Fountain of Youth Spa

Transcription

1 Southern California s Hot Springs Resort 1500 Spa Road, Niland, CA MH & RV Sites 350 Annuals with 231 MH Tenancies Ability to Add 96 Additional MH Sites Resort on 90 Acres and Expandable with a Total of 544 Acres Sales Price $12,000,000 Seller May Carry Financing For further information contact: John Grant / Park Brokerage Inc Caminito Garcia, San Diego, CA (858) Fax: (858) john.grant11510@gmail.com Taylor Grant Associate Broker (602) taylor@parkbrokerage.com Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it.

2 Price $12,000,000 Seller May Carry Financing Listing Brokers John Grant (858) , Taylor Grant, (602) Address/City 1500 Spa Road, Niland, CA Historical Financials See attached Total Parcel Size 544 Acres County Imperial State California Age Started 1965 No. Spaces 875 Loan Buyer to obtain and Seller may carry financing Water Local Water District Sewer Sewer Treatment Ponds Capitalization Rate 6.7% Property Description and Rental Information Tremendous opportunity to buy one of the iconic, hot water resorts in the world from the original owners. Fed by artesian hot mineral springs, the Fountain of Youth Spa RV Resort has been a very successful winter resort since The resort contains 875 sites on 90 acres with 231 manufactured homes and a total of 350 annuals, 408 full hookup RV sites, and 117 RV sites without sewer. The resort offers the ability to add 96 additional manufactured home tenancies on 96 of the 408 full hookup RV sites. The resort is expandable and the existing permit is for 997 sites. The resort is well maintained and has an excellent management team with 47 employees including seasonal and workampers during the season and 14 year round employees. The extensive amenities include individual and large hot mineral spas, brand new state of the art fitness center, two swimming pools, steam rooms, walking course, dog park, salon, three rec halls, four restrooms and showers, two kitchens, seven vacation villas, pool hall, convenience store, café, craft and sewing room, RV storage, and many, many other amenities. Please see the resort s excellent web page at Rental rates are Annual $2,560-$4,405, Four Months Season $2,320, Three Months Season $1,765, Monthly $655, Week $280, and Day $47 or $59. Excellent upside adding manufactured homes, adding MH & RV sites, adding solar over the RV storage area and reducing or eliminating the $307,000 annual electric bill and doubling storage rates with the shade, increasing very reasonable rental rates, and reducing high operating expenses. Buyer to obtain new financing through escrow and Seller may carry financing.

3 PET PATH MINERAL ROAD SHADES & BBQS NORTH TULLY NO NAME LN TAMARACK LN PALM NORTH SALTON VIEW DR SMOKE TREE LN SEA VIEW LANE MAINTENANCE YARD RATTLESNAKE LANE PALO VERDE COYOTE GULCH LANE NORTH SUNRISE DR MESQUITE LN To disc & desert golf & fitness track QUAIL LANE NORTH MOUNTAIN DR PRIM ROSE LANE COTTON WOOD FOUNTAIN OF YOUTH DRIVE ENTRANCE BURRO BEND DESERT HOLLY DRIVE CACTUS LANE BOCCE COURTS SUNSALES 0FFICE SUNRISE DR SOUTH TULLY DR PRAIRIE RESTROOMS SHOWERS MOUNTAIN VIEW DR SOUTH SALTON VIEW DR MOUNTAIN DR 611 SHUFFLEBOARD DESERT DRIVE LIBRARY MAIL ROOM SPAS SOUTH SUNRISE DR CANAL DR R. V. STORAGE LAUNDRY FITNESS ROOM SUNSET HALL OFFICE LAUNDRY RESTROOMS HORSESHOE PITS POOL STEAM ROOMS CAFE RESTROOM RESTROOM 604 SUNRISE HALL SPA GROCERY STORE CARD ROOM BEAUTY SHOP MASSAGE SOUTH MOUNTAIN DR HAYS HALL CARD ROOM COMPUTER ROOM SHUFFLEBOARD POOL TABLES POOL WAGGIN TAILS DOG PARK MOONRISE HALL ENTRANCE Dumpster Locations Premium Space CRAFT/SEWING ROOM ACTIVITIES COORDINATOR INFORMATION CENTER PROPANE TENNIS COURTS BOCCE COURTS Patio Sites (daily, weekly, monthly only)

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