Prime Wynwood Warehouse and Retail Space for Sale

Dave Colonna
Executive Vice President
305.790.8921
DaveColonna@FIPRealty.com

Overview 2
Location 3
Site Aerial 4
Property Photos 5
Plans and Zoning 8
Financials 9
Comparables 11
Submarket Overview 12
Market Profile 20

Overview
• Prime location at the entrance to Wynwood, the heart
of South Florida's fashion, art, design, and cuisine
• Consists of a total of 21,580 sq ft of warehouse/retail
space on a 16,413 sq ft lot
• Renovation opportunity with storefront space available
• Blocks from Miami Avenue and NW 2nd Avenue, and
less than 5 minutes to access I-95, Biscayne Blvd/US1,
and Downtown Miami
• Currently zoning being changed to T6-8 O, offering
opportunity of redevelopment
Creative Lofts Site
Property Address 164 NW 20th Street,
Miami, FL 33136
Property Type WAREHOUSE/RETAIL SPACE
Parcel ID’s 01-3136-055-0010
Total Lot Size 16,413 Sq. Ft
Total Building Size 21,580 Sq. Ft
Zoning INDUSTRIAL – GENERAL
Sales Term $4,495,000
Overview
F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0
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Location
F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0
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164NW20thStreet

WYNWOOD DISTRICT
Site Aerial
N. Miami Ave
DESIGN DISTRICT
MIDTOWN
MIAMI
Biscayne Blvd
4

Property Photos
4F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0
5

Property Photos
4F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0
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Property Photos
4F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0
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Pl ans and Zoni ng
4F I P R E A L T Y . C O M | 3 0 5 . 4 3 8 . 7 7 4 0
8
• Warehouse spaces could be renovated to add storefront access
• Property to be rezoned T6-8 O under Miami 21
•Offices/Studios on the second currently divided into 6 units
• Could be redeveloped up to eight (8) stories
• High visibility frontage on busy N 20th Street
• Parking area in back of the building

Purchase Price $4,495,000.00
Property Value $4,495,000.00
Effective Gross Income $178,914.00
Operating Expenses $83,583.94
Net Operating Income $95,330.06
Current Vacancy (%of Rentable Sq. Ft.) 25%
Total Rentable Square Feet 15,800 Sq. Ft.
9
CREATIVE LOFTS
Unit # Rentable SF
Price
PSF
Base Rent C.A.M Gross Rent Terms
101-102 1800 $ 1.16 $ 2,086.50 $ 651.00 $ 2,737.50 10/2014 to 9/2016
103 800 $ 1.38 $ 1,100.00 $ 1,100.00 Month to Month
104 2400 $ 0.91 $ 2,172.00 $ 300.00 $ 2,472.00 6/2013 to 6/2015
105 2000 $ -
106 2000 $ -
201 1000 $ 1.30 $ 1,300.00 $ 300.00 $ 1,600.00 9/2014 to 8/2015
202 1300 $ 0.85 $ 1,100.00 $ 200.00 $ 1,300.00 9/2011 to 6/2015
203 1300 $ 0.85 $ 1,100.00 $ 200.00 $ 1,300.00 6/2011 to 6/2015
204 800 $ 1.16 $ 930.00 $ 170.00 $ 1,100.00 10/2014 to 9/2015
205 800 $ 1.16 $ 930.00 $ 170.00 $ 1,100.00 Month to Month
206 800 $ 1.16 $ 930.00 $ 170.00 $ 1,100.00 Month to Month
207 800 $ 1.16 $ 930.00 $ 170.00 $ 1,100.00 Month to Month
TOTAL 15800 $ 11.08 $ 12,578.50 $2,331.00 $14,909.50
Annual Operating Expenses Annual Property Operating Data
Management $ 9,600.00 Building Address 164 NW 20 St
Insurance $ 11,500.00 Building Size 21,580
Garbage $ 2,565.32 Rentable SF 15,800
FPL $ 21,119.06 Lot Size 16,413
Water $ 4,835.56 Number of Floors 2
Taxes $ 20,436.00 Number of Units 12
Florida Department of Revenue $ 4,028.00 Year Built 1924
Repair & Maintenance $ 9,500.00 Vacancy 25%
Asking Price $ 4,495,000.00
Net Operating Expenses $ 83,583.94 Price PSF $ 205.00
Gross Operating Income $ 178,914.00
Rent Roll as provided to FIP Realty, current as of 06/2015 Net Operating Income $ 95,330.06

