5000 SE 183RD AVE RD OCKLAWAHA, FL 32179 · land and home to more than 600 lakes, rivers and springs. • Lake Bryant is an 850 acre lake offering some of the best fishing in Florida

180 SITE MHC / rv park INvESTMENT OppOrTUNITYprICE: $1,350,000TErMS: aLL CaSH

w

SE 183rd Avenue Rd

LAKE BRYANTN

SE 52nd St

REO

LAKE BRYANT mHC & RV PARK 5000 SE 183RD AVE RD OCKLAWAHA, FL 32179

For a video tour of Lake Bryant go to: http://youtu.be/Rtjo_ZpASXw


SiTE iNFORmATiONCOMMUNITY Lake Bryant MH & RV Park

AddRess 5000 se 183rd AvenueOcklawaha, FL 32179

PRICe $1,350,000COUNTY MarionTAx MAP PARCeL 32900-000-00

ZONING P-RV & B-2 (RV Park & Community Business)

sITes 180 (MH - 84 / RV - 96)COMMUNITY TYPe All Age MH/RV

YeAR BUILT 1969

LANd sIZe 43.50 acres (4.14 sites/acre)

MH PHYsICAL OCCUPANCY 98.8% (as of July 2013)

MH eCONOMIC OCCUPANCY 95.2% (as of July 2013)

MARKeT LANd LeAse ReNTs

$305 (includes water, sewer, trash)

MARKeT RV RATes

standard: $30 daily; $185Weekly; $360 Monthly

Premium: $35 daily; $225Weekly; $425 Monthly

MH INVeNTORY HOMes

3 (Vacant as of July 2013)

ROAds Asphalt

eLeCTRIC CAPACITY30 amp service for RV sites, approx. 70-80 for MH sites

uTiLiTiESWATeR Marion County (master meter)

seWeR Private sewage Treatment Plant

eLeCTRICITY Clay Coop (direct billed)

TRAsH Waste Management

LAKE BRYANT mH & RV PARK Price : $1,350,000 Terms: All Cash

• Opportunity to acquire a large, scenic, low density, ReO community with 84 MH sites and 96 RV sites with frontage on beautiful Lake Bryant in the heart of the Ocala National Forest.

• The MH operations are nearly full, producing steady cash flow from month to month.

• RV spaces available for daily, weekly, and monthly rental.

• Outstanding management turnaround opportunity - the community is being offered at an attractive basis with the potential to stabilize RV operations through a comprehensive marketing effort.

• Potential expansion opportunity to build out 19 additional undeveloped sites.

• Ability to start charging guest fees like local competitors.

• Amenities offered to residents and guests include a private on-site beach with lake access, a new boat ramp, a spacious clubhouse built in 2004, a community store, shuffleboard, horseshoes, volleyball, and basketball.

• Lake Bryant is known as a premier trophy bass fishing location.

• Although the wastewater treatment plant will require a capacity upgrade as occupancy in the park improves, a recent smoke test determined the PVC lines throughout the community appear to be in good condition.

• Lake Bryant MH & RV Park is conveniently located on the banks of Lake Bryant in the heart of the Ocala National Forest with close proximity to silver springs and the recently opened Canyon Zip Line and Canopy Tours.

• The Ocala National Forest is 383,000 acres of pristine forest land and home to more than 600 lakes, rivers and springs.

• Lake Bryant is an 850 acre lake offering some of the best fishing in Florida.

• easy access to Ocala, FL, 22 miles to the West and the Village of Ocklawaha, only 10 miles to the South, offering options for dining, cinemas, bowling and golf.

• The community is in close proximity to some of Central Florida’s most popular vacation destinations, including daytona Beach 60 miles to the east, and disney World only 75 miles to the south.

• several large employers in the area including the Munroe Regional Medical Center, a 421 Bed facility that employs over 2,600 people, as well as the College of Central Florida with over 18,000 students and nearly 400 staff.

INVesTMeNT HIGHLIGHTs

AReA HIGHLIGHTs


LAKE BRYANT FiNANCiAL ANALYSiS

UNdeRWRITING AssUMPTIONs 1. Actual numbers based on financials provided by the client

2. Proforma GsR grown 0% from July 2013 Rent Roll

3. Utility & Other Income grown 3% from June’13 T-12

4. Adjusted Utilities grown 3% from June’13 T-12

5. Proforma Taxes = 2012 Tax grown by 3%

6. Numbers do not reflect actual expense

1

2 Gross Scheduled RentLess: (Gain)/Loss-to-LeaseGross Potential Income

Less: VacancyLess: Employee/ModelLess: Bad DebtLess: ConcessionsTotal Rental Income

