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STIRLING SQUARE Hollywood, Fl 33312 2901 Stirling Road
Investment Brochure EXCLUSIVELY PRESENTED BY:
Simona Paige Eli Calatayud "Results Through Collaboration"
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Confidentiality Agreement STIRLING SQUARE
Exclusively presented by: ELI CALATAYUD & SIMONA PAIGE
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest into the acquisition of the Subject Property. This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered, and approved by the Owner and any obligations therein have been satisfied or waived. By receipt of the Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner, Finite Real Estate or ACV Furthermore, you agree not to use this Memorandum or any of its contents in a manner detrimental to the interest of the Owner , Finite Real Estate or ACV. In this Memorandum, certain documents and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are so advised and expected to review all such summaries and other documents of whatever nature independently and not to rely on the contents of this Memorandum in any manner.
Table of Contents STIRLING SQUARE
SECTION ONE………. PROPERTY DESCRIPTION
SECTION TWO……… PRICING & FINANCIAL ANALYSIS
SECTION THREE…….. SITE PLANS, PICTURES
SECTION FOUR……. RENT COMPARABLES
SECTION FIVE……. DEMOGRAPHICS
Salient Facts
STIRLING SQUARE
Location & Parcel ID
Address 2901 Stirling Road City, State, ZIP Hollywood, Fl 33312
County Broward County Parcel/Folio 50-42-32-39-0010, 50-42-32-17-131, 50-42-32-17-1310
Site Description Lot Size 311,737 SF
Buildings Size SF 105249 Number of Buildings 2 Number of Stories 3
Year Built 1987 Rentable SF 92,695
Construction
Framing Frame & Gypsum Board Exterior Wall Reinforced Concrete Block with Stucco
Parking Surface Concrete Asphalt Surface Parking Roof Structure Concrete Slab over Open Web Steel Joists Roof Cover Water Heater (each unit) Plumbing Copper, PVC & Galvanized Steel Electric 120/240 Single Phase (separately metered) Elevator Elevator (01)
Irrigation System Underground, Zoned Automatic Sprinklers Waste Removal Dumpster pads Fire Protection Smoke Detectors, Fire Alarm, Fire Extinguishers & Fire Hydrants
HVAC Individual Air Conditioning Units
PropertyDescription
This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property. Ouyersm ust verify the information when determining their best choice of action. .
Investment Overview
STIRLING SQUARE
Investment Highlights
PropertyDescription
This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property. Ouyersm ust verify the information when determining their best choice of action. .
This outstanding 3 story retail/office shopping
center has retail spaces on the first floor, offices
on the second and third floor, the office building
is attached to the adjacent strip center with a
separate folio number. The property sits directly
on Stirling Rd. featuring high traffic volume and
Great exposure!
The National tenants are: Bank of America,
Walgreens Pharmacy and others. Ample Parking
is provided in the front and rear of plaza. The
leases with the anchor tennants are Triple Net
and the CAM expenses are passed through to
tenants!
-Investment Highlights
•NNN Leases
•Direct Frontage to Stirling Rd
•Excellent Hollywood |Fort Lauderdale Location
•Ample Parking
•Significant "Upside" due to Under Market Rents & Market Recovery
•Anchor Tenants
RENT ROLL STIRLING SQUARE
This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property. Ouyersm ust verify the information when determining their best choice of action.
Tenant Name Tenant Addess Type Monthly Rents Sq. Ft. $ per Sq.
