INVESTMENT OFFERING Fairview Park 6728 W. Fairveiw Ave. Boise, ID 83704 N ALLUMBAUGH ST W FAIRVIEW AVE N FRY ST N RAYMOND ST
Confidentiality Agreement Fairview Park 6728 W. Fairview Ave Boise, ID 83704 SIGN AND RETURN VIA EMAL OR FAX TO: Trevor Caster Caster Investment Group, 533 E. Riverside Drive Ste. 104, Eagle, ID 83616 Email: trevor@casterinvestment.com - Fax: 208-493-1044 In connection with the offering of the approximately 54 space Mobile Home Park known as Fairview Park and located at 6728 Fairview Ave. Boise, ID 83704 (the Property ) for sale by Caster Investment Group, the undersigned has requested copies of the investment offering package for the Property (such package, together with any other documents or information provided through Caster Investment Group [its Agent ] regarding the Property being referred to collectively below as the Information ). Caster Investment Group is or will be furnishing the Information to the undersigned on the condition that the undersigned will keep the information confidential. In consideration of the foregoing and other good and valuable consideration, the undersigned hereby agrees that it will keep the Information confidential, and the Information shall not be disclosed to anyone other than the Potential Purchaser s partners, employees, legal counsel and institutional lender (who the undersigned shall require to keep the Information confidential, Related Parties ), for the purpose of evaluating the potential purchase of the property. The undersigned further agrees to promptly return all original copies of the documents included in the Information received by the undersigned, and all photocopies of such documents made by the undersigned and its Related Parties, to Caster Investment Group if requested to do so in writing. Please do not visit the Property without prior express permission. Please do not contact on-site personnel or tenants. The undersigned hereby agrees to not enter the Property and to not contact any on-site personnel or tenants or Property Owner in any way either directly or through Related Parties without prior receipt of express permission from Owner. Potential Purchaser hereby indemnifies and holds harmless Property Owner, its Agent and their respective affiliates and successors and assigns against and from any damage, loss, liability or expense, including attorney s fees, arising out of any breach of any of the terms of this agreement. The undersigned certifies that all information relative to this offering will not be disseminated to or used by any principals, agents or parties other than those stated hereunder. Potential Purchaser is acting as a Principal and hereby represents that no other broker or agent is involved on the Potential Purchaser s behalf. Your signature below confirms that you have accepted this registration. POTENTIAL PURCHASER: By: Print Name: Title: Date: Company: Address: Telephone: Fax: Email: 1
Executive Summary Fairview Park 6728 W. Fairview Ave Boise, ID 83704 Fairview Park 54 Space Mobile Home Park 6728 Fairview Ave. Boise, ID 83704 Offering Highlights $19,352/Space 10.8% Stabilized Cap Rate Central Capital City Location High Occupancy Market Area SELLER FINANCING IS AVAILABLE Purchase Price: $1,045,000 Location Boise, ID Visibility and Access from Fairview Ave. & Fry St. & Allumbaugh St. Property Description Total Spaces: 54 Home Spaces: 39 RV Spaces: 15 Total Park Owned Homes: 9 Electric: Tenant - City Service Gas: Tenant - City Service Water: Landlord - City Service Sewer/Trash: Landlord - City Service Zoning: C-2D Lot Size: +/- 3.32 acres Internal Roadways: Asphalt Occupancy Economic: 63% Physical: 65% The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 2
Property Photographs
Aerial Photo The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 4
Property Photos The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 5
Property Photos The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 6
Property Photos The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 7
Property Photos The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 8
