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1XPEHU RI 6SDFHV DFUHV )HH 6LPSOH · +lvwrulf shqlqvxod r 5\hu ,vodqg rq 6whdperdw 6orxjk 590+ sdun...

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Cap rate depends on how property is operated as currently it is underutilized by 35%. Seller open to 1031 exchange options, flexible financing terms. 3356 Snug Harbor Drive- Ryer Island - Solano County, California mail address: Walnut Grove, CA 95690 Sale info at www;3356SnugHarborDrive.com Historic peninsula off Ryer Island on Steamboat Slough: RVMH park & Marina first developed in the 1940’s. More recent (2000 to 2018) full infrastructure redeveloped of MH/RV park utilities with all applicable permits includes new or updated septic systems, new electric to 50 AMP for RV sites, new entrance gates, updated Public Drinking Water system, with state of the art filtration system and 15,000 gallons onsite drinking water storage as of 2018. General website: http://SnugHarbor.net Number of Spaces 10.2 acres Fee Simple (2 parcels, including entrance road) Number of Covered Berths & Open Docks: 67 (Permits for 75 covered, 45 open) Park Owned: 3 large Craftsman style MH, 18 Cape Cod style Park Model RVs Riparian water rights. Mineral rights per SLC records. 3200 lineal feet waterfront on Steamboat Slough Contact Owner-Seller: Nicole Suard, Esq. 707-287-1003, FAX 707-253-8232 email preferred: [email protected] Sales info: www.3356SnugHarborDrive.com Please do not disturb tenants or onsite staff. Schedule with owner for appointment to view property. Seller will cooperate with Buyers’ Broker or representative, subject to terms of sale. Cap Rate 5.0% with potential for 7.5% cap
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Page 1: 1XPEHU RI 6SDFHV DFUHV )HH 6LPSOH · +lvwrulf shqlqvxod r 5\hu ,vodqg rq 6whdperdw 6orxjk 590+ sdun 0dulqd ¿uvw ghyhorshg lq wkh ¶v 0ruh uhfhqw wr ixoo lqiudvwuxfwxuh uhghyhorshg

Cap rate depends on how property is operated as currently it is underutilized by 35%. Seller open to 1031 exchange options, flexible financing terms.

3356 Snug Harbor Drive- Ryer Island - Solano County, Californiamail address: Walnut Grove, CA 95690 Sale info at www;3356SnugHarborDrive.com

Historic peninsula off Ryer Island on Steamboat Slough: RVMH park & Marina first developed in the 1940’s. More recent (2000 to 2018) full infrastructure redeveloped of MH/RV park utilities with all applicable permits includes new or updated septic systems, new electric to 50 AMP for RV sites, new entrance gates, updated Public Drinking Water system, with state of the art filtration system and 15,000 gallons onsite drinking water storage as of 2018.General website: http://SnugHarbor.net

Number of Spaces 10.2 acres Fee Simple (2 parcels, including entrance road)

Number of Covered Berths & Open Docks: 67 (Permits for 75 covered, 45 open)Park Owned: 3 large Craftsman style MH, 18 Cape Cod style Park Model RVs

Riparian water rights. Mineral rights per SLC records. 3200 lineal feet waterfront on Steamboat Slough

Contact Owner-Seller: Nicole Suard, Esq. 707-287-1003, FAX 707-253-8232 email preferred: [email protected] Sales info: www.3356SnugHarborDrive.com Please do not disturb tenants or onsite staff. Schedule with owner for appointment to view property.Seller will cooperate with Buyers’ Broker or representative, subject to terms of sale.

Cap Rate 5.0% with potential for 7.5% cap

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Contact Owner-Seller: Nicole Suard, Esq. 707-287-1003, FAX 707-253-8232 [email protected] do not disturb tenants or onsite staff. Schedule with owner for appointment to view property.Seller will cooperate with Buyer’s Broker, subject to terms of purchase agreement.Note: Buyer may need to cooperate with Seller 1031 exchange and/or partial shares gift prior to sale.

Permitted for: * 85 MH/RV sites (upside potential w/site improvements)* 75 Covered Berths (upside potential w/marina upgrade)* 45 open berths & side ties* Store and office-commercial bldg. (upside potential by

expanding the product and store hours)* boat launch* gas dock on fresh water Steamboat Slough

Turn-Key ongoing operation with online reservation system. Buyer can operate as it is, including a combination of annually-leased sites and seasonal daily/weekly reservations of RV sites & 17 park-owned top-of-the-line modular homes and Cape Cod style park model RVs, or increase revenues by adding park models, homes and redevelop marina covered berths to full capacity.

2018 Gross Inc Proforma with $100,000 improvement

Sacramento San Joaquin DeltaWaterfront Resort & Marina

$622,000 $742,000

Request financial info by going towww.3356SnugHarborDrive.com ) finance page

Proforma with $500,000 improvement

$900,000 est

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JURISDICTION: HCDMOBILE HOME SPACES: 8RV SPACE-FULL HOOKUPS: 71RV SPACES WITHOUT DRAINS: 6

MARINA JURISDICTION:SLC, SOLANO, USACE75 COVERED BERTHS45 OPEN BERTHS10 MOORINGS

2018 Uses: (spaces underu lized by 35%)3 Modular Homes rented on daily/weekly basis1 Modular home used for storage/mee ng rooms11 Park Model RVs rented on daily/weekly basis4 Park Model RVs leased annually26 RV sites leased annually-most for vaca on use7 RV sites used by onsite staff7 RV sites used for boat trailer storage onsite 3 sites used for tent camping-summer only23 Covered berths but only 12 leased out45 open docks and side es-2 leases andthe rest used on daily/weekly basis orby RV site leaseholders

Map below from a survey of the property to set lot boundaries within the park. Note that many of the park model RVs onsite are privately-owned by patrons with annual leases. Leases expire December 31 annually and can be renewed. in Solano County. Note also that there are No rent control8 modular home lots, but only lots 1,2, 3 and 6 are in use. 79 full hook up MH/RV spaces permitted.Substantial upside potential if more Park Model RVs brought in for sale and lease.

