12957 Centre Park Circle Manassas, Virg.
Truealty Bradley Square Daycare
The Project located at 10623 Dumfries Road in Manassas, Virg.,is a three-acre parcel of land that is being developed for an approx. 26,000 SF of retail and office building on two floors and a 10,400 SF of Daycare space. Truealty LLC affiliate entity Truealty Bradley square is the owner and the developer of the land. Currently all the development process is complete, and permits are being processed. All elevation plans are complete for the project. We also have a leased daycare for a Montessori which is expected to complete in 2024.
The general outline of the development opportunity is:
- Truealty Bradley square owns the land free and clear.
- The total construction cost is estimated to be around $8.8 million.
- The current timeline is to complete the daycare and have tenant occupied by 2024, Lease the retail/office building in the next 2 years. The Property is expected to completely leased in the next 3 years and fully stabilized.
- The Project, at full completion yield equity gain of 121% with an estimated gross cashflow of 17% per annum.
Key Highlights
CCR
46 % to 46 %
ARR
17 % to 18 %
Term
36 months
Class B
Offering size
$1.6M
Min. investment
$25,000
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