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 Texan Mobile Home Park, a 880,783-square foot manufactured homes community located in McAllen, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office. The park sold for near full asking price.

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 partnership. The buyer, a limited liability company, was secured and represented by Jeff Taylor and Will Shealy. “The buyer was looking to expand their mobile home presence into the Texas market, and this park fit their profile. The upside this deal offered made for an intriguing acquisition for the buyer,” said Shealy.

Texan Mobile Home Park is located at 2917 W. US Highway 83 in McAllen, 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.