Investment Offering. Maran Mobile Home Park 27 Space Mobile Home Park 200 E. 44th Street Garden City, ID Presented By: Trevor Caster

Transcription

1 Investment Offering Maran Mobile Home Park 27 Space Mobile Home Park 200 E. 44th Street Garden City, ID Presented By: Trevor Caster

2 Confidentiality Agreement SIGN AND RETURN VIA EMAL OR FAX TO: Trevor Caster Thornton Oliver Keller Commercial, 250 S. 5 th 2 nd Floor, Boise, ID trevor@tokcommercial.com Fax: In connection with the offering of Maran MHP, an approximately 27 space mobile home park located at 200 E. 44 th Street in Garden City, ID (the Property ) for sale by Thornton Oliver Keller Commercial, the undersigned has requested copies of the investment offering package for the Property (such package, together with any other documents or information provided through Thornton Oliver Keller Commercial [its Agent ] regarding the Property being referred to collectively below as the Information ). Thornton Oliver Keller Commercial is or will be furnishing the Information to the undersigned on the condition that the undersigned will keep the information confidential. In consideration of the foregoing and other good and valuable consideration, the undersigned hereby agrees that it will keep the Information confidential, and the Information shall not be disclosed to anyone other than the Potential Purchaser s partners, employees, legal counsel and institutional lender (who the undersigned shall require to keep the Information confidential, Related Parties ), for the purpose of evaluating the potential purchase of the property. The undersigned further agrees to promptly return all original copies of the documents included in the Information received by the undersigned, and all photocopies of such documents made by the undersigned and its Related Parties, to Thornton Oliver Keller Commercial if requested to do so in writing. Please do not visit the Property without prior express permission. Please do not contact on site personnel or tenants. The undersigned hereby agrees to not enter the Property and to not contact any on site personnel or tenants or Property Owner in any way either directly or through Related Parties without prior receipt of express permission from Owner. Potential Purchaser hereby indemnifies and holds harmless Property Owner, its Agent and their respective affiliates and successors and assigns against and from any damage, loss, liability or expense, including attorney s fees, arising out of any breach of any of the terms of this agreement. The undersigned certifies that all information relative to this offering will not be disseminated to or used by any principals, agents or parties other than those stated hereunder. Potential Purchaser is acting as a Principal and hereby represents that no other broker or agent is involved on the Potential Purchaser s behalf. Your signature below confirms that you have accepted this registration. POTENTIAL PURCHASER: By: Address: Print Name: Title: Date: Company: Telephone: Fax:

3 Executive Summary Maran Mobile Home Park 27 Space Mobile Home Park 200 E. 44th Street Garden City, ID Actual 9.7% Cap Rate, 11.1% Pro Forma Seller Financing Available Below Market Space Rents 24 Park Owned Homes Included High Demand Central Boise Location Purchase Price $750, Location Address: Location: 200 E. 44th Street, Garden City, Idaho E. 44th Street off of Chinden Blvd. Property Description Type: Mobile Home Community Number of Spaces: 21 Single Wide, 5 Double Wide, and 1 Wood Frame Home Number of Park Owned Homes: 23 and 1 Wood Frame Home Parcel Size: 2.75 Zoning: R-3 Occupancy Physical Occupancy: 100%

4 Property Photographs

5 Property Photographs

6 Aerial Photograph only and do not represent the current or future performance of the property. The value of this transaction depends on many factors which should be evaluated through investigation by your advisors.

7 Locator Maps Chinden Blvd 44th St. Chinden Blvd 44th St.

8 Demographics CENTER POINT: 200 E. 44th street, Garden City, ID Mile 3 Mile 1 Mile

9 Demographics

10 Demographics

11 Boise, ID Area Information Boise, Idaho - The capital of the state, Boise is at the center of commerce, population, and politics in Idaho. But Boise isn t an isolated high desert city. In fact, several smaller communities thrive near Boise, comprising a metro area population of approximately 630,000 people. Experts estimate the MSA population will exceed 710,000 by Boise is also known for more than just potatoes and is an especially vibrant economic environment for high-tech, health care, service, tourism, and retail industries. Many nationally and globally recognized corporations have a home in Boise including Micron Technology, Hewlett Packard, Citi, DirecTV, J.R. Simplot Company, and many others. Forbes consistently touts Boise as one of the best places in the country to do business, raise a family, and to live. And don t forget one of the greatest bowl game victories in the history of college football completed by our own Boise State Broncos in the 2006 Fiesta Bowl! Area Profile Key cities within the Boise MSA Boise 206,470 Meridian 76,510 Eagle 20,140 Nampa 81,920 Caldwell 46,730 Total MSA Population (2011) 649,372 Source: Compass 2011 Population Estimates & Idaho Dept of Labor Employment and Income Total Employment (Ada & Canyon Counties) 256,501 Unemployment Rate 9.4% Per Capita Income $26,115 Median Household Income $56,765 Average Household Income $69,827 Source: Dept. of Labor and STDBonline. Housing Single-Family Homes sold in Ada Co. (2010) 6,260 Median Home Price $177,314 Single-Family Homes sold in Canyon Co. (2010) 3,124 Median Home Price $143,143 Source: Intermountain MLS and STDBonline. Top Employers Micron Technology Hewlett-Packard Company St. Luke s Saint Alphonsus Regional Medical Center Boise Independent School District Meridian Joint School District Idaho Power Company Nationwide Insurance City of Boise DirecTV Ada County Albertsons/Supervalu Citi Idaho National Guard Fred Meyer Wells Fargo Bank Remington Arms Company WDS Global BlueCross of Idaho MWI Veterinary Supply J.R. Simplot Company Source: Boise Valley Spotlight 2011

12 For additional information, please contact: Trevor Caster Investment Group Thornton Oliver Keller Experience Results Main: Direct: Cell: Fax: Website: