Unique Development Opportunity

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1 LoopNet - Unique Development Opportunity, Office (land), North Miami Beach, FL Page 1 of 2 10/17/2005 Unique Development Opportunity Property ID: Unique Development Opportunity Biscayne Boulevard North Miami Beach, FL County: Miami-Dade For more information, click to Fabian Garcia- (305) Diaz, GRI, PA Aerial View For Sale Active Primary Type: Lot Size: Land Office (land) 1.78 Acres Price: $8,500,000 Price/Acre: $4,775, Date Last Verified: 10/1/2005 Additional Photos Biscayne Blvd Exposure Car Wash Car Wash Lube Center Cafeteria Gas Station Additional Information Property Description: Excellent opportunity to build on 1.78 acres of land. Great location. Currently operated as a Car Wash with lube Center, and a Gas Station (Citgo) with a cafeteria inside. Environmental Phase-I have been recently performed with a clean report. Please see attached flyer (PDF) for projections. Location Description: The property is located in the city limit of North Miami and North Miami Beach, easy access from Biscayne Boulevard, close to 826 Expressway. Additional Types: Retail (land) Restaurant Service/Gas Station

2 Unique Development Opportunity North Miami & North Miami Beach Florida COMMERCIAL DIVISION SUMMARY: Excellent opportunity to build on 1.78 acres of land. The property is located in the city limits of North Miami and North Miami Beach. Easy access from Biscayne Boulevard, close to 826 Expressway. Currently operated as a Car Wash with Lube center, and a Gas Station (Citgo) with cafeteria. Environmental Phase I have been recently performed with a clean report. Asking Price $8,500,000 PROJECTIONS: Projection 1 2-story Retail / Office bldg. 150 parking spaces (around bldg.) 34,340 gross Sq. Ft. Projection 2 11-story Retail / Office tower 764 parking garage (Level 1 to 6) 178,500 gross Sq. Ft. For More Information please contact: FABIAN GARCIA-DIAZ, GRI, P.A. SENIOR REALTOR ASSOCIATE Direct Line: (305) The information contained herein has been provided by sources deemed reliable, however, no representation or warranty is made as to its accuracy. All information is submitted to errors, omissions, change or withdrawal without notice.

3 Jaime F Montalvan Southeast Florida MLS COM - COMMERCIAL / INDUSTRIAL 10/17/05 04:09 PM ML: D BC: FINR10 OF: Fortune International Realty AREA: 22 STATUS: A AD: BISCAYNE BL UN: CITY: AZON: LLP: LP: $8,500,000 CT: DADE F#: ZP: RP: CNT: GEOAR: MC: 6 TN: 22 SE: 21 SD: 7 PN: 0020 MAP: 2122 ST: FL PS: $ PU: PR: RETAIL MIXED USE ZN: 66/COMM TRAN: S #U: STYLE: RET BN: #BLD: #STOR: 1 YR: 1999 / RS #FLR: TYPE: COMMERC LGL: SUNNY ISLES BISC BLVD SUBPB 40-4 LOT 2 BLK 1 A/K/A PT OF INTERAMA TR LOT CLD: AUTO #I: 0 ENVAUDT: NONE BTYPE: INCOME RETAIL OWNSHP: CORP RDTYPE: DIVIDED #OFC: 0 INCL: LOCAT: CITY #BAY: 0 #LDR: 0 CONST: ROOF: BUILT-UP COL: WATRFR: N FLOOR: OTHER ELEC: 110 FIRE: NONE PARK: 0 / ASSIGNED COMMON STREET SECUR: ACRE#: AC: SF: LT: 204X152X211 YR ADD: LF: MXCL: CEIL: ICEIL: DRHT: EAVE: OC%: REM: EXCELLENT OPPORTUNITY TO BUILD ON 1.78 ACRES OF LAND CURRENTLY OPERATED AS CAR WASH. WITH OIL LUBE DKHT: CENTER AND CITGO GAS STATION WITH CAFETERIA. ENVIROMENTAL PHASE 1 HAVE BEEN RECENTLY PERFORMED 1HGT: OTH WITH A CLEAN REPORT FOR MORE INFO VISIT LOOPNET.COM POTENTIAL TO BUILT A 178,500 SF(GROSS) 11 STORY RETAIL/OFFICE BUILDING. 204 LINEAL FT ON BUSY BISCAYNE BLVD. 2EXP: 2BCH: #TEN: DIR: BISCAYNE BLVD TO 151 STREET ADJACENT TO WDWINN WOTTS GOLF SHOP. #MTR: #TLT: AC%: BRK-REM: 1) 2) 3) UNIT #UN BTH FUR RENT(S) UNIT #UN BTH FUR RENT(S) 4) RDFRT: RAIL: TENPAY: REIMB SF: CAMINC: CAM SF: INFO: OTHER LSETRM: MO-MO DEP: LEASE SF: MISC: HEAT: WTR: COOL: SWR: ASSUME: TRMSCONS: DAV/SOH: $919,896 TAL: $0 TAX: $25,278 TAXYR: 03 FEE: DMV/ASV: TM: MI: MGMT: TRASH: ACT-LEG: GSI: $0 GOI: SUPPL: ADVERT: UTILS: OTH: VAC: INSUR: MNT-RE: SERVIC: EXP: NOI: RETAX: MISCEL: TOTEXP: PERIOD: 0 SOURCE: SPEC: POSS: IDX: Y LPID: M 2PID: LTY: ER URL: A: COBA: OCCUP: CLLAGT PREV STATUS: PREV$: INET RMKS: 5) 6) 7) LS: Fabian Garcia-Diaz APH: OPH: x 0 2A: 2AG: FAX: ON: DIRECT LINE ON#: PH: PHOTO: NOPHO BRD: fabian2000usa@aol.com XCP/BROCHURE: WD: 2% COTB: 2% CONR: 2% VAR: N JA: N VT: SHOW: CALL-LA LD: XD: STATUS CHNG: OK ADV: Y L1: PRICE CHNG: ORIG$: $8,500,000 L2: Y/ EXCELLENT OPPORTUNITY TO BUILD ON 1.78 ACRES CURRENTLY OPERATED AS CARWASH, OIL LUBE CENTER, + CITGO GAS STATION PD: ECD: TR: CONTING: CB: *(c) 2005 DM: SPID: SPID2: CD: SS: SS2: -- Southeast Florida MLS -- INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED* SP: S1: S2:

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