apollo beach medical complex proposed development project ... · apollo beach medical complex...
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_______________International, LLC________________
Commercial Real Estate & Financial Services
Apollo Beach Medical Complex
Proposed Development Project
300-rm Independent Living Facility &
Commercial Shopping Center
105-239 Leisey Rd & 5608 Hwy 41 Apollo Beach, Fl 33572
Benny Spensieri; CEO
CRES Corp International, LLC
Green Technology Group, LLP
Director of Business Development & Advancement
CRES Corp International, LLC
1228 E 7th Ave
Tampa, fl 33605
813-391-1545
CRES Corp
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Statement of Confidentiality and Disclaimer
CRES Corp International, LLC has agreed to represent Lee Te Kim, the Owner of the Property located at
105 & 239 Leisey Rd, Apollo Beach, Fl 33572 with the marketing and sale of said Property. No contact
shall be made directly to the Owner, or any associates to Owner, by any prospective purchaser or agent
of purchaser regarding said Property.
This brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner
expressly reserves the right, at its sole discretion, to reject any or all expression of interest to purchase
the Property and expressly reserves the right, at its sole discretion, to terminate discussions with any
entity at any time with or without notice. The Owner shall have no legal commitment or obligation to
entity reviewing the brochure or making an offer to purchase the Property unless and until the Owner
executes and delivers a signed purchase agreement on terms acceptable to the Owner, at Owners sole
discretion. By submitting an offer a prospective purchaser will be deemed to have acknowledged the
foregoing and agrees to release the Owner from any liability with respect hereto.
The enclosed materials are being provided solely to facilitate the prospective purchaser’s own due
diligence for which the purchaser shall be fully and solely responsible.
Neither CRES Corp International, LLC nor the Owner make any representation or warranty, expressed or
implied, as to the accuracy or completeness from the information contained herein, and nothing
contained herein shall be relied upon as a promise or representation as to the future performance of the
Property. This brochure may include certain statements and estimates by CRES Corp International, LLC
Agents/Associates with respect to the projected future performance of the Property. These assumptions
may or may not be proven to be correct and there can be no assurance that such estimates will be
achieved. Further, CRES Corp International, LLC disclaims any and all liability for representations or
warranties, expressed or implied, contained in or omitted from this brochure, or any other written or
oral communication transmitted or made available to the recipient. The recipient shall be entitled to
rely solely on those representations and warranties that may be made to it in any finale, fully executed
and delivered, Purchase Agreement between it and the Owner.
The information contained herein is subject to change without notice and the recipient of these
materials shall not look to the Owner or CRES Corp International, LLC, nor any of their officers,
employees, representatives, independent contractors or affiliates, for the accuracy or completeness
thereof. Recipients of this brochure are advised and encouraged to conduct their own comprehensive
review and analysis of the Property.
Prospective Purchaser understands and agrees that all dealings concerning the above opportunity will
be handled through CRES Corp International, LLC.
Prospective Purchaser ____________________________________Date____________________
Print Name________________________________
Address__________________________________________________Phone #______________________
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Contents
1. Introduction – Project Overview
2. Investor Offering/Summary – Independent Living Facility
3. Investor Offering/Summary – Commercial Shopping Center
4. Property Introduction
5. Aerials, Maps, Site Plan
6. Demographics
7. Apollo Beach Info
8. Apollo Beach Project Overview
9. Independent Living Facility - Construction Cost Budget
10. Green Technology Group, LLP
11. CRES Corp International, LLC Affiliated and Vendor Companies
12. Broker Bio
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Introduction – Project Overview
CRES Corp International, LLC is introducing great opportunities in Apollo Beach. Through affordable
construction and available financing we are introducing key property for our Clients to develop:
Medical Complex
250-bed Assisted Living Facility
300-rm Independent Living
40-unit Medical Office
200-unit – Apartment
1 Independent Hotels
1Waterfront Condo-Hotel
Commercial Center introducing Specialty Anchors such as Trader Joes, Fresh Market and Whole
Foods.
