Listed by Cushman & Wakefield - West Des Moines, Iowa, NAI Iowa Realty Commercial - Cedar Rapids, Cushman & Wakefield Iowa Commercial Advisors
$110,000,000
Grand View MHC & Summit View MHC
Details
Property Type Mobile Home Park
Sub Type Mobile Home Park
Units 936
Occupancy 98.5%
Tenancy Multi
Year Built 1990
Buildings 2
Acreage 207.280
Investment Type Stabilized
Mobile Home Park
Marketing description
Cushman & Wakefield Iowa Commercial Advisors Exclusively Offers:
- Clink link in OM to view confidentiality agreement and financials
- Prime Cedar Rapids location - Situated just off Highway 151 and Highway 30, providing easy access to employers, shopping, healthcare, and parks
- Large mobile home community - Two parks - Grand View Village & Summit View - totaling approximately 936 home sites across 207 acres
- Industrial warehouse - A 14,000 SF steel-frame warehouse and 2,100 SF post-frame warehouse on 2.15 acres with 6 drive-in doors, built in 2018, currently serving as the central maintenance facility
- Significant land holdings - Five parcels totaling 132.34 acres of AG land with a future land use designation of Urban Medium Intensity (i.e. MH zoning +/- 519 sites) - strong development potential. Not included in the offering but available for sale separately. Asking price $6,857,000 or $51,950 per acre
- Ancillary businesses included - The offering includes four additional revenue-generating businesses providing a fully integrated, turnkey investment opportunity: retail homes sale company, home service department, in-house mortgage finance company, in-house insurance company
- Established communities - Built in the late 1990s, both communities feature well-kept home sites, mature landscaping, and a friendly neighborhood atmosphere - proven, stable assets
Investment highlights
Cushman & Wakefield Iowa Commercial Advisors Exclusively Offers:
- Prime Cedar Rapids location - Situated just off Highway 151 and Highway 30, providing easy access to employers, shopping, healthcare, and parks
- Large mobile home community - Two parks - Grand View Village & Summit View - totaling approximately 936 home sites across 207 acres
- Industrial warehouse - A 14,000 SF steel-frame warehouse and 2,100 SF post-frame warehouse on 2.15 acres with 6 drive-in doors, built in 2018, currently serving as the central maintenance facility
- Significant land holdings - Five parcels totaling 132.34 acres of AG land with a future land use designation of Urban Medium Intensity (i.e. MH zoning +/- 519 sites) - strong development potential. Not included in the offering but available for sale separately. Asking price $6,857,000 or $51,950 per acre
- Ancillary businesses included - The offering includes four additional revenue-generating businesses providing a fully integrated, turnkey investment opportunity: retail homes sale company, home service department, in-house mortgage finance company, in-house insurance company
- Established communities - Built in the late 1990s, both communities feature well-kept home sites, mature landscaping, and a friendly neighborhood atmosphere - proven, stable assets
Listing Contacts
Listed by Cushman & Wakefield - West Des Moines, Iowa, NAI Iowa Realty Commercial - Cedar Rapids, Cushman & Wakefield Iowa Commercial Advisors
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