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RV Park

Albany / Corvallis KOA

33775 Oakville Rd SW, Albany, OR 97321

Listing Price: $3,800,000

Cap Rate
8.15%
Number of Spaces
105
Lot Size
33.79 acres
Occupancy
100.0%
Price/Space
$36,190
Spaces/Acre
3.11
Year Built
1987

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Albany / Corvallis KOA RV Park, located at 33775 Oakville Road South in Albany, Oregon. The property is situated on a total of 33.79 acres and is on private well and septic services. The listing price is $3,800,000, which is underwritten at a 58.11% expense ratio. The park includes amenities such as a clubhouse, pool, private bathrooms,showers, and laundry rooms. Additionally, there is a barn onsite that can be turned into an event center and is used to host movie night for guests. There is a significant amount of additional acreage on the property, allowing for potential expansion opportunity. The park has a total of 105 sites, which are broken out as follows: 62 Full Hookup Sites 28 Water/Electric Sites 9 Tent Sites with water 6 One room Prairie Kraft Cabins One small apartment above the clubhouse with one bed, one bath, and kitchen Additionally, there is a farmhouse that was built in 1921, but has been recently renovated.

Investment Highlights

  • Well-Kept KOA RV Park With Amenities
  • Strong Cash Flow & Market Growth Opportunity
  • Prime Location

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Listing Price: $3,800,000

Cap Rate
8.15%
Number of Spaces
105
Lot Size
33.79 acres
Occupancy
100.0%
Price/Space
$36,190
Spaces/Acre
3.11
Year Built
1987

Investment Highlights

  • Well-Kept KOA RV Park With Amenities
  • Strong Cash Flow & Market Growth Opportunity
  • Prime Location

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Albany / Corvallis KOA RV Park, located at 33775 Oakville Road South in Albany, Oregon. The property is situated on a total of 33.79 acres and is on private well and septic services. The listing price is $3,800,000, which is underwritten at a 58.11% expense ratio. The park includes amenities such as a clubhouse, pool, private bathrooms,showers, and laundry rooms. Additionally, there is a barn onsite that can be turned into an event center and is used to host movie night for guests. There is a significant amount of additional acreage on the property, allowing for potential expansion opportunity. The park has a total of 105 sites, which are broken out as follows: 62 Full Hookup Sites 28 Water/Electric Sites 9 Tent Sites with water 6 One room Prairie Kraft Cabins One small apartment above the clubhouse with one bed, one bath, and kitchen Additionally, there is a farmhouse that was built in 1921, but has been recently renovated.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

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