801 NORTH FEDERAL HIGHWAY

HALLANDALE BEACH
FLORIDA, 33009
OFFERING MEMORANDUM

!1

WARRANTY AND CONFIDENTIALITY

This is a confidential Offering Memorandum, which is intended solely for your limited use and benefit
in determining whether you desire to express any further interest in acquiring The Land or Property,
located in Hallandale Beach, Florida. You are bound by the Confidentiality Agreement executed in
connection with your receipt of this Offering Memorandum.
This Offering Memorandum was prepared by Douglas Elliman Commercial Florida, a Florida limited
liability Company broker. It contains selected information pertaining to the Property and does not
purport to be all-inclusive or to contain all of the information, which prospective investors may desire. It
should be noted that all or any of the market analysis projections are provided for general reference
purposes and are based on assumptions relating to the general economy, competition and other
factors beyond our control and, therefore, are subject to material variation.
Additional information and an opportunity to inspect material related to the hotel will be made
available to interested and qualified prospective capital sources. Neither the Owner, Broker, nor any of
their respective officers have made any representation or warranty, expressed or implied, as to the
accuracy or completeness of this Offering Memorandum or any of its contents, and no legal
commitments or obligations shall arise by reason of this Offering Memorandum or its contents.
It is essential that all parties to real estate transactions be aware of the health, liability and economic
impact of environmental factors on real estate. Broker does not conduct investigations or analyses of
environmental matters and, accordingly, urges interested parties to retain qualified environmental
professionals to determine whether hazardous or toxic wastes or substances (such as asbestos, pcbs,
other contaminants or petrochemical products stored in underground tanks) or other undesirable
materials or conditions are present at the Hotels and if so, whether any health danger or other liability
exists.
Various laws and regulations have been enacted at the federal, state and local levels dealing with the
use, storage, handling, removal, transport and disposal of toxic or hazardous wastes and substances.
Depending on past, current and proposed uses of the Hotel, it may be prudent to retain an
environmental expert to conduct a site investigation and/or building inspection. If such substances
exist or are contemplated to be used at the hotel , special governmental approvals or permits may be
required.
Consequently, legal counsel and technical experts should be consulted where these substances are or
may be present. In this Offering Memorandum, certain documents are described in summary form. The
summaries do not purport to be complete descriptions of the full agreements involved, nor do they
purport to constitute any legal analysis of the provisions of the documents. This brochure shall not be
deemed an indication of the state of affairs of the Owner nor constitute an indication that there has
been no change in the business or affairs of the Owner since the date of preparation of this Offering
Memorandum. Duplication of the Offering Memorandum in part or entirety without the expressed
written consent of Broker is not authorized.

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PROPERTY HIGHLIGHTS
PROPERTY SUMMARY
PROPERTY
ADDRESS

801 North Federal Highway

ZONING
Commercial

PARCEL
34-2103-001-0717

LAND AC
3.62 AC +/-

TYPE
2 Star Commercial Land

FRONTAGE
279' on NE 6th Ave
265' on NE 7th St

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PROPERTY HIGHLIGHTS
LOCATION HIGHLIGHTS
RETAILERS

SITE

!4

PROPERTY HIGHLIGHTS
TRAFFIC COUNT

SITE

!5

PROPERTY HIGHLIGHTS
POPULATION

8,430

7,484

3,189

9,927

SITE

4,848

5,995

6,660

7,376

6,022

!6

PROPERTY HIGHLIGHTS
MAP

SITE

!7

MARKET HIGHLIGHTS
LEASE COMPARALES ON NORTH FEDERAL HWY

Address

Property Type

City

Property Size

Space Avail

Rent/SF/Yr

250 N Federal Hwy

Hallandale Beach

Retail/Storefront

14,900 SF

1,900 SF

$24.00

1400 S Federal Hwy

Hollywood

Retail/(Strip Center)

33,939 SF

4,200 SF

$26.40

1428 S Federal Hwy

Hollywood

Retail

1,836 SF

1,836 SF

$23.04

611-701 E Hallandale Beach

Hallandale Beach

Retail/Freestanding

3,578 SF

600 SF

$29.00

800 E Hallandale Beach Blvd

Hallandale Beach

Retail/(Neighborhood Center)

