Property details

Nevada Mobile Home Park, Pacific West Region

Property Description

• Nevada Mobile Home Park located at a Signalized Intersection

• Zoned General Commercial (GC)

• Excellent Retail Development Site

This is a Re-Development opportunity with cashflow until redevelopment takes place. In this state it takes 6 months to close a mobile home park. It is located in a Community/Regional Land Use Area per the City Master Plan adopted April, 2006. The traffic count is 49,500 cars per day. The topography is generally level. Most of the property sits in Flood Zone,which, with the construction of the freeway by-pass around the City which is scheduled to be complete by 2011 there could be possible fill dirt coming from this project.

This property is surrounded by the most populated retail in all of the City. The retail trade area is estimated at 250,000 people. Some of the retailers located in South City include: Costco, Best Buy, Bed Bath and Beyond,Borders, Cost Plus, World Market, Home Depot, Old Navy, Pier 1 Imports, Target, Trader Joe's, Starbucks, In-N-Out-Burgers, JCPenny's, Galaxy Theater, and Wal-Mart SuperCenter. A Casino is currently under construction across the street.

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Highlights

Status:
Available
Price:
$7,375,000
Cap Rate:
2.41%
Annual Rent:
$177,935
 

Property Information

Property Type:
Mobile Home Parks
Industry Type:
Mobile Home Park
Units/Spaces:
62
Land Area:
6.78 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.