Ft. CAM Deposit/Last Month Rent Lease From Expiration Option
Income Annually
Walgreens 2855 Stirling Rd Retail $28,010.33 19,772.00 17.61 $1,000.00 - 10/30/1985 10/31/2066 Can terminate 10/31/2034 with six (6) month advanced notice. 348,123.96
Crown Pown 2861 Stirling Rd Retail $4,725.00 1,455.00 37.11 $0.00 9,000.00 11/7/2008 .11/06/2017 none 56,700.00
Bet Menachem 2863 Stirling Rd Retail $7,350.00 4,065.00 20.67 5,500.00 11/1/2008 3/30/2019 Two (2) option for 5 years 88,200.00
Advanced Pet Care of Miami 2871 Stirling Road Retail $4,583.33 2,500.00 29.21 $1,598.22 13,749.99 10/15/2009 10/14/2019 none 74,178.60
Advanced Vision Care 2873 Stirling Rd Retail $2,566.66 1,400.00 29.22 $895.00 1,808.33 10/1/2000 9/30/2018 One (1) option for 5 years 41,539.92
GAW Holdings, LLC 2875 Stirling Road Retail $3,563.06 1,407.00 30.39 $0.00 14,252.24 7/1/2014 6/30/2019 One (1) option for 5 years 42,756.72
The Original Brooklyn Bagle 2877 Stirling Road Retail $5,512.56 2,676.00 31.92 $1,710.73 21,132.37 6/10/2011 5/31/2021 One (1) option for 5 years 86,679.48
Stirling Road Crossfit, LLC 2889 Stirling Road Retail $9,486.17 8,131.00 $0.00 20,110.67 12/15/2014 12/14/2019 Two (2) option for a total of 5 years (3+2) 113,834.04
DSH Oakwood Jewelers 2893 Stirling Road Retail $7,157.37 2,911.00 31.56 $821.40 11,158.84 2/1/2007 1/31/2017 One (1) option for 5 years 95,745.24
Bank of America 2903 Stirling Road Retail $11,969.66 5,933.00 32.78 $4,587.52 11/1/1999 10/31/2016 Three (3) option for 5 years 198,686.16
Grand Café 2905 Stirling Road Retail $6,000.00 752.00 2,549.00 27.78 $100.00 12,296.00 4/1/2014 3/30/2019 One (1) option for 5 years 73,200.00
2907 Stirling Road Retail/Office 1,797.00 0.00 -
VACANT 2909 Stirling Road Office 1,700.00 600.00 0.00
Oz Leasing Office $2,100.00 1,335.00 18.88 $0.00 2,226.00 12/15/2014 12/14/2016 One (1) 2 year option 25,200.00
Fantasy World Girl's Birthday LLC 2915 Stirling Road Office $2,575.00 1,983.00 15.13 $0.00 2,650.00 5/1/2014 4/30/2017 One (1) option for 3 years 30,900.00
Oriental Massage/ Tropical Spa 2921 Stirling Road Retail $4,081.63 1,974.00 32.78 $1,504.69 8,554.00 11/1/2010 10/31/2015 One (1) option for 5 years 67,035.84
JC Professional Corp 2901 Stirlind Road #200 Office $4,000.00 2000 SSF 3,091.00 15.53 $0.00 8,748.82 1/13/2014 1/12/2019 One (1) option for 5 years 48,000.00
2901 Stirling Road #201 Office 1091 SF -
Korik Realty Inc. 2901 Stirling Road #202 Office 824.00 500.00 19.20 $0.00 1,721.44 5/1/2014 4/30/2016 One (1) option for 2 years 9,888.00
Nationwide Recovery Bearau 2901 Stirling Road #203 Office $1,547.78 650.00 28.57 - 2,060.00 10/1/2012 12/31/2016 n/a 18,573.36
Infinity Behaviour health services 2901 Stirling Road #205 Office 3,519.00 0.00 -
Infinity Behaviour health services 2901 Stirling Road #206 Office $1,798.95 1,165.00 19.50 $0.00 3,933.66 21,587.40
Unit was split to 4 rooms 2901 Stirling Road #207 total SF 2,024 that were devided to four offices: -
Vacant 2901 Stirling Road #207-1 Office 0.00 583.00
Nature Wellness 2901 Stirling Road #207-2-3 Office $772.50 0.00 $0.00 1,637.00 6/1/2014 5/31/2015 One (1) 1 year option 9,270.00
South Flora Inc. 2901 Stirling Road #207-4 Office $477.21 0.00 $0.00 927.00 4/5/2013 4/4/2015 5,726.52
VACANT 2901 Stirling Road #207-5 Office 700.00
Kass Shuler , LLC 2901 Stirling Road #208 Office $4,254.21 2,406.00 20.60 $0.00 4,130.00 5/1/2014 12/31/2017 Two (2) options for 2 year 51,050.52
Infinity Behaviour health services 2901 Stirling Road #209 Office 3,500.00 2,194.00 0.00 -
APVL LLC 2901 Stirling Road #210 Office $2,594.34 2,070.00 15.04 5,300.00 3/1/2015 2/28/2018 One(1) option for 3 years 31,132.08
Simply Unique laser hair removal 2901 Stirling Road #211 Office $1,209.66 764.00 16.62 2,564.48 10/17/2013 10/16/2016 none 14,515.92
Infinity Behaviour health services 2901 Stirling Road #300 Office 34,417.97 9,000.00 14,059.00 29.38 $0.00 73,122.82 3/31/2018 Two (2) options for 1 year 413,015.64
Infinity Behaviour health services 2901 Stirling Road #305 5,059.00 0.00 -
Samuel Accounting 2901 Stirling Road #307 Office $2,203.26 1,110.00 34.51 $1,065.73 4,534.85 2/1/2014 1/31/2019 One(1) option for 5 years 39,227.88
Samuel Accounting 2901 Stirling Road #308 Office 241.00 0.00 -
Infinity Behaviour health services 2901 Stirling Road #309 Office 1,600.00 0.00 -
Infinity Behaviour health services 2901 Stirling Road #310 Office 905.00 0.00 $0.00 -
Verison Wireless Tower 1 Tower $2,766.55 - $0.00 4/1/2002 7/31/2019 Four (4) option for 5 years 33,198.60
AT&T Wireless Tower 2 Tower $3,624.90 - $0.00 6/24/1999 10/20/2019 Three (3) option for 5 years 43,498.80
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TOTALS: $160,172.10 92,965.00 $13,283.29 $231,701.51 $2,081,464.68
STIRLING SQUARE Pricing
& Financial Analysis
This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property. Ouyersm ust verify the information when determining their best choice of action.
