Contact: Jerry Hart [email protected]

UPDATED: October 12 2007
Contact: Jerry Hart [email protected]
Phone: 407-834-7566
Fax: 407-834-4786
Hart Storage Realty
● Brokerage ● JV Partnerships ● Investment Analysis ●
Maitland, FL
CONFIDENTIALITY & DISCLAIMER AGREEMENT
PURPOSE The Purpose of this brochure is to provide a Summary and Overview of the property
located at US Hwy 1 and Savanna Club Blvd in Port St. Lucie, Fl. The Brochure is provided
Exclusively by Hart Storage Realty, solely for information purposes for purchase of the property. By
accepting and reviewing this Marketing Brochure you agree to the below:
CONFIDENTIALITY AGREEMENT You will use the information solely for the potential
Purchase the property located at US Hwy 1 and Savanna Club Blvd in Port St. Lucie, Fl. You will not
disclose the Brochure or any of its contents to any other entity or person without the prior written
authorization of the Owner and/or Broker. You will not use the information in any fashion or manner
that is detrimental to the interest of the Owner or Broker. You will not contact the property
management, tenants or owner and all communication will be directed through Hart Storage Realty.
DISCLAIMER This Disclaimer is to advise you and you acknowledge: The information contained in
this brochure is subject to errors, change or withdrawal without notice and no information should be
relied on until verified. Dimensions and areas are approximate. No guarantees or representations are
made or implied here or elsewhere by
Seller, Hart Storage Realty or its
representatives now or in the future
concerning financial information,
occupancy, performance, develop
ability, usability, or condition of the
property or regarding any
environmental concerns such as, but not
limited to, hazardous wastes or
substances, contamination, radiation,
wetlands, endangered species or areas
of special concern. Financial and
occupancy information herein is based
on information provided by third
parties; accuracy is not warranted.
Buyer shall have the duty to inspect
or otherwise verify any such
information to buyer’s satisfaction, Owner has no obligation to agree to sell or discuss a sale or
respond to any offers. Owner will sell the property only on an “as is” basis, with all faults and without
representation or warranty as to physical condition.
BROKER DISCLOSURE Hart Storage Realty, a licensed Florida Real Estate Broker, is operating as
a Transaction Broker. Hart Storage Realty does not have any Broker Participation Fees available
with this listing or accept sub-agents. You represent that you have not engaged any broker or finder
and agree to indemnify, defend and hold Owner and Hart Storage Realty harmless from any and all
claims. In any claim or controversy arising out of or relating to this Confidentiality Agreement,
Brochure Information and potential transaction shall be governed and construed with the laws of the
State of Florida with the venue in Orange County, Florida.
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INDEX
I
II
Property Summary
Overview
Demographics
Location Maps
Proposed Buildings
Proposed Units
Property Summary
Utilities
Proposed Construction
Proposed Unit Mix
Plat Map
Aerial
Neighborhood
City of St. Lucie
Proposed Site Plan
Proposed Landscape Plan
Page
Page
Page
Page
Page
Page
Page
Page
Page
Page
Page
Page
Page
Page
Page
Letter of Intent
Page 14-15
1-2
4
5
6
6
7
7
8
8
9
9
10
11
12
13
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DEMOGRAPHICS:
Population:
2006 Population
2011 Projection
1 Mile
3 Mile
5 Mile
4,116
4,859
51,465
62,959
111,74
139,388
$31,889
$24,458
$36,123
$28,588
$40,832
$21,845
$43,298
$25,815
$44,461
$23,524
$51,365
$28,253
2,318
2,744
21,712
26,741
43,123
57,971
Income:
2006 Est. Avg. Household Income
2006 Est. Median Income
2011 Est. Avg. Household Income
2011 Est. Median Income
Households:
2006 Total Households
2011 Total Projected Households
Rings are spaced at 1, 3, and 5 miles from subject property
-4-
LOCATION MAPS:
Savanna Club Blvd and US Hwy 1, Port St. Lucie, FL
Neighborhood
Port St. Lucie Area
South Florida
-5-
PROPERTY SUMMARY
PROPOSED BUILDINGS:
The proposed construction provides
for 5 single story storage buildings
and one two story manager’s office
and apartment. The gross building area
is ± 90,384 sq ft.
