Land For Sale • 1.97 AC
| Management fees well above market — normalizing to industry standard adds ~$27K to NOI at closing |
| Vacant and underutilized units represent straightforward lease-up opportunity |
| Bookkeeping and administrative costs well above market for a collection this size |
| Majority of TOH lots at below-market rents — organic growth as leases roll at expiration |
| RV pad infrastructure supports conversion to long-term residential use — significant NOI upside |