CXRE Brokered a 2.49 Acre RV Park in La Porte, Texas

CXRE, LLC a leading full suite commercial real estate brokerage firm that offers investors services for their acquisitions, dispositions, and property management with their fast-paced, client-focused approach announced today the sale of a RV Park located at 10914 N L Street in La Porte, TX. The property totals 17 pad sites positioned on 2.49 acres. This RV Park is strategically positioned in a high barrier to entry market and provides convenient access to Highway 225 and Highway 146. CXRE’s Cody Pruitt, Senior Investment Sales Manager of the Houston office, and Robin Francis-Baker, Investment Sales Manager of the Dallas office, represented the seller.

The purchase price of this property was 19.25 percent over the asking price with multiple offers. Oakdale Estate LLC, the seller, and 10914 LLC, the buyer, coordinated efforts to obtain a change in a city ordinance because the property was considered non-conforming. Under the previous city ordinance the current asset use was not permitted when the ownership changed. Together they were able to work with the city and have the asset be in compliance under new ownership. Francis-Baker stated “This sought-after property generated multiple offers and they continued during the escrow process.” Pruitt added “This unique climate in our market is a great opportunity for investors to benefit from the cash flow and convert into new acquisitions.”

About CXRE

CXRE is a Texas based commercial real estate brokerage firm and has offices located in Houston, Dallas, and Austin. The firm has offered a suite of services including analyzing investment acquisitions and dispositions, property management, and advisory for more than two decades. Their unique fast-paced, client-focused approach sets them apart from their competition and they have garnered repeat and satisfied investors.