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Marcus & Millichap Arrange sale of Fla. Manufactured Home Community

January 8th, 2016 Comments off

marcus_&_millichap__oak_meadows_mobile_home_parkMHProNews has been informed by Marcus & Millichap that the real estate investment services firm has arranged the sale of Oak Meadows Mobile Home Park in Lakeland, Fla. for $1,125,000.

Dan Mulkey of M&M’s Tampa Bay office represented both buyer and seller in the transaction. The 9.8 acre manufactured home community (MHC) is comprised of 52 home sites.

Although neither the buyer nor seller were identified, M&M states the seller was a limited liability company (LLC) from the state of Washington, and the seller an LLC from Lakeland.

Mulkey, noting the sites are home rentals, said the buyer intends to upgrade the rental units and backfill the vacant sites. ##

(Photo credit: Marcus & Millichap–Oak Meadows Mobile Home Park)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.