RV Park/Campground Details

  • Cap Rate: 8.5%
  • Listing ID: 1651162
  • Posted On: Apr 19, 2022
  • Updated On: Aug 9, 2022

Description

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

The Esterson MHC Team is pleased to present the opportunity to acquire Friendly RV Park, a 43-site park located in Weed, CA. The community is nestled at the base of Mt Shasta in the Cascade Mountains, halfway between San Francisco and Portland.

Tucked away among the towering pines, the park is surrounded by natural beauty and has breathtaking views of Mt Shasta from just about every RV site. Friendly RV is also strategically located less than a mile off Interstate 5, which provides a nice mix of overnight campers and stable, extended guests.

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 61.2%. Friendly RV Park is also permitted for an additional 17 sites (16 RV + 1 MH), bringing the total potential unit count to 62.

Current RV lot rents average $545 per site/month, which is significantly below the market average of $763, based on a survey we conducted of comparable parks in the area. Friendly RV is serviced by city sewer and water, both of which are paid for by the current landlord.

According to Google Reviews, Friendly RV Park is one of the highest rated parks in Northern California and is within walking distance of Starbucks, restaurants, and grocery stores. The City of Weed is a historic lumber town that has retained much of its early 1900’s charm, while transitioning into a tourist destination. An easy one hour drive north of Redding on Interstate 5 brings you to our home where you may enjoy abundant lakes and rivers, beautiful forests, wildlife, scenic drives, local art, festivals, live music, and a Friendly community.

Amenities

  • Club House
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Park Information

Number of RV Lots: 43
Average RV Lot Rent: $495
Size: 3.5 acre(s)

Financial Information (Actual)

Net Operating Income: $192,222

Utility Information

Water: City
Sewer: City

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