CORONADO AT DORAL: A RESIDENTIAL INVESTMENT OPPORTUNITY

Transcription

1 CORONADO AT DORAL: A RESIDENTIAL INVESTMENT OPPORTUNITY 8900 NW 107 CT DORAL, FL PRESENTED BY: HERZ DUPOND GROUP

2 PROPERTY SUMMARY INVESTMENT SUMMARY RESIDENTIAL BULK OPPORTUNITY 14 Residential Units 100% OCCUPANCY PROPERTY ADDRESS 8900 NW 107th Ct. Doral, Florida PROPERTY TYPE UNITS CONDO TYPE CONDO TYPE CONDO SIZE RANGE Residential Condo / Townhouse 14 Folios (per Miami Dade Tax Roll) are for sale as part of this offering. All folios are leased. 3 Bed / 2 Bath ( 6 units) 3 Bed / 2.5 Bath (8 units) 1,207-1,313 SF TOTAL UNITS IN PROJECT 327 LOWEST PRICED UNIT ON THE MARKET $260,000 HIGHEST PRICED UNIT ON THE MARKET $349,000 AVERAGE PRICE PER UNIT ON PACKAGE $300,000 YEAR BUILT TOTAL 17,452 SF TOTAL NOI $181,908 ASKING PRICE $4,250,000 HERZ DUPOND GROUP WH@FIR.COM INFO@WHMIAMI.COM PAGE 2

3 PROPERTY SUMMARY Herz Dupond Group is pleased to offer this package for sale. Coronado at Doral is a multifamily project built between the years of The project consists of 327 condominiums and townhomes divided in twelve 2 story buildings. The property is convenient located in the intersection of 107th Ct and 89th Street in Doral, Florida. FIR is exclusively offering 14 folio # s for sale representing approximately 17,452 SF. This offering is an excellent opportunity for a bulk investor to purchase well sized units, all rented and receive positive cash flow. All these units were renovated in 2011 with new flooring, new kitchen appliances. HERZ DUPOND GROUP WH@FIR.COM INFO@WHMIAMI.COM PAGE 3

4 AVAILABLE FOR SALE 8900 NW 107TH COURT LO C ATION AMELIA EARHART PARK DORAL LEGACY PARK CVS MIDTOWN DOR AL PUBLIX WELLS FARGO CITIBANK McDONALD S LE N N A R BANK OF AMERICA T O M E T PA L RO N A L D R E AG A N ( F L O R I DA ) ISL AN D S O F D O R AL R. REAGAN SR. HIGH 6 ) ( 8 2 FLAGLER STATION Y S WA R E S P X E T U R N P I K E CORONADO BEST BUY DOLPHIN MALL NORTH MIAMI BEACH MIAMI L AKES N HIALEAH MIAMI INTERNATIONAL AIRPORT HERZ DUPOND GROUP WH@FIR.COM INFO@WHMIAMI.COM PAGE 4

5 LOCATION OVERVIEW DORAL LEGACY NW 82nd Street and NW 114th Avenue NW 114th Avenue park is conceived as a place in which the community can gather to enjoy sports, cultural arts, and nature in a safe environment that is representative of the beautiful city of Doral. The park is encompassed 18+ acres in the section 7 area of Doral. HERZ DUPOND GROUP WH@FIR.COM INFO@WHMIAMI.COM PAGE 5

6 FLOORPLAN HERZ DUPOND GROUP PAGE 6

7 PICTURES HERZ DUPOND GROUP PAGE 7

8 TURNPIKE AVAILABLE FOR SALE 8900 NW 107 TH COURT DORAL MARKET OVERVIEW DORAL PARK PALMETTO Doral, incorporated on June 24, 2003, in one of thirty-four municipalities in Miami-Dade County, Florida. Conveniently located just one mile from Miami International Airport and twelve miles from Downtown Miami Doral is home to approximately 50,213 residents and regularly hosts in excess of 100,000 people who work within the City. The City of Doral occupies a land area of 15 square miles bordered on the west by the Ronald Reagan Turnpike, to the north by the Town of Medley, to the east by the Palmetto Expressway and to the South by the City of Sweetwater. From 2010 to 2013 Doral welcomed almost 6,000 new residents, a gain of more than 14% Young and thriving community. Most people concentrated in age ranges of 0-14 and Married couples with children. Average Household Income of more than $89k. 4.4% unemployment rate, over a full percentage point lower than the statewide rate. HERZ DUPOND GROUP WH@FIR.COM INFO@WHMIAMI.COM PAGE 8

