Gates at McNeese RV Park

Multi-Family for Sale
Auction
Catylist Listing ID: 30749169
Property Subtypes: Mobile Home Park
Number of Units: 229 Units
Building Size (RSF): 229 SF
Gross Building Area: See Agent
Gross Land Area: 24.92 Acres
Sale Price: $5,000,000 - 6,000,000
Unit Price: $21,834.06 Per Unit
Property Use Type: Investment
Building Name: Gates at McNeese RV Park
Sale Terms: Cash to Seller
Up For Auction: Yes
Auction Type: Disclosed Reserve
Auction Reserve Amount: 1,500,000
Cap Rate: Undisclosed
Last Updated: 11/19/2021

Overview / Comments

Unique value add opportunity for investors. This RV park serves industrial workers doing contract work in the booming industrial sector of Lake Charles, LA. With over $115 Billion in petrochemical projects completed or on the horizon, Lake Charles is ground zero for LNG projects in Louisiana. There is a lack of housing in Lake Charles to meet demand. Gates at McNeese is successful at providing temporary housing to contract workers. Long-term value can be added through amenitizing the park to appeal to students at nearby McNeese State University and to become a destination for overnight RV traffic.

• 229 RV pads
• Value add opportunity
• Only 1.2 miles from McNeese St. University, home of 8,000 students

Attachments & Media

Additional Details

Nearest MSA: Lake Charles
County: Calcasieu
Tax ID/APN: 211008-0000-310-0009-02
Area Description: Home to a thriving economy, Lake Charles is both a great place to work and live affordably. The region is a hub for natural gas, which contributes toward utility costs that rank lower than cities such as Dallas and Mobile. Southwest Louisiana is also a key contributor to Louisiana’s thriving energy sector, helping to ensure gas and fuel costs remain low while outperforming those in other southern U.S. cities such as Atlanta and Savannah. Most impressively, the costs of every day essentials are less in Lake Charles than in dozens of other large southern cities and help further validate why more and more residents continue to choose Southwest Louisiana as their next home. Southwest Louisiana companies have announced more than $50 billion in capital investment projects that collectively are driving new business activity and making the Lake Charles economy a powerhouse of commerce in the region. The thriving Lake Charles economy and its tremendous growth is supported by a quality, trained regional workforce. Area residents have easy access to high-paying jobs and an abundance of professional development opportunities, while companies benefit from programs such as a $20 million workforce training facility currently under construction at SOWELA Technical Community College and the newly constructed Southwest Louisiana Entrepreneurial & Economic Development (SEED) Center, a one-stop-shop for regional economic development and business incubator for area startups.
Year Built: 2016

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,363 45,552 85,206
Median Age: 26.47 34.96 36.05
Households: 2,097 18,085 33,824

Contact

Photograph of Listing Agent

Matt Taylor

Property One Inc New Orleans Metairie, LA 70002
LACDB Member
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