Lewis RR Properties Ltd. Acquires Mobile Home Park In Mission For $Undisclosed
1820 West Clay Tolle Street, Mission, TX, USA
Building Size
700 SF
Asset Type
Other
Closing
Jan 26, 2021
AI
A mobile home park in Mission has been sold for an undisclosed amount. The property, located at 1820 W. Clay Tolle Street, spans across 12 acres. The sale was facilitated by brokers Jared Bosch, Don Vedeen, and Chris Michl from NorthMarq.
Summary of transaction details:
- Property Type: Mobile Home Park
- Transaction Amount: Undisclosed
- Address: 1820 W. Clay Tolle Street
- Market: Mission
- Acres: 12
The seller, Boston Road MHP Inc., transferred ownership of the property to the buyer, Lewis RR Properties Ltd. While the exact details of the transaction remain undisclosed, Bosch, Vedeen, and Michl played a key role in finalizing the deal.
Players
Mission Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
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