Please provide in executive summary format describing the following based on an initial review and understanding that this would be further refined with the assistance of $3^{rd}$ party consultants:

Zoning$/$Entitlement$/$Feasibility: Please provide any considerations.

Design: Initial layout and buildable square footage

Budget: All$-$in development incorporating all costs $($i$.$e$.,$ hard, soft, TI$/$LC$,$ financing, etc.$)$

Pricing: Target land price assuming $$12$ NNN market rent and $5\mathrm{.}5\%$ yield on cost

Pros$/$Cons: Investment strengths and weaknesses