TUCSON, Ariz. – 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 Dos Hombres Mobile Home Park, a 46,174-square-foot manufactured homes community located in Tucson, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $357,500 ($29,792 per space)
Michael Escobedo, an investment specialist in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a private investor.
“The sellers were a partnership looking to retire,” said Escobedo. “The sellers felt our exclusive listing process combined with current market conditions provided and excellent opportunity to sell.”
“The buyer has a management team and office present in Tucson which makes this park a perfect fit for his team,” Escobedo shared. The buyer, a large mobile home operator from Phoenix with park ownership nearby, was procured by Escobedo.
Built in 1967, Dos Hombres Mobile Home Park consists of 12 mobile home sites and one RV site. The park was 92% occupied at the time of the sale and with opportunities for future rent growth. Dos Hombres is located at 4564 N La Cholla Boulevard in Tucson, Arizona, a high-demand market.