Open For Funding!
3-5 Years
Estimated Hold Period
$23.2M
Equity Required
$50,000
Minimum Investment
*Estimated hold period is for individual property, not a fund that may hold the property.
RENO AVE.
Summary:
- Prime location with immediate access to I-40, a circumferential loop and modern interchange.
- Strong growth market with high barriers to entry – it is difficult to find land for this purpose.
- Market has low vacancy rates and has experienced substantial rent growth.
- Last mile delivery – Site is ideally situated for local delivery from a single location, which has become increasingly important, as seen by the popularity of subscriptions like Amazon Prime.
- Development will consist of two 228,800 SF class A industrial warehouses located in a growing industrial market with strong fundamentals.
- Both buildings will be developed concurrently, with marketing for leasing to begin as soon as ground is broken.
- We conservatively expect both buildings to be fully leased 12 months after delivery.
Development Information:
Property Type: Industrial
Property Class: Class A
Property Size (SqFt): 457,600
Market: Oklahoma City
Deal Highlights:
Construction Costs: $53,658,124
Projected Close Date: March 31, 2023
Projected Loan Amount: $31,500,000
Projected LTV: 60%
Disclaimer: The information contained herein is for informational purposes only and does not constitute an offer or sale or any form of general solicitation or general advertising of interests in any fund or investment vehicle. Any such offer will only be made in compliance with applicable state and federal securities laws pursuant to offering documents which will be provided to qualified prospective investors upon request. Prospective investors should review the offering documents carefully, which includes important disclosures and risk factors.
