Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, is delighted to present the offering to acquire the Texoma Shores RV Resort, a 41-site RV campground with over 1-mile of shoreline on one of the biggest lakes in the south in Madill, Oklahoma.
The resort is centrally located between two major metros, Oklahoma City and Dallas/Fort Worth via I-20 and I-35. These major east/west and north/south thoroughfares are the main routes for snowbirds traveling from the cold Upper Midwest states to the warmer South during the winter months, thereby main lodging at Texoma Shores an attractive stay for daily guests.
The property has historically operated as part of a membership club which seeks to optimize membership revenue rather than property-level NOI.
This provides the opportunity for a buyer to purchase an underperforming property at a price well-below replacement cost and stabilize the property at a high double-digit unlevered yield.