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RV Park

Rising River RV Park

5579 SW Grange Rd, Roseburg, OR 97471

Listing Price: $5,650,000

Cap Rate
6.06%
Number of Spaces
91
Lot Size
14.16 acres
Occupancy
100.0%
Price/Space
$62,088
Spaces/Acre
6.43
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Rising River RV Park, located at 5579 Grange Road in Roseburg, OR. The property is situated on a total of 14.16 acres, which is meticulously maintained and located on the South Umpqua River. The listing price is $5,650,000, which is underwritten at a 53.12% expense ratio. The park includes amenities such as private restrooms and showers, onsite laundry units, storage units, and a fenced-in dog run. Additionally the property has rights to 1,100 feet of river frontage that irrigates the entire park throughout the summer. The park consists of 91 full hook up sites and one vacation rental, see site breakdown below: • 18 river sites • 73 pull-through/back-in sites • 1 - 1,800 sq ft home Major improvements in the last 4 years include new computer/software systems, a dual-fenced dog park, new electric gates securing the entire property, new construction for the office/store, and new washers and dryers (total of 8 washers and 8 dryers). The recently remodeled vacation rental achieves $205 a night. Based on the financial summary, an investor could expect to purchase the property at a 6.06% going-in cap rate based on historical actuals (2020). With high in-place cashflow, coupled with recent increased demand for RV parks, this offering presents significant upside to a potential investor.

Investment Highlights

  • WELL-KEPT RV PARK WITH AMENITIES: full hook-up capabilities at each site, private bathrooms and showers, onsite laundry, wi-fi, cable, storage availability, convenience store, & propane station
  • STRONG CASH FLOW & MARKET GROWTH OPPORTUNITY: Investors have the opportunity to change business models as they see fit, such as shifting towards longer-term tenants
  • PRIME LOCATION: Just four miles from I-5, only eight miles from Roseburg Regional Airport

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Listing Price: $5,650,000

Cap Rate
6.06%
Number of Spaces
91
Lot Size
14.16 acres
Occupancy
100.0%
Price/Space
$62,088
Spaces/Acre
6.43
Year Built
1998

Investment Highlights

  • WELL-KEPT RV PARK WITH AMENITIES: full hook-up capabilities at each site, private bathrooms and showers, onsite laundry, wi-fi, cable, storage availability, convenience store, & propane station
  • STRONG CASH FLOW & MARKET GROWTH OPPORTUNITY: Investors have the opportunity to change business models as they see fit, such as shifting towards longer-term tenants
  • PRIME LOCATION: Just four miles from I-5, only eight miles from Roseburg Regional Airport

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Rising River RV Park, located at 5579 Grange Road in Roseburg, OR. The property is situated on a total of 14.16 acres, which is meticulously maintained and located on the South Umpqua River. The listing price is $5,650,000, which is underwritten at a 53.12% expense ratio. The park includes amenities such as private restrooms and showers, onsite laundry units, storage units, and a fenced-in dog run. Additionally the property has rights to 1,100 feet of river frontage that irrigates the entire park throughout the summer. The park consists of 91 full hook up sites and one vacation rental, see site breakdown below: • 18 river sites • 73 pull-through/back-in sites • 1 - 1,800 sq ft home Major improvements in the last 4 years include new computer/software systems, a dual-fenced dog park, new electric gates securing the entire property, new construction for the office/store, and new washers and dryers (total of 8 washers and 8 dryers). The recently remodeled vacation rental achieves $205 a night. Based on the financial summary, an investor could expect to purchase the property at a 6.06% going-in cap rate based on historical actuals (2020). With high in-place cashflow, coupled with recent increased demand for RV parks, this offering presents significant upside to a potential investor.

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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