Friday, March 18, 2016

Marcus & Millichap Brokers $2.57 Million Sale of Baylor Portfolio of Manufactured Homes in Tampa, FL

Dan Mulkey
TAMPA, FL – 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 also secured and represented by 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.

For a complete copy of the company’s news release, please contact:

Richard D. Matricaria
Vice President/Regional Manager
Tampa, FL

(813) 387-4700

No comments: