New Horizons Realty Advisors

Monument RV Resort and Storage607 Highway 340, Fruita, CO 81521•$5,250,000 Sales Price

•Four star RV resort with self-storage facility

•Amenities include pool, spa, updated fitness

room, five cabins, rented single family home, two

laundry rooms, and clubhouse

•Near full occupancy in summer, storage is 85%

occupied. Turnkey operation with management in

place

•45 minutes from world-class skiing in winter

months, minutes from national parks in summer

For Further Information Contact:

Ross Cooper – New Horizons Realty Advisors

John Sheedy – Park Brokerage Inc.

John Grant – Park Brokerage Inc.

Ross Cooper: 602-369-9093

Email: ross.newhorizons@gmail.com

John Sheedy: 602-821-4666

Email: jsheedy@parkbrokerage.com

Information contained herein has been obtained from the owner of the property or from other sources that we deem

reliable.We have no reason to doubt its accuracy but we do not guarantee it.

30,000 SF Self-Storage and 100 Space

Four Star RV Resort for Sale

Monument RV Resort and Storage

Near Grand Junction, Skiing, and National Parks

328 Sites/Units on 8 Acres with Pool, Single Family Home, Clubhouse, and

Cabins

Down Payment

$1,312,500

Sales Price

$5,250,000

LOAN INFORMATION:Lender will offer a 75% LTV or $3,843,750 at 4.25% fixed interest with monthly payments amortized over 25 years with a 10 years term, monthly loan payment to be $21,330.94 with $90,375 to principal year one.

Property Information and Description:Turnkey RV resort and self-storage property located in Fruita, Colorado near the Grand Junction MSA halfway between Salt Lake City and

Denver markets. Park is impeccably managed by a terrific on-site team which allows the absentee owner to only visit twice per year. Storage rates have not been raised in four years and are 85% occupied. See below for breakdown on rental storage units. RV park is nearly full every summer with hiking, rafting, wine tasting, national parks, and music and art festivals all nearby. The park has 25 permanent residents plus is only 45 minutes from world class skiing which provide winter revenue. Telluride and Aspen are under 2 hours way. Park has free WiFi, pool, cable, clubhouse, two laundry facilities, and an updated fitness center. Park also contains 5 cabins and nearly all sites have 50amp service. Park charges additionally for electricity on monthly stays or longer in RV park, water and sewer are not passed through to residents. Streets

and common area buildings have been maintained perfectly which means no deferred maintenance for new owner, streets and storagefacility roof just re-done for example. Broker recommends following to increase occupancy: implement online reservation program on website

for both storage and RV resort. This includes use of Expedia or hotels.com for cabins for ski crowd. Potential to pass through water costs to permanent residents as well as add full service sites to water-electric sites only. Population of general area has increased 26.7% since 2000 so tremendous growth in the area specifically with retirees as area boasts five full service hospitals. Direct flights daily from Phoenix, Los Angeles,

Las Vegas, Denver and Salt Lake City to Grand Junction.

Rental Survey - Self-Storage FacilitiesRental Survey – RV Park

County

MesaState

Colorado

Estimated Vacancy & Expense

See Actual, Pro Forma, Rent Roll

Age

RV – 1980/Storage -1996

Loan

New Loan

Total Parcel Size

24 Acres

Good Sam Rating

9.5/10/8.5

Water

City

Sewer

City

All Ages Price Per Space/Site: $16,006.09

NET INCOME $378,451

TOTAL ANNUAL PRINCIPAL $255,964& INTEREST PAYMENT

ESTIMATED ANNUAL PRE-TAX $122,487CASH FLOW (SPENDABLE)

PLUS PRINCIPAL REDUCTION YEAR 1 $90,375

TOTAL RETURN $212,862

Address/City

607 Highway 340, Fruita

Capitalization Rate

7.2%

Cash on Cash

9.3%

Total Return Year 1

16.2%

Name of Park Distance Monthly Rent

Junction West RV Park 7.4 miles $500-630

RV Ranch Grand Junction 14.3 miles $485-495

Grand Junction KOA 15.1 miles $490

Name Distance 10x10 10x20 10x30

Storage LLC 10.6 miles $65 $95 $130

T&J Mini-Storage 11.6 miles $70 $100 $140

Cornerstone Storage 12.9 miles $70 $100 $135

Financial Information and Pro Forma

Park shares advertising budget with sister park in Arizona

Jan – Mar show 8% increase in revenue for monthly rental revenue indicating strong winter months. All nightly rentals including cabins raised 5% for summer 2016 plus low gas prices will contribute to big summer

.

Financial Information and Pro Forma

Staffed maintenance and management do majority of R&M for the park as part of salary/rent compensation program

Park hosts a few different events for guests every year. Special events covers said costs

.

Financial Information and Pro Forma

NOI used for valuation

Unit Size Total Units Units Rented Rent

6 x 10 36 28 $52.00

6 x 15 4 4 $60.00

10 x 10 64 52 $65.00

10 x 15 22 21 $80.00

12 x 15 8 8 $93.00

12 x 20 14 11 $115.00

13 x 15 8 7 $87.50

10 x 20 6 6 $104.00

10 x 30 6 6 $128.00

10 x 18 RV Open 17 17 $48.00

10 x 40 RV Open 15 13 $68.00

12 x 30 RV Closed 15 14 $73.00

12 x 60 RV Open 4 3 $83.00

Storage Rent Roll