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Executive Summary Blue Sky Services is pleased to present an outstanding opportunity to acquire a Mobile Home Park in Chapel Hill, North Carolina. This 21.6 acre site is uniquely located in Chapel Hill, proximate to UNC-Chapel Hill, Duke University, a short drive to Research Triangle Park and also Chatham Park, a 7,000 acre master planned community under Development. The property accommodates (60) Mobile Homes, each with its own electrical, water, and septic system. The yards are well landscaped and maintained and the property is operating at approximately 90% occupancy. With few moderately priced housing choices in the area, this property is an excellent investment opportunity. Financial and operating information will be available to prospective buyers once a Confidentiality Statement is signed by buyer and approved by the seller. Chapel Hill is home to UNC-Chapel Hill and a resident population of approximately 59,000. Chatham Park encompasses approximately 7,000 acres of commerce, homes, schools, nature and recreation. Nearby Research Triangle Park (The RTP) is a mere 19 miles from the site and is known as one of the oldest and largest science parks in North America, with a 7,000 acre campus, home to 200+ companies and over 46,000 full-time employees. 60 Mobile Home Sites on 21.6 Acres Quiet and Stable Community in lush surroundings Convenient to Major Area Employers Excellent, moderately-priced housing choice 8 Minutes to Carrboro - 10 Minutes to Downtown Chapel Hill Minutes to 15-501, and Interstate 40 68,544 Population within 5 Miles FOR SALE $2,100,000 vincenzo@
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POPULATION Chapel Hill 59,246 2016 est Orange County 140,144 2015 est 2000 Ridgewood Rd 1 mile 3 miles 5 miles Population 828 25,458 68,544 Employees 686 20,385 55,506 Average Age 40.50 35.40 34.00 % Employed 73.62% 71.33% 61.39% HOUSEHOLDS 1 mile 3 miles 5 miles Total Households 310 11,191 25,729 Avg HH Income $128,871 $93,007 $99,361 We recognize we can t solve the affordable housing problem by ourselves here in Chapel Hill. There s no one jurisdiction that has the answer, said Loryn Clark, Chapel Hill s executive director of housing and community. But making a bigger impact will require working with Orange County, Carrboro and Hillsborough. - News & Observer, January 4, 2017 vincenzo@
The information contained in this Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party(ies) receiving it from Blue Sky Services Real Estate LLC and should not be made available to any other person or entity without the written consent of Blue Sky Services Real Estate LLC. If you are not the intended recipient, you are hereby notified that any retention, dissemination, duplication, forwarding, copying or taking any action in reliance on the contents of this information is strictly prohibited. If you receive this Offering Memorandum in error, whether in electronic or printed form, please notify the sender and destroy the document. This Offering has been prepared to provide a summary of unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Blue Sky Services Real Estate LLC has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB s or asbestos, the compliance with state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering has been obtained from sources we believe are reliable; however, Blue Sky Services Real Estate LLC has not verified, and will not verify, any of the information contained herein, nor has Blue Sky Services Real Estate LLC conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must verify all of the information set forth herein. vincenzo@