10
Purchase Price $ 4,495,000.00
Initial Capital Improvements $ 300,000.00
Initial Closing Costs $ 44,950.00
Total value, including initial costs: $ 4,839,950.00
Gross Scheduled Annual Income (Retail) $324,000.00
Gross Scheduled Annual Income (Office) $183,600.00
Total Gross Scheduled Annual Income (GSI) $507,600.00
Operating Expense: 20% (of GSI) $101,520.00
Net Operating Incom (NOI) $406,080.00
Cap Rate 8.39%
Gross Rent Multiplier 8.855397951
Cost per Square Foot $ 208.29
If Sold After 5
With possible rent increases of 3
and a possible annual growth rate of 5
Estimated future value @ 6.5% CAP SELLING $7,031,486.42
Less selling costs of 7% $492,204.05
Net Proceeds of Sale $6,539,282.37
Less Initial Investment of $ 4,839,950.00
Growth of Initial Investment $1,699,332.37
Plus Cash Flow - 5 Year (also up by 3% per year) $2,155,933.87
Total Gain/Loss $ 3,855,266.24
Internal Rate of Return - Annual 15.93%
Average Return per Year 8.91%
Total Return on Investment (ROI) 80%
164 NW 20th Street, Miami, Florida Proforma
Unit # Rentable SF Net Rent Annual
101-102 1,800.00 $30.00 $54,000.00
103 800.00 $30.00 $24,000.00
104 2,400.00 $30.00 $72,000.00
105 2,000.00 $30.00 $60,000.00
106 2,000.00 $30.00 $60,000.00
201 1,000.00 $20.00 $20,000.00
202 1,300.00 $20.00 $26,000.00
203 1,300.00 $20.00 $26,000.00
204 800.00 $20.00 $16,000.00
205 800.00 $20.00 $16,000.00
206 800.00 $20.00 $16,000.00
207 800.00 $20.00 $16,000.00
Totals 15,800.00 $406,000.00

Sales ComparableSales Comparable
2
3
MAP
ID ADDRESS
SALES
DATE
PURCHASE
PRICE
LAND
SIZE
LAND
PRICE PSF
BLDG
SIZE
BLDG
PRICE
PSF
1 2400 NE 2nd Avenue 3/18/2015 $3,700,000 12,872 $287 7,167 $516
2 210 NW 24th Street 1/12/2015 $1,300,000 4,600 $283
3 28 NE 26th Street 3/25/2015 $1,460,000 5,150 $283 4,180 $349
4 2050 N Miami Avenue 12/16/2014 $12,500,000 45,000 $278 19,684 $635
1
11
4

5F I P R E A L T Y . C O M | 7 8 6 . 4 6 3 . 4 9 7 7
Wynwood Art District
The area known as Wynwood is nestled between I-95 and Biscayne Boulevard,
from 20th to 29th streets, South of the Design District. The Wynwood neighborhood
is South of Midtown Miami and is North of Downtown Miami and Overtown,
adjacent to Edgewater, and has two major sub-districts, the Wynwood Art District
in Northern Wynwood, and the Wynwood Fashion District along West 5th Avenue.
Wynwood is served by Metrobus throughout the area, and by the Miami Metrorail
in adjoining Allapattah less than a mile West. The Wynwood area is 10-15 minutes
from anywhere in the Greater Miami area and is well suited to serve local business
and the Downtown, Brickell and Miami Beach areas. Wynwood is 1.43 square
miles and has a population of 19,799 and 4,967 Households according to the 2010
Census.
Wynwood has seen tremendous gentrification with increased investment and
developments. The Shops at Midtown development built in the 2007, brought
renewed attention to the area and is a diverse mix of high-rise condos, industrial
chic lofts, restaurants, retail shops, and live-work space. The Wynwood area draws
in thousands during Art Basel for its pop-up parties and galleries and inspires
unusual collaborations between musicians, artists, graphic designers, and
commercial brands. The streets of Wynwood are bustling; the once quiet
neighborhood surrounded by warehouses is now in the midst of a gentrified
renaissance. The second Saturday night of every month, is "ArtWalk" in Wynwood,
and the art galleries and studios open their doors to the public for viewing.
Wynwood is also home to Wynwood Walls - an outdoor mural permanent exhibit
featuring some of the worlds most renowned street artists.
The largest of events held in this area is the annual Art Basel Miami international
contemporary arts exhibition, drawing an expected 65,000 attendees in 2012 with
an economic impact estimated at over $500M annually.
13

