two Dwelling Units at the Frontage may be built on each Lot as shown in Illustration 5.3.
e. Setbacks for Principal Buildings shall be as shown in Illustration 5.3. Setbacks may otherwise be adjusted by Waiver by no more than ten percent (10%).
f. Facades shall be built parallel to a rectilinear Principal Frontage Line or parallel to the tangent of a curved Principal Frontage Line.
g. Setbacks for Outbuildings, pools, tennis courts or other similar recreational facilities shall be as shown for Outbuildings in Illustration 5.3.
h. Accessory Structures shall follow the setbacks for Principal Buildings as shown in Illustration 5.3. One (1) Story, non-habitable Accessory Structures, of a maximum of two hundred (200) square feet or ten (10%) of the Floor Area of the Principal Building, whichever is greater, shall be located in the Second or Third layer of the property and shall be setback a minimum of �ve (5) feet from any side Property Line and ten (10) feet from any rear Property Line. Setbacks for such structures may be reduced by Waiver.
5.3.� Building Con�gu��tion (T3)
a. Development within Private Frontages shall comply with Article 4, Tables 2 and 6 and Illustration 5.3. For T3-R and T3-L, second story lot coverage shall not exceed thirty percent (30%).
b. �ncroachments shall be allowed as follows� At the First Layer, stairs may encroach up to eight (8) feet of the depth of the Setback. Open Porches shall be at a minimum seven (7) feet deep and may encroach up to eight (8) feet of the depth of the Setback. At the First Layer, cantilevered portions of Awnings, balconies, bay windows and roofs shall be a maximum three (3) feet deep and may encroach up to three (3) feet of the depth of the Setback. Other cantilevered portions of the Building shall maintain the required Setback. At the Second and Third Layers, Awnings, balconies, bay windows, chimneys, roofs and stairs may encroach up to �fty percent (50%) of the depth of the Side Setback or three (3) feet, whichever is less. At the Third Layer, Awnings and canopies may encroach up to �fty percent (50%) of the depth of the Rear Setback.
c. Unroofed screen enclosures shall be located within the Second or Third Layer only and shall
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have a �ve (5) foot minimum side and rear Setback.
d. All outdoor storage, electrical, plumbing, mechanical, and communications equipment and ap-purtenant enclosures, shall be located within the Second or Third Layer and concealed from viewfrom any Frontage. These shall not be allowed as Encroachments, on any required setback,except for Buildings existing as of the e�ective date of this Code, where mechanical equipment, such as air conditioning units, pumps, exhaust fans or other similar noise producing equipmentmay be allowed as Encroachments by Waiver.
e. Building Heights shall be measured in Stories and shall conform to Article 4, Table 2 and be asshown in Illustration 5.3. The �rst-�oor elevation of a Principal Building shall be a maximum of two and a half (2.5) feet above grade, or as regulated by FEMA, whichever is higher. A �at roof shall be a maximum of two Stories and twenty-�ve (25) feet. A pitched roof shall be a maximum of twenty-�ve (25) feet to the eave and shall not exceed ten (10) feet overall Height above the second Story.
f. Mechanical equipment on a roof shall be enclosed by parapets of the minimum Height necessaryto conceal it, and a maximum Height of three and a half (3.5) feet. At the roof, other ornamen-tal Building features may extend up to three and a half (3.5) feet above the maximum BuildingHeight. Roof decks shall be permitted at the maximum Height. Trellises may extend above themaximum Height up to eight (8) feet. Extensions above the maximum Height up to four hundred(400) square feet for either a stair enclosure or ornamental purpose shall be permitted by processof Waiver. All extensions including attics shall not exceed ten (10) feet above the second Story.
g. Fences and walls may be located up to and including the Frontage Line to the following maximumHeight. Height of fences and walls shall not exceed four (4) feet within the First Layer, exceptaluminum or iron picket and post Fences with or without masonry posts shall not exceed six (6)feet. Within the Second and Third Layers, Fences and walls shall not exceed eight (8) feet.
5.3.3 Building Function & Density (T3)
a. Buildings in T3 shall conform to the Functions, Densities, and Intensities described in Article 4,Tables 3 and 4 and Illustration 5.3. Certain Functions as shown in Article 4, Table 3 shall requireapproval by Warrant or Exception. Consult Article 6 for any supplemental use regulations.
b. Religious Facilities requiring additional Height or relief from parking requirements and frontagerequirements may be permitted by process of Exception.