Roofs: Standard Metal over Metal
Framing
Exterior Walls: Concrete Block &
Painted metal
Interior Partitions: Metal panels &
concrete block
Doors: Metal Roll-up
Floors: Sealed concrete
Unit Mix
Type
Self Storage
Sq. Ft. # Units
35,275 250
Climate Control 38,600
381
TOTAL
631
73,875
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PROPERTY SUMMARY
SITE DESCRIPTION:
Site Area: 6.211 acres w/ 344.11 ft
frontage along busy US 1
Proposed Site Improvements:
Fence: Decorative Iron in Front,
Concrete Block Wall and black
chainlink fence along perimeter
of the property
Driveways: Concrete Driveway
Zoning: CG, Commercial General;
St Lucie County Flood Zone X
Parking: Ample customer parking
Traffic: 45,000 AADT
UTILITIES:
• Water Service: Port St. Lucie
Utilities
• Sanitary Sewer Service: Port
St. Lucie Utilities
• Storm Sewer Service: Port St.
Lucie Utilities
• Electric Service: Florida
Power and Light
• Gas Service: Ft Pierce
Utilities Authority
• Telephone Service: Bellsouth
Business Systems
• Cable TV: Adelphia Cable
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PROPOSED CONSTRUCTION:
On February 7, 2006, the St. Lucie Board of County Commissioners gave major site plan
approval for the construction of a 90,384 sq ft household goods warehousing and storage
mini-warehouse facility. Details of the construction included a planned 87,692 sq ft of
storage space with a manager’s office and residence of 2,692 sq ft.
PROPOSED UNIT MIX:
Size
# of Each Unit
Sq Ft Total
Rent Rate
Total
Non Climate Controlled
5 x 5
22
5 x 10
47
5 x 15
3
10 x 10
43
10 x 15
43
10 x 20
53
10 x 25
18
10 x 30
21
Totals
250
550
2,350
225
4,300
6,450
10,600
4,500
6,300
35,275
$
$
$
$
$
$
$
$
65.00
85.00
95.00
125.00
140.00
155.00
170.00
190.00
$ 1,430.00
$ 3,995.00
$
285.00
$ 5,375.00
$ 6,020.00
$ 8,215.00
$ 3,060.00
$ 3,990.00
$ 32,370.00
Climate Controlled
5 x 5
55
5 x 10
96
5 x 15
34
10 x 10
72
10 x 15
46
10 x 20
74
10 x 25
3
15 x 15
1
Totals
381
1,375
4,800
2,550
7,200
6,900
14,800
750
225
38,600
$
$
$
$
$
$
$
$
80.00
95.00
100.00
140.00
160.00
190.00
215.00
220.00
$ 4,400.00
$ 9,120.00
$ 3,400.00
$ 10,080.00
$ 7,360.00
$ 14,060.00
$
645.00
$
220.00
$ 49,285.00
Total Units
Net Rentable Sq Ft
631
73,875
Potential Rent $ 81,655.00
-8-
PLAT MAP:
AERIAL:
-9-
NEIGHBORHOOD:
The City of Port St. Lucie is unique in that it is a large city that retains its "small town
feeling." A city recently designated by the U.S. Census office as the "fastest growing in the
nation." The city has an unchallenged reputation of being able to accommodate almost
every level of living style from the very modest to the most discriminating. An additional
plus for the community is that it has been certified as the safest city in the southeastern
United States and the 7th safest in the nation (Source, City of Port St Lucie).
This parcel of vacant land is situated in the easterly quadrant of St. Lucie County,
immediately east of the major thoroughfare US Hwy 1. The immediate neighborhood
sprawls north and south along US Hwy 1.
The neighborhood around this vacant
parcel is a combination of commercial
and residential uses along a primary
thoroughfare known as US Hwy 1 which
frames the property to the west. US Hwy
1 is well known for connecting coastal
communities all along the east Florida
coast.
