docSTONEWOOD RANCH - Mobile Home Parks for Sale
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STONEWOOD RANCH - Mobile Home Parks for Sale
STONEWOOD RANCH A DALLAS MSA MANUFACTURED HOME COMMUNITY 100 PARMA COURT SANGER, TX 78266 For a video tour of Stonewood Ranch go to: http://youtu.be/td9c8AhBcrQ Wichita Falls 70 35 Paris Sherman 281 75 Sanger 30 Denton Mt Pleasant Plano Fort Dallas Worth 20 154 20 Longview Tyler Stephenville 35 205 SITE MHC INVESTMENT OPPORTUNITY PRICE: $4,000,000 TERMS: ALL CASH STONEWOOD RANCH S TO N E W O O D R A N C H Price : $4,000,000 Terms: All Cash INVESTMENT HIGHLIGHTS SITE INFORMATION ADDRESS 100 Parma Court Sanger, TX 76266 • Opportunity to acquire a sizable all age community within the Dallas/Fort Worth MSA. COUNTY Denton • TAX MAP PARCEL 56668DEN; 57569DEN; 57532DEN; 56706DEN Vacancy upside potential with an opportunity to purchase the community at an attractive basis and implement a sales or leasing program. SCHOOL DISTRICT Sanger ISD • SITES 205 Community is appropriately positioned to capture growing demand for attractive affordable housing in the market. COMMUNITY TYPE All-Age • YEAR BUILT 1978 The sale includes 65 inventory homes, 39 that are occupied. There are also 8 abandoned homes in the community in the process of getting title. LAND SIZE 43.93 acres (includes ~14 acres of expansion land) • Opportunity to expand the community on ~14 acres of vacant land included with the property. OCCUPANCY 69.76% (as of 12/25/12) • MARKET LAND LEASE RENTS Amenities include an on-site office, playground and basketball court. $350 (utilities billed separate) • INVENTORY HOMES 65 (39 Occupied as of 2/5/13) The community is serviced by municipal utilities through the City of Sanger. Water is sub-metered and billed back to tenants. ABANDONED HOMES 8 (as of 2/5/13) ROADS Asphalt AREA HIGHLIGHTS • Stonewood Ranch is located in Sanger, TX approximately 50 miles North of both Dallas and Fort Worth, 10 miles North of Denton, TX and only 37 miles North of the DFW International Airport. UTILTIES WATER City of Sanger (billed back to tenants) SEWER City of Sanger (direct billed to tenant) • Sanger has a population of nearly 7,000 and is expected to grow 10.5% between 2013 and 2018. ELECTRICITY CoServ Electric (direct billed to tenants) • GAS City of Sanger (direct billed to tenants) The community provides convenient access to Interstate 35, which leads South to Fort Worth and Dallas, and North to Oklahoma. • TRASH City of Sanger (direct billed to tenants) Walmart is the largest employer in Sanger with 768 employees and a 1.2 million sf regional distribution center. • Other major employers in the area include the University of North Texas in Denton with over 7,700 employees, Weber Aircraft in Gainesville, Texas Woman’s University, and the Winstar Casino 28 miles North in Thackerville, OK. • The Winstar Casino is the largest casino in Oklahoma and the third largest casino in the nation. • Sanger ISD maintains a “recognized” status by the Texas Education Agency and enjoys a low student-to-teacher ratio. • Sanger is situated on the western edge of Lake Ray Roberts, a 29,350 acre lake built by the Army Corps of Engineers that provides the community with recreational opportunities including boating, fishing, and camping. 205 SITE MHC INVESTMENT OPPORTUNITY PRICE: $4,000,000 TERMS: ALL CASH STONEWOOD RANCH S TO N E W O O D R A N C H F I N A N C I A L A N A LY S I S UNDERWRITING ASSUMPTIONS 1. 2. 3. 4. 5. 