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AUBURN, CALIFORNIA
AUBURN RIDGE WOODS
CAPITOL CITYA P A R T M
M O B I L E H O M E P A R K
O M E S
OPPORTUNITY KNOCKS
2
AUBURN RIDGE WOODSA P A R T M E N T HO M E S
CAPITOL CITYA P A R T M E N T HO M E S
3
The information contained herein is strictly confidential, furnished solely for the purpose of considering the acquisition of the property described herein, and is not to be used for any
other purpose or made available to any other person without the expressed written consent of Newmark Knight Frank.
It has been obtained from the Seller and may include other sources believed to be reliable, but no representation is being made with regard to its accuracy or completeness.
Prospective investors should undertake their own investigations and reach their own conclusions without reliance upon the material contained herein. Neither the Seller nor the Agent nor any of their respective officers, agents or principals has made or will make any representations or warranties, expressed or implied, as to the accuracy or completeness of the Offering Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of the Offering Memorandum or its contents.
Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser.
The Seller and Agent expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or terminate discussions with any entity at any time with or without notice.
The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the property unless and until such offer for the property is approved by the Seller, and any conditions to the Buyer’s obligations there under have been satisfied or waived.
MARC ANDENMATTENMARC ANDENMATTEN License CA: 01956176
[email protected] 916.835.8844
NATE OLESONNATE OLESON
License CA: [email protected]
916.599.6523 916.599.6523
MATT TRIPALDIMATT [email protected]
415.430.1031
SACRAMENTO OFFICESACRAMENTO OFFICE980 9th Street, Suite 2500
Sacramento, CA 95814 T 916.920.4400
SAN FRANCISCO OFFICESAN FRANCISCO OFFICE655 Montgomery St, Suite 1705
San Francisco, CA 94111T 415.354.0777
CONFIDENTIALITY AGREEMENT TABLE OF CONTENTS
04EXECUTIVE SUMMARY
06PROPERTY
PHOTOS
10FINANCIAL ANALYSIS
AUBURN RIDGE WOODSA P A R T M E N T HO M E S
CAPITOL CITYA P A R T M E N T HO M E S
E X E C U T I V E S U M M A R Y4 5
THE OFFERINGNewmark Knight Frank, as the exclusive advisor, is pleased to present the opportunity to acquire Auburn Ridge Woods, a mobile home park located in Auburn, California.
KEY INVESTMENT HIGHLIGHTS
• 33 total spaces consisting 18 RVs, 14 MHs, and 1 trailer. In addition there are
9 cottages and 1 house (Duplex) for a total of 44 units.
• Average In-Place rent of $728/space including RUBS
• Over 80% stable extended-stay occupancy
• ~3.73 acre lot on multiple parcels
• On-site amenities such as office, laundry room, and playground
INVESTMENT SUMMARY
Price $2,650,000
Address 14135 Musso RoadAuburn, CA 95603
County Placer
Total # of Spaces 44
# of Acres ~3.73
APNs 053-050-019, 053-050-020, 053-050-025
Occupancy (1/2020) 82%
UTILITIES
PAID BY METHOD SUPPLIED BY
Electric Resident RUBS PG&E
Water/Sewer
Park bills tenants monthly $100 RUBS Well/Septic
Trash Park bills tenants monthly $30 RUBS Placer Recology
AUBURN RIDGE WOODSA P A R T M E N T HO M E S
CAPITOL CITYA P A R T M E N T HO M E S
P R O P E R T Y P H OTO S6
AUBURN RIDGE WOODS
~20 mi.
~40 mi.
