
Executive Summary
Berkadia Manufactured Housing is pleased to present University MHP in Spokane Valley, WA consisting of 106 sites. Nestled just 15 minutes from Downtown Spokane, this community is strategically positioned within the rapidly expanding Spokane MSA. This prime location offers investors unparalleled access to a vibrant market, with significant commuter traffic between both Spokane and Coeur d’Alene, Idaho. As the I-90 Corridor development plan progresses, the anticipated influx of businesses and residents is poised to boost housing demand in nearby communities like University MHP ensuring robust occupancy levels. This offering stands out as a fully stabilized asset, offering a nearly passive investment opportunity. With an impressive 97% occupancy rate, minimal repairs due to predominantly tenant-owned homes, and utilization of public utilities, the community enjoys a lower expense ratio, translating to a higher net operating income. In addition, the need for affordable housing in the Spokane metro area is pressing, with the average median sale price significantly exceeding the national average. As home prices and rental rates climb, University MHP provides a cost-effective living solution, and boasts rents that are over $155 less than their direct market competition. Overall, University MHP offers investors a well located, stable, and high-demand asset with minimal oversight.
Investment Highlights
01
LOCATED IN SPOKANE MSA
02
FULLY STABILIZED ASSET
03
BELOW MARKET RENTS
04
NEED FOR AFFORDABLE HOUSING IN THE IMMEDIATE METRO
The Location

The Spokane-Spokane Valley, WA, Metropolitan Statistical Area (MSA) is located in eastern Washington, adjacent to the western Idaho state line. The three-county metro area is home to more than 610,600 residents, and the city of Spokane is the largest municipality in the northern U.S. between Seattle and Minneapolis. Greater Spokane’s location between the Cascade Mountain Range and the Rocky Mountains gives the area four distinct seasons, making it a popular place for tourists and for outdoor enthusiasts to settle. Five ski resorts and dozens of beautiful lakes are within a 90-minute drive of Spokane.
SPOKANE County Quick Facts
#7
Best Counties for Young Professionals in WA
Niche, 2025
#11
Best Counties to Live in Washington
Niche, 2025
$435,000
Median Home Price
June 2025, Spokane Realtors
Contact Us
ORLANDO OFFICE
300 South Orange Avenue
Suite 1500
Orlando, FL 32801
Investment Sales
Ian Hilpl
Managing Director
315.406.0900
[email protected]
Kevan Enger
Senior Managing Director
407.494.8541
[email protected]
Brian Hummell
Director
614.468.5773
[email protected]
Hunter LaRocca
Director
407.227.9643
[email protected]
Broker of Record
DAVID SORENSEN
WA Real Estate Broker
License #18969
University MHP
106-Site Community inSpokane Valley, WA

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.





