NAI Horizon sells largest RV park in Apache Junction
PHOENIX, ARIZONA (July 6, 2017) – The largest recreational vehicle park in Apache Junction, Ariz. – 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.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage, Property Management and Appraisal Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 400 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide.
NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit: www.naiglobal.com.
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