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1015 N Powell PkwyAnna, TX 75409
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Note: Rents may change as the data is from the BOV.
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1015 N Powell PkwyAnna, TX 75409
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.
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 Anna Crossing, featuring 96 Mobile Home sites and 4 apartment units totaling 100 sites in Anna, Texas. Strategically situated in the Dallas-Fort Worth MSA, this community benefits from the region’s robust economy and growing population. With the abundance of new jobs, there has been a disparity between the number of jobs and housing that is available. The immediate area surrounding Anna Crossing in particular, faces a shortage of affordable housing exacerbating the demand for such properties. With the median home cost in the Dallas-Fort Worth market surpassing the national average, Anna Crossing provides an attractive alternative for residents seeking affordable housing.
This community offers limited management oversight due to its stable 100% occupancy, low number of park owned homes, and public direct billed utilities. In addition to these favorable qualities, current resident owned lot rents are $516 less than surrounding competitors, illustrating room to increase revenues on day-one. Furthermore, the prospect for a 36-lot expansion may provide immediate upside to a new owner. Overall, this offering presents the opportunity to acquire a well-positioned turn-key asset with a multitude of operational efficiencies and potential for immediate upside and expansion.
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Strong Location Within Dallas-Forth Worth MSA
Lack of Affordable Housing in the Immediate Area
Anna, TX Median Home Cost - $365,400
CURRENT RESIDENT OWNED LOT RENTS ARE $516 LESS THAN SURROUNDING MARKET COMPETITION
Current Lot Rent Average in the Immediate Market is $934
LOCATION
The city of Anna is in Collin County and has a population of approximately 22,200 residents. Anna’s population has grown remarkably since the recording of 8,249 residents in the 2010 census. The primary economic drivers in this part of Collin County are manufacturing, financial services, and healthcare. The five largest manufacturing companies in the area employ a combined total of more than 8,500 workers. Within 10 miles of the property, the population is projected to increase 26.3% over the next five years, reaching 103,585 residents in 2028. By comparison, the metro’s population is forecast to grow 6.0% over the same period.
1.17M, projected increase to 1.28M in 2028Median HH Income: $108,854
Population: 1.17M, projected increase to 1.28M in 2028
Median Single Family Home Price: $396,350
6th Fastest Growing County in America
Anna, TX Median SFH Price: $365,400
Collin County Quick Facts
Kevan Enger
Senior Managing Director
407.494.8541
kevan.enger@berkadia.com
Brian Hummell
Director
614.468.5773 brian.hummell@berkadia.com
Hunter LaRocca
Director
407.227.9643
hunter.larocca@berkadia.com
Jay Gunn
Managing Director
License #9002106
Phone: 972.458.4589
BROKER OF RECORD
Anna Crossing
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Anna Crossing
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ORLANDO OFFICE
300 South Orange AvenueSuite 1500Orlando, FL 32801
COLUMBUS OFFICE
6555 Longshore StreetSuite 280Dublin, OH 43017
DALLAS OFFICE
5960 Berkshire LaneSuite 1000Dallas, TX 75225
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Attractive Turn-Key Asset With Operational Efficiencies
Expansion Opportunity
RECENT CAPITAL IMPROVEMENTS MADE New Playground Installation, New Mailbox Kiosk, Exterior Apartment Renovations & Interior Renovation on One of the Four Apartments
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Friday, March 22, 2024