33,306 SF

2,200 SF

Withheld

!8

MARKET HIGHLIGHTS
LEASE COMPARALES

Address

Property Type

City

Property Size

Space Avail

Rent/SF/Yr

250 N Federal Hwy

Hallandale Beach

Retail/Storefront

14,900 SF

1,900 SF

$24.00

1400 S Federal Hwy

Hollywood

Retail/(Strip Center)

33,939 SF

4,200 SF

$26.40

1428 S Federal Hwy

Hollywood

Retail

1,836 SF

1,836 SF

$23.04

401-405 E Hallandale Beach

Hallandale Beach

Retail/(Strip Center)

1600-1780 E Hallandale Beach

Hallandale Beach

2301-2309 E Hallandale Beach

Hallandale Beach

2351 E Hallandale Beach Blvd

Hallandale Beach

Retail/Freestanding
(Neighborhood Center)
Retail/Freestanding
(Community Center)
Retail/Freestanding
(Community Center)

1814 Harrison St

Hollywood

Retail/Restaurant

Copyrighted report licensed to Douglas Elliman - 654560.

Only properties with valid lat/lon display on map

3,335 SF

650 SF

106,661 SF

11,878 SF

$21.00-$25.00

$28.00

10,000 SF

6,196 SF

$35.00

6,692 SF

6,250 SF

$35.00

3,000 SF

2,708 SF

$34.56

!9

8/17/2015
Page 1

MARKET HIGHLIGHTS
LEASE COMPARALES SUMMARY
Lease Comp Summary
Lease Comps Report
Deals

NNN Asking Rent Per SF

NNN Starting Rent Per SF

Avg. Months On Market

11

$25.00

10

LEASE COMPARABLES

SUMMARY STATISTICS
Rent

Deals

Low

Average

Median

High

NNN Asking Rent Per SF

$25.00

$25.00

$25.00

$25.00

NNN Starting Rent Per SF

NNN Effective Rent Per SF

Asking Rent Discount

TI Allowance

Months Free Rent

High

Lease Attributes

Deals

Low

Average

Median

Months on Market

10

10

37

Deal Size

11

800

2,180

1,200

6,000

Lease Deal in Years

1.0

3.7

3.0

10.0

Floor Number

11

GRND

GRND

!10

Copyrighted report licensed to Douglas Elliman - 654560.

8/17/2015

Page 1

MARKET HIGHLIGHTS
LEASE COMPARALES SUMMARY
Lease Comparables
Lease Comps Report
Lease
Property Name - Address

1
2
3
4
2
5
6
7
2
2
2

710 Atlantic Shores Blvd

800 E Hallandale Beach Blvd
Young Circle Shopping Cen
1720 E Young Cir
Premiere Building
1250 E Hallandale Beach
800 E Hallandale Beach Blvd
250 N Federal Hwy
Faith Shopping Plaza
632-680 E Hallandale
Mar Bay Hotel Condo
26 Diplomat Pky
800 E Hallandale Beach Blvd
800 E Hallandale Beach Blvd
800 E Hallandale Beach Blvd

Rating

Rents

SF Leased

Floor

Sign Date

Type

Rent

Rent Type

800

1st

6/25/2015

New

$23.00/mg

Asking

1,200

1st

6/15/2015

New

3,500

1st

3/23/2015

New

$25.00/nnn

Asking

3,540

GRND

2/25/2015

New

$22.00/mg

Asking

1,150

1st

1/6/2015

New

2,200

1st

12/2/2014

New

$26.18/mg

Asking

6,000

1st

10/10/2014

New

$21.00/mg

Starting

2,500

1st

9/4/2014

New

$24.00/fs

Asking

1,200

1st

9/1/2014

New

1,000

1st

8/19/2014

New

900

1st

8/19/2014

Renewal

!11

8/17/2015

MARKET HIGHLIGHTS
RETAIL GAP ANALYSIS
Retail MarketPlace Profile
Polygon 3
Area: 0.18 square miles

