| Significant value-add opportunity — park is currently 60% occupied with 12 vacant mobile home spaces available for immediate lease-up |
| 6.73% cap rate at current, in-place income; 11.56% proforma cap rate at 90% occupancy |
| $42,156 price per space |
| Recently upgraded utility infrastructure — gas and electric service has been converted to direct meters, shifting those costs to residents |
| Water and trash are separately submetered/billed back to residents |
| The city recently approved a four-billion-dollar BNSF rail hub |
Douglas McCauley
Marcus & Millichap
