Alico Road LLC
7 Acre Site
12,000 sq.ft. Commercial Strip Plaza
72,000 sq.ft Self Storage Facility
$7,000,000
– 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
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.
