Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
You have become aware of a 1 acre outparcel, located adjacent to a major strip shopping center, which you have placed under contract. During your feasibility period, you have entered into a letter of intent with a major bank, who will lease the entire 10,000 square foot building (along with the surface parking and drive- through), which you have designed for the site. The key assumptions for your deal are as follows: Assumptions:
Land Purchase Price: $1,000,000
Estimated Building Cost: $2,500,000
Estimated Project Soft Cost: $1,500,000
Annual Triple Net (tenant pays all annual operating expenses) Rent: $400,000 Cap Rates for these types of buildings are typically 7%.You have invested $75,000 to-date in preliminary plans, negotiating the LOI, obtaining approval for a drive- through, etc. and are approaching the end of the feasibility period, at which point you will need to post an additional $100,000 as a non-refundable deposit with the land seller. You will then need to spend an additional $250,000 to complete your lease with the bank, complete the plans and bid the construction work, obtain permits and construction financing, etc.
Scenario 1:
You are the project manager for a mid-sized developer who would typically sell this type of asset upon completion (a merchant builder). The construction estimate was developed by your in-house construction group and the bank has done 3 previous lease deals with your firm.
Questions:
What are the risks and opportunities presented by the proposed development?
One of your company owners makes you aware of a potential condemnation by the municipality of a portion of the site (where the drive-through is located) for the widening of the street. You check it out and find that the potential (not defined or detailed) street expansion is tied to a bond deal, which is subject to a voter referendum during the next election. How does this impact your recommendation to proceed?
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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