333 MELITA RD Sterling MI 48659

PRICE DROP

Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire the Michigan Outdoor RV Portfolio Together offering 376 total sites, both properties feature direct water access with lake or river frontage, and are located approximately 14 miles from Lake Huron—providing guests with abundant opportunities for on-site and nearby water recreation. Wilderness Resort and Rifle River Resort are available individually or as a portfolio.

Historically operated as membership parks, all member obligations will terminate upon sale. The properties are well-positioned to capture strong demand from seasonal and transient RV customers. Transitioning to a traditional RV park model presents opportunities to enhance revenue through site upgrades, added amenities, and potential expansion.

• Wilderness (Omer, MI): https://www.crexi.com/properties/1814061/michigan-wilderness-resort Updated Asking $2,200,000

• Rifle River (Sterling, MI): https://www.crexi.com/properties/1814085/michigan-rifle-river-resort Updated Asking $1,800,000

Submit offers and proposed terms for consideration.

This provides the opportunity for a buyer to purchase non-stabilized properties at a price well-below replacement cost and stabilize the portfolio at a high double-digit unlevered yield while maximizing on management efficiencies.

Wilderness (Omer, MI): https://www.crexi.com/properties/1814061/michigan-wilderness-resort

Rifle River (Sterling, MI): https://www.crexi.com/properties/1814085/michigan-rifle-river-resort

• Michigan Outdoor Portfolio have been operated as membership properties. Due to this business model, trailing revenue does not reflect the true potential to operate each park on an independent cash flow basis as the seller doesn’t collect rent on the majority of member stays as they are included with the membership program.

• Within short distance to large population centers and with high-quality amenities the resorts would have strong demand as traditional RV parks. It is likely that many current members will continue to come to the parks, providing a base to facilitate conversion from the membership model.

Management in-place with current out-of-state owner and ready for stabilization post-membership club. Due to membership operations the properties are overstaffed and operations could be simplified and refined.

Properties have minimal deferred maintenance but could be renovated to improve the appeal and grow rates.

Opportunity to grow revenue by raising rates, improving traditional occupancy, optimizing transient/extended-stay site mix, adding additional cabin sites, billing back electric for extended-stay customers, improving camp store/vending, adding premium WiFi/Cable and other income streams, and possibly expanding the parks.