.jpg-2023-11-25-08-21-14-7679.jpg)
Over View
- Project Type: Retail
- Acquisition: Build
- Strategy : Lease
- Total Finish out Cost/Sqft 445/Sqft
- Proj Avg Rent/Sqft $40+NNN/Sqft
- Land Size 3 Acres
- Total Build Sqft 24,000 Sqft
Business Plan
- Ground Up Construction of 24,000 Sqft Retail Strip in Frisco next to Lexington community on Main St.
- Acquire land, Build, lease and sell for a premium market Cap Rate
5 Reasons we like this deal - Excellent Location – Most prestigious location next to Lexington
- Average Household income in 2 Mile radius is $284,000
- Strong Value add proposition and business plans
- Premium Retail Strip Construction – Neighborhood of Patel brothers and other Premium Drive through restaurants
- Most of the pre-sales for commercial in the neighbor hood is sold for $495-$520/Sqft for shell space. We are at very high advantage with our land acquisition and build cost.
Entity Structure
- Property will be on 1 single entity with all 35 share holders as owners with respective ownership percentages
- Entity Name : Anvaya Lexington Park LLC
- 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
$3.5M
Expected Returns
75-80%
Cost Per Share
$50k
Price
$22/Sqft
No of Shares
35
Project Duration
36-48 Months
Projected Timeline
12-01-2023
Option fee hard
12-11-2023
Individual LLC Creation / Amount ready
01-02-2024
Money Transfer deadline
01-04-2024
Operating agreement delivery
01-05-2024
Closing Date
-
12-01-2023
Option fee hard
-
12-11-2023
Individual LLC Creation / Amount ready
-
01-02-2024
Money Transfer deadline
-
01-04-2024
Operating agreement delivery
-
01-05-2024
Closing Date