2014 Square Footage:
Annual Monthly Per Sqft % of GPI
Gross "Actual" Income: $2,081,464 $173,455 $22.46 100.0%
Economic Vacancy: $62,444 $5,204 $0.67 3.0%
Effective Rental Income: $2,019,020 $168,252 $21.78 97.0%
Other Income: Rooftop Leases * Please See Rent Roll CAM Charges $211,536 $8,333 $0.92 Miscelaneos Income $58,769 $4,897 $0.63 2.8%
Total Other Income: $270,305 $22,525 $2.92 13.0%
Effective Gross Income $2,289,325 $190,777 $24.70 110.0%
Operating Expenses: Real Estate Taxes $324,548 $27,046 $3.50 15.6% Retail Building Expenses $78,708 $6,559 $0.85 3.8% Office Building Expenses $161,243 $13,437 $1.74 7.7% Managment Fees $79,094 $6,591 $0.85 3.8% Insurance (Flood,Hazard,Liabilit y) $126,129 $10,511 $1.36 6.1% Payroll $73,687 $6,141 $0.80 3.5%
Total Expenses: $518,861 $43,238 $5.60 24.9%
Net Operating Income: $1,770,464 $147,539 $19.10 85.1%
Cash Flow : $1,770,464 $147,539 $19.10 85.1%
Purchase Price: $25,000,000 $269.73 Per Sqft
Cap Rate: 7.1%
Operating Statement STIRLING SQUARE OFFICE / RETAIL CENTER - HOLLYWOOD, FL
92,685
Investment Overview
STIRLING SQUARE
Location Overview
PropertyDescription
This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property. Ouyersm ust verify the information when determining their best choice of action. .
DIRECTIONS
From I-95 :
1. Exit West on Stirling Rd. 2. Drive about 3 Miles. Property is on North side of road.
Aerial
STIRLING SQUARE
PropertyDescription
This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property. Ouyersm ust verify the information when determining their best choice of action. .
Site Plan
STIRLING SQUARE
Parcel 2901-2921 Folio# 5042 32 39 0010 Size: 57,046 Sq.Ft.
PropertyDescription
This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property. Ouyersm ust verify the information when determining their best choice of action. .
Site Plan
STIRLING SQUARE
Parcel 2855-2897 fo Folios# 50-42-32-17-131, 50-42-32-17-1310 Size: 48203 Sq Ft
PropertyDescription
This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property. Ouyersm ust verify the information when determining their best choice of action. .
Additional Property Photos
STIRLING SQUARE
PropertyDescription
This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property. Ouyersm ust verify the information when determining their best choice of action. .
Property Photos
STIRLING SQUARE
PropertyDescription
This analysis has been prepared solely for informational purposes to assist the owner(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for misstatements of facts, errors, omissions, or prior sale of the property. Ouyersm ust verify the information when determining their best choice of action. .
STIRLING SQUARE
Hollywood, Fl 33312 2901 Stirling Road
Exclusively presented by:
"Results Through Collaboration"
Results Through Colaboration Collaboration Though Results" Collaboration Though Results" Collaboration Though Results"
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