TUCSON, ARIZONA – Pima Swan RV Park at 4615 E Pima Street in Tucson recently sold for $950,000 ($28,000 per space) for the 34 spaces with one park owned unit.
Located in central Tucson on just under one acre, the park is near all major employers in an infill location, Pima Swan was 94% occupied at time of sale and offered an investor a 6.25% cap rate on an RV park that runs like a mobile home park. Every tenant resides in the park on a permanent basis so no transient income like many RV parks.
The park has paved roads, laundry facility, top-notch landscaping and city utilities.
Dustin Wilmer with Marcus & Millichap of San Diego represented the seller, Bano Investments LP (John P and Catherine M Knox) of Glendale, Arizona.
Andy Burnett of Taylor Street Advisors in Tucson represented the investor, Douglas Development Group, LLC of Southern Pines, North Carolina.
For more information, Wilmer can be reached at 858.373.3100 and Burnett can be contacted at 520.310.1645.
To learn more, see RED Comp #8925