5327 Wasson Rd, Big Spring, TX 79720
2 Specialty Properties Offered at $2,800,000 in Big Spring, TX
Asking Price $2,800,000
- Property Type
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Specialty
Listing Contacts
- Property Info
Property 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.
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.
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.
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