7601 W 42ND ST Odessa TX 79764-9061

Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer the opportunity to acquire Mesquite Oasis RV Park, a 357-site highly-rated RV and Corporate Housing Park. The property is strengthened by the strong workforce demand in Permian Basin amid a diversifying local economy driven by green energy projects. The park is located in an opportunity zone just off I-20 in Odessa, Texas, serving as the crucial midpoint between Fort Worth and El Paso.

The asking price for the resort is $20,500,000 ($57,423/site)

The asking price represents a 10.4% Cap Rate on T-12 and a 12.5% Cap Rate on Year 1

• There are 242 RV sites and 115 corporate housing units as well as a newly renovated managers apartment with personal laundry and bath tub to aid in attracting talent. There is also expansion land for an additional 95 corporate housing units.

• Current occupancy of 83% is expected to be consistent going forward by management based off existing demand.

• Transitioning the property to a better reservation system will improve marketing and lead to higher rates and occupancy.

• There is an opportunity to increase other income through expansion, premium internet, vending machines, etc.

• Located directly off I-20, a major east-west thoroughfare, in Odessa and 32 miles from Midland International Airport, with proximity to major markets within Texas and beyond.

• The occupancy in the area is high with continued demand for housing outstripping supply and the market continues to show strength with the announcement of 2 new major energy plants coming to the Odessa area, Occidental and Nacero, which will supply a minimum immediate need of 5,000 jobs.