MMHP INVESTMENT SALES OPPORTUNITY 9009 & 9011 Centreville Road Manassas, VA Investment Highlights Centrally located, 100% leased mobile home park in the strong-performing City of Manassas, VA The 10.02-acre site consists of 110 homes (both single-wide and double-wide) and one rental house with direct frontage along Centreville Road The property is conveniently situated within walking distance of an array of amenities including Giant, Home Depot and Food Lion Part of the Mathis Avenue Sector Plan, providing investors a future redevelopment option Estimated 15% population growth within one mile by 2019 Property Overview Address 9009-9011 Centreville Road Manassas, VA Molbile Homes 110 Current Rent $620 Occupancy 100% Lot Sizes (Acres) Lot 138-420,782 SF Lot 139-15,843 SF 436,625 SF (10.02 acres) Parcels 100-01-00-138 & 100-01-00-139 Zoning B-4 (General Commercial) / R-4 (Residential Mobile Home Park)
MMHP Location & Accessibility Located on Route 28, near I-66, providing excellent access to Dulles International Airport, Washington, DC and neighboring business communities such as Chantilly and Reston Approximately one mile from historic downtown Manassas featuring dining, shopping and cultural events. An OmniLink bus stop located one block from the property provides access to the historic Manassas Train Station, which offers Virginia Railway Express (VRE) and Amtrak service
MMHP 9009 & 9011 Centreville Road Manassas, VA Property Description Lot Size (Total) 10.02 acres Mobile Homes 110* *Current residents own their respective homes; excludes the one rental house with direct frontage along Centreville Road Home Type Single-wides & double-wides Current Rent $620 per mobile home Utilities Electric, Water/Sewer and Trash are provided to each home* *Residents pay electric and owner pays water / sewer and trash Management Current ownership has an on-site management office, along with on-site management staff
Location Transportation Manassas offers a first rate transportation network of roads, air, rail and public commuter service linking the city to major US markets Conveniently located on Route 28, the major northsouth route, provides direct connection to Dulles International Airport The Manassas Train Station in Old Town offers Virginia Rail Express (VRE) and Amtrak rail service providing residents direct connectivity Employment Opportunities Manassas has become a regional hub for major industries from aerospace to homeland defense to manufacturing. Lockheed Martin, BAE Systems, Aurora Flight Sciences, and Micron Technology are a few of the companies that have established thriving businesses here. Residents can also easily commute to work in neighboring suburbs such as Chantilly, Reston, Tysons Corner, Arlington and Washington, DC, while taking advantage of the high quality of life and lower cost of living that Manassas offers Historic Old Town Attractions is just one mile from historic Old Town Manassas, which features charming turn-of-the century architecture, shops, dining, cultural events and annual festivals The Harris Pavilion is a popular attraction on weekend nights in the spring and summer, with live outdoor concerts, performances and more. In the winter, the Pavilion is converted into an open-air ice-skating rink. Not far from Old Town is the Manassas National Battlefield Park, a key crossroads during the American Civil War, which made Manassas synonymous with bravery and sacrifice
Redevelopment Option The City of Manassas has been experiencing rapid change over the past two decades. A Comprehensive Plan was completed in 2002 to guide growth and big changes for the City. The plan allows for preservation, in-fill development and redevelopment to continue to evolve the City into the most attractive, livable city in the metropolitan Washington, DC area. The plan divided Manassas into six sectors, one of which, the Mathis Avenue Sector, is considered to be the City s key commercial and residential district and an important gateway into Manassas. The Mathis Avenue Sector Plan, a 30-year vision for the future, calls for the development of a productive and vibrant commercial district that continues to provide a steady and increasing tax base for the City. The planning committee developed a set of goals to guide the community design vision: Maximize sector potential create areas of greater density Improve linkages within the sector, and between the sector and Old Town: ¾ Pedestrian ¾ Bicycle ¾ Vehicular Encourage mixed-use development Create a regional market attraction: retail, office, entertainment Maximize open space and green connections ¾ Create an interconnected street/sidewalk network ¾ Make the public street the focus of site design ¾ Create pedestrian-friendly retail districts For, the High Density Residential designation provides for the greatest utilization of land for residential development. Land areas that hold this designation are to be developed with multifamily product with no average maximum density.
Contacts Christopher J. Doerr Managing Director (202) 266-1323 Christopher.Doerr@cassidyturley.com William C. Harvey Associate (202) 266-1333 William.Harvey@cassidyturley.com MMHP 2101 L Street NW Suite 700 Washington, DC 20037 202.463.2100