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PRESS RELEASES
| MARCH 25, 2008 |
OWNER SEEKS NEW LOAN TO COMPLETE PARK REMODEL
The Refinance of a San Bernardino County mobile home park was completed on March 25, 2008 for $4,200,000 with a regional portfolio lender. Vince Reynolds and Norman Sangalang of MHRV Advisors acted as brokers for this new mobile home park loan.
...read more |
| FEBRUARY 12, 2008 |
MHRV ADVISORS SELLS FOUR 55+ MOBILE HOME AND RV PARKS IN FIVE MONTHS
The sale of a Yuma County mobile home park and was completed on February 12, 2008 for $2,400,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented both parties in the sale of this mobile home park.
This clean senior mobile home park was built in the 1970’s. The park has 91 mobile home spaces, 7 of those are smaller “RV Size” mobile home spaces. There are 23 vacant spaces in a market area that is above 95% occupancy and parks on both sides of Mesa Terrace have higher rents. Amenities at the park include a pool, clubhouse, laundry, shuffleboard and wide spacious streets. ...read more |
| JANUARY 3, 2008 |
NEWER 55+ MOBILE HOME AND RV PARK SOLD WITH ABOVE MARKET CASH FLOW
The sale of a Pinal County mobile home park and RV park was completed on January 3, 2008 for $3,900,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the seller in the sale of this mobile home and RV park.
This newer mobile home park and RV park was built overtime from 2000 to 2006. 2006 was the first year it was fully operational. The park has 152 RV spaces and 62 mobile home sites. The RV section was 100% full in 2007 and is 100% reserved for the 2008 season. The mobile home section has 25 vacancies. In the last two years the seller has put all of his effort into filling the RV side of the business and increasing park model occupancy. ...read more |
| NOVEMBER 9, 2007 |
NO RENT CONTROL, 55+, SOUTHERN CALIFORNIA - RARELY MAKE IT TO THE MARKET
The sale of a 55+ San Bernardino Mobile Home Park was completed on November 9, 2007 for $3,300,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented both parties for the sale of this mobile home park.
The park is situated on approximately 6.8 acres permitted for 68 mobile home spaces. Amenities at the park include an office, clubhouse, pool, spa and laundry room. The sale of this mobile home park includes 7 park owned homes of which most are not being charged a home rental fee above the base space rent. The base space rent is below market at $330, with water and trash included. Electricity and gas are sub-metered to the tenants. The park is serviced by city water and city sewer. ...read more |
| SEPTEMBER 19, 2007 |
RARE 55+ MH & RV PARK SOLD IN YUMA, AZ
The sale of Chaparral Mobile Home & RV park in Yuma, Arizona was completed on September 19, 2007 for $1,960,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented both parties in this transaction.
The park consists of 63 spaces (51 Mobile Home spaces & 12 RV spaces) situated on approximately 5 acres. The mobile home spaces include 34 singlewide and 16 doublewide homes. All of the 12 RV spaces are rented on an annual or seasonal basis. The sale included 5 park owned homes + a managers residence. The park owned homes are rented by snowbirds for the 6 month season....read more |
| FALL, 2006 |
MHRV ADVISORS SECURES PARK OWNERS FUTURE AND ENABLES ACQUSITION
MHRV Advisors has arranged three new mobile home park loans for a private investor. Two of the loans were fixed rate with cash out refinancing and the third was acquisition financing for a mobile home park purchase....read more |
| NOVEMBER 22, 2006 |
RECENTLY RENOVATED PARK IN EXPANDING MARKET
The sale of Santa Fe Palms Mobile Home Community located at 330 Palm Canyon Drive in Borrego Springs, California (San Diego County) was completed on November 22, 2006 for $900,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Seller in this transaction. The park consists of 26 Mobile Home spaces and 1 site for a SFR or managers residence on 3.22 acres and is serviced by the local water district and city sewer. The park is located in the expanding retirement community of Borrego Springs, located in Northeast San Diego County. As the senior market and San Diego population continue to grow the Anza-Borrego region is predicted to be one of the largest areas of percentage growth by SANDAG (San Diego Association of Governments) The park was built in 1998 and went through a $300,000 rehab in 2005. Amenities includes an office/ clubhouse and resort style pool....read more |
