Lewisville, TX—Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, represented the buyer in the off-market acquisition of Lewisville Mobile Home Park, located at 1156 E State Highway 121, Lewisville, TX. Associate Arthur Varela, Associate Vice President Kevin Puder, and Executive Vice President Chad Kurz handled the transaction.
The property spans five acres totaling 217,800 square feet and features 48 lots, including 31 mobile home lots and 17 RV lots, plus one single-family residence. At 100% occupancy, the Lewisville Mobile Home Park is a fully stabilized asset in close proximity to the thriving Dallas-Fort Worth metro. The local buyer completed a 1031 exchange through the acquisition.
“Our clients were on a very strict deadline where they had two months left to execute their 1031 exchange, and once I revealed the property, they were all over it,” Varela said. “We had developed a great relationship with the sellers’ ultimately allowing for the entire deal to close on time and achieve both parties’ goals.”
Lewisville is a growing submarket north of DFW, steadily gaining in-state and out-of-state investor interest. The buyer, one of Texas’s largest owner-operators of mobile home parks and self-storage facilities, plans to continue the operations while simultaneously finding ways to add value to the site.
For more information or to contact a Matthews specialized agent, please visit www.matthews.com.
About Matthews™
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 600 agents and support staff in 20+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
