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170 Sites | Panama City, FL
Wednesday, April 2nd, 2025
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Florida Panhandle MHC
Investment Highlights
Note: Rents may change as the data is from the BOV.
ENTRY INTO PANAMA CITY METRO
UPSIDE IN FILLING VACANT SITES
BELOW MARKET RENTS
PUBLIC WATER & SEWER
WELL MAINTAINED COMMUNITY
FEATURES VARIETY OF LOT SIZES
PHOTO GALLERY
Florida Panhandle MHC
170 Sites Panama City, FL
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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Hunter LaRocca
Director
407.227.9643
hunter.larocca@berkadia.com
ORLANDO OFFICE
300 South Orange Avenue Suite 1500 Orlando, FL 32801
COLUMBUS OFFICE
6555 Longshore Street Suite 280 Dublin, OH 43017
CHICAGO OFFICE
125 South Wacker Drive Suite 400 Chicago, IL 60606
Brian Hummell
Director
614.468.5773 brian.hummell@berkadia.com
Cole Whitaker
BROKER OF RECORD
Sr Managing Director 407.481.2126 cole.whitaker@berkadia.com
Kevan Enger
Senior Managing Director
407.494.8541
kevan.enger@berkadia.com
ian hilpl
Managing Director
315.406.0900
ian.hilpl@berkadia.com
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Office & Contact Information
Executive Summary
Berkadia Manufactured Housing is pleased to present the Florida Panhandle MHC, a 170-site community situated in the vibrant Panama City metro area. This community presents a significant infill opportunity for new ownership, with 66 vacant sites and 12 vacant homes that can be rented or sold. By capitalizing on these vacancies in Year 1, investors can significantly boost Effective Rental Income even before considering potential rent increases. Additionally, current lot rents are below the market average, providing further value-add potential. In addition, all utilities are tailored to ownership benefit in that Water, Sewer, Electricity, and Trash are billed directly to tenants, enhancing operational efficiency. Lastly, current ownership has maintained the property’s curb appeal, ensuring a welcoming environment for residents. With its strategic location, substantial growth potential, and favorable utility infrastructure, the Florida Panhandle MHC represents an exceptional investment opportunity.
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Market Overview
Panama City, FL, is situated in Bay County in the northwestern part of Florida. It is part of the Emerald Coast, known for its stunning emerald-green waters and pristine beaches. The city is approximately 100 miles southwest of Tallahassee and is accessible via major highways and the Northwest Florida Beaches International Airport. Its coastal location provides a warm, humid climate, with mild winters and hot, humid summers, making it an attractive spot for both residents and visitors.
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Panama City, FL
WILLIAMSON COUNTY RANKINGS
AREA ATTRACTIONS
Marion is a charming city located in the heart of Southern Illinois. Known as the “Hub of the Universe,” it serves as a regional center for shopping, healthcare, and education. The city’s strategic location at the intersection of Interstate 57 and Illinois Route 13 makes it a prime spot for commerce and trade.
WILLIAMSON COUNTY
RANKINGS
4.6%
LOWER COST OF LIVING THAN U.S. AVERAGE
BEST PLACES
#6
BEST PLACES TO LIVE IN BAY COUNTY
NICHE
#7
LOWEST COST OF LIVING IN BAY COUNTY
NICHE
#8
BEST PUBLIC SCHOOLS IN BAY COUNTY
NICHE
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Wednesday, March 26th, 2025
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