HomeMy WebLinkAbout041624 - Just Listed_ 38-Site RV Park w_ Approved Expansion Opportunity _ 6_48% CAP _ Brookings_ ORALERT: BE CAUTIOUS This email originated outside the organization. Do not open attachments or click on links if you are not expecting them.
Just Listed: 38-Site RV Park w/ Approved Expansion Opportunity | 6.48% CAP | Brookings, OR
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Brookings RV Park
96707 E Harris Heights Rd, Brookings, OR 97415
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38-Site Oceanside RV Park with an Approved 51-Site Expansion on 7.35 AC
Brookings RV Park offers an unparalleled investment opportunity amidst the natural beauty of the Pacific Northwest.
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$2.9M
Sale Price
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6.48%
YEAR 1 CAP Rate
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7.35 AC
Land Area
Investment highlights
Prime coastal location across from Brookings’ popular Harris Beach
Holds a conditional use permit allowing expansion up to 89 RV spaces
Strong market demand with a waiting list
Strategic access and visibility near Highway 101
Modern infrastructure in good condition, featuring city water and sewer, built in 1999
Current rents are significantly below market rates (market rate is $775, while legacy tenants pay $484), presenting a significant opportunity to organically increase revenue by 10% per
year or upon tenant turnover
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For more information, Please contact
Rand Hoffman
First Vice President
415.859.1075 <tel:415.859.1075>
e-mail Rand <mailto:rand.hoffman@kidder.com?subject=Just Listed: 38-Site RV Park w/ Approved Expansion Opportunity | 6.48% CAP | Brookings, OR>
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This information supplied herein is from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective
Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses.
CONSULT YOUR ATTORNEY, ACCOUNTANT, OR OTHER PROFESSIONAL ADVISOR.
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