5.3.4 Parking Standards (T3)
a. Vehicular parking shall be required as shown in Article 4, Tables 4 and 5.
b. Parking may be accessed by an Alley when such is available.
c. Covered parking and garages and at least �fty percent (50%) of required parking shall be located within the Second and Third Layers as shown in Article 4, Table 8; in T3-R and T3-L a maximum thirty percent (30%) of the width of the Facade may be covered parking or garage. In T3-O cov-ered parking and garages shall be a maximum sixty percent (60%) of the width of the façade. Covered parking and garages shall align with or be set back from the Facade. Driveways and
LITTLE RIVER PLAZA
ZONING CODE
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MIAMI 21
V.9
AS ADOPTED - MAY 2017ARTICLE 5. SPECIFIC TO ZONES
drop-o�s including parking may be located within the First Layer.
d. The maximum width at the Property Line of a driveway on a Frontage shall be twelve (12) feet for T3-R and T3-L and twenty (20) feet for T3-O.Two separate driveways on one Lot shall have a minimum separation of twenty (20) feet in T3-R and T3-L only.
e. Tandem Parking on site is encouraged.
5.3.5 Architectural Standards (T3)
a. Only permanent Structures shall be allowed. Temporary Structures such as mobile homes, con-struction trailers, travel trailers, recreational vehicles, and other temporary Structures shall not be allowed except as per City Code.
b. Roof materials should be light-colored, high Albedo or a planted surface.
5.3.6 Landscape Standards (T3)
a. A minimum of one shade tree shall be planted within the First Layer for each �fty (�0) feet of Frontage Line.
b. At the First Layer, pavement shall be limited as follows� �mpervious pavement shall be limited to thirty percent (30%) of the area and pervious pavement shall be limited to sixty percent (60%) of the area; a combination of pervious and impervious pavement shall be limited to sixty percent (60%) of the area in the First Layer.
c. �reen Space shall be a minimum twenty-�ve (2�%) of the Lot area.
5.3.7 Ambient Standards (T3)
a. Noise regulations shall be as established in the City Code.
b. Average lighting levels measured at the Building Frontage shall not exceed one (1.0) foot-candle.
c. Lighting of Building and Open Space of First and Second Layers shall be compatible with street lighting of Abutting public spaces.
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BUILDING DISPOSITION
BUILDING CONFIGURATION
BUILDING PLACEMENT
OUTBUILDING PLACEMENT
PARKING PLACEMENT
BUILDING HEIGHT
LITTLE RIVER PLAZA
ZONING CODE
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LITTLE RIVER PLAZA
MARKET
OVERVIEW
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MARKET OVERVIEW
MIAMI-DADEOVERVIEW
Miami-Dade County is a gateway to South American and Caribbeanmarkets and a tourist destination. The 2,400-square-mile countyextends from the Florida Everglades east to the Atlantic Ocean. It isbordered to the north by Broward County and to the south by theFlorida Keys. The main portion of the city of Miami lies on the shoresof Biscayne Bay and is separated from the Atlantic Ocean by barrierislands, the largest of which holds the city of Miami Beach. The metro,with a population of roughly 2.7 million, is located entirely withinMiami-Dade County. Miami is the most populous city, with slightlymore than 440,700 residents, followed by Hialeah and Miami Gardens,each with more than 100,000 people.
MARKET OVERVIEW
METRO HIGHLIGHTS
BUSINESS-FRIENDLY ENVIRONMENTThe metro has no local business or personal income taxes, which attracts businesses and residents to the area.
INTERNATIONAL GATEWAYMiami is a gateway for international trading activities, tourism and immigration, connecting to airports and ports around the world.
MEDICAL COMMUNITY The county contains the largest concentration of medical facilities in Florida, drawing residents needing services throughout the state.
LITTLE RIVER PLAZA
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MARKET OVERVIEW
ECONOMY Various industries provide a diverse economy. Trade, international finance, healthcare and
entertainment have become major segments in the local business community. A strong tourism industry has developed with ties to Latin America and the Caribbean. Tourism and trade depend on a large transportation sector. PortMiami and Miami
International Airport are both major contributors to employment and the economy. The Miami metro gross metropolitan product (GMP) expansion is expected to outpace the
U.S. GDP in 2018 and retail sales for the county are also rising.
SHARE OF 2017 TOTAL EMPLOYMENT
MAJOR AREA EMPLOYERS
Baptist Health South Florida
University of Miami
American Airlines
Miami Children’s Hospital
Publix Supermarkets
Winn-Dixie Stores
Florida Power & Light Co.
