A 74 Lot MH & RV Community Investment Opportunity - $1,540,000

Country Club MH Manor1200 E Country Club Rd Roswell, NM 88201

OFFERING MADE EASY!

Step 1Review the Marketing Folder: CLICK HERE

Step 2Speak with an Agent familiar with the deal: Call: (720) MHP-4YOU

Step 3Make an offer (Use our template or use your own)

• PSA Template in Marketing Folder

Send offers to:

Sallie WhitehurstOffice ManagerSallie.Whitehurst@MarcusMillichap.com

PROPERTY DESCRIPTIONRoswell, NM (Roswell MSA) - Well located MHP with plenty of up-side in

strong market. The park has 60 MH lots paying an average lot rent of $289 per

month and 14 RV lots paying an average of $312 per month. There are a total of

34 park owned mobile homes and 6 park owned RV units. 7 park owned homes

are vacant.

Country Club Mobile Manor is an all ages community and has public sewer and

city water, direct gas and electricity. All homes have been upgraded to 100 amp

services. The park owned homes are in good shape with the majority of them

being 60’s and 70’s models. The privately maintained roads are paved and in

average condition as our offering price suggests. The park is not in a flood zone.

Located in a excellent location near all amenities, just minutes to downtown and

within 3 miles of Super Wal Mart. This park is being offered as a stabilized

investment with a 8.22% normalized cap rate on current lot rent using a 39.6%

expense ratio. We are looking for cash offers, however recourse bank debt

should be available for this deal.

At full price, using bank debt (5.5% interest, 20 YR AM, 35% down) the overall

Total Return for the park is 18.8% on normalized actuals and 25.3% on Pro

Forma. The price per lot is $14,784 and includes full infrastructure for each lot.

Each POH is priced at $8,000 per home and each park owned RV is priced at

$3,000. We are asking our investors to submit offers at or above $1,540,000 for

the entire park including POH and Land.

Investment HighlightsRecently upgraded lots to 100 amp services

Strong upside through POH conversion and

improved operations

MHP friendly municipality

Direct bill on Gas & Electric

RV Storage on vacant land

Price Per Lot $14,784, Price Per POH $8,000

Priced to Sell

An additional 10 acres of land conveys with

the sale and has the possibility of development

for additional lots with the city’s approval.

Known IssuesPark could use some landscaping

improvements

Homes may need some renovations

RENTAL UNITS & INVESTMENT SUMMARY

PROPERTY EXPENSES

LOCAL MARKET INFORMATIONRoswell is a city in, and the seat of, Chaves County in the U.S. state of New

Mexico. As of the 2010 census it had a population of 48,163 making it the fifth-

largest city in New Mexico. It is a center for irrigated farming, dairying,

ranching, manufacturing, distribution, and petroleum production. It is also the

home of New Mexico Military Institute (NMMI), founded in 1891. Bitter Lake

National Wildlife Refuge is located a few miles northeast of the city on the Pecos

River. Bottomless Lakes State Park is located 12 miles (19 km) east of Roswell

on US 380.

The Roswell UFO incident was named after the town, though the crash site of

the alleged UFO was some 75 miles (121 km) from Roswell and closer

to Corona. The investigation and debris recovery was handled by the

local Roswell Army Air Field. Roswell's tourist industry is based on alien-

themed stores, museums, and other businesses.

PARCEL OUTLINE

AREA MAP

PICTURES

SALES AGENT

SENIOR BROKERIn the 18 years Glenn has been in commercial real estate, He has successfully transacted more than 235properties for his clients. In 2018 alone, Glenn sold 36 mobile home communities as a solo broker. In additionto his work as a broker, Glenn has owned and operated mobile home parks, run a number of small businesses,and owned other commercial real estate assets.

Glenn joined Marcus and Millichap in 2019 with the vision of assisting buyers and sellers Nationwide withtheir manufactured housing transaction needs. His team is quickly gaining a reputation as one of the topbrokerage teams in the industry.

Glenn is married to his lovely wife, Cassidy, and has three children. Glenn resides in Wilmington, NC.

Glenn EstersonVice President

Michael EscobedoAssociate

Michael Escobedo began his professional career in real estate brokerage in 2018 by joining the Phoenix Marcus &Millichap team. Thus far, Michael has received mentorship from some of the top performing professionals in thecompany and was awarded the distinguished “Pace Setter Award” in early 2019 , an award given only to agents whomeet the highest company standards during their first four months with the firm.

In June of 2019, Michael joined Glenn Esterson and now focuses on manufactured home park sales nationwide andthroughout Canada. Michael brings an unparalleled level of professionalism and service to his clients and his work ethicand dedication is routinely mentioned and admired by both his co-workers and clients.

Prior to joining the Marcus & Millichap family, Michael was a distinguished collegiate wrestler at Michigan StateUniversity and was a 2x individual Indiana state champion while in High School. Michael received his bachelors degree insocial science in 2007.

NON-ENDORSEMENT & DISCALAIMER NOTICE

CONFIDENTIALITY & DISCLAIMER

The information contained in this marketing brochure is proprietary and strictly confidential. It is intended to be reviewed by the party receiving itfrom Marcus & Millichap. This marketing brochure has been prepared to provide summarized, unverified information to prospective purchasers, andto establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough duediligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income orexpenses for the subject property, the future projected financial performance of the property, the size and square footage of the property andimprovements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with state and Federal regulations, thephysical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions tocontinue its occupancy of the subject property. The information contained in this marketing brochure has been obtained from sources we believe tobe reliable, however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichapconducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness ofthe information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is aservice mark of Marcus & Millichap Investment Services, Inc.@2018 Marcus & Millichap, All rights reserved.

NON-ENDORSERMENT NOTICE

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. Thepresence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said occupation ofMarcus & Millichap, its affiliates or subsidiaries, and any agent, product, service, or commercial listing of Marcus & Millichap, and is solely intended forthe purpose of providing tenant lease information about this listing to prospective customers.

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