65 Acre Mobile Home Park Brokered by Marcus & Millichap

4/15/19

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 Sun Acres Mobile Home Park, a 65 site manufactured homes community situated on a 65-acre parcel in Kilgore, Texas.

Robert Denninger, first vice president investments in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the Utah seller, and procured the East Texas buyer.

“Robert knew I live in East Texas and was able to bring me an opportunity that fit perfectly into my existing portfolio,” said the buyer of Sun Acres Mobile Home Park. “Robert’s personal candor combined with his company’s national platform allows him to put buyers and sellers together in a way I haven’t experienced working with other brokers.”

Sun Acres Mobile Home Park was an assignment of a contract, and the buyer closed with no price reductions. The property is located at 2567 Old Highway 135 South in Kilgore, Texas.

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.