7
AUBURN RIDGE WOODSA P A R T M E N T HO M E S
CAPITOL CITYA P A R T M E N T HO M E S
8 98 9
11
AUBURN RIDGE WOODSA P A R T M E N T HO M E S
CAPITOL CITYA P A R T M E N T HO M E S
F I N A N C I A L A N A LY S I S10
RENT ROLL
Space # Type Rent Trash Water
2 RV $600.00 $30.00 $100.003 RV - park owned $550.00 $30.00 $100.004 RV $600.00 $30.00 $100.005 MH $525.00 $30.00 $100.006 MH - park owned $750.00 $30.00 $100.007 RV $600.00 $30.00 $100.008 RV - park owned $525.00 $30.00 $100.009 MH - park owned $800.00 $30.00 $100.00
10 RV $525.00 $30.00 $100.0011 MH - park owned $1,200.00 $30.00 $100.0012 MH - park owned $850.00 $30.00 $100.0013 MH - park owned $550.00 $30.00 $100.0014 MH - park owned $800.00 $30.00 $100.0015 RV $525.00 $30.00 $100.0016 MH - park owned $600.00 $30.00 $100.0017 MH - park owned $550.00 $30.00 $100.0018 Trailer - park owned VACANT19 RV $550.00 $30.00 $100.0020 RV VACANT21 RV $600.00 $30.00 $100.0022 MH MANAGER $30.00 $100.0023 RV $550.00 $30.00 $100.0024 RV $525.00 $30.00 $100.0025 RV - park owned $600.00 $30.00 $100.0026 MH - park owned $700.00 $30.00 $100.0027 RV - park owned $600.00 $30.00 $100.0028 RV $600.00 $30.00 $100.0029 MH $600.00 $30.00 $100.0030 RV $525.00 $30.00 $100.0031 MH - park owned $650.00 $30.00 $100.0032 RV - park owned $600.00 $30.00 $100.0034 RV - park owned $460.00 $30.00 $100.0036 MH - park owned $900.00 $30.00 $100.00A-1 Duplex (House) $750.00 $30.00 $100.00A-2 Duplex (House) $800.00 $30.00 $100.00C-1 Cottage/Cabin $600.00 $30.00 $100.00C-2 Cottage/Cabin $550.00 $30.00 $100.00C-3 Cottage/Cabin $600.00 $30.00 $100.00C-4 Cottage/Cabin $790.00 $30.00 $100.00C-5 Cottage/Cabin $525.00 $30.00 $100.00C-6 Cottage/Cabin $800.00 $30.00 $100.00C-7 Cottage/Cabin $725.00 $30.00 $100.00C-8 Cottage/Cabin $625.00 $30.00 $100.00C-9 Cottage/Cabin $800.00 $30.00 $100.00
TOTAL $26,575.00 $1,260.00 $4,200.00
Auburn Ridge Woods 14135 Musso Road
RENT ROLL
RENT ROLL
Space # Type Rent Trash Water
2 RV $600.00 $30.00 $100.003 RV - park owned $550.00 $30.00 $100.004 RV $600.00 $30.00 $100.005 MH $525.00 $30.00 $100.006 MH - park owned $750.00 $30.00 $100.007 RV $600.00 $30.00 $100.008 RV - park owned $525.00 $30.00 $100.009 MH - park owned $800.00 $30.00 $100.00
10 RV $525.00 $30.00 $100.0011 MH - park owned $1,200.00 $30.00 $100.0012 MH - park owned $850.00 $30.00 $100.0013 MH - park owned $550.00 $30.00 $100.0014 MH - park owned $800.00 $30.00 $100.0015 RV $525.00 $30.00 $100.0016 MH - park owned $600.00 $30.00 $100.0017 MH - park owned $550.00 $30.00 $100.0018 Trailer - park owned VACANT19 RV $550.00 $30.00 $100.0020 RV VACANT21 RV $600.00 $30.00 $100.0022 MH MANAGER $30.00 $100.0023 RV $550.00 $30.00 $100.0024 RV $525.00 $30.00 $100.0025 RV - park owned $600.00 $30.00 $100.0026 MH - park owned $700.00 $30.00 $100.0027 RV - park owned $600.00 $30.00 $100.0028 RV $600.00 $30.00 $100.0029 MH $600.00 $30.00 $100.0030 RV $525.00 $30.00 $100.0031 MH - park owned $650.00 $30.00 $100.0032 RV - park owned $600.00 $30.00 $100.0034 RV - park owned $460.00 $30.00 $100.0036 MH - park owned $900.00 $30.00 $100.00A-1 Duplex (House) $750.00 $30.00 $100.00A-2 Duplex (House) $800.00 $30.00 $100.00C-1 Cottage/Cabin $600.00 $30.00 $100.00C-2 Cottage/Cabin $550.00 $30.00 $100.00C-3 Cottage/Cabin $600.00 $30.00 $100.00C-4 Cottage/Cabin $790.00 $30.00 $100.00C-5 Cottage/Cabin $525.00 $30.00 $100.00C-6 Cottage/Cabin $800.00 $30.00 $100.00C-7 Cottage/Cabin $725.00 $30.00 $100.00C-8 Cottage/Cabin $625.00 $30.00 $100.00C-9 Cottage/Cabin $800.00 $30.00 $100.00
TOTAL $26,575.00 $1,260.00 $4,200.00
Auburn Ridge Woods 14135 Musso Road
RENT ROLL
Space # Type Rent Trash Water
2 RV $600.00 $30.00 $100.003 RV - park owned $550.00 $30.00 $100.004 RV $600.00 $30.00 $100.005 MH $525.00 $30.00 $100.006 MH - park owned $750.00 $30.00 $100.007 RV $600.00 $30.00 $100.008 RV - park owned $525.00 $30.00 $100.009 MH - park owned $800.00 $30.00 $100.00
10 RV $525.00 $30.00 $100.0011 MH - park owned $1,200.00 $30.00 $100.0012 MH - park owned $850.00 $30.00 $100.0013 MH - park owned $550.00 $30.00 $100.0014 MH - park owned $800.00 $30.00 $100.0015 RV $525.00 $30.00 $100.0016 MH - park owned $600.00 $30.00 $100.0017 MH - park owned $550.00 $30.00 $100.0018 Trailer - park owned VACANT19 RV $550.00 $30.00 $100.0020 RV VACANT21 RV $600.00 $30.00 $100.0022 MH MANAGER $30.00 $100.0023 RV $550.00 $30.00 $100.0024 RV $525.00 $30.00 $100.0025 RV - park owned $600.00 $30.00 $100.0026 MH - park owned $700.00 $30.00 $100.0027 RV - park owned $600.00 $30.00 $100.0028 RV $600.00 $30.00 $100.0029 MH $600.00 $30.00 $100.0030 RV $525.00 $30.00 $100.0031 MH - park owned $650.00 $30.00 $100.0032 RV - park owned $600.00 $30.00 $100.0034 RV - park owned $460.00 $30.00 $100.0036 MH - park owned $900.00 $30.00 $100.00A-1 Duplex (House) $750.00 $30.00 $100.00A-2 Duplex (House) $800.00 $30.00 $100.00C-1 Cottage/Cabin $600.00 $30.00 $100.00C-2 Cottage/Cabin $550.00 $30.00 $100.00C-3 Cottage/Cabin $600.00 $30.00 $100.00C-4 Cottage/Cabin $790.00 $30.00 $100.00C-5 Cottage/Cabin $525.00 $30.00 $100.00C-6 Cottage/Cabin $800.00 $30.00 $100.00C-7 Cottage/Cabin $725.00 $30.00 $100.00C-8 Cottage/Cabin $625.00 $30.00 $100.00C-9 Cottage/Cabin $800.00 $30.00 $100.00
TOTAL $26,575.00 $1,260.00 $4,200.00
Auburn Ridge Woods 14135 Musso Road
RENT ROLL
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AUBURN RIDGE WOODSA P A R T M E N T HO M E S
CAPITOL CITYA P A R T M E N T HO M E S
HISTORICAL
Auburn Ridge Woods PNL 20191-1-19 to 12-31-19Rental Income 344,924.96Total Rental Income 344,924.96Insurance Expense 14486.07Licenses & Permits 7735.1Management Fee Expense 14200Property Taxes 4472.78AmeriGas 719.13Cranmer Engineering 21618.94Norm Paul Water Hauling 600Recology 10678.23Total Expenses 74510.25Net Income 270,414.71
NEWMARK KNIGHT FRANK - SACRAMENTO980 9th Street., Suite 2500
Sacramento, CA 95814
F O R M O R E I N F O R M AT I O N O N T H I S O F F E R I N G M E M O R A N D U M , P L E A S E C O N TA C T :
MARC ANDENMAT [email protected]
916.835.8844 License CA: 01956176
NATE [email protected]
916.599.6523 License CA: 01467941
MAT T [email protected]
415.430.1037
*Property Taxes will be reassessed at a rate of 1.06116%
*
