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15215 S.48 St, Suite 3-130 Phoenix AZ 85044
(C)623-680-4890 (O) 480-456-4100
ALHAMBRA MOBILE HOME PARK AND MINI-STORAGE
1264 E Montecito Dr
Globe, AZ 85501
Purchase Price: $2.85 Millions
Cap Rate: 8 %
Number of Units: 73 Mobile Home Units and 142 Mini Storage Units
Parcel Number: 20527088K,20527085A,20527084B,20527085B ,20527084A
Lot Size: Approximately 12 acres
Property Description
• Great investment opportunity!! Location..Location close to down town, school, restaurants
hotels and Highway access. City Water and individual sub meters on each units.
• Great upside potentials with New Improvements for the sewer to be connected through the city
sewer.
• Park consist of 24 park owned homes (1 DW, 23 SW), 38 Tenant Owned Homes, 11 vacant lots on
which few can accommodate doublewides. Built in 1973
• Storage Consist of 142 units ( 120 tenant occupied) & (22 vacant units), Built in 1991-1997
• Scheduled Gross Income- $ 383,645,06 (without potential income from 11 vacant lots).
• Net Operating Income- $229,583.
• **PLEASE DO NOT DISTURB TENANTS! CONTACT L/A FOR
SHOWINGS!!
Location: From Phoenix Head South on US – 60 east towards Globe, US 60 becomes E Ash St/ US-70 ,
Turn right onto Alhambra Dr, Left on Arcadia Dr to Mobile Home Park & Storage
Highlights
• 73 Mobile Home Spaces (78 % occupancy rate)
• 142 Units of Mini Storage(85% occupancy rate)
• City Water with private individual meters
• Wastewater System and Sewer connection to City is under way. The ADWWID provides sewer
service to the Alhambra Mobile Home Park. The ADWWID is pursuing funding, through RUS
grants and loans, to abandon the existing wastewater treatment and disposal facilities and
connect it’s force main to Globe sewer system. This project will minimize future sewer service
cost to Alhambra Mobile Home Park.
• High Demand Location close proximity to down town and Highways.
• City of Globe is located 80 miles east of Phoenix along US HWY 60 and 70 in the heart of
Arizona’s magnificent Tonto National Forest and is surrounded by spectacular mountain vistas.
Located in the foothills of Pinal Mountains at elevation of 3,500 feet. Globe is a mid-sized town
of 7,495 + population. It boomed in the 1860’s with the discovery of Silver. The silver was
quickly depleted but the abundant of copper kept the Town Thriving. Globe’s economy
remains heavily dependent on the missing industry and as of 2008 the city was home to one of
the few operating copper smelters In the United States. Many of the mines still operate but
today Globe is known for the many recreational opportunities available in the national forest
that surround the town.
• Potential extra land available for additional storage units(once the sewer is connected to the
City, 3 leachfield becomes available maybe use for auto storage in the bottom (2) leachfields,
and additional storage units on the top small leachfield)
• Potential rent Increase opportunity
• Property produces cash flow while planning on a "Great Opportunity "for re-development
project, such as apartments, condos or etc.
• Surrounded with nice residential areas.
• Seller wants to sell due to health issues and retirement
Confidentiality and Disclaimer
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed
only by the party receiving it from IREP REAL ESTATE PROFESSIONALS LLC should not be made available to any other person or entity
without the written consent of International Real Estate Professionals, LLC. This Marketing Brochure has been prepared to provide
summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject
property. The information contained herein is not a substitute for a thorough due diligence investigation. IREP REAL ESTATE has not
made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property,
the future projected financial performance of the property, the size and square footage of the property and improvements, the
presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical
condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or
intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been
obtained from sources we believe to be reliable; however, International Real Estate Professionals LLC has not verified, and will not
verify, any of the information contained herein, nor has IREP REAL ESTATE conducted any investigation regarding these matters and
makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential
buyers must take appropriate measures to verify all of the information set forth herein.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR
INTERNATIONAL REAL ESTATE PROFESSIONALS LLC AGENT FOR MORE DETAILS.
