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Eric Gustafson

JLL

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East Bay RV Park

RV Park/Campground for Sale in Springville, Utah

1550 N 1750 W
Springville, UT 84663

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Sale Price: $4,300,000
 

Contact Information

Eric Gustafson
JLL
www.jll.com

RV Park/Campground for Sale

Development Land: This is land for developing a RV park
Year Built: 2000
Number of RV Lots: 224
Size: 11 acre(s)
Cap Rate: 9.9%
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 726523
Posted on: Dec 02, 2016
Updated on: Mar 02, 2017
Price: $4,300,000

Property Description

East Bay R.V. Park sits on approximately 11 acres with max (paved) pull through’s of 70 feet and 20-30-50 amps. Located just 15 minutes south of Provo, Utah, and
about an hour south of Salt Lake City metro, the park is conveniently located
near several employers, retailers, and attractions.

Investment Highlights:
•224 total R.V. spaces with 155 60-foot big-rig pull-thru’s
•15 cabins and 4 tent sites
•5-star rating from the AAA rating system
•One of the “Cleanest RV Parks in the State of Utah”

Excellent Upside Potential:
•Opportunity to reduce expenses through new management , tighten operations by approximately 15-25%
•Other Income opportunity; installation of additional washers and dryers
•Increase marketing efforts

Ample Amenities:
•Each site has full hookups (50 amp service)
•2 Comfort Station buildings (renovated last year), each with 6 individual stations which include private showers
and bathroom areas
•Large clubhouse with full kitchen, meeting area, flat screen T.V., ping pong table, and fitness equipment

Prime Location:
•Immediate access off Interstate 15, just south of Provo, Utah
•One exit from Brigham Young University
•Two exits from Utah Valley University
•80-foot pole sign which can be seen from the freeway
•Incredible mountain views, quiet surroundings, property surrounded by agricultural land

Park Information

Year Built:2000
Size:11.0 acre(s)

Financial Information (Actual)

Gross Income$902,237
Operating Expense$601,462
Net Operating Income$300,775
Expense Ratio 66.7%
Debt Info

RV Space Information

Number of RV Lots:224

Utility Information

Water:City
Sewer:City

Amenities and Other

Laundromat: Yes
Pool: Yes
Club House: Yes
Manager Office: Yes
Bathhouse: Yes
Store: Yes
Wifi: Yes
Fitness Center: Yes


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