• $2,200,000 sales price • 38 Permitted RV Sites (plus 3 temp/holding sites) for 41 total sites on county island • City of Mesa water/septic • 99% extended-stay tenancy (can also be operated as a snowbird park) • Cash to new loan • 9.7% cap rate on real numbers, 16% cash on cash return • Individually-metered and direct-billed SRP electric allows for easy permanent tenancy and billing • Updated laundry and restrooms • Perfect park model play with use permit revision • 1997 construction John Sheedy, Vice President [email protected] Cell: 602.821.4666 Fax: 480.717.6955 ARIZONA MAVERIK RV PARK 201 S Crismon Rd. Mesa, AZ 85208 PROPERTY OVERVIEW: For more information, contact exclusive listing agent: HAVING NO REASON TO BELIEVE OTHERWISE, PARK BROKERAGE DOES NOT GUARANTEE INFORMATION WITHIN IS ACCURATE 4552 E DESERT COVE AVE, PHOENIX, AZ 85028

201 S Crismon Rd. Mesa, AZ 85208 · 2019-10-21 · •$2,200,000 sales price •38 Permitted RV Sites (plus 3 temp/holding sites) for 41 total sites on county island •City of Mesa

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• $2,200,000 sales price

• 38 Permitted RV Sites (plus 3 temp/holding

sites) for 41 total sites on county island

• City of Mesa water/septic

• 99% extended-stay tenancy (can also be

operated as a snowbird park)

• Cash to new loan

• 9.7% cap rate on real numbers, 16% cash

on cash return

• Individually-metered and direct-billed SRP

electric allows for easy permanent tenancy

and billing

• Updated laundry and restrooms

• Perfect park model play with use permit

revision

• 1997 construction

John Sheedy, Vice President

[email protected]

Cell: 602.821.4666 Fax: 480.717.6955

ARIZONA MAVERIK RV PARK201 S Crismon Rd.Mesa, AZ 85208

PROPERTY OVERVIEW:

For more information, contact exclusive listing agent:

HAVING NO REASON TO BELIEVE OTHERWISE, PARK BROKERAGE DOES NOT GUARANTEE INFORMATION WITHIN IS ACCURATE

4552 E DESERT COVE AVE, PHOENIX, AZ 85028

Page 2: 201 S Crismon Rd. Mesa, AZ 85208 · 2019-10-21 · •$2,200,000 sales price •38 Permitted RV Sites (plus 3 temp/holding sites) for 41 total sites on county island •City of Mesa

For more information, contact: JOHN SHEEDY | [email protected] | 602.821.4666

ARIZONA MAVERIK RV PARK201 S Crismon Rd.Mesa, AZ 85208

Page 3: 201 S Crismon Rd. Mesa, AZ 85208 · 2019-10-21 · •$2,200,000 sales price •38 Permitted RV Sites (plus 3 temp/holding sites) for 41 total sites on county island •City of Mesa

NET INCOME: $213,805

Total Annual Principal Payment $108,036

Estimated Annual Pre-Tax Cash Flow $105,768

Plus Principal Reduction Year 1 $31,753

Total Return $137,521

38 Permitted Sites, City Water, Individually -Metered SRP Meters on Each Site

Down payment of $660,000 or 30%. New bank loan of $1,540,000 with monthly payments based on a 25-year amortization at 5% is $9,003 per month or $108,036 annually.

Arizona Maverik is a turnkey 38 Site RV park located in a County island in Mesa, Az (metro Phoenix) thatcaters mostly to an extended stay RV clientele. It is on a major street (Crismon Rd) located 1.3 milesNorth of the 60 Freeway and 1.3 miles East of the 202 Freeway. The park is available at a 9.7% cap rate on actual numbers!!!The park was built in 1997 with larger RV sites to accommodate the increasing size of new RVs. IndividualSRP electric meters are located on each site which make it a candidate for Park Model installations withclarification of county use permit. Entrance to the park is currently shared with neighboring park.However the entrance road is owned by seller and it will transfer to the new owner who may want tohave the neighboring park begin full time use of its own separate north-end entrance. This is a cash-flowproperty with increasing rents and/or Park Model installations. This offering will not last long!

Current Rates: Monthly $495 - 525 + Elec. /Minimal Short-Term Tenants – Daily - $40 and Weekly $225Occupancy – 99%

PLEASE DO NOT DISTURB TENANTS OR MANAGEMENT IF VISITING PARK. THEY ARE NOT AWARE PARK IS FOR SALE. PLEASE KEEP THIS LISTING CONFIDENTIAL.

Estimated Vacancy & Expense

See Actual and Pro Forma , Rent Roll

Capitalization Rate – Pro Forma9.7%

Cash on Cash Return16%

Loan

New Loan – Regional Bank

Age

1997

Total Parcel Size

2.2 Acres