In 2008, Afin Developer group acquired a 30,000 SF corporate and retail office building in North Miami Beach. Mr. Araujo oversaw the renovation of both the interior and exterior of the building, as well as the asset management of the property. A total of $450,000 was invested in capital improvements – exterior and interior renovations, modernization, and overhaul of technology systems (internet & VOIP). Since the acquisition, average rent has increased by 65% and occupancy has increased from 54% to 90%. The building was sold in 2019. However, Afin continues to manage the property for the new owners.

Location: 2020 NE 163rd St, North Miami Beach, Fl Property Type: Office Building Corporate / Executive Suite Units/RSF: 30,000 SF – 90% Occupancy Development Summary: Renovation and Marketing Summary: Investment renovation Beautification, modernization and update technology (Internet and VOIP) Role: Owner / Developer Investment Strategy: Buy and Hold Result: Return 10% after business plan completed Website: www.office-2020.com (Under construction) Afin Developer Group has specialized in the management of office and retail space. It has in its portfolio with a building with 30,000 SF of “Executive Offices” in North Miami Beach, Office 2020 LLC. This is not a company of “administration” of properties but is the “owner” of the same, with the ability to act effectively and diligently to the requirements of the rental business or office renovation needs and respond quickly of tenants. This helps to substantial savings for both the company and tenants and adds confidence that they are dealing directly with the “owner”.

OFFICE 2020 | STABILIZED

Office 2020

Location: 2020 NE 163rd St, North Miami Beach, FL

Property Type: Office – Corporate 60% / Executive 40% & Retail

Units/RSF: 30,000 RSF

Project Type: Acquisition & Renovation

Role: Owner, Operator

Investment Strategy:

Acquire, renovate, lease-up, hold

Project Summary:

Acquired in 2008

40% of space consists of executive suites

Invested $450,000 in capital improvements – exterior and interior renovations, modernization, and overhaul of technology systems (internet & VOIP)

Since acquisition avg. rent has increased by 65% and occupancy has increased from 54% to 90%

Sold in 2019