Contact Information

Mobile Home Park Details

  • Price: $8,400,000
  • Property ID: 1083816
  • Posted on May 20, 2019

Property Description

• Desert Oasis RV Park is a 375-site highly amenitized RV park situated in Eunice, NM focusing on workforce housing for the Permian Basin and sitting in the southeast corner of NM right across the TX border. The park resides in the Delaware formation of the Permian Basin, one of the most active oil and gas drilling areas within the region.
• The U.S Energy Information Administration expects Permian Basin crude oil production to peak at over 5.5 million barrels per day in the early 2030’s. Around 80 percent of an individual shale well’s lifetime production occurs in the first two years and the sheer size of the Permian means that drilling must continue at an extremely high rate to increase overall output from where it currently stands at 4.1 million barrels per day.
• This high level of drilling will require growing support from numerous related industries such as refineries, pipelines, frack sand production, and water disposal. There are 10 pipeline construction projects underway that will allow an estimated 7-8 million bpd to flow from the Permian Basin to the Gulf of Mexico once completed in 2020. DCP Midstream Partners also recently completed a natural gas processing plant in Lea County with the ability to produce roughly 30,000 bpd of natural gas liquids.
• Offered at a double-digit cap rate on trailing 12 months net operating income, this park allows an investor to achieve high cash-on-cash returns from day one while providing significant upside with the possibility to increase rents and to fill additional sites through active marketing. Vacant sites are large enough to accommodate single-wide manufactured homes or man camp units, providing an alternative income source.
• All sites are spacious (55 to 75 feet long by 25 feet wide) to accommodate large RVs and have easily accessible utility hookups for publicly provided 30- and 50-amp electrical, water, and sewer services, as well as cable TV and internet services.
• Unlike most other Permian Basin workforce housing focused properties, Desert Oasis provides a broad amenity package, which is a strategic advantage in attracting residents. Amenities include a 3,200 square foot clubhouse with men’s and women’s showers and restrooms, coin-operated laundromat and vending machines, BBQ grills, picnic tables, basketball courts, and fenced dog park, as well as 15 new towers providing access to highspeed WiFi throughout the park.
• Owner has recently completed park upgrades such as installing 15 WiFi towers, paving 52,000 square feet of previously unpaved roads, remodeling the laundry facility and adding 11 new washer/dryer units (in process), rebuilding the lift station pumps as well as removing and capping the well-head and clearing a large site now being leased for RV and semi-tractor trailer storage and field office trailer use. Additionally, the Owner purchased a new management software and has completely re-designed and launched a new website for the community.

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Park Information

Community Type: All Age
Year Built: 2007
Size: 26.0 acre(s)

RV Information

Number of RV Lots: 375

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