2200 N HWY 285
Pecos, TX 79772
$700,000 REDUCTION: Highway 285 RV Park · Specialty Property For Sale · 5,500 SF

Highway 285 RV Park is a 103 site RV Park built in 2018 located on Highway 285 23 miles north of downtown Pecos, Texas and 15 miles South of downtown Orla, Texas. The property is on 20 acres with 10 having been developed. There are 10 acres that come with the offering that would allow the future owner to mirror the current development and add an additional 100+ plus sites. The asset operates on a septic sewer system and currently has water trucked in. The Pecos economy is heavily influenced by all the activity in the Permian Basin and it in the heart of the action. The Permian Basin is the world’s second largest natural gas and oil shale currently with 437 of the United States’ 958 total rigs. “Exxon Mobil will triple production in the Permian Basin, the hottest US shale oil field, by 2025…Last year, Exxon doubled its Permian holdings through the $5.6 billion acquisition of companies owned by the Bass family.” “Chevron and its legacy companies have been a fixture in the Permian…since the early 1920s…and with approximately 2 million net acres of resources, Chevron is the Permian Basin’s largest net acreage holder.” By 2025, U.S. oil production is expected to equal that of Saudi Arabia and Russia combined, according to the International Energy Agency (IEA). The Pecos Refinery Phase 1 is scheduled for a commercial operation start in mid to late 2019, with phase II scheduled for 2021. Also, Meridian Energy Group is in discussions to build an oil refinery in Kermit, not far from Pecos, estimated to create another 2,000 jobs. There is an undeniably huge housing and lodging shortage in the Pecos-Orla section of the Permian Basin. Highway 285 RV Park is being offered at over a day one capitalization rate of 15.5 percent with tremendous upside in adding another 100+ sites to the undeveloped 10 acres. There is also upside in increasing rents and adding covered sites. Other parks in the Permian Basin have been able to achieve up to 50% higher rents on their covered sites. This is an excellent opportunity for an investor to break in to arguably the hottest RV park market in the nation with substantial upside potential.