9 DORAL MARKET OVERVIEW Major National Corporations with Headquarters in Doral, Florida Over 150,000 employees come to work to Doral everyday. Home to the most Fortune 500 companies in Dade County and government headquarters such as: Carnival Cruise Line and Carnival Corporation Benihana Perry Ellis International SEARS Federal Reserve Bank Univision Gold Coast Beverages Wal-mart Brinks Inc Amadeus Doral Trump Golf Resort and Spa (Home to the Cadillac PGA Tournament) HERZ DUPOND GROUP PAGE 9

10 DEMOGRAPHICS POPULATION 1-MI. 3-MI. 5-MI Male Population 4,684 47, , Female Population 5,063 50, ,622 % 2015 Male Population 48.06% 48.15% 48.60% % 2015 Female Population 51.94% 51.85% 51.40% 2015 Total Population: Adult 6,937 73, , Total Daytime Population 20, , , Total Employees 15,177 51, , Total Population: Median Age Total Population: Adult Median Age Total population: Under 5 years 800 6,433 13, Total population: 5 to 9 years 847 6,948 13, Total population: 10 to 14 years 768 6,970 14, Total population: 15 to 19 years 755 6,443 14, Total population: 20 to 24 years 568 6,110 15, Total population: 25 to 29 years 729 6,373 15, Total population: 30 to 34 years 879 7,000 14, Total population: 35 to 39 years 953 8,227 17, Total population: 40 to 44 years 896 8,823 19, Total population: 45 to 49 years 684 8,235 19, Total population: 50 to 54 years 491 6,638 16, Total population: 55 to 59 years 331 5,189 13,531 Doral Bulk Package NW 89 ST, Doral, FL Demographics POPULATION (CONT.) 1-MI. 3-MI. 5-MI Total population: 60 to 64 years 258 4,326 11, Total population: 65 to 69 years 227 3,532 10, Total population: 70 to 74 years 182 2,535 8, Total population: 75 to 79 years 220 1,864 6, Total population: 80 to 84 years 93 1,171 4, Total population: 85 years and over 66 1,043 4,580 % 2015 Total population: Under 5 years 8.21% 6.57% 5.57% % 2015 Total population: 5 to 9 years 8.69% 7.10% 5.90% % 2015 Total population: 10 to 14 years 7.88% 7.12% 6.00% % 2015 Total population: 15 to 19 years 7.75% 6.58% 6.01% HERZ DUPOND GROUP WH@FIR.COM INFO@WHMIAMI.COM PAGE 10

11 PROPERTY SUMMARY % 2015 Total population: 20 to 24 years 5.83% 6.24% 6.53% % 2015 Total population: 25 to 29 years 7.48% 6.51% 6.44% % 2015 Total population: 30 to 34 years 9.02% 7.15% 6.38% % 2015 Total population: 35 to 39 years 9.78% 8.41% 7.39% % 2015 Total population: 40 to 44 years 9.19% 9.02% 8.31% % 2015 Total population: 45 to 49 years 7.02% 8.42% 8.31% % 2015 Total population: 50 to 54 years 5.04% 6.78% 7.10% % 2015 Total population: 55 to 59 years 3.40% 5.30% 5.77% % 2015 Total population: 60 to 64 years 2.65% 4.42% 5.03% % 2015 Total population: 65 to 69 years 2.33% 3.61% 4.43% % 2015 Total population: 70 to 74 years 1.87% 2.59% 3.79% POPULATION (CONT.) 1-MI. 3-MI. 5-MI. % 2015 Total population: 75 to 79 years 2.26% 1.90% 2.96% % 2015 Total population: 80 to 84 years 0.95% 1.20% 2.13% % 2015 Total population: 85 years and 0.68% 1.07% 1.95% over 2015 White alone 8,796 88, , Black or African American alone 205 2,303 7, American Indian and Alaska Native alone 2015 Asian alone 224 1,996 3, Native Hawaiian and OPI alone Some Other Race alone 359 3,054 6, Two or More Races alone 143 1,827 4, Hispanic 8,306 86, , Not Hispanic 1,441 11,637 24,791 % 2015 White alone 90.24% 90.48% 90.91% % 2015 Black or African American alone 2.10% 2.35% 3.10% % 2015 American Indian and Alaska 0.19% 0.13% 0.12% Native alone % 2015 Asian alone 2.30% 2.04% 1.37% % 2015 Native Hawaiian and OPI alone 0.01% 0.01% 0.01% % 2015 Some Other Race alone 3.68% 3.12% 2.67% % 2015 Two or More Races alone 1.47% 1.87% 1.81% % 2015 Hispanic 85.22% 88.11% 89.44% % 2015 Not Hispanic 14.78% 11.89% 10.56% Doral Bulk Package HERZ DUPOND GROUP WH@FIR.COM INFO@WHMIAMI.COM PAGE 11

