w w w. c o t t a g e c a m p u s P C B . c o m

LAGUNA BEACH RETREATTHE COTTAGE CAMPUS

22026 FRONT BEACH RD | PANAMA CITY BEACH, FL 32413

F O R S A L E

FRONT BEACH ROAD

BEACH RETREATOCEANSIDE CAMP SURROUNDED BY RESORTS, FAMILY ENTERTAINMENT, SHOPPING, AND OUTDOOR RECREATION!

The campus is on the sugar white sands of the Gulf of Mexico on the west end of the beach.

• 4.5 acres of private grounds

• Sleeps 598

• 42 family units/houses

• 5 swimming pools

• Full-sized basketball courts, Volleyball courts

• Gazebos

• 4 commercial kitchens with attached dining/meeting rooms

• Homestyle catering available

• 1 large meeting room

• 1 large food service kitchen

• On-site gift shops

• Walk-up grill

• 300’ of frontage along Front Beach Road

w w w. c o t t a g e c a m p u s P C B . c o m

LAKE POWELL PARKCARILLON BEACH

RESORTCAMP HELENSTATE PARK

SHARK’S TOOTHGOLF CLUB

PUBLIC BEACH ACCESS

BEACHES OF SOUTH WALTONSCENIC HWY 30A

PUBLIC BEACH ACCESS

Cottage 3

Cottage Store

HIGHWAY 30A

LAGUNA BEACH RETREAT

320 DAYS OF SUNSHINE

69O AVG. WINTER HIGH TEMP

5 NEARBY STATE TRAILS & PARKS

SHIPWRECK ISLAND AMERICA’S 3RD BEST WATER PARK

TRIPADVISOR2019 TOP 25 BEACHES

#3

NEARLY 11 MILLIONANNUAL VISITORS

Jordan Assembly Hall

Jer icho Dorm

Cottage 7

Bethel Dorm

PANA

MA CI

TY BE

ACH

ANNU

AL S

TATS

Public Beach Access Public Beach Access Public Beach Access

300’ OF FRONTAGE ALONG FRONT BEACH RD

LOCAL ATTRACTIONS

ACTIVITIES & PARKS EVENTS & CLUBS

Pier Park Seabreeze Jazz Festival

Frank Brown Park Gulf Coast Jam Music Festival

St. Andrews State Park SandJam Music Festival

Camp Helen State Park 30A Songwriters Festival

Point Washington Forest Shipwreck Island

Pine Log State Forest Shark’s Tooth Golf Club

Gulf World Marine Park Camp Creek Gold Club

COTTAGE CAMPUS MAP

FRONT BEA

CH R

D

COTTAGE CAMPUS MAP

26

SLEEPS 8

1 queen 1 sofa bed 4 bunks

PO

RC

H

25

SLEEPS 8

1 queen 1 sofa bed 4 bunks

18

SLEEPS 8

1 queen 1 sofa bed 4 bunks

PO

RC

H

17

SLEEPS 8

1 queen 1 sofa bed 4 bunks

20

SLEEPS 8

1 queen 1 sofa bed 4 bunks

PO

RC

H

19

SLEEPS 8

1 queen 1 sofa bed 4 bunks

PO

RC

H 28

SLEEPS 14

2 dbl beds 6 bunks 2 queens

27

SLEEPS 8

1 queen 1 sofa bed 4 bunks

PO

RC

H

22

SLEEPS 8

1 queen 1 sofa bed 4 bunks

21

SLEEPS 8

1 queen 1 sofa bed 4 bunks

PO

RC

H

24

SLEEPS 8

1 queen 1 sofa bed 4 bunks

23

SLEEPS 8

1 queen 1 sofa bed 4 bunks

7SLEEPS 12

4 dbl beds 4 bunks

PO

RC

H 15

SLEEPS 12

4 dbl beds 4 bunks

PO

RC

H

11

SLEEPS 8

1 queen 1 sofa bed 4 bunks

PO

RC

H

6SLEEPS 12

4 dbl beds 4 bunks

PO

RC

H

PO

RC

H 14

SLEEPS 6

2 dbl beds 1 sofa bed

12SLEEPS 6

2 dbl beds 1 sofa bed

ISRAEL CHAPEL

300 people

BATAAN AVENUE

SH

AS

TA S

TRE

ET

22026 FRONT BEACH ROAD Hwy 98-A

BELGRADE AVENUE

PORCH

16SLEEPS 12

4 dbl beds 4 bunks

KITCHEN

NAZARETH ASSEMBLY

( 200 people )

Staff A 1 dbl

2 bunks

Staff B 1 dbl

2 bunks

2 dbl beds Sleeps 4 KITCHEN

JORDAN ASSEMBLY

( 120 people )

JUDAH ASSEMBLY

( 70 people )

