Offering Memorandum For Sale White Mountain Vacation Village Not included in the sale, owned by the homeowner s association Not included in the sale, owned by the homeowner s association PRESENTED BY Kim Soulé Vice President Office & Industrial Properties direct +1 602 222 5047 Email kim.soule@colliers.com Overview 4101 S White Mountain Road Show Low, AZ 85901 Colliers International has been retained as the exclusive advisor for the Investment Offering for fee simple interest of the White Mountain Vacation Village, an approximately 145 acre mixed-use project located in Show Low, Arizona. The project, zoned PUD through the City of Show Low, is slated for 1,100 recreational vehicle sites, 61 mountain lodges, and 15 fractional interest vacation homes. There are five mountain lodges that are currently available as vacation rentals. Located in the center of the project is a festival area with ponds stocked with fish for catch and release fishing, gazebos, picnic tables, hiking trails and ten workout stations. On-site is an approximately 6,000 square foot clubhouse* with flat screen televisions, stone fireplaces, hardwood floors, kitchen, restrooms, showers, game room, internet room, laundry facilities, as well as an outdoor pavilion and a horseshoe pit which serves as extra amenities for the member s use. An fourteen-acre rodeo arena and amphitheater are constructed on-site and are available for rent, can be sold separately, or sold in conjunction with the complete project. The property, open year-round, is nestled in the tall pines and located next to shopping, dining and medical facilities. Unit 2 is sold out, but included in the sale are approximately 118 developed and undeveloped lots**, along with the arena, amphitheater, and additional land. Offering Highlights Price for total Project Up to 63 cedar-faced Park Model > > Vacation Village individually lodges with sun rooms, decks and priced at $5,000,000 shared or individual single-car carports can be constructed > > Rodeo Arena and Amphitheater for sale at $985,000 ± 15 fractional interest homes can be constructed, with minimum ±145 acre established project 1 ownership equaling 1/8 share Year-round residents Rodeo grounds and amphitheater Club house and recreational facilities available under homeowner s Road, and may be used for single- Included is land, north of Ellsworth association rules family developed sites (upon City approval) Fully furnished vacation rentals are included 1,100 recreational vehicle sites planned * not included in the sale, owned by the homeowner s association ** subject to change as individual lots are sold 1 subject to change as individual lots are sold
Market Summary City of show low overview Show Low was named after a poker tournament played between two of its earliest settlers. Rumor is that the players determined that there was not enough room for both of them in the community and that they would play a game of cards to decide who was to get the 100,000 acre ranch, and who had to move on. According to history it is reported that one of them stated If you can show low, you win. The other turned up the deuce of clubs and replied Show Low it is. The City of Show Low, Arizona is the entrance to the White Mountains for people from both Phoenix and Tucson, and is the largest city in the White Mountain area. Show Low s major economic influence is tourism and Show Low has become one of the major second home destinations in the state. Incorporated in 1953, Show Low has a full-time population of approximately 12,000 residents which increases during the summer season to approximately 28,000 people. The average temperature of Show Low is estimated at a cool 66 degrees, with annual rainfall of around 17 per year. Show Low provides a nice reprieve for those wanting to beat the summer heat of the Phoenix and Tucson areas. WHITE MOUNTAIN OVERVIEW The White Mountains of Arizona border both the Arizona and New Mexico borders and boast to be the second highest range of mountains in the State of Arizona. Complete with lakes and streams, the White Mountains provide residents and campers alike, plentiful fishing, four-wheeling, and with other major outdoor activities. The White Mountains has one of Arizona s largest ski areas and is perfect for snowmobiling, cross-country skiing and downhill skiing at the Sunrise Ski area. The White Mountains reach from Show Low to the Springerville-Eager area, with an eastern boundary of the New Mexico state border, and provides a wide range of hotels, restaurants and outdoor activities. Only 175 miles north of Phoenix and 250 miles north of Tucson, the area is a favorite for young and old alike. City of Show Low Statistics Incorporated 1953 County Navajo County Elevation 6,412 feet above sea level Population 10,660 (2010 census), 30,000 (seasonal estimate) Land Area 65 square miles Average Home Selling Price $215,350 (2011 WMAR MLS) Median Household Income $42,858 (2010 ESRI) Major Industries Tourism, Recreation, Light Manufacturing, Forest Products, Medical Services, Aviation. 1500 West Deuce of Clubs OFFERING MEMORANDUM
