Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Hartsdale Mobile Home Park, a 31 space manufactured home community in Dallas, Texas.

Robert Denninger, an investment specialist in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor, and procured the buyer, also a private investor. The property closed with no price reductions.

“The sellers of Hartsdale received an unsolicited off market offer from a national buyer but weren’t convinced they were maximizing the value of the property,” said Denninger. “I was able to deliver to the seller a higher net proceeds than they would have had without national exposure.”

“Robert did a great job of assigning a value to the property and quickly was able to bring a buyer from over 1,000 miles away to close on the property” said the seller of Hartsdale Mobile Home Park. “I was impressed with Robert’s national platform through Marcus & Millichap to bring multiple offers from around the country to my property.”

Hartsdale Mobile Home Park is located at 1106 Hartsdale Drive in Dallas, Texas. The asset is on city water and sewer and rarely has any vacancy.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.