Apollo Beach Medical Complex Proposed Development Project 300-rm Independent Living Facility & Commercial Shopping Center

Transcription

1 CRES Co rp International, LLC Commercial Real Estate & Financial Services Apollo Beach Medical Complex Proposed Development Project 300-rm Independent Living Facility & Commercial Shopping Center Leisey Rd & 5608 Hwy 41 Apollo Beach, Fl Benny Spensieri; CEO CRES Corp International, LLC Green Technology Group, LLP Director of Business Development & Advancement CRES Corp International, LLC 1228 E 7 th Ave Tampa, fl

2 Statement of Confidentiality and Disclaimer CRES Corp International, LLC has agreed to represent Lee Te Kim, the Owner of the Property located at 105 & 239 Leisey Rd, Apollo Beach, Fl with the marketing and sale of said Property. No contact shall be made directly to the Owner, or any associates to Owner, by any prospective purchaser or agent of purchaser regarding said Property. This brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expression of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligation to entity reviewing the brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed purchase agreement on terms acceptable to the Owner, at Owners sole discretion. By submitting an offer a prospective purchaser will be deemed to have acknowledged the foregoing and agrees to release the Owner from any liability with respect hereto. The enclosed materials are being provided solely to facilitate the prospective purchaser s own due diligence for which the purchaser shall be fully and solely responsible. Neither CRES Corp International, LLC nor the Owner make any representation or warranty, expressed or implied, as to the accuracy or completeness from the information contained herein, and nothing contained herein shall be relied upon as a promise or representation as to the future performance of the Property. This brochure may include certain statements and estimates by CRES Corp International, LLC Agents/Associates with respect to the projected future performance of the Property. These assumptions may or may not be proven to be correct and there can be no assurance that such estimates will be achieved. Further, CRES Corp International, LLC disclaims any and all liability for representations or warranties, expressed or implied, contained in or omitted from this brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any finale, fully executed and delivered, Purchase Agreement between it and the Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to the Owner or CRES Corp International, LLC, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. Prospective Purchaser understands and agrees that all dealings concerning the above opportunity will be handled through CRES Corp International, LLC. Prospective Purchaser Date Print Name Address Phone # 2

3 Contents 1. Introduction Project Overview 2. Investor Offering/Summary Independent Living Facility 3. Investor Offering/Summary Commercial Shopping Center 4. Property Introduction 5. Aerials, Maps, Site Plan 6. Demographics 7. Apollo Beach Info 8. Apollo Beach Project Overview 9. Independent Living Facility - Construction Cost Budget 10. Green Technology Group, LLP 11. CRES Corp International, LLC Affiliated and Vendor Companies 12. Broker Bio 3

4 Introduction Project Overview CRES Corp International, LLC is introducing great opportunities in Apollo Beach. Through affordable construction and available financing we are introducing key property for our Clients to develop: Medical Complex 250-bed Assisted Living Facility 300-rm Independent Living 40-unit Medical Office 200-unit Apartment 1 Independent Hotels 1Waterfront Condo-Hotel Commercial Center introducing Specialty Anchors such as Trader Joes, Fresh Market and Whole Foods. CRES Corp International has property for sale located in prime areas of Apollo Beach. We are offering these Properties along with: Lucrative and Approved Development Projects Available Financing Reduced Construction Costs and Time Superior Construction Technology CRES Corp International intends to bring to Apollo Beach industries and businesses that will offer the community many services, create job opportunities and reignite the excitement in Apollo Beach that was there before the market crash. 4

5 Investor Offering/Summary - Independent Living Facility Location: 105 & 239 Leisey Rd, Apollo Beach, Fl Hillsborough County Project: Proposed Development 300-rm-Independent Living Facility situated on 24-acres. Project is divided into Phase I and II, with 12-acres dedicated to Phase II as a proposed option for a future date. Property Description: Vacant 72-acre site. Proposed Development of a 300-rm Independent Living Facility on dedicated 24-acres and a Commercial shopping Center on dedicated on 23-acres with Hwy 41 frontage. Remaining portion of property may include a Wholesale Store and Franchised Fitness Center. Parcel ID: U SF , U SF Zoning: PD Planned Development Total Acreage-24-acres Buildable Land Area-9.82-acres Parking/Site Variables-3.43-acres Max Perm Gross Building Area-427,115 sf Asking Price: $5,400,000 for each 12-acre parcel (12-acres@$450,000/acre). Seller will consider special pricing for an Investor interested in purchasing the whole acres. Seller may also consider Seller Financing, Land Leases, and Partnership structures. The following is based on 95% Occupancy in Year 7 of Ownership and after three years of business operation when the ALF would be considered to be fully seasoned. Projected Gross Income: $5,871,000 Projected Expenses: $3,088,582 Projected NOI: $2,782,418 Projected Debt Service: $1,682,316* Projected BTCF: $371,892 Projected Cap Rate: 6.52% Projected Cash Return: 10.37% Risk Factor: Low 5