CRES Corp International has property for sale located in prime areas of Apollo Beach. We are offering
these Properties along with:
Lucrative and Approved Development Projects
Available Financing
Reduced Construction Costs and Time
Superior Construction Technology
CRES Corp International intends to bring to Apollo Beach industries and businesses that will offer the
community many services, create job opportunities and reignite the excitement in Apollo Beach that was
there before the market crash.
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Investor Offering/Summary - Independent Living Facility
Location: 105 & 239 Leisey Rd, Apollo Beach, Fl 33572– Hillsborough County
Project: Proposed Development – 300-rm-Independent Living Facility situated on 24-acres. Project is
divided into Phase I and II, with 12-acres dedicated to Phase II as a proposed option for a future date.
Property Description: Vacant 72-acre site. Proposed Development of a 300-rm Independent Living
Facility on dedicated 24-acres and a Commercial shopping Center on dedicated on 23-acres with
Hwy 41 frontage. Remaining portion of property may include a Wholesale Store and Franchised
Fitness Center.
Parcel ID: U-28-31-19-1SF-000000-68200.1, U-28-31-19-1SF-000000-68000.0
Zoning: PD Planned Development
Total Acreage-24-acres
Buildable Land Area-9.82-acres
Parking/Site Variables-3.43-acres
Max Perm Gross Building Area-427,115 sf
Asking Price: $5,400,000 for each 12-acre parcel (12-acres@$450,000/acre). Seller will consider special
pricing for an Investor interested in purchasing the whole 73.63-acres. Seller may also consider Seller
Financing, Land Leases, and Partnership structures.
The following is based on 95% Occupancy in Year 7 of Ownership and after three years of
business operation when the ALF would be considered to be fully seasoned.
Projected Gross Income: $5,871,000
Projected Expenses: $3,088,582
Projected NOI: $2,782,418
Projected Debt Service: $1,682,316*
Projected BTCF: $371,892
Projected Cap Rate: 6.52%
Projected Cash Return: 10.37%
Risk Factor: Low
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*Financing
Debt Service based on a $39,852,500 Balance carried over from construction loan balance at the
completion of construction.
Proposed Construction Loan Scenario I: As indicated in CCI Financial Projection Report
$41,950,000 (Land Acquisition-Total Construction Costs) Low Floater Bonds 85% LTC = $35,657,500
Borrowed Amount @ 2.25% Interest Rate, Down Payment = $6,292,000, Closing Costs/Points =
$907,755
EB-5 Foreign Investor Fund Contribution = $4,000,000 at 0% Interest Rate 5-year Balloon.
Total Investor Initial Investment = $3,199,755
Proposed Construction Loan Scenario II – 100% Construction to Perm Financing @ 8% Interest Only,
Amortized over 30-yrs, 10-yr Balloon, No Prepayment Penalty, Non-Recourse.
Total Investor Initial Investment = $5,553,000 Land Acquisition Cost & Closing Costs
CRES Corp International can offer services to arrange financing for the Acquisition and Construction
to Perm Loan – EB-5 Foreign Investor Funds, Low Floating Bonds (2.25% Interest Rate), Letters of
Credit, Bank Guarantee, Municipal-State-Federal Subsidies.
Proposed Take-Out Permanent Loan Scenario – As indicated in CCI Financial Projection Report
$35,657,500 (Balance carried over from Construction Loan @ 4.0% Interest Rate, Amortized over 30-yrs,
20-yr Balloon, Non Recourse, No Prepayment Penalty
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Investor Offering/Summary – 23-acre Commercial Shopping Center
Location: 5608 N US Hwy 41, Apollo Beach, Fl 33572– Hillsborough County
Project: Proposed Development – 110-sf Comm Strip w/Specialty Anchor (Trader Joe’s, Sprouts, Fresh
Market, Whole Foods), 2000-ft frontage (Thorton’s, Franch Restaurants, etc)
Property Description: Vacant 23.62 acre site. Proposed Development of a Commercial Complex.
