K & Co LLC422-502 Lanatana Rd, Lantana FL. 33462

NON - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is

intended to be reviewed only by the party receiving it from South Florida Real Estate Connection and should not be made available to any other

person or entity without the written consent of South Florida Real Estate Connection.

This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a

preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence

investigation. South Florida Real Estate Connection has not made any investigation, and makes no warranty or representation, with respect to the

income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the

property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal

regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's

plans or intentions to continue its occupancy of the subject property.

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, South Florida Real

Estate Connection has not verified, and will not verify, any of the information contained herein, nor has South Florida Real Estate Connection

conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or

completeness of the information provided. All potential buyers must take appropriate measures to verify all the information set forth herein.

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of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR SOUTH FLORIDA REAL ESTATAE CONNECTION AGENT FOR MORE DETAILS.

INVESTMENT OVERVIEW

South Florida Real Estate Connection is pleased to present, as exclusive advisor, 422-502 Lantana RoadLantana, FL 33462. This property is being offered for the first time in 30 years on the market. Ownersreplaced 4 of 5 a/c units. Landlord has put all new tenants in place for October 2019 at $400 under marketvalue which leaves this property VALUE ADD PROPERTY for the next owner. Roof was just coated Dec. 1st

2019 .Parking that’s deeded to property is 2 spaces per a unit plus a handicap space.. Seller is willing to givea cross parking lot agreement that doubles the parking. Please do not disturb the tenants .

LISTED FOR SALE AT $780,000 Conveniently located directly on Lantana Rd just blocks from the ocean justnorth of Boynton Beach and North of Manalapan in a thriving entertainment district. The Property boastseasy access to Interstate 95, The Public Beach and Entertainment Complex and the Palm Beach InternationalAirport. Further enhancing the Property's central location is an abundance of multifamily and single-familyhousing, as well as a critical mass concentration of office, retail, service, banking, motels, restaurants andshopping centers in the surrounding vicinity.

Rent Rolls

All tenant’s have a

1-year lease and

would like to renew

Owner managed

422-502 Lantana Road

(Fully Occupied Building 5,000SF)

5 unit (Commercial Retail / Medical )

1. Unit 422 $1200/m

2. Unit 426 $1100/m

3. Unit 428 $1150/m

Unit 500 1000/m

1. Unit 502 $1000/m

2. ANNUAL Gross income $65,400

THIS IS A VALUE-ADD PROPERTY

Operating expenses

Operating expenses

❖ TAXES $10,700

OPERATING EXPENSES:

❖ WATER $2500

❖ INSURANCE $3500

❖ GARBAGE $2500

❖ MANAGEMENT $0 OWNER MANAGED

Annual Operating Expenses $16,700

422-502 Lantana Rd, Lantana FL. 33462

THE OFFERING

Property K & Co LLC

Price $780,000

Property Address 422-502 Lantana Rd

Lantana, Fl 33462-1611

Assessors Parcel Number 40-43-45-03-10-005-0060

Zoning C1 (city) / NEIGHBORHOOD COMMERCIAL DISTRICT

SITE DESCRIPTION

Number of Floors 1 Story

Year Built/Renovated 1959

Rentable Square Feet 5,000 SF

Ownership K & Co LLC

Lot Size 0.15 acres / 5,000 sf

Parking +/- 20 Surface Spaces

Intersection/Cross Street W Lantana Rd / N 4th St, E

UTILITIES

Fire Protection N/A

Power N/A

Life Safety N/A

Security N/A

HVAC Multi-Ton Roof Mounted units New

CONSTRUCTION

Foundation Concrete Slab on Grade

Framing CBS

Exterior Stucco over Concrete

Parking Surface Asphalt

Roof Barrel Tile/ Flat Roof Tar and Rock

Floor Plan Varied

Ceiling Height Ground Floor of Main Building +/- 10 Feet

PROPERTY SUMMARY

PALM BEACH COUNTY

▪ Histprically, the Palm Beach County economy benefited from an expanding population that

supported strong growth in the real estate, construction and services-related sectors.

▪ Tourism plays an important role in the local economy, generating billions of dollars in revenue

annually, including spending by cruise-ship passengers.

▪ Agriculture is also an important industry in the western portion of the region, where crops

include winter vegetables, citrus, sugar cane and ornamental plants.

MARKET OVERVIEW

422-502 Lantana Rd, Lantana FL 33462

SOUTH FLORIDA METROS

Vacancies and Rents Improve Even as Development Expands in Some Southeast Florida Markets

After moderated period, construction ramps up in West Palm Beach and Fort Lauderdale while fundamentals carry momentum. A subdued development pipeline

and consistent demand for space has substantially improved office operations in West Palm Beach over the past several years. The market’s vacancy rate has

dropped from a cycle high of 20.7 percent in 2010 to under 14.0 percent this year, the most substantive recovery in the region. Availability will decline sharply again

in 2019 despite a year-over-year rise in deliveries, as the metro’s largest completions are already fully leased. A similar expansion to the construction pipeline in

Fort Lauderdale will hold vacancy flat this year but not impede rent growth. Monthly rates are appreciating at a rapid clip here as biotech and business development

companies like Ultimate Software absorb more space.

Fewer arrivals pave way for rent growth in Miami. In contrast to the rest of Southeast Florida, the development pipeline in Miami is contracting this year. Although

deliveries will still surpass 1 million square feet, ongoing leasing by healthcare companies, coworking enterprises and business services firms sustains demand.

Availability will dip this year following a supply-driven increase in 2018, with vacancy particularly tight in Miami City, West Miami and Medley/Hialeah. A strong

interest in occupying office space in these and other submarkets bodes well for rent growth this year, even though asking rates are already some of the highest in

the state of Florida.

* Cap rate trailing 12-month average through 1Q; Treasury rate as of March 29 Includes sales $1 million and greater for Miami, Fort Lauderdale and West Palm Beach Sources: CoStar Group, Inc.; Real Capital Analytics

InvestmentTrends

Office 2019 Outlook

VacancyY-O-Y

BasisPoint

Change

MetroAsking

Rent

Y-O-Y

Change

Miami 12.7% -10 $35.81 %2.4

Fort Lauderdale 12.9% 0 $29.75 4.6%

West Palm Beach 13.4% -70 $30.46 4.4%

Miami

• Greater interest from institutional investors translated into several recent high-caliber trades in Downtown Miami and nearby Brickell. Initial returns for these

assets were in the mid-4 percent zone.

• Trade volume improved year over year in Kendall as multiple Class B and C assets changed hands for under $10 million with cap rates in the high-6 to high-7

percent range, above the high-5 percent metro average.

Fort Lauderdale

• Private investors have been more active than institutions so far this year as regionally low entry costs attracted parties from outside the market. Sales activity

rose notably in Pompano Beach as buyers pursued Class B assets with mid-6 to mid-7 percent initial yields.

• Medical office properties acquired in recent months provided above-market initial returns. Several Class B and C assets in the city of Fort Lauderdale were

exchanged with cap rates up to mid-8 percent.

West Palm Beach

• West Palm Beach investors focus on business hubs in Boca Raton, Delray Beach and other areas to obtain properties with high-credit tenants as the metro lacks

a prominent central business district.

• Buyers targeting regionally high yields have pursued opportunities in North Palm Beach. Post 1980-built, sub-30,000-square-foot assets have traded recently

with cap rates in the 7 to 8 percent zone.

SOUTH FLORIDA METROS: WEST PALM BEACH

DEMOGRAPHICS

422-502 Lantana Rd, Lantana Fl 33462