TITLE:
COVERED RV AND BOAT STORAGE JV
CONTROL:
Partner
VALUE:
$3,919,000
LOAN:
$1,419,000
EQUITY:
$2,500,000
TYPE:
Development
HAVE:
To Be Developed Covered RV and Boat Storage Development on 3.7 acres of Highway Frontage Commercial Land. Opportunity Zone Fund Documents Ready-To-Go. The Building Site for this project has a Net Value of $250,000.
ADDRESS:
0 Sand Court, Lake Placid, Florida
BENEFITS TO NEW OWNER:
Profit / Income from Development Opportunity Zone Tax Benefits
GROSS SCHEDULED INCOME:
$437,729 Projected
VACANCY LOSS:
$21,249
GROSS EFFECTIVE INCOME:
$416,480
EXPENSES:
$142,140
NOI:
$274,340
DEBT SERVICE:
$0
CASH FLOW:
$274,340
CAP RATE:
7.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,419,000
$193,290
6%
12/31/1969
Yes
BENEFITS SOUGHT:
Raising cash equity to develop this project and the completed value of equity as shown above. Financial Partners for Development
CAN ADD:
Self-Storage Development Expertise. On-site experienced local Partner. Equity for the development.
COUNSELOR:
Chuck Sutherland
Sutherland Investments
PO Box 110956
Carrollton, Texas, 75011-0956
