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2824 13th ave council bluffs, IA 51501
$8,350,000
178 Sites | Grove, OK
Lakewood Village & Grandview Village
Investment Highlights
Note: Rents may change as the data is from the BOV.
PRIME LOCATION WITH REGIONAL ACCESSIBILITY AND EXCLUSIVE CASINO ACCESS
IMPOSSIBLE-TO-REPLICATE LAKEFRONT LOCATION IN A HIGH-GROWTH MARKET
DIVERSE TENANT BASE WITH HIGH STABILITY
CONSISTENT YEAR-OVER-YEAR RENT GROWTH WITH STRONG DAY-ONE RETURNS
ASSUMABLE LOAN WITH FAVORABLE TERMS
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Lakewood & Grandview Village
2824 13TH AVE COUNCIL BLUFFS, IA 51501
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.
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ORLANDO OFFICE
300 South Orange Avenue Suite 1500 Orlando, FL 32801
COLUMBUS OFFICE
6555 Longshore Street Suite 280 Dublin, OH 43017
CHICAGO OFFICE
125 South Wacker Drive Suite 400 Chicago, IL 60606
Brian Hummell
Director
614.468.5773 brian.hummell@berkadia.com
OK BROKER OF RECORD
Kevan Enger
Senior Managing Director
407.494.8541
kevan.enger@berkadia.com
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 Lakewood Village & Grandview Village, a 2-park portfolio located in Grove, OK. It is strategically located between Springfield, Fayetteville, and Tulsa, offering easy accessibility to three to diverse MSA's. The properties benefit from their serene lakeside setting, appealing to the growing demographic of retirees and active adults seeking affordable, low-maintenance housing in a peaceful environment. With consistently high occupancy rates, the park demonstrates strong tenant demand and stable cash flow. Additionally, the property features an attractive loan assumption, providing a favorable financing structure for investors. This combination of location, stability, and financing makes the asset a compelling investment opportunity in the growing manufactured housing sector. This lakefront offering represents a rare opportunity to acquire a stable, income producing asset. Each of these markets benefit from a robust economy and steady population growth with the added benefits of a prime location, strong tenant demand, and attractive financing.
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LOCATION
Delaware County, Oklahoma, located in the northeastern corner of the state, is known for its scenic beauty and abundance of outdoor recreational opportunities. The county is home to Grand Lake O’ the Cherokees, a popular destination for fishing, boating, and water sports. Grove, the largest city in Delaware County, serves as a hub for tourism and community life in the region nestled along the shores of Grand Lake, Grove offers charming smalltown amenities, a thriving arts scene, and numerous marinas, making it an ideal location for both residents and visitors seeking a blend of natural beauty and vibrant community living.
Economic Overview
The economy of Grove is primarily supported by the tourism, retail, healthcare, aerospace, and manufacturing industries. Notable companies in the region that play a role in the manufacturing space include Ferra Aerospace, Orizon Aerostructures, Valence, and Malone’s CNC Machining. Recently, Ferra Aerospace announced that it would add 25 more employees to its current site in the area, indicating that Grove is a great location for aerospace investment and growth.
Quick Facts (2024 Estimate) Delaware County
2024 Estimated Population: 42,230
2029 Estimated Population Increase: 4.9%
2024 Median Household Income: $57,302
2024 Median Home Price: $346,000
% of population employed in blue-collar positions: 43%
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The Location
PRIME LOCATION WITH REGIONAL ACCESSIBILITY
55+ WATERFRONT SENIOR COMMUNITIES WITH STABLE TENANT BASE
ATTRACTIVE ASSUMABLE AGENCY FINANCING
SCHEDULED RENT INCREASES FOR 2025
STRONG PERFORMING RETURNS DAY 1
HUNTER LAROCCA
Director 407.227.9643 hunter.larocca@berkadia.com
BRIAN BROCKMAN
License #: 177814 Bang Realty-Oklahoma Inc
MORTGAGE BANKING
ART TUVERSON
Managing Director 949.622.9201 art.tuverson@berkadia.com
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.
© 2025 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.