I previously posted a summary of a proposed $5,206,500 subordinated ground
lease opportunity in Dana Point, California. We have entered into a
contract with the developer, and the developer has paid the seller an
additional $100,000 in non-refundable earnest money. In return, the
developer received a 2 week extension (until Friday, February 17) to close on
the purchase of the development site, with a $50,000 increase in purchase price.
If you would like to review the Executive Summary again,
please click here.
Please let me know if you have any interest in this project given that we a
have more reasonable period of time in which to close. We expect to move
forward promptly on this transaction, so I will need a response immediately if
you are interested.
Ron
_____________________________________________________
Ronald B. Zimmerman, President
NetLeaseX Realty Markets, Inc.
119 East Court Street
Cincinnati, Ohio 45202
Tel: (513) 861-1031 Fax: (513) 632-9577 Mobile: (513) 325-2909
