RUSKIN, Fla., December 27, 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 Ruskin Mobiles, a 4.7-acre manufactured homes community in Ruskin, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,040,000.
Dan Mulkey, first vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. “Ruskin Mobiles is small, family, rental home community in a prime location just around the corner from the new Amazon facility in Ruskin, a Tampa suburb. With only 30 homes leased at the time of closing the buyers, a California investment group, already have a tremendous cash flow. However, bringing even four to five more rental units online will make their returns that much better,” says Mulkey.
The park consists of 35 mobile home sites and three apartments. Ruskin Mobiles is located at 221 Southeast 21st Street in Ruskin, Florida, about thirty minutes from downtown Tampa. The area is the home of the “Ruskin Tomatoes” and a thriving tomato industry. In 2013, Amazon built a 1.1 million-square-foot distribution facility a few minutes from the property. It now employs about 2,500 workers and is constantly searching for more.
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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