Carnival Cruise Lines
AT&T
Mount Sinai Medical Center* Forecast
MANUFACTURING4%
GOVERNMENT
HEALTH SERVICESEDUCATION AND
+OTHER SERVICES
5%
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
25%AND UTILITIES
TRADE, TRANSPORTATION CONSTRUCTION
PROFESSIONAL ANDBUSINESS SERVICES
2%INFORMATION
14%
4%
12% 12% 7%
16%
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MARKET OVERVIEW
DEMOGRAPHICS
SPORTS
EDUCATION
ARTS & ENTERTAINMENT
The metro is expected to add nearly 117,400 people over the next five years. During the same period, approximately 64,000 households will be formed, generating demand for housing.
The homeownership rate of 53 percent is below the national rate of 64 percent, maintaining a strong rental market.
The cohort of 20- to 34-year-olds composes 21 percent of the population.
Miami-Dade County has developed into a cosmopolitan urban area offering a vibrant
business and cultural community. The metro has an abundance of popular attractions.
Miami hosts the Capital One Orange Bowl and is home to several professional sports
teams, including the Miami Dolphins, the Miami Marlins and the Miami Heat. The county
has a broad array of cultural attractions, historic sites and parks. These include the
Adrienne Arsht Center for the Performing Arts, Zoo Miami and Everglades National Park.
The region is home to a vibrant and diverse culture, family-friendly neighborhoods, a
plethora of shops and restaurants, and beautiful weather and beaches. It also offers easy
access to Latin America and the Caribbean.
QUALITY OF LIFE
2017 Population by Age
0-4 YEARS
6%5-19 YEARS
17%20-24 YEARS
7%25-44 YEARS
28%45-64 YEARS
27%65+ YEARS
16%
* Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau
LITTLE RIVER PLAZA
39.72017
MEDIAN AGE:
U.S. Median:
37.8
$44,300 2017 MEDIAN
HOUSEHOLD INCOME:
U.S. Median:
$56,300
2.7M2017
POPULATION:
Growth2017-2022*
4.3%
940K2017
HOUSEHOLDS:
6.7%
Growth2017-2022*:
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PROPERTY NAME
MARKETING TEAM
LITTLE RIVER PLAZA
DEMOGRAPHICS
Source: © 2017 Experian
Created on May 2018
POPULATION 1 Miles 3 Miles 5 Miles 2022 Projection
Total Population 26,698 178,365 506,354
2017 Estimate
Total Population 26,613 180,524 503,914
2010 Census
Total Population 23,794 163,338 457,015
2000 Census
Total Population 23,499 166,553 448,688
Daytime Population
2017 Estimate 23,318 161,343 521,920
HOUSEHOLDS 1 Miles 3 Miles 5 Miles 2022 Projection
Total Households 10,637 64,937 187,139
2017 Estimate
Total Households 10,292 63,236 179,370
Average (Mean) Household Size 2.51 2.73 2.68
2010 Census
Total Households 9,315 58,146 164,691
2000 Census
Total Households 8,884 57,415 156,878
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2017 Estimate
$250,000 or More 2.18% 1.91% 2.66%
$200,000 - $249,999 1.36% 1.17% 1.51%
$150,000 - $199,999 3.78% 2.50% 2.56%
$125,000 - $149,999 2.65% 2.45% 2.51%
$100,000 - $124,999 4.12% 4.44% 4.49%
$75,000 - $99,999 7.37% 7.50% 7.67%
$50,000 - $74,999 11.88% 14.33% 14.41%
$35,000 - $49,999 10.80% 12.72% 13.27%
$25,000 - $34,999 10.80% 12.02% 11.97%
$15,000 - $24,999 16.45% 16.15% 15.76%
Under $15,000 28.62% 24.83% 23.19%
Average Household Income $56,136 $54,754 $59,923
Median Household Income $29,308 $32,383 $34,150
Per Capita Income $21,803 $19,410 $21,603
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PROPERTY NAME
MARKETING TEAM
LITTLE RIVER PLAZA
DEMOGRAPHICS
Source: © 2017 Experian
Created on May 2018
POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population by Age
0 to 4 Years 6.93% 6.64% 6.52%
5 to 14 Years 10.78% 11.74% 11.18%
15 to 17 Years 2.98% 3.52% 3.32%
18 to 19 Years 1.98% 2.47% 2.30%
20 to 24 Years 6.57% 7.38% 6.98%
25 to 29 Years 7.85% 8.22% 8.09%
30 to 34 Years 7.28% 7.47% 7.63%
35 to 39 Years 6.40% 6.37% 6.66%
40 to 49 Years 13.91% 13.14% 13.65%
50 to 59 Years 16.06% 14.70% 14.37%
60 to 64 Years 6.40% 5.43% 5.43%
65 to 69 Years 4.58% 4.22% 4.26%
70 to 74 Years 3.32% 3.16% 3.36%
75 to 79 Years 2.24% 2.34% 2.61%
