ZEPHYRHILLS, FLORIDA, May 26, 2017 – 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 Friendly Park Adult Community, a 21-space manufactured homes community in Zephyrhills, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $505,000.
Sebastian Harris and Dan Mulkey, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The investor, also a limited liability company, was secured and represented by Sebastian Harris. “The investor has been in the business for 25 years and well versed in mobile home communities. He is very pleased with the community which fit his buying needs perfectly,” says Harris. The sale closed seamlessly.
Friendly Mobile Home Park is located at 37936 12th Avenue in Zephyrhills, Florida. This (55+) park is located in a residential neighborhood near downtown Zephyrhills. It has 20 occupied sites and is serviced by city utilities. There are no amenities.
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About Marcus & Millichap (NYSE: MMI)
With over 1,700 investment sales and financing 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 9,000 transactions in 2016 with a value of approximately $42.3 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