5
Wynwood Art Walk
Second Saturday of EVERY Month Wynwood hosts an art walk that
displays hundreds of local and known artists in a fun and vibrant setting.
Galleries, restaurants, and boutiques open their doors from 7-10pm and
over 8,000 people attend monthly.
Wynwood Art Fair
October
A collaborative, interactive, performance-based, contemporary art fair
involving every major contemporary art institution and works of
internationally acclaimed artists from Miami and across the country.
Art Basel
December
Art Basel Miami is an annual contemporary art exhibition held in Miami
each December, which is a sister event to Art Basel in Switzerland. Many
of the events for the festival are held in art galleries in Wynwood and
the Miami Design District. In 2010, Art Basel attracted 40,000 attendees.
In 2011, that figure had grown to 50,000 attendees, growing to become
one of the most popular events in Miami.
Miami Spice and Spa Month
August-October
During the months of August and September, the top restaurants in
Miami and Miami Beach offer a variety of specials that showcase the
best of Miami cuisine, sponsored by the Greater Miami Convention &
Visitor's Bureau.
Art Miami and Miami Boat Show
February
Art Wynwood will feature 50-plus galleries from 13 countries. The
event features photography, painting, sculpture, video,
installation, urban art, and includes every conceivable
contemporary genre by more than 500 international artists. It is
held at Art Miami's sprawling 100,000-square-foot tent pavilion in
Midtown and typically houses approximately 100 galleries.
Miami Food and Wine Festival
February
A world-class wine, spirits and food tasting event including lavish
dinners, a beachside barbecue, champagne brunch, cooking
demonstrations and incorporates some of the events and
activities of the Biltmore International Food & Wine Weekend
formerly held in May.
Winter Music Conference
December
Musicians and corporate representatives from over 70 countries
attend this annual music industry conference held over the
second week in March, headquartered at the Miami Beach
Convention Center, with additional programs at nightclubs and
other participating venues throughout Miami-Dade
AREA EVENTS
14

Midtown Miami
Located between 29th and 36th street and Midtown
Blvd, the Shops at Midtown present sidewalks filled with
boutiques, cafes, lounges, restaurants, and more. Art
and culture are at the heart of this neighborhood, with
special installations and exhibits adorning the streets in
an urban meets chic, indoor-outdoor setting. Miami’s
newest lifestyle and entertainment destination has
officially arrived. Midtown Miami is the collective term
for the Wynwood and Edgewater neighborhoods of
Miami, FL.
Midtown Miami is a large-scale, self-contained, urban development
community on 55 acres (18 city blocks) that was planned with 8 high-rise
residential buildings, a hotel, two parks, and a major urban shopping area.
Located just North of the Adrienne Arsht Performing Arts Center, South of the
Miami Design District, East of the Wynwood Arts District (WADA) and West of
Biscayne Bay and the beach. Midtown has grown quickly, and is home to
Shops at Midtown, an outdoor shopping area designed to mimic New York's
SOHO neighborhood with a Miami twist, and home to many national and
local stores and restaurants including Target, Guess, HomeGoods, Marshalls,
Ross, SugarCane, Mercadito, Lime, Cheese Course, Buro Miami, West Elm, and
an abundance of upscale apartments. Midtown has also become home to
Art Miami art fair, which takes place during Miami's Art Basel week.
The subject site lies directly across the Ross and Target retail stores in the Shops
at Midtown. The Site benefits from both pedestrian and street traffic visiting the
Shops at Midtown.
15

The Shops at Midtown Miami is
located on the corner of NE 36th
Street and North Miami Avenue,
just North of Downtown Miami.
Occupying 26 acres of urban
space in the midst of Miami's art
district, just minutes from
downtown, the 645,000 square
foot shopping center consists of
three blocks - each with its own
architectural flair and a blend of
value retail and local high-end
offerings. In addition to a
number of specialty shops and
lifestyle retailers, the center
offers consumers national
anchors including:
Target: 141,114 SF
Ross: 35,324 SF
Sports Authority: 34,544 SF
Marshalls: 32,062 SF
West Elm: 25,764 SF
HomeGoods: 25,182 SF
PetSmart: 19,607 SF
Party City: 10,830 SF
`
Midtown Shops and Map
16

