aavv

INVESTMENT Miami Tower
OPPORTUNITY
16001 COLLINS AVE. Sunny Isles

Tom  | [email protected]
 | (305) 502-3876
Principal

Disclaimer & Limiting Conditions

CONFIDENTIAL
This Private Placement Memorandum contains confidential and proprietary information

belonging exclusively to Sapphire Capital Partners

No Offer. This material is being provided for which the Fund will own substantially all its

information and discussion purposes only, is assets (the “Operating Partnership” or “OP”),

qualified in its entirety by the information and/or any of their respective affiliates. Any

included in the confidential offering documents offer or solicitation of an investment in the Fund

of Sapphire, LLC (the “Fund”)and is not intended may be made only by delivery of the Fund’s

to be, nor should it be construed or used as Confidential Private Placement Memorandum

investment, tax or legal advice, any (the “Memorandum”) to qualified investors.

recommendation, or an offer to sell, or a Prospective investors should rely solely on the

solicitation of any offer to buy, an interest in any Memorandum in making any investment

security, including an interest in the Fund or , decision. An investment in the Fund is not

any other private investment vehicle managed suitable for all investors and includes substantial

by Sapphire Developer Group, LLC (the risk, including loss of principal. This presentation

“Sponsor” or “Sapphire”), Sapphire Fund GP, LLC has not been prepared for any particular

(the “Manager”), the manager of the Fund, investor or client or necessarily for any particular

Sapphire Advisors, LLC (the “Investment type of investor or client.

Manager”), a wholly-owned subsidiary of

Sapphire, which provides asset and investment

management services to the Fund and a

subsidiary Delaware limited partnership through

2

Table of Contents

05 About Us 12 Financial Analysis
13 Demographic Summary
06 Executive Summary 14 Tenants Information
08 Location Overview 15 Comparable Properties
10 Property Photos

3

Executive Summary

Miami Tower 16001 COLLINS AVE. Sunny Isles

OFFERING SUMMARY 68,000,000.00 INVESTMENT HIGHLIGHTS
Price 5.20
Cap Rate ▪ Investment Hightlights
Net Operating Income 63,338,000.00
Total Lot Size 18.00
Net Rentable Area
Price Per Sq. Ft. 5,231.00
Year Built 125.00
Occupancy 2012
85.00

Tom  | [email protected] 4
 | (305) 502-3876
Principal

Location Overview

1 DIAMOND TOWERS

125 Batson Street

2 Name of Place

5 Address

3 Name of Place
Address

1 4 Name of Place
2
Address
3
5 Name of Place

Address

4

Tom  | [email protected] 5
 | (305) 502-3876
Principal

Location Overview

1 DIAMOND TOWERS

125 Batson Street

2 Name of Place

5 Address

3 Name of Place
Address

1 4 Name of Place
2
Address
3
5 Name of Place

Address

4

Tom  | [email protected] 6
 | (305) 502-3876
Principal

Property Photos

Tom  | [email protected] 7
 | (305) 502-3876
Principal

Property Photos

Tom  | [email protected] 8
 | (305) 502-3876
Principal

Financial Analysis

Property Description 68,000,000.00 Current Operating Information Financing Fix
Price 2012 01/01/2019 - Loan Type 45,000,000.00
Year Built 250 12/31/2019 Loan Amount 25,000,000.00
Number of Units Down payment
Net Rentable Area (NRA) 5,231.00 Current Income Data Interest Rate 2.50
Zoning Excellent Amortization 2 Year
Type of Ownership Partnership Gross Rental Income 52,000,000.00 Term
Lot Size Fix
Price per Square Foot 18.00 Other Income 12,500,000.00 RETURN
Parking 125.00 CAP Rate CURRENT
Occupancy Total Income 64,500,000.00 Debt Service 5.20
100 650,000.00 Cash Flow 2.10
85.00 Current Operating Cash-on-Cash
Expenses 15,000,000.00
4.10
Property Taxes

Insurance 115,000.00

Utilities 35,000.00

General Maintenance 95,000.00

Management Fees 125,000.00

Others 57,000.00

Reserves 85,000.00
1,162,000.00
Total Operating 63,338,000.00
Expenses
Net Operative
Income (NOI)

Tom  | [email protected] 9
 | (305) 502-3876
Principal

Tenants Information

Tenant Suite Square Feet % of Building Lease Exp. Monthly Rent Total Annual
Base Rent
TLM Bank 101 2,100 29.34% 12/31/20 $6,650 $79,800
Mini Market 102 3,742 52.28% 11/30/20 $11,558 $142,498
Pharmacy Plus 103 1,000 14.39% 3/31/21 $3,373 $13,561
Others 4.00% 4/30/21 $1,520 $18,240
Totals 316 100% $21,581 $263,384
7,158

Tom  | [email protected] 10
 | (305) 502-3876
Principal

Demographic Summary

HOUSEHOLDS 1 MILE 3 MILES 5 Miles
2020 Population
Median HH Income
Average HH Income

Neighboring Properties

North Plaza Hotel, UNC College

South McDonald’s, KFC

East Nyack Hospital, Golden Mall

West Home Depot, Bed, Bath & Beyond

Tom  | [email protected] 11
 | (305) 502-3876
Principal

Miami Tower

16001 COLLINS AVE. Sunny Isles