Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Coachlite Mobile Home Park, a 113,692-square foot manufactured homes community located in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.
Jeff Taylor, Senior Associate and Will Shealy, Associate in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. “During the Covid-19 pandemic, Mobile Home Park air space remains strong. We had competitive bids on this property. Consequently, achieving a higher sales price for the seller” said Taylor. The buyer, a limited liability company, was secured and represented by Jeff Taylor and Will Shealy.
Coachlite Mobile Home Park is located at 7114 Dixie Drive in Houston, Texas.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.
