Contact Information

RV Park/Campground Details

  • Price: $2,200,000
  • Cap Rate: 8.0%
  • Property ID: 1543586
  • Posted On: Oct 27, 2021
  • Updated On: Oct 27, 2021

Property Description

https://estersonmhcteam.​com/property/friendly-rv-park

Friendly RV Park, a 43-site park located just off the I-5 in Weed, CA.​ Friendly RV is surrounded by natural beauty and unmatched outdoor recreation, nestled at the base of Mount Shasta in the Cascade Mountains, halfway between San Francisco and Portland.​

The community is comprised of 45 total rental units - 43 RV sites, a 1BR apartment & a 2BR apartment - and maintains an average occupancy rate of 62.8%.​ Current lot rents average $528 per site/ month in a market that can sustain considerably higher rents, based on a survey we conducted on comparable parks.​ Friendly RV is serviced by public sewer and water, both of which are paid for by the current landlord.​

At $2,200,000, Friendly RV Park is being offered at an 8% cap rate on entry, with 13.5% cash-on-cash.​ This deal should qualify for recourse financing at a 3.75% interest rate, 75% LTV and 25-year amortization on a 10-year term.​

Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 43
Average RV Lot Rent: $528
Size: 3.5 acre(s)

Financial Information (Actual)

Gross Income $297,710
Net Operating Income $175,933
Debt Info

Utility Information

Water: City
Sewer: City

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