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.
Brian Hummell
Director
614.468.5773 brian.hummell@berkadia.com
Ian Hilpl
Managing Director
315.406.0900
ian.hilpl@berkadia.com
Hunter LaRocca
Director
407.227.9643
hunter.larocca@berkadia.com
Kevan Enger
Senior Managing Director
407.494.8541
kevan.enger@berkadia.com
Manufactured Housing Investment Advisors
Rick Vidrio
Managing Director 248.341.3325 rick.vidrio@berkadia.com
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ORLANDO, FL OFFICE
300 South Orange Avenue
Suite 1500
Orlando, FL 32801
DUBLIN, OH OFFICE
6555 Longshore Street
Suite 280
Dublin, OH 43017
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Dayton, OH
Situated within the Miami Valley region of southwest Ohio, the Dayton, OH Metropolitan Statistical Area (MSA) is composed of Greene, Miami, and Montgomery counties. Home to roughly 820,000 residents, the Dayton MSA is the fourth most populated metropolitan area in the state of Ohio. Known as the “Crossroads of America,” the city of Dayton is located within 600 miles of approximately 61% of the U.S. population and 63% of all U.S. manufacturers. The region is also home to more than 18,000 businesses, including Wright- Patterson Air Force Base, which employs approximately 32,000 military and civilian personnel. Greater Dayton’s economy boasts a strong economy with roots in aerospace, defense, health care, and manufacturing. The area economy continues to diversify with the growth of industrial and high-tech sectors, research, and information services.
canton, oh
Stark County, anchored by Canton and home to the NFL Professional Football Hall of Fame, boasts a robust mix of service and manufacturing businesses. These businesses thrive due to excellent access to a skilled workforce, efficient transportation options, and affordable utility infrastructure. The county is also home to six colleges and universities, which actively collaborate with local businesses to train employees in emerging technologies such as fuel cells, wind energy, and oil shale exploration. Additionally, Stark County offers over 20 golf courses, a vibrant arts and entertainment scene, ample outdoor recreational opportunities, and a low cost of living.
#6 below counties for young professionals in oh
- NICHE
#63 suburb with the lowest cost of living in ohio
- NICHE
#17 best counties to live in ohio
- NICHE
14% below nat’l avg cost of living
- forbes
#5 Cities with the Lowest Cost of Living in America
- NICHE
– NICHE
#15 below counties for families in oh
#18 below nat’l avg cost of living
– FORBES
#23 most diverse suburbs in ohio
- NICHE
Berkadia Manufactured Housing is pleased to present the Dayton-Canton Portfolio, comprised of 660 sites across three stabilized communities, Sunny Acres MHP, Woods MHP and Beth MHP. The portfolio boasts several attractive characteristics, including below market rents and an expansion opportunity to add up to 124 additional sites. The high occupancy at all the parks indicates that filling the expansion sites could easily be accomplished. By filling only half of those sites at the current lot rents, effective rental income would increase by over $390,000. Furthermore, ownership has done an excellent job of enhancing the curb appeal and appearance of these communities. The parks feature beautifully manicured landscaping, well-maintained amenities and newer homes. Overall, the homes make up only 6% of the total sites, and most of the homes are 2020 or newer, which helps eliminate costly repairs expenses. This offering presents the lucrative opportunity to acquire three communities in Ohio, with rental upside and expansion sites.
Portfolio Summary
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95 Sites
Beth MHP
6000 Beth Ave. Canton, OH
157 Sites
Woods MHP
4689 Burkhardt Ave. Dayton, OH
408 Sites
Sunny Acres
3543 Needmore Rd. Dayton, OH
3 Properties
660 Sites
Dayton-Canton MHC Portfolio
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The Portfolio
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investment highlights
BELOW MARKET RENTS
LOW PERCENTAGE OF PARK OWNED HOMES
STABILIZED 96% OCCUPANCY
03
02
01
Market
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The Portfolio
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DOCUMENT CENTER
ATTRACTIVE CURB APPEAL
04
06
PUBLIC UTILITIES BILLED BACK TO RESIDENTS
EXPANSION OPPORTUNITY
05
PORTFOLIO OVERVIEW
3
PROPERTIES
660
TOTAL SITES
96%
OCCUPANCY
$529
AVG LOT RENT
Brian Hummell
Director 614.468.5773 brian.hummell@berkadia.com
raplh depasquale
Managing Director
312.845.8572 ralph.depasquale@berkadia.com
