Brad Kuskin created this offering memorandum to highlight a commercial property listing in Jupiter, Florida. As a result of widespread distribution of this Offering Memo, the shopping center owner received numerous offers within one week, and the property went to contract above asking price within two weeks of initial listing.

1. OFFERING MEMORANDUM
351 South US Highway One, Jupiter, FL 33477

2. 02 - Disclosure
The information contained in this Offering Memorandum is confidential, furnished solely for review by a prospective
purchaser of Jupiter Bay Plaza, located at 351 S. US Highway One, Jupiter, FL 33477 (“the Property”) and is not to be
used for any other purpose or made available to any other person without the expressed written consent of Keller Wil-
liams Realty, KW Commercial, KW CRECO, or any affiliate, thereof or of the Property Owner. The material is based in part
upon information supplied by Owner, and in part upon information obtained by Keller Williams from sources, it deems
reasonably reliable. Summaries of any documents are not intended to be comprehensive or all-inclusive but rather only
an outline of some terms and information contained therein. No warranty or representation, expressed or implied, is
made by Owner, Keller Williams, or any of their respective affiliates, as to the accuracy or completeness of the information
contained herein or any other written or oral communication transmitted to a prospective purchaser in the course of its
evaluation of the Property. No legal liability is assumed or to be applied in connection with the information or such other
communications.Without limiting the generalization of the preceding, the report shall not be deemed a representation of
the state of affairs of the Property or constitute an indication that there has been no change in the business or relation-
ship of the Property since the date of preparation of the information. Prospective purchasers should make their projec-
tions and conclusions without reliance upon the materials contained herein and conduct their independent due diligence,
including engineering and environmental inspections, to determine the condition of the Property and the existence of any
potentially hazardous material located at the site.
This Offering Memorandum was prepared by Keller Williams and has been reviewed by Owner. It contains select
information about the Property and does not purport to be all-inclusive or to provide all of the information which a pro-
spective purchaser may desire.
An opportunity to inspect the Property will be made available to qualified prospective purchasers.
In this Offering Memorandum, certain documents and other materials are described in summary form. The summaries do
not purport to be complete, nor necessarily, accurate descriptions of the full agreements involved, nor do they constitute
a legal analysis of such documents. Interested parties are expected to review all documents independently.
This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and
does not constitute a recommendation, endorsement or advice as to the value of the Property by Keller Williams or the
Owner. Each prospective purchaser is to rely on its investigation, evaluation, and judgment as to the advisability of
purchasing the Property described herein.
Keller Williams and the Owner expressly reserve the right, at their sole discretion, to reject any or all expressions of
interest or offers to purchase the Property or to terminate discussions with any party at any time with or without notice.
Owner shall have no legal commitment or obligation to any interested party reviewing this Offering Memorandum unless
a written agreement for the purchase of the Property has been fully executed and delivered by the Owner and such party
and any conditions to Owner’s obligations thereunder have been satisfied or waived and then only to the extent expressly
provided for therein, Keller Williams is not authorized to make any representations or agreements on behalf of Owner.
This Offering Memorandum is the property of Keller Williams and may be used only by parties approved by Keller
Williams and Owner. The Property is privately offered, and by accepting delivery of this Offering Memorandum, the party
in possession hereof agrees that this Offering Memorandum and its contents are a confidential nature and will be held
and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced
or disclosed to anyone without the prior written authorization of Keller Williams and Owner.
The terms and conditions set forth above apply to this Offering Memorandum in its entirety.
Thank you for your consideration.
Keller Williams Commercial Real Estate
4455 Military Trail
Jupiter, FL 3348
(561) 427-6100
INVESTMENT DISCLOSURE

