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RV Park

The Retreat at Sonoran Springs

30885 AZ-85, Buckeye, AZ 85326

Listing Price: $12,000,000

Cap Rate
4.30%
Number of Spaces
800
Lot Size
232.00 acres
Occupancy
1.0%
Price/Space
$15,000
Spaces/Acre
3.45
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to exclusively offer The Retreat at Sonoran Springs RV Resort (SS), located in the municipality of Buckeye, AZ, the fastest-growing municipality in the US. Buckeye is home to 86,000 people with a year-to-year growth of 10.7% and a median income of $84,000. This Class A motorcoach first-class development site is comprised of 232 acres of fee-simple land, fully entitled for an 800 site RV Resort, and designed to accommodate the “Big Rig” market with 100x50ft (5000 SF) sites. Additional amenities include 2 clubhouses, a 12-hole executive golf course, an equestrian center, and more. Water rights are included with the purchase of the land, and utilities are provided by a top-of-the-line well and treatment system, which efficiently recycles water and is all approved by the city, while the final plat has been submitted is currently under final review. Bordered by BLM land that opens to the Sonoran Desert and North Maricopa Mountains Wilderness Area, the resort will attract class A clientele that are under accommodated in the “Big Rig” market. Comparable resorts and comparable size sites in the Phoenix MSA, rent for upwards of $1000/mo; however, the proforma conservatively uses a lot rent of $899 as a monthly rate. With the considerable size of the development, current ownership, brokers, and lenders recommend that it be developed in 2 Phases. Phase I - 300 RV sites (approx.), golf course, front clubhouse facility, front entry amenities as well as the Sports Bar, Market and Fuel Station on the commercial frontage. Phase II – 500 RV sites, equestrian center, clubhouse 2 facility 60 key hotels. A Phase I financial model outlining the construction, assumptions, operating projections, and IRR returns are available upon request. The project is being offered fully entitled for $12,000,000. We currently have several lenders interested in financing the construction of this project.

Investment Highlights

  • Prime investment opportunity to build first class Resort with 5000 SF sites to accommodate the "Big Rig" market, while open to "all RVs"
  • Buyer/Developer can choose from several business models to create their preferred asset to operate or exit
  • Land fully entitled by experienced and top-notch design team

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

RV Park

The Retreat at Sonoran Springs

Listing Price: $12,000,000

Cap Rate
4.30%
Number of Spaces
800
Lot Size
232.00 acres
Occupancy
1.0%
Price/Space
$15,000
Spaces/Acre
3.45
Year Built
2021

Investment Highlights

  • Prime investment opportunity to build first class Resort with 5000 SF sites to accommodate the "Big Rig" market, while open to "all RVs"
  • Buyer/Developer can choose from several business models to create their preferred asset to operate or exit
  • Land fully entitled by experienced and top-notch design team

Investment Overview

Marcus & Millichap is pleased to exclusively offer The Retreat at Sonoran Springs RV Resort (SS), located in the municipality of Buckeye, AZ, the fastest-growing municipality in the US. Buckeye is home to 86,000 people with a year-to-year growth of 10.7% and a median income of $84,000. This Class A motorcoach first-class development site is comprised of 232 acres of fee-simple land, fully entitled for an 800 site RV Resort, and designed to accommodate the “Big Rig” market with 100x50ft (5000 SF) sites. Additional amenities include 2 clubhouses, a 12-hole executive golf course, an equestrian center, and more. Water rights are included with the purchase of the land, and utilities are provided by a top-of-the-line well and treatment system, which efficiently recycles water and is all approved by the city, while the final plat has been submitted is currently under final review. Bordered by BLM land that opens to the Sonoran Desert and North Maricopa Mountains Wilderness Area, the resort will attract class A clientele that are under accommodated in the “Big Rig” market. Comparable resorts and comparable size sites in the Phoenix MSA, rent for upwards of $1000/mo; however, the proforma conservatively uses a lot rent of $899 as a monthly rate. With the considerable size of the development, current ownership, brokers, and lenders recommend that it be developed in 2 Phases. Phase I - 300 RV sites (approx.), golf course, front clubhouse facility, front entry amenities as well as the Sports Bar, Market and Fuel Station on the commercial frontage. Phase II – 500 RV sites, equestrian center, clubhouse 2 facility 60 key hotels. A Phase I financial model outlining the construction, assumptions, operating projections, and IRR returns are available upon request. The project is being offered fully entitled for $12,000,000. We currently have several lenders interested in financing the construction of this project.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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