COMMERCIAL REAL ESTATE WORLDBID AUCTIONS
The final auction bid date for the Pennterra Land Development in Carlisle,PA has been cancelled.
Announcement was made by Braun Worldbid and Greg Rothman the Broker, on behalf of the owner KMWW. National response to the auction sale was strong, though due to the complicated nature of the development of this large project, it has required more time than average in underwriting and analysis.
Several potential buyers are proceeding to deal directly with the owners. Going forward, all interested parties are now directed to the owners.
For further questions, please contact: Igal Feibush, 310/770-3007, Igal@stonecanyoncapitalpartners.com
The 503 acre Pennterra development site is a master planned land community fully entitled with all required permits to immediately begin construction of over 1,000 homes + commercial OR, with zoning approval, potential for millions of square-feet of light industrial.
With over $3M soft costs invested, the Property has gone through an extensive planning process to create the optimal product mix and amenity program to maximize absorption and project returns. In addition, the Conditional Use Master Subdivision Approval provides for 10-year vesting of the development rights.
The site, 20 minutes from downtown Harrisburg, Pennsylvania, near the historic town of Carlisle and minutes from the I-81 corridor near the 76 Turnpike, Harrisburg MSA is considered to be a strong, secondary market, ranked 67th nationally.
503 Acres, right off Interstate 81
Fully entitled master planned community. -1000+ homes with 250K Sq Ft of commercial
Light industrial development opportunity
$3.5M soft costs invested in this property
Auction on Behalf of the Bankruptcy Trustee - The Alta Mesa Wind Energy Project (located just 15 minutes from Palm Springs) consists of 42 Vestas V27 & 117 Danwin 23E turbines on 640.5 acres of land. This is a tremendous investment opportunity; the land has recently been appraised at $12,000,000 and the turbines have been valued at $2,020,000
Sunshine Lodge is a recently-renovated, 103-room two-story hotel just off I-77. The property includes meeting facilities for up to 40 people, a fitness center, business center, a seasonal outdoor pool and a 4-bedroom owner/operator apartment (not included in the room count). The hotel was built in 1989 and sits on a 3.75 acre lot with 120 surface parking spaces.
All public areas have central air conditioning, with PTAC units in the guest rooms (all of which have wireless internet access).
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