- Location: Gunter, TX
- Land Size: Approximately 54.5 acres (Tract 1 & 2) – Tract 1 -35.2 Acres and Tract 2 – 19.2 Acres
- Zoning: Approved for Mixed Use (Commercial and Multi-Family).
- Prime Location: CR 60 (Planned for 6 lanes) situated between Preston Road and DNT.
- Utilities: The seller (Centurion American) will provide utilities within 3 Years.
- Potential Uses: Perfect for a variety of mixed-use developments, such as restaurants, retail anchors, medical facilities, multifamily residences, and office spaces.
- No of Shares: 90
- Project Duration: 36 Months
- Total Capital Raising: $9.0M
- Price Per Sq.Ft: $3.75/Sq.Ft
- The land will be purchased entirely with cash, without any financing
Exit Strategy: Sell the property once its value has doubled the initial purchase price or after a minimum holding period of three years, whichever comes first. Throughout this period, we will strategically subdivide the land into smaller parcels and actively pursuing exploration opportunities to significantly enhance the property’s value and maximize returns.
Projected Sale Price: The projected sale price within three years is estimated between $7.50 and $10.00 per square foot, based on market trends and growth potential.
- The property will be owned by a single entity, with 90 shareholders holding ownership percentages based on their respective shares
- Property Entity Name: CROOKED CROSS GUNTER LP LLC
- Management Entity Name: CROOKED CROSS GUNTER GP LLC
- A legally binding operating partnership agreement will be drafted by an attorney to outline ownership details.
- GPs will oversee the management of the property, including communications, coordination, legal structuring, negotiations, value-added initiatives, and sales. They will also hold final authority on all strategic decisions and the execution of the investment plan.
$9M
Capital Raising
90
No of Shares
25% AAR
Expected Returns
36 Months
Project Duration
$100K
Cost Per Share
Equity
Equity
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