Over View
- 5 acres of Commercial (Retail & Office) space next to our Lexington Phase-2 and near Lexington Country Main Gate in city of Frisco, Tx.
- Total Land Price:$3.8M
- Total Capital Raising – $4.5M
- No of Shares: 45
- Project Duration: 24 Months
- Expected Returns: 70-80%
Business Plan
- We plan to develop 5 acres of land for Restaurant, office and retail space on which we will build the shell.
- Marketing to identify potential & national brand tenants/Clients.
- Total Capital Raising – $4.5M
- No
of Shares: 45
- Cost
Per share: $100k
- Land
Size: 5.097 Acres
- Total
Land Price: $3.8M
- Price
Per Sq.Ft:
$17.20/Sq.Ft
- Acquisition
Fee: $50K
- Project
Duration: 24
Months
- Expected
Returns: 80%
- GP
Fees: 20% on Profit remaining 80% to LP’s
- Earnest Money : $100,000.
Entity Structure
- Property will be on 1 single entity with all 45 share holders as owners with respective ownership percentages
- Entity Name : Suniksha LexingtoN3 LP
- A Legal operating partnership agreement will be prepared by attorney on the ownership
- GP’s will be managing the property, communications, coordination work
Financial Highlights
Capital Raising
$4.5M
Expected Returns
70-80%
Cost Per Share
$100k
Price
$17.20/Sq.Ft
No of Shares
25
Project Duration
24 Months
Projected Timeline
07-10-2023
Option Hard Fee
08-01-2023
Individual LLC Creation /Amount Ready
08-15-2023
Money Transfer Deadline
08-25-2023
Operating Agreement Delivery
08-31-2023
Closing Date
-
07-10-2023
Option Hard Fee
-
08-01-2023
Individual LLC Creation /Amount Ready
-
08-15-2023
Money Transfer Deadline
-
08-25-2023
Operating Agreement Delivery
-
08-31-2023
Closing Date