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Study Recommendations <br />Consider advantages of developing "Ready to Go" product. Could form a <br />Public- Private Partnership to accomplish this task. <br />• Shovel / Pad Ready Sites <br />• Spec Buildings <br />Approximately 60-70% of inquiries come in for Shovel/ Pad Ready Sites <br />and /or Existing Buildings. Shovel ready and speculative building has some <br />risk based on the financial investment needed to develop sites; however, it <br />is best way to reduce development timelines and has proven to be a <br />successful model in other locations throughout the state. <br />BUDGET: $50 to $100 per SF for Spec Buildings (including site work) <br />$50,000 to $100,000 per acre for Shovel /Pad Ready Sites <br />TIMMONS GROUP `® _ NAICarolantic Realty 51 ORANGE COUNTY <br />^°° ° °"^, �. ",'° "" NORTH CAROLINA <br />Cop}�'ight ©20122018 <br />Timmons Group AI I Rights Reserved <br />�• • ••• • • • <br />� • l <br />• Nance <br />1/22/2018 <br />26 <br />