For Sale $1,579,990 RV Storage Park & Facility

1051 W 7th Street, Perris, Riverside County CA 92570 APN# 326-240-055

CALL BEFORE SHOWING, DO NOT GO DIRECT Noble R. Tucker Jr., Broker DRE#01240497, Realtor®

Cell Phone (951) 440-2222 or E Mail: mmtucker@aol.com

“Astra Rv & Mini Storage” is currently operating as an open space RV and & storage facility with 152 spaces/units available (138 are currently rented). There are also storage sheds on the property that are available for rent. The facility has a cool movie theme with different parts of the park being different themes “Hollywood, country western”. The facility is fully fenced with a keypad & electronic metal gate at the entrance. The facility has stadium lighting which allows for a good visibility & safety at night. The property has one manufactured home on site that is about 1,700 square feet with 3 bedrooms & 2 bathrooms with a large back yard which be used as owner/manager apartment. There is also a separate building which is utilized as an office, attached garage for storage/supplies, large meeting room, & one restroom. The RV roads are gravel which keeps the RV’s cool on warm sunny days. RV spaces are primarily gravel spaces. Historically, the facility has posted solid year-to-year increases, high occupancy rates, and the owner has strong historical income verification upon request. In addition, there is a computerized management system for record keeping and on-site management operations and a web site “astrastorage.net”. The facility d0es not have a “dump station” or wash rack. Property is perfect for a passive income stream with plenty of upside potential. Please call Noble R. Tucker Jr., MAI, SRA, AI-GRS, Broker at 951-440-2222 or email mmtucker@aol.com to schedule a private showing. DO NOT GO DIRECT AND DO NOT DISTURB THE ON-SITE MANAGER OR TENANTS.

ADDITIONAL PHOTOGRAPHS OF THE FACILITY

STORAGE FACILITY LAYOUT

PRO FORMA – OPERATING INCOME & EXPENSE STATEMENT

PRO FORMARV Storage & StorageAstra Self Storage

# Of Rentable Monthy Rent SCHEDULED GROSS INCOME Units Units Only Pro Forma Annual RentUnit/Space Rentals 152 138 $13,830.00 $165,960.00Office Space $0.00 $0.00Office Space $0.00 $0.00Prepaid Rent $0.00 $0.00Administrative/Service $0.00 $0.00Late Fees $0.00 $0.00Sale of Goods $0.00 $0.00Retained Deposits $0.00 $0.00Misc. Income $0.00 $0.00Total Gross Income $13,830.00 $165,960.00

Annual Gross Income $165,960.00Vacancy Actual 9.2% $15,284.92Effective Gross Income $150,675.08

Expenses Per FIXED EXPENSES Unit Expense amt No UnitsReal Estate Taxes 1.157810% $120.35 $18,293.40 152 Actual Tax Rate 1.15781% Special Assesments $0.42 $64.02 152 ActualReal Property Insurance $19.74 $3,000.00 152 Actual Insurance $3,000 year

VARIABLE EXPENSESOn-Site Management $78.95 $12,000.00 152 Manager/Unit Free RentOff-Site Management @ 0.00% $0.00 $0.00 152 OwneLicense & Permits $1.64 $250.00 152 ForecastedGeneral & Administration $19.74 $3,000.00 152 ForecastedAnswering Service $6.32 $960.00 152 Actual $80 monthAdvertising Billboard $7.89 $1,200.00 152 Actual $100 monthSoftware Storage Commander $11.84 $1,800.00 152 Actual Storage Commander $450 QuarterUtilities Water $6.32 $960.00 152 Actual $80 monthUtilities Electrical $19.74 $3,000.00 152 Actual $250 monthAlarm $6.00 $912.00 152 Actual $76 monthUtilities Gas $4.74 $720.00 152 Actual $60 monthRepairs & Maintenance $0.00 $0.00 152 ForecastedTrash $0.00 152 Included in waterTelephone $15.79 $2,400.00 152 Actual Telephone Internet TVMiscellaneous $39.47 $6,000.00 152 Misc Fees $500 monthReserves @ 1.00% $9.91 $1,506.75 152 Forecasted

Total Expenses $368.86 $56,066.17 152 $56,066

Net Operating Income $94,609

Overall Capitalization Rate 6.00%

PRO FORMA $1,576,815PRO FORMA Rounded $1,580,000

OVERALL CAPITALIZATION RATE TRENDS

Figure 1 Source: Costar - All California Transactions $1,000,000 to $5,000,000 over the past 2 years