3 Plus: Utility Income3 Plus: Other Income

Plus: RV IncomePlus: Retail SalesTotal Other IncomeEffective Gross Income

EXPENSESRepairs & MaintenancePayrollAdministrativeMarketingProfessional Fees

4 Utilities Electricity Water Sewer Gas TrashTotal Variable Expenses

5 TaxesOther TaxCost of Goods SoldInsuranceManagement FeeTotal Operating Expenses

6 Plus: Capital ReservesTotal Expenses

NET OPERATING INCOME

June'13 T-12 2013-14 Budget

0.00%

Assumptions

$380,64000.00%

Proforma

Financial Analysis

$251,40193.37%

6.63%

0.00%

$269,260

17,8590

$269,260

00

0.00%

0.00%

0.00%

INCOME

0

202

75,547207

01,790

36,44937,308

0

10

420

$326,948

12,400

198

216

26

32,667

-$52,727 $36,155

$2,109

$2,109 $379,674

Actualsper unit

0$352,446

00

$352,446$1,958

0.00%3.79%

$1,9580

7

36,000200

$215

823

175

3

63

181

0

167

59

40

$1,5357,200

0

148,161

4,66635,602

0

$276,314

6,292

0$379,674

30,00018,000

5,194

10,600

38,870

272 1,200

$281,84438,870

2

29

216

76 13,597

1,262735

$1,566

38,627

11,410

31,447150,229

$145

Actual Exp

$26,080

470 4,55022,455

6,00025

4.00%

0.00%

15.00%

0.00%

80,283$388,601

38,00036,000

$308,3180

6,283

15,2260

$380,640

57,0960

125

33

0

per unit

835

100

446

211

200

81.00%

0

35

91.50%

0

0.00%

4.00%

0.00%

0.00%

4.50%

78

59

600

100

25

35

per unit

$150

432

10

209

213

$298,0520

$325,7400

$325,740

14,6580

13,0300

50

$1,903

35

5.00%

$1,853

26

200

2

30

$1,265222

187 33,64714,00510,600

108,00018,0004,5006,300

$375,865

Buyers Exp

$27,000

77,813

1,84337,54338,427

6,30018,793

9,000$342,477

$33,388

$333,477

2805,350

$227,68240,0364,666

36,000


OCALA

OCKLAWAHA

75

40

19

15OCALA NATIONAL

FOREST

LAKE GEORGE STATE FOREST

LAKE GEORGE

LAKE WEIR

35

1

2

3

4

5

6

7

LAKE BRYANT / OCALA mAP & DEmOGRAPHiCS

Source 2013 Claritas, Inc. 1 mile 3 mile 5 mile627 5,261 8,163638 5,298 8,2270.35% ‐0.28% ‐0.27%1.69% 0.70% 0.78%

17.22% 16.34% 17.25% Owner Occupied Percentage 82.78% 83.62% 82.72%

$33,503 $34,534 $34,106$55,362 $59,253 $58,556 2013 Est. Median Owner‐Occupied Housing Value

2013 Est. Average Family Household Income

2013 Population Estimate 2018 Population Projection Population Growth 2010‐2013 Population Growth Estimate 2013‐2018

Renter Occupied Percentage

1

2

3

4

5

6

7

Munroe Regional Medical CenterCollege of Central FloridaPaddock MallMarion Technical InstitutePublic Churchill squareWal-mart supercenterOcala shopping Center

OCALA


ORLANDO

DELTONA

LEESBURG SANFORD

DAYTONA BEACH

ORMONDBEACH

OCALA

95

95

4

4

75

75

45

50

40

19

91

44

15

COLT CREEKSTATE PARK

VIERA REGIONAL

PARK

LOWER WEKIVARIVER PRESERVE

STATE PARK

TIGER BAYSTATE FORESTLAKE GEORGE

STATE FOREST

LAKE GEORGE

LAKE WEIR

LAKE MONROE

LAKE APOPKA

LAKE HARRIS

35

50 unc

OCALA NATiONAL FOREST• The second largest National Forest in Florida, covering approximately 607 square

miles, and receives the most visitors each year.• Home to a tremendous variety of wildlife and some of the most beautiful natural

springs in the state.• Popular activities include deer hunting, fishing, camping, hiking, horseback riding,

canoeing, and ATV trails.

DiSNEY WORLD• The most visited theme park in the world.• Home to 24 themed resorts, 4 theme parks, 2 water parks and several additional

recreation and entertainment venues.• Home to 5 world class golf courses.

DAYTONA BEACH• Popular tourist destination 60 Miles to the east that hosts over 8,000,000 visitors

each year.• The principal city of the “Fun Coast” region of Florida.• Home to the daytona International speedway and the daytona 500, the largest

race in Nascar.

LAKE BRYANT AREA RECREATiON iNFORmATiON & mAP

901 s. MoPac expresswayBarton Oaks Plaza IIsuite 275Austin, Tx 78746T 512-342-8100 F 512-637-1740

RELATiONSHiPS THAT DELiVER RESuLTS.

www.arausa.com© ARA. All Rights Reserved

The brief, selected information contained herein has been derived from sources deem reliable. However, It does not purport to be all-inclusive or to contain all the informationwhich a prospective purchaser may desire. It is subject to errors, omissions, price changes and /or withdrawal. Neither Apartment Realty Advisors (ARA), nor the owner, norany of their respective employees, officers, agents, or representatives, make any representation or warranty, expressed or implied, as to the accuracy or completeness ofthe information contained herein and no legal liability is assumed or to be implied with respect thereto. Further no warranties or representations shall be made by (ARA),the owner, and/or its their respective employees, officers, agents, representatives or affiliates regarding any oral statements which have been made in the discussion of theabove property. This presentation, prepared by ARA, was sent to the recipient under the assumption that s/he is a buying principal. Any potential purchaser is advised that s/he should either have the abstract covering the real estate which is the subject of any contract examined by an attorney of his/her selection, or be furnished a policy of titleinsurance. Do not contact the Property.

ARA NATIONAL MANUFACTURED HOUSING GROUP:

Todd [email protected] T 303-260-4470

Andrew [email protected] T 512-637-1219

Brian [email protected] T 512-637-1221

w information for Lake Bryant is available on our website at: www.arausa.com/listinglab/LakeBryant For a video tour of Lake Bryant go to: http://youtu.be/Rtjo_ZpASXw

Documents

5000 SE 183RD AVE RD OCKLAWAHA, FL 32179 · land and home to more than 600 lakes, rivers and springs. • Lake Bryant is an 850 acre lake offering some of the best fishing in Florida