Shady Grove Case Summary
Rulon, Thank you for taking my call. Your property is certainly a great opportunity, especially in this market. I have attached the Shady Grove Flyer for you to review. As we discussed, Shady Grove was our team’s most recent of 4 mobile home parks sold – more than any other active brokerage team. Although Shady Grove was not explicitly sold as a redevelopment opportunity, we were still able to take advantage of a strong market and close within 30 days. Our other attached properties were, however, redevelopment opportunities and include the following: • Applewood Park: Included 56 pads, 1 home, 2 apartments, an office and large garage with additional outdoor storage in Midvale with TOD zoning. • Whisperwood Mobile Home Park: 30 pad park on 4.04 acres built 1990 also in Midvale. • Tradewinds Mobile Home Park: 35 pads on 1.80 acres located in Bountiful. …show more content…
That means our experience in underwriting investment and redevelopment grade property for our clients has given us better optics into the market than anybody. We would like to take a look at anything you have in terms of rent rolls, P&L, proforma, and other financials for Centerville Mobile Home Park if available, so we can analyze current income and expenses to determine the value as a mobile home park in today’s market. By looking at the current market value, we can do a parallel analysis of what it is worth as redevelopment ground and use our apartment knowledge to maximize the value of your property on an as-is
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