US Commercial Land Purchase - Atlanta, USA

Is your land near the Georgia Dome & the new Mercedes Stadium or is it next to Turner Field?

 

Why though? You dont have to share figures, but if you are going to put them out there and you are actually receiving rent rather than an estimate why not use real figures?

 

Mercedes Stadium, we have a birds eye view from our block. Super Bowl
Check out post 2, pretty awesome stadium in real life.

Mercedes-Benz Stadium - Wikipedia

The other stadium currently under construction is in Smyrna also booming, this is being build for the Altanta Braves. This area is also buzzing along, Cobb County not cheap.

 

I did......but now an increase to $1500 pm.

Though we just found out the tenant can rent out parking bay at $30 per vehicle, so they are making a killing, 7 days per week, imagine the traffic in this precinct.

We are not interested in sitting at the site collecting parking fees.

Pay day is when we develop this little baby

 

View from our commercial land -That's spaceship sort of looking structure is MB stadium.


We still working on another commercial land just other side of stadium - southern ramp/entrance is covered by Hard Rock Cafe .

We are looking at buying in to norhern ramp/entrance.

Has to be JV with current land owner! Let's see how it goes!


@Nemo30

figures are accurate- not estimate!

Besides @D.T (post you referenced to) has done all detactive work to find out rent/location etc.

Check facts with him if you like!

 

Was talking about why you used 11 months to reflect net rent, when you know the actual net amount. Why not just share the known net rent.

 

Very opening post.

Buy : $287500

Rent: $1325 X11 = $14575

You explained that you used 11 to represent net. My question was why when you know actual.

Unless that's how the US works... divide by 11 to get actual.

Conscious that my post may not make sense now that BeDevelop has edited his post.

 

@Nemo30

Same answe as we gave it to @D.T.

Re read thread!

Read much troll less - please!

 

I don't think you could build a hotel on that site..... You might be able to do some units for student accommodation but may even be better to leave it vacant and collect the current rents...

 

Its currently with the architect who is working on all our options to utilise the land for max profits. Not sure how anyone can work out best options by a photo??
Student accommodation I don't think so?? Uni is not in walking distance.

What we do know??? leaving it as a parking lot is the least desirable in terms of cash flow and capital returns.

I think its a 5 storey cap and we have comparable sales of apartments on this Street there is greater upside by building, we just don't know what yet. When we find out we will post

 

I've been going through some older forum items - would love to know if this one has progressed?