TITLE:
CAMPGROUND/ CORP RETREAT
CONTROL:
Owner
VALUE:
$1,995,000
LOAN:
$1,400,000
EQUITY:
$595,000
TYPE:
Resort Property
HAVE:
Multiple buildings (see below) on 13 Ac outside of City Limits of Wimberley, TX (Hays Co) near Austin. Previously used as a drug and alcohol treatment facility and prior to that was a campground operated by a local non -profit
ADDRESS:
10703 RANCH ROAD 12, WIMBERLEY, Texas
BENEFITS TO NEW OWNER:
PREVIOUSLY DRUG AND ALCOHOL TREATMENT CENTER PAID $22K/MO NNN
listed w local CCIM : 2.5% to SO on sale/paper out. YKYIKM on Exch
GROSS SCHEDULED INCOME:
$264,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$264,000
EXPENSES:
$0
NOI:
$264,000
DEBT SERVICE:
$136,800
CASH FLOW:
$127,200
CAP RATE:
13.23%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$14,000,000
$11,400
9%
05/31/2029
Yes
BENEFITS SOUGHT:
taker /user/ investor/ developer
down and out or look at other problem properties. will lease/option on soft terms
CAN ADD:
2AC on hwy adjacent w 2400sq.ft. comml bldg , motel Joshua Tree Ca, other paper to$1M, Cash to $500k, other packages in book.
REMARKS:
One large (4/3, 2200sq.ft) SFR , one small SFR, TEN cabins (sleep 3-4 ea) ave 280 sq.ft. one "great room" dining hall and commercial kitchen. Horse Stable. all on 13 AC outside of city limits. Have 2021 MAI appraisal of $2.5M w/ prior lease in effect
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange, California, 92869
