CLEARWATER, FL, August 23, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Sunny Grove Mobile Home Community, a 120 space manufactured home community located in Clearwater, FL, according to Christopher W. Travis, regional manager of the firm’s Tampa office. The asset sold for $10,000,000.
Dan Mulkey, an investment specialist in Marcus & Millichap’s Tampa office, handled this sale as a transactional agent on behalf of the Seller, a private investor, and the Buyer, a nationally known real estate investment company. The Seller is also a well-known entity within the circles of those professionals within the manufactured housing industry.
Sunny Grove Mobile Home Community is located at 3463 Gulf to Bay Blvd in Clearwater, FL. (Dan said, “Sunny Grove is a well-located 55+ senior community on the main thoroughfare in Clearwater. The park was nearly 98% occupied at closing. It was purchased in conjunction with another Seller owned community, Far Horizons MHP (88 spaces), which was closed earlier this year. Far Horizons is also a well-located, senior community in Clearwater. The two provide the Buyer over 200 spaces in a city highly valued by retirees.”