Property Maps
Site Map 48 47 46 45 44 43 49 37 38 39 40 41 42 15 36 14 13 12 16 17 18 35 34 33 11 19 32 10 20 31 9 8 7 21 LAUNDRY 30 29 28 51 52 53 54 55 56 57 6 22 50 5 23 4 24 3 25 2 26 1 27 The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 10
Area Map S COLE RD W FAIRVIEW AVE N FRY ST W EMERALD ST The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 11
City Map EAGLE GARDEN CITY BOISE The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 12
Area Information & Demographics
Boise, ID Area Description BOISE, ID - Is the capital city of the state, and is also the center of commerce, population, and politics in Idaho. Several smaller communities also thrive near Boise, comprising a metro area population that will exceed 800,000 people by 2014. Boise is known for more than just potatoes, and is an especially vibrant economic environment for high-tech companies, health care, service, tourism, and retail industries. Many nationally and globally recognized corporations call Boise home, including Micron Technology, Hewlett Packard, Citicorp, Direct TV, J.R. Simplot, Walmart, Supervalu, Inc and many others. Forbes consistently touts Boise as one of the best places in the country to do business, raise a family, and to live. The Boise Valley is located 430 miles from the seaport terminal of Portland, OR; 384 miles south of Spokane, WA; and 360 miles northwest of Salt Lake City, UT. EDUCATION - The Boise area offers a wide range of higher education, including Boise State University, Northwest Nazarene College, and Concordia University School of Law. In addition, the University of Idaho and Idaho State University both maintain satellite campuses in Boise. BSU is located in the heart of Boise with an enrollment of 22,678 students from 65 countries, has 7 colleges and offers nearly 200 degrees. BSU is also the home of Boise State Bronco football, which is a Division 1 team as well as a member of the Mountain West Conference. MEDICAL CENTERS - St. Luke s Medical Center was founded in 1902, and is now Idaho s largest health care provider. St. Luke s Boise is known for its Centers of Excellence in cancer, heart, and women s and children s care, and is home to St. Luke s Heart, St. Luke s Mountain State Tumor Institute, St. Luke s Center for Minimally Invasive Surgery, and St. Luke s Children s Hospital, the only children s hospital in Idaho. St. Alphonsus Health System is a four-hospital regional facility that serves 700,000 people in two states. St. Al s is anchored by the only Level II Trauma Center in the region, providing the most experienced care to the most critically ill patients. Centers of Excellence include: Cardiovascular, Neuroscience, Oncology, Orthopedics, Trauma & Emergency and Women s & Children s. ATTRACTIONS - The unparalleled natural landscape that surrounds Boise provides the perfect backdrop for top-notch recreation sites. The City of Boise maintains 137 parks and 125 miles of foothill trails, various sporting facilities, dog parks, and swimming pools. The Boise River Greenbelt is a popular attraction for walkers, runners, and cyclists alike. The Greenbelt connects more than 850 acres of parks and natural areas. Outside of the city limits approximately 2,612,000 acres of woodland can be found at the Boise National Forest. Visitors can camp, hike, fish, go white water rafting, and hunt. Winter sports enthusiasts have Bogus Basin in Boise, Brundage Mountain in Mc- Call, and Bald Mountain in Sun Valley to choose from for world class skiing, snowboarding, and snowmobiling. The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 14
Site Map 6728 W Fairview Boise, ID 6728 W Fairview Ave, Boise, ID, 83704 Latitude: 43.619199 Ring: 1, 3, 5 Miles Longitude: -116.265829 This site is located in: City: Boise City County: Ada County State: Idaho Census Tract: 16001001202 ZIP Code: 83704 Census Block 160010012023 CBSA: Boise City-Nampa, ID Metropolitan Statistical Area (14260) The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 15
