Contact Information
Jordan Vaughn
RV Park/Campground Details
- Price: $1,900,000
- Purchase Method: Seller Financing, Assumable Loan
- Listing ID: 6753470
- Posted On: Oct 22, 2024
- Updated On: Oct 22, 2024
Description
**BELOW MARKET RATE ASSUMABLE FINANCING AVAILABLE*
Deal Room Link: https://platform.reverecre.com/project/871d41f2-0435-4650-b3ee-acafad91e02f
Northmarq is pleased to present the San Antonio RV Portfolio, a 2-property RV park portfolio near San Antonio, Texas. Both properties, totaling 75 units, are located within the San Antonio MSA and consist predominately of long-term RV tenants, leaving minimal owner responsibility. Both properties, Vista RV Park and Quail Ridge RV Park, located in Floresville and Stockdale, TX, respectively, offer day-one cash yield while leaving significant upside for a new buyer to improve operations and increase occupancy. The attractive assumable debt across both properties, with below-market fixed interest, allows investors to acquire two high-quality, income-producing assets characterized by both stable cash flows and significant potential for value appreciation. Located along US-181 & US-87 respectively, tenants at Vista RV Park and Quail Ridge RV Park enjoy affordable living options with easy commutes to major employers within greater San Antonio. There is also a NNN Auto body shop on the Floresville property generating income.
Amenities
- Club House
- Storage
- Manager Office
- Wifi
Park Information
Number of RV Lots: | 74 |
Year Built: | 2013 |
Average RV Lot Rent: | $393 |
Financial Information
Debt Info: | 5.63% |
Utility Information
Water: | City |
Sewer: | City |