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Following is the information for the ad
for the three RV Resorts combined.
Park Addresses: The RV Parks are
located in Redding, CA (zip code 96003);
Salem, OR (zip code 97304); and
Clarkston, WA (zip code 99403).
Number of Spaces: 337 current spaces
including 320 paved RV spaces, 14
unpaved tent spaces, 2 Yurts, and 1
Mobile Home. 52 Additional paved RV
spaces have been approved and are going
to be installed. There is also the
possibility of another 15 paved RV
spaces and 20 seasonal tent sites if a
buyer obtains government approval.
Price: $11,500,000
Cap Rate: 7.8% on 2008 projections
(with additional spaces); 3.6% on
current numbers.
Additional Description on
Resorts:
These three recently renovated top-rated
RV resorts have built a loyal repeat
customer base by offering high quality
physical improvements, great locations,
and excellent hospitality. This has
enabled the operator to increase rates
at the same time that occupancy is
increasing. There is absolutely no
deferred maintenance. The resorts are
located in Redding, California; Salem,
Oregon; and Clarkston, Idaho. The
resorts contain 337 spaces including 320
paved RV spaces, 14 unpaved tent spaces,
2 Yurts, and 1 Mobile Home space. An
additional 52 spaces have been approved,
and there is a possibility of another 15
paved RV spaces & 20 seasonal tent
spaces. The resorts are highly rated by
the industry - one is rated 12th in the
nation by Good Sam.
Redding resort: 16.34 acres with 100
total spaces including 76 paved spaces
with full utility hook ups, 7 paved
spaces with full utility hook ups except
for septic, 1 mobile home space, 14
unpaved tent spaces, and 2 Yurts. Salem
resort: 44.92 acres with 162 concrete
pad RV sites with full utility hook
ups. Clarkston resort: 10.66 acres with
75 paved spaces with full utility hook
ups. The Salem resort has frontage on
Rickreall Creek, a tributary of the
Willamette River. The Clarkston resort
has 1,000 feet of frontage on the Snake
River.
The Redding, California resort recently
obtained approval to add 21 additional
paved, full-service RV spaces. The
Clarkston, Washington resort also
recently obtained approval to add 31
additional paved, full-service RV
spaces. The Salem, Oregon resort has
excess land that may allow for an
additional 15 paved, full-service RV
spaces, and 15-20 seasonal tent spaces
if governmental approvals are sought and
granted.
The quality of these resorts has enabled
them to achieve rental rates that are
approximately 22% higher than
competitors. The Trailer Life industry
ratings are as follows: Redding 10 / 10*
/ 9; Salem 9.5 / 10* / 9.5; Clarkston 9
/ 10* / 9. The Woodall's industry
ratings.
Clarkson, Washington
Clarkson, Washington
Redding, CA Lodge
Redding, CA
Salem, OR
Salem, OR
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