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Proposal of “Splendora Plaza” in Splendora, Texas Nov. 2007
18 acres property in Splendora, Texas, with Beautiful US Route 59/69 frontage, will be developed to be the subject plaza which would be developed as he shopping center for both Local Shopper & Tourist to match the coming Tourist Attraction in the area, including the Future World's Largest Dinosaur Park (about 7 miles from us) & Liberty Motor Sports Park(about 10 miles away) which will attract millions tourist per year according to the New report.
Index • Location Map• Site Map • Enlarged Phase 1 Site Map• Hwy 59/69 Frontage View of the Subject Property• Greater Cleveland Map (defined by Greater Cleveland EDC)
• Greater Cleveland Retail Potential (Source: Cleveland EDC)
• Marketing Plan• Operation Flow Chart Plan• Project Budget Plan• Future Operation plan• Proposed Future Store Building Design• Proposed Future Garden Sports Bar Café Design• Conclusion & Contact Us
Location map
It is located at south side of Greater Cleveland & about 15 miles north of Houston City North Limit
Hwy 59/69 Frontage View of the Subject Property
Subject Plaza has whole Hwy 59/69 Frontage on West Side of East River R0ad Under-PassUS Route 59
Greater Cleveland Retail Potential Information
Information Source: Cleveland Retail Outlook which was posted on May 15, 2006 on the web page: http://www.clevelandtexas.com/Retail%20Develoment%20Study--Website.pdf
Great Biz information has been posted on www.cleveland.biz . Following is the Great Retail Leakage Info. For Ref.
Marketing PlanAs per data mentioned in last page, Great Cleveland current retail sales amount is about $129M, but the total sales amount should be $692M, it means the leakage amount is $563M which is 436% business loss comparing to current sales amount $129M, even Wal-Mart has a super store in the city.We are going to invite the industry with the priority as the leakage percentage of the industry.We will contact Related Nationwide Industry, even International Company to join us to enrich the Retail Business in Cleveland, TX.We are happy that some major stores are contacting us and welcome quality business to contact us ASAP, because our site layout could be exclusive to some industry to protect the business.
Marketing Info: East River Plaza, 0.4 mile from us, without Hwy frontage, has just built about 40,000 SF & 100% occupied at Rental $15/yr.
Operation Flow Chart Plan
Marketing Survey(done)
Site Assignment
(done)
ContactingStores
(under going)
Site Plan(under going)
Budget Plan(Primary Plan
on Page 8)
Invest $1.7M To build
First 20,000 SQStore Space
Build next phase StoreSpace as per budget planon page 8 & keep improving operation.Continue the operation Until all 290,000 SFBuilding Space finished.
Project Budget Plan
Detail of the Budget could be revised as shown on the attached document.
Cleveland Plaza Budget Plan(by US$) Year Interest Building Cost / sf3 net Year Rental / sfLand Value
10% 70 15 1,050,000
Subject Name Land Develop Phase1A Store Phase1B Store Phase1C Store Phase2A Store Phase2B Motel
Phase Space Size - sf 350,000 20,000 40,000 52,300 117,700 60,000
Building Space Total 0 20,000 60,000 112,300 230,000 290,000
Phase Investment 300,000 1,400,000 2,800,000 3,661,000 8,239,000 4,200,000
Invest Total 300,000 1,700,000 4,500,000 8,161,000 16,400,000 20,600,000
Year Interest 21,000 119,000 315,000 571,270 1,148,000 1,442,000
Yr Rental I/C 0 300,000 900,000 1,684,500 3,450,000 4,350,000
Yr Operation Expense 20,000 30,000 40,000 50,000 60,000 70,000
Year P/L -41,000 151,000 545,000 1,063,230 2,242,000 2,838,000
Property Value (by NOI 10%+Land Value) 5,000,000 8,750,000 15,250,000 24,056,250 45,125,000 54,375,000
Property Marketing Asset (Deduct Loan) 5,000,000 6,901,000 10,395,000 15,273,980 27,517,000 32,263,000
Empty Land Value Estimation 5,000,000 5,000,000 4,000,000 3,000,000 2,000,000 0
Remarks: Property Value is counted by (NOI / 10%) + Land Value estimation at the time.
Future Operation Plan
Once we can succeed to execute the subject plan, we should make our operation as “Commercial Property
Development Franchise” which should including not only Construction Team, but also the Commercial
Property Marketing & Management Team in order to invest in more other locations, starting from Greaer
Houston, then Texas, then National wide, then Continental Wide, then World Wide.
“Sky is the Limit”, that is the beauty of life.
Sinopac International Corp. has been in USA 20 years under leadership of Frank Lin who has more than 30
years experience in Global Business.
Besides our current outstanding employee to support the beginning operation, we will invite more
capable quality professional to join our team. A Great Company will be operated by A Great Team!
With Bank’s support as financial partner, Sinopac will develop more property on Hwy69 – The Future Great Highway in the Country.
Proposed Future Store Building design
Our Future Standard Design of Assorted Specialty Store
Dimension: 12'H x 80'L x Flexible Width
Special Custom Design could be accepted
Our Future Standard Design for General Store
Dimension: 10'H x 60'L x 30'W or 10'H x 60'L x 60'W
Proposed Future Garden Sports Bar Café Design
Reference View of Future Lake View with Lakeside Walkway
Custom Cafe / Restaurant / Sports Bar Design Welcome!!
Conclusion & Contact Us
This Proposal is prepared by Sinopac international Corp.
7400 Harwin Dr. Suite 300, Houston TX 77036
Tel : 713-783 3122 Fax :713-780-4626
Email : [email protected]
Website : www.splendoraplaza.com
Subject Area has just terminated “Dry Town” after 100 years history and “More than 15 years Expansion of Hwy 59” is just about hitting Cleveland from Houston, also, “NAFTA Corridor Hwy 69(59) is just about finishing Country Crossing from Canada to Mexico”.
All these big waves of Economic Development has created the Subject Area to be the Golden Spot for Investment in the coming years. Some major investments has been decided recently, including Liberty Motor Sports Park (about $100M investment, only about 9 miles from us) and the Future World's Largest Dinosaur Park (about 6 miles from us). Both projects could attract millions tourist per year. Splendora Plaza would be the main shopping center in the center area, consequently, it would attract lots tourist visitors besides local shoppers which would be also growing sharply because of the strong local economic growing opportunity.
Sinopac international corp., as the largest land owner in Cleveland Area, will take this historic great opportunity and welcome quality investor, banks & industries to grow with us.
Remarks: This proposal is for reference only. All contents should subject to final confirmation with Sinopac.