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Agenda Item· C 6· Commission Meeting· Wed, Jan 31, 2024

69,727 1944 98.6 $35.50 TOTAL 8 154,350 1949 95.1 $38.22 Source: CoStar The largest…

Dollar impact
$38
Status
pending
Importance
20/100
Track
Statura briefing · workspace aware

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Agenda Item$38introducedCommission Meeting

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Lifecycle

IntroducedJan 31, 2024
Adopted
Effective

Registered lobbying that may relate

9 Century Lane, LLC via HEVIA, Wesley · “Development approvals for properties · possible match on properties · source ↗
Michael Saiger via HEVIA, Wesley · “Development approvals for properties · possible match on properties · source ↗
411 Michigan SOFI Owner, LLC via LARKIN, Michael W · “Properties located at 411 Michigan · possible match on properties · source ↗
Issue-text match against Miami Beach's lobbyist registry. See the full registry on the Lobbyists tab.

Item text

69,727 1944 98.6 $35.50 TOTAL 8 154,350 1949 95.1 $38.22 Source: CoStar The largest three office properties are at 300 71st Street, 220-240 71st Street and 301-317 71st Street with an NRA of 66,022 SF, 19,538 SF and 18,601 SF that were built in 1971, 1956 and 1952, respectively. The closest large office property in proximity to the subject is at 7449 Collins Avenue with an NRA of 13,034 SF that was built in 1948.

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69,727 1944 98.6 $35.50 TOTAL 8 154,350 1949 95.1 $38.22 Source: CoStar The largest three office properties are at 300 71st Street, 220-240 71st Street and 301-317 71st Street with an NRA of 66,022 SF, 19,538 SF and 18,601 SF that were built in 1971, 1956 and 1952, respectively. The closest large office property in proximity to the subject is at 7449 Collins Avenue with an NRA of 13,034 SF that was built in 1948. All of the properties were constructed before 2000. The following chart and map show the subject property and its location relative to the 10 largest office properties in the immediate area from CoStar. LARGEST OFFICE BUILDINGS NAME DISTANCE MAP PIN CLASS NRA (SF) % LEASED YEAR BUILT AVG RENT City National Bank 0.4 Miles A B 66,022 100.0 1971 N/Av Office Building 0.4 Miles B C 19,538 100.0 1956 $44.00 Office Building 0.4 Miles C B 18,601 68.8 1952 $46.38 Office Building 0.4 Miles D C 13,076 100.0 1948 N/Av Office Building 0.1 Miles E C 13,034 91.9 1948 $27.00 Office Building 0.4 Miles F C 12,675 100.0 1937 N/Av Office Building 0.5 Miles G C 9,956 100.0 1941 N/Av Office Building 0.5 Miles H C 1,448 100.0 1935 N/Av Source: CoStar © 2023 COLLIERS INTERNATIONAL VALUATION & ADVISORY SERVICES 34

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