Demographic & Income Profile 6728 W Fairview Boise, ID 6728 W Fairview Ave, Boise, ID, 83704, Latitude: 43.619198984 Ring: 5 mile radius Longitude: -116.2658293 Summary Census 2010 2012 2017 Population 205,789 210,627 225,321 Households 85,647 87,813 94,312 Families 50,538 51,078 54,849 Average Household Size 2.36 2.35 2.35 Owner Occupied Housing Units 51,859 51,177 55,158 Renter Occupied Housing Units 33,788 36,636 39,154 Median Age 35.4 35.6 36.3 Trends: 2012-2017 Annual Rate Area State National Population 1.36% 1.13% 0.68% Households 1.44% 1.22% 0.74% Families 1.43% 1.24% 0.72% Owner HHs 1.51% 1.27% 0.91% Median Household Income 3.18% 3.54% 2.55% 2012 2017 Households by Income Number Percent Number Percent <$15,000 11,348 12.9% 11,499 12.2% $15,000 - $24,999 9,628 11.0% 7,614 8.1% $25,000 - $34,999 11,614 13.2% 9,040 9.6% $35,000 - $49,999 13,514 15.4% 12,316 13.1% $50,000 - $74,999 18,461 21.0% 23,982 25.4% $75,000 - $99,999 9,061 10.3% 12,615 13.4% $100,000 - $149,999 9,214 10.5% 11,240 11.9% $150,000 - $199,999 2,774 3.2% 3,546 3.8% $200,000+ 2,201 2.5% 2,460 2.6% Median Household Income $46,843 $54,775 Average Household Income $61,663 $69,307 Per Capita Income $26,132 $29,414 Census 2010 2012 2017 Population by Age Number Percent Number Percent Number Percent 0-4 13,472 6.5% 13,670 6.5% 14,570 6.5% 5-9 12,890 6.3% 13,039 6.2% 13,830 6.1% 10-14 12,486 6.1% 12,533 6.0% 13,477 6.0% 15-19 13,622 6.6% 13,275 6.3% 13,518 6.0% 20-24 16,960 8.2% 17,648 8.4% 17,402 7.7% 25-34 32,408 15.7% 33,620 16.0% 36,197 16.1% 35-44 26,227 12.7% 26,012 12.3% 27,170 12.1% 45-54 28,781 14.0% 28,579 13.6% 28,323 12.6% 55-64 24,343 11.8% 26,012 12.3% 29,122 12.9% 65-74 12,933 6.3% 14,131 6.7% 18,170 8.1% 75-84 7,624 3.7% 7,771 3.7% 8,689 3.9% 85+ 4,043 2.0% 4,336 2.1% 4,855 2.2% Census 2010 2012 2017 Race and Ethnicity Number Percent Number Percent Number Percent White Alone 182,932 88.9% 186,102 88.4% 195,506 86.8% Black Alone 3,014 1.5% 3,436 1.6% 4,709 2.1% American Indian Alone 1,519 0.7% 1,694 0.8% 2,145 1.0% Asian Alone 5,673 2.8% 6,060 2.9% 7,296 3.2% Pacific Islander Alone 437 0.2% 412 0.2% 391 0.2% Some Other Race Alone 5,901 2.9% 6,244 3.0% 7,438 3.3% Two or More Races 6,313 3.1% 6,679 3.2% 7,837 3.5% Hispanic Origin (Any Race) 15,831 7.7% 16,888 8.0% 20,564 9.1% Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 16
Demographic & Income Profile 6728 W Fairview Boise, ID 6728 W Fairview Ave, Boise, ID, 83704, Latitude: 43.619198984 Ring: 5 mile radius Longitude: -116.2658293 Trends 2012-2017 3.5 Annual Rate (in percent) 3 2.5 2 1.5 1 0.5 Area State USA 0 Population Households Families Owner HHs Median HH Income Population by Age 16 14 12 Percent 10 8 6 4 2 2012 2017 0 0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+ 2012 Household Income 2012 Population by Race $25K - $34K 13.2% $15K - $24K 11.0% 80 70 $35K - $49K 15.4% <$15K 12.9% 60 $200K+ 2.5% $150K - $199K 3.2% Percent 50 40 30 20 $50K - $74K 21.0% $75K - $99K 10.3% $100K - $149K 10.5% 10 0 White Black Am. Ind. Asian Pacific Other Two+ 2012 Percent Hispanic Origin: 8.0% Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. The information presented has been obtained from sources believed reliable. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You are responsible for confirming its accuracy and completeness. 17
Broker Information Caster Investment Group 533 E. Riverside Drive Ste. 104 Eagle, ID 83616
Global Reach Caster Investment Group 533 E. Riverside Dr. Ste. 104 Eagle, ID 83616 Caster Investment Group Caster Investment Group Real Estate Advisors was launched by Trevor Caster to provide a level of specialization, customization and client service beyond what can be provided by local agents and national franchises. Mr. Caster has established an unparalleled track record of integrity by consistently creating value through superior representation for his clients. Mr. Caster has acted as the primary agent representing the Seller and/or the Buyer in over $200,000,000 of commercial real estate transactions and has been a participating senior member of brokerage groups during the sale of over $1,000,000,000 of commercial real estate. Creating value through superior representation. - Douglas C. Cancienne 19