Pleasants Landing was purchased by Vallerie Holdings in 2016. This has been an ongoing restoration and development project: The owner is seeking retirement. The property currently has a cap rate of 7.5%. There are two areas to be considered for additional development: 1. There is 4,660 of upper floor area with superior water front views. this area needs to be converted from storage to a commercial use. In addition, in 2017, a 24 ft x 80 ft(1920 sqft) stone stamped concrete patio was installed. This patio was installed with footing to support a 24 ft x 80 ft balcony. We leave it to you to estimate the income potential of this area. 2. We currently have our engineers working on the development of additional docks and boat slips . We are currently seeking permission from Dominion Energy (Owner of Lake Anna) to install (in excess of) an additional 100 boat slips. We currently lease boat slips at the rate of $1300 annually. This amounts to an additional $130,000 of annual revenue. Pleasants Landing is the only event and recreational facility within the 3 counties with waterfront access. This is a 12 acre breathtaking waterfront site with 2,500 ft of water frontage.