The Project Map of Units 2, 3, & 4 Map not to scale White Mountain Vacation Village is a planned unit development that consists of 123 acres of raw land, approximately six acres of lots designated for recreational vehicles 2, and approximately 17 acres for development of mountain lodges as well as the inclusion of existing lodges that are currently being used as vacation rentals. A clubhouse, pavilion 3, and festival area are located in the project are currently developed. Unit 2 of the project is currently sold out but there are two lots, along with the sales office that are included in the purchase. Unit 3 is designated for the Mountain Lodges and includes five vacation rentals that lease from $425-$500 4 per week, or $1,200 4 per month; 55 lots 2 available for sale ranging from $40,000 up to $53,000 4 per lot. The Mountain Lodges can be purchased completely furnished for approximately $140,000 4. Unit 4 has 66 lots 2 and is available to buyers with travel trailers, 5th wheels, motorhomes and Park Models. These lots range in price from $34,000- $54,000 4 which includes permit, utilities, and a basic pad. Unit 2 - Sold Out/Resales Available Unit 3 - Mountain Lodges for Sale Unit 4 - New RV Lots for Sale Rodeo Arena and Amphitheater The rodeo arena and amphitheater are on approximately 14 acres of land. The rodeo arena has been leased on a regular basis for roping practice, barrel racing, rodeos, bull riding and BLM wild horse auctions. Most events can command from $1,500 to $2,000 per day. Both the amphitheater and arena have been used for plays and concerts. These properties can be sold separately for $985,000. 5 Map of Unit 4 Map not to scale available lots subject to change Unit 4 contains 87 RV lots of which 23 have been sold and will be similar in appearance to Unit 2. Unit 4 is for all RV's; which includes Travel Trailers, 5th Wheels, Motorhomes and Park Models. 2 Subject to change as lots get sold 3 Part of the Property Owner s Association, not included in the sale 4 Prices subject to change 5 If sold separately, an individual water hookup will have to be established COLLIERS INTERNATIONAL P. 3
Rodeo Arena & Amphitheater Images CLOCKWISE FROM TOP: Village Arena Entrance View to VIllage Arena Village Arena Amphitheater Fit-Trail - Station 7 1500 West Deuce of Clubs OFFERING MEMORANDUM
Property Map NORTH 1 2 3 12 4 5 6 5 7 8 10 9 11 Parcel numbers and Acreage 1. 210-33-029C - 6.94ac 2. 210-36-029E - 45.6ac 3. 210-33-029D - 9.96ac 4. 212-04-143B - 5.12ac 5. 212-03-159Q - 36ac 6. 212-03-139C - 6.11ac 7. 212-03-139b - 0.19ac Residential lot 8. 212-03-006E - 0.92ac Parking - there is a first right of refusal on this parcel 9. 212-03-117* - 5.35ac 10. 212-03-159E* - 6.10ac 11. 212-03-172B* - 2.23ac 12. Various - ±20.48 AC Consists of individual lots that are for sale *part of the rodeo arena & amphitheater COLLIERS INTERNATIONAL P. 5
PRESENTED BY Kim Soulé Vice President Office & Industrial Properties Direct +1 602 222 5047 email kim.soule@colliers.com COLLIERS INTERNATIONAL 2390 E. Camelback Road, Suite 100 Phoenix, AZ 85016 Main 602 222 5000 www.colliers.com/phoenix Confidentiality & Disclaimer Statement This Offering Memorandum contains select information pertaining to the business and affairs of the Property at White Mountain Vacation Village. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by White Mountain Vacation Village from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum from White Mountain Vacation Village, you agree: 1) The Offering Memorandum and its contents are confidential; 2) You will hold it and treat it in the strictest of confidence; and 3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller. Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of White Mountain Vacation Village or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.