A California investor, Wayne Comfort, has invested in three mobile home communities in Central Tucson for an aggregate total of $7.35 million.
The Lamplighter Mobile Home Park at 3431 N Flowing Wells Road in Tucson sold for $2.4 million ($35,820 per space). The 67-site park is a three-star, all age community in the desirable Flowing Wells neighborhood. Built in 1971 on 5.65 acres, the park has site density of 11.86 sites per acre and a mix of single- and double-wide homes. The property was 85% occupied at time of sale.
Prince Mobile Home Park at 38 West Prince Road in Tucson sold for $2.05 million ($33,064 per space). The 62-site park includes 46 mobile home site, 12 RV sites and 3 apartment rentals (plus office) on a total 4.6 acres. Amenities include an office, community swimming pool, laundry room, guest parking, shower facility and BBQ and picnic area. The property has a block wall perimeter fencing and a wrought iron security fence with self-closing gates. The property was 82% occupied at time of sale.
The same investor, Wayne Comfort, also purchased Catalina Vista Mobile Home Park at 3344 E Kleindale Road in Tucson earlier in the year for $2.9 million ($35,366 per space). This property has 82-home sites on 6.34 acres. Amenities include an air-conditioned clubhouse with pool, laundry facility, and on site management. The property had two vacancies or 97% occupancy at time of sale.
Richard Spreiser with KW Commercial in Tucson handled all three transactions that were off market deals.
For more information, Spreiser should be reached at 520.850.1640.
To learn more, see RED Comp #3810, #4223 and #4224.