139 E PIONEER DR Valdez AK 99686

Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer the opportunity to acquire Eagle’s Rest RV Park, a highly-rated, majority transient RV park located in the heart of Prince William Sound and surrounded by some of the worlds tallest and most picturesque mountains, in Valdez, Alaska. The property includes 220 existing sites and is a prime destination for travelers looking to enjoy the outdoors and take-in the diverse marine life surrounded by over 150 stunning glaciers.

With the 2024 season nearly complete, the 2024 revenues are up over 9% compared to 2023 and NOI is up almost 35% over the same period. The park continues to have substantial pre-bookings for 2025 and growth is expected to continue with many value add opportunities remaining.

The asking price for the park is $5,900,000 ($26,818/site)

The asking price represents a 9.8% cap rate on year 1.

If this one doesn't match your investment criteria, you can visit this LINK to update your criteria.

You can view our other opportunities here

If you have a property you would like to sell or receive a valuation on, click HERE

Colliers Manufactured Housing & RV Group Linkedin Page

MH Park Groups:
https://www.facebook.com/groups/1971542136217030
https://www.linkedin.com/groups/12180353

RV Park Groups:
https://www.facebook.com/groups/2040575082699586
https://www.linkedin.com/groups/12180303

• As of July 3rd 2024 Pre-bookings were 131% of Pre-bookings in 2023. Prebookings typically account for as much as 50% of Pro forma revenue.

• As of 6/17/24 reservation revenue is up 46% and reservation occupancy is up 4% compared to 2023

• Eagle’s Rest is the largest RV park in the state with a total of 220 sites, inclusive of 172 RV sites, 19 Cabins and 29 Glamping/Tent sites on 11 acres overlooking Prince William Sound.

• There is a 3/2 apartment currently not in use that could be rented out to generate ~$2K/month and a storage building on-site that is currently under utilized as a revenue stream. The Cabin sites generate a significant revenue premium over RV sites and more could be added for a high return on cost.

• There is an adjoining 14.27 acres of vacant land for sale from a different owner that could be purchased and developed as an expansion opportunity.

• Located in a terminus of the Trans-Atlantic Pipeline, which is a significant provider of high-paying jobs. At similar seasonal RV parks, there has been workforce housing contracts negotiated for the shoulder or off season. This could grow revenue while only having a marginal impact on expenses.

• Located along Alaska route 4, The park is 299 miles from Anchorage and 363 miles from Fairbanks.