Canyon Creek Park (formerly Red Hill MHP) is an all-age community located on a 5-acre parcel in Anderson, CA. This community is comprised of 24 total spaces with 15 occupied tenant-owned homes, 4 occupied RVs, 2 vacant park-owned homes, and 3 empty pads. The property is highly accessible and located less than 5 min (2.6 mi) drive to Interstate 5 and only 13 min (6.6 mi) from Redding Municipal Airport, 17 min (13.6 mi) south of Redding, and 2.5 hours (147 mi) north of Sacramento. Additionally, there are local shopping centers, retail stores, and restaurants within 3-mile radius including Walmart, Safeway, McDonald's, Burger King, Popeyes Louisiana Kitchen, Jack in the Box, Panda Express, Dutch Bros, Taco Bell, and more. Canyon Creek Park is a rare opportunity to acquire a value-add MHP located in a desirable northern California market.

Investment Highlights:

- Current cap rate of 6.62% with a year 2 proforma cap rate of 9.77%

- Rent increase effective January 1, 2023, bringing all existing lots to
$500 and new incoming tenants to $525.

- Excellent opportunity for lease up with current occupancy at 79.17%
and local market occupancy at 98.81%

- 3-min drive to downtown Anderson and 15-min drive to downtown Redding

- Below market rents in a stable northern CA market