We are looking for investors to fund a flex space project in Florida to meet demand. There is a lack of inventory for condo units in the flex space.
Our project will build 30 to 40 units. Today's market has a $285 sqft sale price.
Phase 1 will cost about $8m and once we have 75 units sold, we will then move on to phase 2. Phase 1 is estimated to be 15 to 20 units and Phase 2 another 15 to 20 units. Estimated total sqft is 72k.
The ROI is 45% with a 36 months hold and project completion.
More details opon request.
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