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| Townsley Estates, Lakeland, FL |
LAKELAND, FL – Marcus
& Millichap (NYSE: MMI), a leading commercial real estate investment
services firm with offices throughout the United States and Canada, announced
the sale of Townsley Estates, a
5.2-acre manufactured home community in Lakeland, Florida, according to Ari
Ravi, regional manager of the firm’s Tampa office. The asset sold for
$1,425,000.
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| Dan Mulkey |
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 limited
liability company. The buyer, a limited
liability company, was secured and represented by
Mulkey.
Situated in Lakeland, Florida
between Tampa and Orlando along Interstate 4, this small senior community
offers its residents quiet living while placing them close to a major mall,
hospitals, shopping and transportation. The manager’s home is a two-bedroom,
stick build dwelling with a pool.
Because of its close
proximity to Tampa, Orlando and the crossroads of two of Florida’s most heavily
traveled highways, Interstate 4 and U.S. Highway 27, Lakeland has become a high
growth area boasting heavy commerce and housing development.
“After purchasing the
community in 2008 the seller has done a very nice job of upgrading and filling
the park,” says Mulkey. “As a Canadian citizen he intends to reinvest his sale
proceeds into Canadian real estate.”
“The buyer, a California
resident, is venturing into Florida real estate for the first time with
intentions of investing in more manufactured housing in the immediate future,”
concluded Mulkey.
For a complete copy of the company’s news release,
please contact:
Ari Ravi
Regional Manager, Tampa
(813) 387-4700
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