Price: $7,675,000
Total Spaces: 190
CAP Rate: 8.0
Sold 2015
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
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: Confidential
Total Spaces: 141
CAP Rate: 8.0
Overview:
141 space, all-age community located in Houston, Texas.
Investment Highlights:
- 8% CAP Rate on Actuals
- 100% Occupancy and Collections
- 12 Rental Homes Included in Sale
- Private Water and Sewer
- 141 Spaces
Sold 2015
Price: $536,000
Total Spaces: 63
CAP Rate: 10.0
Overview:
2-Star, 63 space park located in Portales, New Mexico.
Investment Highlights:
- 63 Spaces
- Close Proximity to Eastern New Mexico University
- Close Proximity to Cannon Air Force Base
- 100 Miles West of Lubbock, Texas
- Off-Market Transaction
Sold 2015
Price: $7,700,000
Total Spaces: 120
CAP Rate: 6.25
Overview:
120 space, all-age community located on the banks of the Animas River in Durango, Colorado.
Investment Highlights:
- 120 Spaces
- 98% Occupied
- Average Rent of $490
- No Park Owned Homes
- On The Animas River
- Located in Durango, Colorado
- Historically High Occupancy
- 6.25% CAP Rate
Sold 2015
Price: $950,000
Total Spaces: 62
CAP Rate: 8.6
Overview:
2-Star, 55+ community located in Orchard City, Colorado.
Investment Highlights:
- 55+ Community
- Historically High Occupancy
- Country Setting
- 30 Miles from Montrose, Colorado; 50 Miles from Grand Junction, Colorado
- 63 Spaces
- Off-Market Transaction
