PHOENIXIn this week'sDeal-Tracker, Marcus &Millichap announce the sale of Covered Wagon RV Park, 44RV sites, two mobile home sites and an office built on 3.27 acresin Phoenix according to Don Morrow, regional manager of the firm'sPhoenix office. The asset was listed for $1.3 million.

Octavian Paul and Douglas A.Danny, MHC/RV Resort investment specialists inMarcus & Millichap's Phoenix and San Diegooffices, had the exclusive listing to market the property on behalfof the seller, a private couple. The buyer, a limitedliability company, was secured and represented by OctavianPaul and Douglas A. Danny

Covered Wagon RV Park is located at 6540 N. Black Canyon Hwy. inPhoenix, which is located where Maryland Parkway intersects NorthBlack Canyon on the west side of Black Canyonfreeway (I-17). The park is close to multipleprofessional schools and many of the long-term residents arestudents. The park has a historyof high year-round occupancy andhistorically collects approximately 90% of its potentialincome.

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