12 PROPERTY SUMMARY POPULATION (CONT.) 1-MI. 3-MI. 5-MI Not Hispanic: White alone 29 7,347 21, Not Hispanic: Black or African 6 1,834 3,827 American alone 2015 Not Hispanic: American Indian and n/a Alaska Native alone 2015 Not Hispanic: Asian alone , Not Hispanic: Native Hawaiian and n/a 1 5 OPI alone 2015 Not Hispanic: Some Other Race n/a alone 2015 Not Hispanic: Two or More Races % 2015 Not Hispanic: White alone 22.14% 12.06% 11.58% % 2015 Not Hispanic: Black or African 4.58% 3.01% 2.04% American alone % 2015 Not Hispanic: American Indian 0.00% 0.04% 0.04% and Alaska Native alone % 2015 Not Hispanic: Asian alone 3.82% 1.56% 1.14% % 2015 Not Hispanic: Native Hawaiian 0.00% 0.00% 0.00% and OPI alone % 2015 Not Hispanic: Some Other Race 0.00% 0.08% 0.05% alone % 2015 Not Hispanic: Two or More Races 2.29% 0.57% 0.43% POPULATION CHANGE 1-MI. 3-MI. 5-MI. Total: Employees (NAICS) n/a n/a n/a Total: Establishements (NAICS) n/a n/a n/a Doral Bulk Package NW 89 ST, Doral, FL Demographics POPULATION (CONT.) 1-MI. 3-MI. 5-MI Total Population 9,747 97, , Households 2,951 29,201 72,179 Population Change ,255 12,634 21,053 HERZ DUPOND GROUP WH@FIR.COM INFO@WHMIAMI.COM PAGE 12

13 PROPERTY SUMMARY Household Change ,027 2,885 4,244 % Population Change % 14.82% 9.86% % Household Change % 10.96% 6.25% Population Change ,616 36,945 46,794 Household Change ,898 11,254 13,047 % Population Change 2000 to ,340.46% 60.65% 24.91% % Household Change 2000 to ,467.92% 62.71% 22.06% Housing 1-mi. 3-mi. 5-mi Housing Units 78 19,721 62, Occupied Housing Units 53 17,947 59, Owner Occupied Housing Units 40 12,747 34, Renter Occupied Housing Units 13 5,200 24, Vacant Housings Units 25 1,763 3,024 % 2015 Occupied Housing Units 67.95% 91.00% 95.15% HOUSING (CONT.) 1-MI. 3-MI. 5-MI. % 2015 Owner occupied housing units 75.47% 71.03% 58.37% % 2015 Renter occupied housing units 24.53% 28.97% 41.63% % 2000 Vacant housing units 32.05% 8.94% 4.87% Income 1-mi. 3-mi. 5-mi Household Income: Median $55,528 $53,185 $43, Household Income: Average $76,051 $73,971 $60, Per Capita Income $23,025 $22,128 $18, Household income: Less than 302 2,033 7,040 $10, Household income: $10,000 to 78 1,144 4,362 $14, Household income: $15,000 to 124 1,483 5,137 $19, Household income: $20,000 to 110 1,670 4,998 $24, Household income: $25,000 to 134 1,322 3,878 $29, Household income: $30,000 to $34, ,669 4,398 HERZ DUPOND GROUP WH@FIR.COM INFO@WHMIAMI.COM PAGE 13

14 PROPERTY SUMMARY 2015 Household income: $35,000 to $39, Household income: $40,000 to $44, Household income: $45,000 to $49, ,419 3, ,539 3, ,484 3, Household income: $50,000 to 189 2,629 5,803 $59, Household income: $60,000 to 410 2,998 6,830 $74, Household income: $75,000 to 313 3,660 7,267 $99, Household income: $100,000 to 208 2,096 4,178 $124, Household income: $125,000 to 121 1,200 2,146 $149, Household income: $150,000 to 202 1,571 2,531 $199,999 Doral Bulk Package NW 89 ST, Doral, FL Demographics Income (Cont.) 1-mi. 3-mi. 5-mi Household income: $200,000 or more % 2015 Household income: Less than $10,000 % 2015 Household income: $10,000 to $14,999 % 2015 Household income: $15,000 to $19,999 % 2015 Household income: $20,000 to $24,999 % 2015 Household income: $25,000 to $29, ,284 2, % 6.96% 9.75% 2.64% 3.92% 6.04% 4.20% 5.08% 7.12% 3.73% 5.72% 6.92% 4.54% 4.53% 5.37% HERZ DUPOND GROUP WH@FIR.COM INFO@WHMIAMI.COM PAGE 14

