Unique Little Havana Assemblage Offering Attractive, Triple-Net Medical Office Lease and Additional Development Opportunity 

• Favorable T6-8 O Urban Core Zone inside Urban Development Boundary 

• Five lot corner assemblage totaling 36,250 square feet (0.83 acres) in the heart of Little Havana 

• The two corner lots (14,500 square feet) are developed, with a 13,388 sg ft GLA, cancer treatment and radiation therapy center (the “Cancer Center”), which consists of two floors of medical offices, including two radiation-therapy vaults (each encased in seven feet of concrete). Building was substantially renovated in 2009, at a cost of $3.8 million. 

• Triple net rent on the main building of roughly $50 per square foot.  More details and explanation of rent in the listing description. 
  
  Annual 3% escalators.  Seven years left with two five year renewal options but tenant and its predecessors have been there for over 14 years.  Original lease was 7 years and renewed. Strong center for them
  
  Second building has intentionally been left mostly vacant and its financials reflect the carry cost on it and two other lots
  
  Most of the tenant’s leases are 2% or CPI with cap.  Historical CPI closer to 2% over many periods of time.  Taxes insurance etc   No limit on annual increases in those expenses so basically landlord profit grows by 3% per year.