Investment Properties /TX /Big Spring /
Investment Properties /TX /Big Spring /

RV Park Portfolio Specialty FOR SALE


Big Spring, TX | 
$2,800,000 USD
713-993-7163
, Big Spring, TX for Sale
$2,800,000 USD
Specialty - FOR SALE
1/1
null | 12.13% Cap Rate
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RV Park Portfolio
Big Spring, TX

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HIGHLIGHTS

  • There are 121 RV sites (80 at West Texas Friendly South and 41 at West Texas Friendly North) with on site managers/maintenance, laundry, bath house, a
  • There is an opportunity to increase rent through expansion, and construction of additional RV covers.
  • Current occupancy of 90%. The park caters to contract workers in the petrochemical, windfarm, and healthcare industries. These jobs are typically long
  • The property has exhibited a strong performance history pre and post pandemic.
  • Located directly off 87 and TX-176, major thoroughfares though Big Spring. The parks are located roughly 45 miles from Midland.

OVERVIEW

Avison Young, is pleased to offer The West Texas Friendly RV Park Portfolio, a two property, 121-site RV Park in Big Spring, TX. The asking price is $2,800,000. This is a 12.13% cap rate on current income and a 16.24% cap rate on year 1 pro forma. Selling agent has ownership in selling entity.

ASK ABOUT THIS PROPERTY

Brandon BeanAvison YoungMore Info
713-993-7163

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Brandon BeanAvison YoungMore Info
713-993-7163

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