3. Keller Williams Commercial Real Estate is
pleased to present the opportunity to acquire
Jupiter Bay Plaza, a 19,000 sq. ft. one-story
neighborhood shopping center located in the
heart of Jupiter, Florida’s growing and affluent
residential base. The highly efficient design of the
Property allows direct entrances to tenant spaces,
with no common interior areas, reducing overall
management responsibility and operating costs of
the building.
The Property offers its tenants excellent
market presence at a high profile intersection of
Indiantown Road and US Highway One, across from
The Jupiter Yacht Club and diagonally positioned
across from Jupiter’s new Harbourside Village.
Additionally, the Property shares access easements
with a Publix Anchored shopping center, allowing
patrons to easily access the Property.
The high income and rapidly growing Jupiter
residential base provides long-term demand
for retail and service businesses, which is
demonstrated by the Property’s 100% occupancy,
with minimal vacancy history.
The Jupiter community is well-known for its
luxurious lifestyle, combining marine-oriented
living with many celebrity athletes and prestigious
entrepreneurs. Jupiter’s prominence in Palm
Beach County is underscored by its tremendous
population growth, which has more than doubled
since 2000, with few signs of slowing down as
demand swells north from West Palm Beach.
Jupiter’s northern Palm Beach location links the
city to major employment centers to the south
while maintaining a relaxed and luxurious way
of life to its residents. These attributes have
contributed to the increasing popularity of Jupiter
as one of Southern Florida’s most desirable
residential enclaves.
Investment
Overview
Brad Kuskin
Managing Agent
Investment Overview - 03
Key Asset Statistics
OFFERING PRICE
$5,950,000
TOTAL GLA
18,976 Sq. Ft.
PRICE / SQ. FT.
$313
OCCUPANCY
100%
GROSS REVENUE
$492,000
NOI (2016)
$358,850
CAP RATE (2016)
6.03%
AVERAGE RENT
$21.78 / Sq. Ft.

4. Investment Highlights
01 02 03 04CASH FLOW
STABILITY
MEANINGFUL
FUTURE UPSIDE
VALUABLE
TENANT MIX
UPWARD
MARKET DEMAND
With evenly disbursed lease
rollover, Jupiter Bay Plaza
offers a highly predictable
and stable cash flow with no
tenant expirations during the
first two years of the cash
flow. Historic vacancy turnover
has been less than 30 days,
with multiple offers received
for a single vacancy. Jupiter
Bay Plaza offers its owner
steady cash flows, with zero
collection losses incurred over
the past eight years.
Jupiter Bay Plaza’s tenant
roster provides stable existing
cash flows while providing
an opportunity for increased
revenue capture upon
lease renewals. Leases are
structured under a modified-
gross rent model, with gross
rents significantly below
current market rates.
As large-box retail sectors
continue to be impacted by
online trends, the existing
tenant mix at Jupiter Bay
Plaza remains robust with a
diverse mixture of service-
oriented retail, professional
office, and restaurant tenants.
With no tenant occupying
more than 21% of the plaza,
the investment is not reliant
on a single source of revenue.
Instead, reliable cash flows
are provided from a diverse
tenant mix, spanning multiple
retail and service sectors not
overly exposed to shifting
consumer trends.
The retail/office market is
robust with a scarcity of
available spaces for tenants to
choose from as demonstrated
bythe local submarket vacancy
at 4.5%. Stable inventory with
little new construction and
increasing tenant demand
helps to bolster meaningful
rent growth. New home
construction is expanding in
response to Jupiter’s growing
population, further fueling
retail and service tenant
demand. Home values have
shot up 8.4% over the past
year according to Zillow.
04 - Investment Highlights
Jupiter Bay Plaza offers investors the unique chance to acquire a community shopping
center located east of Florida’s Intracoastal Waterway on US Highway One. Below market
rents, low maintenance costs, proven tenants, and passive management responsibilities
make Jupiter Bay Plaza an ideal opportunity for investment in Jupiter’s long-term growth
trends.

