TAMPA, FL, March 15, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Baylor Portfolio, a 13.79-acre manufactured homes community in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $2,575,000.
Dan Mulkey, vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor owning several local mobile home communities, was secured and represented by Dan Mulkey.
This portfolio consists of two, all age communities on the east side of Tampa, Florida. The parks abut each other forming an “L” shaped property providing 87 total sites. Countyaire Mobile Home Park consists of 60 home sites, and Kentwood Mobile Home Park consists of 27 home sites. Both parks are well maintained and are a good blend of newer and older single and double wide homes.
“These two parks have been exceptionally well maintained and provide an excellent addition to the buyer’s existing portfolio of communities,” says Mulkey.
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About Marcus & Millichap (NYSE: MMI)
With over 1,500 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com