9181 BLUEGRASS Gardendale TX 79758-4330

Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer to the opportunity to acquire Oasis North RV Park, a 83-site highly-rated RV Park. The property is strengthened by its strong workforce demand in the Permian Basin. The park is located just 13 miles off I-20 midway between Midland and Odessa, Texas, serving as the crucial midpoint between Fort Worth and El Paso.

The asking price for the park is $3,200,000 ($38,554/site)

The asking price represents a 10.0% cap rate on year 1.

• There are 83 existing RV sites with a 176-site+ expansion opportunity and includes multiple brand new laundry, bathroom and workout facilities.

• The property has been running at or near 100% occupancy over the last 6 months and often with a waitlist. The last 8 sites built are completed and just waiting on Oncor for power. Management anticipates filling these 8 remaining new sites immediately upon power delivery.

• There are 50 Standard sites which could be converted to concrete sites. The current 6 concrete sites rent at a $175/month premium. With an approximate $5,000 cost, the return on cost would be 42% and could raise NOI by $100,000+.

• There is an opportunity to increase other income through expansion, charging for new laundry facilities, vending machines, premium internet & cable, etc.

• Centrally located on the North side of the Midland/Odessa metroplex, with easy access to all that both cities have to offer such as restaurants, hotels, retail shopping & groceries, and only 13 miles from the Midland International Airport.

• 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.