TUCSON, Arizona -- Park Brokerage is proud to announce the sale of Sentinel Peak RV Park located near downtown Tucson, Arizona was completed on March 13, 2019 for a price of $1.4 million ($56,000 per space). John Sheedy with Park Brokerage completed the transaction the sale on behalf of the seller and procured the buyer which is an entity related to a Phoenix-based commercial real estate investment firm.
Sentinel Peak is a 25 space RV park with a full amenity package including pool, spa, clubhouse, laundry facility, and a small store. The park was built only four years ago so all the infrastructure is new and the utilities are provided by the city. The streets are paved and the sites can accommodate modern RV's in both size and electrical service.
John Sheedy commented "this is an extremely high-demand RV park located less than one mile from the blossoming downtown Tucson submarket which has seen numerous multifamily and commercial developments pop up over last few years. The popularity of the property due to it's location, amenities, and management made this a high-cash flow play for the buyer who I am confident will be very successful due to their experience in similar asset classes."
Please feel free to contact John for more information about this sale at 602-821-4666 or at jsheedy@parkbrokerage.com
To learn more, see RED Comp #6655.