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Date Oct 2011 Sale Type Investment

GLA 102,950 SF Stories 1 Typical Floor 102,950 SF Docks 2 ext Construction Masonry

Year Built 1997 Tenancy Multi Owner Occup No Elevators None

Land Acres 9.78 AC Bldg FAR 0.24

Land SF 426,016 SF

• • •

•1 Other Tenant Anchors

Sold Price $55,500,000 ($539.10/SF)

Financing Down Payment of $55,500,000 (100%)

Type 4 Star Retail (Community Center) Center Aventura Square

Parking 717 free Surface Spaces are available; Ratio of 3.18/1,000 SF

Frontage 577' on Biscayne Blvd (with 2 curb cuts)

Taxes $3.13/SF (2011)

Walk Score® Very Walkable (87) Transit Score® Good Transit (61)

Zoning B2 Parcel 28­2203­055­0010

Name SF Occupied Bed Bath & Beyond 45,000 SF DSW 21,450 SF

The Jewelers Market 16,500 SF Old Navy 15,000 SF

Harmon Face Values 7,235 SF

7.0% 7.5% 6.3% 7.4%

True Owner Equity One, Inc. Recorded Owner Equity One Aventura Square LLC Owner Type REIT Developer Turnberry Associates

Primary Leasing Equity One, Inc.

1 Mi 3 Mi Population 26,164 181,292 Households 12,168 78,573 Average Age 43.30 42.70 Median HH Income $56,850 $44,784 Daytime Employees 21,504 80,747

Population Growth '15­'20 Household Growth '15­'20

19101­19275 Biscayne Blvd ­ Aventura Square AKA 191st St @ Biscayne Blvd/at 192nd St Aventura, FL 33180 ­ Aventura Submarket Fully Leased Building 102,950 SF Retail (Community Center) Building Built in 1997

 

Sale

Building

Land

Tenants

Market Conditions   Current YOY ChangeVacancy Rates

Current Building 0.0% 0.0% Submarket 3­5 Star 1.2% 0.8% Market Overall 3.2% 0.2%

NNN Asking Rents Per SF Submarket 3­5 Star $2.82 11.9% Market Overall $2.63 6.1%

Submarket Leasing Activity 12 Mo. Leased SF 64,675 37.9% Months on Market 4.0 13.1 mo

Submarket Sales Activity Current Prev Year 12 Mo. Sales Volume (Mil.) $45.5 $27.1 12 Mo. Price Per SF $1,261 $753

Property Contacts

Demographics

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Bus Line Dedicated Turn Lane Freeway Visibility

Out Parcel Pylon Sign Signage

More

Commuter Rail   Drive  Distance

Hollywood Commuter Rail (Tri­County Commuter)   11 min  5.5 mi

Golden Glades Commuter Rail (Tri­County Commuter)   12 min  6.6 mi

Airport   Drive  Distance

Fort Lauderdale/Hollywood International Airport   21 min  10.6 mi

Miami International Airport   42 min  25.2 mi

 Marketing Brochure/Flyer

 Deed  Press Release

Made with TrafficMetrix® Products

Collection Street Cross Street Traffic Vol Year Distance Biscayne Blvd NE 191st St 99,796 2014 0.12 mi NE 192nd St W Country Club Dr 46,164 2014 0.14 mi W Dixie Hwy NE 192nd St 9,060 2014 0.25 mi NE 186th St W Dixie Hwy 50,751 2014 0.43 mi Biscayne Blvd NE 183rd St 86,050 2014 0.50 mi

Property

Last Sale

2nd Address 191st St @ Biscayne Blvd Zip 33180 Submarket Aventura Submarket Cluster Aventura Market South Florida County Miami/Dade State Florida CBSA Miami­Miami Beach­Kendall, FL DMA Miami­Ft Lauderdale, FL

Property ID: 1177149

Amenities

Building Notes Located in the heart of affluent Aventura, FL, the 225,000 square foot power center includes a 166­room Courtyard by Marriott along with an excellent mix of national and regional merchants such  as  Bed  Bath  &  Beyond,  Old  Navy,  DSW,  Starbucks  Cafe  and  International  Jewelers Exchange,  a  collection  of  more  than  40  upscale  jewelry  retailers.  The  International  Jewelers Exchange at Aventura features a collection of 45 fine jewlry retailers with an extensive variety of jewelry  services  in  a  new,  sophisticaed  and  invitingly  comfortable  setting.  The  International Jewelers Exchange is located beside Old Navy but offers a number of amenities, such as valet parking, a reception...

Public Transportation

Traffic

Documents

Assessment 2015 Assessment

Improvements Land

Total Value

   $8,930,844

 $28,969,156 $37,900,000

   $86.75/SF  $68.00/SF $88.96/SF

     

 68% of last sale

Location

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Primary Photo

 

Building Photo

Building Photo

 

Building Photo

Building Images

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Building Photo

 

Site Plan

Plat Map

 

Tenant Photo

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Tenant Photo

 

Tenant Photo

Aventura Office Submarket Map

 

North Dade County Office Market Map

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South Florida Office Submarket Overview Map

 

South Florida Office Market Overview Map