Sunday, August 19, 2018

Marcus & Millichap Brokers $10 Million Sale of 18-acre Riverside Oaks manufactured home community in Punta Gorda, FL



PUNTA GORDA, 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 Riverside Oaks, an 18-acre manufactured homes community in Punta Gorda, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $10,000,000.
Dan Mulkey
Dan Mulkey, an investment specialist in Marcus & Millichap’s Tampa office, represented the seller, a private investor, in this transaction.The buyer, Northwestern Mutual Life Insurance Company, was also secured by Dan Mulkey.
“This acquisition was the perfect fit for NML since they own a large community directly across the street from Riverside Oaks, allowing them to easily blend in the task of management for the newly acquired community. Riverside is a solid 5-Star community which compliments the NWM portfolio,” stated Mr. Mulkey.
Riverside Oaks is an all adult community with 102 spaces. Established in 1990, Riverside Oaks offers large sites with mature trees and nature trails. Riverside Oaks is located at 27205 Jones Loop Road in Punta Gorda, Fla.


For more information, please contact: 

Whitney Davis,
Whitney.Davis@marcusmillichap.com

or

Ari Ravi
Regional Manager, Tampa, FL
(813) 387-4700



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