Price: $1,800,000
Total Spaces: 88
CAP Rate: 9.1
Sold 2015
Overview:
2-Star, 99% occupied, 88 space all-age community located in Minot, North Dakota.
Investment Highlights:
- 9.11% CAP Rate
- 2-Star, All-Age Community
- One Vacancy
- No Park Owned Homes
- City Water and City Sewer
- Under Market Rents
- Average Rent Ranges from $300 to $310 and Includes Water, Sewer and Trash
- Manager Has Been On-Site for Approximately 20 Years
Sold 2015
Price: Confidential
Total Spaces: 60
CAP Rate: 6.0
Overview:
2-Star, all-age community located in the growing community of New Braunfels, Texas.
Investment Highlights:
- 60 Spaces
- Historically High Occupancy
- Close Proximity to Both San Antonio and Austin, Texas
- Off-Market Transaction
Sold 2015
Price: Confidential
Total Spaces: 150
CAP Rate: N/A
Overview:
150 space community, located in San Marcos, Texas.
Investment Highlights:
- Confidential, Off-Market Transaction
- Call for Details
Sold 2015
Price: $21,000,000
Total Spaces: 485
CAP Rate: 6.4
Overview:
3-Star, 483 space all-age community located in Marion, Iowa (Cedar Rapids).
Investment Highlights:
- 483 Space, All-Age Community, Located in Marion, Iowa (Cedar Rapids)
- 3-Star Quality with Clubhouse, Office, Playground, Storage Units, and Outside Storage Area
- City Water and City Sewer
- Average Rent is $330, and Includes Water, Sewer, and Trash Service
- 118 Homes Included with Sale (Average Age of Home is 2001)
- 92% Physical Occupancy
- Built in the Early 1990s
Sold 2015
Price: Confidential
Total Spaces: 111
CAP Rate: 5.2
Overview:
Call for details.
Investment Highlights:
- Call For Details
Sold 2015
Price: $4,500,000
Total Spaces: 134
CAP Rate: 6.8
Overview:
A value-add 55+ community located in the heart of Mesa, Arizona.
Investment Highlights:
- Senior Community in Mesa, Arizona
- 134 Spaces
- City Water and City Sewer
- Value-Add Opportunity, 9.14% CAP Pro Forma
- 19 Vacant Park Owned Homes
Sold 2015
Price: Confidential
Total Spaces: 46
CAP Rate: N/A
Overview:
46 space, 55+ community located in Fruit Heights, Utah.
Investment Highlights:
- 55+ Community
- Average Rents $385 – $395
- Confidential, Off-Market Transaction
Sold 2015
Price: Confidential
Total Spaces: 54
CAP Rate: 9.0
Overview:
2-Star, all-age community located between the growth markets of Austin and San Antonio, Texas.
Investment Highlights:
- Infill Location Between the Growth Markets of Austin and San Antonio
- All City of San Marcos Utilities
- 10 Rental Homes Included in the Sale Price
- Park is Situated Directly Off of the I-35 Freeway
Sold 2015
Price: Confidential
Total Spaces: 111
CAP Rate: 8.0
Overview:
2-Star, all-age community located in the growing area of Georgetown, Texas.
Investment Highlights:
- Low Density Community with Approximately Two Homes Per Acre
- Off-Street Parking with a 4:1 Ratio
- Low Expense Ratio Due to Direct Billed Utilities and Private Septic
- Over 9% CAP on Actuals
- 95% Occupancy
Sold 2015
Price: $7,675,000
Total Spaces: 190
CAP Rate: 8.0
Overview:
3-Star, 190 space mobile home community located in Globe, Arizona. The sale included 206 mini storage units.
Investment Highlights:
- 3-Star, 190 Space Community
- City Utilities
- 90% Occupied (Park)
- Includes 206 Mini Storage Units
- Average Rent for Single-Wide Space Ranges from $311 to $321
- Average Rent for Double-Wide Space is $336
- No Services Included in Space Rent
- Stabilized, Turn Key Opportunity with Experienced Management in Place
- Well Maintained by Current Ownership
