1. C E N T R A L
P A R K
D I S T R I C T
ERDINA FRANCILLON
CENTRALDISTRICTPARK.COM
MODERN
INDUSTRIAL
FLEX SPACE
FOR SALE IN
MIAMI, FLORIDA

2. B U S I N E S S V I S I O N
1
EB-5 investors are needed to develop raw, modern flex space units that will
serve as the first phase of an urban revitalization effort to be named
Central District Park. The Park will consist of 25 for sale units with
common area courtyard for guests. The vision of the project is to attract
business owners in innovative and/or reemmerging manufacturing centric
industries and spark local job growth.
As flex warehouse space demand skyrockets around the country, a
tremendous opportunity exists in Miami for investors take a first
mover advantage to set the standard for a raw, replicable, affordable,
and profitable model for Miami's mid-size entrepreneurs.
The Park will be nestled
along the NW 79th Street
Corridor Community
Redevelopment Area and
is designated as an
enterprise zone for
business development .
The area provides an
impressive
transportation
infrastructure, tax
incentives as well as
ample City and local
encouragement for
redevelopment.

3. N A T I O N A L T R E N D S
2
Miami is anticipated to be the
city with the third lowest flex
space vacancy in 2015 at 5.4%
following LA at 3.6% and
Orange Country at 5.3%.
VACANCY
Cushman and Wakefield 2015­2017 Industrial Real Estate Forecast
Miami is anticipated to lead
the country with a 15%
increase in flex rent growth
since 2013.
RENTS
ONLINE RETAIL AND STEADY GROWTH IN
MANUFACTURING CAUSING INCREASE IN WAREHOUSE
SPACE DEMAND NATIONWIDE

4. T H E C E N T R A L I N D U S T R I A L
D I S T R I C T
3
The CoStar Industrial Report­ Year End 2015 Miami­Dade Country
FLEX SPACE IN MIAMI WILL SEE NO NEW INVENTORY
GROWTH IN 2016, CREATING OPPORTUNITY FOR A
FIRST MOVER ADVANTAGE WITHIN THE
HIGHLY UNDERUTILIZED CENTRAL MIAMI
INDUSTRIAL DISTRICT

5. M A R K E T A N A L Y S I S
4
NE 62TH STREET, 7 MINUTES FROM NW MIAMI DADE,
IS HOME TO SEVERAL PROPERTIES THAT PROVIDE AN
INDICATION OF THE FLEX SPACE MARKET POTENTIAL

6. M A R K E T A N A L Y S I S
5
ASKING PRICES FOR FLEX SPACE ON THE MARKET
ARE DIVERSE AND SUPPLY IS OFTEN OUTDATED

7. C O N C E P T
6
Central District Park is inspired
by the Harvest Green Industrial
Park in Malaysia that is home to
over 300 factories.
The Park will be targeted
towards businesses relocating
to South Florida and business
owners in the adjacent
neighborhoods of North Bay
Village, MIMO Village Miami
Shores and the Design District.
Central Park District will only
have two story units which can
be customized upon buyer
request.
3k SF Unit- $690k
5k SF Unit- $1,075,000
8k SF Unit- $1,600,000

8. D E V E L O P M E N T S I T E
7
THE 5.56 ACRES FOR SALE ON 1080 NW 79TH STREET
PROVIDES UNPARALLELED ACCESS TO 400 SQ FT OF
FRONTAGE ALONG ONE OF MIAMI'S BUSIEST INDUSTRIAL
STREETS.
ZONED BU2 FOR RETAIL AND LARGE SCALE COMMERCIAL
DEVELOPMENTS SUCH AS REGIONAL MALLS AND OFFICE
PARKS, THE SITE IS LISTED AT $6M AND IS MANAGED BY
TRUMP INTERNATIONAL REALTY.

9. L O C A T I O N
8
5min away
Liberty Square (mixed use
space under development
potentially by the Related
Group)
10min away
Miami International Airport
MIMO Village
Design District
15min away
Port of Miami
Downtown Miami
Wynwood
THE AREA IS POISED FOR REDEVELOPMENT GIVEN IT IS
EQUIDISTANT TO ALL OF MIAMI'S MAIN CORRIDORS, LOCATED
ALONG A METRO RAIL LINE AND MINUTES AWAY FROM ALL OF
MIAMI'S INVENTORY CONSTRAINED ARTISTIC NEIGHBORHOODS

10. D E A L O V E R V I E W
9
Location: 1080 NW 79th Street
Development Type: Two Story Flex Space
Acres: 5.56
SQ FT: 242,194
Zoning: BU2
Floor Area Ratio Requirement: .51
Total Allowable FAR: 123, 519
Unit Sizes:
3,000 @ $230 PSF
5,000 @ $215 PSF
8,000 @ $200PSF
Total Allowable Units : 25
Parking Requirements: 1.5
Total Parking Spaces: 37
Investment Date: Spring 2016
Project Life: 2 years
Lender's Annual Yield: 25.20%
IRR Annual: 26%
Loan to Cost: 70%
Equity: $5.5M acquisition + $12,657,171 in development costs

11. D E V E L O P M E N T B U D G E T
10

12. L O A N S C H E D U L E
11
The project will be built with a construction loan at a 7%
interest rate with the anticipated pay off at month 15

13. C A S H F L O W S
12
The approach will be to build 2 1/2 units every month
starting in month 6. The first unit will be built in
month 3 as a test and sales office to attract offers.

14. I N V E S T M E N T S U M M A R Y
13
INVESTMENT RATIONALE:
26% IRR, raw flex space project with tax and development
incentives in Miami's next high demand neighborhood
VALUE ENHANCEMENT STRATEGY:
Creative configuration of flex space units in a growing
demand market with limited inventory
Negotiation of buyout of local mobile homes to create
potential of park expansion within 3 years
RISKS:
Stigma of crime, lack of commercial development
MITIGATION STRATEGIES:
Local Community Redevelopment Agency owns 13,750 sq
ft of BU2 land directly across from 1080 NW 79th Street
and is seeking a developer to employ an economic
development reuse.
Partner with CRA to use site for first flex space unit
and invest in brighter street lighting and local murals to
create more inviting neighborhood feel.

15. V I S I O N R E V I S I T E D
14
For the last 10 years, Miami's 79th street corridor has been considered a
prime area for Miami's industrial and residential growth but as lacked
leadership in evolving that vision into reality .
Central District Park represents the beginning of a new era with high
potential to expand the park as far west as Hialeah Hospital, where a
total of 251 acres, or about 20%, of all the land area in the CRA, is
currently vacant and prime for strategic development.
Like Harvest Green, The Park can serve as a low risk, high reward beacon
of change and progress that benefits Miami's economic growth.
Renderings of Harvest
Green Park in Malaysia
2006
Renderings from a
NW Miami Dade
Charette Workshop