6 *Financing Debt Service based on a $39,852,500 Balance carried over from construction loan balance at the completion of construction. Proposed Construction Loan Scenario I: As indicated in CCI Financial Projection Report $41,950,000 (Land Acquisition-Total Construction Costs) Low Floater Bonds 85% LTC = $35,657,500 Borrowed 2.25% Interest Rate, Down Payment = $6,292,000, Closing Costs/Points = $907,755 EB-5 Foreign Investor Fund Contribution = $4,000,000 at 0% Interest Rate 5-year Balloon. Total Investor Initial Investment = $3,199,755 Proposed Construction Loan Scenario II 100% Construction to Perm 8% Interest Only, Amortized over 30-yrs, 10-yr Balloon, No Prepayment Penalty, Non-Recourse. Total Investor Initial Investment = $5,553,000 Land Acquisition Cost & Closing Costs CRES Corp International can offer services to arrange financing for the Acquisition and Construction to Perm Loan EB-5 Foreign Investor Funds, Low Floating Bonds (2.25% Interest Rate), Letters of Credit, Bank Guarantee, Municipal-State-Federal Subsidies. Proposed Take-Out Permanent Loan Scenario As indicated in CCI Financial Projection Report $35,657,500 (Balance carried over from Construction 4.0% Interest Rate, Amortized over 30-yrs, 20-yr Balloon, Non Recourse, No Prepayment Penalty 6

7 Investor Offering/Summary 23-acre Commercial Shopping Center Location: 5608 N US Hwy 41, Apollo Beach, Fl Hillsborough County Project: Proposed Development 110-sf Comm Strip w/specialty Anchor (Trader Joe s, Sprouts, Fresh Market, Whole Foods), 2000-ft frontage (Thorton s, Franch Restaurants, etc) Property Description: Vacant acre site. Proposed Development of a Commercial Complex. Parcel ID: U SF Zoning: PD Planned Development 30,000 sf Specialty Grocery Store 75,000 sf Comm Strip Center Gas/Service Station/Automotive WaWa, Thorton s, 7-11, Christian Brothers 2000 ft Hwy Frontage - Out Parcel Burger King, Dunkin Donuts, Wendy s, Taco Bell, Bank Franchised Restaurants Carrraba s, Outback, Apple Bees, etc Asking Price: Frontage $5,850,000 $650,000/acre). Non-Frontage $6,592,500 $450,000/acre) Seller will consider special pricing for an Investor interested in purchasing the whole acres. Seller may also consider Seller Financing, Land Leases, and Partnership structures. 7

8 Property Introduction This property is located in Apollo Beach, Fl on Hwy 41 and offers: acres Total 64-acres Buildable 2000-ft Commercial Hwy Frontage Zoning permits a multitude of Commercial/Residential possibilities: Independent Living/Senior Housing Nursing Home Commercial Shopping Center Gas/Service Station Hospitality/Restaurant Fast Food Bank/Office 8

9 Located directly on the other side of Hwy 41 is the newly constructed Harbor Village Shopping Center consisting of Sweetbay Grocery Store as an anchor tenant, and a multitude of other shops and businesses. Two upscale home communities, Mira Bay and Harbor Isles, are within walking distance of the subject property. The Seller of the subject property also owns a 72-acre property located directly across Hwy 41 that is also available for sale. This property is zoned for commercial/residential offering the same opportunities the subject property does to include 2000 ft commercial Hwy 41 frontage. CRES Corp International is proposing the development of: Medical Commercial Complex 250-bed ALF 40-Unit Medical Office 190K sf Commercial/Office 2000-ft Hwy Frontage Service Station (Wa/Wa, Thorton s, 7-11, Christian Brothers), as well as an assortment of fast food franchises and services. Subject Property 58-acre site on other side of Hwy41 9