| JUNE 1, 2006 |
BIG BEAR IS A BOOMING SECOND HOME MARKET
The sale of Trails End Mobile Home Community located at 475 Thrush Drive Big Bear Lake, California (San Bernardino County) was completed on June 1, 2006 for $3,700,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Seller in this transaction. The park is made up of 72 mobile home spaces near the center of the tourist town, Big Bear Lake. The 72 units consist of all clean mobile home spaces which are serviced by city water and sewer services. Amenities include a laundry facility, park office and a work shed. The average space rent is $421.25 with all utilities sub-metered or paid for by the tenants....read more |
| APRIL 6, 2006 |
BUYER SEES YEAR ROUND OPPORTUNITY IN BIG BEAR
The sale of Lakeview Pines Mobile Home Park located at 39609 Big Bear Lake Boulevard Big Bear Lake, California (San Bernardino County) was completed on April 6, 2006 for $2,695,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Seller in this transaction. The park is clean with mostly mobile home and few RV spaces located in the resort town of Big Bear Lake. The 70 units consist of 50 Mobile Home + 18 RV Spaces, a 3BD/1BA house and a 2BD/1BA cabin. Amenities include an office, rec hall and laundry facility. The average mobile home space rent is $439 with all utilities passed through to the residents. 6 park owned homes were included in the sale....read more |
| MARCH, 2006 |
ANOTHER SAN DIEGO COUNTY PARK SOLD BY MHRV
The sale of Barrett Lake Mobile Home & RV Park located at 1250 Barrett Lake Rd in Dulzura, California (San Diego County) was completed on March 6, 2006 for $4,100,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Seller in this transaction. The park consists of 81 mobile home spaces and 10 recreational vehicle spaces (91 total units). The property is situated on 107 acres and is serviced by well water and a septic system. Space rents ranged from $370 to $430. Electric, water and propane are sub metered, and trash is billed at $6.35 per space....read more |
| JANUARY 3, 2006 |
CLEAN SENIOR MH & RV PARK SELLS IN EASTERN SAN DIEGO COUNTY
The sale of Holiday Home Mobile Home & RV Park located at 349-351 Palm Canyon Drive - Borrego Springs, California (San Diego) was completed in January of 2006 for $1,675,000. The buyer placed new financing of $1,100,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Seller in this transaction. The Park is a very clean Senior park located on the Eastern border of San Diego County. The park consists of 78 total spaces(37 mobile home & 41 RV + 3 Park Owned Homes) situated on 6.02 acres serviced by city water and a septic sewer system. The park has sub-metered electric, water and propane. Amenities at the park include a pool, RV Storage and restaurant right next door. Average space rents were $289 for mobile home spaces and $275 for RV spaces at time of sale....read more |
| DECEMBER 15, 2005 |
FIVE STAR SENIOR PARK SELLS FOR $600,000 OVER LIST PRICE AND CLOSES IN 60 DAYS
The sale of Wildwood Hills 55+ Mobile Home Community located at 2401 W. Highway 66 in Flagstaff, Arizona (Coconino) was completed on December 15, 2005 for $6,600,000. The buyer placed new financing of $2,260,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Seller in this transaction. The park consists of 104 mobile home spaces situated on 18 acres serviced by city water and city sewer and direct billed for gas and electric. Many of the spaces have singlewide homes but can accommodate doublewides homes. Amenities at the park include a pool, spa, changing rooms, maintenance garage, storage lot, clubhouse with workout room and basketball court....read more |
| NOVEMBER, 2005 |
RARE SAN DIEGO COUNTY PARK SALES - OAK GLEN VILLAGE Mobile Home Park