5. Attributes - 05
Property Attributes
TODAY
Location
Harbourside Village
Enhances Exposure to the
Property and inflates rental
market
TOMORROW
Shared Access Easement
Allows Flexible Ingress
and Egress from Publix
anchored shopping center
Primary Intersection Shared
with Jupiter Yacht Club and
Jupiter Bay Condominiums
Walkable Amenities
Promote Leasing Advantage
within Jupiter’s Riverwalk
District
Reliable NOI trends upward
as rents increase and
management becomes
more efficient.
Most tenants have
expressed interest in
purchasing units upon
conversion to retail condos.
Address
City
County
State
Year Built
Year Renovated
Rentable Area
Total Land Area
Type
Stories
Occupancy
# of Tenants
Parking Ratio
Zoning
351 S US Highway One
Jupiter
Palm Beach
Florida
1983
2013
19,889 Sq. Ft.
2.26 Acres
Retail / Professional
1
100%
7
5 / 1,000 sq. ft. (99 spaces)
General Commercial
Tenants Financials
Strong tenant synergies
with profitable and
established businesses.
Balanced tenant mix,
with no single tenant
representing more than
25% of revenues.
Reliable Tenant Payments
with zero collection loss
and only a single late
payment since 2013.
Locally recognized
tenants create a marquee
destination well-known
throughout Jupiter.
Well-below market rents,
combined with modified
gross structure provides
tremendous future upside.
Water, sewer, and refuse
reimbursed by tenants to
hedge against increased
utility use or costs.
Lanes
2011 DTV
2012 DTV
2013 DTV
2014 DTV
2015 DTV
2016 DVT
5 Year Growth
4D
23,452
24,007
24,388
25,758
27,722
28,598
21.94%
Historic Traffic Growth*
* Palm Beach County Traffic Division

6. The property has been professionally maintained with no deferred
maintenance since current ownership took possession in 2004.
Significant capital improvements were made in 2013 and 2014.
06 - Property Photos
Property Photos

7. Aerial Photos
Aerial Photos - 07
PUBLIX
JUPITER
YACHT
CLUB
1.1 Miles to the Jupiter Lighthouse
1.0 Miles to the Jupiter Inlet

8. Financials
Profit and Loss
January - December 2016
Total
Income
Rental Income 458,854.04
Billable Expense Reimbursements 33,179.41
Late Payment Fee 198.04
Total Income $492,231.49
Gross Profit $492,231.49
Expenses
Grounds Maintenance 450.00
Irrigation 547.00
Landscaping 10,200.00
Pest Control 1,021.32
Site Security 220.00
Total Grounds Maintenance $12,438.32
Professional Expenses
Insurance - Liability 2,790.74
Insurance - Property 19,752.22
Total Professional Expenses $22,542.96
Repair & Maintenance
Electrical Systems & Lighting 1,093.00
General Property Maintenance 4,467.45
HVAC Service 1,465.00
Job Materials & Supplies 1,214.40
Plumbing Maintenance 532.85
Window Cleaning 445.20
Roofing Repairs 1,608.34
Total Repair & Maintenance $10,826.24
Taxes
Property Taxes 46,669.20
Total Taxes $46,669.20
Utilities & Services
Electric 2,405.15
Refuse & Recycling 13,919.49
Sewer 10,889.35
Water 13,690.20
Total Utilities & Services $40,904.19
Total Expenses $133,380.91
Net Operating Income $358,850.58
NOI Growth Since 2012
2012 2013 2014 2015 2016
$312,184
$322,889
$337,564
$342,856
$358,850
Engergy
Efficiency
43%
Through the installation of
LED parking lot lights and
smart motion sensors, the
Property’s total common
electric expense has
decreased 43% since 2013.
Utility
Billing
$30k
Tenant Reibursement of
Utility Costs Provides an
approximately $30k of
additional income for the
property and mitigates
landlord exposure to
increased utility use or
costs.
Property
Management
$750
Prior to the current owner
assuming management
responsibilites, the
Property was managed
professionally for a flat
$750 per month fee. This
reduced cost is indicative
of the low managment
responsibilities associated
with the Property.
Capital
Improvements
$26k
Total 2016 Capital
Improvement costs were
$26,694, a mojority of
which were attributed
to Tenant Build Out
contributions for Berkshire
Hathaway.
08 - Property Financials

