CAMP KERNVILLE24 Siretta Street, Kernville, CA 1,000 Feet of Beach Frontage on the Kern River25 MH & 71 RV Sites, Small House & AptLocated Next to Historical Downtown Kernville Trailer Rentals, RV Storage, Expansion PossibleSeller 5.5% Fixed Rate Financing$4,750,000, 10% Cash Flow

Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it.

Taylor Grant858.663.0880Email: taylor@parkbrokerage.com

John Grant858‐586‐9400 Email: john.grant11510@gmail.com

CAMP KERNVILLE25 MH & 71 RV Sites, House, & Apt

Down Payment$1,560,000

LOAN INFORMATION:Buyer to pay cash with bank loan for the 1 BR Houseat 400 Scodie Avenue. After a $1.5M down paymenton the park, Seller to carry a $2,950 1st trust deed at51/2% interest with monthly payments amortizedover 30 years with a 10 years term, monthly payment$16,749.78. Anticipate $60,000 down and $12,000per year debt service on Scodie House.

PROPERTY DESCRIPTION AND RENTAL INFORMATION: Mobile home park, RV park, Campground with a fantastic location of 1,000 feet of beachfront on the Kern River. Camp Kernville is located right next to downtown, historical Kernville with stores, shops, and restaurants. 25 mobile home sites with Monthly rents of $419-$500, 24 Permanent RV Sites (some with river frontage) Monthly $419-$575, 24 Base Full Hookups $40 and $45 Nightly, 9 Premium Water & Electric $50 and $60 Nightly, 10 Premium Full Hookup $50-$60 Nightly, and 4 Group Full Hookups $60 and $75. 6 rental RV’s $125/$150/$175 Nightly with three nights minimum. 1 Br/1 Bath house 648 square feet on 1.46 acres occupied by family member. One 1 BR/1BA approximate 600 sf apartment at $495. Large RV storage area currently with 36 RV’s in storage but can accommodate 65 at monthly rates of $60 plus trailer spotting at $15/move. Six former motel units now used for storage, 25X30 machinery shed, and 40 feet container storage. Amenities include THE RIVER with fishing, swimming, beach, volleyball, and rafting takeout, two sets of restrooms, laundry, office, dump station, picnic tables, fire rings with grills, outdoor beach showers, pet area, and beautifully shaded with approximately 125 trees. Mostly 50 amp electric, community water district, and septic sewer. No rent control in the County of Kern and very reasonable rental rates. Great solar development site. For more information visit the park website at www.campkernville.comContact Broker to setup appointment to visit property.

CountyKern

StateCalifornia

Historical FinancialsSee Attached Excel Spread Sheet

Age1960’s

LoanSeller

Total Parcel Size 11 Acres

No. Spaces25 MH & 71 RV, House, Apt

WaterCounty

SewerSeptic

Listing Salesman John Grant (858) 586-9400, Taylor Grant (858) 663-0880 Price Per Site: $39,286

NET INCOME   $365,806

TOTAL ANNUAL PRIN. & INTEREST PAYMENT $212,997

EST. ANNUAL PRE‐TAX CASH FLOW (SPENDABLE) $152,809

PLUS PRINCIPAL REDUCTION YEAR 1 $39,739

TOTAL RETURN $192,602

Address/City24 Siretta Street, Kernville

Capitalization Rate7.7%

Est. Spendable Return9.8%

Total Return 12.3%

Price$4,750,000

CAMP KERNVILLE

ACTUAL Year End

2013

ACTUAL Year End

2014

ACTUAL Year End

2015

ACTUAL Year End

2016

ACTUAL T12

Sept 16-Aug 17

Broker's Proforma

REVENUERV Rental Security Deposit Held 5,900 4,732Interior Storage Units 5,070 4,391 4,792 1,500 1,000Mobile Homes 96,823 97,159 99,483 109,335 119,133Monthly Sites 114,271 136,868 126,503 135,751 151,085Camping 235,341 205,394 156,275 287,131 345,031Trailer Rental 14,855 9,500 11,509 16,066 32,276RV Storage 26,414 23,400 28,095 25,610 23,510Utilities 20,368 23,163 28,854 31,006 38,002Camp Kernville Club 750 436 6 2,237 1,019Other Income 27,104 14,002 13,949 19,913 21,875BYS Fee 260 305 214 120 260Sale of Mobile Homes 0 4,000 0 0 0

TOTAL REVENUE 541,256 518,618 469,680 634,569 737,923 750,000

EXPENSESUtilities 42,816 41,617 48,190 44,975 56,636 50,000 ←

Firewood 1,498 0 460 1,930 1,720 1,720Ice 2,489 1,555 2,669 3,993 5,009 5,009Advertising & Promotion 9,363 5,720 5,004 13,348 18,467 14,467Automobile 18,620 9,082 13,159 13,783 20,352 2,000 ←

