for sale
Shale Lodge Hobbs
100 W Taos Ave | Hobbs, NM 88240
Investment Highlights
- 2024 gross revenue – $2.1MM
- Listed at 12% cap rate – NOI over $1MM
- Strong demand segment – benefits from
ongoing expansion in oil and gas sector. - Durable manufactured construction
- Motivated seller, bring all offers
Property Description
Dan Rama of NewGen Advisory is pleased to present for sale the Shale Lodge Hobbs – Hobbs, NM located at 100 W Taos Ave in Hobbs, New Mexico. This is a unique opportunity to acquire a stabilized workforce housing asset that is perfectly positioned for the energy expansion currently underway in the Permian Basin. Shale Lodge is benefits greatly from consistent demand from oilfield contractors, service companies, and transient labor.
Onsite amenities include meal service, guest laundry service, and a fitness center. The property includes plenty of room for expansion to keep up with growing demand for workforce housing. This is a great opportunity for investors to acquire a turnkey asset in a strong performing market.
Location Description
Hobbs sits in southeastern New Mexico right near the Texas border and is part of the Permian Basin oil region. As the principal city of the surrounding area, it is a critical connection point for major production zones. The economy is anchored in oil and natural gas and benefits from other growing sectors like healthcare and construction. The economic environment in Hobbs is touted as pro-business and collaborative, especially for energy sector support services. Several major players in the region have recently invested in expanding their operations in the area.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Dinesh “Dan” Rama
Managing Broker
AZ #BR515223000
(602) 478-9636
dan.rama@newgenadv.com