Marcus & Millichap Sells $20.5M Senior Manufactured Housing Community in Florida

HUDSON, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Club Wildwood MHP (top left photo) , a 478-space senior manufactured housing community in Hudson.

The sales price of $20.5 million represents $42,887 per space.

Dan Mulkey, a vice president investments in the firm’s Tampa office, represented the buyer, Arizona-based National Home Communities (NHC) LLC.

“Club Wildwood’s 478 sites place it in the top 5 percent of Florida’s largest manufactured seniors housing communities,” says Mulkey. “Due to its size and high quality, the property was highly sought after by investors. Charles Ellis of NHC’s keen eye for opportunity gave him the edge when it came time to negotiate the transaction,” adds Mulkey.

The property is located on Florida’s west coast just north of Clearwater/St. Petersburg in Hudson at 770 Parkway Blvd.

Club Wildwood was developed between 1974 and 1979. The park features 474 doublewide and four singlewide coaches. Community amenities include a large clubhouse, swimming pool, bocce ball and shuffleboard courts.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716