10 The subject property is situated in an area that has an abundance of residents living in prestigious communities, such as Symphony Isles, Andalucia, Bal Harbor, Bimini Bay, Mira Bay and Harbor Isles but offers limited commerce and industry. The introduction of a Medical-Complex, Assisted Living Facility, Independent Living and other businesses will provide for those residing in Apollo Beach and Ruskin services that are not currently available. These businesses will also create job opportunities in the area, and reignite the significant attraction Apollo Beach had before the market crash. 10

11 Aerials, Maps, Site Plan acres Proposed Development Project includes 300-Rm Independent Living Facility, 110Ksf Shopping Center, 2000-ft Comm Frontage for Service Station, Walgreens/CVS, franchised fast food restaurants. 11

12 Area Demographics 10 mile Radius Demographic Overview For A 10 Mile Radius from Subject Property* Persons 170,836 Families 45,284 Households 63,978 Persons Per Household 2.6 Percent Children % Source: 2010 Census / US Census Bureau House Median Year Built 1989 Per Capita Income $27,362 Average Home Value $174,485 Average Household Income $54,267 Average Rent $1,093 12

13 Source: 2011 American Community Survey, 5 year estimates / US Census Bureau *Includes all data from census blocks completely or partially located inside the noted radius. 13

14 Apollo Beach Information Located NW of Brandon/Riverview, Apollo Beach is an unincorporated city that is home to those who love the waterfront lifestyle. Due to its proximity to the Bay, Apollo Beach was once the hot spot for many seeking to move to the area, Build waterfront homes and mansions in communities such as Symphony Isles, Andalucia, Mira Bay, Harbor Isles and Bimini Bay. Due to the market crash, construction, development and further improvement to the area ceased. The lack of available funds made it impossible for any further residential development and commercial development never had a chance to begin. Currently residents have to travel outside of Apollo Beach to reach any commerce, medical or industry where there is none available. Within the last few years Riverview has added shopping centers that include Sam s Club, Publix and an assortment of shopping and restaurants. St Joseph s Hospital is completing a 90-Bed Hospital on Big Bend Rd and just 3 miles from Apollo Beach and subject property. 14

15 Apollo Beach Project Overview - How CRES Corp International is working to bring commerce and the Medical Industry into Apollo Beach CRES Corp International is working to bring both commercial and residential development and business opportunity into Apollo Beach. We are doing this by offering our Investors and Developers the necessary tools they need to complete their projects: Available and Affordable Financing Financing Assistance Programs EB-5 Foreign Investment Funds, Low Floating Bonds, Letters of Credit/Bank Guarantees, available Municipal, State and Federal Subsidies Superior and Green Construction Technology Pre-leasing opportunity CRES Corp International, LLC has contracted with our Client who is selling large parcels of land located in strategic areas of Apollo Beach and Ruskin: 5697 N US Hwy acres with 2000-ft Hwy 41 Frontage 5608 N US Hwy 41, 105 &239 Leisey Rd 72-acres with 2000-ft Hwy 41 Frontage 1112 Apollo Beach Bv 1.9-acre waterfront parcel w/32-slips, PDP 80-rm Condo Hotel 210 Teco Rd, Ruskin 22-acre site located adjacent proposed Amazon. com Warehouse site For further information on available property for sale contact Benny Spensieri or benny@crescorpllc.com CRES Corp International also offers Investor Syndication for those interested in becoming part owners of some of our commercial projects. The CRES Corp International Syndication program provides an opportunity for those who are not experienced or full time Investors to take a part in real estate and investment opportunities. Our Investor Syndicate Clients receive training in Real Estate Investment Strategies and become financially pre-approved for a loan, at which time they are introduced to a multitude of investment opportunity. For further information on CCI Investor Syndication contact Benny Spensieri or benny@crescorpllc.com 15

16 Independent Living Facility Development Project Construction Cost Budget The Proposed Development Project includes a 1-story, 150K-sf, 150-rm Independent Living Facility. This Project is accompanied with 12-acres of land to accommodate the Building and accompanying construction, parking area and and additional 12-acres for expansion, if necessary. The Construction Cost Budget includes Green Technology Group, LLP Precast Monolithic Concrete structures incorporated into the construction and producing an overall construction cost savings of 20% and 50% reduced construction time. (see GTG information provided in this CCI Investor Report) Financial Projections for the Independent Living Facility are included in the CCI Financial Projection Report, available upon request. Apollo Beach Ind Lvg Fac 22-Aug-13 PHASE I % PHASE ONE HARD COSTS 115,000 sq/ft Rooms - GTG -$97/sf $ 11,155,000 0% 25,000 sq/ft Lobby-Office-Recreation-$129/sf $ 3,225,000 0% 10,000 sq/ft Cafeteria $ 1,300,000 0% Pool-Lanai $ 150,000 0% Site Work $ 3,029,000 0% Parking (Surface) $ - 0% Parking (Stuctures) $ - 0% Elevator $ - 0% TOTAL $ 18,859,000 0% ESCALATION CONTINGENCY $ 377,180 2% HARD COST CONTINGENCY $ 942,950 5% 16

17 TOTAL HARD - PHASE ONE $ 20,179,130 0% PHASE ONE SOFT COSTS Real Estate Taxes $ 12,558 0% Bonds $ 188,590 1% Permits & Licenses & Fees $ 188,590 1% Arch, MESP, Struct, other consult $ 3,771,800 20% Development 10% $ 1,885,900 10% Construction Mgmt. Fee@10% $ 1,885,900 10% Accounting/Legal $ 377,180 2% Zoning & Condo Docs $ 377,180 2% Finance & Closing Costs $ 754,360 4% Pre-opening Expense $ 150,000 0% Insurance $ 565,770 3% FFE/OSE $ 188,590 1% Lease Commissions $ - 0% TOTAL SOFT - PHASE ONE $ 10,346,418 0% TOTAL HARD & SOFT - PHASE ONE $ 30,525,548 0% Soft Cost Contingency $ 1,526,277 5% 17

18 Proposed Development Project Costs Total Construction Costs = $32,051,825 (inc. Holding, Escalations and Contingencies) Construction Loan Interest Carry = $4,462,000 Land Acquisition Costs = $5,400,000 Total Project Costs = $41,913,825 18

19 Green Technology Group, LLP Green Technology Group, LLP ( GTG ) offers to the construction industry the technology to develop concrete structures designed through the use of a Precast Monolithic Concrete Structure ( PCMS ) a hydraulic system that compresses concrete forming seamless structures superior in quality and strength compared to current conventional methods. Key features and benefits GTG and the PCMS technology include: Strength and Quality Dimensional Precision Roof and 4-Walls as one piece NO Seams 100-yr life expectancy (20-yr Warranty) Maintenance Free Leak Proof No Seams or Joints Fireproof Conduit Embedded within Pre-Cast Structure Hurricane Proof (400-MPH sustained winds) Insect/Pest Proof Earthquake Proof (withstands 9.2 magnitude earthquake) Lower Maintenance, heating and A/C costs Capable of LEED Platinum Green Status (contributes up to 40% points required) Pre-Katrina Rates offered from Insurance Companies (3-5 times less) 19

20 Developer Benefits 15%-50% Lower Overall Construction Costs Up to 20% Lower Direct Costs than Conventional Methods Unskilled Labor Employed 5%-15% Finishing Labor Reduction 10%-30% Lower Heating and A/C Costs 30%-50% Reduction of Construction Time On-site/Off-Site Construction - 85% Off-Site Completion Positioning/Stacking up to 200+ Floors/Stories Consumer Benefits Lower Purchase Price Instant Property Equity Area CMA has other homes selling at a higher pricing 10%-30% Lower Heating and A/C Costs 100-yr life expectancy (20-yr Warranty) Lower Maintenance, heating and A/C costs Leak Proof Fire Proof Hurricane Proof (400-MPH sustained winds) Earthquake Proof (withstands 9.2 magnitude earthquake) Pre-Katrina Rates offered from Insurance Companies (3-5 times less) The potential Purchaser will be attracted to the fact they will be able to purchase a home for less than those being sold in the immediate area. They will also appreciate the significant annual savings in maintenance and utility costs as well as the deep discount on the Insurance premium. The features and benefits of GTG technology, along with the unique Home Health Care component, will offer Coldwell Banker a means of producing an original, exciting and extremely strong advertising and marketing campaign, in which Wells Fargo would be included. Green Technology Group, LLP is being requested to bring our technology to Louisiana, Haiti and Texas to provide temporary and permanent medical facilities and homes. GTG is beginning work to supply medical accommodations to other rural and catastrophic areas as well. For information on how Green Technology Group can assist you with your Development Project Contact Benny Spensieri (Eastern Division) Lyle Carpenter (Midwestern Division) Contact Joe Scallan, CEO, to discuss all GTG Services