Parcel ID: U-28-31-19-1SF-000000-67900.0
Zoning: PD Planned Development
30,000 sf Specialty Grocery Store
75,000 sf Comm Strip Center
Gas/Service Station/Automotive – WaWa, Thorton’s, 7-11, Christian Brothers
2000 ft Hwy Frontage - Out Parcel – Burger King, Dunkin Donuts, Wendy’s, Taco Bell, Bank
Franchised Restaurants – Carrraba’s, Outback, Apple Bees, etc
Asking Price: Frontage $5,850,000 (9-acres @ $650,000/acre). Non-Frontage $6,592,500 (14.63-acres
@ $450,000/acre) Seller will consider special pricing for an Investor interested in purchasing the whole
72.63-acres. Seller may also consider Seller Financing, Land Leases, and Partnership structures.
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Property Introduction
This property is located in Apollo Beach, Fl on Hwy 41 and offers:
72.63-acres Total
64-acres Buildable
2000-ft Commercial Hwy Frontage
Zoning permits a multitude of Commercial/Residential possibilities:
Independent Living/Senior Housing
Nursing Home
Commercial Shopping Center
Gas/Service Station
Hospitality/Restaurant
Fast Food
Bank/Office
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Located directly on the other side of Hwy 41 is the newly constructed Harbor Village Shopping Center
consisting of Sweetbay Grocery Store as an anchor tenant, and a multitude of other shops and businesses.
Two upscale home communities, Mira Bay and Harbor Isles, are within walking distance of the subject
property.
The Seller of the subject property also owns a 72-acre property located directly across Hwy 41 that is
also available for sale. This property is zoned for commercial/residential offering the same opportunities
the subject property does to include 2000 ft commercial Hwy 41 frontage. CRES Corp International is
proposing the development of:
Medical Commercial Complex
250-bed ALF
40-Unit Medical Office
190K sf – Commercial/Office
2000-ft Hwy Frontage – Service Station (Wa/Wa, Thorton’s, 7-11, Christian Brothers), as well as
an assortment of fast food franchises and services.
Subject Property 58-acre site on other side of Hwy41
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The subject property is situated in an area that has an abundance of residents living in prestigious
communities, such as Symphony Isles, Andalucia, Bal Harbor, Bimini Bay, Mira Bay and Harbor Isles
but offers limited commerce and industry. The introduction of a Medical-Complex, Assisted Living
Facility, Independent Living and other businesses will provide for those residing in Apollo Beach and
Ruskin services that are not currently available.
These businesses will also create job opportunities in the area, and reignite the significant attraction
Apollo Beach had before the market crash.
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Aerials, Maps, Site Plan
72.63-acres – Proposed Development Project – includes 300-Rm Independent Living Facility, 110K-
sf Shopping Center, 2000-ft Comm Frontage for Service Station, Walgreens/CVS, franchised fast
food restaurants.
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Area Demographics – 10 mile Radius
Demographic Overview For A 10 Mile Radius from Subject Property*
Persons 170,836 Families 45,284
Households 63,978 Persons Per Household 2.6
Percent Children 25.23 %
Source: 2010 Census / US Census Bureau
House Median Year Built 1989 Per Capita Income $27,362
Average Home Value $174,485 Average Household Income $54,267
Average Rent $1,093
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Source: 2011 American Community Survey, 5 year estimates / US Census Bureau
*Includes all data from census blocks completely or partially located inside the noted radius.
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Apollo Beach Information
Located NW of Brandon/Riverview, Apollo Beach is an unincorporated city that is home to those who
love the waterfront lifestyle. Due to its proximity to the Bay, Apollo Beach was once the hot spot for
many seeking to move to the area, Build waterfront homes and mansions in communities such as
Symphony Isles, Andalucia, Mira Bay, Harbor Isles and Bimini Bay.
Due to the market crash, construction, development and further improvement to the area ceased. The lack
of available funds made it impossible for any further residential development and commercial
development never had a chance to begin.
Currently residents have to travel outside of Apollo Beach to reach any commerce, medical or industry
where there is none available. Within the last few years Riverview has added shopping centers that
include Sam’s Club, Publix and an assortment of shopping and restaurants.