Prepared by Esri
Latitude: 25.99805573
Longitude: -80.1425425

Summary Demographics
2015 Population
2015 Households
2015 Median Disposable Income
2015 Per Capita Income
NAICS
Industry Summary
Total Retail Trade and Food & Drink
Total Retail Trade
Total Food & Drink
Industry Group
Motor Vehicle & Parts Dealers
Automobile Dealers
Other Motor Vehicle Dealers
Auto Parts, Accessories & Tire Stores
Furniture & Home Furnishings Stores
Furniture Stores
Home Furnishings Stores
Electronics & Appliance Stores
Bldg Materials, Garden Equip. & Supply Stores
Bldg Material & Supplies Dealers
Lawn & Garden Equip & Supply Stores
Food & Beverage Stores
Grocery Stores
Specialty Food Stores
Beer, Wine & Liquor Stores
Health & Personal Care Stores
Gasoline Stations
Clothing & Clothing Accessories Stores
Clothing Stores
Shoe Stores
Jewelry, Luggage & Leather Goods Stores
Sporting Goods, Hobby, Book & Music Stores
Sporting Goods/Hobby/Musical Instr Stores
Book, Periodical & Music Stores
General Merchandise Stores
Department Stores Excluding Leased Depts.
Other General Merchandise Stores
Miscellaneous Store Retailers
Florists
Office Supplies, Stationery & Gift Stores
Used Merchandise Stores
Other Miscellaneous Store Retailers
Nonstore Retailers
Electronic Shopping & Mail-Order Houses
Vending Machine Operators
Direct Selling Establishments
Food Services & Drinking Places
Full-Service Restaurants
Limited-Service Eating Places
Special Food Services
Drinking Places - Alcoholic Beverages

44-45,722
44-45
722
NAICS
441
4411
4412
4413
442
4421
4422
443
444
4441
4442
445
4451
4452
4453
446,4461
447,4471
448
4481
4482
4483
451
4511
4512
452
4521
4529
453
4531
4532
4533
4539
454
4541
4542
4543
722
7221
7222
7223
7224

Demand
(Retail Potential)
$3,249,632
$2,942,635
$306,998
Demand
(Retail Potential)
$615,443
$525,488
$44,898
$45,056
$68,885
$35,204
$33,681
$75,318
$93,593
$76,634
$16,959
$509,663
$473,481
$15,131
$21,051
$234,107
$311,912
$187,011
$141,828
$24,112
$21,070
$61,922
$42,086
$19,835
$469,079
$153,343
$315,737
$81,643
$2,719
$24,457
$5,956
$48,510
$234,061
$199,383
$7,503
$27,174
$306,998
$141,560
$133,503
$10,234
$21,701

Supply
(Retail Sales)
$15,826,794
$11,177,743
$4,649,051
Supply
(Retail Sales)
$964,780
$0
$577,623
$0
$460,079
$0
$373,477
$0
$0
$0
$0
$1,778,896
$1,156,832
$62,527
$559,538
$0
$1,482,661
$3,121,164
$2,982,928
$0
$0
$0
$0
$0
$0
$0
$0
$269,197
$0
$0
$67,375
$194,796
$0
$0
$0
$0
$4,649,051
$1,137,275
$3,421,413
$0
$0

Retail Gap
-$12,577,162
-$8,235,108
-$4,342,053
Retail Gap
-$349,337
$525,488
-$532,725
$45,056
-$391,194
$35,204
-$339,796
$75,318
$93,593
$76,634
$16,959
-$1,269,233
-$683,351
-$47,396
-$538,487
$234,107
-$1,170,749
-$2,934,153
-$2,841,100
$24,112
$21,070
$61,922
$42,086
$19,835
$469,079
$153,343
$315,737
-$187,554
$2,719
$24,457
-$61,419
-$146,286
$234,061
$199,383
$7,503
$27,174
-$4,342,053
-$995,715
-$3,287,910
$10,234
$21,701

Leakage/Surplus
Factor
-65.9
-58.3
-87.6
Leakage/Surplus
Factor
-22.1
100.0
-85.6
100.0
-74.0
100.0
-83.5
100.0
100.0
100.0
100.0
-55.5
-41.9
-61.0
-92.7
100.0
-65.2
-88.7
-90.9
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
-53.5
100.0
100.0
-83.8
-60.1
100.0
100.0
100.0
100.0
-87.6
-77.9
-92.5
100.0
100.0

