yucca valley rv 55408 twentynine palms hwy...gross revenue $85,435 $306,000 gross potential income...
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OFFERIN
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Yucca Valley RV 55408 Twentynine Palms HwyYucca Valley CA 92284
GATEWAY TO JOSHUA TREE NATIONAL PARK
Yucca Valley RVCONTENTS
Exclusively Marketed by:Bernie Corea805.284.5334Lic: [email protected]
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent thecurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
01 Executive Summary Executive Summary 5 Location Summary 6
02 Property Description Property Features 8 Property Images 9
03 Financial Analysis Income & Expense Analysis 15
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from Century 21 Butler Realty, Inc. and it should not be made available to any other personor entity without the written consent of Century 21 Butler Realty, Inc.. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such informationin the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offeringmemorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Century 21Butler Realty, Inc.. This offering memorandum has been prepared to provide summary, unverified financial and physicalinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The informationcontained herein is not a substitute for a thorough due diligence investigation. Century 21 Butler Realty, Inc. has not made anyinvestigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the futureprojected financial performance of the property, the size and square footage of the property and improvements, the presence ofabsence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physicalcondition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans orintentions to continue its occupancy of the subject property. The information contained in this offering memorandum has beenobtained from sources we believe reliable; however, Century 21 Butler Realty, Inc. has not verified, and will not verify, any of theinformation contained herein, nor has Century 21 Butler Realty, Inc. conducted any investigation regarding these matters andmakes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potentialbuyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible fortheir costs and expenses of investigating the subject property.
Yucca Valley RV Confidentiality and Disclaimer | 03
CONFIDENTIALITY AND DISCLAIMER:
PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT THE CENTURY 21 BUTLER REALTY, INC. ADVISOR FOR MORE DETAILS.Copyright © 2017 CREOP, LLC. All Rights Reserved.
Yucca Valley RV | Executive Summ
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Executive Summary
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Offering Summary
Location Summary
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OFFERING SUMMARYADDRESS 55408 Twentynine Palms Hwy Yucca
Valley CA 92284
COUNTY San Bernardino
BUILDING SF 2,881
TOTAL ROOMS 17
YEAR BUILT 1998
APN 0586-101-03
FINANCIAL SUMMARY
Yucca Valley RV, strategically-located on 29 Palms Hwy en route toJoshua Tree National Park, is the only approved RV Park in YuccaValley. Yucca Valley RV provides the exclusive opportunity toservice an ever-increasing flow of tourists to Joshua Tree NationalPark. Anchored by Pappy & Harriet’s in Pioneertown, thePioneertown Palace and Joshua Tree, this Park boasts 17 full-service and generous RV spaces, each with an individual BBQ andpicnic table.
The common area has services including laundry, propane grillisland, guest restrooms, and showers. In addition to the park officethere is a 700 s.f, 1/1 apartment to serve as either a manager's orowner's quarters.
Yucca Valley RV is the ideal investment for a retiree or owneroperator wanting to take over a clean, income producing assetwith tremendous upside. The park is presently fully-occupied, with16 out of 17 spaces rented to long-term tenants. There is thedistinct potential for a 12%+ CAP by reverting business back toshort-term rentals.
OFFERING PRICE $975,000
OCCUPANCY 95.00 %
CAP RATE (Pro Forma) 11.42 %
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Yucca Valley is located minutes away from theJohnson Valley’s world-famous off-road vehicle area,as well as all the hiking and equestrian trails in andaround Joshua Tree National Park--not to mentionfantastic rock climbing. Naturalists will enjoy birdwatching, wild flowers and wildlife like none other inSouthern California. Snow sports in Big Bear andwater sports at the Colorado River are only a shortdrive away from our desert town.
About Joshua Tree:Joshua Tree National Park is a vast protected area insouthern California. It's characterized by rugged rockformations and stark desert landscapes. Named forthe region’s twisted, bristled Joshua trees, the parkstraddles the cactus-dotted Colorado Desert and theMojave Desert, which is higher and cooler. Keys Viewlooks out over the Coachella Valley. Hiking trailsweave through the boulders of Hidden Valley.
"Over 2.5 million people visited Joshua Tree NationalPark in calendar year 2016, up over 500,000 from2015. While that is good news for the park andsurrounding communities, it has translated into longentrance lines, full campgrounds and congestedparking." - National Park Service Jan. 2017
Regional Map
Locator Map
Yucca Valley RV | Property Description
Property Description
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Property Features
Aerial Map
Property Images
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Site DescriptionTOTAL ROOMS 17
BUILDING SF 2,881
LAND ACRES 1.28
YEAR BUILT 1998
NUMBER OF BUILDINGS 1
NUMBER OF INGRESSES 2
NUMBER OF EGRESSES 2
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Yucca Valley RV Property Images | 10
Office
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View From Office
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Recreation Area
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Large Spaces with Individual Picnic Tables & BBQ
Yucca Valley RV | Financial Analysis
Financial Analysis
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Income & Expense
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INCOME CURRENT PRO FORMAGross Revenue $85,435 $306,000
Gross Potential Income $85,435 $306,000
Less: General Vacancy $0 $91,800
Effective Gross Income $85,435 $214,200
Less: Expenses $76,978 $102,839
Net Operating Income $8,457 $111,361
Income Notes: Current Owners rent 16/17 spaces to long term tenants at $500/month.In our Proforma, we are maximizing the value of the touristic locationand inferring a new owner would rent the park on a per-night basis atcurrent rents of $50/night.
EXPENSES CURRENT PRO FORMA
Expense Notes: The current expenses are annualized from 2017 YTD Jan 1- Oct 11 P&LStatements. Proforma Property Tax and Transient Occupancy Tax arebased on listed asking price of $975,000 and improved short-term grossrents, respectively.
REVENUE ALLOCATION
DISTRIBUTION OF EXPENSES
Transient Occupancy Tax $757 $14,994
Property Tax $3,101 $10,725
Utilities $31,610 $31,610
Payroll Fee $21,331 $21,331
Professional Fee $6,851 $6,851
Repairs & Maintenance $3,169 $3,169
Pest Control $894 $894
Total Insurance $3,786 $3,786
Dues & Subscriptions $2,473 $2,473
Marketing $0 $3,000
Office Expenses $3,006 $3,006
Other Expenses $0 $1,000
Total Operating Expense $76,978 $102,839
Yucca Valley RV
Exclusively Marketed by:Bernie Corea805.284.5334Lic: [email protected]
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