201 s crismon rd. mesa, az 85208 · 2019-10-21 · •$2,200,000 sales price •38 permitted rv...
TRANSCRIPT
• $2,200,000 sales price
• 38 Permitted RV Sites (plus 3 temp/holding
sites) for 41 total sites on county island
• City of Mesa water/septic
• 99% extended-stay tenancy (can also be
operated as a snowbird park)
• Cash to new loan
• 9.7% cap rate on real numbers, 16% cash
on cash return
• Individually-metered and direct-billed SRP
electric allows for easy permanent tenancy
and billing
• Updated laundry and restrooms
• Perfect park model play with use permit
revision
• 1997 construction
John Sheedy, Vice President
Cell: 602.821.4666 Fax: 480.717.6955
ARIZONA MAVERIK RV PARK201 S Crismon Rd.Mesa, AZ 85208
PROPERTY OVERVIEW:
For more information, contact exclusive listing agent:
HAVING NO REASON TO BELIEVE OTHERWISE, PARK BROKERAGE DOES NOT GUARANTEE INFORMATION WITHIN IS ACCURATE
4552 E DESERT COVE AVE, PHOENIX, AZ 85028
For more information, contact: JOHN SHEEDY | [email protected] | 602.821.4666
ARIZONA MAVERIK RV PARK201 S Crismon Rd.Mesa, AZ 85208
NET INCOME: $213,805
Total Annual Principal Payment $108,036
Estimated Annual Pre-Tax Cash Flow $105,768
Plus Principal Reduction Year 1 $31,753
Total Return $137,521
38 Permitted Sites, City Water, Individually -Metered SRP Meters on Each Site
Down payment of $660,000 or 30%. New bank loan of $1,540,000 with monthly payments based on a 25-year amortization at 5% is $9,003 per month or $108,036 annually.
Arizona Maverik is a turnkey 38 Site RV park located in a County island in Mesa, Az (metro Phoenix) thatcaters mostly to an extended stay RV clientele. It is on a major street (Crismon Rd) located 1.3 milesNorth of the 60 Freeway and 1.3 miles East of the 202 Freeway. The park is available at a 9.7% cap rate on actual numbers!!!The park was built in 1997 with larger RV sites to accommodate the increasing size of new RVs. IndividualSRP electric meters are located on each site which make it a candidate for Park Model installations withclarification of county use permit. Entrance to the park is currently shared with neighboring park.However the entrance road is owned by seller and it will transfer to the new owner who may want tohave the neighboring park begin full time use of its own separate north-end entrance. This is a cash-flowproperty with increasing rents and/or Park Model installations. This offering will not last long!
Current Rates: Monthly $495 - 525 + Elec. /Minimal Short-Term Tenants – Daily - $40 and Weekly $225Occupancy – 99%
PLEASE DO NOT DISTURB TENANTS OR MANAGEMENT IF VISITING PARK. THEY ARE NOT AWARE PARK IS FOR SALE. PLEASE KEEP THIS LISTING CONFIDENTIAL.
Estimated Vacancy & Expense
See Actual and Pro Forma , Rent Roll
Capitalization Rate – Pro Forma9.7%
Cash on Cash Return16%
Loan
New Loan – Regional Bank
Age
1997
Total Parcel Size
2.2 Acres
No. Spaces
38 permitted plus 3 temp/holding sites
Water/Sewer
City/Septic
Sales Price $2,200,000 | Down Payment $660,000
PROPERTY INFORMATION:
For more information, contact: JOHN SHEEDY | [email protected] | 602.821.4666
LOAN INFORMATION:
ARIZONA MAVERIK RV PARK201 S Crismon Rd.Mesa, AZ 85208
For more information, contact: JOHN SHEEDY | [email protected] | 602.821.4666
ARIZONA MAVERIK RV PARK201 S Crismon Rd.Mesa, AZ 85208
Financial Data
Rent Roll
For more information, contact: JOHN SHEEDY | [email protected] | 602.821.4666
ARIZONA MAVERIK RV PARK201 S Crismon Rd.Mesa, AZ 85208
Map
For more information, contact: JOHN SHEEDY | [email protected] | 602.821.4666
ARIZONA MAVERIK RV PARK201 S Crismon Rd.Mesa, AZ 85208