ANAHEIM, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Anaheim RV Village, (top left photo) a 293-site, three-star RV Resort in Anaheim. The sales price of $10 million included the 1.66-acre commercial corner at the intersection of Ball Road and Harbor Boulevard.
The park sold at a land value of $20.94 per square foot and a cost per site of $31,083 net of the commercial land value.
Douglas Danny, vice president investments and a senior director of the firm’s National Manufactured Home Communities Group in San Diego, represented the seller, WB Parc Anaheim LLC. The buyer was represented by Don Nourse of CB Richard Ellis.
“Anaheim RV Village has tremendous cash flow potential with operational repositioning,” says Danny. “The existing RV resort rental business was systematically curtailed to facilitate redevelopment of the site into multi-residential use. The current RV park occupancy has been at 25 percent since May of 2007.
The new owner, The Mother Colony Group LLC, intends to focus on annual rentals,” adds Danny.
Anaheim RV Village is comprised of 9.27 acres containing 274 RV lots with drains, 19 campsites with a full amenity package and a signal-controlled commercial corner with two retail rental units.
The listing attracted multiple offers from both developers and operators. The property was widely marketed for 180 days and was in escrow for a total of 60 days. This was an all-cash transaction.
Press Contact: Stacey Corso, Communications Department, (925) 953-1716
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