Over View
- Prime location on Eldorado Parkway in Little Elm, Texas, offering 8850 Sq.Ft ( 2 Buildings) for commercial spaces.
- Location: 307 E Eldorado Pkwy, Little Elm, Texas
- Coordinates: 33.163080, -96.934340
- Near by (within 0.5 Mile) : Tinman Social, Hula Hut, Beard park, The village at lakefront, The district in little elm by palladium , lake view court apartments, Robin’s Nest Montessori School, Little Elm community center, little elm, fire station 1, little elm library.
- Total Capital Raising: $1.2M
- Total Purchase Price: $2,400,000.00
- Project Duration: 3 years
- Expected Returns: 70-80%
- No.of Shares: 24
Business Plan
- Our business plan involves acquiring two Shell buildings, leasing them to potential tenants, manage it for 3 years, and then selling them after a three-year period based on the capitalization rate.
- We have signed a contract with Robert Lynn to streamline our marketing efforts and engage the top broker in the DFW area to expedite the leasing process for our 2 buildings with potential tenants.
Property Highlights
- Little Elm is located on the eastern shores of Lewisville Lake being approximately 30 miles north of downtown Dallas and is one of the fastest growing cities in the United States.
- Little Elm Commercials is located right in the Little Elm, TX on the Eldorado Parkway with good Neighborhood.
- Little Elm Commercials has 2 Buildings of Restaurant/ other commercial Space’s to Lease and sell after 3 Years based on the cap rate.
Entity Structure
- Property will be on 1 single entity with all 24 share holders as owners with respective ownership percentages
- Entity Name : Two bricks Partners 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
$1.2M
Expected Returns
70-80%
Cost Per Share
$50k
Price
$270/Sq.Ft
No of Shares
24
Project Duration
36 Months
Projected Timeline
08-10-2023
Option fee hard
09-01-2023
Individual LLC Creation / Amount ready
09-15-2023
Money Transfer deadline
09-25-2023
Operating agreement delivery
09-30-2023
Closing Date
-
08-10-2023
Option fee hard
-
09-01-2023
Individual LLC Creation / Amount ready
-
09-15-2023
Money Transfer deadline
-
09-25-2023
Operating agreement delivery
-
09-30-2023
Closing Date