New Offering: Las Vegas MSA MH Community | 100% Occupancy | Public Utilities & Below-Market Rents

Download Offering Materials: Oasis MHP

Capstone is pleased to present Oasis MHP, a 39-site community located in the Las Vegas MSA, within the city of Indian Springs, Nevada. Indian Springs sits just 30-minutes north of Las Vegas and is poised for tremendous growth and an uptick in population with numerous development projects underway. Several major housing developments have recently been completed, including a brand-new Beazer Homes subdivision that sits adjacent to Oasis MHP; with homes starting at $300,000. Indian Springs is also home to Creech Air Force Base, one of the fastest-growing bases in the nation and the largest base for drone development, employing 4,200+ active-duty military members. Oasis MHP features a perfect 100% occupancy with an active wait list for potential residents. The average all-age MHP lot rent in the Las Vegas MSA is currently $714, which is nearly double the current $365 average lot rent at Oasis MHP. The community also benefits from public water & sewer with no recapture or charge to the residents, proving immediate upside with the ability to sub-meter or pass through these charges. This offering presents the unique opportunity to acquire a fully stabilized, 100% occupied community with public utilities and below-market rents in the 9th fastest-growing MSA in the country.

Investment Highlights
Stabilized Turn-Key Asset
Strong In-Place Resident Base & Tenant Waiting List
Located 30 Minutes Outside Las Vegas
Massive Demand for Affordable Housing Due to Growth In The Indian Springs Market
Below-Market Rents
Public Water & Sewer with Recapture Upside
Recent Capital Improvements Including Home Repairs, Landscaping, And Road Repaving

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