Established R.V. Park - Hackberry, LA

Multi-Family for Sale
Catylist Listing ID: 30409924
Property Subtypes: Mobile Home Park
Number of Units: 111 Units
Building Size (RSF): 5,000 SF
Gross Land Area: 10 Acres
Sale Price: $4,250,000
Unit Price: $38,288.29 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2019

Overview / Comments

Established RV Park investment opportunity positioned in Hackberry, Louisiana. This property contains 106 RV lots,4 Cabins, and a 3 bed 2 bath single family home, and a large pavilion.Site plans are currently in place for an estimated 27 lot expansion. Property also includes a newly installed propane distribution tank, and a full equipped Washeteria with RFID machines to provide additional income. Property location also provides an excellent opportunity to capitalize on the lucrative nature of workforce housing.

Driftwood LNG is developing a liquefied natural gas production and export terminal on the west bank of the Calcasieu Rive, south of Lake Charles, Louisiana. Once complete, the terminal will be able to export up to twenty-seven million, six hundred thousand tons of LNG per year to customers worldwide. Construction is set to begin in mid 2019, with a tentative completion year of 2023.

Lake Charles has long been known for the strong workforce it supports through the natural gas industry. Over the past 5 to 7 years, the area has grown substantially to support the increase of transient workers for the Lake Charles and Sulphur areas for the construction of the industrial plants. For the next 15 years there is a projected industrial expansion growth of approximately $117 Billion Dollars, with nearly 40% of this already underway. The workforce in Lake Charles will continue to thrive, as the plant construction has no end in sight.


Additional Details

Nearest MSA: Lake Charles
County: Cameron
Tax ID/APN: 0600012000
Percent Occupied: 90%

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Contact

Photograph of Listing Agent

Matt J Galofaro

Latter & Blum Classic Homes & Properties Hammond, LA 70401-0000
LACDB Member
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