Commercial Retail Nursery from the ground up

[Jena Vail]

Investment Info:

Retail commercial investment investment.

Purchase price: $102,000
Cash invested: $102,000

Purchased a property to build a retail nursery.

How did you find this deal and how did you negotiate it?

We had been looking through Realtor.com for land for months when it popped up on a Sunday morning. By Sunday afternoon we were under contract. Our agent helped us write a very strong offer with an escalation clause.

How did you finance this deal?

Cash from my 401-k

How did you add value to the deal?

Managed property purchase.
Negotiated water rights to be transferred in the sale.
Property development- applying for well permits with the State of Colorado, working with architects, water attorneys, civil engineers, consultants, Douglas County planning and zoning, and Cherry Creek Watershed Authority.

What was the outcome?

An awesome property for our tree nursery!

Lessons learned? Challenges?

Know how an escalations clause works.
Be patient when building- nothing is ever on time

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

CJ Kirst