For a video tour, please visit: https://vimeo.com/268879292

A 378-SITE COMMUNITYPRICE: CONTACT BROKER

PLEASE DO NOT SPEAK WITH TENANTS OR EMPLOYEES

3392 SR 82 Mantua, OH 44255

SITE INFORMATION

ADDRESS 3392 SR 82, Mantua, OH 44255

COUNTY Portage

TAX PARCEL IDS 23-020-00-00-025-000 / 23-020-00-00-026-000 / 23-020-00-00-027-000

SITES 378 (292 RV / 25 cabins / 5 park models / 6 apartments / 50 primitive/campground sites)

COMMUNITY TYPE All Age RV

YEAR BUILT 1950s

LAND SIZE 211 acres (1.8 sites / acre)

INVENTORY HOMES 5 park models

RV FULL-SEASON May 1-October 31

RV DAILY RATE(50 AMP SITES) $52 in-season; $42 off-season

RV WEEKLY RATE(50 AMP SITES) $312 in-season; $252 off-season

RV MONTHLY RATE(50 AMP SITES) $700 in-season

CABIN DAILY RATE $85-$250 in-season; $65-$220 off-season

ELECTRICITY 30 amp service (243 sites); 50 amp service (49 sites)

ZONING B (Business)

ROADS Asphalt/gravel

FLOODPLAIN Zone X/Zone A (See FEMA map on website)

PROPERTY WEBSITE http://www.rounduplakecampground.com

UTILITIES

WATER Well (included in rent)

SEWER Wastewater Treatment Plant

ELECTRICITY Ohio Edison (included in rent)

TRASH Waste Management (included in rent)

GAS First Energy (included in rent)

INVESTMENT HIGHLIGHTS• Opportunity to acquire a 378-site former Jellystone Campground in the Akron,

OH MSA, whose population was 712,540 in 2017 according to the U.S. Census Bureau.

• Approximately 66% of the park’s rental income comes from seasonal tenants paying from $3,000 to $3,400 per season. There is currently a waiting list for seasonal tenants.

• Many tenants live within an hour of the property and use the park as an affordable weekend getaway.

• The property’s 50-acre lake is a major attraction and draws tenants by providing space to swim, fish and boat. Lakefront lots where tenants enjoy easy access and lake views rent at a premium to the standard lots.

• There are 5 park models included in the sale which may be sold or rented to tenants.

• Since the current management team was put in place, approximately $65k of capital projects have been completed including staining of various cabins, upgrades to 50 amp service, new signage, sewer improvements, road improvements, well renovations and a new backflow preventer.

• Extensive amenity package includes a 50-acre lake, four playgrounds, mini golf, pool, basketball, volleyball, baseball, horseshoe pits, game room, shuffleboard, camp store, and laundry.

AREA HIGHLIGHTS• Located less than 45 minutes from downtown Cleveland, Roundup Lake

offers proximity to several of the city’s notable attractions in addition to the surrounding national and state parks.

• Some of Cleveland’s most popular attractions include the Cleveland Museum of Art, West Side Market, Rock and Roll Hall of Fame and Cleveland Botanical Garden.

• Wildwater Kingdom Water Park is less than 15 minutes from the property and features six main attractions including the 100-feet-tall Thunder Falls Slide.

• The 19,000-capacity Blossom Music Center sits 45 minutes away in the Cuyahoga Valley National Park. The Cleveland Orchestra makes the facility its summer home during the Blossom Music Festival.

• The 285,000-square-foot Aurora Farms Premium Outlets features more than 70 brand-name stores.

• The annual Mantua Potato Festival hosts three days of live entertainment including rides, a parade, crafts, games and a 15k race.

• Tourism in Cleveland is on the rise with a record-breaking 212 million visits in 2016, up 2.4% from 2015.

