Investment Offering Ground Lease The Village At Upstream Farm
Pinewoods Association, LLC is offering for sale a 99 year triple net ground lease, with 82 years remaining, of approximately 26 acres of land containing a 55+ community in Forks Township, Northampton County. The Lessee is The Village at Upstream Farm Condo 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. The clubhouse is included as part of the fee simple sale.