80 to 84 Years 1.37% 1.53% 1.78%
Age 85+ 1.34% 1.65% 1.88%
Median Age 39.40 36.94 37.98
POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population 25+ by Education Level
2017 Estimate Population Age 25+ 18,829 123,188 351,303
Elementary (0-8) 12.02% 9.88% 10.90%
Some High School (9-11) 10.77% 11.51% 11.06%
High School Graduate (12) 28.33% 31.14% 30.54%
Some College (13-15) 15.06% 17.32% 16.16%
Associate Degree Only 5.83% 6.86% 7.42%
Bachelors Degree Only 14.98% 12.91% 13.18%
Graduate Degree 8.60% 7.36% 8.14%
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IncomeIn 2017, the median household income for your selected geography is$29,308, compare this to the US average which is currently $56,286.The median household income for your area has changed by 16.65%since 2000. It is estimated that the median household income in yourarea will be $32,647 five years from now, which represents a changeof 11.39% from the current year.
The current year per capita income in your area is $21,803, comparethis to the US average, which is $30,982. The current year averagehousehold income in your area is $56,136, compare this to the USaverage which is $81,217.
PopulationIn 2017, the population in your selected geography is 26,613. Thepopulation has changed by 13.25% since 2000. It is estimated thatthe population in your area will be 26,698.00 five years from now,which represents a change of 0.32% from the current year. Thecurrent population is 51.07% male and 48.93% female. The medianage of the population in your area is 39.40, compare this to the USaverage which is 37.83. The population density in your area is8,483.94 people per square mile.
HouseholdsThere are currently 10,292 households in your selected geography.The number of households has changed by 15.85% since 2000. It isestimated that the number of households in your area will be 10,637five years from now, which represents a change of 3.35% from thecurrent year. The average household size in your area is 2.51 persons.
EmploymentIn 2017, there are 9,644 employees in your selected area, this is alsoknown as the daytime population. The 2000 Census revealed that52.34% of employees are employed in white-collar occupations inthis geography, and 47.30% are employed in blue-collar occupations.In 2017, unemployment in this area is 5.24%. In 2000, the averagetime traveled to work was 33.00 minutes.
Race and EthnicityThe current year racial makeup of your selected area is as follows:38.53% White, 52.92% Black, 0.04% Native American and 1.08%Asian/Pacific Islander. Compare these to US averages which are:70.42% White, 12.85% Black, 0.19% Native American and 5.53%Asian/Pacific Islander. People of Hispanic origin are countedindependently of race.
People of Hispanic origin make up 29.76% of the current yearpopulation in your selected area. Compare this to the US average of17.88%.
PROPERTY NAME
MARKETING TEAM
LITTLE RIVER PLAZA
HousingThe median housing value in your area was $289,640 in 2017,compare this to the US average of $193,953. In 2000, there were3,960 owner occupied housing units in your area and there were4,924 renter occupied housing units in your area. The median rent atthe time was $438.
Source: © 2017 Experian
DEMOGRAPHICS
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TRAFFIC COUNTYEAR COUNT
2009 41,500
2009 19,500
2009 6,800
MARKETING PLAN
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LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMELITTLE RIVER PLAZA
PRICING AND VALUATION MATRIX
PROPERTY NAMELITTLE RIVER PLAZA
MARKET OVERVIEW
Source: © 2017 Experian
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Offering Memorandum
LITTLE RIVER PLAZA 2.63-Acre Lot
399 NE 82nd Terrace | Miami, FL 33138
Exclusively Listed By:
FELIPE J. ECHARTE First Vice President Investments
Fort Lauderdale
(954) 245-3444
License: FL SL696115
EVAN P. KRISTOLExecutive Managing Director Investments
Fort Lauderdale
(954) 245-3459
License: FL SL640466