Marcus & Millichap announced the sale of Covered Wagon RV Park, with 44 RV sites and two mobile-home sites on 3.27 acres in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office, as reported by AzBigMedia. The RV park was listed for $1.25 million.
Covered Wagon RV Park is located at 6540 North Black Canyon Highway in Phoenix, Ariz. The park has a history of high year around occupancy and historically collects approximately 90% of its potential income.
There is a pool, restrooms with showers and a laundry room. The sites are 27-35’ x 55-65’ and are submetered for electricity. The water, sewer and trash is included in the rent.
The cost per site was $26,596 and the seller included two mobile homes in the asking price.
The property generated several offers during the listing period and sold to a seasoned operator looking to build a portfolio in the Arizona market.
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