6. Actual 2011 and 2012 numbers based on financials provided by the client Proforma GSR based on the December 25, 2012 Rent Roll Utility and Other Income grown 3% from 2012 Adjusted Utilities are grown 3% from 2012 Proforma Taxes = 2012 Tax (as shown in the Denton County Assessor Records) grown by 3% (2012 mill rate = 2.287983%) Proforma Capital Reserves do not reflect actual expense and are estimated at $50/site 205 SITE MHC INVESTMENT OPPORTUNITY PRICE: $4,000,000 TERMS: ALL CASH STONEWOOD RANCH S TO N E W O O D R A N C H A E R I A L & D E M O G R A P H I C S Sanger High School Chapman Rd SONIC Super Save Super Market 35 Keaton Rd Sanger City Hall 138 Sanger Public Library Willow St 77 35 Duck Creek Rd Keaton Rd STONEWOOD RANCH Sanger Middle School A&W Productions Railroad Ave 35 Clear Creek Intermediate School Source 2013 Claritas, Inc. 2013 Population Estimate 2018 Population Projection Population Growth 2010-2013 Population Growth Estimate 2013-2018 1 mile 5,204 5,727 6.44% 10.05% 3 mile 8,954 9,918 7.07% 10.77% 5 mile 13,191 14,567 6.78% 10.43% 2013 Family Household Estimate 2018 Family Household Projection Family Household Growth 2010-2013 Family Household Growth Estimate 2013-2018 1,779 1,937 4.96% 8.88% 3,106 3,417 5.97% 10.01% 4,659 5,132 6.27% 10.15% 30.75% 69.25% $60,844 $123,691 28.85% 71.15% $64,276 $132,860 26.79% 73.19% $67,331 $141,685 Renter Occupied Percentage Owner Occupied Percentage 2013 Est. Average Family Household Income 2013 Est. Median Owner-Occupied Housing Value 205 SITE MHC INVESTMENT OPPORTUNITY PRICE: $4,000,000 TERMS: ALL CASH STONEWOOD RANCH DIAMOND GROVE AERIAL S TO N E W O O D R A N C H LO C AT I O N M A P & E M P LOY M E N T I N F O Lake Texoma THACKERVILLE Hagerman National Wildlife Refuge 82 Caddo National Grassland SHERMAN GAINESVILLE 35 75 SANGER Lake Ray Roberts 289 Caddo LBJ National Grasslands DENTON 380 MCKINNEY Lewisville Lake 287 GREENVILLE 30 Levon Lake 30 35W Eagle Mountain Lake 35E WEATHERFORD 20 30 FORT WORTH BUSINESS University of North Texas - Denton Winstar Casino - Thackerville, OK Weber Aircraft - Gainesville Texas Woman's University - Denton Walmart Distribution Center - Sanger Sally Beauty Company - Denton Denton Regional Medical Center Thermadyne - Denton Jostens, Inc. - Denton James Wood Auto Parts - Denton Texas Health Enterprises - Denton Anderson Merchandisers - Denton 635 Lake Ray Hubbard Lake Tawakoni DALLAS MAJOR AREA EMPLOYERS APPROX BUSINESS # OF EMPLOYEES DISTANCE 13 miles Higher Education 7,762 28 miles Casino 3,000+ 22 miles Manufacturing - Airline Seats 1,300 14 miles Higher Education 1,000-2,449 3 miles Regional Distribution Center 750+ 15 miles Cosmetics 500-999 14 miles Healthcare 500-999 13.5 miles Manufacturing - Welding 420+ 15 miles Manufacturing - Jewelry 250-499 15 miles New Car Dealer 250-499 13 miles Healthcare 250-499 13 miles Transportation & Warehousing 250-499 Source: North Central Texas Council of Government 205 SITE MHC INVESTMENT OPPORTUNITY PRICE: $4,000,000 TERMS: ALL CASH STONEWOOD RANCH S TO N E W O O D R A N C H R E N T CO M PA R A B L E S STONEWOOD RANCH 5 1 2 4 3 205 SITE MHC INVESTMENT OPPORTUNITY PRICE: $4,000,000 TERMS: ALL CASH STONEWOOD RANCH DIAMOND GROVE AERIAL S TO N E W O O D R A N C H A E R I A L STONEWOOD RANCH 35 Keaton Rd 138 35 205 SITE MHC INVESTMENT OPPORTUNITY PRICE: $4,000,000 TERMS: ALL CASH STONEWOOD RANCH w Information for Stonewood Ranch is available on our website at: www.arausa.com/listinglab/stonewoodranch For a video tour of Stonewood Ranch go to: http://youtu.be/td9c8AhBcrQ 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 Apartment Realty Advisors (ARA) 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, 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. ARA NATIONAL MANUFACTURED HOUSING GROUP: 901 S MoPac Expressway Barton Oaks Plaza II, Suite 275 Austin, TX 78746 Andrew Shih ashih@arausa.com T 512-637-1219 Todd Fletcher tfletcher@arausa.com T 303-260-4470 www.arausa.com © ARA. All Rights Reserved Brian Vita bvita@arausa.com T 512-637-1221 RELATIONSHIPS THAT DELIVER RESULTS.
