Shady Glen Estates
Price: $12,000,000
NOI Year 1:
$738,249
Proforma NOI: $1,032,136
Cap Rate
(Current Cap rate of 5.91%)
(Year 2 - Proforma)
(Proforma cap rate of 8.26%)
Net Ground Lease: 20-year term with two five-year renewal options, $22,500 yearly with 3% annual increases
Total Units
117
Commercial Buildings: Includes an office building and a maintenance shop:
Occupancy
91.45%
Rent Control
No (Placer County)
Designation
55+
Acreage
28.82 acres
MH Rent Avg.
$746
Year Built: 1966 and 1980
Road Type
Paved
Utilities
Water & Sewer: Currently landlord-managed, transitioning to city water
Electric: PG&E, sub-metered to tenants
Gas: Supplied by Suburban Propane, directly billed
Sewer: Landlord manages with tenant flat fee
Garbage: Tenant pass-through billing
Parcel Number
(099-140-011, 014, 028, 029, & 044) & 099-150-043-000
For more information regarding this listing, please contact Dylan Brazil or Amir Cackovicor
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