MAJOR PRICE REDUCTION

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Gordon Gaines
6 years ago
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1 402 Arnold Boulevard Abilene, TX 79605

PROPERTY DETAILS SITE INFORMATION ADDRESS 402 Arnold Boulevard, Abilene, TX 79605 COUNTY Taylor TAX PARCEL ID 125213 SITES 92 YEAR BUILT NA COMMUNITY TYPE All Age COMBINED LAND 14.11 Acres DENSITY 6.

TRASH City of Abilene GAS Up to property, but not to individual lots INVESTMENT HIGHLIGHTS Tremendous opportunity to acquire a 92-site, 100% vacant park with huge upside potential in a strong market

All lots can accommodate double-wide homes. All lots are at least 39.5 feet wide and 85 to 146 feet deep (with more lots being closer to the longer depth).

2 PROPERTY DETAILS SITE INFORMATION ADDRESS 402 Arnold Boulevard, Abilene, TX COUNTY Taylor TAX PARCEL ID SITES 92 YEAR BUILT NA COMMUNITY TYPE All Age COMBINED LAND Acres DENSITY 6.52 site/acre ZONING PD (Planned Development) ROADS Concrete and asphalt FLOODPLAIN Zone X UTILITIES WATER City of Abilene (two water meters) SEWER City of Abilene ELECTRICITY Direct Energy (125 amps) TRASH City of Abilene GAS Up to property, but not to individual lots INVESTMENT HIGHLIGHTS Tremendous opportunity to acquire a 92-site, 100% vacant park with huge upside potential in a strong market where neighboring parks have few or no vacancies. The lots are already set up for public utilities and most road, electric and plumbing improvements have already been made. All lots can accommodate double-wide homes. All lots are at least 39.5 feet wide and 85 to 146 feet deep (with more lots being closer to the longer depth). Community features an attractive white-vinyl fence and space for off-street parking. The Abilene, Texas unemployment rate of 3.6% beats both the Texas and National rates of 4.2 and 5.4% by a wide margin. AREA HIGHLIGHTS With an economic impact of approximately $2.8 billion in sales, retail trade leads Abilene s economy just ahead of Agriculture and the Oil and Gas Industry. Abilene is in the center of a 19 county region, making it a financial hub for both individuals and businesses. The Abilene MSA had a population of 168,592 in 14. Abilene is centrally located in the state of Texas and surrounded by major Texas cities such as Dallas, Austin, Midland, and Lubbock. The Abilene Regional Airport is a mile drive from Abilene Estates. Abilene Estates is conveniently located right off of Interstate, a 1,535-mile highway that runs east-west from Kent, TX to Florence, SC and puts Abilene between Midland and Fort Worth. The 6,409-acre Dyess Air Force Base sits less than five miles from the property and is home to over 13,000 military and civilian individuals. The base has a total economic impact of nearly $430 million and is the largest employer in the area, employing approximately 5,000. Abilene Estates provides quick access to highway US-84 E, putting the community less than 5 miles from a newly developed shopping center, The Shops at Abilene, that includes a Walmart, Red Robin, Chick fil-a, and Old Navy. The Community has multiple public and private schools within a 4 mile radius. There are 2 independent school districts, 4 universities, 2 nursing schools, 1 two-year college, 1 technical college, 1 commercial college, 1 pharmacy school, and multiple private school systems in Abilene. In 14, Forbes noted Abilene, Texas as one of the top places to retire.

3 FINANCIAL ANALYSIS Financial Analysis Stabilized Proforma INCOME 1 Gross Scheduled Rent $248, Less: Vacancy 5.00% Less: Bad Debt 1.00% Total Rental Income 94.00% Plus: Utility Income 400 Total Other Income 400 Effective Gross Income EXPENSES per site Repairs & Maintenance $150 Payroll 0 Administrative 50 Marketing 10 Professional Fees 25 Utilities 500 Total Variable Expenses $935 Taxes 225 Insurance 50 Management Fee 5.00% Total Operating Expenses $1,357 Plus: Capital Reserves 50 Total Expenses $1,407 NET OPERATING INCOME 12,4 2,484 $233,496 36,800 36,800 $270,296 Proforma Exp $13,800 18,400 4, ,300 46,000 $86,0,700 4,600 13,515 $124,835 4,600 $129,435 $140,861 UNDERWRITING ASSUMPTIONS 1. Average Rent of $225 used in GSR calculation based off market survey 2. Neighboring parks were at or near full occupancy 3. Utility Income assumes expense recovery of 80% 4. Expenses based off industry averages 5. Stabilized Proforma taxes set to $225 per site

