CHASE BANK BUILDING
FACT SHEET
150 SE 2nd Avenue. Miami, FL
LOCATION MAP
INVESTMENT OPPORTUNITY
1 2 3
395 MacArthur Causeway US
NE 2nd Ave
E. Flagler St.
B lv d
NE 6th St.
The Chase Bank Building has just finished a foreclosure process. For that reason, we can offer our investors a price at a discount from the market value. Afer completion of remodeling and deployment of repositioning strategy, it is expected to rent at annual gross rental rates of $30/sq.ft. and annual net rental rates of $20/sq.ft. Purchase Price, including remodeling, starts at $275/sq.ft. Comparable buildings in Brickell Avenue, just 2 blocks away from the property, are currently being offered at $450/sq.ft.
Location: 150 SE 2nd Ave. Miami, Fl. One block from Brickell Avenue Frontage: 175’ along SE 2nd Ave. / 150’ Along SE 2nd st. Site size: 25.200 sq.ft. of land area
SW 1st St
Bricke
l l Av e n ue
DOWNTOWN MIAMI
BRICKELL
Business Plan consists of the acquisition, remodeling, and market repositioning of a Class B into a Class A building.
BUILDING HIGHLIGHTS
B is c a y n e
NE 1st Ave.
N. Miami Ave
NW 2nd Ave
95
SOUTH BEACH
1
4 5 6
Invest in commercial real estate, both office and retail space, in the building best known as Chase Bank Building, located in Downtown Miami.
CHASE BANK BUILDING
Current lease area: 126,608 sq.ft. I Post remodeling lease area: 138,000 sq.ft Stories: 14 I Parking spaces: 153 I Office floors: 13 Retail stores: 14 (2 occupied by Chase, 1 occupied by Edible Arrangements, 1 vacant.)
BRICKELL KEY
Institutional image: Chase Bank is a tenant of 2 of the retail spaces and holds rights for the building name and roof top sign. BISCYANE BAY
Arquitect: Morris Lapidus