12% intrest in ormond beach land-oxnard
Date: 2009-08-15, 6:01PM PDT
Reply to: hous-m22yj-1325432369@craigslist.org
I AM A GNERAL PATRNER IN SILVERSTAR ENERTPRISES, OXNARD. I IS A GENERAL PATRNERSHIP OF MYSWLF 2 BROTHERS , 2 COUSINS AMD AND UNCLE..A GENERALPATNERSHIP. WE OWN 2 PIECS OF INCOME PRODUCING PROPERTIY, WHICH PU;]LLS IN AROUND 270-300K YEAR IN PROFIT AFTER EXPENSES. THE 70 ACRES IS ON ARNOLD AND HUENEME RD, WHICH IS 90% SURE TO GE UPZONED TO LIGHT INDUSTRIAL BY END OF YEAR (SOUTH ORMOND BEACH SPECIFIC PLAN) SOUTH OD HUENEME RD.WEST OF ARNOLD, WHICH CALLS FOR LIGHT INDUSTRIAL. TH INDUSRTIAL CENTER IS ON 1100 MOUNTAIN VIEW AVE IN OXNARD AND IS A MULTI TENANT INDUSTRIAL CENTER 80% OCCUPIED. I REALIZE ATFER APPRAISOLS ARE DONE THAT DISCOUNTS WOULD APPLY FOR MINROITY OWNERSHIP. THE 70 ACRES IS CURRENTLY ZONED AG AND IS UP FOR REZONING IF YOU CHECK THE OXNARD CITY PLANNING AGENDA FOR SOUTH OMOND BEACH SPECOFIC PLAN..ALL REZONING FEES HAVE BEEN PAID ETC.. JURGEN GRAMCOW, OF SOUTHLAND SOD (MARATHON LAND IANS ) IS REPESENTING OUR INTRESTS. I HAVE ACcESS TO ALL DOCUMENTS , PAPERWORK ETC.. AS A STOCKHOLDER...ORMAND BEACH IS GOING TO BE WORTH ALOT MOE IN THE FOLLOWING YEARS, BUT DUE TO FINANCIAL PROPLEMS I AM WILLING TO SELL, with discounts applied, NOW AND WILL consider A NOTE,,,,,CALL ME AT 805 452-2637 ..william
12% interest in a property that generates $270-$300k per year in profit is $32-$36k per year income. 5% cap rate yields $650-$700k for this share or a full value of $5.4-$6m. Look at this another way. 70 acres returning $4000/yr/ac. If only it were true.
10 comments:
Come on, Walrus.... you know you want to post about Casey's latest delusions.
Stop denying your dis-interest! :-)
I expect the 70 acres is generating ~$2,000 an acre per year and the industrial center is generating the rest.
Sounds tenuous. I would not want to rely on industrial rent with all of the open buildings in that area.
I wonder what they paid for the land since Jurgen Gramckow's competition, the Davis family, is unloading their nearby land in a panic for well below peak prices.
I suppose if I had any fears of the barriers to entry for aspiring entrepreneurs to be too high, this would have put them to rest.
Come on Walrus, become part of the family. http://island2012.com
Come live with us on the island...
"I love the Leader"
JIM THE BOSS FROM THE SHRAK TNAK IS GOANNA FRIER THEIR AESSAS
Looked at the "Latest Delusions" Vid.
Briefly. No sound card. No speakers. No Shit.
A three hour tour. A three hour tour.
LittleDog from Fresno is NOT ME!
*Sigh*, why did I click on that stupid link? That boy has had more attention than he ever deserved.
And I shouldn't be letting myself get worked up over it, but seriously, he is potentially moving deep into fraud territory. Yes, lying on mortgage applications (and timing them to avoid detection of simultaneous applications) is fraud, but soliciting money for a product he can never deliver is serious fraud, the kind of thing people go to jail for. I know he positioned it as "we", like it's some sort of club, but you have to know that there is commingling of assets, as we call it in the business, going on. Here's hoping this idea dies before he can get a single ill-gotten dollar in his pocket.
yeah its true, every word,,,,i know...i own it ass
Post a Comment