Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced on Wednesday, April 17 the sale of Cape Fear Village, a 183-lot mobile home property located in Fayetteville, N.C. The property sold for $12,800,000, or $69,945 per space.
“We are pleased to announce the closing of Cape Fear Village. We sourced multiple offers and ultimately closed this transaction with a cash buyer in a short time frame despite numerous challenges associated with this deal,” said Glenn Esterson, senior vice president of investments in a press release. “We thank the sellers for this opportunity to assist them in disposing of this
park and congratulate the new owners on a job well done.”
Esterson, investment specialist in Marcus & Millichap’s Charlotte Uptown office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Cape Fear Village, located at 2620 Cattail Circle, contains 183 lots across 45.8 acres, currently at 92 percent occupancy. The lots include 167 rented park owned homes, 13 vacant park owned homes, two tenant owned homes and one vacant lot. The community is centrally located in the fast-growing Fayetteville MSA with close proximity to Fort Bragg Army Base.
To wrap up the first day, attendees were able to meet up for a social event at the Brad Halling American Whiskey Ko. in Southern Pines where a $10,000 check was presented to the Joint Special Operations Foundation for their scholarship fund. Photo pr
The three-story, 200,000 square-foot business incubator space is located at 420 Maiden Lane. The building features an elevator, construction has begun on handicap bathrooms for the first floor and the second and third floors feature window walls offering views of Segra Stadium.
Image provided by FTCCFocused on building the local workforce and streamlining the education process through real world learning, the Hope, Opportunity, Prosperity through Education Program at Fayetteville Technical Community College (FTCC), also kno