Design District
5
The Site lies directly adjacent to and near Midtown, the Design District, and Wynwood submarkets. Collectively,
these locations have experienced unprecedented growth led by the $1B Design District development led by
Craig Robins, Bernard Arnault & LVMH. The Design District has seen a partnership between one of the largest
Miami developers, Craig Robins and Louis Vuitton Moet Hennessey (LVMH) immediately plans to bring 50+
luxury retailers to the neighborhood by 2015, competing with long-established Miami shopping areas such as
Lincoln Road and Bal Harbour Shops, making Design District the premier fashion district of Miami.
The Design District is made up primarily of warehouses and low rise retail spaces that have been converted into
retail showrooms, art galleries, restaurants and cafés. It is home to over 130 art galleries, showrooms, creative
services, architecture firms, stores, antiques dealers, eateries and bars and is rapidly expanding on the heels of
DACRA and LVMH’s investments.
The Design District isn't just home to funky galleries and unusual art; it is also a high end shopping mecca. Stroll
through luxury closet staples, next to carefully curated boutiques and home décor stores specializing in
everything from a chic loft look to retro refrigerators. In 2009, the first luxury retailer opened in the Design
District, Christian Louboutin, marking a new era for the Design District. Later that year, Yohji Yamamoto also
opened in the Design District. In 2011, Louis Vuitton announced plans to open a Louis Vuitton store in the
neighborhood after announcing its closure of its Bal Harbour Shops store, along with opening other brands from
the LVMH company in the Design District, including stores such as Sephora, Marc Jacobs, Givenchy, and Fendi.
Louis Vuitton just recently opened its doors in late 2012. To add to the luxury retailers of the area, Hermes,
Cartier and Dior have also recently relocated their stores from Bal Harbour Shops to the Design District.
The neighborhood is home to the restaurants of Miami culinary legends including Michael Schwartz and Michelle
Bernstein plus an array of local finds for well-heeled locals or visitors.
The Design District is served by Metrobus throughout the area, and by the Miami Metrorail in adjoining
Allapattah less than a mile due West. Plans are being discussed to continue the downtown and Brickell
metromover in coming years.
17

1. Opustone
2. De La Cruz Collection
3 . Egg & Dart
4. Emena Spa
5-15. Tenants Include: Design within
Reach, MC Kicthen, Missoni Home,
Naranjo, BabyCottons, Adamar,
and Elastic People
16. Design & Architecture Senior High
17. Jalan Jalan
18. Luminaire Lab
19. Clima
20. Internum Miami
21. Craig Robbins Art Collection
22. Chad Oppenheim
23. One of a Kind
24. Decorator’s Plumbing
25. The Cypress Room
26. The Stage
27. Marni
28. Margiela
29. Prada
30. Louis Vuitton
31. Bacilingerie
32. Linge Roset
33. Moore Building
34. Jonathan Adler
35. Celine
36. Hermes
37. Dior Homme
38. Christian Louboutin
39. Kartell
40. Cartier
41. Thread Count
42. Turchin
43. Michael’s Genuine
44. Fendi Casa
Design District Map
45. Armani Casa
46. Locust Projects
47. Spazio Di Casa
48. MadinItaly
49. Baltus
50. Aesthetic Gallery
51. Harry’s Pizzeria
52. Mobili Moderni
53. Gavanna
54. Neoteric Home
55. Designer’s Tile
56. Oggetti
57. EG Cody
58. Brownes & Co
59. Bobby Berk Home
60. Oak Tavern
61. LUXE
62. Dileto
63. USPS
64. Anima Domus

Population Summary 1 mile 3 miles 5 miles
2000 Total Population 23,501 209,949 457,286
2013 Group Quarters 1,745 7,492 10,037
2013-2018 Annual Rate 1.29% 1.35% 1.20%
Household Summary 1 mile 3 miles 5 miles
2000 Households 9,435 77,093 176,531
2000 Average Household Size 2.31 2.59 2.51
2010 Households 13,642 95,901 199,074
2013 Households 14,157 100,106 205,151
2018 Households 15,262 107,732 218,584
2018 Average Households Size 2.05 2.37 2.39
2013-2018 Annual Rate 1.51% 1.48% 1.28%
2010 Families 5,825 50,858 107,281
2010 Average Family Size 2.96 3.16 3.16
2013 Families 5,971 52,422 109,600
2018 Families 6,344 55,699 115,649
2013-2018 Annual Rate 1.22% 1.22% 1.08%
20

