Marcus & Millichap Arranges Sale of 217,800 SF Manufactured Housing Community in Fort Worth

FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of Fowler’s RV Park, a 217,800-square-foot manufactured housing community in Fort Worth. The property comprises 65 recreational vehicle sites, 10 apartments and four commercial units on five acres. The property, which was close to fully occupied at the time of sale, was acquired at a 10 percent cap rate and a price of approximately $22,900 per site. A local bank provided acquisition financing at a 70 percent loan-to-value ratio. Jeff Taylor, Douglas Danny and Braeden Jehle of Marcus & Millichap represented the seller, a private investor, in the transaction. Additional terms of sale were not disclosed.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter

Webinars on Demand

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties