Francine Tracey


Francine Tracey

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in Calgary: Commercial for sale

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Prop. Type:

Seeking experienced developer partner to assist with equity financing for this Calgary treo of seasoned development professionals.  

Lot has been purchased and preliminary plans, proformas, and first mortgage construction financing are all in place. 

Investment property has been rezoned and the team is at development permit stage.  With your investment of $1.5 million this project should be shovel ready in 5-6 months.  

A full package of documentation is available prior to your introduction for this investment.  

This offering is by way of introduction only.  RE/MAX Commercial Advantage does not represent either party in the transaction and the investor must undertake its own due diligence. 

Investment Opportunity: Partnership with experienced Developer. This team has acheived over 8 projects to completion and sale in the Calgary area.
$15,000,000 Final Asset Value: This opportunity will lend itself to a partner that may wish to continue to own the property once completed for a 5% cap rate on total value of just under $15,000,000.
Property Type: This is a multi-family development. No commercial component. Zoning is complete.
Original Price:
Listing information last updated on October 23, 2018 at 06:36 PM (UTC)