378-SITE COMMUNITY PRICE: CONTACT BROKER

PROPERTY DETAILS

378-SITE COMMUNITY PRICE: CONTACT BROKER

PROPERTY PHOTOS

RATE INCREASE COMPARISON (2015 - PRESENT)

TRANSIENT RATE INCREASE

Daily Weekly Monthly$ Increase % Increase $ Increase % Increase $ Increase % Increase

No HookUp $4 12.50% $36 20.00% $0 0.00%

Water & Electric $3 7.50% $25 11.11% $25 4.35%

Full Hookup - 30 amp $3 6.82% $35 14.58% $75 13.04%

Full Hookup - 50 amp $4 8.33% $57 22.35% $100 16.67%

Cabins

Park Models $5 - $40 6.15% - -

Blue Ridge - Sleeps 8 $5 2.70% $60 5.56% - -

Ozarks - Sleeps 6 $5 3.85% $60 8.00% - -

Woods Lodge - Sleeps 12 $20 8.70% $150 11.11% - -

Rustic Cabins - Sleeps 4 $5 6.25% $30 6.25% - -

Rustic Cabins - Sleeps 6 $5 5.56% $30 5.56% - -

SEASONAL RATE INCREASE

Water & Electric $200 7.14% - - - -

Full Hookup - 30 Amp $200 7.14% - - - -

Full Hookup - 50 Amp $350 12.50% - - - -

Waterfront - Water & Electric $175 5.43% - - - -

Waterfront - Full Hookup $175 5.43% - - - -

REVENUE COLLECTED

2016 2017 2018

Collected Collected Collected Balance Due Total Reserved Revenue

Seasonal 584,158 628,225 593,239 104,210 697,449

Transient* 226,161 200,945 37,173 42,640 79,813

TOTAL $810,319 $829,170 $630,412 $146,850 $777,262

The charts above were provided by the client.

*Most transient tenants do not reserve rental units until during the season. The expectation is that transient rental income will be much higher than currently shown in 2018.

Current Owner has successfully increased rents at the Property over the last 3+ years.

Revenue continues to grow, especially for Seasonal rentals, the most stable source of the Park's revenue base.

378-SITE COMMUNITY PRICE: CONTACT BROKER

RENT & OCCUPANCY DETAILS

4 Total Rental Income 5 Plus: Other Income $307

Plus: RV Storage 23

Plus: Storage Rental 68

Plus: Store Income 836 Plus: COGs -49

Total Other Income 433

Effective Gross Income

EXPENSES per site

Repairs & Maintenance $215

Payroll 805

Administrative 160

Marketing 10

Professional Fees 57 Utilities

Electricity + Gas 361

Water + Sewer 120

Telephone & Internet 17

Trash 65

Total Variable Expenses $1,7578 Taxes 165

Insurance 80

Management Fee 3.50%

Total Operating Expenses $2,1259 Plus: Capital Reserves 50

Total Expenses $2,175

NET OPERATING INCOME

Expense Ratio

380,42916061,561

1,715

54,786179

22,215

28,468

$602,711

123,000

$1,198,362$1,199,000

79

87

5,600

55,531

17,150$728,800

42,000

39,92416 5,509

21,568

16

261,951

1,5004 1,314 4

2,463 1050 17,1077

359370

2,516

126,771 350 120,209

$73,900277,000

434

808764

160

7

420 144,041

70

54,880

(16,876)148,362149,000

23,4508,021

(18,000)

Proforma3

INCOME

42,000$727,142$2,120

41,122123,815

56,649

$1,050,000$105,299

3,430

$73,745276,115

Proforma

0$745,950$2,120

27,161

$703,361

60.65%

$471,858

$2,051

0

$727,142

116

$212

per site

$1,116,473

22,767

-52

23

(20,755) -48

7,78723

81 27,6390 24,000

2017 Actuals12016 Actuals1

Financial Analysis

2018 Budget2

$102,232$972,432

66

(16,384)

