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RV Park Portfolio

2 Specialty Properties Offered at $2,800,000 in Big Spring, TX

Specialty Properties Texas Big Spring RV Park Portfolio

Investment 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
  • Current occupancy of 90%. The park caters to contract workers in the petrochemical, windfarm, and healthcare industries. These jobs are typically long
  • Located directly off 87 and TX-176, major thoroughfares though Big Spring. The parks are located roughly 45 miles from Midland.
  • There is an opportunity to increase rent through expansion, and construction of additional RV covers.
  • The property has exhibited a strong performance history pre and post pandemic.

Executive Summary

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.

Data Room Click Here to Access

  • Offering Memorandum

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Annual
Gross Rental Income $99,999
Other Income $99,999
Vacancy Loss $99,999
Effective Gross Income $99,999
Taxes $99,999
Operating Expenses $99,999
Total Expenses $99,999
Net Operating Income $99,999

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Other Income
Annual $99,999
Vacancy Loss
Annual $99,999
Effective Gross Income
Annual $99,999
Taxes
Annual $99,999
Operating Expenses
Annual $99,999
Total Expenses
Annual $99,999
Net Operating Income
Annual $99,999

Property Facts

Price $2,800,000 Number of Properties 2
Price / SF $140.00 / SF Individually For Sale 0
Cap Rate 12.13% Total Building Size 20,000 SF
Sale Type Investment Total Land Area 31.09 AC
Status Active
Price $2,800,000
Price / SF $140.00 / SF
Cap Rate 12.13%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 20,000 SF
Total Land Area 31.09 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1314 Highway 176, Big Spring, TX 79720 Specialty 10,000 SF 2018 -
5327 Wasson Rd, Big Spring, TX 79720 Specialty 10,000 SF 2013 -
Show More > < Show Less

Links

1 of 1
(713) 993-7163

Contact

  • Listing ID: 32097527

  • Date on Market: 6/11/2024

  • Last Updated:

  • Address: RV Park Portfolio, Big Spring, TX

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RV Park Portfolio portfolio of 2 properties for sale on LoopNet.com Primary Photo- Image 1 of 2
5327 Wasson Rd

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RV Park Portfolio
(713) 993-7163 x

RV Park Portfolio

Brandon Bean

(713) 993-7163

(713) 993-7163

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