Offered at $1,999,500

Transcription

1 OFFERING MEMORANDUM BURNS RV PARK 1273 Seneca Drive Burns OR 8.4% CAP RATE Hwy 20 Offered at $1,999, /- acres Major renovations to entire park recently 52 total sites; 48 full hook up sites & 4 dry camp sites Zoned City Services Grade level Full access to all utilities Financials available upon signed non disclosure agreement & proof of buyers ability to perform Brian Fratzke, CCIM, Principal brian@fratcommercial.com O C Collier Ehlers, Broker collier@fratcommercial.com O C

2 NOTICES With You Every Square Foot of the Way. 963 SW Simpson Ave., Suite 220 Bend, OR www. fratzkecommercial.com Brian Fratzke, CCIM Nick Vaughn, Broker Tom Tapia, CCIM Dan Steelhammer, Broker Collier Ehlers, Broker Chris Cochran, Director of Property Management Kristine Parker, Office Manager DISCLAIMER: This information is from sources we deem reliable, but for which we assume no liability. This is an exclusive listing. The information contained herein is given in confidence with the understanding that all negotiations pertaining to this property be handled through Fratzke Commercial Real Estate. All measurements are approximate.

3 TABLE OF CONTENTS 1. PROPERTY OVERVIEW 2. PROPERTY DETAILS 3. AERIAL/TAX MAP PHOTO 4.

4 PROPERTY OVERVIEW PRICE: $1,999,500 CAP RATE: 8.4% LOT: /- Acres (2 tax lots) ZONE: City Services - Mobile Home/RV Park (dual zoning) Burns RV Park is located in beautiful Eastern Oregon in Harney County and sits at 4,150 feet in elevation. The RV park is located on the east side of Burns, Oregon, bordering the south side of Highway 20 and the Silvies River. The park is a great overnight destination for many travelers and snowbirds heading from the National Parks, and people traveling between Utah, Idaho, Arizona, Washington, and California. Twice each year the park attracts snowbirds making their migration between the Pacific Northwest and the desert. The park is extremely busy between April 1st and October 31st with minimal vacancy. The park features very wide and long full hook up sites with great shade trees and green grass throughout. WiFi is available anywhere within the park, as well as satellite TV available at all hookups. It has resale propane, showers, laundry facilities, a store stocked with beer & wine for purchase along with a cafe that is permitted for food prep and sales. Espresso drinks, ice cream, and snacks are available in the store. There is a community area featuring a nightly fire pit with yard games, BBQ s and many other outdoor activities. A local touch differentiates this lodging option from the rest, allowing the customers a very safe at home feel while on the road. The park has engaged in co-marketing and branding with over a dozen businesses in Burns which creates a wonderful referral network. The park averages 35% of its bookings as yearly renewals. Past two years financials available upon signed NDA and proof of buyer funds.

5 PROPERTY DETAILS BURNS RV PARK 1273/1264 SENECA DRIVE BURNS, OR ACRES: /- Acres (two taxable lots) ZONED: City Services - Mobile Home/RV Park (dual zoning) SITES: 48 full hook up, water/electric only and 4 dry sites in Loop A & B (Includes foot large dual sewer, full hook up, pull thru sites) (Includes 15 meter sites for monthly - presently 0 monthly tenants) SITES: 2 rustic cabins 10 ft x 20 ft w/picnic tables & Bar-B-Q s (sleeps 4 each - recently renovated) 3 tipis - 20 ft on concrete pads w/picnic tables & Bar-B-Q s (sleeps 6 each; new in 2018) 10 tent sites - Loop A (overflow in Loop C) Loop C - dry camping with gazebo & new bathroom/laundry/sink in April ON SITE: Double wide manufactured home on site (manager/owner living) Office-registration area with store & cafe - licensed for food prep & sales (2) Restrooms with showers (men/women); 1 restroom is new for 2019 (2) Laundry facilities (each has 2 washers/2 dryers) Storage building with shop & garage door Pumphouse and air conditioned satellite building New gazebo on concrete pad (with picnic tables and Bar-B-Q) 1000 gallon propane tank Tent/picnic area (with picnic tables and Bar-B-Q) New Wi-Fi system with dedicated tower (increased bandwidth) New front fence November 2018 Outstanding reviews. Exceptional improvement in reviews since current owners took over.

6 AERIAL/TAX MAP SUBJECT PROPERTY

7 Hwy 20 Aerial

8 Reservations & Cafe Cafe & Store

9 Reservation area Cafe patio

10 Storage & Shop

11 Restrooms Laundry

12 Manager s home

13 Interior - Manager s home

14 Cabins

15 Gazebo Loop A

16 Tipis