Manufactured-home park sold in Arizona

Sale includes several vacant homes

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Marcus & Millichap negotiated the sale of a four-star Senior Manufactured Home Park in Phoenix, Ariz. The value of the transaction was $17.8 million. An Orange County, Calif.-based multicommunity operator purchased the property from an undisclosed seller. The park is fully amenitized, has ground-set homes, was 94 percent occupied at the time of sale, and the price included 20 vacant, park-owned homes. The density is 15.6 sites per acre and the total lot size is 19.5 acres. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....