Matthews Real Estate Investment Services Brokers Off-Market Sale Of Lewisville Mobile Home Park In Northern Dallas
1156 East State Highway 121
Building Size
217,800 SF
Asset Type
Mobile Home
Closing
Dec 1, 2023
AI
Matthews Real Estate Investment Services has brokered the off-market sale of Lewisville Mobile Home Park, a 48-site property located at 1156 East State Highway 121 in the northern Dallas suburb of Lewisville. The mobile home park encompasses a total of 217,800 square feet and consists of 31 mobile home lots, 17 RV lots, and one single-family residence. At the time of the sale, the park was fully occupied.
Summary of Transaction Details
- Property Type: Mobile Home
- Transaction Amount: Not specified
- Market: Lewisville
- Address: 1156 East State Highway 121
- Square Footage: 217,800
Arthur Varela, Chad Kurz, and Kevin Puder from Matthews Real Estate Investment Services represented the buyer and seller in this transaction.
Players
Whitewright Mobile Home Market Snapshot
Boundary boundary · Mobile Home · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93