$215

per site

$72,567$132,006

$982,772

per site

$385

$81,26161

84

110,238321

28,969-61

20,7630

$298$237

$872,534$306

$1,050,000

30,000

$105,0008,000

54,950

41,000

3,500

$602,450

120

$1,756

162

0

42,000$703,361

54,32278

64

$580,291

26,628

$2,569

42,0504.28%

20,270

158

$2,206

$881,025

$2,569

28,00182

59

$756,652

5,67317

0

$881,025

22,000

$413,112

63.00%

54,442

3.50%

$452,412

89.65%

3.76%

63

$1,692

$101,747

0

$2,051

159

0

62.25%

27,440

5,674

1,109

30 10,319

1. Actual Numbers based on financials provided by the client

2. 2018 Budget column is first-year projection provided by the client and may not represent actual future performance

3. Proforma column is first-year projection put together by ARA Newmark and may not represent actual future performance

4. Total Rental Income taken from 2018 budget

5. Other Income grown 3% from 2017 Actuals (includes Other Income, RV Storage, Storage Rental, Store Income)

6. COGs grown 3% from 2017 Actuals

7. Adjusted Utilities grown 3% from 2017 Actuals

8. Proforma Taxes = 2017 mill rates x 2018 assessed values grown 10%

9. Numbers do not reflect actual expense

UNDERWRITING ASSUMPTIONS

378-SITE COMMUNITY PRICE: CONTACT BROKER

FINANCIAL ANALYSIS

378-SITE COMMUNITY PRICE: CONTACT BROKER

SITE PLAN

ClevelandMuseum of Art

BlossomMusic Center

Wildwater KingdomWater Park

Aurora FarmsPremium Outlets

Rock and RollHall of Fame

CLEVELAND

AKRON

YOUNGSTOWN

WARREN

Rock and Roll Hall of Fame

• Museum and Hall of Fame overlooking Lake Erie in downtown Cleveland.

• 568,000 visitors in 2017, up 4.6% from 2016.

• Generated more than $199 million in total economic impact in 2017.

Aurora Farms Premium Outlets

• Outlet mall featuring 285,000 square feet of space and 70 stores.

• Includes popular stores such as Nike, Polo Ralph Lauren, Saks Fifth Avenue and Coach.

• In addition to shopping, customers can enjoy the duck pond, food trucks and live entertainment.

Cuyahoga Valley National Park

• 33,000 acres along the backs of the Cuyahoga River between Cleveland and Akron.

• 2.75 million visitors annually, making it the 11th most visited national park.

378-SITE COMMUNITY PRICE: CONTACT BROKER

LOCATION MAP & AREA ATTRACTIONS

TWINSBURG WARREN RD

CHAM

BERL

AIN

RD

FROST RD

ROUNDUPL AKE

82

PLEASE DO NOT SPEAK WITH TENANTS OR EMPLOYEES

Additional information is available on our website at: http://arausa.listinglab.com/RoundupLake

For a video tour, please visit: https://vimeo.com/268879292

!

This information has been derived from sources deemed reliable. However, it is subject to errors, omissions, price change and/or withdrawal, and no warranty is made as to the accuracy. Further, no warranties or representation shall be made by ARA, A Newmark Company (ARA Newmark) and/or its agents, representatives or affiliates regarding oral statements which have been made in the discussion of the above property. This presentation, prepared by ARA Newmark was sent to the recipient under the assumption that s/ he is a buying principal. Any potential purchaser is advised that s/ he should either have the abstract covering the real estate which is the subject of the contract examined by an attorney of his/her selection, or be furnished a policy of title insurance. Do not contact the Property.

www.aranewmark.comManufactured Housing and RV Park Group901 S. MoPac Expressway, Barton Oaks Plaza II, Suite 275, Austin, TX 78746 T 512.342.8100

Andrew Shihashih@aranewmark.com 512.637.1219

PRIMARY CONTACTS

Todd Fletchertfletcher@aranewmark.com 303.260.4470