Jalmar Properties Inc. announced that after a very busy summer, McCloud RV Resort near McCloud, Calif., is on the market for sale.
After assuming management responsibilities for the property in May, Jalmar reopened the resort in time for Memorial Day and honored all prior reservations for one of the most successful summers in its 26-year history, according to a news release.
Commercial real estate brokerage CBRE is listing the 10-acre resort for sale at $890,000.
Jalmar proactively approached the resort as a value-add opportunity and completed several key projects to refresh the property’s appearance and facilities including substantial grounds cleanup, debris removal and updates to the park model cabins. According to CBRE listing broker Vince Reynolds, several longtime visitors were very happy to continue their family summer traditions.
“The feedback from summer guests was overwhelmingly positive. The enhancements to the resort by Jalmar exceeded everyone’s expectations. They returned the distressed property to a family-friendly environment and created an exceptionally profitable asset,” Reynolds said. “We are searching for a new owner and operator that will apply the same attention and care to the RV resort as the current team.”
This destination RV resort is located near the base of Mount Shasta in beautiful McCloud, Calif., at 480 Highway 89, approximately 10 miles east of I-5. The 10-acre McCloud RV Resort offering includes seven fully-furnished Stewart Lodge park model cabins, 130 RV spaces including 107 spaces with 30- or 50-amp hook-ups, a lodge and dance hall, trout pond, babbling brook, restrooms, showers and vacant acreage for expansion.
“We understand the economic impact that the resort brings to the McCloud community,” said James Donell of Jalmar. “Our objectives have been to preserve and enhance this beautiful property so that CBRE can locate and procure the most qualified entity to continue operating the property as a first class RV resort.”
Jalmar Properties Inc. is a full-service property management, investment and brokerage firm providing services throughout California, Arizona and Nevada. In addition to Class A properties, Jalmar regularly manages and rehabilitates distressed properties. Since 1985, Jalmar has managed real estate assets valued at more than $2 billion.
For more information about the McCloud RV Resort offering contact CBRE’s Vince Reynolds at (858) 546-4636.