Glenn D. Esterson & Dylan Hellberg Acquire Manufactured Home Community Portfolio In Oxford, NC For $7.45M
SOLD
$7,450,000
Co-Op47,045 SF
Sold 11/17/2021
SOLD
Glenn D. Esterson & Dylan Hellberg Acquire Manufactured Home Community Portfolio In Oxford, NC For $7.45M
10800 Valette Circle West, Miamisburg, OH 45342
See Similar DealsCo-Op47,045 SF
Sold 11/17/2021
Summary
OHIO
Asset Type:Co-Op
Price Per Square Foot:$158
Total Square Footage:47,045 SF
Transaction Type:Sale
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.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$397,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,468.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,316.80
Annual Debt Service$423,801.61
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