Westside MHP HIGHWAY 80 WEST, Statesboro, GA 30458

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1 EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: Number Of Units: PROPERTY OVERVIEW $149, Cap Rate: 10.16% NOI: $15,190 Lot Size: Building Size: Acres 1,344 Tons of upside here. 23 spaces. 3 homes need torn down. A few are rented and in fair condition. Manager and landscaper get rent comped. 6 space renters at under half of market rents. Private well and septics. Grounds need a good bit of work. Seller inherited the park and has not done a good job of managing it. Property also has a single family house on it. House is in very bad shape. Land value for 10 acres in Statesboro should be around asking price. Possible land bank with income. Or this park is perfect for someone who wants to move some better units in and has the time to manage it. There will not be a lot of due diligence info. No written leases. Needs new management. Location is awesome. LOCATION OVERVIEW Statesboro is a fast growing area. Georgia Southern University is one of the largest in the state and park is less than 4 miles from campus. Great part of GA that is growing. Park is on main highway headed north out of town. 10+ acres on a major highway fairly close to GA Southern University. PROPERTY HIGHLIGHTS Owner Financing Zoning: Price / SF: Mulltifamily $0.32 Great Location Underlying Land Value is Great

2 ADDITIONAL PHOTOS

3 ADDITIONAL PHOTOS

4 UNIT MIX SUMMARY UNIT TYPE COUNT % TOTAL RENT MARKET RENT MARKET RENT/SF SPACE $125 $250 SW UNIT $325 $450 DW UNIT $400 $550 VACANT HOME $450 $450 VACANT LOT $125 $250 TEAR DOWN UNITS $125 $250 Totals/Averages % $4,800 $7,450

5 INCOME & EXPENSES INCOME SUMMARY PROFORMA PER SF REVENUE $36,045 $0.08 Gross Income $36,045 $0.08 EXPENSE SUMMARY PROFORMA PER SF INSURANCE $1,200 $0.00 PROPERTY TAXES $3,100 $0.01 MOBILE HOME TAXES $300 $0.00 UTILITIES $1,350 $0.00 WELL TESTING $1,800 $0.00 MANAGER $3,605 $0.01 LANDSCAPING $5,000 $0.01 REPAIRS & MAINTENANCE $4,500 $0.01 Gross Expenses $20,855 $0.05 Net Operating Income $15,190 $0.03

6 FINANCIAL SUMMARY INVESTMENT OVERVIEW PROFORMA Price $149,500 Price per Unit $6,500 GRM - CAP Rate 10.2% Cash-on-Cash Return (yr 1) 8.9 % Total Return (yr 1) $8,313 Debt Coverage Ratio 1.41 OPERATING DATA PROFORMA Gross Scheduled Income - Other Income - Total Scheduled Income - Vacancy Cost - Gross Income $36,045 Operating Expenses $20,855 Net Operating Income $15,190 Pre-Tax Cash Flow $4,404 FINANCING DATA PROFORMA Down Payment $49,500 Loan Amount $100,000 Debt Service $10,786 Debt Service Monthly $898 Principal Reduction (yr 1) $3,909

7 LOCATION MAPS

8 REGIONAL MAP

9 DEMOGRAPHICS MAP POPULATION 1 MILE 5 MILES 10 MILES Total population ,864 54,986 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households ,215 19,411 # of persons per HH Average HH income $58,241 $40,218 $44,866 Average house value $221,616 $185,915 $189,256 * Demographic data derived from 2010 US Census

10 ADVISOR BIO & CONTACT 1 President & Broker PROFESSIONAL BACKGROUND Joe is a native of Augusta, GA, and currently lives in Columbia County with his wife and five children. He began his career in real estate in 2005 after serving four years in the United States Marine Corps. In 2006 Edge started his own commercial real estate firm and later that year bought out the 90-year-old firm, Sherman & Hemstreet. Currently Sherman & Hemstreet now has more commercial real estate listings and brokers than any other firm in the CSRA. In addition to sales and leasing S&H has grown into one of the largest property management firms in the southeast managing over 4,000 units and over 10,000,000 square feet of space. More recently Sherman & Hemstreet completed the acquisition of McBride Realty and Turner Realty, both local firms. Currently Joe holds the CCIM and SIOR designations. To learn more about these designations go to or MEMBERSHIPS & AFFILIATIONS 624 Ellis St. Augusta, GA T C Certified Commercial Investment Member (CCIM) Society of Industrial and Office Realtors (SIOR)