Business For Sale Listing 139339
Commercial and Apartment Project
Status as of Aug-27-2008 at 06:01 PM: Off The Market
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Business Summary
The promoter is offering a 25% interest in a new joint venture that will cover the entire 256 Acres of land at Austin, Texas for a $16,727,000 cash equity contribution. The promoter has owned the land for approx. 4 years and is contributing the 256 acres of land at a minimum price of $6.00 sf with an 11% preferred return. The contribution price is $66,908,000. The joint venture is to form a new partnership on income, ownership and sale proceeds after payment of the contribution price and preferred return.
Commercial: 188.24 acres (hotel, conference, Proposed Hilton Hotel Golf resort etc. planned)
Apartment Land: 54.324 acres (1,700 homes planned)
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