St Joseph’s Hospital is completing a 90-Bed Hospital on Big Bend Rd and just 3 miles from Apollo
Beach and subject property.
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Apollo Beach Project Overview - How CRES Corp International is working to bring commerce and
the Medical Industry into Apollo Beach
CRES Corp International is working to bring both commercial and residential development and business
opportunity into Apollo Beach. We are doing this by offering our Investors and Developers the necessary
tools they need to complete their projects:
Available and Affordable Financing
Financing Assistance Programs – EB-5 Foreign Investment Funds, Low Floating Bonds, Letters
of Credit/Bank Guarantees, available Municipal, State and Federal Subsidies
Superior and “Green” Construction Technology
Pre-leasing opportunity
CRES Corp International, LLC has contracted with our Client who is selling large parcels of land located
in strategic areas of Apollo Beach and Ruskin:
5697 N US Hwy 41 – 58.08-acres with 2000-ft Hwy 41 Frontage
5608 N US Hwy 41, 105 &239 Leisey Rd – 72-acres with 2000-ft Hwy 41 Frontage
1112 Apollo Beach Bv – 1.9-acre waterfront parcel w/32-slips, PDP – 80-rm Condo Hotel
210 Teco Rd, Ruskin – 22-acre site located adjacent proposed Amazon. com Warehouse site
For further information on available property for sale contact Benny Spensieri – 813-391-1545 or
CRES Corp International also offers Investor Syndication for those interested in becoming part owners of
some of our commercial projects. The CRES Corp International Syndication program provides an
opportunity for those who are not experienced or full time Investors to take a part in real estate and
investment opportunities. Our Investor Syndicate Clients receive training in Real Estate Investment
Strategies and become financially pre-approved for a loan, at which time they are introduced to a
multitude of investment opportunity.
For further information on CCI Investor Syndication contact Benny Spensieri – 813-391-1545 or
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Independent Living Facility Development Project – Construction Cost Budget
The Proposed Development Project includes a 1-story, 150K-sf, 150-rm Independent Living Facility.
This Project is accompanied with 12-acres of land to accommodate the Building and accompanying
construction, parking area and and additional 12-acres for expansion, if necessary.
The Construction Cost Budget includes Green Technology Group, LLP Precast Monolithic Concrete
structures incorporated into the construction and producing an overall construction cost savings of 20%
and 50% reduced construction time. (see GTG information provided in this CCI Investor Report)
Financial Projections for the Independent Living Facility are included in the CCI Financial Projection
Report, available upon request.
Apollo Beach Ind Lvg Fac
22-Aug-13
%
PHASE I
PHASE ONE HARD COSTS
115,000 sq/ft Rooms - GTG -$97/sf $ 11,155,000 0%
25,000 sq/ft Lobby-Office-Recreation-$129/sf $ 3,225,000 0%
10,000 sq/ft Cafeteria $ 1,300,000 0%
Pool-Lanai $ 150,000 0%
Site Work $ 3,029,000 0%
Parking (Surface) $ - 0%
Parking (Stuctures) $ - 0%
Elevator $ - 0%
TOTAL $ 18,859,000 0%
ESCALATION CONTINGENCY $ 377,180 2%
HARD COST CONTINGENCY $ 942,950 5%
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TOTAL HARD - PHASE ONE $ 20,179,130 0%
PHASE ONE SOFT COSTS
Real Estate Taxes $ 12,558 0%
Bonds $ 188,590 1%
Permits & Licenses & Fees $ 188,590 1%
Arch, MESP, Struct, other consult $ 3,771,800 20%
Development Costs @ 10% $ 1,885,900 10%
Construction Mgmt. Fee@10% $ 1,885,900 10%
Accounting/Legal $ 377,180 2%
Zoning & Condo Docs $ 377,180 2%
Finance & Closing Costs $ 754,360 4%
Pre-opening Expense $ 150,000 0%
Insurance $ 565,770 3%
FFE/OSE $ 188,590 1%
Lease Commissions $ - 0%
TOTAL SOFT - PHASE ONE $ 10,346,418 0%
TOTAL HARD & SOFT - PHASE ONE $ 30,525,548 0%
Soft Cost Contingency $ 1,526,277 5%
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Proposed Development Project Costs
Total Construction Costs = $32,051,825 (inc. Holding, Escalations and Contingencies)
Construction Loan Interest Carry = $4,462,000
Land Acquisition Costs = $5,400,000
Total Project Costs = $41,913,825
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Green Technology Group, LLP
Green Technology Group, LLP (“GTG”) offers to the construction industry the technology to develop
concrete structures designed through the use of a Precast Monolithic Concrete Structure (“PCMS”) – a
hydraulic system that compresses concrete forming seamless structures superior in quality and strength
compared to current conventional methods.
