Portfolio Summary
Berkadia Manufactured Housing is pleased to present the Georgia-Alabama Portfolio, consisting of 1,014 sites across 8 communities. Situated across two states, the portfolio benefits from regional economic diversity and stability, leveraging the unique advantages of both locations.
This offering represents a strategic investment opportunity, distinguished by several key attributes that promise robust returns and growth potential. With an impressive 90% economic occupancy and 96% physical occupancy, the portfolio showcases strong tenant demand and highlights opportunities for revenue optimization. While the portfolio is stabilized at 90% occupancy, the number of vacant sites provides a lucrative in-fill opportunity. By leasing up all the vacant sites, effective lot rental income would increase by $220,000 at the current rates. Since current ownership is actively working on renting out the vacant park owned homes, revenue could substantially increase over the trailing figures. Furthermore, the utilities are public and paid for by the residents, through direct-bill, submeter, or a flat fee (trash). This feature significantly reduces operational costs and streamlines management. This offering presents the opportunity to acquire a large southeast portfolio that integrates operational efficiency and strategic revenue potential.
Investment Highlights
Public Utilities Paid By Residents
Stabilized Occupancy
Opportunity To Fill Vacant Sites
New Park Owned Homes
Location Overview
Prime Location within La Mesa
The Flats resides in La Mesa, which has charming small-town atmosphere and rich history. Nestled in the foothills of the San Diego mountains, La Mesa boasts attractions like the historic downtown village, featuring a variety of shops, restaurants, and the popular La Mesa Farmers Market. The area also offers a wealth of family-friendly outdoor activities, including the serene Lake Murray, Mt. Helix Park, and the impressive views from Cowles Mountain. The local economy is supported by a mix of local businesses, retail, and a growing craft beer scene, and the community is known for its friendly neighborhoods and family-oriented events, such as the annual Oktoberfest celebration.
Outstanding Accessibility
Whether you prefer to walk, drive, or ride, The Flats exemplifies transit-oriented living with plenty of walkable retail and recreational options. Just a short distance from the La Mesa Blvd Transit Station, residents enjoy easy access to the MTS Orange and Green lines, connecting them to Mission Valley, Downtown, UTC, and more. Additionally, The Flats is conveniently located next to the I-8 freeway allowing quick connections to San Diego’s major entertainment and employment centers.
$890k+
Median Home Sale Price
61K+
Population
723K+
Jobs within 10 Miles
51%
Rentorship Rate
$83,649
Median Home Income
20.8K
Total Businesses
Photo Gallery
Contact Us
ORLANDO, FL OFFICE
300 South Orange Avenue
Suite 1500
Orlando, FL 32801
ATLANTA OFFICE
3550 Lenox Rd NE
Ste 2600
Atlanta, GA 30326
BIRMINGHAM OFFICE
2204 Lakeshore Dr
Ste 120
Birmingham, AL 35209
INVESTMENT SALES
KEVAN ENGER
Senior Managing Director, Orlando
407.494.8541
[email protected]
IAN HILPL
Managing Director, Orlando
315.406.0900
[email protected]
BRIAN HUMMELL
Director, Columbus
614.318.5482
[email protected]
HUNTER LAROCCA
Director, Orlando
407.227.9643
[email protected]
Broker of Record
JUDITH MACMANUS
AL Real Estate Broker License #000094187-0
GA Real Estate Broker License #H-65559
Clay Akiwenzie
Managing Director
775.447.0595
[email protected]
Hank Workman
Associate Director
805.231.9492
[email protected]
Alabama-Georgia MHC Portfolio
1,014 Sites Across 8 Communities
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.
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