Press Releases
Marcus & Millichap Arranges Sale and Financing of 146-Space Manufactured Housing Community in Port Huron, Michigan
May 13, 2025
PORT HURON, Mich., May 13, 2025 – 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 the 146-space Port of Call Manufactured Housing Community in Port Huron, Michigan. The property sold for $9.75 million. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured $7.21 million in financing.
“Our team, including MMCC, was able to deliver a seamless transaction by filling in key gaps, from securing financing to connecting the buyer with legal counsel, while representing both sides of the deal,” said Chase Gilewski, senior associate. “As a St. Clair County native, it was especially rewarding to help facilitate a local deal that not only strengthens affordable housing in the region but also highlights the full value of our collaborative platform during a turbulent time in commercial real estate.”
Gilewski and Chris Futo, investment specialists in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Luke Lamoreaux, associate director in the firm’s Detroit office, secured the financing with a national housing lender that specializes in manufactured, modular and mobile homes, on behalf of the buyer. “This transaction involved many moving parts, and we were fortunate to collaborate with a highly motivated local buyer, two exceptionally skilled investment agents, and the ideal lending partner," said Lamoreaux. "It was a true team effort on both sides of Marcus & Millichap."
Port of Call was developed in 1995 and spans 30 acres in Port Huron Charter Township. The community is licensed for 146 homesites, 143 of which are occupied. Of the homes, 94 are double-wide and 49 are single-wide, with 112 community-owned and 31 tenant-owned homes. All utilities are public and individually metered, and the property features off-street parking, community lighting and a basketball court.
“Our team, including MMCC, was able to deliver a seamless transaction by filling in key gaps, from securing financing to connecting the buyer with legal counsel, while representing both sides of the deal,” said Chase Gilewski, senior associate. “As a St. Clair County native, it was especially rewarding to help facilitate a local deal that not only strengthens affordable housing in the region but also highlights the full value of our collaborative platform during a turbulent time in commercial real estate.”
Gilewski and Chris Futo, investment specialists in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Luke Lamoreaux, associate director in the firm’s Detroit office, secured the financing with a national housing lender that specializes in manufactured, modular and mobile homes, on behalf of the buyer. “This transaction involved many moving parts, and we were fortunate to collaborate with a highly motivated local buyer, two exceptionally skilled investment agents, and the ideal lending partner," said Lamoreaux. "It was a true team effort on both sides of Marcus & Millichap."
Port of Call was developed in 1995 and spans 30 acres in Port Huron Charter Township. The community is licensed for 146 homesites, 143 of which are occupied. Of the homes, 94 are double-wide and 49 are single-wide, with 112 community-owned and 31 tenant-owned homes. All utilities are public and individually metered, and the property features off-street parking, community lighting and a basketball court.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
