Leisure Village RV Resort

Brand new to the market is a well-located 55+ RV resort with high park model tenancy located in the outskirts of metro Phoenix. This property is located just forty minutes from Sky Harbor airport right off Interstate 10 in a submarket with significant homebuilder and commercial developments within a stone’s throw. The seller has indicated willingness to put in a $750 rent bump on annuals which brings in more in line with comparable communities for the buyer prior to close of escrow for the 2023=204 winter season ( see pro forma) which allow for a competitive return with remaining upside in developing additional sites in the current storage area. The community is currently in the county however has a municipal sewer line directly in front of the community. Casa Grande has indicated a willingness to annex the parcel and allow for storage sites to be converted to FHU RV sites with application and payment of impact fees. Water and sewer lines will need to be added, however electric is already in place. Contact the broker for more details.