MOUNT DORA, Fla., Dec. 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 Sunny Pines Mobile Home Park, a 6.8-acre manufactured home community in Mount Dora, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $2.7 million.
Dan Mulkey, first vice president investments in Marcus & Millichap’s Tampa office, represented the buyer in this transaction.
“The buyer is a limited liability company from New England who has been building a mobile home park portfolio in Florida for the last couple of years. To date they have amassed seven or more communities tallying close to 1,000 units. Sunny Pines is second closing of a three-park portfolio totaling about 300 units with the third park closing in January,” says Mr. Mulkey.
The subject property, Sunny Pines Mobile Home Park, is a 55-plus community located at 5902 North Orange Blossom Trail in Mount Dora, Florida.
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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