21 CRES Corp International, LLC Affiliated and Vendor Companies Legal, Title and Closing Services Emeritus Law Firm Orlando, Fl I EB-5 Foreign Investor, Immigration, Title/Closing Services Christmas, Spano &Owen Tampa, Fl, Title/Closing Services, Legal Services Maney/Gordon Tampa, Fl EB-5 Foreign Investor/Immigration Services Vu Legal Pinellas County Title/Closing Services, Real Estate/Business Law Development and Construction Services Green Technology Group, LLP International - Precast Monolithic Concrete Structures Genesis Group Tampa, Fl Engineering, Project Planning, Construction Management Advantix HVAC International - Liquid Desiccant AC systems 50% reduced tonnage Harper Limbach International - Mechanical Contracting Services Solar Tech Tampa, Fl - Solar Paneling Systems Alternative Energy Solutions Tampa, Fl - Energy Efficiency Systems BioNOva Natural Pool Systems Medical Staffing Professional Therapy & Rehab Services Orlando - Medical Staffing Services 21

22 Summary CRES Corp International is excited to introduce our Apollo Beach Property and Projects to the public and to assist our Developers completing these exciting projects. These Projects bring to the area commercial opportunity, the creation of jobs and growth. Our Apollo Beach Projects offer many opportunities to our Clients and the public Building Projects for our Developers Investment opportunities for our Investors Business Opportunities for those who wish to purchase and lease our Property CRES Corp International is working with our Clients who are seeking to maximize their development projects through superior technology and affordable financing and innovative business strategies. Seller will sell this property in its entirety or as subdivided lots. Seller may also be interested in Seller Financing, Land Leasing, Lease-Purchase Options and Partnership. If you interested in becoming a part of this Project as a Developer, Investor or a Business seeking to lease space, contact Benny Spensieri or benny@crescorpllc.com 22

23 CRES Corp International, LLC CRES Corp International, LLC (CCI) is a Commercial Finance and Consulting Company. CCI provides for their Clients the means to obtain funding for their various Real Estate and Business projects to include: Commercial Development Projects Large Residential Development Projects Commercial Acquisitions Investor Syndication Refinance & Cash-Out Business Start-ups and Expansions Through their strong Network of Lenders and Investors, CCI introduces their Clients to business relationships that get their Projects launched and helps their businesses to expand. CCI works with their Clients to obtain: Funding Equity Partnerships/Joint Ventures CCI also introduces their Clients to Investment opportunities that include the acquisition or investment in: Hotels Apartments Multi-Family Medical Facilities ALF Strip Centers/Malls Office Buildings/Complex Business Opportunities CCI also assist their Clients in Investments in Construction and Development Projects. For further information regarding CRES Corp International, LLC, contact Benny Spensieri or benny@crescorpllc.com 23

24 Benny Spensieri Background Mr. Spensieri has 13 years experience in commercial and residential real estate, business development and finance. Specialized real estate areas include: Commercial-Industrial operations and budgets Business Planning and Budgeting Financial Assistance Financial Instrument utilization in project financing Construction and Development planning and budgeting Sales and Leasing 1031-Exchange Assistance Residential Luxury Home Marketing and Sales Mr. Spensieri is a Florida Real Estate Broker and owner of CRES Corp International, LLC, a Commercial Real Estate and Financial Services company offering consulting and financing services for Development Projects and Acquisitions. Mr. Spensieri also serves as Director of Business Development for Green Technology Group, LLP ( GTG ), a Company that supplies precast concrete structures, for residential and commercial building projects, providing a structure that superior in strength and quality while offering a significant savings in construction costs. Mr. Spensieri is also the Director of Business Development with Medical Staffing Worldwide, LLC, a medical staffing company. CRES Corp International and its affiliate companies are currently working with Florida Developers to revise distressed residential and commercial development projects by providing an affordable means to complete the Projects. These Projects include the construction Hospitals, ALF, Hotels, Apartments, Retail Centers, Storage Rental Units and large Residential Community Projects. Mr. Spensieri served four years in the U.S. Marine Corp as a Military Police Officer and upon receiving an Honorable Discharge in 1989, began service as a police officer for the City of Havelock, NC for the next nine years. Mr. Spensieri moved to Tampa, Fl in 1999 to begin his career in Real Estate. Education Mr. Spensieri earned a Bachelor of Science Degree from St John s University majoring in Criminal Law. Mr. Spensieri also was accepted into the USF Physical Therapy Masters Degree program and completed 1 year of the 2-year program, deciding to focus on his 24