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Waterfront Rental CottagesSee summer and winter videos and photos at www.3356SnugHarborDrive.com

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Waterfront RV sites for lease or daily rental

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50 covered berths removed, would require rebuild under SLC and USACE permits, for added income potential

Cove location for covered berths is subject to low tides, depending on the season and Steamboat Slough outflows. Freshwater marina best for use by boats with shallow draft, up to 5 feet. Covered berths have 20 amp electric, metered, and drinking water available. No pumpout, but nearby septic has capacity for pumpout if desired. Marina occupancy low the last few years due to water weed issue now being addressed by the state.

Single lane boat launch is paved and the boat trailer storage area is close to boat launch.Gas dock and above ground cement-enclosed fuel storage area are by the office and store facing Steamboat Slough.

Marina views over the last 10+ years

Marina cove setting for always-calm water

2013

20092012

2018

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RYER ISLANDSOLANO COUNTY

Conveniently located between Sacramento and the SF Bay Area!From West Sacramento use Jefferson Blvd (SR 84). From Rio Vista (Hwy 12) use the Rio Vista Ferry to Ryer Island. From Walnut Grove, use SR 160 to SR 220, cross Grand Island and use the J-Mac Ferry to cross Steamboat Slough.

Commute towork byBOAT!

APN: 177-06-06

4 Million Peoplelive within

1 hour driveor

1 to 4 hour

boat ride

11 Million Peoplelive within

2.5 hour drive

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Peninsula survey in the 1960’s. Road resurvey 2012Resort lots surveyed and staked 2009

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Waterfront gated and paved private park with 8+ acres inside the gates and 2 acre entrance road, gravel base. All infrastructure for MH/RV park is up to codes. 8 modular home lots per permits, but only 4 in use and the other 4 currently have park models in use. Park-owned Modular Homes installed new 2007, currently used as vacation rentals. Property is waterfront on Steamboat Slough and is in the flood zone. New structures must be placed above 100 year flood level so at 14’. Property runs 10’ to 14’ above sea level. Approx 2900 lineal feet of water frontage on freshwater Steamboat Slough. Sail or boat around the world from these docks! Marina covered berths in useable condition but some docks need repair. Solano County zoning for Commercial Recreation including a floating home community possible, and current uses also allowed. Owners do not live onsite and have under-utilized facilities by at least 35% per review of income sources. Local neighborhood in transition upgrading residential parcels to million dollar homes. Historic property much loved by generations of visitors since the 1930’s. Historic maps and photos available. Note that buyer may be requested to cooperate with 1031 exchange and/or partial gifting of current Owner interest in the LLC properties.

34,000 square feet of buildings and covered berths

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So many fun things to do in the

POSSIBLE REDEVELOPMENT TO WATERFRONT UPSCALE PRIVATE COMMUNITY UTILIZING THE 8 MODULAR HOME LOTSPLUS ADD MORE CAPE COD STYLE PARK MODEL COTTAGES

* Waterski and Wakeboard* Houseboating* Great ffishing for Striper, Salmon,

Catfish, Sturgeon, Crawdads* Wine tasting at the 20+ local

tastingrooms

* Visit the farm stands found all overthe North Delta area

* Visit the Historic Delta towns of RioVista, Walnut Grove, Clarksburg,Isleton, Courtland Locke.

* Explore by kayak or canoe* Great biking and hiking trails,* Bird watching - 120 differentbird species in the Delta* Visit the unique local Deltarestaurants and graze on thebest fresh beef, lamb and localspecialties.* Cruise with vintage boat,trailer and car groups

SacramentoSan Joaquin

Delta700 miles

of waterwaysto explore!

3200 feet of river frontage!This area of the North Delta has been transitioning from older generational vacation cabins to million dollar waterfront family homes. Best viewed from the water to appreciate!

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OTHER POSSIBLE USES: GATHERINGS & RETREATS

Resort has been a favorite RETREAT location for SF Bay Area faith based groups and also Corporate bonding retreats as facility is within 2 hours drive of Silicon Valley, SF and one hour from Sacramento and the Foothill communities. New Owner could invest in placing additional new modular homes and park model RV cottages to accomodate larger retreat groups. There are local caterers that could provide food services to the groups but currently all groups do their own cooking in the large kitchens of the three modular homes available to rent. When not in use by retreat groups, facility could accomodate week end weddings or anniversary family reunions.

OTHER POSSIBLE USES: BOATING AND FLYING CLUB

An emerging trend in the recreational boating industry is the TimeShare-Boat Ownership business model where customers pay a flat fee membership fee and then annual dues in exchange for schedule use of a ski boat, wakeboard boat, personal water craft, houseboat or fishing boat a specific number of days per year. New Resort Owner would need to plan for substantial additional investment in upgrade to marina facilities, and investment in Boating Club franchise and/or purchase or lease of boating equipment. There is a single lane boat launch and gas dock onsite, so adding a Time Share Boating Club would greatly enhance the annual income potential and also attract more RV and cottage rental customers, to expand that existing use. Fishing in the Delta is a year round activity but recreational boating is considered seasonal from April through October in a normal weather year. Time Share Boating club examples:

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Easyaccessto ...


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