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4419 N Hwy 146, Baytown, TX...

Updated Oct 29, 2024

Robert Denninger Of Marcus & Millichap Brokers Cedar Grove Park RV Resort Sale In Baytown
SOLDCommercial

Robert Denninger Of Marcus & Millichap Brokers Cedar Grove Park RV Resort Sale In Baytown

4419 N Hwy 146, Baytown, TX, 77521

Building Size

Asset Type

Commercial

Closing

Nov 22, 2023

About this deal

AI

Cedar Grove Park RV Resort, a 266-site RV park located in the eastern Houston suburb of Baytown, Texas, was recently sold in a transaction brokered by Marcus & Millichap. The property, situated at 4419 N Hwy 146, Baytown, TX, 77521, was sold by a private investor to an unknown limited liability company. At the time of the sale, the RV park was approximately 90 percent occupied, showcasing its desirability and potential for the new owner.

Summary of transaction details:

Robert Denninger of Marcus & Millichap played a key role in representing both the seller and the buyer during the sale of Cedar Grove Park RV Resort. The transaction, which involved a seller keen on confidentiality and an anonymous buyer operating under a limited liability company, highlights the discreet nature of the deal. The parties involved preferred to remain unnamed, maintaining a level of privacy throughout the negotiation and completion process.

Players

Robert Denninger

Marcus & Millichap

Broker

10 deals

Broker
UL
Unknown LLCBuyer

Baytown Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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