Besides US Hwy 1, the neighborhood is
served by a good network of roads.
Savanna Club Boulevard lies directly to
the south and is a two-lane, asphalt paved
thoroughfare in average condition. It is a
well traveled road connecting the Savanna Golf Club and surrounding community to US
Hwy 1. Prima Vista Parkway lies to the north and serves as a major connector to Interstate
95.
In addition to Savanna Golf Club and the surrounding homes, Lake Lucie Estates, a
residential community, lies directly to the northeast of the subject property. As seen in the
aerial, two other residential communities lie to the north and west of the parcel as well.
Along US Hwy 1, commercial buildings are dominant. Some of the surrounding facilities
include Color Plus Paint and Paper, Inc., Agler and Son Excavating, Inc., various medical
facilities, convenience stores and eateries.
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THE CITY OF PORT ST. LUCIE:
The City of Port St. Lucie is located in St. Lucie County on the east coast of South Florida
between Indian River County and Martin County. The City has direct access to about 85%
of the Florida market through I-95, the Florida’s Turnpike or the US-1 Federal Highway1.
It has local and international air service within 30 minutes along with access to rail and sea
transportation as well. With a tropical South Florida environment, Port St. Lucie’s average
annual temperatures range from a high of 82 to a low of 66. Normal annual rainfall is 50
inches.
The City of Port St. Lucie is unique in that it is a large city that retains its "small town
feeling." A city recently designated by the U.S. Census office as the "fastest growing in the
nation." The city has an unchallenged reputation of being able to accommodate almost
every level of living style from the very modest to the most discriminating. An additional
plus for the community is that it has been certified as the safest city in the southeastern
United States and the 7th safest in the nation .
There is plenty of room to keep growing: Port St. Lucie shows the lowest ratio of
population to land among the largest cities statewide and half of its total number of lots
have not been developed yet.
To summarize, a diversity of
housing options, an excellent
climate, a strategic location, an
increasing number of
educational and recreational
opportunities along with a
comprehensive set of municipal
services, allowed Port St. Lucie
to grow fast attracting young
families and businesses to the
area.
(Source, City of Port St. Lucie)
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PROPOSED SITE PLAN:
- 12 -
PROPOSED LANDSCAPE PLAN:
- 13 -
LETTER OF INTENT
______________, 2007
Jerry Hart
Hart Storage Realty
668 N. Orlando
Maitland, Fl. 32751
RE: Letter Of Intent from: Company Name _________________________________
Buyer Name __________________________________________
Intent to Purchase:
“SAVANNA” Self Storage Investment Site
Savanna Club Blvd and US Hwy 1, Port St. Lucie, FL
Dear Jerry,
Please submit this offer to purchase the above referenced property. The following terms
and conditions would apply:
PURCHASE PRICE: ____________________ cash at closing.
DEPOSIT: $__________________ Upon the Effective Date.
ESCROW AGENT & TITLE COMPANY: __________________________________
_____________________________________________________________________
DUE DILIGENCE PERIOD: within 30 Days upon execution of a Purchase Contract.
CLOSING: within 30 Days after the expiration of the Due Diligence Period.
Other Terms & Conditions: _______________________________________________________
______________________________________________________________________
______________________________________________________________________
- 14 -
Purchaser and Seller shall execute a mutually agreeable contract by____________, 2007
or this Letter of Intent shall become null and void with no obligation to either party.
Owner has no obligation to agree to sell or discuss a sale or respond to any offers. Owner
will sell the property only on an “as is” basis, with all faults and without representation or
warranty as to physical condition.
These terms and conditions are not complete and will be covered in full upon the
execution of a Contract of Sale and Purchase by both parties. Neither party shall be bound
or obligated to perform under these terms and conditions.
This offer is good until 5pm __________________, 2007.
Sincerely:
________________________________________
Purchaser
Date
________________________________________
Company
________________________________________
Address
________________________________________
City, State, Zip
________________________________________
E-mail address
Accepted By: ______________________________________
Seller
Date
- 15 -