RV Park In Campo Sold for $1,300,000

Below is a press release from August 18, 2015:

ACI Apartments is pleased to announce the recent sale of a Lake Morena RV Park in Campo which is located at 2330 Lake Morena Drive, Campo (Lake Morena Village). The property has 42 spaces and comprises just over 11 acres.

The Lake Morena RV park is a charming well established RV park with a long history dating back to the 1960s. The park closed at a price of 1.3 Million, GRM of 7 and a cap rate of 7.8 percent. Brian Raynoha of ACI Apartments represented the Buyer. The Seller was represented by Robert Garmo of Novo Commercial Properties.

ACI is the most successful income property brokerage firm in the county. Since 1982, they have specialized in apartment and investment property transactions, and maintained a solid performance despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income property escrows than any other firm in the county – that’s more properties than the number two and number three firms combined.