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Michigan Outdoor RV Portfolio 2 Specialty Properties Offered at $3,600,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Michigan Outdoor Portfolio are no longer operated as membership properties, giving new ownership significant growth potential.
- Management in-place with out-of-state owner and ready for stabilization post-membership.
- It is likely that many current members will continue to come to the parks, providing a base to facilitate conversion from the membership model.
- Trailing revenue does not reflect true potential to operate each park on independent cash flow basis.
- Within short distance to large population centers and with high-quality amenities the resorts would have strong demand as traditional RV parks.
- Historically operated as a membership property the seller is ending all obligations to members at sale.
EXECUTIVE SUMMARY
Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the opportunity to acquire the Northeast Michigan RV Resort Portfolio offerings, Wilderness Resort and Rifle River Resort, located just 7 miles from each other.
The portfolio features abundant amenities and River frontage at Rifle River as well as water access at Wilderness. Guests enjoy abundant opportunities for on-site and nearby water recreation, making these properties ideal for outdoor enthusiasts and family getaways.
The asking price for the portfolio is $3,600,000 ($9,474 / total site).
This represents a 24% stabilized cap rate.
Note: The properties were previously operated as membership parks. All membership obligations will terminate upon sale, ensuring a clean transition. Historic revenue is artificially low as members receive free site cost.
The portfolio features abundant amenities and River frontage at Rifle River as well as water access at Wilderness. Guests enjoy abundant opportunities for on-site and nearby water recreation, making these properties ideal for outdoor enthusiasts and family getaways.
The asking price for the portfolio is $3,600,000 ($9,474 / total site).
This represents a 24% stabilized cap rate.
Note: The properties were previously operated as membership parks. All membership obligations will terminate upon sale, ensuring a clean transition. Historic revenue is artificially low as members receive free site cost.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $3,600,000 | Number of Properties | 2 |
| Price / SF | $1,800 / SF | Individually For Sale | 2 |
| Sale Type | Investment or Owner User | Total Building Size | 2,000 SF |
| Status | Active | Total Land Area | 65.00 AC |
| Price | $3,600,000 |
| Price / SF | $1,800 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 2,000 SF |
| Total Land Area | 65.00 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1050 Husak Rd, Omer, MI 48749 | Specialty | 1,000 SF | 1970 | $1,900,000 |
|
Rifle River
334 S Melita Rd, Sterling, MI 48659 |
Specialty | 1,000 SF | 1980 | $1,700,000 |
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CONTACTS
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Mike Nissley -
Richard Knapp -
Kari Pell -
David Nissley -
Colliers Manufactured Housing & RV Group
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Michigan Outdoor RV Portfolio
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