2018 Housing Units 18,108 123,142 254,808
2018 Housing Units 18,108 123,142 254,808
Owner Occupied Housing Units 15.7% 20.6% 27.2%
Renter Occupied Housing Units 68.6% 66.9% 58.5%
Vacant Housing Units 15.7% 12.5% 14.2%
Housing Unit Summary 1 mile 3 miles 5 miles
2000 Housing Units 11,453 87,307 201,055
2010 Housing Units 17,153 115,206 240,232
2013 Housing Units 17,445 117,907 244,671
Median Household Income 1 mile 3 miles 5 miles
2013 $34,656 $26,467 $29,634
2018 $40,119 $30,087 $34,698
Median Home Value 1 mile 3 miles 5 miles
2013 $163,187 $147,986 $168,447
2018 $201,238 $197,159 $212,652
Per Capita Income 1 mile 3 miles 5 miles
2013 $25,858 $18,654 $20,919
2018 $30,571 $21,793 $24,611
Median Age 1 mile 3 miles 5 miles
2010 33.6 36.3 38.0
2013 34.1 36.7 38.5
2018 34.4 37.0 38.8
21

2013 Households by Income 1 mile 3 miles 5 miles
Household Income Base 14,157 100,098 205,129
<$15,000 23.5% 31.5% 27.6%
$15,000 - $24,999 14.2% 16.0% 15.5%
$25,000 - $34,999 12.7% 13.4% 12.8%
$35,000 - $49,999 14.2% 13.2% 14.0%
$50,000 – $74,999 15.2% 11.3% 12.8%
$75,000 - $99,999 6.7% 5.0% 5.8%
$100,000 - $149,999 7.8% 5.3% 6.1%
$150,000 - $199,999 2.4% 1.9% 2.4%
$200,000+ 3.2% 2.3% 3.0%
Average Household Income $55,448 $45,071 $50,615
2018 Households by Income 1 mile 3 miles 5 miles
Household Income Base 15,262 107,724 218,562
<$15,000 22.2% 30.6% 26.8%
$15,000 - $24,999 10.3% 11.9% 11.5%
$25,000 - $34,999 11.8% 12.9% 12.1%
$35,000 - $49,999 13.7% 13.5% 13.7%
$50,000 – $74,999 14.9% 11.8% 13.1%
$75,000 - $99,999 9.3% 6.7% 7.9%
$100,000 - $149,999 11.3% 7.5% 8.5%
$150,000 - $199,999 2.9% 2.5% 3.1%
$200,000+ 3.6% 2.6% 3.4%
Average Household Income $65,124 $52,503 $59,440
22

2013 Owner Occupied Housing
Units by Value
1 mile 3 miles 5 miles
Total 2,510 22,554 62,853
<$50,000 3.9% 6.1% 4.9%
$50,000 - $99,999 18.2% 23.0% 19.4%
$100,000 - $149,999 22.8% 21.8% 20.2%
$150,000 - $199,999 19.4% 13.4% 14.7%
$200,000 – $249,999 11.8% 9.0% 10.5%
$250,000 - $299,999 7.3% 6.1% 7.1%
$300,000 - $399,999 8.1% 7.7% 8.1%
$400,000 - $499,999 3.5% 4.1% 4.4%
$500,000 - $749,999 2.5% 4.1% 5.2%
$750,000 - $999,999 1.0% 1.5% 2.0%
$1,000,000+ 1.3% 3.1% 3.5%
Average Household Value $209,539 $230,147 $251,313
2018 Owner Occupied Housing
Units by Value
Total 2,839 25,275 69,361
<$50,000 2.5% 4.3% 3.4%
$50,000 - $99,999 9.9% 13.5% 10.9%
$100,000 - $149,999 13.6% 14.7% 12.9%
$150,000 - $199,999 23.5% 18.6% 18.7%
$200,000 – $249,999 17.8% 14.8% 16.4%
$250,000 - $299,999 11.2% 9.7% 10.8%
$300,000 - $399,999 10.5% 9.9% 10.1%
$400,000 - $499,999 4.4% 4.8% 5.0%
$500,000 - $749,999 3.8% 5.3% 6.5%
$750,000 - $999,999 1.4% 1.9% 2.5%
$1,000,000+ 1.3% 2.6% 2.8%
Average Household Value $246,390 $260,022 $280,358
23

