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| 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.
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| 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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