Oak Grove MHP & Self Storage 5420 Houston Rd, 31 trailer pads with trailers, 2 lot rentals, 1 Brick house and 62 Self-Storage 11% CAP Rate Based on Actuals 4.75 Acres of Land Up-side Potential SELLER FINANCING AVAILABLE! TERMS BASED ON BUYERS QUALIFICATIONS! Pete Peterson KW Commercial Broker (520) 477-7350 PCGKWCommercial@gmail.com Angelica Quintana Associate (520) 477-7350 PCGKWCommercial@gmail.com 1849 North Kolb, Suite 101 Tucson, AZ 85715 520-886-8282 (p) 520-721-5240 (f) www.petersoncommercialgroup.com
TABLE OF CONTENTS Property Description... 3 Property Photos... 4 Executive Summary... 5 Attachment 1... Attachment Attachment 2... Attachment
PROPERTY DESCRIPTION Mobile Home Park and Self Storage Units Macon, GA This park is located in the heart of Georgia the current space mix consists of 31 trailer pads with trailers, 2 lot rentals, 1 Brick house and 62 selfstorage units. Property is sitting on 4.75 acres of land. Utilities: Water, Gas, Electric, Sewer SELLER FINANCING AVAILABLE: $100,000 down, balance financed at 8% with a 20 year Amort with a 5 year balloon. LOAN TERMS MAY VERY UPON STATE RULES, REGULATIONS AND QUALIFICATIONS. BUYERS Macon is a city located in central Georgia, United States. Founded at the fall line of the Ocmulgee River, it is part of the Macon metropolitan area, and is the county seat of Bibb County. Current Population 91,234 (2012). p. 3
5420 Houston Rd PROPERTY PHOTOS Oak Grove MHP & Self Storage Units Macon, GA p. 4
EXECUTIVE SUMMARY ACQUISITION COSTS Purchase Price, Points and Closing Costs $720,000 Investment - Cash $0 INVESTMENT INFORMATION Purchase Price $720,000 Price per Unit $7,500 Price per Sq. Ft. NA Income per Unit $2,105 Expenses per Unit ($804) INCOME, EXPENSES & CASH FLOW Gross Scheduled Income $202,080 Total Vacancy and Credits ($45,343) Operating Expenses ($77,138) Net Operating Income $79,599 Debt Service $0 Cash Flow Before Taxes $79,599 FINANCIAL INDICATORS Debt Coverage Ratio N/A Capitalization Rate 11.06% Gross Rent Multiplier 3.56 Gross Income / Square Feet $0.00 Gross Expenses / Square Feet $0.00 Operating Expense Ratio 49.22% p. 5
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