MULTI-FAMILY...9 Resume of previous multi-family ownership/ development experience ... 9 Casey’s...

COMMERCIALGary Kuklin | 402.880.1887

RESIDENTIALKimberly Kuklin | 402.214.5955

MULTI-FAMILYOffering Memorandum

www.Gallery23East.com

GALLERY 23 EASTDevelopment Highlights

GALLERY 23 EAST is a Planned Unit Development (PUD) located southeast of the intersection of Hwy 275 and 23rd Street (Hwy 30) in Fremont Nebraska. Fremont’s largest new mixed use development will be offering Single Family homes, Villa homes, Apartments and Commercial area all being built around beautiful 14 acre Lake Galleria.

THE CITY OF FREMONT

Fremont, NE is located only 20 minutes West of Omaha and 40 minutes from the Omaha Eppley Airfield. In addition to being one of Nebraska’s larger communities, Fremont has the ability to draw from both the Omaha and Lincoln labor market. Fremont is positioned for progress, with quiet safe neighborhoods located comfortably close to big city amenities. This beautiful city offers economic and logistical advantages, including an abundant, high quality workforce and plentiful local resources, all of which allow companies to achieve long-term profitability in a city that boasts a positive environment for families, businesses and community organizations alike.

DEVELOPMENT PROPERTY AND AREA DESCRIPTION:

9 This plan calls for approximately 200 lots for single family residences

9 91 Villa Lots 9 Approximately 400 apartments on 16.1 AC 9 22.85 Acres of Mixed Use Commercial land 9 Centrally located on the property is Lake Galleria,

a 14 acre lake which is 25’ deep and great for leisurely no wake boating.

2 MULTI-FAMILY | COMMERCIAL | RESIDENTIALGARY KUKLIN ● 402.880.1887 ● [email protected]

KIMBERLY KUKLIN ● 402.214.5955 ● [email protected]

“

MULTI-FAMILY Offer Submission

MULTI-FAMILY OFFER SUBMISSION

Asking Price: $3.75 Per Square Foot

Total Area: 701,306

$/Door: $6,574.74 per door

Offers should be presented in the form of a non-binding Letter of Intent, spelling out all significant terms and conditions of Purchaser’s offer including, but not limited to:

9 Purchase Price 9 Due diligence and closing timeframe 9 Deal structure and each party’s rights and

responsibilities 9 Earnest money deposit amount 9 Resume of previous multi-family ownership/

development experience 9 Qualifications to close 9 Details of debt and equity financing.

Quick access for an easy commute

“

3MULTI-FAMILY | COMMERCIAL | RESIDENTIALGARY KUKLIN ● 402.880.1887 ● [email protected]


FREMONT RENTAL MARKET STATISTICS

9 37.29% of the Fremont Nebraska population are classified as Renters.

RENTAL VACANCY RATES 2017

Vacant For Rent 1.22%

2017 AVERAGE RENTAL RATES

1 Bedroom Apartment $650 - $750

2 Bedroom Apartment $875 - $975

3 Bedroom Apartment $950 +

4 Bedroom Apartment $1,100 +

2017 APARTMENT AVERAGE SQUARE FOOT

1 Bedroom Apartment 600 Sqft




FREMONTStatisticsFREMONTStatistics



HOUSING GROUP DATA

Renter Occupied Housing 62.1%

Owner Occupied Housing 25.9%

Average Size Household 2.1

UNEMPLOYMENT RATE

9 3.40% is the Unemployment rate in Fremont Nebraska compared to the national U.S. average of 5.20%.

9 Economic indicators show job growth rates as positive for Fremont Nebraska

POPULATION STATISTICS

Fremont Nebraska 26,397

Dodge County 37,108

FREMONTStatistics (Continued)

2018 DEMOGRAPHIC PROJECTION

1 MILE 3 MILES 5 MILES

Population 5,806 27,299 29,400

Average Household Income $84,733 $72,649 $73,850

Total Households 2,467 11,169 12,027



DEVELOPERBiographiesMike and Bill Cosentino, developing partners of GALLERY 23 EAST, bring their business acumen and vision to this innovative community development. The brothers, who have been successful in business together for over 40 years, were born, raised and currently reside in Omaha, Nebraska. Their success as a team began with the strategic and long-term growth of their family owned business, Marianna Industries. The company serviced the personal care industry through liquid manufacturing as well as distribution of dry goods. Their contract fill customers included Proctor & Gamble, Sally Beauty Supply, Walmart, Target, Sam’s Club and Costco, among others. Headquartered in Omaha, the brothers also managed the expansion of manufacturing facilities to Las Vegas, NV and Memphis, TN, employing over 500 people. The Cosentinos sold the business in 2010 and have continued to work together on several professional projects. Throughout their time at Marianna, they maintained various real estate holdings from rental properties to commercial buildings to farmland. In 2016 they recognized an opportunity to support the rapid growth in Fremont and wanted to contribute to the expansion and improvement of the city and the community. They envision GALLERY 23 EAST to be a great residential community with unique residential housing as well as a commercial area to serve as a place for convenience, relaxation and entertainment.

