Avison Young, is pleased to offer The West Texas Friendly RV Park Portfolio, a two property, 121-site RV Park in Big Spring, TX.

West Texas Friendly South - 5327 Wasson Rd - 80 Sites
West Texas Friendly North - 1314 TX-176 - 41 Sites

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.

There are 121 RV sites (80 at West Texas Friendly North and 41 at West Texas Friendly South) with on site managers/maintenance, laundry, bath house, and covered sites. There is also expansion land for an additional 22 sites in the South Park.

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 term, and provide a stable tenant base in the parks.

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.