802 acres Near Los Angeles under $2.5mil for JV

802 acres of land near Los Angeles, CA priced well and ready for us to close on together. This will be joint venture acquisition.

The ability to participate in this joint venture and be a part owner of such a massive tract of land in Southern California that has a paved road for access, city utilities, 3+ million gallons of annual well water rights, open zoning with broad usage codes and close proximity to Los Angeles, the beaches and other forest and mountain attractions, is unheard of.

THE PLAN:

We need $1,500,000 from a joint venture partner in order to acquire the land and begin the planning and permitting process for the glamping resort. We will be raising the additional capital needed for the full development of the property in concert with the planning and permitting phase.

We are open to discuss equity options for joint venture partners who want to be involved with the long-term goals of the project or we can securitize the investment with promissory notes or other instruments with a set ROI and exit strategies. We are open to discussing options.

THE NUMBERS:

Current conservative projections support a Net Operating Income of $1.625 Million annually which translates to a $32.5 Million valuation at a 5% Capitalization Rate with only 24 glamping sites at a blended 61.67% occupancy rate (where industry standards in glamping exceed 80%) and a blended nightly rate of $273.33, which our internal team believes we can achieve rates of $450 or more.

This is a once in a lifetime opportunity in an immediate market of over 20,000,000 people in a 3 hour radius.

DUE DILLIGENCE:

Inquire for more information. We have full due diligence materials available.