15215 S.48 St, Suite 3-130 Phoenix AZ 85044
(C)623-680-4890 (O) 480-456-4100
Alhambra Mobile Home Park andStorage1264 E Montecito Dr, Globe, AZ 85501
Ben GubacInternational Real Estate Pro LLC15215 S 48th St,Suite#130, Phoenix, AZ [email protected](623) 680-4890License: SA643776000
Price: $2,850,000
No. Spaces: 215
Price/Space: $13,255.81
Property Type: Multifamily
Property Sub-type: Mobile Home/RV Community
Property Use Type: Investment
Commission Split: 3%
Cap Rate: 8%
Year Built: 1973
Lot Size: 12 AC
Alhambra Mobile HomePark and Storage$2,850,000
Alhambra Mobile Home Park and Storage consist of 73mobile home spaces and 142 mini storage units. ThePark sits on approximately 12 acres(503,118 sqft) builtin 1973.Lot Rent from $235-$300 per month plusW/S/E/T. Potential rent increase opportunity!!! The mini-storage sits on 11,850 rentable sqft built in 1991 thru1997. Rent from $39-$119 per month. Potential rentincrease opportunity!!! The property is served by theCity Water with individual sub meters on each units.Onsite Septic wastewater system and City Sewerconnection is underway. Great investment opportunity!!Location..Location close to down town, school,restaurants hotels and Highway access.
73 mobile Home Space (78% Occupancy Rate)
142 Mini-Storage Units (85% Occupancy Rate)
City Water with private individual sub meters on each
units
Onsite Septic Sewer System and City Sewer
connection underway
Potential Rent Increase Opportunity
Great Opportunity for re-development projects such as
condos,apartments or etc.
•••
•
••
Financial Summary
AnalysisType Actual
Year 2014
Scheduled Gross Income $417,741
Effective Gross Income $381,227
Operating Expenses $151,664
Net Operating Income $229,583
1264 E Montecito Dr, Globe, AZ 85501
Alhambra Mobile Home Park & Storage is a Multi- Family non-age restricted park located inthe eastern portion of the City of Globe approximately 1/4 mile south of US Hwy 60 in Globe,Arizona. It's a peaceful residential area in the Globe-Miami area, surrounded by residentialareas & mountain views, with an economic base of Mining and Tourism and lots of retirees.
Property Photos
Property Photos
Property Photos
Property Photos
Property Photos
May 15 vs. 3 mo. prior Y-O-Y
— State $51,904 +5.5% +13.7%
Market Trends
ALHAMBRA MHP RENT ROLL - April 16, 2015Monthly Rent
