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
COLUMBUS OFFICE
6555 Longshore Street
Suite 280
Dublin, OH 43017
DALLAS OFFICE
5960 Berkshire Lane
Suite 1000
Dallas, TX 75225
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GALLERY
131 Ridge Walk | College Station, TX 77845
655 Total Rental Sites
209.07 +/- Total Acreage
1980-2003 Year of Construction | Rolling Ridge Phase
2000-2002 Year of Construction | Oak Creek Phase
2006 Year of Construction | Sunset Ridge Phase
THE LOCATION
Berkadia Manufactured Housing is pleased to present the College Station MHC featuring 655 sites in the heart of College Station, TX. Located within minutes of Texas A&M University, this community benefits from its proximity to a growing city with excellent schools, strong job market, and accessibility to larger metro areas. With positive job growth, a low unemployment rate, and major employers like Texas A&M and the expanding biotechnology district, College Station offers a promising investment landscape. The strategic location of College Station MHC sets it apart from the majority of their mobile home competitors, who are located mainly in the neighboring town of Bryan, TX. This advantageous positioning allows investors to tap into an underserved affordable housing market and cater to the growing population within College Station. Owned by the original developer, College Station MHC is the largest mobile home community in the city and has never been brought to market before. The high barrier of entry for new mobile home parks in the city creates scarcity and limited competition, providing an instant benefit. Additionally, there is an opportunity to increase the site count to over 1,000+.
The community's high occupancy rate and strong market demand support the development of additional lots. As College Station continues to grow, the need for affordable housing will increase, making the expansion plans even more valuable. In addition, College Station MHC offers an alternative approach to affordable student housing, offering lot rents of $299- the lowest in the market. Furthermore, from a management standpoint, College Station MHC requires minimal oversight. The community's well-kept utility systems, all lot rentals, and strong in-place staffing contribute to its efficient operation.
In summary, this offering presents an unprecedented opportunity to acquire a beautifully maintained community with an advantageous location in a booming market, with a high barrier to entry in the mobile home asset class, large expansion potential, minimal operational oversight, and immediate rental upside.
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EXECUTIVE SUMMARY
1.
ENTRY INTO PROMINENT COLLEGE STATION MARKET
2.
OWNED BY ORIGINAL DEVELOPER & HIGH BARRIER TO ENTRY
3.
EXPANSION OPPORTUNITY TO INCREASE SITE COUNT TO 1000+
4.
ALTERNATIVE APPROACH TO AFFORDABLE STUDENT HOUSING
5.
ALL RESIDENT OWNED HOMES & LOW OPERATIONAL OVERSIGHT
6.
IMMEDIATE RENTAL UPSIDE
INVESTMENT HIGHLIGHTS
Home to Texas A&M University | Largest University in the Nation
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Call for Offers: Wednesday, June 5th, 2024
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college station
MHC
655 Sites
One of the largest Manufactured Housing Communities in the State of Texas
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MHC
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