Industry: Real Estate
Sector: Real Estate
SIC Code: 65199903 LANDHOLDING OFFICE
Country of Origin: United States |
Target Areas: Worldwide
We are representing a company that owns 168,000 sqm of undeveloped land in the Piti district of Guam, approx. 500 meters from the ocean. Land can be developed per the buyer's preference, and a design firm has prepared an initial plan for a 167 unit subdivision development which can be utilized. Growing tourist volume is a driver for the economy and a recent slowdown in homebuilding has created unmet housing demand. This property could be a good fit for various types of individuals/entities seeking to diversify their investment opportunities.
Transaction: Sale of the property holding company or direct sale of the property
Price: Negotiable. (As a point of reference nearby land is listed at $30/sq m, which implies USD5.0mn when applied this target property)
Asking Price: 5000000 USD
・ 11 km south of downtown Tamuning
・ Opposite side to US Naval Base Guam of Apra Harbor
・ Backside of Sumay Pub & Grill restaurant (Located on Route 1)
・ Connects to Route 1 via an access road
・ Entrance is 500 meters from the coastline
・ Plateau area of the property has ocean view
A teaser is available which shows exact location, area maps and overview of the subdivision plan.
The property seems best suited to build housing for military personnel/families, staff at the nearby port or other Guam residents.
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