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2921 Wyandotte Avenue

Dan Fischer's Fischer Foundation Sells Manufactured Housing In Oroville For $15M
SOLDManufactured Home

Dan Fischer's Fischer Foundation Sells Manufactured Housing In Oroville For $15M

2921 Wyandotte Avenue

$15,000,000

Building Size

Asset Type

Manufactured Home

Closing

Sep 28, 2022

AI

The property at 2921 Wyandotte Avenue in Oroville, CA has been sold in a closed transaction. The asset involved in the sale is a Manufactured Housing property comprised of 128 units. The sale price for the property was $15,000,000, resulting in a per unit price of $117,188.

Summary of transation details

  • Property Type: Manufactured Housing
  • Transaction Amount: $15,000,000
  • Address: 2921 Wyandotte Avenue
  • Market: Oroville, CA

The seller of the property was Dan Fischer, representing the Fischer Foundation. The brokers involved in the transaction were Jeff Benson and Sam Neumark from Northmarq.

Players

Jeff Benson

NorthMarq

Broker

$381.6M

vol

19 deals

Broker

Oroville Manufactured Home Market Snapshot

Boundary boundary · Manufactured Home · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93