LUXURY MIXED-USE DEVELOPMENT OPPORTUNITY SUNNY ISLES BEACH (MIAMI BEACH), FLORIDA EXCLUSIVE INVESTMENT OFFERING FEATURES:

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1 EXCLUSIVE INVESTMENT OFFERING FEATURES: Signalized Hard Corner Location Fronting Collins Avenue - "Millionaire's Row" (Over 30 Luxurious Resorts Immediately Surrounding Subject Property) Acres Directly Across from Sunny Isles Beach (Over One Million Visitors Travel to Sunny Isles Beach Annually) Under Utilized Parcel of Land - Significant Development Potential (Prime Location for Luxury High-Rise over Multi-Level Retail Mixed-Use Project) Existing Income Stream in Place from Epicure Market (Can Provide a New Owner with Carrying Costs During Entitlement Process) Affluent Surrounding Demographic Population (Average Household Income within 3-Mile Radius - $99,256) Pacific Commercial Investments, Inc MacArthur Boulevard, Suite 220, Irvine, CA Phone (949) Fax (949) info@pacificnnn.com

2 CONFIDENTIALITY This is a confidential marketing profile (the "Profile") intended solely for your limited use and benefit in determining whether you desire to express further interest in purchasing the "Property", located in Sunny Isles Beach, FL. This Profile has been prepared by Pacific Commercial Investments, Inc. ("PCI") on behalf of the owner of the Property (the "Owner") and has been reviewed by representatives of the Owner. It contains select information pertaining to the Property and does not purport to be an all-inclusive representation of the state of affairs of the Property, or to contain all the information, which prospective investors may require. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and PCI. The information contained herein was obtained from third parties, and it has not been independently verified by PCI. Prospective investors should have the experts of their choice inspect the Property and verify all information. PCI is not qualified to act as or select experts with respect to legal, tax, environmental, building construction, soils-drainage or other such matters. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. Neither the Owner nor PCI, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy of completeness of this Profile or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Profile or use of its contents. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers on the subject Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Profile. The Owner shall have no legal commitment or obligation to any entity reviewing this Profile or making an offer on the Property unless and until written agreement(s) for the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner's obligations therein have been satisfied or waived. By receipt of this Profile, you agree that this Profile and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Profile or any of its contents to any other entity without prior written authorization of the Owner or PCI. You also agree that you will not use this Profile or any of its contents in any manner detrimental to the interest of the Owner or PCI. PCI reserves the right to submit the Property to additional clients on terms that may or may not be identical to the terms contained herein. By receipt of this Profile, you acknowledge that competing interests may develop in connection with offers on the Property, and waive any conflict of interest that might arise as a result thereof. In such case, PCI expressly disclaims any obligation to advance the interest of any client at the expense of any other client who may receive this Profile. Dealings with each client shall remain strictly confidential and in no case will PCI disclose the terms of any actual or potential offer to any competing client.

3 LOCATION The subject property is located fronting Collins Avenue between 172 nd Street and 170 th Street in the city of Sunny Isles Beach, Miami-Dade County, Florida. The city of Sunny Isles Beach is ideally situated between Miami and Fort Lauderdale, giving residents unequaled access to world-renowned restaurants, nightclubs, theatres, cultural and convention centers and much more. Situated on 3.13 acres of land, the subject property sits across the street from Sunny Isles Beach, a 2 ½ mile stretch of pristine white sand lining the Atlantic Ocean, which was ranked as the #1 U.S. destination by TripAdvisor TravelCast in This luxury shoreline destination of Florida boasts numerous resorts, luxury condominiums, shops and attractions that are reminiscent of island beach communities. Collins Avenue, or informally known as Millionaires Row, is home to many historic 1950 s and 1960 s Art Deco hotels along with several upscale and five-star resorts, as well as numerous popular nightclubs such as Opium Garden, Privé, Mansion, and SET. Serving as one of the primary North-South thoroughfares within Miami, Collins Avenue runs from the southernmost tip of Miami Beach, known as South Beach, to the northernmost part of Sunny Isles Beach. Directly across from the subject property, situated along Collins Avenue, are some of Miami-Dade County s famous high rise condominiums and resorts. These high-rise condominiums are among the most luxurious residences, not only in Sunny Isles Beach, but the greater Miami-Dade County. With brand-new facilities and technologically advanced amenities, residents enjoy the ambiance of luxury living, fine dining, and paradise all within a short walk. Neighboring the subject property are Jade Ocean, a 256 unit, 50 floor high-rise condominium, and Jade Beach, a 235 unit, 55 floor high rise condominium. Additionally, approximately 1 mile north of the subject property is the Trump Grande Ocean Resort and Residences which includes the Trump International, Trump Palace, and Trump Royale. Widely regarded as one of the premier hotel destinations near Miami Beach, Trump International Beach Resort is home to 390 rooms and suites. The Trump Palace, 433 units, and Trump Royale, 380 units, are 55 floors of luxurious residential high-rise condominiums ranging in price from $359,000 to $3.47 million, offering unmatched backdrops designed for a rich, sophisticated lifestyle. With such lavish residential high-rises and five-star resorts, the affluent Collins Avenue corridor provides exceptional year round exposure for the subject property. The subject property benefits from a large consumer base traveling to a few of Florida s famous shopping centers. Nearly 1 mile west of subject property is the Intracoastal Mall that sits on roughly 233,000 square feet of land with traffic counts passing the mall in excess of more than 70,000 cars per day. Intracoastal mall is becoming one of the premiere destinations for North Miami Beach area with more than 18 shops anchored by T.J. Maxx, Old Navy, Intracoastal Cinema 8, and Winn-Dixie Supermarket. Approximately 3 miles northwest of subject property is the famous Aventura Mall. This upscale super-regional mall is the biggest conventional shopping mall in Florida, and is the fifth largest shopping center in the United States. Situated on 2,400,000 square feet of land, Aventura Mall has three floors of retail space, comprising of over 280 shops, 18 fast food restaurants, several chain and world class restaurants, and is anchored by Bloomingdale s, J.C. Penny, Macy s, Sears, and Nordstrom. Additionally, roughly 3.2 miles south of the subject property is the highly upscale, internationally renowned, open-air shopping mall in Bal Harbour. Bal Harbour shops have operated at 100% occupancy for more than two decades and consistently have a two year waiting list of tenants wanting to lease space once available.

