1954 Fm 1044 , A & B

Description

The Walsh Building Company is currently developing plans for County Line Business Park in New Braunfels, TX. This 8.2-acre Commercial Office/ Warehouse Development is located approximately 1 minute east of Interstate 35 with frontage on FM 1044, a 2 lane Texas highway. We are currently offering 2) 11,880 square foot buildings, each containing 6) 1980 sq foot warehouse units with 6) 225 sq foot offices for direct purchase at below-market, pre-construction pricing. Four additional buildings of equal size and design are planned in Phases II. These properties will be regulated by a condominium regime which allows for the conveyance of the title of individual warehouse buildings and/or individual warehouse units. The condominium regime is structured to provide 100% ownership of space within the interior walls, floors, and ceilings of a specific warehouse or warehouse unit, and proportionately shared ownership of common elements such as land, building exteriors, fences, etc. Specific details are found in the Declarations documents. This Development is permitted for commercial storage and typical office activities; it is not zoned as an industrial park. Activities which vary from this usage must be approved by local building officials. Office Warehouse Details: Buildings will be constructed using metal structural components with 100% metal exteriors, including roofing, on concrete foundations. 1) 12X14 roll-up metal door is included with each 1980 sq foot unit, as well as 1) 3'0 metal entry door with a metal awning. Warehouse walls and roofing will be insulated with fiberglass insulation. Firewalls will be constructed between all interior units. Offices will be 225 sq feet in size and will include 1) handicapped compliant restroom. Office walls and ceilings will be insulated and will receive textured and painted sheetrock finish. Floors will receive vinyl plank flooring. Mini-split HVAC units will be used for Office climate control. Masonry security fencing, 8' in height, will surround the entire 8.2 acre Development. Security cameras and lighting for parking and common areas is also provided. Power and water will be supplied by New Braunfels Utilities; sewer will be provided by NBU or private (septic) system. Two dedicated parking spaces per unit (12 per building) and 9 shared spaces per building are provided. The Opportunity: The opportunity to purchase individual warehouses under a condominium regime is a unique concept; we know of no other developers offering this option in New Braunfels. We believe this opportunity, together with record low-interest rates, and the potential for increased property value appreciation, creates enhanced opportunities for both End Users and Investors alike. Long Term Investors, based upon the following Assumptions, could anticipate ongoing Returns as described in the Proforma section below.