2010 Population by Age 1 mile 3 miles 5 miles
Total 30,105 237,324 488,824
0 - 4 6.4% 6.5% 6.0%
5 – 9 4.4% 5.1% 4.9%
10 – 14 4.0% 4.7% 4.7%
15 - 24 13.7% 13.1% 12.6%
25 - 34 24.8% 18.5% 17.1%
35 - 44 16.2% 15.0% 15.2%
45 - 54 13.9% 13.6% 14.1%
55 - 64 8.9% 10.1% 10.5%
65 - 74 4.6% 7.1% 7.6%
75 - 84 2.2% 4.6% 5.2%
85+ 0.8% 1.7% 2.1%
18+ 82.5% 80.6% 81.2%
Total 30,985 246,255 502,295
0 - 4 6.2% 6.3% 5.9%
5 – 9 4.7% 5.4% 5.2%
10 – 14 3.9% 4.7% 4.7%
15 - 24 13.1% 12.6% 12.1%
25 - 34 24.1% 18.4% 16.9%
35 - 44 16.5% 14.8% 14.7%
45 - 54 13.6% 13.3% 13.9%
55 - 64 9.7% 10.8% 11.3%
65 - 74 5.0% 7.4% 7.9%
75 - 84 2.4% 4.6% 5.1%
85+ 0.9% 1.8% 2.2%
18+ 82.6% 80.7% 81.4%
24

Total 33,031 263,291 533,102
0 - 4 6.4% 6.4% 5.9%
5 – 9 4.7% 5.3% 5.2%
10 – 14 4.2% 5.0% 4.9%
15 - 24 12.7% 12.0% 11.5%
25 - 34 23.4% 18.2% 16.8%
35 - 44 16.2% 14.2% 13.9%
45 - 54 12.4% 12.3% 12.9%
55 - 64 10.5% 11.2% 12.0%
65 - 74 5.9% 8.5% 9.1%
75 - 84 2.8% 4.9% 5.4%
85+ 1.0% 1.9% 2.3%
18+ 82.3% 80.5% 81.2%
2010 Population by Sex 1 mile 3 miles 5 miles
Males 15,588 120,840 246,204
Females 14,519 116,486 242,618
Males 15,965 125,327 252,986
Females 15,019 120,929 249,311
Males 16,931 133,528 267,844
Females 16,099 129,763 265,256
2010 Population by Race/Ethnicity 1 mile 3 miles 5 miles
Total 30,108 237,326 488,823
White Alone 57.4% 63.4% 67.6%
Black Alone 31.0% 26.6% 24.0%
American Indian Alone 0.5% 0.4% 0.3%
Asian Alone 1.6% 1.1% 1.1%
Pacific Islander Alone 0.1% 0.0% 0.0%
Some Other Race Alone 5.7% 5.3% 4.2%
Two or More Races 3.7% 3.2% 2.8%
Hispanic Origin 49.7% 63.0% 61.4%
Diversity Index 78.7 74.7 72.9
25

Total 30,984 246,255 502,295
White Alone 58.0% 63.8% 67.8%
Black Alone 30.0% 25.9% 23.5%
Asian Alone 1.7% 1.1% 1.2%
Total 33,030 263,290 533,100
White Alone 59.0% 64.5% 68.3%
Black Alone 28.6% 25.0% 22.8%
Asian Alone 1.8% 1.2% 1.2%
2010 Population by Relationship and
Household Type
Total 30,107 237,326 488,822
In Households 94.2% 96.8% 97.9%
In Family Households 60.5% 72.3% 73.8%
Householder 19.2% 21.4% 22.0%
Spouse 9.5% 10.9% 12.0%
Child 22.4% 27.3% 27.1%
Other Relative 6.1% 8.2% 8.4%
Nonrelative 3.2% 4.5% 4.3%
In Nonfamily Households 33.7% 24.5% 24.2%
In Group Quarters 5.8% 3.2% 2.1%
Institutionalized Population 1.8% 2.0% 1.2%
No institutionalized Population 4.0% 1.1% 0.8%
2013 Population 15+ by Marital Status 1 mile 3 miles 5 miles
Total 26,388 205,774 423,162
Never Married 46.2% 42.9% 40.0%
Married 34.5% 38.0% 39.6%
Widowed 4.2% 6.5% 6.9%
Divorced 15.1% 12.7% 13.5%
26