ALH01 Henderson,Kendra 575 ALH34ALH01A Ross,Twila 450 ALH35ALH02 Empty Lot 1 300 ALH36ALH03 Clark 595 ALH37ALH04 Stephens, Cassandra 250 ALH38ALH05 Moreno, Joe 245 ALH39ALH06 Martindale, David 300 ALH40ALH07 Chavez, Linda 650 ALH41ALH08 Moltz, Shandelle 250 ALH42ALH9 Empty lot 2 300 ALH43ALH09A Poeling, Rick 625 ALH44ALH10 Empty Lot 3 300 ALH45ALH10A Quiroz 595 ALH46ALH11 Kimbrough, Amber 250 ALH47ALH12 Fodera, Patsy 275 ALH48ALH13 Huffstetler, Jim 250 ALH49ALH14 Bowyer, David 250 ALH50ALH15 Myers, Monica 235 ALH51ALH16 Lopez, Gloria 235 ALH53ALH17 Rodriguez, Art 275 ALH52ALH18 Owen, Randy 595 ALH54ALH19 Phillips, Marsala 300 ALH55ALH20 Begay, Alice 235 ALH56ALH21 Peters,Jason 600 ALH56AALH22 Roberds, Cherry 250 ALH57ALH23 Jones, Carol 235 ALH57AALH24 Kuehneman 275 ALH58ALH25 Empty Lot 4 300 ALH59ALH26 Ross, Emma 245 ALH60ALH27 Sullivan, Alicia 575 ALH60AALH28 Edwards 575 ALH61ALH29 Benton, Ronald 235 ALH62ALH30 Begay, Kristin 495 ALH63ALH31 Vacant home 1 525 ALH64ALH32 Vacant home 2 300 ALH65ALH33 Puzzi, Ron & Anne 475 ALH66
13420 ALH67
Total Monthly Park Rent (73 spaces): TOTAL
Monthly Rent
Begay, Gulian 245Phillips, Gracie & Jennifer 495Empty Lot 5 300Berglund, Chuck 525Phillips, Thomas 235Empty Lot 6 300Atkinson, Robert 235Huffstetler, Erica 600Zune,Victor 650Kirkpatrick, Michael 235Small, Sally 245Gutierrez, James 250Madrid, Rochelle 575Empty Lot 7 270Empty Lot 8 300Caldera, Cassie 500Schlink, Tylor 500Vacant home 3 575Empty Lot 9 300Sermeno, Michael 235Burdette, Cynthia 235Myers, Jason 235Edmiston, Jim 245Wright, Dale 300Empty Lot 10 245Knox, Khristina 235Flores,Nicole 300Baker, Renee 235Martin, Deborah 235Castaneda, John 235Powell 275Daou, Toni 250Moran, Louis 235Moody, Myron 245Park Storage 300Park Office 300Empty Lot 11 300
11975$25,395
ALHAMBRA STORAGE RENT ROLL - 8/1/14
S001 Barta-Greenwalt, Jo 39$ S049 Dyas, Jeffrey & Lynette 69$ S097 Vacant 69$
S002 Key, Audrey 39$ S050 McGroarty, Chris 69$ S098 Moody, Myron 69$
S003 Hooke, Delisa 39$ S051 Chambers, Dennis 69$ S099 Vacant 49$
S004 Ruiz, Debbie 39$ S052 Sabre, Natalie 69$ S100 Vacant 49$
S005 Starr, Michael 39$ S053 With S018 Roberson 69$ S101 Hillman, Virginia 49$
S006 Durham, Dottie 39$ S054 Cano, Thomas 69$ S102 Overgaard, Gayl 49$
S007 Moody, Myron 39$ S055 Swift, Sherlyn 69$ S103 Shapiro, Howard 39$
S008 Dyas, L (billed on S049) 39$ S056 Van Drome, Kenneth 49$ S104 Robles, Maria 39$
S009 Duncan, Lydia 39$ S057 Kimbrough, Clayton 49$ S105 Vacant 39$
S010 Gutierrez, Audra 39$ S058 Seppala, Randy 49$ S106 Vacant 39$
S011 McConnell, Carl 39$ S059 Vacant 49$ S107 Gila County Attorney 119$
S012 Morales, Suzy 39$ S060 Seppala 49$ S108 Seppala, Bryan 119$
S013 Ownsby, Matt 39$ S061 Cordova, Ed 49$ S109 Gila County Attorney 119$
S014 Falquez, Jesus 39$ S062 Durham, Dorothy 39$ S110 Gila County Attorney 119$
S015 Rustin, Bonnie 49$ S063 Dunn, Vickie 39$ S111 Edwards, Jessie 69$
