Purchase a positive cash flowing, 100% leased up Class A office asset at a 6.9 CAP.
Acquistion includes an additional 3 acres that are FULLY ENTITLED for an additional 148,000 square feet of office OR it could be developed as multifamily.
Located just a few blocks from a BART Station, adjacent to a major regional haspital and shares a proking lot with a major area mall.
...
ENTITLEMENT STATUS: The Entire Property (+/- 170 acres) which includes the Subject Property site (+/- 17 acres) is entitled with full conceptual plans. A Development Agreement is in place with the city.
PERMIT & DEVELOPMENT STATUS:Grading permits have been issued for the Entire Property and includes the Subject Project. Mass grading for the Entire Project is in progress at this time.
The Subject Property is a small portion on the northeast corner of the Entire Development. The Subject Property is about 17 acres. It is designed and entitled as a multi-use property that includes:
...
Approved for 340 units, with an average 823 SF, and a total of 279,875 SF
Project Summary: At just under 7 acres, the property is fully entitled for 680 multifmily units.
Net square footage for the MF program is +/- 426,260 SF. Gross square footage is estmated at 627,991 SF.
This market location is probably better suited for a project of 150 to 300 units.
This is in the Tacoma market.
The M.C. MF & Industrial Park Project encompasses 430 Acres, located approximately 8 miles southwest of downtown Dallas.
This Exhibit is showing the MF South
MF Tract South #1 - Garden Style MF 352 Units
MF Tract South #2 - MF BTR (Build to Rent) Cluster 280 Units
The preliminary site is scheduled to feature 4 Industrial pads with over 2,337,000 SF of industrial, as well as two (2) multifamily pads (with 4 separate developments) totaling 1,118 dwelling units at the present time.
...