ALLEY, WA, – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Winona RV Resort, a 16 AC lakefront RV Resort located in Valley, WA, according to Joel Andrew Deis, regional manager of the firm’s Seattle office. The asset sold for $2,814,659.
The buyer, a limited liability company, was secured and represented by Vasili Arvanitidis, investment specialists in Marcus & Millichap’s Seattle office.
Winona RV Resort is located at 33022 Winona Beach Rd in Valley, WA. The property is located just north of Spokane, WA, resides on Waitts Lake and boasts: 83 RV sites, 8 cabins, 7 tent sites, 6 boat docks, and more. An additional 25 ACs of raw land was included in the sale, which the buyer plans to develop and expand operations.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.