30625 S State Route 89 - Specialty FOR SALE


Congress, AZ 85332
$3,150,000 USD
602-222-5000
30625 S State Route 89, Congress, AZ for Sale
$3,150,000 USD
Specialty - FOR SALE
1/4
null | Request Cap Rate

30625 S State Route 89
Congress, AZ 85332


HIGHLIGHTS

  • North Ranch is a mixed monthly/transient RV park with average rates of ~$13/night and running ~57% occupancy.
  • By converting to a public park and increasing advertising spend the occupancy could be stabilized at market rates which are ~$40-45/night
  • Located near Congress, AZ off Hwy 93 between Phoenix and Las Vegas and within 1 1/2 hours of downtown Phoenix.
  • Opportunity to grow revenue by raising rates, optimizing transient/monthly sites to maximize REVPAR, adding cabin sites, etc.
  • Management in-place with current out-of-area owner and ready for stabilization post-membership.

OVERVIEW

Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, is delighted to present the offering for sale of the North Ranch RV Park, a 109-site RV park located in Congress, Arizona, approximately 80 miles northwest of Phoenix. North Ranch is an outdoor adventure oasis, offering a range of amenities including an activity center, clubhouse with frequent social events, and unmatched access to the exceptional outdoor experiences the area is known for. The property is strengthened by the thriving tourism industry of Northwest Arizona with major attractions like the Grand Canyon, Lake Havasu, and the Colorado River all within driving distance of the park. Conversion from a majority-membership park to a traditional park provides opportunity for a new buyer to purchase the property below-replacement cost and lease up and stabilize the park over a 1-3 year period. The asking price for the property is $3,150,000 ($28,899/site). This represents a ~18% stabilized yield. Mike.Nissley@Colliers.com 561 479 1588 John.Barnes@Colliers.com

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$3,150 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

North Ranch RV Park

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Parking Lot, Self Storage, Marina

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

21 AC

LAND SF

914,760 SF

ZONING

-

APN/PARCEL ID

201-30-438,201-30-439,201-30-440

ASK ABOUT THIS PROPERTY

John BarnesColliersMore Info
602-222-5000

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John BarnesColliersMore Info
602-222-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.