Sunbanks Lake Resort 57662 N Hwy 155 N 13 Room Hotel Electric City, WA 99123 $8,447,951 CAD ($649,842 CAD/Room) 9.48% Cap Rate

Marcus & Millichap is pleased to exclusively offer for sale Sunbanks Lake Resort. Located in Electric City, Grant County Washington. The property is situated on leased land along the shores of Banks Lake, near Grand Coulee. Originally constructed in 2000 the resort encompasses an impressive 179 acres along the lake, with a long term land lease with the Department of Natural Resources. Sunbanks Lake Resort is the most unique lake resort in the Pacific Northwest. It has miles of natural scenic beauty and is ideal for camping, watersports, fishing, or any type of outdoor activity.
Sunbanks Lake Resort offers guests both full and partial hookup RV sites, well manicured tent sites, 1, 2, and 5 bedroom villas, cabins, and charming beachfront cottages. It is the perfect spot for the individual camper out doing some exploring, family vacations, or even the long-term guest. Guests can expect a safe, clean, fun and leisurely stay, with a variety of amenities that include a marina with boat rentals, a sandy beach for relaxing and swimming, as well as a general store for all your essentials. Other amenities at the park include private bathrooms, a clubhouse, laundry facilities, WIFI, playground area, cantina, and a mini golf course.
Current ownership of the community have spent a considerable amount of time and capital over the course of the past two years improving the quality of the park, making it one of the most desirable RV or camping spots in the area. Located off the 1-90 corridor approximately 3.5 hours from Seattle the resort gets close to 300 days of sunshine a year and is one of Americas most adventure filled areas attracting people from across the country and Canada all year long. This allows an investor the opportunity to maximize their income potential in this pristine Resort all year long with only a few slower months throughout the year. This would be an ideal investment for an experienced RV/outdoor hospitality owner, or any owner with experience in the reservation and entertainment industries.