PORCH

33

SLEEPS 8

1 queen 4 bunks 1 sofa bed

PORCH

30

SLEEPS 8

1 queen 4 bunks 1 sofa bed

322 dbl beds 2 bunks

SLEEPS 6

312 dbl beds 2 bunks

SLEEPS 6

29B2 dbl beds 1 bunk

SLEEPS 5 29A2 queens 4 bunks

SLEEPS 8

341 dbl beds 14 bunks

SLEEPS 16

10

SLEEPS 8

1 queen 4 bunks 1 sofa bed

8

SLEEPS 25

4 dbl beds 17 bunk beds

Coin Laundry

5SLEEPS 6

2 dbl beds 1 sofa bed

4SLEEPS 6

2 dbl beds 1 sofa bed

41SLEEPS 22

3 dbl beds 16 bunks UP

40SLEEPS 22

3 dbl beds 16 bunks DOWN

39SLEEPS 22

3 dbl beds 16 bunks UP

38SLEEPS 22

3 dbl beds 16 bunks DOWN CAMP STORE

SONSHINE GRILL

WiFi Hotspot

352 dbl beds 9 bunks

SLEEPS 11

36

SLEEPS 22

4 dbl beds 2 sofa beds 10 bunks

37

SLEEPS 22

4 dbl beds 2 sofa beds 10 bunks

DOWN

UP

JERICHO DORM

SLEEPS 66

BETHEL DORM

SLEEPS 66

POOL

POOL

POOL

POOL

POOL

Basketball Volleyball

Court Basketball

Court

Bunk House 10 bunks

SLEEPS 10

Staff House 2 dbls, 1 bunk

SLEEPS 5

Volleyball Court

Efficiency Cottages 4, 5, 12, 14, 29-A, 29-B, 31, 32

1 Bedroom Cottages 2, 3, 9, 10, 11, 17, 18, 19, 20, 21 22, 23, 24, 25, 26, 27, 30, 33, 35

2 Bedroom Cottages 6, 7, 15, 16, 28

3 Bedroom Cottages 36, 37, 38, 39, 40, 41

Cottage 8 is a 4 bedroom

Volleyball Court

Gazebo

Gazebo

Gazebo

Public Access #91

2 miles to Main Office

Bus Parking

Public Access #92

Bus Parking

850-234-2502 www.christiancamp.com

WiFi Hotspot

WiFi Hotspot

Volleyball Court

Basketball Court

Goal

Goal

9

SLEEPS 8

1 queen 4 bunks 1 sofa bed

3

SLEEPS 8

1 queen 4 bunks 1 sofa bed

2

SLEEPS 8

1 queen 4 bunks 1 sofa bed

PROFORMA INCOME ANALYSIS

2016 2017 2018 2019(PROJECTED)

GROSS REVENUE $1,731,782 $1,758,764 $1,889,291 $2,130,743

COST OF GOODS SOLD $236,869 $237,538 $244,043 $275,232

GROSS INCOME $1,494,913 $1,521,226 $1,645,248 $1,855,511

EXPENSES $805,796 $803,431 $787,495 $979,983

NET OPERATING INCOME $689,117 $717,795 $857,753 $875,528

VALUATION RANGE

VALUE RANGE CAPITALIZATION RATE

$10,944,103 8.00%

$10,300,332 8.50%

$9,728,091 9.00%

$9,216,087 9.50%

$8,755,282 10.00%

Laguna Beach Retreat

The figures in these tables were provided by the seller, and are intended to represent reasonable approximations for the Cottage

Campus operations, which operations are a component of a larger asset which the seller

operates. The revenues and expenses shown are based on certain prorations and allocations, and assumptions for the remainder of 2019. You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE

ON IT IS SOLELY AT YOUR OWN RISK.

© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

CONTACT US

F O R S A L E

TOM WATSONVice President+1 850 527 3524tom.watson@cbre.com

ELIZABETH FORSYTHEAssociate+1 850 585 5290elizabeth.forsythe@cbre.com

www.cottagecampusPCB.com

Laguna Beach Retreat

2019 DEMOGRAPHICS

5 minutes 10 minutes 20 minutes

Population 4,216 9,790 25,084

Average Household Income $79,407 $79,164 $79,648

Average Housing Value $296,142 $321,212 $326,316

Housing Units 3,616 11,649 25,985

Seasonal Population* 10,848 34,947 77,955*seasonal population estimated at 3 persons per housing unit

NORTHWEST FL BEACHES INTERNATIONAL AIRPORT

CAMP HELEN STATE PARK

FRANK BROWN PARK

DEER LAKE STATE PARKSeaside

Laguna Beach

Rosemary Beach

Panama City Beach

5 MIN

20 MIN

10 MIN