Location Summary

• The SDP Professional Offices is located in the City of Homestead in the State of Florida. Homestead is part of the South Florida Market and is situated in the Homestead/South Dade MF submarket. Located just 30 miles south of the international City of Miami, with access to Miami International Airport, Downtown, The Florida Keys, Dadeland and South Miami. SDP Professional Offices is just West of US-1, Fronts Campbell Drive to the North, East of Krome Avenue and South of Downtown. Downtown Homestead is undergoing a re-development with new projects completed such as the Seminole Theater, City Hall and the new Police Station. Future developments include the Homestead Station, a 100,000 SF retail center which is planned for the corner of W. Mowry Drive and Krome Avenue. Homestead Station is expected to contain a multiplex movie theater, national clothing chain stores, restaurants and more. Homestead Station is one of the first nationally funded projects slated for Downtown Homestead with more to come. The project also includes the development of a 300+ parking garage that will be attached to a Rapid Transit Hub, that will connect Homestead with Dadeland Station. The hub that received approval from the county for funding and is pending state and federal approvals to begin construction of the transit hub only, the parking garage will be provided by Homestead Station. The Downtown revitalization plan also includes improved street lighting, signage, roadway upgrades, underground storm pipes, brick paved sidwalks, outdoor venue spaces and provides funds to small business owners to improve the facades of their businesses in Downtown. The Downtown CRA is also working with local and state business owners to bring entertainment venues to the area, including a brewery, nightclub, restaurants, music hall and more. With a hometown feel, Homestead is poised to be a growth city for employees of nearby Florida City, Key Largo and Kendall. With affordable living, country setting and a revitalized Downtown, Homestead and The SDP Professional Offices is the place to be for growth and long term investment.
• Skyrise Commercial Real Estate Advisors has been selected as the exclusive marketing agents for the SDP Professional Offices locted at NE Corner of Campbell Drive and NE 2nd Avenue. Comprised of 2,600 RSF, the corner site provides 3 retail/office spaces with 12 parking spaces and 1 handicap space. The property is zoned BU-1A and fronts Campbell Drive from the North. The SDP Professional Offices has 3 fully leased, retail/office spaces with front glass entrance doors, central air conditioning and plenty of customer parking. The building is very well maintained and has direct access to NE 2nd Avenue and an easement road to the North. SDP Professional Offices is located just east of Krome Avenue and less than 1/2 a mile from the under development, Homestead Station, located at the SE Corner of Krome Avenue and W. Mowry Drive. Homestead Station will provide a 300+ parking garage that will connect passengers to Rapid Transit bus service to Dadeland Station to the North, along with a brand new cinema, retail shops, entertainment and more. Tenant leases are for 1-year with 1-year renewal options, offering a built-in increase of $50-100 per month at expiration. Tenants are responsible for their electric service and Landlord provides services for roof, building, parking, water, trash and landscaping. Currently their is no pass-thru of expenses, as leases are net of electric. Potential recapture of all or a portion of the Landlord expenses is possible at the end of the scheduled leases. Many tenants have occupied the warehouses for more than 3+ years. The SDP Professional Offices is situated inside a Florida Opportunity Zone. Opportunity Zones were introduced in 2017 via the tax reform act of congress, which allows investments made inside of these zones to have savings on the capital gains taxes due on 1031 exchanges into the zone, as well as the potential to reduce and/or eliminate any capital gains on the acquired asset over a required period of time. Further information on these Opportunity Zones is available on the internet. The listing broker can also assist with additional information on the program. With close to 24,000 vehicles traveling by the site, with great access, plenty of parking, fully leased with long term tenants and in the path of Downtown's revitalization plans, The SDP Professional Offices is a great long-term investment and a great owner/user property.