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| Rainbow Resort, Frostproof, FL |
FROSTPROOF, FL– Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has announced the sale of Rainbow RV Resort, a 127-acre recreational
vehicle community located in Frostproof, Florida, according to Richard D.
Matricaria, Regional Manager of the firm’s Tampa office.
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| Dan Mulkey |
Dan Mulkey, a vice president investments and senior
director of the National Manufactured Home Communities Group in Marcus &
Millichap’s Tampa office, had the exclusive listing to market the property on
behalf of a Florida based seller. Mr. Mulkey also secured the buyer, Sun
Communities, a highly respected Michigan based REIT specializing in owning and
operating high quality RV Resorts and mobile home communities nationwide.
Rainbow RV Resort is located just off US Highway 27, a short
drive south of Lake Wales, Florida.
This five-star, senior (55+) recreational vehicle community was
originally constructed in 2000 and features a high quality amenity package,
including a spacious heated swimming pool, two spas, a 15,000-square foot
modern clubhouse with a game room, craft room, card room exercise area,
woodshop, bocce ball, shuffleboard, horseshoes, library, computer stations and
laundry facilities.
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| Richard Matricaria |
The community’s exclusive nature is enhanced by the gated
entrance and perimeter fencing. There
is also an on-site office and various support staff for the community in place.
“Rainbow RV is a beautiful community, having all lots large
enough to accommodate permanent park model homes,” says Mulkey. “Every year more permanent units are added,
providing a stabilized income going forward.
The park enjoys many of the same campers returning each year, adding to
its stability. Rainbow has been
extremely well-maintained and operated and fits well into Sun Community’s
impressive portfolio.”
Press Contact:
Richard D.
Matricaria
Regional Manager, Tampa
(813) 387-4700
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