Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground

RV Park/Campground Details

  • Purchase Method: Seller Financing, New Loan
  • Cap Rate: 7.6%
  • Listing ID: 816887
  • Posted On: May 25, 2017
  • Updated On: Jul 6, 2017

Description

Shelter Cove RV Park and Campground is a 105 space permitted RV park, 49 RV spaces, 55 campground spaces and 1 mobile home space. Two of the RV spaces are currently occupied by camp hosts and park staff. The park owned mobile home houses on site management. The mobile home is included in the sale.
The RV park has 49 full hook up sites, approximately 12-15 sites are pull through. There is the potential to add more pull throughs. All RV sites and campgrounds offer beautiful scenic views of the Pacific Ocean and sur-rounding King Range mountains. The property is on agency water, sewer and electricity (30 amp) with pro-pane service. The campground sites feature water spigots every 3-4 sites. RVs will often stay in these sites with the park offering dump service via truck. Shelter Cove RV Park is the only RV park in the town and there are substantial physical barriers to entry.
The RV Park and campground sits on one parcel of 4.85 acres. There is an adjacent parcel of 1.5 acres owned by the same owner and a right of first refusal on this adjacent vacant parcel is part of the investment offering. Water rights for one third of the “Machi Spring” are deeded to the RV park land.
The RV park offers full hook ups with 30 amp electrical service. The park was constructed in 1971 and the underground utility infrastructure is believed to be in good condition. The park is on public water, sewer and electrical service from the Shelter Cove Resort Improvement District #1 (RID). The campground sections and spaces have shared water faucets fire rings and picnic benches. The property gently slopes to the Pacific Ocean providing magnificent views to customers and tenants.
The park sells propane to tenants; Amerigas is the master propane gas supplier.
The RV Park and Campground rental rates for 2 people over the age of 5 are as follows:
1) $1,050 monthly for RVs
2) $45 daily for RVs
3) $35 daily for campsites
4) Extra charges: additional cars, boats, pets and similar are $1.00 each per day. $10 per day for parties of 3 or more (over age 5).

This wonderful real estate and RV park and campground investment is offered for sale at $2,900,000, recently reduced $300,000!

As of March 29, 2017 SBA (7a) Loan Financing available, 80% LTV plus working capital, 5.500% interest rate fixed for 3 years, interest only for 9 months, 25 year amortization, due in 25 years. 25 year financing!

Location

The Town of Shelter Cove is located the southern end Humboldt County and is situated in the heart of the “Lost Coast” of California.
The “Lost Coast” of California was created when back in the 1920s engineers decide that the coastline from northern Mendocino County through the King Range in Humboldt County was too rugged for even a two lane highway and the road builders bypassed the entire area. As a result this area of the California coast mostly undeveloped and perfect for travelers looking to get away from it all seeking peace and seclu-sion in a setting of breathtaking natural beauty.
Shelter Cove is a relatively flat point set amid a long stretch of sheer ocean cliffs and the town gets its name from a gulf formed by Point Delgada to the south.
The broker experienced the enchanting setting of Shelter Cove firsthand.
The Town of Shelter Cove has a stated population of 693 as of 2010 census, however this population is assured-ly understated as there many more people living in the nice homes in the surrounding hills. One is struck by the higher end homes throughout Shelter Cove as well as the general feel of activity. This beautiful coastal com-munity is truly a destination location and will continue to experience equity gains for those seeking escape and tranquility from the continuously increasing population and hustle bustle of California.
The Town is a nature lover’s paradise with first class fishing, diving for abalone, whale watching from the shore for months at a time every year, gray whales migrate from Alaska to Baja California and back, along with nu-merous hiking trails along coast and mountains. The forests surrounding the town are home to bald eagles, Roosevelt elk, black tail deer (commonplace) and even Bigfoot sightings.
The rocky shoreline makes Shelter Cover a refuge for seals and sea lions and is home to some of the richest tide pools. Black Sand Beach just to the north of Shelter is absolutely striking and picturesque.
Shelter Cove RV Park and Campground occupies 4.85 acres within this nature paradise.

Amenities

  • Laundromat
  • Club House
  • Storage
  • Boat Access
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 105
Year Built: 1960
Average RV Lot Rent: $1,050
Size: 4.9 acre(s)

Financial Information (Actual)

Gross Income: $857,684
Operating Expense: $638,093
Net Operating Income: $216,273
Expense Ratio: 74.4 %
Debt Info: Seller or SBA

Utility Information

Water: City
Sewer: City