OFFERING MEMORANDUM McCloud RV Resort · 2019-01-03 · Large “Big Rig” Sites Satelite-Dish...
Transcript of OFFERING MEMORANDUM McCloud RV Resort · 2019-01-03 · Large “Big Rig” Sites Satelite-Dish...
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McCloud RV ResortBeautiful RV Park at the foot of Mt Shasta
OFFERING MEMORANDUM
REPRESENTED BY Vince ReynoldsSenior Vice President858.369.3082 [email protected] #01173989
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The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.
This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, current or past tax payments, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.kiddermathews.com
TABLE OF CONTENTS
1. Executive Summary ..............................3
2. Property Details ....................................4
3. Property Pricing ....................................5
4. Opportunity Highlights .........................6
5. Site Map.................................................7
6. Location Overview ................................9
7. Facility Use Fees .................................10
8. Kidder Mathews Overview .................11
480 HIGHWAY 89
REPRESENTED BY
Vince ReynoldsSenior Vice [email protected] | Lic #01173989
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3480 Hwy 89 | McCloud, CA
McCloud RV Resort
Beautiful newer RV Park at the foot of Mt.
Shasta with excellent access to fishing,
hiking, whitewater rafting and all that
Northern California’s Cascade Range has to
offer. Built in 1986 and serviced by city water
and city sewer. 7 Fully furnished Stewart
Lodge park model cabins are included in the
sale. 30 and 50 amp sites, large grass tent
area, trout ponds, small creek, bathrooms,
showers. Mostly daily and weekly rentals
with site rents from $33 to $50 per night. Lots
of repeat business from families, clubs and
groups. Potential upside from adding long
terms stays and year round operations.
Executive Summary
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4480 Hwy 89 | McCloud, CA
Property Details
Property Address
480 Highway 89McCloud, CA 96057
Location 10 Miles East of I-5 on Highway 89Northern California, Mt Shasta Area
County Siskiyou
Spaces 130 Spaces Included 7 Rental Park Model Cabins
Parcel Size ±10 AC (Includes Vacant Acreage for Expansion)
Year Built 1986
Spacious Pull-Thru Sites Slide-Out Friendly
Large Back-In Sites Concrete Patios
Full Hook-Ups On-Site Laundry
20/30/50 AMP Electricity Sanitary Cump Station
Cable TV Shaded & Open Sites
Large “Big Rig” Sites Satelite-Dish Friendly
Offering Highlights
Camp Site Amenities
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5480 Hwy 89 | McCloud, CA
Property Pricing
List Price $2,800,000
Price per Space $21,538
Estimated Gross Income $445,000
Total Expense $227,750 (51%)
Net Operating Income $217,250
Please execute the Confidentiality Agreement included herein to obtain additional financial information
Estimated New Loan $1,960,000 at 5% with a 25 Year Amortization
Monthly Payment $4,910
Annual Payment $58,927
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6480 Hwy 89 | McCloud, CA
Opportunity Highlights
5
5
SACRAMENTO
PACIFICOCEAN
LassenNationalForest
Shasta TrinityNational Forest
Sheldon National Antelope Refuge
MendocinoNational Forest
Rogue River-SiskiyouNational Forest
Humboldt-ToiyabeNational Forest
REDDING
MEDFORD
Six RiversNational Forest
RENO
Upside FromYear Round Operations
ExcellentCondition
ConsistentSummer Occupancy
SUBJECT PROPERTY
SAN FRANCISCO YosemiteNational Park
Plumas National Forest
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7480 Hwy 89 | McCloud, CA
Site Map
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8480 Hwy 89 | McCloud, CA
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9480 Hwy 89 | McCloud, CA
Location Overview
Bro
adw
ay A
ve
E Colombero Dr
Sha
sta
Ave
Gro
ve A
ve
Mill Rd
Hal
l Rd
Old Mill Dr
Modoc A
ve
Minnesota Ave
SUBJECT PROPERTY
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10480 Hwy 89 | McCloud, CA
Facility Use Fees
SITE TYPE DESCRIPTION SITE NUMBERS
NIGHTLY
RATE
GOOD SAM
AAA/AARP
MILITARY SHOWERS WATER, SEWER, DUMP
Tent Site Grassy Area Grassy Area $33.00/Night, Includes Tax
$29.70/Night, Includes Tax
$8.00 forNon-Staying Guests
$10.00 forNon-Stayin Guests
StandardBack-In
Water and 30 AMP Electricity, Cable TV
• 48-70• 114• 115
$42.90/Night, Includes Tax
$38.61/Night, Includes Tax
All rates are based on two people
For non-registered guests, water/showersand dump are not free
DeluxeBack-In
Full Hook-Up, 30 AMP Electircity, Water, Sewer, Cable
• 1-22• 23-47• 83A• 105-113
• 116-126• 128-130• 132
$46.75/Night, Includes Tax
$42.08/Night, Includes Tax
PremiumBack-In
Full Hook-Up, 50 AMP Electircity, Water, Sewer, Cable
• 71-83• 88.93
$50.60/Night, Includes Tax
$45.54/Night, Includes Tax
PremiumPull-Thru
