RV Park/Campground Details
- Cap Rate: 13.7%
- Listing ID: 1087780
- Posted On: May 30, 2019
- Updated On: Aug 29, 2019
Description
Link to Marketing Package: https://buildout.com/docs/documents/1153633?token=603626f07327ebe6fa957e640853629fad126092
Horseshoe Lodges is an 89 unit residential rental complex consisting of cabins and RV spaces with common area amenities specifically designed for the area workforce needs. Built in 2018, the facility is located in the heart of the Permian Basin, the United States' premiere play for oil and natural gas extraction.
It is located adjacent to 6 oil and gas employers on the city limits of Midland, TX with 139,000 residents and two airports. It offers easy access to numerous dining and entertainment options in the Midland/Odessa MSA and is driving distance from almost anywhere in the Permian Basin.
The facility has maintained a greater than 95% occupancy consistently since its opening. The final eight cabins and 22 RV spaces will be available for occupancy in May of 2019, and are expected to reach full occupancy almost immediately.
The development has its own private water system serviced by two wells on the property.
Amenities
- Laundromat
- Club House
Park Information
Year Built: | 2018 |
Utility Information
Water: | Well |