Sentinel Peak RV Park
Address: Sentinel Peak RV Park Tucson, AZ 123123
Brand new built in 2014 less than a mile from downtown Tucson in a gentrifying location, Sentinel Peak RV Park offers an investor a premier location with upside in rents, land development potential, variability in business model, and opportunity zone tax deferment. Sentinel RV Park was the idea of a local real estate investor who believed in the submarket and spent years with local officials getting the approval for construction. Since opening the park has been full due to the prime location and attractive amenity package. Pool, 2500 square foot clubhouse, paved roads and sites, and all city utilities within a mile of hospital, shopping and nightlife of downtown Tucson make this place extremely desirable for both permanent and transient RV traffic.
The light rail to downtown Tucson the University of Arizona is a stone’s throw away and the park runs a shuttle to local Tucson attractions. The park is rated 9/9.5 on Good Sam and online reviews are all four-star or better. Blended monthly rental rate of all sites both pull-through and back in is approximately $625 plus electric. Daily rates vary between $55 and $65 which broker believes is low as well. Broker recommends a 5-8% rental increase for a new buyer operating the park as is would result in almost no increase in vacancy due to demand for the location and amenities.
Broker also believes there could be an opportunity to sell park models and/or operate as a full time park. Market rents for this class of property are between $1,180 and $1,200 for one
bedroom units in this zip code so an operator could run as a full-time park and hit current revenue points. The immediate area has a new class A mixed use project and a custom home
development currently in construction and that’s without mentioning the downtown projects.
The zoning and utilities allow for a 30 unit condo/apartment development for future land bank
opportunities. There is no seasonal or annual rates. Cash flow now and defer capital gains with the Opportunity Zone tax plan, please call Broker for more details on Opportunity Zone investing.
MANAGER AND TENANTS ARE NOT AWARE PARK IS FOR SALE, CONTACT BROKER BEFORE SITE VISIT.
DO NOT DISTURB STAFF