Country Meadows & McDonald MHP
Visit Doc Center
Terms of Use
Privacy
Contact
Doc Center
Photo Gallery
Investment Highlights
Executive Summary
Executive Summary
Berkadia Manufactured Housing is pleased to present this offering consisting of 304 sites across two meticulously maintained manufactured housing communities in Swansea, Illinois. Swansea is a growing city located just minutes outside of St. Louis, the 20th largest metro in the United States. Residents at these communities enjoy the tremendous quality of the communities while benefiting from the proximity to St. Louis and access to other cities throughout southwest Illinois. Furthermore, the portfolio boasts a stabilized 99% occupancy, providing a turnkey asset to a new owner. Since the lot rents are significantly lower than the market average, a new owner could focus on implementing gradual rent increases. This offering presents the opportunity to acquire a well-maintained stabilized portfolio with beautiful curb appeal in a strong market.
THE LOCATION
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 loan brokerage 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 the Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Country Meadows & McDonald MHP
Visit Doc Center
hunter larocca
Director
402.227.9643
hunter.larocca@berkadia.com
Brian Hummell
Director
614.468.5773
brian.hummell@berkadia.com
Kevan Enger
Senior Managing Director
407.494.8541
kevan.enger@berkadia.com
Ian Hilpl
Managing Director
315.406.0900
ian.hilpl@berkadia.com
CONTACT US
Orlando Office
300 South Orange Avenue
Suite 1500
Orlando, FL 32801
McDonald MHP
McDonald MHP
Country Meadows
Country Meadows
McDonald MHP
McDonald MHP
Country Meadows
Country Meadows
PHOTO GALLERY
INVESTMENT HIGHLIGHTS
STRONG HISTORICAL OCCUPANCY
1
STRONG HISTORICAL OCCUPANCY
1
The communities are 99% occupied which provides new ownership with a strong in-place tenant base. A key highlight of the tenant base is that there are no delinquencies and the tenants are long term. The high in place occupancy makes this a more than
serviceable turnkey asset with opportunity to increase rental income on Day 1.
GROWING SUBMARKET WITHIN ST. LOUIS MSA
2
GROWING SUBMARKET WITHIN ST. LOUIS MSA
2
Located only 25 minutes away from St. Louis, Swansea is an emerging city with moderately priced single-family homes. St. Louis is the 20th largest metro in the United States with over 2.8 million people. St. Louis has also been named the #1 startup city in America with over 120 new organizations calling the city their new home. The city is home to 9 Fortune 500 companies and is known for its broad sectors in manufacturing, energy, transportation, aeronautics, military, and healthcare.
OPPORTUNITY TO BRING CURRENT RENTS TO MARKET RATE
3
OPPORTUNITY TO BRING CURRENT RENTS TO MARKET RATE
3
Lot rents at the community are currently $65 below what comparable properties in the St. Louis Market are achieving. In addition to this upside in base rent, new ownership will have the opportunity to improve the utility recapture, which is currently included in the rent. If new ownership increases rents by half of this market average (approximately $32), they will realize a ~$112,900 or 7% increase in Effective Rental Income.
BEAUTIFUL CURB APPEAL
4
BEAUTIFUL CURB APPEAL
4
Current ownership has done an excellent job of enhancing and maintaining the curb appeal and aesthetics of these communities. The parks have beautiful landscaping, recently repaved roads, front exteriors with good visibility, and well-maintained infrastructure throughout. Furthermore, several homes feature valuable add-ons, such as carports, sheds, and porches. The beautiful homes, combined with all the features of the communities, contribute to the overall charming and appealing neighborhood nature.
Visit Doc Center
Location
Executive Summary
Investment Highlights
Location
Photo Gallery
Contact
Document Center
Terms of Use
Privacy
TOUR COUNTRY MEADOWS
TOUR McDonald MHP