PONDEROSA MH/RV RESORT - parkbrokerage.com · Ponderosa RV Resort –1664 Ponderosa Lane, Lakeside, AZ 85929 –City Services, 143 Usable Sites LOAN INFORMATION (APPROX): Broker projects

• $5,000,000 Asking Price

• 143 rentable sites and boat storage

• Mix of hybrid manufactured home,

transient RV, and extended-say RV

communities

• 55+ Designation

• All Public/City Water and Sewer

• Turnkey operation and easily scalable,

prime play for park model and MH sales

• New bank financing available

• Paved roads, recent electric

infrastructure upgrade

• High demand affordable housing and

destination demand community just 3

hours from Phoenix (also direct flights)

John Sheedy, Vice President

[email protected]

Cell: 602.821.4666 Fax: 480.717.6955

PROPERTY OVERVIEW:

For more information, contact exclusive listing agent:

HAVING NO REASON TO BELIEVE OTHERWISE, PARK BROKERAGE DOES NOT GUARANTEE INFORMATION WITHIN IS ACCURATE

4552 E DESERT COVE AVE, PHOENIX, AZ 85028

PONDEROSA MH/RV RESORT1664 Ponderosa LaneLakeside, AZ 85929

For more information, contact: JOHN SHEEDY | [email protected] | 602.821.4666

Ponderosa MH/RV Resort


PROJECTED LOAN INFORMATION ABOVE

Ponderosa RV Resort, a 150-space, (143 usable) combination 55+ 3-Star Manufactured Housing (87 sites), Park Model and RV Community (63 sites) hybrid community located in

Lakeside, Arizona on an approximately 9.56-acre parcel. The property is serviced by municipal water and sewer and electric is submetered to each tenant. The roads are mostly paved and the tenancy is mostly sunbirds utilizing the park as second homes.

Amenity package includes a large clubhouse, restroom/shower facilities, WiFi, and a dog park. The community was primarily built in the 70’s and 80’s and has approximately a

thousand old growth Ponderosa Pines within its boundaries. The current ownership has owned it for 22 years and just completed an upgrade of the electrical system from the

quadrupling of the capacity from the power company, repair/replacement of transmission lines, substations, and meter panels at each site. Each site is now 50 amp

capable and the property has approximately 25% in excess power for future growth. The area of Show Low, Lakeside and Pinetop are just over three hours from Phoenix and

Tucson.RATES (2020) – Monthly (RV Only): $669; Seasonal (MH) - $3711; Seasonal (RV) - $3619;

Annual (MH) - $5,376

Ponderosa RV Resort – 1664 Ponderosa Lane, Lakeside, AZ 85929 – City Services, 143 Usable Sites

LOAN INFORMATION (APPROX):Broker projects a bank loan to be approximately 70% loan-to-value at 4.5% for Ponderosa with terms based on a 30 year amortization. Down payment of $1,500,000 at listing price. CMBS market re-opening during escrow period could lead to more aggressive lending rates including interest-only period.

PROPERTY INFORMATION

Age

1950’s

Total Parcel Size

Approx. 9.6 Acres

No. Spaces

143 Usable Sites + Storage

Water/Sewer

City/City

Expense Ratio

33%

Capitalization Rate 5.9%

Cash on Cash Return5.5%

Loan

New Financing

Net Operating Income year 1: $293,743

Total Annual Debt Service year 1: $214,870

Cash Flow: $78,743

DETAILS:




Financial Data



Permanent Rent Roll – Other Sites Occupied by Summer Only Guests


Ponderosa MH/RV Park


Documents

PONDEROSA MH/RV RESORT - parkbrokerage.com · Ponderosa RV Resort –1664 Ponderosa Lane, Lakeside, AZ 85929 –City Services, 143 Usable Sites LOAN INFORMATION (APPROX): Broker projects