Bank Service Charges 7,294 8,521 6,551 9,611 11,324 11,324Buildings Repairs & Maintenanc 13,982 24,962 53,112 36,741 41,556 24,000Casual Labor 836 938 0 5,904 8,529 4,000Charitable Contributions 450 750 100 1,000 1,500 0Dues & Memberships 2,628 2,350 4,339 3,406 3,629 3,629Equipment Expense 19,621 7,575 13,769 8,230 13,875 2,500

Mobile home and Extended Stay RV sites were increased April/17 for a total increase of $2,000 per month

some personal expense. Ideal solar development

personal expense

CAMP KERNVILLE

Freight 406 0 172 0 0 0Fines & Penalties 29 0 0 7 0 0Insurance-Flood 578 590 590 590 590 590Insurance-Health 27,079 30,276 10,194 5,295 5,589 0Insurance-Liability 4,930 6,549 5,667 5,765 6,012 6,012Insurance-Auto 3,906 2,937 3,378 4,416 6,332 1,300Insurance-Property 2,444 -921 408 652 902 932Insurance-Workmans Comp 6,610 4,540 13,996 7,411 12,614 12,614Landscaping Maintenance 683 413 1,902 6,333 6,959 6,959Licenses & Permits 2,986 3,652 2,791 1,741 3,089 2,117Management Fee 31,000 31,988 100,000 0 0 0Reconciliation & Miscellanoues 2 -41 -482 1,511 1,499 1,499Office 11,122 4,428 22,538 17,340 18,140 5,000Janitorial 6,783 6,256 8,374 5,884 7,850 7,850Payroll 90,758 105,452 135,415 143,044 173,607 150,000Postage & Delivery 781 511 998 1,167 1,286 1,286Professional Fees 1,094 9,275 5,690 3,365 4,305 4,305Small Tools 1,073 0 5,297 1,303 1,263 1,263Septic System 3,778 2,083 2,956 7,915 8,752 3,000Property Taxes 14,978 14,852 14,989 15,353 15,632 50,000 ←

State Taxes 0 1,777 800 0 7,087 800Travel 30,386 13,376 17,944 20,991 30,990 2,000 ←

Internet/AOL 2,601 1,995 2,004 2,243 2,243 2,243Satellite/Dish 1,646 992 2,545 2,129 1,935 1,935Telephone & Land/Cell 7,339 6,603 7,527 6,885 7,979 3,600Utility Meter Repairs 330 200 2,730 240 245 240

TOTAL EXPENSES 372,919 350,853 515,776 404,501 507,497 384,194

NET INCOME 168,337 167,765 -46,096 230,068 230,426 365,806

New property taxes per Prop. 13

personal expense

System Performance and SavingsImpact on Electric BillCurrent Annual Bill $69,555Bill Savings 82% ($57,312)New Annual Bill With Solar $12,243

Energy Bill Savings$57,312

$310,283$687,382

$2,379,610

Investment Overview18% 3.48 years

82% 23.3%

Cost BreakdownTotal cost $598,288 Out-of-Pocket ExpenditureFederal Tax Credit ($179,486) Federal Tax Credit taken in year 1Federal Depreciation ($183,076) Federal Tax Deduction taken over 5 yearsState Depreciation ($62,042) State tax deduction taken over 5 yearsFinal Net Investment $173,683 Net cost, after taxes

Warranty InformationWarranties Description25 yr. panel production System life of 30+ years10 yr. inverter extended warranties are available10 yr. installation "bumper-to-bumper" system coverage5 YEAR kWh OUTPUT SYSTEM PRODUCTION IS GUARANTEED(Performance Warranty & System Monitoring) MONITORING, MAINT. & CLEANING INCLUDED (5 years)

Full Payback Realized inReturn On Investment

Savings through Year 25Savings through Year 10Savings through Year 5Savings Year 1

Solar Investment Analysis: Camp Kernville (165.6 kW DC)

Address : 24 Sirretta St. Kernville, CA 93238

$0$10,000$20,000$30,000$40,000$50,000$60,000

$70,000

Current BillBill w/ Solar

$69,555

$12,243

Annual Electric Expense

1 Peters Canyon Rd. Suite # 110Irvine, CA 92606

www.ShorebreakEnergy.comLic# C-10 972616O: 949.502.0800F: 949.606.9040

Scale

Date

Plan Keynotes:

9/26/2017 10:37:02 AM 1" = 80'-0"

24 Sirretta St,Kernville, CA 93238

Camp Kernville

Array #PanelCount Azimuth Tilt°

RV1 230 116 7RV2 230 270 7

460

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