2013 Population 25+ by Educational
Attainment
Total 22,322 174,751 362,203
Less than 9th Grade 11.5% 20.1% 16.8%
9th – 12th Grade, No Diploma 10.8% 11.9% 10.9%
High School Graduate 23.7% 27.6% 27.5%
Some College, No Degree 15.2% 10.5% 11.9%
Associate Degree 10.4% 6.2% 6.8%
Bachelor’s Degree 15.6% 14.5% 15.6%
Graduate/Professional Degree 12.9% 9.2% 10.4%
2013 Civilian Population 16+ in
Labor Force
Civilian Employed 88.2% 88.5% 89.0%
Civilian Unemployed 11.8% 11.5% 11.0%
2013 Employed Population 16+ by
Industry
Total 15,346 108,760 229,126
Agriculture/Mining 0.1% 0.3% 0.3%
Construction 5.5% 9.7% 7.7%
Manufacturing 3.0% 4.4% 4.0%
Wholesale Trade 3.5% 3.4% 3.0%
Retail Trade 12.5% 11.1% 10.9%
Transportation/Utilities 7.1% 5.7% 6.1%
Information 2.7% 1.7% 1.8%
Finance/Insurance/Real Estate 6.7% 6.1% 6.3%
Services 56.3% 55.1% 57.2%
Public Administration 2.5% 2.5% 2.7%
27

2013 Employed Population 16+ by
Occupation
Total 15,344 108,762 229,128
White Collar 58.8% 47.9% 51.9%
Management/Business/Financial 14.6% 11.0% 11.7%
Professional 20.5% 14.1% 16.4%
Sales 13.1% 11.0% 11.7%
Administrative Support 10.6% 11.7% 12.0%
Services 25.2% 28.9% 27.8%
Blue Collar 16.0% 23.2% 20.3%
Farming/Forestry/Fishing 0.1% 0.3% 0.2%
Construction/Extraction 5.9% 9.7% 7.2%
Installation/Maintenance/Repair 2.5% 2.4% 2.4%
Production 2.0% 4.2% 3.6%
Transportation/Material Moving 5.4% 6.6% 6.9%
2010 Household by Type 1 mile 3 miles 5 miles
Total 13,642 95,901 199,075
Household with 1 Person 42.6% 36.4% 35.8%
Household with 2+ People 57.4% 63.6% 64.2%
Family Households 42.7% 53.0% 53.9%
Husband-wife Families 21.2% 26.9% 29.4%
With Related Children 8.3% 11.6% 12.3%
Other Family (No Spouse Present) 21.5% 26.1% 24.5%
Other Family with Male Householder 6.3% 7.6% 7.0%
Other Family w Female Householder 15.2% 18.5% 17.5%
Nonfamily Households 14.7% 10.6% 10.3%
All Households with Children 21.7% 27.0% 26.3%
Multigenerational Households 3.6% 5.8% 6.0%
Unmarried Partner Households 11.1% 9.6% 8.9%
Male-Female 9.5% 8.5% 7.6%
Same-Sex 1.6% 1.1% 1.3%
28

2010 Households by Size 1 mile 3 miles 5 miles
Total 13,642 95,903 199,076
1 Person Household 42.6% 36.4% 35.8%
7 + Person Household 1.3% 2.4% 2.4%
2010 Households by Tenure and
Mortgage Status
Total 13,642 95,901 199,074
Owner Occupied 20.1% 25.4% 34.0%
Owned with a Mortgage/Loan 15.8% 18.0% 23.1%
Owned Free and Clear 4.3% 7.3% 10.9%
Renter Occupied 79.9% 74.6% 66.0%
Top 3 Tapestry
Segments
1. Metro Renters NeWest Residents NeWest Residents
2. NeWest Residents Metro Renters Metro Renters
3. City Commons City Commons City Commons
29

2013 Consumer Spending 1 mile 3 miles 5 miles
Apparel & Services: Total $ $ 18,644,858 $105,613,123 $238,538,744
Average Spent $1,317.01 $1,055.01 $1,162.75
Spending Potential Index 58 47 51
Computer & Accessories: Total $ $2,982,996 $16,834,869 $38,205,560
Average Spent $210.71 $168.17 $186.23
Education: Total $ $18,262,525 $101,701,089 $230,880,740
Average Spent $1,290.00 $1,015.93 $1,125.42
Entertainment/Recreation: Total $ $35,097,329 $201,714,091 $469,174,134
Average Spent $2,479.15 $2,015.01 $2,286.97
Food at Home: Total $ $58,969,365 $340,350,486 $772,125,419
Average Spent $4,165.39 $3,399.90 $3,763.69
Food Away from Home: Total $ $39,007,507 $222,263,025 $501,443,973
Average Spent $2,755.35 $2,220.28 $2,444.27
Health Care: Total $ $ 41,348,370 $243,544,385 $582,010,536
Average Spent $2,920.70 $2,432.87 $2,836.99
HH Furnishings & Equipment: Total
$
$17,404,796 $99,318,364 $229,146,270
Average Spent $1,229.41 $992.13 $1,116.96
Investments: Total $ $18,324,900 $115,465,942 $275,530,903
Average Spent $1,294.41 $1,153.44 $1,343.06
Retail Goods: Total $ $248,745,303 $1,432,108,180 $3,308,016,350
Average Spent $17,570.48 $14,305.92 $16,124.79
Shelter: Total $ $194,082,903 $1,113,453,961 $2,530,066,237
Average Spent $13,709.32 $11,122.75 $12,332.70
TV/Video/Audio: Total $ $14,910,557 $84,687,328 $194,065,352
Average Spent $1,053.23 $845.98 $945.96
30

