Opportunity:
Create value through entitlement process and participate in market upswing
Project Summary:
- Acquire 0.60 acre site
- Land and entitlement total net costs $6.5 million
- Upzone site density from 2x to 5x site coverage
- Design office building
- Secure development permit approval
- Sell site to syndicator /builder for $9.5 million
Results:
- $3 million profit over 30 months
- 46% profit margin
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