VENICE, FLA., September 4, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Myakka River RV Resort, an all-age, KOA branded, recreational vehicle community located on the Myakka River in Venice, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $2,575,000.
Dan Mulkey, a vice president investments and a senior director of the National Manufactured Home Communities Group in Marcus & Millichap’s Tampa office represented the seller, a limited liability company. Mulkey secured the buyer of the property, a private investor from New York.
Myakka River RV Resort is located at 10400 South Tamiami Trail in Venice, Florida. Built in 1979, the community was originally home to 77 RV sites, but was expanded in 2011 to include four more home sites, plus two tent sites. The community is currently comprised of a mix of RV’s and park model homes on 8.14 acres of land. An additional 20.37 acres that was originally included in the two parcels are wetlands (marshlands and waterways of Myakka River).
This community is “big-rig” friendly, with sites up to 80 feet, with patio slabs and picnic tables at each home site. There is free WI-FI throughout the park and a 48-channel cable television connection available for residents. “Pearl Island”, a private island accessible via a bridge pathway, is the community’s recreational area, with a large pavilion, shuffleboard, horseshoes and a fire pit. Additional amenities include a swimming pool, clubhouse with meeting rooms, an event room, laundry facilities and showers. There is a boat launch area in the community with electric paddleboats and canoes available for rent, as well as a fishing dock.
“This is a beautiful site on Route 41 overlooking the Myakka River and close to public beaches in Venice,” said Mulkey in a statement. “The community has many permanent park model homes and several other RV homes with annual residents at the community. It provides the new owner with an existing stable income and an opportunity for upside,” concludes Mulkey.
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With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.