Travel: Total $ $ 18,217,839 $106,067,100 $249,321,483
Average Spent $1,286.84 $1,059.55 $1,215.31
Vehicle Maintenance & Repairs: Total $ $11,896,306 $68,346,460 $157,877,691
Average Spent $840.31 $682.74 $769.57
Data Note: Consumer spending shows the amount spent on a variety of goods and services by households that reside in the area. Expenditures are
shown by broad budget categories that are not mutually exclusive. Consumer spending does not equal business revenue. Total and Average Amount
Spent Per Household represent annual figures. The Spending Potential Index represents the amount spent in the area relative to a national average of
100.
Source: Consumer Spending data are derived from the 2010 and 2011 Consumer Expenditure Surveys, Bureau of Labor Statistics. Esri.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2013 and 2018. Esri converted Census 2000 data into 2010 geography.
October 23, 2014
31

Affiliated Business Disclosure
FIP Realty Services LLC has several subsidiaries and/or related entities (each an “Affiliate”) engaged in a variety of real estate businesses including,
but not limited to, property management, brokerage services, development, construction, and investment. These Affiliates may represent various
clients with competing interests in the same transaction. This brochure may be received by our Affiliates, which may express an interest in the
property described in this brochure (the “Property”), may offer to purchase the Property, and may be the successful purchaser of the Property. You
hereby acknowledge that possibility and agree that neither FIP Realty Services LLC nor any Affiliate will have any obligation to disclose to you the
involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, FIP Realty Services LLC will act in the best interest of its
client(s) and will not conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will
conduct its business in a manner consistent with the law and any fiduciary duties owed its client(s).
Confidentiality Agreement
This is a confidential brochure intended solely for your limited use. This brochure contains select, but not all, information pertaining to the Property and
does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner). All projections and
information are provided for general reference only and are based on assumptions relating to market conditions, the economy, competition and
other factors beyond the control of the Owner and FIP Realty Services LLC. Therefore, all projections and other information provided and made
herein are subject to variation. All references to square footages and other measurements are approximations. Additional information and an
opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this brochure, certain documents,
including leases 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 expected to review all such summaries and other documents of whatever
nature independently and not rely on the contents of this brochure in any manner. Neither the Owner or FIP Realty Services LLC, nor any of their
respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or
completeness of this brochure or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this brochure or
use of its contents; and you are to rely on your own investigations and inspections of the Property in evaluating a potential purchase of the Property.
The Owner may, in its sole discretion, reject any or all offers to purchase the Property, and/or to terminate discussions with any entity at any time with
or without notice. The Owner has no legal obligation to any entity reviewing this brochure or making an offer to purchase the Property unless and
until a written agreement for the purchase of the Property has been executed by the purchaser and the Owner. By receipt of this brochure, you
agree that this brochure 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 brochure or any of its contents to any other entity without the prior written authorization of the Owner or FIP Realty Services LLC. You also
agree that you will not use this brochure in any manner detrimental to the interest of the Owner or FIP Realty Services LLC. If after reviewing this
brochure, you have no further interest in the Property, please return it to FIP Realty Services LLC.

Dave Colonna
Executive Vice President
305.790.8921
DaveColonna@FIPRealty.com
The information above was obtained from sources FIP Realty Services LLC believes to be reliable. However, we have not verified its
accuracy and make no guarantee, warranty or representation about it. This brochure is subject to possible errors, omissions, change
of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All projections, opinions,
assumptions and estimates are for example only, and they may not represent current or future performance of the property. You
are advised to perform your own investigations of the property and consult your tax and legal advisors regarding the transaction.

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