2-Part Lucrative Venture for Investors in Wareham, MA -- Need Inv

[Neha Groves]

An interesting, yet urgent, opportunity has come to us for our town and we need investors to act on it immediately. The town is going to develop a cultural arts, restaurant, and retail center on a town-owned historic site comprising of multiple buildings that will be renovated and restored for this purpose. There is an old steel building on this property that a cannabis manufacturing company is bidding to rent, the fees of which are desirable to the town for income, yet the location is undesirable. The town's long term "Vision Plan" suggests tearing down the old steel building and constructing three 12-unit homes there instead. However, they are seriously considering working with the cannabis manufacturing company in order to generate immediate income to fund the rest of the project.

We propose a 2-part plan - first we purchase a plot of land in an industrial park several miles away, erect a steel building on that lot, and rent it to the cannabis company with a 10-year lease. We will receive the rental income from this property while the town will get their licensing fee from the company. Then we purchase the subdivided land that the steel building is on, tear down the steel building, and construct the three 12-unit homes on that piece of land. Gross annual rent could exceed $240k.

Initial conversations with some of the decision-makers indicated that this would be a highly desirable proposal for the town and a win-win situation all around. However, it is imperative that we send a Letter of Intent (followed up with a detailed proposal) this week in order to get the ball rolling and before the town signs a lease with the cannabis manufacturing company. While we are in a good position to manage the entire deal from start to finish and manage the properties moving forward, we are in need of investors to get this project off the ground!

Please contact us to see our more in-depth proposal. Time is a critical factor, as the town will be deciding the fate of that property soon.