Key features and benefits GTG and the PCMS technology include:
Strength and Quality
Dimensional Precision
Roof and 4-Walls as one piece – NO Seams
100-yr life expectancy (20-yr Warranty)
Maintenance Free
Leak Proof – No Seams or Joints
Fireproof
Conduit Embedded within Pre-Cast Structure
Hurricane Proof (400-MPH sustained winds)
Insect/Pest Proof
Earthquake Proof (withstands 9.2 magnitude earthquake)
Lower Maintenance, heating and A/C costs
Capable of LEED Platinum Green Status (contributes up to 40% points required)
Pre-Katrina Rates offered from Insurance Companies (3-5 times less)
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Developer Benefits
15%-50% Lower Overall Construction Costs
Up to 20% Lower Direct Costs than Conventional Methods
Unskilled Labor Employed
5%-15% Finishing Labor Reduction
10%-30% Lower Heating and A/C Costs
30%-50% Reduction of Construction Time
On-site/Off-Site Construction - 85% Off-Site Completion
Positioning/Stacking up to 200+ Floors/Stories
Consumer Benefits
Lower Purchase Price
Instant Property Equity – Area CMA has other homes selling at a higher pricing
10%-30% Lower Heating and A/C Costs
100-yr life expectancy (20-yr Warranty)
Lower Maintenance, heating and A/C costs
Leak Proof
Fire Proof
Hurricane Proof (400-MPH sustained winds)
Earthquake Proof (withstands 9.2 magnitude earthquake)
Pre-Katrina Rates offered from Insurance Companies (3-5 times less)
The potential Purchaser will be attracted to the fact they will be able to purchase a home for less than
those being sold in the immediate area. They will also appreciate the significant annual savings in
maintenance and utility costs as well as the deep discount on the Insurance premium.
The features and benefits of GTG technology, along with the unique Home Health Care component, will
offer Coldwell Banker a means of producing an original, exciting and extremely strong advertising and
marketing campaign, in which Wells Fargo would be included.
Green Technology Group, LLP is being requested to bring our technology to Louisiana, Haiti and Texas
to provide temporary and permanent medical facilities and homes. GTG is beginning work to supply
medical accommodations to other rural and catastrophic areas as well.
For information on how Green Technology Group can assist you with your Development Project –
Contact Benny Spensieri (Eastern Division) – 813-391-1545 – Lyle Carpenter (Midwestern Division) –
405-850-9596.
Contact Joe Scallan, CEO, to discuss all GTG Services – 904-716-4150
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CRES Corp International, LLC Affiliated and Vendor Companies
Legal, Title and Closing Services
Emeritus Law Firm – Orlando, Fl – I EB-5 Foreign Investor, Immigration, Title/Closing Services
Christmas, Spano &Owen – Tampa, Fl, Title/Closing Services, Legal Services
Maney/Gordon – Tampa, Fl – EB-5 Foreign Investor/Immigration Services
Vu Legal – Pinellas County – Title/Closing Services, Real Estate/Business Law
Development and Construction Services
Green Technology Group, LLP – International - Precast Monolithic Concrete Structures
Genesis Group – Tampa, Fl – Engineering, Project Planning, Construction Management
Advantix HVAC – International - Liquid Desiccant AC systems – 50% reduced tonnage
Harper Limbach – International - Mechanical Contracting Services
Solar Tech – Tampa, Fl - Solar Paneling Systems
Alternative Energy Solutions – Tampa, Fl - Energy Efficiency Systems
BioNOva – Natural Pool Systems
Medical Staffing
Professional Therapy & Rehab Services –Orlando - Medical Staffing Services
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Summary
CRES Corp International is excited to introduce our Apollo Beach Property and Projects to the public and
to assist our Developers completing these exciting projects.
