Arabian MHP Indio, CA...Disclosures El Rancho MHP pg. 2 The information contained in this Marketing rochure is proprietary and strictly confidential. It is intended to be reviewed

Arabian MHP

Indio, CA

Exclusive Offering of California Commercial Advisors

Kevin Burger 949-375-1301 [email protected] 01441685

Disclosures

El Rancho MHP pg. 2

The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed on-

ly by the party receiving it from California Commercial Advisors and should not be made available to any other person or enti-

ty without the written consent of California Commercial Advisors. This Marketing Brochure has been prepared to provide

summary, 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. California Commer-

cial Advisors has not made any investigation, and makes no warranty or representation, with respect to the income or ex-

penses 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 infor-

mation contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, California

Commercial Advisors has not verified, and will not verify, any of the information contained herein, nor has California Com-

mercial Advisors 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 take appropriate measures to

verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE: California Commercial Advisors is not affiliated with, sponsored by, or endorsed by any com-

mercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended

to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of California Commercial Advisors, its

affiliates or subsidiaries, or any agent, product, service, or commercial listing of California Commercial Advisors, and is solely

included for the purpose of providing tenant lessee information.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT CALIFORNIA COMMERCIAL ADVISORS FOR

MORE DETAILS.

Offering Summary

California Commercial Advisors offers for your investment, the Arabian Mobile

Home Park in Indio, California. This is an all age park in the fast growing Coachella

Valley in Riverside County. This multi-family offering is a high occupancy, long term

tenancy property with room for revenue growth.

The park is permitted for a 83 mobile home lots, and contains a laundry building

that is not currently in service. This property is served by the Indio Water Authority

and the Valley Sanitary District for water and sewer. Asphalt roads are in fair condi-

tion and parking is adequate for tenants and guests. Coaches within the park are a

mix of mobiles and RVs.

There is onsite management and offsite management support to run operations and

secure new tenants.

Rents average $382 a month in a market where comparable rents are $400+. Tenan-

cy is at 87% with 11 vacancies available as upside. Tenants pay for all utilities. Rents

are being raised $10 in April for an increase in annual gross of $8,600 for the coming

twelve months.

The park is located one block off of Indio Boulevard just south of Golf Center Park-

way. It is adjacent to a large vacant lot and some industrial/retail fronting Indio

Boulevard. The park is surrounded by single family residences, apartments and re-

tail.

46 200 Calhoun Street, Indio CA 92201

Total Spaces: 83

Tenant Owned Homes: 72

Park Owned Homes: 0

Average Lot Rent: $382

Tenants billed for water, electric, gas, trash & cable

Municipal Water & Sewer

Acreage: 6.61

Vacant Spaces: 11

Offered at $3,100,000

Cap Rate of 6.2%

Arabian MHP pg. 3

Price per Space: $39,759

Arabian MHP pg. 4

Space # Current rent Space # Current rent Space # Current Rent

1 $ 377.78 29 $ 381.67 57 $ 381.67

2 $ 380.00 30 $ 381.67 58 $ 386.77

3 $ 381.67 31 $ 381.67 59 $ 381.67

4 $ 381.67 32 $ 351.03 60 $ 377.78

5 $ 381.67 33 $ - Vacant 61 $ 381.67

6 $ 381.67 34 $ 381.67 62 $ 381.67

7 $ - Vacant 35 $ 391.87 63 $ 386.77

8 $ 381.67 36 $ 381.67 64 $ - Vacant

9 $ 381.67 37 $ 381.67 65 $ 375.00

10 $ 381.67 38 $ 375.00 66 $ 381.67

11 $ 381.67 39 Vacant 67 $ 370.43

12 $ 371.45 40 $ 378.89 68 $ 381.67

13 $ 391.87 41 $ 381.67 69 $ 381.67

14 $ 381.67 42 $ 377.78 70 $ 381.67

15 $ 378.89 43 $ 381.67 71 $ - Vacant

16 $ 381.67 44 $ 381.67 72 $ 381.67

17 $ 381.67 45 $ 381.67 73 $ - Vacant

18 $ 381.67 46 $ 381.67 74 $ 386.77

19 $ 381.67 47 $ 381.67 75 $ 381.67

20 $ 381.67 48 $ - Vacant 76 $ 377.78

21 $ 375.00 49 $ 386.77 77 $ 391.87

22 $ 381.67 50 $ 381.67 78 $ 381.67

23 $ - Vacant 51 $ 381.67 79 $ 381.67

24 $ 402.09 52 $ 381.67 80 $ 381.67

25 $ 381.67 53 $ 378.89 81 $ 381.67

26 $ - Vacant 54 $ 420.00 82 $ 381.67

27 $ 381.67 55 $ - Vacant 83 $ - Vacant

28 $ 381.67 56 $ 381.67

$ 8,778.22

$ 9,547.14 $ 9,166.95 $ 27,492.31 Monthly Base Rents

$ 329,907.72 Annual Base Rents

$ 381.84 Average Monthly Rent

87% Current Occupancy

Rent Roll: As of December 2018

Arabian MHP pg. 5

Financial: Full year 2018 not available as of publication. 2018 annualized from 1/2018-9/2018

2018 annualized

Income from Rents $329,908 $ 3,100,000 Sale Price

6.2% Cap Rate

Passthru Water $14,755

Passthru Electric $65,958

Passthru Gas $12,129

Passthru Trash $14,505

Passthru Cable $32,847

Passthru totals $140,194

Gross Income $470,102

Expenses % of Gross

Taxes $37,603 8.0%

Electric $76,522 16.3%

Water $20,223 4.3%

Gas $6,813 1.4%

Trash $24,588 5.2%

Sewer $25,979 5.5%

Cable $17,827 3.8%

Repairs/Mainten $5,487 1.2%

Insurance $7,200 1.5%

Management $12,657 2.7%

License and Permits $3,212 0.7%

Supplies $600 0.1%

Phone $1,757 0.4%

Professional Fees $750 0.2%

Billing/Credit Check $2,257 0.5%

Payroll $33,800 7.2%

59.0%

Total Expenses $277,275

NOI $192,827

Arabian MHP pg. 6

APN: 612-100-001 6.61 Acres

Arabian MHP pg. 6

Calh

oun St Indio Boulevard

Arabian MHP pg. 6

Calhoun Street

Arabian MHP pg. 6

Indo Boulevard

Arabian MHP pg. 7

Arabian MHP pg. 8

Arabian MHP pg. 9

6.61 Acres

Location

Arabian MHP pg. 10