INVESTMENT OPPORTUNITY--COMMERCIAL ACREAGE 80 ACRES

Status: Available
Plan Type: VACANT LAND
Seller/Builder: 29114
Prop. Type: New Sq. Feet: 0
Category: Commercial Building Stories: 0.0
Ex. Finish: Brick Suites: 0
Yr. BLT/REM: 2007 Parking: Parking Lot
Misc: The Village at Chelsea Square, located on Highway 90 approximately seven miles east of the heart of Crestview, boasts convenience to I-10, Duke Field, Hurlburt and Eglin Air Force Base. Zoned Commercial, these 80 acres would make a great location for a shopping mall, movie theater or grocery store. For the Buyer/Developer with vision, the possibilities are endless. Note- the list price is for the land with no improvements- infrastructure placement would be considered by the Seller at additional cost. The Village at Chelsea Square total project includes 800 home site slots (MLS#445834) and a 30-acre parcel has already been donated for a future school site. Future Land Use of the subject property has been designated Low Density Residential (LDR) and Urban Mixed Use (UMU) to support the development of a single family residential subdivision with a mixed use development (PUD). Documents completed and available for review include: USGS Maps, Soils Maps, Wetland Areas Maps, FNAI Report (Endangered Species), and Archaeology Report. All information provided believed to be true and accurate, Buyer should verify any information deemed necessary. Complete package information is available upon request.

Sale Price: $6,000,000 Interest Rate: 6.000%
Down Payment: $1,200,000 Total DW PMT & CC: $1,296,000
Term: 30 Year (360 Months)
Fin. Notes: This is to be determined by the use of the property. Projected income based on $8.sf- $18.sf per year of useable commercial space.
Mortgage Amount: $4,800,000

Sample Monthly Payments
Percentage down payment: 10% 5% 20%
Interest: $27,000.00 $28,500.00 $24,000.00
Property Taxes: $231.36 $231.36 $231.36
Assoc. Fee: $0.00 $0.00 $0.00
Management Fee: $292.50 $292.50 $292.50
Mortgage Insurance: $0.00 $0.00 $0.00
Homeowner Insurance: $0.00 $0.00 $0.00
Total Monthly: $27,523.86 $29,023.86 $24,523.86
These numbers are based on certain interest rates and tax rates that are
subject to change without notice. Use these numbers for rough comparisons only,
see your lender for the most accurate good faith estimates.

Projected Rental Income
Low: $2000.00 High: $4500.00

Cash Flow
At 10% Down Low: $-25,523.86 High: $-23,023.86
At 5% Down Low: $-27,023.86 High: $-24,523.86
At 20% Down Low: $-22,523.86 High: $-20,023.86

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