413 Circle Dr | Springfield, TN 37172
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413 Circle Dr
Springfield, TN 37172
Middle TN MHP Portfolio · Multifamily Property For Sale
Investment Highlights
- All single wides are park-owned-homes
- All Lots are individually metered for electricity
Executive Summary
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/169509/middle-tn-mhp-portfolio
Marcus & Millichap has been selected to exclusively market for sale these 3 mobile home parks located Greenbrier, Charlotte, and Springfield, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located in Middle Tennessee.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE MIDDLE TN MHP PORTFOLIO.
Marcus & Millichap has been selected to exclusively market for sale these 3 mobile home parks located Greenbrier, Charlotte, and Springfield, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located in Middle Tennessee.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE MIDDLE TN MHP PORTFOLIO.
PROPERTY FACTS
| Price / SF | $94.53 / SF | Number of Properties | 3 |
| Cap Rate | 6.82% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 25,600 SF |
| Status | Active | Total Land Area | 34.53 AC |
| Price / SF | $94.53 / SF |
| Cap Rate | 6.82% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 25,600 SF |
| Total Land Area | 34.53 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 413 Circle Dr, Springfield, TN 37172 | Multifamily | 5,600 SF | 1976 | - |
|
Greenbrier MHP
7427 Swift Rd, Greenbrier, TN 37073 |
Multifamily | 12,000 SF | 2000 | - |
|
Charlotte MHP
801 Hafner Rd, Charlotte, TN 37036 |
Multifamily | 8,000 SF | 2000 | - |
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