Investment Overview

Marcus & Millichap is pleased to present this 2 RV Park Portfolio, a 71 space RV park portfolio located in Calallen and Kingsville, TX. Calallen Country Living is just 20 minutes from downtown Corpus Christi, and Kingston RV Park is just 10 minutes from Texas A&M University Kingsville. The parks are only 30 minutes apart from each other. This portfolio is being offered at a 9.44 percent capitalization rate with an estimated net operating income of $179,342. Calallen Country Living has 43 RV spaces and features concrete pads, and a laundry facility with 2 washers and 2 dryers. This park historically operates at 90 percent occupancy. The park charges a monhtly rate of $400, other parks in the area charge a monthly rate of $455-$500 plus Electric. Kingston RV Park has 24 RV spaces and 4 Mobile Home spaces, one of which is owned by the park. This park also features a laundry facility with 2 washers and 2 dryers. Kingston RV historically operates at 75 percent occupancy. The park charges a monthly rate of $325 for RV spaces and $450 for Mobile Home spaces. The one park owned mobile home is currently rented out for $875 a month. Other parks in the area charge between $360-$500 plus Electric for RV spaces. Calallen Country Living is serviced by city water and a private septic system. Water and electricity are sub-metered and billed back to tenants, while sewer and trash are included in the rent. Management for Calallen is currently handled directly by the owner. Kingston RV Park operates on city water and sewer. Like Calallen, water and electric are sub metered and billed back to tenants, while sewer and trash services are included in the rent. An on-site manager is in place at Kingston and wants to remain with the property, there is also a handyman who currently resides in the park. Please do not visit the park's without prior approval. Please arrange property tours with Marcus & Millichap listing agents.