Commerce Athens KOA

Commerce Athens KOA

Commerce, GA
Available
  • Property Type: Manufactured Housing
  • Property Size: / 48.19 Acres / 147 Sites

Overview

Capstone Manufactured Housing is pleased to present Commerce Athens KOA, a 147-site RV Park in Commerce, Georgia. Originally a 65-site park, the current owners recently completed the construction of 70 additional RV sites and 10 new cabins. The owners are awaiting approval for 25 more RV sites, which would increase the total site count to 172 sites. Due to significant growth in the immediate area, the park has operated at 90%, or higher, occupancy for years. As an added benefit, the community has always run on an extended-stay reservation basis; it is currently 88% occupied with extended-stay residents. This unique nature of the community is similar to that of a manufactured housing community, stabilizing the cash flow with continuous income. In November 2021, the owners converted the park to a KOA, which has helped fill the 12 short-term sites with transient activity. Those sites continue to be 70% occupied on a nightly basis. Nevertheless, when the franchise agreement ends in February 2024, a new owner has the opportunity to move away from KOA and focus on long-term residents or heavily advertising the short-term stays.

Furthermore, the current owner has completed a significant amount of recent capital improvement projects, which has elevated the community experience. These improvements include, but are not limited to, an upgraded playground and swimming pool, along with constructing a new clubhouse and maintenance shed. In April, the owner began to collect electric income from the long-term residents, which brings in an additional ~$7,000 of monthly income. This offering presents the opportunity for investors to acquire a well-maintained RV Resort with steady cash flow from extended-stay  residents and operational efficiencies.

Investment Highlights

Majority Extended-Stay RV Residents

Increasing RV Income/Demand

Historical 90%+ Occupancy

Multiple Recent Capital Improvements

10 New Cabins, Recent Electric Reimbursement, & 25 Potential Expansion RV Sites will Continue to Increase Income

Well-Maintained Community with an Excellent Amenities Package

Strategically Positioned 1.5 Miles from I-85, with Excellent Retail Options in the Immediate Area

Contact Information

Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Director P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Brian Hummell Senior Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
Jon Wilsman Investment Sales Advisor P: 386.871.4716
O: 800.261.9464 ext. 724
jwilsman@capstone-companies.com
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