Monday, July 20, 2015

Marcus & Millichap Arranges Sale of 4.1-Acre Manufactured Home Community in Lakeland, FL


Dan Mulkey
LAKELAND, FL, July 20, 2015 – 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 Country Villa Mobile Home Park, a 4.1 acre manufactured homes community in Lakeland, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. 

The asset sold for $904,000.

Daniel Hurd, associate, and 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 personal trust.  

The buyer, a private investor, was secured and represented by Daniel Hurd, Dan Mulkey and Paul Bouldin, senior associate, in the firm’s Tampa office. 

Country Villa Mobile Home Park is a 45-space, senior mobile home community located at 5435 Lewellyn Road in Lakeland, Florida. This is just four miles north of Interstate 4 in Polk County, which is centrally positioned only 45 minutes between Orlando and Tampa.

Daniel Hurd
The community was built on approximately 4.1 acres in 1970 and has been family owned and operated since then. 

There is a mix of single and doublewide homes, consisting of eight site rentals, 29 park-owned units and eight vacant lots. The community has several long term residents.

“Both the buyer and seller are local Lakeland residents and have a background in the mobile home industry. The buyer sees an opportunity to capture upside in this investment by filling the vacant lots and rental homes,” says Hurd.

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

Richard D. Matricaria
Vice President/Regional Manager, Tampa

(813) 387-4700

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