Who should I talk to?

[Frank Mirando]

Hello BP,

My family owns and operates a successful trucking company.  We found a great piece of property with the proper zoning for our business and need some financial guidance.  There is a huge demand here on Long Island for vehicle storage. 

We have some cash but would need bank, bridge funding, private money to get the deal done.  

This is our first commercial deal so your opinion is greatly appreciated.  

Basic info on property:

1. Vacant with approved permits in place.

2. Construction Cost- site work, pave the whole lot plus access road 250,000 ( We will office in a trailer.)

3. Purchase price - 450,000 est.

4. Purpose- Owner occupied-  terminal with storage for 200 + Vehicles 

5. Expenses- Not much overhead on a parking lot.  Im figuring 25,000 a year.

6. Income- 140-150,000 a year.  

Please let me know your thoughts! 

Thanks

FM