The sale of Oak Glen Village Mobile Home Park located at 15105 Olde Highway 80 in El Cajon, California (San Diego County) was completed in November of 2005 for $875,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Buyer and Seller in this transaction. The park consists of 15 mobile home spaces and 1 SFR (16 total units). The property is situated on 2.28 acres and is serviced by city water and city sewer. Average space rents are at $450. Electric and Sewer fees are passed through to the tenants, and the park pays water and trash. The park was 100% occupied during the time of the sale....read more |
| OCTOBER 31, 2005 |
BUYER SEES UPSIDE FROM VACANT SPACES IN BOOMING MARKETPLACE
The sale of Melody & Mountain View Mobile Home Parks located at 12688 - 12726 California Street in Yucaipa, California (San Bernardino County) was completed on October 31, 2005 for $2,900,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Seller in this transaction. The park consists of 107 mobile home spaces and a 2 bedroom SFR (108 total units). The property is situated on 10.5 acres and is serviced by city water and city sewer. The parks are adjacent to each other and essentially operated as one property. Amenities at the park include a laundry facility, pool and clubhouse....read more |
| APRIL 20, 2005 |
STABLE CASH FLOW PARK SELLS IN 40 DAYS AT FULL PRICE
The sale of Casitas Mobile Home Park located at 8951 Nye Road in Ventura, California (Ventura County) was completed on April 20, 2005 for $1,300,000. The buyer assumed the existing seller financing of $450,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Seller in this transaction. The park consists of 36 mobile home spaces and apartment units (37 total units). The property is situated on 2.21 acres and is serviced by city water and a septic system. Most spaces accommodate singlewide homes with a few doublewides spaces. Amenities at the park include a laundry facility, storage and office....read more |
| APRIL 18, 2005 |
RIVERFRONT RV PARK IS PRIMED FOR UPSIDE
The sale Lindy's Landing Campground and RV Park located at 41920 Road 38 in Reedley, California (Fresno County) was completed on April 18, 2005 for $950,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Seller in this transaction. The park consists of over 110 RV and tent sites. The property is located on the banks of the Kings River with just over 20 acres of useable land. The park has approximately 12 full-hookup RV spaces and the rest have water and electric or just water....read more |
| JANUARY 12, 2005 |
DESERT HOT SPRINGS IS BACK! EXPANSION POTENTIAL IN A STRENGTHENING MARKET
The sale of La Posada Mobile Home Park located at 17555 Corkill Road in Desert Hot Springs, California (Riverside County) was completed on January 12, 2005 for $1,400,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Buyer and Seller in this transaction. The park consists of 49 mobile home spaces and 4 apartment units (53 total units). Space and plans exist to add another 18 mobile home spaces. The property is situated on 9.18 acres and is serviced by city water and a septic system. Most spaces will accommodate doublewides homes....read more |
| DECEMBER 30, 2004 |
UNREPLACEABLE LOCATION, YEAR ROUND OCCUPANCY
The sale of Riverland Resort in the Parker Strip region of Earp, California (San Bernardino County) was completed on December 30, 2004 for $3,000,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Seller in this transaction. The park consists of 128 spaces, 64 Mobile Home spaces and 64 extended stay RV spaces (38 riverfront RV spaces) situated on approximately 12.5 acres with covered and open boat and RV storage. There is also a small marina and fueling dock allowing direct access to the Colorado River. The park has several amenities that include a recreation hall, storage building, restrooms and laundry facilities....read more |
| OCTOBER 22, 2004 |
OPPORTUNITY FOR MULTIPLE NEW HOMES SALES FUELS PURCHASE
The sale of Palo Verde Mobile Home Community located at 330 Palm Canyon Drive in Borrego Springs, CA 91923 (San Diego County) was completed on October 22, 2004 for $770,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Buyer and Seller in this transaction. The park consists of 26 mobile home spaces and a pad for a traditional single family home. The property is situated on 3.22 acres and is serviced by the local water district and city sewer. The park is located in the retirement community of Borrego Springs in Northeast San Diego County....read more |
