TITLE:
Mazatlan, MX on the Pacific Ocean
CONTROL:
Owner
VALUE:
$35,000,000
LOAN:
$0
EQUITY:
$35,000,000
TYPE:
Land
HAVE:
Devlm't Prop w/entlmt's & permits for 2100 homes & Condos. Shovel Ready for 95 Ocean Front lots (parceled out & approved w/sep APN's from master plan at $3MM). Project on 1.5 (m/l) miles of beach front. 3 Hotels,Marina,Golf Course,30 Ac com. 688 ac. total
ADDRESS:
1234 Matzatlan Ocean Front, Matzatlan/Las Cruz, Arizona
BENEFITS TO NEW OWNER:
Entitled w/permits potential $500+ B profit See Feasibility study by Concord Group w/offer.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$50,000
NOI:
$-50,000
DEBT SERVICE:
$0
CASH FLOW:
$-50,000
CAP RATE:
0.00%
BENEFITS SOUGHT:
Retirement & secure cash flow
CAN ADD:
Another resort property in MX & US, unimproved.
REMARKS:
Working with this client since 2006. Closed this project, helped with entitlements. Client is politically connected w/good working relationships in the area.
COUNSELOR:
Debbie Ferrari
KW Commercial Coastal Castles
635 Camino De Los Mares, 3rd Floor
San Clemente, California, 92673
