Mobile Home Owner News – August 2021
Resident curated mobile home owners news and information for residents of Mobile Home Parks owned by Kort & Scott (KS) companies. The MHPHOA also provides news coverage for Mobile Home Parks not owned by KS companies.
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Thu, Aug 26, 2021 –
Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Skandia Mobile Country Club, a 167-unit mobile home complex in Huntington Beach, California. The property sold for $58 million, or $347,305 per space.
Centrally located in beautiful Huntington Beach, Skandia Mobile Country Club is a five-star manufactured housing community with 167 units, primarily consisting of double-wide spaces, which are all tenant-owned homes,” said Jeff Benson, senior vice president investments, Marcus & Millichap. “This property offered buyers a rare opportunity to acquire a trophy asset in one of Southern California’s most sought-after destinations.” Benson and Samuel Neumark, senior associate, represented the seller, the Coulter Family Trust, and procured the buyer, Investment Property Group.