Saturday, July 18, 2015

$18.35 Million Buys Pinellas County, FL Manufactured Home Community


Dan Mulkey
PALM HARBOR, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has arranged the sale of  a 213-space, 55-plus age-restricted manufactured home community in Palm Harbor, Fla. 

The $18,350,000 sales price equates to $86,150 per space.

            Dan Mulkey, vice president investments in Marcus & Millichap’s Tampa office, represented the seller and procured the buyer.

“Located close to shopping, transportation and beaches, the property is a well-maintained manufactured home community providing annual rental increases,” says Mulkey. “The park was 100 percent occupied at the time of the sale.”

Built in 1985 on approximately 28 acres, the property is located in a residential neighborhood in Palm Harbor. The community features all double-wide homes. All sites have paved drives and carports. Community amenities include a large recreation building with a commercial kitchen, library, billiards, cards and exercise rooms; a heated pool; a lake with fountains; shuffleboard courts, and  a horseshoe pitch and park area.

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

Gina Relva
Public Relations Manager

(925) 953-1716

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