Port A Tropic Island Dev Project

PORT A DEV. PROJECT KELBY MCCAN DANNY LABRUZZO

Ask Strategy Summary $10m ACUIRE - DIVIDE - EXIT Offer Approx 8.5 acres of developed Port Aransas land. We believe that acquiring and flipping this property in smaller parcels will $8.5-$10m prove highly profitable. Current cash flow is strong and will sustain the first year of parceling preperation. After parceling & Gross Sales Condo documents are complete we can begin selling and exit. $17-$19M SDSC | New Members Exit Timeline 2 yrs Net Outside of soft costs for legal docs, closing costs, marketing and selling. $7M-$10M

Actions Phase 1: Contract Aquisition Retain representation CONTRACT & TITLE Offer Property is offered at $10M. An offer of $7M was refused. Offer of $7.9M is placed with an acceptable Negotiate negotiated outcome of full price $10M. Execute SDSC | New Members Title Close Timeline 60-150 days Cost 3% fee paid by seller for listing and selling agent. Closing Costs 40-70k for buyer.

Actions Phase 2: Simple Replat/Condo Simple replat with city 136 RV SITES - HOTEL - STORAGE seperating one parcel Prior to closing we begin Condo documents for RV park to turn into three. 136 lots into individually owned condo lots. Hotel property is parceled and fenced into its own entity. Storage units are 1-2 sets of condo docs parceled into their own property. Condo docs developed for drawn up by legal storage units if quick sell or not if retained for long hold. council SDSC | New Members Construction of dilenation points by with fence Timeline 90 days Cost Docs, replat, fee's, fence 115K

Actions Phase 3: Sell Lots/Hotel Market Hotel for 136 LOTS & HOTEL Commercial Sale Sell hotel for $3M. Lots sell for varied amount but Begin selling RV lots to averaging 100k over all. The benefit of this project is the current owners. revenue stream while selling. The day we close revenue begins and continues while we sell. Open RV lots for public sale |s Exit Condo HOA Exit Hotel Timeline 1.5yrs - 2yrs Gross $15M - $16M

Actions Phase 4: Storage Units Decide to Hold or Sell 26 UNITS Hold: Assign manager Currently cash-flowing at $400 month per unit with total and continue current annual revenue of 125K. These units could be held for long hold and cash flow or sold off. If sold off I beleive they would operations. sell for 100K-150K each. This hasn't been done in Port A and would be the first individually owned storage units. Sell: Condo Docs, market, sell, exit. |s Timeline 1.5yrs - 2yrs conccurent with sell of RV sites Gross Hold 125k Annualy Sell $2.5M - $3.5M

PRE TAX NET $7M-$10M Shoreline Realty Co

PROPERTY PRESENTATION KELBY MCCAN DANNY LABRUZZO





























Get in Touch FOR QUESTIONS AND SUGGESTIONS Kelby McCan Danny Labruzzo MAILING ADDRESS 1418 Whispering Sands, Port Aranas, TX, 78373 EMAIL ADDRESS [email protected] [email protected] PHONE NUMBER +1 (361) 800-3691 +1 (361) 727-6507