Furlo RV & Boat Storage Property Package

Furlo RV & Boat Storage

Plus a Digital Billboard on I-5

10466 Sunnyside Rd, Jefferson, OR

Executive Summary

Furlo Family Homes is an Oregon Limited Liability Company with offices in Corvallis, OR, and is arranging for the construction of RV & Boat Storage and a digital billboard next to I-5.

Investment Overview

Project Cost: $1.5M
Construction Costs: $
Contingency: $
As Complete value: $
Stabilized Value: $

Investment Details

A loan, secured by the property
Term: 2 years
Rate:

Key Milestones

Q4 2022 =
Q1 2023 =
= Break Ground
= Pre-Leasing
= Start of tenant Occupancy
= Stabilization (90%+ occupancy)
= Engage in SBA Refinance / Capital Return

57 RV & Boat Parking Spaces

10 @ 50'
35 @ 40'
12 @ 30'

25' x 9'Digital Billboard

Twelve 10-second rotating ad spots per side

About the Property

Opportunity and Business Plan

Construction Plans

Construction Costs

On mobile, tap on the spreadsheet to see the full construction costs.

RV Competitive Analysis

RV Trade Area

10-mile radius shown
10 RV & boat storage facilities

RV Development Pipeline

Two new facilities appear to have been built within the last three years

• Gateway Storage 1933 Robins Ln SE, Salem, OR 97306 – 53,958 SF

• I-5 RV & Mini Storage 10566 Sunnyside Rd SE, Jefferson, OR 97352 – 7,650 SF

• No new facilities identified as planned, permitted, or under construction

Rent Rate Analysis

RV Storage Rates

Based on nearby competitors, we expect covered storage rates to be:

30' = $169
40' = $185
50' = $199

On mobile, tap on the spreadsheet to see the full pricing details.

Competitive Research

Billboard Advertising Rates

Around 97,000 vehicles pass the property every day.

Marion County Data Source

Demographic Overview

10-Mile Radius

164,324 population
+0.7% one-year population growth
+3.7% three-year population growth
42-48 minute average commute time
642 people per square mile
59,027 households
62% homeowners
38% renters
$70,604 medium household income
$306,521 median house value

5-Mile Radius

23,510 population
-4.4% one-year population growth
+4.1% three-year population growth
42-48 minute average commute time
314 people per square mile
8,822 households
72% homeowners
28% renters
$94,779 medium household income
$415,714 median house value

Financial Projections

Here's the 5-year P&L projection:

On mobile, tap on the spreadsheet to see the full P&L.

NOTE: The rates of return displayed on this page are only projections, and are not guarantees of any sort. Actual returns may vary widely, due to many economic and marketplace factors beyond our control.

Management and Advisors

James Furlo

President, Managing Member

James was a data scientist for HP for 12 years. During that time, he saved and invested in multi-family rentals. Today he manages 17 residential units, 70 storage units, 26K SF of warehouse space, and is beginning to build 57 RV storage spaces on a 1.5 AC vacant lot. Past purchases include two duplexes, and single-family home, and a 1.5 AC vacant lot in Indiana.

Mark Grider

Construction Consultant, AllSteel Construction Management, LLC

Mark provides construction management of projects utilizing steel structures in agriculture, industrial, commercial, aviation, and retail improvements. He works as an owner's representative and provides site acquisition, costing and ROI evaluations, coordination of planning and design teams, permitting, selection & management of contractors, and turn-key development. Learn more

Ryan Flattery

Architect, Cascade Studio Architecture, LLC

Ryan is helping to find a layout solution that maximizes the rental spots with budget considerations. Learn more

Mike Rath

One World LED USA, LLC

One World will provide the LED panels for the billboard along with the software. One World also hosts an ad marketplace for finding billboard advertisers. Learn more

Contact

Furlo Family Homes, LLC

c/o James Furlo

(408) 334-3000

James@Furlo.com

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