Sterling Winds MHP & RV Brokerage Represents Buyer In $6.8M Sale Of Preble Country, OH RV Park
SOLD
$6,800,000
Other
Sold 12/28/2023
SOLD
Sterling Winds MHP & RV Brokerage Represents Buyer In $6.8M Sale Of Preble Country, OH RV Park
Preble County, Ohio, US
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Sold 12/28/2023
Summary
OHIO
Asset Type:Other
Transaction Type:Sale
An RV Park located in Preble Country, OH, has been sold for a price of $6,800,000. The transaction took place on 12/28/2023. The park consists of 246 units, resulting in a price per unit of $27,642.
Summary of transaction details
- Property Type: RV Park
- Transaction Amount: $6,800,000
- Units: 246
- Price Per Unit: $27,642
- Market: Preble Country, OH
The sale of this RV Park was handled by the brokerage team of Drew Greenbaum, Gabe Fischer, and Eli Landes from Sterling Winds MHP & RV Brokerage. The team prides themselves on being hungry young professionals with a wide network of owners across the country. As specialists in off-market deals, they are the ideal choice for anyone interested in buying or selling Mobile Home Parks, RV Parks, or campgrounds. If you wish to explore opportunities in this market, you can contact them at 914-552-3013.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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