7450 Cristobal OM DER

INCOME PROPERTY FOR SALE

RE/MAX MARKETPLACE IS PLEASED TO EXCLUSIVELY OFFER WINE COUNTRY RV PARK

152 Space Mobile Home Park Property Composition: Clubhouse, Outbuildings, &

7450 Cristobal Way, Rohnert Park, CA 94928

Restrooms (5,874 sqft) Lot Size: 5.5 Acres

PROJECTED CAP 4.7%

7450CRISTOBAL.COM

OFFERED AT $23,900,000

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

PROPERTY COMPOSITION 152 Space Mobile Home Park Clubhouse, Outbuildings, Parking Lot & Restrooms APN 143-350-032-000

WINE COUNTRY RV PARK In addition to its prime location, this RV community offers its residents and visitors a clubhouse, 2 restroom facilities, private parking, a laundromat, and much more. The 5.5 acres of usable residential land provides an assortment of space sizes and configurations to allow for a very efficient layout to minimize common area upkeep and costs. The “Grove” offers a combination of overnight, weekly and longterm sites, with 30/50 amps, full hookups, city water/city sewer, and picnic tables. The tenants are billed back for their electricity and internet usage. Currently, the owner is working with the City of Rohnert Park to finish up the 2nd restroom facility renovation.

This offering provides a rare opportunity to acquire a quality Sonoma County mobile home park community, with immediate NOI upside, long-term equity appreciation & cash flow, in addition to high density development potential.

The park is located in an attractive North Bay, high barrier-to-entry market.

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

Property Highlights Significant NOI upside through leasing the remainder of vacant units, increasing existing space rents, and implementing a top-of-line management strategy Wine Country RV Park is one of the few RV communities North of the Golden Gate Bridge and is the only RV community in Rohnert Park Serviced by city water & sewer Walking distance to SMART train station, Sonoma State University and local shopping.

100% tenant owned homes Immediate opportunities to add value, including reconfiguration of the clubhouse, business center addition, food court, and much more.

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

LOCATION Wine Country Mobile Home Park is located approximately 2 miles from Interstate 101 and just a short walk to Sonoma State University, 3 shopping centers, public transportation and the Cotati Smart Train station. The Sonoma County Airport is located only 16 miles away, while the Golden Gate Bridge is just 41 miles away. Rohnert Park is situated between Petaluma and Santa Rosa and is the gateway to Sonoma County Wine Country. RV spaces are in short supply, while the rare zoning, premium development potential, and Sonoma State University location make this the proverbial "unicorn" offering.

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

COMMUTER LOCATION

3 Minutes - Sonoma State University 3 Minutes - Cotati Smart Train Station 3 Minutes - 3 Shopping Centers 4 Minutes - Rancho Cotate High School And much much more!

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

PROPERTY COMPOSITION

1. CLUBHOUSE 2. PARKING LOT 3. RESTROOMS 4. OUTBUILDINGS

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

CLUBHOUSE

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

PHOTOGRAPHY

THE PARK

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

RESTROOMS

PARKING LOT

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

FINANCIALS

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

FINANCIALS

PROPERTY PROFILE

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

PARCEL MAPS

6204

6200

6208 6202

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

ZONING R-M/M-H: MEDIUM DENSITY RESIDENTIAL/MOBILE HOME OVERLAY

The current zoning on the site is Medium-High Density Residential. The City of Rohnert Park is anxious to see the site redeveloped to a higher and better use, and is open to discussing even greater densities than are currently incorporated in the Comprehensive Plan which would allow for 165 units. (*Please verify independently with the City of Rohnert Park).

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

PARCEL MAPS

6204

6200

6208 6202

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

COMMUNITY

ABOUT ROHNERT PARK Known as the “Friendly City”, Rohnert Park is one of the first planned communities in the United States. Situated smack dab in the middle of the North Bay, Rohnert Park offers something for everyone. While originally founded as a “bedroom community”, Rohnert Park has become a thriving city and Wine Country destination unto itself.

Rohnert Park is organized into sections, designated by letters of the alphabet. With few exceptions, the names of the streets (and parks) begin with the letter of the section they are in. If you happen to live on Alma or Adrian as an example, you would be living in the “A” Section. If you happened to live on Bonnie or Baron, you would be living in the “B” Section and so on. Generally speaking, homes further down the alphabet are newer in construction.

Rohnert Park is presently in the midst of a new construction renaissance. At the heart of this building boom is the University District, which is located between Petaluma Hill Road and Rohnert Park Expressway and situated directly across from the Green Music Center. This 260-acre project development, features 1,236 singlefamily homes, a 100,000 square foot commercial Center, 60 acres of open space and 13 public parks. Single-family residences start from the high $500K range and are presently being released.

Population Median Age Median Household Income Number of Employees 1 Year Growth

43,291 35 $66,000 22,300 4%

Employment by Occupation (Most to Least)

Services (50%) Retail Trade (16%) Manufacturing (7%) Finance (6%) Administration (5%)

DAVID RENDINO AND RICK WARNER, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (415) 302-6348 | DRENDINO@MAC.COM

COMMUNITY

ABOUT SONOMA STATE UNIVERSITY Located in California's premier wine country one hour north of San Francisco, Sonoma State is a small campus with big ideas. With a tradition of promoting intellectual and personal growth, leadership opportunities and technological proficiency, SSU offers its students a friendly, safe and informal atmosphere on a beautiful campus setting. Currently, campus housing accommodates students in both apartment and residential suite style facilities.

While SSU generally accepts all qualified students who apply from high schools in its service area, 80 percent of the freshmen and 55 percent of the junior transfer students come from outside the North Bay region. With 34 percent of the student body living on campus, it is one of the most residential campuses within the California State University system.

Accreditation Sonoma State University is accredited by the Western Association of Schools and Colleges (WASC) and the California State Board of Education. The School of Education is accredited at the state and national levels by CCTC and NCATE. The School of Business and Economics is accredited by AACSB-International, the Association to Advance Collegiate Schools of Business. Many departments and programs are individually accredited.

DAVID RENDINO AND RICK WARNER, INCOME PROPERTY SPECIALISTS (707) 696-3742 / (415) 302-6348 | DRENDINO@MAC.COM

NON-ENDORSEMENT & DISCLAIMER NOTICE

CONFIDENTIALIT Y & DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from RE/MAX Marketplace and should not be made available to any other person or entity without the written consent of RE/MAX Marketplace. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. RE/MAX Marketplace has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, RE/MAX Marketplace has not verified, and will not verify, any of the information contained herein, nor has RE/MAX Marketplace conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. RE/MAX Marketplace is a service mark of RE/MAX Marketplace Real Estate Investment Services, Inc. © 2021 RE/MAX Marketplace. All rights reserved.

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DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

David Rendino

Ken Schrier

DIRECT: 707.696.3742 EMAIL: DRENDINO@MAC.COM

DIRECT: 707.529.4819 EMAIL: KENNETHSCHRIER@GMAIL.COM

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recommend to the buyer that any information, which is of special interest, should be obtained through independent verification. ALL MEASUREMENTS ARE APPROXIMATE.