55+ TENANTS!!! Asking price is $2,575,000.00 ($12,623.00 per pad) There is an existing note recently placed on the property for $1,500,000.00 with the National Bank of Arizona. The pre payment penalty is a 5,4,3,2,1. After having a discussion with the bank, any purchaser, upon qualification, can restructure this note (for better leverage) with the National Bank of Arizona and they will waive the pre payment penalty. The ACTUAL NOI for 2014 is $239,867.42. The size of each site ranges from 28 X 45 to 33 X 50. The electric is all pedestals, the streets are stone with concrete curbing. The common area is comprised of an office, mail room and small gathering area with a kitchen. There is a separate laundry building (12 washers / 12 dryers) with his & hers showers.

The park is on a SEPTIC SYSTEM (17 tanks) and the owner will provide Arizona Department of Environmental Quality certification reports for the purchaser during the due diligence period that the tanks comply with the standards set by the state and are in working order.

The park is on a 12 acre parcel with a traffic light at the main entrance and is located on the north side of 32nd Street just west of Araby Road.