RV Park/Campground Details
- Purchase Method: Cash
- Cap Rate: 7.4% (Pro Forma)
- Listing ID: 3877113
- Posted On: Oct 23, 2023
- Updated On: Feb 28, 2024
Description
Ark Denali is situated on 85.61 acres of land located
at 4852 North Parks Highway, Trapper Creek, Alaska.
The property has frontage on the Chulitna River
and Highway 3. The main highway running between
Fairbanks & Anchorage.
Ark Denali consists of an irregular shaped parcel with
exceptional views of mount Denali, which is a major
amenity to the subject property. The 1st phase of
development includes retail, gallery and restaurant.
In addition, there is an entry office (RV support
building), three bathhouses, 39-space RV Park and
campground.
Ark Denali will have significant site amenities and
features, such as viewing decks, helipad and bridge
crossing the creek. All structures will have a rustic
exterior façade with rough cut shiplap siding milled
onsite and stone veneer entryways. The subject site
offers exceptional views of Denali and the Chulitna River.
Phase 1 - 39 RV spaces planned. Phase 2 - 14 double cabins (28 units) & Phase 3 - potential 100 room hotel.
Ideally ownership is looking for a equity partner to participate with the current partnership group to fully capitalize and develop the park. The current ownership has contributed $2M.
Location
Irreplaceable land with river frontage located on the only major highway
from Anchorage to Fairbanks.
• Projected immediate value add through 3 phases of development.
• Spectacular direct views to Mount Denali. The highest most pristine peak
in North America.
• In addition to tremendous real estate value, projected strong cash flow
from the operating business model.
• Proven rental pricing from the state-run RV park located directly across
the highway.
• Current investor group has invested over $2 million.
Amenities
- Laundromat
- Club House
- Boat Access
- Manager Office
- Bathhouse
- Store
- Wifi
- Fitness Center
Park Information
Number of RV Lots: | 39 |
Year Built: | 2024 |
Size: | 85.0 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $2,942,000 |
Operating Expense: | $1,827,000 |
Net Operating Income: | $1,115,000 |
Expense Ratio: | 62.1 % |
Debt Info: | SBA Loan $5,000,000 |
Utility Information
Water: | Well |
Sewer: | Septic |