Canada Commercial Realty

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C.403.680.6130 | francislee@canadacommercialrealty.ca

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TRAILER PARK IN BIG CITY AB

Views: 144

Listing Serial No.

FO1712433835

Price

$5,250,000

Description

INVEST SUMMARY

DESCRIPTION:     74 Pad ( average   $550/month), Has  not increased last  4  years.

SITE AREA:                                       Situated on a  10.93 Acres

 

ZONE                                                  R4

 

REVENUE(June30)                            2021  : $507,750, 2022  : $504,787,2023 : $505,296

 

NOI                                                     2022  : $279,063,    2023:$247,734

 

DESCRIPTION  : The subject property is  a 74  stall  mobile home park  fully occupied  with  only one site vacant .The park has paved  internal roadways ,pole street lights and is landscaped. The site overall appears to  be perimeter wood and chain linked  fence. The site is fully  serviced  with the full array of city of the xxxxxxx service (water, sewer, electricity, natural gas, garbage removal/reclining, telephone  etc). In addition ,the city of the xxxxxxxxx  provides  police and fire protection. There  are  also fire hydrants located within xxxxxx Mobile Home Park. The 74  sites are individually   metered for electricity and natural gas usage which  are paid by  tenant, The owner of parks pays for the street light, road maintenance, common area landscaping included tenant’s  rent  is coverage for water, sewer and garbage removal. There is  extra 0.35 land  on southern boarder that  is partly  paved and graveled and used for rental parking .There is 1.15 Acres land on northern border which can be developed for the future mobile home development.

 

 

CONFIDENTIALITY AGREEMENT

    RE :

    I hereby acknowledge that information regarding above business(es) and /or Seller(s) is being provided to me SECRECY and CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) or property through Maxwell Canyon Creek Realty Francis Lee.

    I agree that such information will be held in strict confidence, that all matters concerning the a aforementioned property will be handled through Maxwell Canyon Creek Realty Francis Lee, that I will not approach or attempt to deal with the owners or employees either directly or indirectly.

    I agree not to disclose any of the information given in connection herewith, either directly, or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purpose or to circumvent Maxwell Canyon Creek Realty in any transaction or contact with the Seller(s). I agree not to make copies any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the business.
    Further, I agree that all inquires, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Maxwell Canyon Creek Realty Francis Lee. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business or property.

    I agree that any breach of the Confidential Agreement (the “Agreement”), directly or indirectly, will be harmful to the Seller(s) and Maxwell Canyon Creek Realty . In consideration for the information given, I agree that the laws of Alberta will govern this Agreement and that all actions that may arise in law and or equity shall be brought in Alberta.

    Accepted and agreed this .