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
Kevan Enger
Senior Managing Director
407.494.8541
kevan.enger@berkadia.com
INVESTMENT SALES
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
ORLANDO OFFICE
300 South Orange Avenue
Suite 1500
Orlando, FL 32801
DALLAS OFFICE
5960 Berkshire Lane
Suite 1000
Dallas, TX 75225
BROKER OF RECORD
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GALLERY
2212 Fort Worth Dr, Denton, TX 76205
172 Sites
23.7089 +/- Total Acreage
Dallas/Fort Worth Metroplex
THE LOCATION
Berkadia Manufactured Housing is pleased to present Center Point MHC in Denton, TX. This offering features 172-sites in the robust and thriving Dallas-Fort Worth metro.
The DFW metroplex is one of the fastest-growing areas in the country, with a population exceeding 7.5 million and continuing to rise. Additionally, Center Point MHC offers immediate rental upside, with current lot rents significantly below the market average, providing a lucrative opportunity to increase cash flow by aligning rents with market rates. In addition, the community is a turnkey asset with a high occupancy rate of 98%, minimal maintenance expenses, and efficient public utility recapture, ensuring a lower expense ratio and higher net operating income. Furthermore, the property showcases desirable assumable debt, featuring a low 3.72% interest rate and interest-only payments until December 2026.
This offering provides the chance to acquire a strategically positioned community within the Dallas-Fort Worth MSA, featuring immediate rental growth potential and low operating overhead.
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EXECUTIVE SUMMARY
1.
ENTRY INTO DALLAS-FORTH WORTH MSA
2.
IMMEDIATE RENTAL UPSIDE
3.
STABILIZED TURNKEY ASSET
4.
ATTRACTIVE ASSUMABLE DEBT
5.
ALL RESIDENT OWNED HOMES & LOW OPERATIONAL OVERSIGHT
6.
IMMEDIATE RENTAL UPSIDE
INVESTMENT HIGHLIGHTS
Executive Summay
The Location
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Call for Offers: THURSday, February 13th, 2025
Office Locations
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Center Point
MHC
172 Sites | Denton, TX
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Center Point
MHC
Executive Summary
The Location
Contact
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Terms of Use
Privacy
The Dallas-Fort Worth-Arlington, TX Metropolitan Statistical Area (MSA), referred to as DFW, is a sprawling urban region in North Texas. It encompasses two major cities, Dallas and Fort Worth, along with numerous suburbs and smaller communities. DFW is known for its diverse economy, while boasting a well-connected transportation network, including the Dallas/Fort Worth International Airport, one of the busiest in the world. Cultural attractions, such as museums, theaters, and sports venues, add to its appeal. With a high quality of life, excellent educational institutions, and a growing population, DFW is a dynamic and thriving metropolitan area.