These Projects bring to the area commercial opportunity, the creation of jobs and growth.
Our Apollo Beach Projects offer many opportunities to our Clients and the public
Building Projects for our Developers
Investment opportunities for our Investors
Business Opportunities for those who wish to purchase and lease our Property
CRES Corp International is working with our Clients who are seeking to maximize their development
projects through superior technology and affordable financing and innovative business strategies.
Seller will sell this property in its entirety or as subdivided lots. Seller may also be interested in Seller
Financing, Land Leasing, Lease-Purchase Options and Partnership.
If you interested in becoming a part of this Project as a Developer, Investor or a Business seeking to lease
space, contact Benny Spensieri – 813-391-1545 or [email protected]
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CRES Corp International, LLC
CRES Corp International, LLC (CCI) is a Commercial Finance and Consulting Company. CCI provides
for their Clients the means to obtain funding for their various Real Estate and Business projects to
include:
Commercial Development Projects
Large Residential Development Projects
Commercial Acquisitions
Investor Syndication
Refinance & Cash-Out
Business Start-ups and Expansions
Through their strong Network of Lenders and Investors, CCI introduces their Clients to business
relationships that get their Projects launched and helps their businesses to expand.
CCI works with their Clients to obtain:
Funding
Equity Partnerships/Joint Ventures
CCI also introduces their Clients to Investment opportunities that include the acquisition or investment in:
Hotels
Apartments
Multi-Family
Medical Facilities
ALF
Strip Centers/Malls
Office Buildings/Complex
Business Opportunities
CCI also assist their Clients in Investments in Construction and Development Projects.
For further information regarding CRES Corp International, LLC, contact Benny Spensieri – 813-
391-1545 or [email protected]
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Benny Spensieri Background
Mr. Spensieri has 13 years experience in commercial and residential real estate, business
development and finance. Specialized real estate areas include:
Commercial-Industrial operations and budgets
Business Planning and Budgeting
Financial Assistance
Financial Instrument utilization in project financing
Construction and Development planning and budgeting
Sales and Leasing
1031-Exchange Assistance
Residential Luxury Home Marketing and Sales
Mr. Spensieri is a Florida Real Estate Broker and owner of CRES Corp International, LLC, a
Commercial Real Estate and Financial Services company offering consulting and financing services
for Development Projects and Acquisitions.
Mr. Spensieri also serves as Director of Business Development for Green Technology Group, LLP
(“GTG”), a Company that supplies precast concrete structures, for residential and commercial
building projects, providing a structure that superior in strength and quality while offering a
significant savings in construction costs.
Mr. Spensieri is also the Director of Business Development with Medical Staffing Worldwide, LLC, a
medical staffing company.
CRES Corp International and its affiliate companies are currently working with Florida Developers
to revise distressed residential and commercial development projects by providing an affordable
means to complete the Projects. These Projects include the construction Hospitals, ALF, Hotels,
Apartments, Retail Centers, Storage Rental Units and large Residential Community Projects.
Mr. Spensieri served four years in the U.S. Marine Corp as a Military Police Officer and upon
receiving an Honorable Discharge in 1989, began service as a police officer for the City of Havelock,
NC for the next nine years.
Mr. Spensieri moved to Tampa, Fl in 1999 to begin his career in Real Estate.
Education
Mr. Spensieri earned a Bachelor of Science Degree from St John’s University majoring in Criminal
Law.
Mr. Spensieri also was accepted into the USF Physical Therapy Masters Degree program and
completed 1 year of the 2-year program, deciding to focus on his