9. Tenant Summary - 09
Space utilization and gross revenues distribute evenly across most significant tenants of the plaza.
Occupancy rates and future cash flows are not overly reliant on any single tenant.
Tenants
UNIT # TENANT NAME SQ
FEET
CURRENT
MONTHLY
RENT ($)
RENT/SF CAM
REIMBURSE
AMOUNT ($)
UTIL /
SF/MO
LEASE
TYPE
OCCUPANCY
DATE
LEASE
EXPIRATION
OPTIONS COMMENTS
100 KatherIne Shaffer, Ph.D. d/b/a Limit-
less Potentials
881 $1,340.14 $18.25 $2,313.96 $2.63 MG 06/01/12 09/30/18 N/A Back Corner of
Building
101 Stuart Investment III, LLC d/b/a A
Suite Salone
4,100 $8,320.00 $24.35 $10,727.88 $2.62 MG 06/01/09 05/31/19 Two 5-Year Luxury Salon
& Spa
102 Diving Bottoms Up, Inc. d/b/a Scuba
Works
1,940 $1,906.66 $11.79 $0.00 $0.00 MG 02/01/11 01/31/26 N/A Classroom in
Rear of Building
103 Diving Bottoms Up, Inc. d/b/a Scuba
Works
1,870 $3,945.47 $25.32 $6,870.12 $3.67 MG 01/15/11 01/31/26 N/A Main Retail
Store
104 Berkshire Hathaway Home Services
of Florida
3,090 $6,332.79 $24.59 $10,933.08 $3.54 MG 01/13/16 01/31/21 Two 5-Year National Real
Estate Agency
106 Gulfstream Tanker Chartering, LLC 3,021 $4,783.25 $19.00 $8,536.32 $2.83 MG 03/01/12 02/28/18 Two 5-Year Oil Brokerage
Firm
107 Portobello Italian Cuisine 4,074 $9,901.91 $29.17 $0.00 $0.00 FS 06/01/01 05/31/32 N/A Italian
Restaurant
TOTAL MONTHLY GROSS RENTAL INCOME: $36,530.22
TOTAL MONTHLY CAM REIMBURSEMENT INCOME: $3,281.78
TOTAL ANNUAL GROSS INCOME: $477,744.00
Gross Revenue By Tenant
Katherine Shaffer, Ph.D.
3.85%
Stuart Investments
23.14%
Scuba Works
16.14%
Berkshire Hathaway
18.20%
Gulfstream Tanker Oil
13.80%
Portobello Italian Cucina
24.87%
Occupancy Sq.Ft.By Tenant
Portobello Italian Cucina
21.47%
Katherine Shaffer, Ph.D.
4.64%
Stuart Investments
21.61%
Scuba Works
20.08%
Berkshire Hathaway
16.28%
Gulfstream Tanker Oil
15.92%

10. What Analysts Are Saying
Florida’s strong economy and rapid population growth are driving the state’s retail
markets to record low vacancy rates and with construction at an all-time low, demand
continues to exceed supply.
10 - Florida Retail
Florida’s major retail markets are seeing vacancy levels nearing pre-
recession lows. Deliveries are also at an all-time low and demand is
exceeding supply.
Florida’s large and growing workforce reported 84 consecutive months of job growth
with a July employment increase of 2.7% year-over-year. Unemployment for the state
stood at 4.1 %, an 80 bps improvement year-over-year, ahead of the nation by 20 bps.
Florida’s real gross domestic product increased by 1.4% between Q4 2016 and Q1
2017, putting the state ahead of the national growth rate of 1.2% during the same
time period.
“
”
“
”
“
”
As a consumer economy, the state’s retail markets will continue to thrive due to
continued population growth and a record-breaking tourism industry. Consumer
sentiment remained very positive in July, another record breaking reading since 2002,
which is anticipated to remain high through the rest of 2017.
Exerpts from CBRE Florida MarketView Q3 2017
To learn more about CBRE Research or to access additional research reports, visit the CBRE Research Gateway at www.cbre.com

11. GET MORE INFORMATION
REGISTER FOR ADDITIONAL DUE DILIGENCE MATERIALS
www.kwcreco.com/jupiterbay
KELLER WILLIAMS COMMERCIAL REAL ESTATE
4455 MILITARY TRAIL, STE. 100, JUPITER, FL 33458
Phone 561 320 7555
Email jupiter@kwcommercial.com
Web www.kwcreco.com
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