Oasis Mobile Home Park

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