- Land Size: Approximately 23 acres
- Zoning: Mixed Use (Currently under agricultural exemption)
- Strategic Location: Hard Corner, situated off Highway FM 121 (proposed 6 lanes) and a major arterial road.
- Utilities: Zoning and utilities will be provided by the seller and included as part of the contract.
- Potential Uses: Ideal for various mixed-use developments, including restaurants, retail spaces, medical facilities, multi- family residences, and office spaces.
- No of Shares: 70
- Project Duration: 36 Months
- Total Capital Raising: $3.5M
- The property will be sold when the price doubles the purchase price, or after a minimum of three (3) years, whichever occurs first.
- There are various options for land development and exploration after acquiring the land.
- During the holding period of three years, the projected sale price per square foot is estimated between $7 to $10.
- The property will be owned by a single entity, with 70 shareholders holding ownership percentages based on their respective shares
- Property Entity Name : Tioga Gates Elite LP LLC
- Management Entity Name: Tioga Gates Elite 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.
$3.5M
Capital raising
70
No of shares
25% AAR
Expected Returns
36 Months
Project duration
$50k
Cost Per Share
Equity
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