They envision Gallery 23 East to be a great community

“

“



LOT PRICING:

Commercial Ground $8.00 PSF

Apartment Ground $3.75 PSF

Lake Lots $85,000 — $75,000

Premium Lots $75,000 — $58,000

Standard Lots $68,000 — $48,000

Development is in Sanitary Improvement District #8 Dodge County Opportunity Zone & New Market Tax Credit Zone Incentives Available Contact your Attorney or CPA for Information

Note: Prices and Lot Sizes Subject to Change

UTILITIES:

9 Electric Distribution: Fremont Department of Utilities 9 Natural Gas Distribution: Fremont Department of Utilities 9 Water: Fremont Department of Utilities 9 Telecommunications Service: Century Link, Spectrum,

Great Plains Communications, American Broadband

SCHOOL ZONES

9 Clarmar Elementary School 9 Fremont Middle School 9 Fremont Senior High School

RESIDENTIAL Highlights



Lake Galleria is great for leisurely no wake boating

“

“



FUTURE GROWTH Of Fremont Employers: COSTCO

Cited Omaha World Herald, By Barbara Soderlin / / World-Herald staff

writer Barbara Soderlin Article Date: Jun 22, 2017, Edited

Its estimated $1.2 billion annual economic impact compares to about 1 percent of the state’s economy, the project will be among the region’s largest economic engines, its entire supply chain — from corn fed to the chickens to the finished product themselves — will be concentrated within about a 100-mile radius around Fremont.

It will generate about 800 new jobs at the plant itself and will support farmers and small businesses that serve the plant. There’s also the $400 million in direct investment to build the plant along with barns to house chickens on area farms. The plant is the first live animal processing facility for COSTCO, which is based near Seattle.

Officials estimate that the plant will process more than 2 million chickens a week, or more than 100 million a year. It will handle about a third of the raw and rotisserie chicken sold at COSTCO stores nationwide. COSTCO operates 732 warehouse-style stores and had $119 billion in revenue in its 2016 fiscal year.

The average salary for COSTCO Employee In Nebraska is $69,791.



Restaurants & Retailers in close proximity to Gallery 23 East

RESTAURANTS

9 Applebee’s Grill + Bar 9 Big Red Restaurant & Sports Bar 9 Brass Wok 9 Buffalo Wild Wings 9 Burger King 9 Casey’s General Store 9 Dairy Queen 9 Firehouse Subs Yager Place 9 Fuentes De Jalisco Restaurant & Bar 9 Huey’s Smokehouse BBQ 9 La Hacienda Mexican Restaurant 9 Little Caesars Pizza 9 Mac’s Cafe 9 Marco’s Pizza 9 Martini’s Cafe 9 McDonald’s 9 Ninja Steak and Sushi 9 Panda Express 9 Papa Murphy’s Take ‘N’ Bake Pizza 9 Rumor Mill 9 Runza® Restaurant 9 Savannakhet Restaurant 9 Sonic Drive-In

9 SUBWAY®Restaurants 9 Taco John’s 9 The Tow Line 9 The Woodcliff Restaurant 9 Tortilleria Anita Y Taqueria 9 Valentino’s 9 Wooden Windmill Restaurant

RETAILERS

9 Black Tie & White Satin 9 BP Fuel Express 9 Buck’s Shoes & buck$ off 9 Casey’s General Store 9 Casey’s General Store-South Broad 9 Charmed Market Framing & Engraving 9 Country Traditions 9 Cylinder & Slide, Inc. 9 D & T Shirtified, LLC 9 Dodge County Gun Emporium 9 Eco Water Systems 9 Embroidery Connection 9 Epicentro 9 Eternal Tattoo & Body Piercing 9 Expressway Food Mart

9 Fia & Belle Homewares 9 Goodwill Industries 9 Greens Florist 9 Hy-Vee Foods, Inc. 9 Imprint Designz 9 Lou’s Sporting Goods/Nebraska Sports 9 Merry-Go-Rounds 9 Nancy’s Boutique 9 Pampered Chef 9 Pump & Pantry 9 Rader Photography 9 Rexius Nutrition 9 Sampters Clothier 9 Sapp Bros Inc. 9 Shoe Sensation 9 Svec Promotions 9 Tienda Mi Tierra 9 Tow Line, The 9 Trophy Case,The 9 Vic’s Photography & Video 9 VW Photography & Digital Services 9 Walgreens 9 Walmart Stores, Inc. 9 Wise Olde Owl Gift Shop, LLC



Sellers makes no representations or warranties, expressed or implied, as to the accuracy or completeness of the information supplied here in. Measurements are approximate, all marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. ©2019 BHHS Affiliates, LLC

Thank you for your consideration!



www.Gallery23East.com

MULTI-FAMILY...9 Resume of previous multi-family ownership/ development experience ... 9 Casey’s...

Documents

Transcript of MULTI-FAMILY...9 Resume of previous multi-family ownership/ development experience ... 9 Casey’s...