Client

Development General Contractor Project

Commercial/Industrial Development – Commercial Strip Plaza and Self Storage Facility (2002 – 2003 )
Fort Myers, Florida
Owner:

Alico Road LLC

Project:

7 Acre Site

12,000 sq.ft. Commercial Strip Plaza

72,000 sq.ft Self Storage Facility

Project Cost:

$7,000,000

Duties:

– land acquisition

– rezoned and entitled land

– design consulting

– secured project financing

– acted as general contractor for the project

– managed facility leasing and startup

– managing partner of facility and operations

 

Outcome:

Purchased property within five miles of the international airport, and the state university, a superior location for the self-storage facility. Successfully completed the project on time and within budget. Leased up the fronting commercial strip plaza within 3 months and had a 70% self-storage occupancy rate within 12 months of project completion. Refinanced the facility in 2006 with non-recourse financing which returned the partners initial capital investment.

Contact Info

Office Address:
2001 Timberloch Place Suite 500
The Woodlands, Texas 77380
Phone :
713-489-2262
Email :
mv@townassoc.com