Property Address Property City Sale Price Sale Date Actual Cap Rate %1639 N Guam St Ridgecrest $1,900,000 3/27/2020 6.9321592 Bundy Canyon Rd Wildomar $1,000,000 3/9/2020 5.008709 Painter Ave Whittier $2,500,000 3/5/2020 5.372809 N Schnoor Ave Madera $4,100,000 2/27/2020 6.0015 Del Fino Pl Carmel Valley $3,894,500 2/13/2020 5.652809 N Schnoor Ave Madera $3,900,000 11/26/2019 6.012680 Garey Ave Pomona $4,950,000 10/30/2019 6.001427 W 228th St Torrance $2,900,000 10/18/2019 6.844753 Hazel Ave Fair Oaks $1,425,000 10/11/2019 6.507932 Leslie Ln Highland $1,100,000 9/30/2019 6.86539 Olive Ave Vista $2,650,000 9/10/2019 4.568671 Folsom Blvd Sacramento $3,085,000 8/16/2019 5.756155 Stockton Blvd Sacramento $2,425,000 8/16/2019 5.757455 Stockton Blvd Sacramento $2,225,000 8/16/2019 5.75624 Country Club Blvd Big Bear City $1,350,000 6/28/2019 5.7017350 Cattle Dr Rough And Ready $3,500,000 4/30/2019 6.251877 Massachusetts Ave San Bernardino $2,700,000 1/31/2019 4.0022200 Solar Dr Red Bluff $1,550,000 1/18/2019 6.751655 Bunyan Rd Susanville $1,250,000 1/17/2019 6.528680 W Stockton Blvd Elk Grove $2,225,000 11/6/2018 5.96120 S Chowchilla Blvd Chowchilla $1,600,000 10/31/2018 6.003261 Ash St Palo Alto $3,015,000 10/5/2018 4.291180 N State St Hemet $3,255,000 9/4/2018 6.23621 Railroad Ave Fairfield $4,600,000 8/28/2018 5.1118716 Oxnard St Tarzana $4,767,750 6/15/2018 5.2516422 Adelanto Rd Adelanto $3,400,000 5/31/2018 6.5032045 Yucaipa Blvd Yucaipa $4,265,000 5/17/2018 5.28220 W Valley Blvd Rialto $4,250,000 5/2/2018 6.61590 National Ave Tahoe Vista $3,600,000 4/27/2018 5.20

Minimum 4.00Maximum 6.93

Mean 5.81Median 5.96

Mode 6.00

OVERALL CAPITALIZATION RATE TRENDS

Figure 2 Source: Costar - All California Transactions within the past 2 years.

RV INDUSTRY AT A GLANCE

Figure 3 Source - IBISWORLD.COM

Operators in the Recreational Vehicle Manufacturing industry produce motor homes, recreational vehicles (RVs) and travel trailers. The industry has grown significantly over the past five years as rising disposable income and consumer confidence have encouraged consumers to purchase RVs. Additionally, industry demand has improved as a result of US residents taking more domestic trips, since RVs and travel trailers are mostly used for domestic travel. Consequently, industry revenue is expected to surge at an annualized rate of 7.6% to $23.3 billion over the five years to 2018, including an 8.8% increase in 2018 alone. Increased access to credit is also expected to drive industry revenue growth. As consumers’ access to credit has increased, they have been more likely to finance big-ticket purchases, such as travel trailers and motor homes. As a result, downstream RV and motor home dealers have renewed demand for shipments from industry operators. Amid stronger demand, many industry operators are expected to expand production capacity. Over the five years to 2018, the number of industry establishments is expected to grow at an annualized rate of 1.7% to 781 locations. Industry revenue is expected to increase alongside continued economic growth as disposable income and consumer spending gradually improve. Additionally, demographic trends such as the retirement of baby boomers will continue to drive growth. However, the industry will experience increased pressure from depleted consumer sentiment as well as environmental regulations regarding fuel emissions, rising oil prices and interest rates. These combined factors should hamper the rate of industry growth moving forward. Over the five years to 2023, industry revenue is forecast to increase at an annualized rate of 1.6% to $25.3 billion. Number of adults aged 50 and older RV owners are predominantly retired individuals between the ages of 50 and 70. Consequently, an increase in the number of people aged 50 and older boosts industry demand. Retired baby boomers are expected to flock to the RV lifestyle in a manner similar to previous generations. The total number of adults aged 50 and older is expected to increase in the forthcoming years.