Glenn D. Esterson & Dylan Hellberg Acquire Manufactured Home Community Portfolio In Oxford, NC For $7.45M
10800 Valette Circle West, Miamisburg, OH 45342
$7,450,000
$158/SF
Building Size
47,045 SF
Asset Type
Co-Op
Closing
Nov 17, 2021
AI
The Manufactured Home Community Portfolio in Oxford, NC has been sold for a total price of $7,450,000. The property consists of 137 units, with a per unit price of $54,379. The transaction took place on November 17, 2021. Dylan Hellberg & Glenn D. Esterson from Marcus & Millichap served as the brokers for this sale.
Summary of transaction details:
- Property Type: Manufactured Home Community
- Transaction Amount: $7,450,000
- Units: 137
- Price Per Unit: $54,379
- Date: November 17, 2021
- Market: Oxford, NC
- Brokers: Dylan Hellberg & Glenn D. Esterson - Marcus & Millichap
The brokers, Dylan Hellberg and Glenn D. Esterson, from Marcus & Millichap successfully facilitated this sale of the Manufactured Home Community Portfolio in Oxford, NC. They played a crucial role in connecting the buyer and seller and negotiating the terms of the transaction.
Players
Miamisburg Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93