PHOENIX, ARIZONA – The largest recreational vehicle park in Apache Junction, Arizona – Lost Dutchman RV Resort – recently sold for $34 million ($46,575 per space).

Russ and Andrew Warner of NAI Horizon’s Manufactured Housing Group represented the seller, PVC Properties, Inc., of San Diego, a California corporation, in the transaction.

Lost Dutchman RV Resort, 400 N. Plaza Dr. in Apache Junction, comprises 730 spaces, more than 93 percent of which are occupied by permanently affixed, park model homes.

“The strong pricing of the gated park is a tribute to the seller’s success in creating a sense of community for the residents,” Russ Warner said. “The resort’s high occupancy and an unusually small number of for sale signs in the park are reflections of their efforts.”

Amenities of the park include a guard-gated entrance; two swimming pools, a Jacuzzi, a large recreation building and social hall for meals, dances, and entertainment; and exercise and arts and crafts rooms.

The principals of the buying entity, Spear Group, LLC, of Arizona City, Ariz., own nearly 2,400 RV and mobile home spaces in Arizona.

PHOENIX, ARIZONA – NAI Horizon’s 2016 Top 10 Producers are highlighted by a diverse group of brokers whose transactions totaled more than $275 million representing multiple property types.

The broad range of product type represented in NAI Horizon’s Top 10 is indicative of the overall health of the Valley’s commercial real estate industry.  The collective success of NAI Horizon’s professionals from industrial, retail, office, and investment sales was fueled by a healthy market and driven by strong engagement, vast experience and forward-thinking mindsets. It allowed these agents to secure the best possible outcomes for their clients.

“NAI Horizon’s broad range of specialties combined with our broker ownership program were instrumental in the company’s overall success last year,” said CEO and President Terry Martin-Denning. “The broker ownership program offers agents an opportunity to play a direct role in the company’s future. This creates a culture in which our agents can maximize their own business while still benefiting from the resources of a national platform. An overwhelming majority of our top producers have ownership in the firm and are members of the Executive Committee.

“With an ever-changing commercial real estate landscape, NAI Horizon has not only embraced change, it has built a platform that allows our brokers to thrive. This platform will be a driving force as we strategically add new brokers to our team in 2017,” Martin-Denning said.

NAI Horizon’s 2016 Top Producers:

1: Russ Warner – Investment Sales (Manufactured Housing and RV Parks)

2: Rick Foss – Industrial

3: Isy Sonabend – Industrial

4: Chris Gerow – Retail

5: Shelby Tworek – Retail

6: Barbara Lloyd – Investment Sales

7: Gabe Ortega – Retail

8: Lane Neville – Investment Sales

9: Horth Hong – Retail

10: Denise Nunez – Investment Sales (Self Storage)

Valley of the Sun Mobile Home & RV Park at 13377 N Sandario Road in Marana sold for $3.8 million ($31,405 per space) to California investors. The property is a 55+ community consisting of 73 RV spaces and 48 mobile home sites with only four park owned units.

Russ Warner with NAI Horizon Phoenix handled the transaction and calls the property “the mobile home park that’s not near any other mobile home parks, a gateway to the Saguaros.” Located in Marana, this established Park gets many returning visitors annually as well as some that store units there for the summer.

“Marana is a high growth area for the region and tenants look forward to coming to this area year after year,” said Warner. “The property is estimated to a four-star property.”

Built in 1984, amenities include a clubhouse with heated pool and spa, recently renovated bathrooms, a large recreation room, an arts & crafts, and a laundromat and poker/pool table room. The community also offers Wi-Fi, cable TV, horseshoes and shuffleboard, live entertainment and dancing with live music. Over-nighters are welcomed, with 20 pull thru full hook ups too.

The mobile home portion of the property was reported 95% occupied at time of sale.

The seller was Al Spall of Queen Creek, AZ and the buyers, Boegel-Filice, LLC (James Filice and Philip Boegel, managers)

For additional information, contact Warner at 602.955.4000.

To learn more, see RED Comp #3692.