4 LOCATION (Continued) The subject property also benefits from a large student body of Florida International University s Biscayne Bay campus, the largest branch campus in Florida s State University system. Approximately 3 miles southwest of the subject property is FIU s second largest campus, Biscayne Bay, with a student body of more than 7,000 people. Florida International University s 40,455 students, 2,974 faculty, and 4,172 staff have easy access to the Biscayne Bay campus via the student bus system allowing for greater consumer exposure to the subject property. Additionally, 10 miles west of the subject property is the Sun Life Stadium home to Miami Dolphins, Florida Marlins, and University of Miami Hurricane s football team. The stadium underwent a $250 million improvement and innovation project to offer fans the best in stadium entertainment. Sun Life stadium can hold approximately 38,560 fans for a baseball game, and 75,540 fans for football and soccer games. Approximately 11 miles south of the subject property along Collins Avenue is the internationally recognized Miami Beach. Miami Beach is home to the Art Deco Historic District where the largest collections of Art Deco architecture in the world and encompasses many hotels, apartments, and buildings constructed between 1923 and Additionally, Miami Beach is residence to the Miami Beach Convention Center, a 1,000,000 square foot multipurpose center that can hold approximately 50,000 guests. Home to over 100 events per year, this highly recognized convention center hosts over 750,000 attendees annually. The Miami Beach Convention Center is also the site for the annual South Florida Auto Show, a 10-day event that averages over 650,000 visitors a year and is the 5 th busiest auto show in the Nation. The center annually holds the Art Basel Miami Beach show where over 250 galleries are presented from over 2,000 artists. The show brings in over 42,000 visitors a year along with a great number of famous artists, collectors, museums, and institution groups. Miami Beach is also a residential oasis for millionaires and celebrities alike as Biscayne Bays Hibiscus, Palm and Star Islands are the destination to many multimillion dollar homes. Shaquille O Neal, Madonna, Sean P. Diddy Combs, Alex Rodriguez, Lenny Kravitz, Sylvester Stallone, Gloria Estefan, and Don Johnson are some of the current and past residents of the exclusive Star Island community. Miami Beach and South beach are famous for extravagant nightclubs, bars, restaurants, shops, and resorts where visitors from all over the world travel to partake in numerous activities. Furthermore, the subject property is easily accessible from the two major international airports. Approximately 13 miles north of the subject property is Fort Lauderdale-Hollywood International Airport (FLL), one of the fastest-growing major airports in the country. In 2007, FLL processed approximately 22,681,903 passengers both domestically and internationally and was ranked as the 22 nd busiest airport in the United States and the 50 th busiest airport in the world. Additionally, Miami International Airport is located 17.5 miles southwest of the subject property and is one of the busiest airports in the world with over 17.9 million domestic and 16 million international passengers annually. In the United States, Miami International is 12 th among total passengers in the U.S. and 25 th internationally, which averages 642,516 travelers on a weekly basis.

5 TRADE AREA DEMOGRAPHICS Situated between the Intracoastal Waterway and the Atlantic Ocean, Sunny Isles Beach benefits from approximately one million tourists annually. Sunny Isles Beach has a population of 19,540, and is located within Miami-Dade County which boasts a strong population estimated at 2,500,625 in 2009 (an 11% increase from 2000). Ranked #1 U.S. destination by TripAdvisor TravelCast in 2008, Sunny Isles Beach is considered to be the Beverly Hills of the Southeastern United States, and the destination for luxury high-rise residential development in Miami Beach. The surrounding trade area is compromised of an affluent residential demographic with a 2009 average household income of approximately $88,986 in a one-mile radius as well as $99,256 within a three-mile radius of the subject property. Furthermore, the subject property benefits from a daytime population of 118,571 poeple within a three-mile radius as well as 328,700 people within a five-mile radius. Along with the additional support from tourists, visitors, local workers, as well as the students, faculty and staff from Florida International s Biscayne Bay Campus, the subject property is well positioned to sustain long-term success as a mixed-use devlopment. 1-MILE RADIUS PROFILE 3-MILE RADIUS PROFILE 2009 Population: 16, Population: 85, Total Households: 9, Total Households: 88, Avg. HH Income: $88, Avg. HH Income:: $99, Daytime Population 21, Daytime Population 118,571 *Demographic information obtained from multiple sources. Please contact PCI to obtain detailed information.

6 INVESTMENT INFORMATION PROPERTY INFORMATION: Address: Collins Ave, Sunny Isles Beach, FL Land: Improvements: (Approx.) 136,298 Square Feet (Approx.) 32,000 Square Feet APN: , 0050, 0112, 0120 FINANCIAL INFORMATION: Price: $25,000, Terms: Zoning: All Cash or Cash to New Loan TCO (Town Center Zoning District) Click Here for more Information on Zoning

7 AERIAL accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.

8 AERIAL accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.

9 RENDERING #1 accuracy or completeness Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.

10 RENDERING #2 accuracy or completeness Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.

11 RENDERING #3 accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.

12 AERIAL accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.

13 AERIAL accuracy or completeness. Buyer should conduct its own independent investigation and consult an attorney. As of March 2012.

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