$39.7 Million Manufactured Home Community Hits the Market in Arizona

                    Pine Lakes Mobile Estates, 3707 West Pine Lakes Drive
                                               Prescott, AZ

PRESCOTT, AZ  – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has received the exclusive listing for Pine Lakes Mobile Estates, a 315-space, age-restricted manufactured home community in Prescott, Ariz. The listing price of $39,750,000 equates to $126,190 per space.

Sanford Burstyn

            Evan C. Barry, an associate director of Marcus & Millichap’s National Manufactured Home Communities Group in Newport Beach, Calif. is representing the seller. Sanford Burstyn, a vice president investments in the firm’s Phoenix office, is Marcus & Millichap’s broker of record in Arizona.

            “Pine Lakes Mobile Estates’ spacious design features just 4.7 homes per acre,” says Barry. “Mountain lakes and forest views give the community a private, mountain retreat-like feel, yet its location is close to town.”

            The park is located 3707 West Pine Lakes Drive in Prescott, Ariz., with direct access to Prescott National Forest.

Evan C. Barry

            Amenities at Pine Lakes Mobile Estates include two fishing lakes, a large clubhouse, outdoor heated swimming pool and Jacuzzi, weight-training facility, tennis court and RV storage. The community’s topography and landscaping promotes and encourages walking, hiking, biking and fishing.

Local municipalities and service companies provide the property’s utilities.

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

Ben Johnson

 Marketing Director

(925) 953-1736