Cleveland Rocks

Price

$2 million

Duration

22%

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About the Course

This project represents a unique opportunity to transform a key underutilized asset in Cleveland’s core are into a world class facility that will drive the next generation of innovators, and make Cleveland a major technology hub. The project has a above market-return, low-risk, and very high impact profile. Making it a great way for individuals to support projects that matter.

The building is in the heart of development in Cleveland, the Ohio City neighborhood. There have been 7 new multi-family projects built with in a 5 minute walk from the premise.

Due to the project being close to opening the underlying tenants have generated strong pre-sales and optics around demand. the Climbing Gym has already 500+ members pre-sold, and expects that number to grow drastically. We would need around 65 members to break even. As such most of the lease-up and operational risk has been mitigated. The other operators already have ongoing cash flow and have experienced strong interest as well.

Your Instructor

22.%

22.%

The CLE Rocks project is renovation of the iconic historic Masonic Temple in Cleveland’s Ohio City neighborhood into a world class rock climbing gym, technology makerspace, and with a few other tenants. The project seeks to cement both technology and health/wellness resources for Greater Cleveland, and once open will be the ground zero for innovation, education, and health/wellness in area.