453
234
$25,840
$19,118
Number of
Businesses
16
13
3
Number of
Businesses
2
0
1
0
1
0
1
0
0
0
0
3
2
1
1
0
1
2
2
0
0
0
0
0
0
0
0
3
0
0
1
2
0
0
0
0
3
1
1
0
0

Data Note: Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are excluded. Demand (retail potential) estimates the expected amount
spent by consumers at retail establishments. Supply and demand estimates are in current dollars. The Leakage/Surplus Factor presents a snapshot of retail opportunity. This
is a measure of the relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents 'leakage' of retail
opportunity outside the trade area. A negative value represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. The Retail Gap
represents the difference between Retail Potential and Retail Sales. Esri uses the North American Industry Classification System (NAICS) to classify businesses by their
primary type of economic activity. Retail establishments are classified into 27 industry groups in the Retail Trade sector, as well as four industry groups within the Food
Services & Drinking Establishments subsector. For more information on the Retail MarketPlace data, please view the methodology statement at http://www.esri.com/library/
whitepapers/pdfs/esri-data-retail-marketplace.pdf.
Source: Esri and Dun & Bradstreet. Copyright 2015 Dun & Bradstreet, Inc. All rights reserved.

July 13, 2015

Prepared by Esri
2015 Esri

www.esri.com/ba

800-447-9778

Try it Now!

Page 1 of 2

!12

MARKET HIGHLIGHTS
RETAIL GAP ANALYSIS
Retail MarketPlace Profile
Polygon 3
Area: 0.18 square miles

Prepared by Esri
Latitude: 25.99805573
Longitude: -80.1425425

Leakage/Surplus Factor by Industry Subsector

Motor Vehicle & Parts Dealers
Furniture & Home Furnishings Stores
Electronics & Appliance Stores
Bldg Materials, Garden Equip. & Supply Stores
Food & Beverage Stores
Health & Personal Care Stores
Gasoline Stations
Clothing and Clothing Accessories Stores
Sporting Goods, Hobby, Book, and Music Stores
General Merchandise Stores
Miscellaneous Store Retailers
Nonstore Retailers
Food Services & Drinking Places

-80

-60

-40

-20
0
20
Leakage/Surplus Factor

40

60

80

Leakage/Surplus Factor by Industry Group

Automobile Dealers
Other Motor Vehicle Dealers
Auto Parts, Accessories, and Tire Stores
Furniture Stores
Home Furnishings Stores
Electronics & Appliance Stores
Building Material and Supplies Dealers
Lawn and Garden Equipment and Supplies Stores
Grocery Stores
Specialty Food Stores
Beer, Wine, and Liquor Stores
Health & Personal Care Stores
Gasoline Stations
Clothing Stores
Shoe Stores
Jewelry, Luggage, and Leather Goods Stores
Book, Periodical, and Music Stores
Department Stores (Excluding Leased Depts.)
Other General Merchandise Stores
Florists
Office Supplies, Stationery, and Gift Stores
Used Merchandise Stores
Other Miscellaneous Store Retailers
Electronic Shopping and Mail-Order Houses
Vending Machine Operators
Direct Selling Establishments
Full-Service Restaurants
Limited-Service Eating Places
Special Food Services
Drinking Places (Alcoholic Beverages)

-80

-60

-40

-20
0
20
Leakage/Surplus Factor

40

60

80

Source: Esri and Dun & Bradstreet. Copyright 2015 Dun & Bradstreet, Inc. All rights reserved.

July 13, 2015

!13

Prepared by Esri
2015 Esri

www.esri.com/ba

800-447-9778

Try it Now!

Page 2 of 2

MARKET HIGHLIGHTS
BROWARD COUNTY RETAIL MARKET

!14

Please Contact

DAVID RESTAINER

Managing Director - Commercial Real estate

O: 305.482.1450
E: David.Restainer@elliman.com

MITASH KRIPALANI

Realtor Associate- Douglas Elliman Commercial

O: 786.271.5598
E: Mitash.Kripalani@elliman.com

Douglas Elliman Real Estate 1111 Lincoln Road,

Penthouse 805 Miami Beach, Florida 33139

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