Real Estate Investment Opportunity: Excellent Income Potential Ground Floor Opportunity to own all or part of a new well planned commercial center at a major intersection, in an upscale neighborhood in Grand Junction, Colorado. Development concept is similar to that of lifestyle centers. Grand Junction is experiencing and will continue to experience growth driven by energy development and retirement.
All sites in the development are served with utilities and have paved access to Highway 340 & Redlands Parkway. All that is required are final site plans and building permits.
Property would be held as Tenants in Common as commercial condominiums with ownership of individual condominium units possible. A condominium association has been formed within the development to facilitate ownership of units. All units can be managed together.
Buildings would be constructed in phases of approximately 10,000 sf. in accordance with an agreed upon development plan and would match anticipated lease-up rates. Site can accommodate approximately 85,000 sf of buildings.
Investment considered could be in form of:
Cash
1031 Exchange, or
Trade for related services
The developed lots are debt free and owners would invest all or part of the land.
Complete Construction Costs are estimated at $90/sf completed to tenant finish including parking, landscaping, fees (excluding land). Income is estimated at $13.00 - $14.00 per square foot / year plus NNN.
A proforma with detailed costs, potential return on investment and draft operating agreement are available for review and discussion upon request. Cash flow can be distributed to investors or reinvested into the next development phase at the option of the investor.
Various ways to cash out when you are ready possible. e.g.sale of units, 1031 exchange.
Some benefits of joint investment in the development include:
shared ownership in multiple units, (opportunity to own a share of the whole development)
flexibility in amount invested
lower management expenses
flexibility to respond to tenant's space needs
potentially higher return on investment
lower individual risk
single management goal over entire project
Property owners will consider any joint development proposals for all or part of the site. Current owners purchased the raw land, developed concept, obtained zoning and installed required infrastructure to all lots. Now seeking joint development capital or sale of project.
Meadowlark Development
Offering commercial real estate - retail and office space or building sites on Commercial Property for sale or lease in a high quality commercial development, in the Redlands area of GRAND JUNCTION, COLORADO.