| MARCH 26, 2004 |
IMMPECABLE PARK, BOOMING MARKETPLACE, EXPENSIVE DEAL
The sale of Tucalota Springs RV Resort located at 41601 E Benton Road in Sage, California (Riverside County) was completed on March 26, 2004 for $1,900,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Buyer and Seller in this transaction. The park consists of 80 full hook RV spaces with ample room for additional tent camping. Amenities include pool, clubhouse, laundry facility and onsite store. The property is situated on 66 acres and is serviced by well water and septic sewer....read more |
| MARCH 19, 2004 |
SMALLER PARK SELLS FOR STRONG VALUE AND BUYER FINDS GOOD CASH FLOW
The sale of Vita Springs Senior Mobile Home Park located at 13838 Highway 94 (Campo Road) in Jamul, California 91935 (San Diego County) was completed on March 19, 2004 for $657,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Buyer and Seller in this transaction. The park consists of 17 mobile home spaces and a 1 bedroom, 1 bath house. The property is situated on 4.68 acres and is serviced by city water and septic system. There was an additional 3.63 acres that sold with a portion of that land being used for the leach fields. The park is located near the fast growing communities of Rancho San Diego and East Chula Vista....read more |
| NOVEMBER 24, 2003 |
DIFFICULT LOAN PAYOFF & PENALTY LEADS TO CREATIVE DEAL STRUCTURE
The sale of Mountain Valley Villas Mobile Home Community located at 21821 Sandia Road in Apple Valley, California (San Bernardino County) was completed on November 24, 2003 for $2,700,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Buyer in this transaction. MHRV Advisors also represented the Buyer in obtain the new loan of $1.85 million fixed at 6.25% for 5 years, fully amortized over 30 years....read more |
| OCTOBER, 2003 |
MHRV FINDS LENDER THAT IS COMFORTABLE WITH 2ND NOTE AND DEED ON A OLD SINGLEWIDE AND TRAVEL TRAILER PARK
Blue Skies Mobile Home Park located at 34220 Cheeseboro Road, Palmdale, California obtained a new 2nd note and trust deed of $110,000. Vince Reynolds and Norman Sangalang of MHRV Advisors arranged the new financing for the owner. Blue Skies is a 1 Star MHP located on approximately 20 acres in NE Los Angeles County (Palmdale). The 20 space park consists primarily of old singlewides and travel trailers with 8 park owned homes....read more |
| OCTOBER 1, 2003 |
NEW CENTRAL COAST RV PARK SELLS AT DISCOUNT DUE TO POOR MANAGMENT
The sale of the Paso Robles RV Ranch located at 398 Exline Road in Paso Robles, California (San Luis Obispo) was completed on October 1, 2003 for $1,780,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented both parties in this transaction. The park was built in 2000 and consist of 80 full hook-up RV spaces and a ranch style 3 bedroom 2 bath home. The property is situated on 5.65 acres serviced by well water and septic. The park is ideally located just off Highway 101 with excellent highway visibility....read more |
| SEPTEMBER 30, 2003 |
INFILL VEGAS MHC SELLS FOR $30,814 SITE
The sale of the Arrow Palms Mobile Home Park located at 543 N. Lamb Blvd., Las Vegas, Nevada closed on September 30, 2003 for $2,650,000. Vince Reynolds and Norman Sangalang of MHRV Advisors and John Grant of Park Brokerage Inc. represented the buyer and seller in the sale. The all ages manufactured housing community was built in 1971 and contains 86 mobile home sites on 9.48 acres. The community contains approximately 75% single section homes and 25% multisection homes. Amenities include a 3,500 S.F. clubhouse with two offices, rec. hall, kitchen, and a pool and spa....read more |
| MAY 15, 2003 |
RIVERFRONT PARK SELLS FOR $36,000 PER SPACE
The sale of the Lonesome Cove Mobile Home Park located at 3720 Highway 95, Parker, Arizona was completed on May 15, 2003. Vince Reynolds and Norman Sangalang of MHRV Advisors represented the buyer and the seller in the sale. The all ages community was built in the 40's and 50's and has 41 sites and a small laundry facility. It is an older park in good condition. There is a mix of doublewide and singlewide homes. The park is situated on 4.5 acres and has launch ramp and dock facilities. The community is serviced by city water and has septic sewer systems....read more |