Full Hook-Up, 50 AMP Electircity, Water, Sewer, Cable
• 84-87 $50.60/Night, Includes Tax
$45.54/Night, Includes Tax
Additional Peopleand Guest Passes
$2.20
Pet Fee $1.00
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11480 Hwy 89 | McCloud, CA
Kidder Mathews Overview
1,500+
49.5M SF
700+
$7B
18.6M SF
30.9M SF
Staff/Professionals
Annual transaction total
Annual sales
Annual leases
Portfolio
PROPERTY MANAGEMENT
Appraisals annually
VALUATION ADVISORY
COMMERCIAL BROKERAGEAWARD WINNING
SERVICES
2001-2016
San Diego Business Journal Largest CRE Firms
2 times
Largest CRE Firm in San Francisco
12 times
Bay Area News Group Top Places to Work
5 times
PSBJ Largest Commercial Real Estate Firm
17 times
Largest CRE Firm in Silicon Valley
10 times
Commercial BrokerageProperty ManagementValuation AdvisoryConsultingProject & Construction ManagementDevelopment ManagementSustainability Practices
SERVICES
SAN DIEGO
ORANGE COUNTYINLAND EMPIRE
PHOENIX
SEATTLE
SOUTH SEATTLETACOMA
OLYMPIA
PORTLAND
SAN FRANCISCO
SACRAMENTO
SILICON VALLEYREDWOOD SHORES
BELLEVUE
RENOROSEVILLE
CARLSBAD
LOS ANGELES COMMERCE
LONG BEACHEL SEGUNDO
Kidder Mathews is the largest independent commercial real estate
firm on the West Coast, with more than 700 real estate professionals
and staff in 21 offices in Washington, Oregon, California, Nevada, and
Arizona. We offer a complete range of brokerage, appraisal, property
management, consulting, project and construction management, and
debt & equity finance services for all property types.
WASHINGTON
# Brokers...... ............................... 119 # Property Managers .................... 22 # Appraisers .................................. 24
OREGON
# Brokers................. ...................... 34 # Property Managers ...................... 6 # Appraisers .................................... 2
CALIFORNIA
# Brokers..... ................................ 158 # Property Managers .................... 19 # Appraisers............. ..................... 11
ARIZONA
# Brokers..... .................................. 12 # Property Managers ...................... 1 # Appraisers .................................... 1
NEVADA
# Brokers..... .................................. 10 # Property Managers ...................... 1
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12480 Hwy 89 | McCloud, CA
Kidder Mathews (“Broker”) has been retained by the owner (“Owner”) of the property (“Property”), to act as the exclusive representative of Owner in connection with a potential sale. Investor acknowledges and agrees that Broker will make such Confidential Information available to Investor and its Agents only upon execution of this agreement and/or the discretion of Owner. Investor (“___________________________________________________”) agrees to be bound by the terms of this agreement and understands that all property information provided in this offering is intended for the sole use as a qualified investor and/or as a representative Agent. Investor/Agent acknowledge that the information provided and any additional information about this property will be kept confidential and is not to be redistributed. Investor/Agent shall secure the written agreement of any related parties, experts, consultants, real estate brokers or agents (“Associates”) who are provided access to all or part of any Confidential Information to abide by the terms of this Agreement in the same manner and to the same extent as Investor/Agent. Investor/Agent shall be responsible for Associates’ faithful compliance with the terms of Agreement. Investor/Agent also agrees that they nor any affiliated party will not visit the property or discuss park matters with any residents, employees, management, government agencies or lessee without the approval of the Owner and/or Broker. This Agreement shall commence upon the date Confidential Information is first provided to Customer or the Effective Date of this Agreement, whichever is sooner, and shall expire six (6) months after discussions involving Customer pertaining to the Property terminate. Notwithstanding the termination of this Agreement, its terms and non-circumvention obligations shall survive for a period of twelve (12) months thereafter and shall apply to all previously disclosed Confidential Information.
Confidentiality Agreement
Investor:
Title:
Title:
Date:
Date:
Investor Representative (Agent):
Title:
Title:
Date:
Date:
AGREED AND ACCEPTED
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Contact
REPRESENTED BY
Vince ReynoldsSenior Vice President 858.369.3082 [email protected]# 01173989
12230 El Camino Real, 4th FloorSan Diego, CA 92130
kiddermathews.com
Do not contact manager or residents. Listing broker must approve all property visits.
Absolutely no contact with tenants, management, lessee or any governmental agency without approval
from listing broker.