Inside Cover A — October 12 - 25, 2018 — M id A tlantic er Sept. 28 - October 11, 2018 — M id A tlAntic I si e
Real Estate Journal
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Real Estate Journal
JUST LISTED - FOR SALE The Village at Upstream Farm Investment Offering Ground Lease
Pinewoods Association, LLC is offering for sale approximately 26 acres of land together with a 99 year ground lease with 82 years remaining containing a 55+ community in Forks Township, Northampton County. The Lessee is The Village at Upstream Farm Condominium Association. The development is comprised of 124 one and two-bedroom condominium units with garages. The ground lease began in July of 2001 and terminates on August 31, 2100 at which time the lessee has an option to purchase the property for $1.00.
• Monthly rental income: Pure NNN • Ground Lease with no landlord responsibilities • Annual increases at CPI not to exceed 5% per year • Homeowners association pays all costs of maintenance and capital repairs to the property • Clubhouse is included as part of the fee simple sale • Condominium Association has capital reserves for property upgrades and repairs • Potential for future property management • Condominium Association has never missed a payment
For additional information and a full investment package, please contact: Cindy McDonnell Feinberg at 610-709-6231 Gregg M. Feinberg at 610-709-6233 1390 Ridgeview Dr., Suite 301 This unique investment opportunity is offered at $10,995,000.00
Allentown, PA 18104 www.feinbergrea.com
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