PROPERTY AERIALS FORT WORTH DALLAS ABILENE TOP TEN EMPLOYERS EMPLOYEES Dyess

District 2,450 Abilene State Supported Living Center 1,400 City of Abilene

Texas 1,050 Abilene Christain University 850 Abilene Regional Medical Center

4 PROPERTY AERIALS FORT WORTH DALLAS ABILENE TOP TEN EMPLOYERS EMPLOYEES Dyess Air Force Base 5,051 Hendrick Health System 2,896 Abilene Independent School District 2,450 Abilene State Supported Living Center 1,400 City of Abilene 1,0 Texas Department of Criminal Justice 1,190 Blue Cross Blue Shield of Texas 1,050 Abilene Christain University 850 Abilene Regional Medical Center 750 Teleperformance USA 600 DOWNTOWN ABILENE Abilene State Supported Living Center

Taking Care of Business LOCATION AERIAL 83 372 84 372 DYESS AIR FORCE BASE Home to the 7th Bomb Wing with two B-1B Lancer squadrons and the 317th Airlift Group with two C-130 squadrons.

Dyess Air Force Base partners with the Abilene community to host what is known as The Annual World s Largest Barbeque.

Ranked the 17th best regional university in the West in 12 according to U.S. News & World Report.

BUFFALO GAP, TEXAS Home to the Chili Super Bowl, an annual event established in 1982 as a fundraiser that has the world s largest chili bowl, games, vendors, and more.

5 Taking Care of Business LOCATION AERIAL DYESS AIR FORCE BASE Home to the 7th Bomb Wing with two B-1B Lancer squadrons and the 317th Airlift Group with two C-130 squadrons. The air force base hosts an annual open house event featuring dozens of flight performances and high trained military airmen. Dyess Air Force Base partners with the Abilene community to host what is known as The Annual World s Largest Barbeque. ABILENE CHRISTIAN UNIVERSITY Private University with over 4,000 students enrolled. University Athletics compete in the NCAA Division 1 Southland Conference. Ranked the 17th best regional university in the West in 12 according to U.S. News & World Report. The theatre department has production throughout the year and offers an annual Shakespeare Festival during the summer. BUFFALO GAP, TEXAS Home to the Chili Super Bowl, an annual event established in 1982 as a fundraiser that has the world s largest chili bowl, games, vendors, and more. Just 6 miles south of Abilene, Buffalo Gap is a town that offers historical attractions such as the Buffalo Gap Historical Museum, a large museum of fifteen outdoor structures. Offers events such as Ghost Tours and the annual Buffalo Gap Food and Wine Summit that brings in hundreds of people and top level chefs from across the state. FRONTIER TEXAS Located in downtown Abilene, Frontier Texas is a museum that shows the legendary history of settlers and lifestyles in the Old West. Serves as a visitors information center for the Texas Forts Trail, one of ten Texas Historical Commission driving regions. PARAMOUNT THEATRE The historic Paramount Theatre was built in 1930 and is located in downtown Abilene. Has 1,199 split aisle seats and a Spanish-Moorish interior. Features opera performances, theatre productions, and classic movies.

Arnold Blvd Additional information for Abilene Estates is available on our website at: http://arausa.listinglab.

6 Arnold Blvd Additional information for Abilene Estates is available on our website at: NATIONAL MANUFACTURED HOUSING GROUP PRIMARY CONTACTS: Andrew Shih T Todd Fletcher T Jon Shay T NATIONAL MANUFACTURED HOUSING GROUP: 901 S. MoPac Expressway, Barton Oaks Plaza II, Suite 275, Austin, TX T This information has been derived from sources deemed reliable. However, it is subject to errors, omissions, price change and/or withdrawal, and no warranty is made as to the accuracy. Further, no warranties or representation shall be made by ARA, A Newmark Company (ARA Newmark) and/or its agents, representatives or affiliates regarding oral statements which have been made in the discussion of the above property. This presentation, prepared by ARA Newmark was sent to the recipient under the assumption that s/ he is a buying principal. Any potential purchaser is advised that s/ he should either have the abstract covering the real estate which is the subject of the contract examined by an attorney of his/her selection, or be furnished a policy of title insurance. Do not contact the Property.

CENTRAL PECOS RV PARK

CURRENTLY MASTER LEASED FOR $1K NET PER MONTH 13.% CAP RATE 211 VETERANS BLVD.,, TX 79772 For a video tour of Central Pecos RV Park, please visit: http://youtu.be/uudk2z2s93o REDUCED PRICE: $975, $925,