S016 Listiak, Vicki 69$ S064 Caldera, Frank 39$ S112 Vacant 69$
S017 vacant 69$ S065 Ward, Clara 39$ S113 Vacant 69$
S018 Robertson, James 69$ S066 Bejarano, Henry 39$ S114 Philpot, JD 69$
S019 Powell, Paula 69$ S067 Vacant 49$ S115 Gila County Attorney 119$
S020 Jones, Rhonda 69$ S068 Owen, Michael 69$ S116 Montoya, Donna 119$
S021 Dyas, L (billed on S049) 69$ S069 Hartman, Renee 69$ S117 Empty 119$
S022 Rustin, Bonnie 49$ S070 Martin, Matthew 69$ S118 Nelson, Dee 119$
S023 Warden, Eva 39$ S071 Emery, Pat 69$ S119 Yerkovich, Christopher 69$
S024 Morton, Stephen 39$ S072 Rivera, Minnie 69$ S120 Carragher, Jeanne 69$
S025 Zaragoza, Herman 39$ S073 Belkna, Chris 69$ S121 Vacant 69$
S026 Curley, Ophelia 39$ S074 Vacant 69$ S122 Vacant 69$
S027 Vidales, Daniel 39$ S075 Vacant 69$ S123 Weitz - Reynolds 69$
S028 Belknap, Chris 39$ S076 Homan, Melissa 69$ S124 Rico, Kelly 69$
S029 Snowden, Patricia 39$ S077 Hooke-Gilbert, Linda 69$ S125 Carragher, Jeanne 69$
S030 Huffstetler, Jim 39$ S078 Hernandez, Diane 69$ S126 Bates, Patricia 39$
S031 Antonio, Jennifer 39$ S079 Burdette, Brenda 69$ S127 Payton, Heather 39$
S032 Martinez, Megan 39$ S080 Vacant 69$ S128 Jones, Sabrina 39$
S033 Jones, Rhonda 39$ S081 AZ Tooth Dr for Kids 69$ S129 Vacant 39$
S034 Morton, Dana 39$ S082 Casoose, Victoria 49$ S130 Gilbert, Estralita 39$
S035 Lagunas, Connie 39$ S083 Parolini, Joseph 39$ S131 Vacant 99$
S036 Fleming, Jamie 39$ S084 Vacant 39$ S132 Reede, Madeline 99$
S037 Cassa,Karla 39$ S085 Bendle, Terrel 39$ S133 Mitchell, Joyce 99$
S038 Desert Ophthalmology 39$ S086 Smith, Thomas 39$ S134 Vacant 99$
S039 Nez, Carole 39$ S087 Stevens, Veronica 49$ S135 Vacant 99$
S040 Cadue, Christina 39$ S088 Allen, Paul 49$ S136 Rico, Kelly 99$
S041 Reede, Tawnya 39$ S089 Small - Hogenson 49$ S137 Haynes, Sonia 99$
S042 Ward, Clara 49$ S090 Pruitt, Brenda 49$ S138 Scales, Gary 39$
S043 Sanchez, Mario 49$ S091 Jenkins, Neta 69$ S139 Tavares, Katherine 39$
S044 Bates, William 49$ S092 Vacant 69$ S140 Superior Court Clerk 39$
S045 Cardoza, Raymundo 49$ S093 Mediz, Melba 69$ S141 Cobb, Leslie 39$
S046 Vacant 49$ S094 Vacant 69$ S142 Miles, Sheryl 39$
S047 Marcanti 49$ S095 Nimtz, Mary 69$
S048 Main, Ralph 69$ S096 Morrow, Bill 69$
TOTAL MONTHLY STORAGE RENT ( 142 spaces) 8,248$
ALHAMBRA MHP NOTE PAYMENT RECEIVEBLE April 16, 2015
Monthly Note Payment 2nd Note Total
P & I
ALH05 Moreno, Joe $489.86ALH06 Martindale, David $200.00ALH26 Ross, Emma $327.98 $100.00ALH34 Begay, Gulian $267.88 $645.00ALH45 Gutierrez, James $274.27ALH64 Moody, Myron $354.94
TOTAL NOTE PAYMENT $1,914.93 $745.00 $2,659.93