15 PROPERTY SUMMARY % 2015 Household income: $30,000 to $34,999 % 2015 Household income: $35,000 to $39,999 % 2015 Household income: $40,000 to $44,999 % 2015 Household income: $45,000 to $49,999 % 2015 Household income: $50,000 to $59,999 % 2015 Household income: $60,000 to $74,999 % 2015 Household income: $75,000 to $99,999 % 2015 Household income: $100,000 to $124, % 5.72% 6.09% 2.81% 4.86% 5.44% 3.96% 5.27% 5.31% 6.74% 5.08% 5.33% 6.40% 9.00% 8.04% 13.89% 10.27% 9.46% 10.61% 12.53% 10.07% 7.05% 7.18% 5.79% % 2015 Household income: $125,000 to 4.10% 4.11% 2.97% $149,999 % 2015 Household income: $150,000 to 6.85% 5.38% 3.51% $199,999 % 2015 Household income: $200,000 or 4.64% 4.40% 2.78% more Retail Sales Volume 1-mi. 3-mi. 5-mi Childrens/Infants clothing stores $891,312 $8,634,906 $20,335, Jewelry stores $294,039 $2,881,608 $6,675, Mens clothing stores $998,892 $9,808,787 $22,996, Shoe stores $1,023,899 $10,115,767 $23,751,749 Doral Bulk Package NW 89 ST, Doral, FL Demographics Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi Womens clothing stores $1,613,048 $16,043,758 $37,887, Automobile dealers $12,529,609 $123,920,139 $287,161, Automotive parts and accessories $2,415,312 $24,046,211 $56,617,519 stores 2015 Other motor vehicle dealers $302,951 $3,135,363 $7,573, Tire dealers $1,077,115 $10,740,424 $25,300,795 HERZ DUPOND GROUP WH@FIR.COM INFO@WHMIAMI.COM PAGE 15

16 PROPERTY SUMMARY 2015 Hardware stores $49,748 $501,055 $1,134, Home centers $478,871 $4,927,804 $11,299, Nursery and garden centers $560,603 $5,777,942 $13,395, Outdoor power equipment stores $267,978 $2,709,456 $6,344, Paint andwallpaper stores $57,874 $589,620 $1,354, Appliance, television, and other $1,661,490 $16,514,479 $38,323,584 electronics stores 2015 Camera andphotographic supplies $126,584 $1,246,402 $2,815,979 stores 2015 Computer andsoftware stores $4,523,926 $44,891,419 $106,676, Beer, wine, and liquor stores $801,923 $7,942,156 $18,666, Convenience stores $3,784,350 $37,002,482 $87,301, Restaurant Expenditures $3,369,953 $33,434,559 $78,293, Supermarkets and other grocery $13,252,093 $131,256,965 $314,050,800 (except convenience) stores 2015 Furniture stores $1,204,278 $11,951,722 $27,676, Home furnishings stores $4,029,757 $40,293,036 $94,884, General merchandise stores $21,534,910 $214,802,532 $502,828, Gasoline stations with convenience $11,472,045 $113,316,108 $267,892,429 stores Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi Other gasoline stations $8,145,188 $80,790,118 $191,298, Department stores (excl leased $21,240,871 $211,920,924 $496,153,457 depts) 2015 General merchandise stores $21,534,910 $214,802,532 $502,828, Other health and personal care $826,646 $8,223,504 $19,237,051 stores 2015 Pharmacies and drug stores $3,258,831 $32,685,017 $77,981, Pet and pet supplies stores $868,327 $8,748,246 $20,619, Book, periodical, and music stores $129,805 $1,298,070 $3,005, Hobby, toy, and game stores $390,795 $3,868,712 $9,080, Musical instrument and supplies $39,818 $391,503 $877,147 stores 2015 Sewing, needlework, and piece $70,073 $690,771 $1,633,052 goods stores 2015 Sporting goods stores $384,330 $3,775,922 $8,609,672 HERZ DUPOND GROUP PAGE 16

17 BULK PACKAGE 8900 NW 107 COURT DORAL, FL CALL WOLFGANG HERZ RICARDO DUPOND ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. ALL PROPERTIES ARE SUBJECT TO PRIOR SALE, CHANGE OR WITHDRAWAL. NEITHER LISTING BROKER(S) OR INFORMATION PROVIDER(S) SHALL BE RESPONSIBLE FOR ANY TYPOGRAPHICAL ERRORS, MISINFORMATION, MISPRINTS AND SHALL BE HELD TOTALLY HARMLESS. HERZ DUPOND GROUP PAGE 17