WELL MAINTAINED RV PARK IN REDDING

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1 WELL MAINTAINED RV PARK IN REDDING 4810, 4812, AND 4818 WESTSIDE ROAD, REDDING, CA RYAN HAEDRICH, CCIMCIM Owner/Associate D x107 M CA CalDRE #

2 SUMMARY OF FACTS PROPERTY OVERVIEWVIEW Well maintained RV Park with auto lot/shop building and single family home for sale. Located in Northern California where recreational opportunities abound! The park is located on 4.35 acres within the City of Redding. The area is improved with mature landscaping and is secluded and quiet. Customers end up coming back year of year for the atmosphere and management of the park. Park features 33 concrete, back-in pads, paved road within park, 30/50 amp full hookups including cable TV and wifi throughout park, laundry room, lawn area and mature shade trees at each space. High occupancy year round. Beautiful in-ground, fenced swimming pool highlights a covered patio area with waterfall and koi pond. Shuffle board court is also adjacent to park. (There are no bathroom or shower facilities). PROPERTY SUMMARY Sale Price: $995,000 Number Of Spaces: 33 RV Spaces Lot Size: 4.35 Acres Multiple Buildings: Yes Park has mature landscaping, fruit and shade trees, and 2 large lawns for pet area. Property includes a 2,200 sq ft, single-family residence (SFR) with 3 large bedrooms, 2 full baths, carport, indoor laundry, storage room, large covered patio in the back and large, landscaped yard front and back. Double-wide mobile home located between park and SFR included in sale with front partitioned off for RV Park office. There is a 1,872 sq ft, 4-bay shop (currently used for owner storage), with attached laundry room, has potential to be rented out as storage units. Front of property is improved with a 1,280 sq ft 2-bay auto shop with separate, 900 sq ft office for auto repair business. Property is family owned, built, and operated. Owner is 82 and ready to retire. Must see to appreciate this unique investment opportunity. Zoning: Proforma orma Cap Rate: (Only 2015 Financials Available) General Commercial - GC 6.5% PROPERTY HIGHLIGHTS Multiple Income Streams Well Maintained RV Park Centrally Located with Easy Access to I-5 Strong Occupancy

3 PROFORMA Income Approach: Gross Income No. or Sq. ft. Monthly Rent Annual Total Rent Sales Office and Shop 2,218 $1,500 $18,000 Single Family Home 3,088 $1,200 $14,400 Shop/Vehicle Storage 1,860 $651 $7,812 Trailer/RV Spaces 33 $425 $168,300 Manager's Unit Rent 1,432 $750 $9,000 Total Gross Rentable Income $217,512 Vacancy/Collection Factor = 25% ($54,378) Utility Reimbursement $30,000 Misc. Income - Washer/Dryer $5,000 Effective Gross Income $198,134 Less Expenses Taxes $8,800 Insurance $5,000 Advertising $2,000 Contract Labor $7,000 Janitorial Supplies $1,700 Utilities $55,000 Office Expenses $2,500 Dues and Subscriptions $1,500 Maintenance/Reserves $15,000 Legal Fees $2,000 Bank Charges $1,500 Management $25,000 Total Expenses $127,000 Net Operating Income (NOI) NIR= 33% $71,134 Net Operating Income Capitalized at: 6.50% (NOI Cap Rate) = $1,100,000 Value By Income Approach Ranges from $1,100,000

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5 PICTURES OF RV PARK

6 PICTURES OF SINGLE FAMILY HOME

7 FRONT AND AUTO LOT/SHOP

8 GREAT LOCATION

9 Location & Demographics Redding, CA As the largest California city north of Sacramento, Redding is nestled in the scenic heart of Northern California, amid rich culture and heritage, boundless recreation, and magnificent landscapes. One Mile Three Miles Five Miles Population 8,594 52,993 93,115 Avg. Income $41,393 $56,140 $60,440 Households 3,984 22,491 37,257 Redding is 545 miles north of Los Angeles; 162 miles north of Sacramento; 433 miles south of Portland, Oregon; and 592 miles south of Seattle, Washington. In addition, it is uniquely positioned as the midway point of the I-5 Corridor. As the retail hub for Shasta, Tehama, Trinity, and Siskiyou counties, Redding is the predominant central location for Northern California commerce. Shasta County alone has a population of approximately 140,000 people.

10 Acquisitions Leasing Consulting Haedrich & Co., Inc. is a full-service commercial real estate firm established in As our primary mission, the firm seeks to professionally serve its clients in making well-educated decisions concerning the use, management, and operation, acquisition or disposition of commercial real estate. Members of our team are affiliated with The Appraisal Institute, International Council of Shopping Centers (ICSC), and Certified Commercial Investment Member (CCIM). "We build our success on yours..." Hartnell Avenue, Suite A Redding, CA Copyright 2013 Haedrich & Co., Inc.