Over View
- 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
Business Plan
- 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.
Entity Structure
- 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.
Financial Highlights
Capital Raising
$3.5M
Expected Returns
25% AAR
Cost Per Share
$50k
Equity
No of Shares
70
Project Duration
36 Months
Projected Timeline
11-15-2024
Option Hard Fee
12-02-2024
Individual LLC Creation / Amount ready
12-10-2024
Operating agreement delivery
02-03-2025
Money Transfer deadline
02-07-2025
Closing Date
-
11-15-2024
Option Hard Fee
-
12-02-2024
Individual LLC Creation / Amount ready
-
12-10-2024
Operating agreement delivery
-
02-03-2025
Money Transfer deadline
-
02-07-2025
Closing Date