Property Name:

Sawgrass Professional Executive Offices

Property Description:

Sawgrass Professional Executive Offices is approximately 12,000 Sq Ft upscale office building fronting NW 136th Street zoning classification of B-1 and with approved site plan. The construction permits will be submitted once we finalize all the feasibility studies and we close on the vacant land parcel. This property is located within the City of Sunrise, Florida. Sunrise is a master-planned city with an ambiance that is appealing to families as well as thriving businesses. Sunrise offers a unique selection of residential neighborhoods, and an excellent business and commercial district; Sawgrass Mills Mall being the heart of the retail business.

Goals and Objectives:

RE/MAX Premier Associates has already negotiated and executed a contract with the seller, ITALVEN, INC, for the purchase of this property. It is the intention of JM Partners Investments, Inc to partner with a limited number of others in the formation of a new member managed limited liability Company known as Sawgrass Professional Executives LLC. RE/MAX Premier Associates will act as Managing Member of the Company, assign the purchase contract to the new Company and then purchase the subject property. Sawgrass Professional Executives LLC will then attempt to obtain all the appropriate governmental approvals with the City of Sunrise and The Broward County Commission. The property shall be cleared and filled to grade once the appropriate approvals have been obtained. The process of purchasing the vacant property, obtaining a site plan approval from the City of Sunrise, demucking and filling the property to grade, and obtaining the construction permits will take approximately 6 to 8 months. Please review the enclosed Sawgrass Professional Executive Offices Development Cost Breakdown for further details.

•The building is a two story building, comprised of approximately 53 executive offices on the second floor and the entrance lobby and parking in the first level.

•The total construction is of approximately 12,000 Sq Ft; from which it is estimated to have approximately 8,248 Sq Ft of effective executive lease space.