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10060 Jibboom St - Parcel B
1.67 Acres of Commercial Land Offered at $13,000,000 in Truckee, CA 96161
Investment Highlights
- Investment Opportunity
- Approved by Truckee Planning Commission
Executive Summary
• Projected Sales Revenue: $47,112,000
• Total Build Cost: $26,865,000
• Net Profit (Estimated): $13,078,000
• Estimated Rental Income (6% Cap): $7,704,400
• IRR (Internal Rate of Return): 23.02%
Contact Listing Agent for more information on plans, proforma, etc.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $13,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.67 AC |
| Price | $13,000,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.67 AC |
1 Lot Available
Lot
| Price | $13,000,000 | Lot Size | 1.67 AC |
| Price Per AC | $7,784,431.14 |
| Price | $13,000,000 |
| Price Per AC | $7,784,431.14 |
| Lot Size | 1.67 AC |
The Jibboom Street project offers a prime development opportunity in the heart of Truckee, CA. Includes eight parcels and development rights and designs.
Description
The Jibboom Street project offers a prime development opportunity in the heart of Truckee, CA. Situated on a strategically located 8-parcel site, this project is ideally positioned to capitalize on Truckee’s booming real estate market. Located near downtown, the parcels are zoned for mixed-use, allowing a variety of commercial, residential, and hospitality development options. Financial Highlights: • Projected Sales Revenue: $47,112,000 • Total Build Cost: $26,865,000 • Net Profit (Estimated): $27,578,030 • Estimated Rental Income (6% Cap): $7,704,400 • IRR (Internal Rate of Return): 23.02% Development Breakdown: Building A: • Unit Mix: o Studios: 7 units o 1-Bedroom: 8 units • Total Sales Price: $2,200,000 • Rental Income: $29,200 per month Building B-C: • Unit Mix: o Studios: 8 units o 1-Bedroom: 10 units o 2-Bedroom + Flex: 12 units o 3-Bedroom: 2 units • Total Sales Price: $28,100,000 Building D: • Unit Mix: o 1-Bedroom: 5 units o 2-Bedroom: 1 unit o 3-Bedroom: 9 units • Total Sales Price: $20,975,000 • Commercial Space: o Total Square Footage: 2,173 (Buildings B & D) o Estimated Lease Value: $5 per square foot Investment Potential: • Total Project Cost: $37,402,247 • Equity Required: $1,186,685 • Loan Financing: $28,051,685 (75% LTC)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,559,396 | Total Assessment | $1,559,396 |
PROPERTY TAXES
zoning
| Zoning Code | Downtown Master Plan |
| Downtown Master Plan |
Presented by
10060 Jibboom St - Parcel B
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