- For sale
Junction West is a 255-site RV portfolio located in the Central U.S., in Kansas and northern Oklahoma. The 2-park portfolio spans nearly 53 acres with 255-sites and features public utilities.
The asking price for the portfolio is $4,600,000 ($18,040/site). The properties are underwritten at a 8.75% year 1 cap rate with significant upside.
The park tenants are predominately maintenance crews and short-term workers brought into the communities by the Phillips 66 Oil Refinery, 2 different electrical generating power plants, the Carbon Black rubber products manufacturer and various wind farms nearby. Ponca City, Oklahoma (Kay County) and Coffeyville, Kansas (Montgomery County) are both home to diverse mix of industries but are particularly strong within the industrial sectors. A few of the largest employers include; Phillips 66, Dorada Foods, Albertsons and Mertz manufacturing, Coffeyville Resources, a petroleum refining and marketing company, John Deere and Acme Foundry.