SEDONA, Ariz., July 12, 2024 – 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 Oak Creek Mobilodge, a 62-space manufactured home community located in Sedona, Arizona.
The asset sold for $5,300,000 ($85,484 per space).
“Oak Creek Mobilodge is spectacularly situated, offering residents unparalleled access to a myriad of attractions and amenities. Tenants enjoy convenient connectivity to Sedona with nearby grocers such as Whole Foods, Basha’s, and Safeway, ensuring everyday essentials are within easy reach,” said Richard Butler, senior vice president of investments in Marcus & Millichap’s Phoenix office. “Enveloped by the majestic Cathedral Rock, Coffee Pot Rock and Bell Rock, alongside the tranquil allure of the Chapel of the Holy Cross, this property offers a serene retreat amidst Sedona's breathtaking vistas and alluring hikes.” Butler had the exclusive listing to market the property on behalf of the seller, Creekfront Holdings, LLC. The buyer, Oak Creek Hospitality, was procured by Lee Jeans of Coldwell Banker.
Oak Creek Mobilodge is located at 1156 AZ-179 in Sedona, Arizona. Situated on the famous Oak Creek, this manufactured home property is 1.4 miles from Main Street and just south of Tlaquepaque, a premier shopping destination. Residents are also near several lush golf courses and the prestigious L’Auberge de Sedona Hotel & Resort, renowned for its spa treatments.