14301 CO RD 28 Summerdale AL 36580

The Premier RV Club portfolio showcases a diverse range of properties across seven southern states*, Florida, New Mexico, Texas, Missouri, Tennessee, Alabama, each with unique attributes. Key highlights include 109 site average park size recent utility improvements and proximity to city amenities, strategic locations such as just off major interstates like I-20 and I-10 or in close proximity to destination locations, and the availability of undeveloped land for potential expansion at a few properties. The portfolio features amenities like clubhouses, activity centers, laundry, dog parks, swimming pools and pickleball courts.

Priced well-below replacement cost and with strong locations and in-place management the portfolio is primed for a new owner to institute improved marketing, grow rents to market and improve occupancy all while improving the parks to include additional amenities and upgraded site types as well as expanding the parks with vacant land.

The asking price for this portfolio is $19,650,000 ($25,686/site).

The portfolio is available to be acquired together or properties purchased individually.

*Contact for additional (7th) state information

• Based on comparable sales the asking price is well below stabilized value.

• The portfolio is priced well below replacement cost allowing for a new owner to work towards achieving the substantial upside in both rate and occupancy while benefiting from a lower basis than competitive parks.

• The parks could be upgraded with new and improved amenities to attract higher revenue customers.

• Due to the current membership structure and incentives, occupancy lags well below peers. Bringing occupancy in line with competitive properties will drive sizable revenue and NOI growth.

• Current rates are well below market due to membership discounts as well as less aggressive management allowing for new ownership to move towards market over a 1-3 year period.

• There is ~36 acres of vacant land that could be developed to expand Rainbow Plantation and Dream Catcher.

• Sites could be upgraded to concrete and improved with site adjacent amenities or with added carports.

• The addition of cabins, glamping sites, park models, etc. could grow revenue by increasing average ADR and REVPAR while opening the parks to a new customer base.