| FEBRUARY 28, 2003 |
INVESTOR SNAPS UP OLD TRAILER PARK WITH HIGH CASH FLOW
The sale of the Eastern Mobile Home Park located at 213 El Cajon Blvd., El Cajon, California, closed February 28, 2003 for $1,000,000. John Grant of Park Brokerage Inc., Vince Reynolds and Norman Sangalang of MHRV Advisors represented the Seller and Marcus and Millichap represented the Buyer. Eastern Mobile Home Park is an older, 33 space mobile home park with 100% permanent travel trailers and RV's. The spaces can not accommodate RV's longer than 25 feet. The property also has a 2 bedroom/1 bath house. 18 rental RV's were included in the purchase price....read more |
| JANUARY 25, 2003 |
NEW OWNERS HAVE CHANGE IN STORE FOR RECENTLY REBUILT RV PARK
The sale of the Cherry Valley RV Park (formally known as Oak Valley RV Park) located at 36805 Brookside Ave., Beaumont (Cherry Valley), California was completed on January 25th, 2003 for $1,250,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented both parties in this transaction. The park was built in the mid 1970's and consists of 100 full hook-up RV spaces with 76 pull-thrus & several tent sites. The property is situated on 9.74 acres, .22 acres for the well and some additional acreage for future expansion. The park was completely renovated by the Seller prior to sale and the Buyers plans include converting the property into a membership RV park....read more |
| SEPTEMBER 9, 2002 |
SMALL PARK SELLS - A GREAT VALUE FOR BOTH BUYER AND SELLER
The sale of the Colton Trailer Park and SFR Combo located at 574-584 East H Street, Colton, California was completed on September 9th, 2002 for $192,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented both parties in this transaction. The park consists of 10 trailer spaces and a 3bd/2ba SFR. Both home and park were older and in need of repairs and upgrades. The property is situated on a total of 0.35 acres. The Buyer intends to replace the aging electrical system and renovate other aspects of the home and park as well as fill the vacant spaces....read more |
| MAY 21, 2002 |
BUYER TO TACKLE TOUGH RENT CONTROL
The sale of the Vista del Loma Mobile Estates located at 20600 S. Main Street, Carson (Los Angeles area), California was completed on May 21, 2002. John Grant of Park Brokerage Inc. and Vince Reynolds of MHRV Advisors represented the buyer and the seller in the sale. The all ages community was built in 1974 and has 86 sites. It is a high quality, four star community with all doublewide homes, clubhouse, pool, spa, RV storage, laundry, and gated entry....read more |
| OCTOBER 19, 2001 |
GREAT MARKET AND LOW RENTS SPELL LONG TERM SUCCESS
The sale of the Bonanza Terrace RV Park located at 4800 Stoltz Road, Reno, Nevada was completed on October 19, 2001 for $1,000,000. Vince Reynolds and Norman Sangalang of MHRV Advisors and John Grant of Park Brokerage Inc represented the seller in this transaction. The RV Park was built in the 1979 and contains 79 full hook-up RV spaces with a small area for the possible addition of a few more spaces. The property is situated on 4.75 acres. The monthly rental rate at the park is $300 to $325. The daily rate is $20 and the weekly rate is $92....read more |
| JULY 13, 2001 |
NEW OWNERS SEE POTENIAL IN UNDER PERFORMING RV PARK
The sale of the El Rancho Brookside RV Park located at 36805 Brookside Ave., Beaumont (Cherry Valley), California was completed on July 13, 2001 for $1,000,000. Vince Reynolds and Norman Sangalang of MHRV Advisors represented both parties in this transaction. The park was built in the mid 1970's and contains 100 full hook-up RV spaces with 76 pull-thrus & several tent sites. The property is situated on 9.74 acres, .22 acres for the well and some additional acreage for future expansion. The monthly rate at the park was $246.75 and the daily rate was $18. The park had over 30 permanent residents at the time of sale....read more |
| JULY 12, 2001 |
TWO STAR PARKS IN SAN BERNARDINO AND RIVERSIDE COUNTY
OBTAIN 8.5% AND 8.75% FINANCING
Siesta Mobile Home Park located at 26122 Baseline Street, Highland, California obtained new financing of $360,000 and South Mesa Mobile Home Park located at 763 West Avenue "I", Calimesa, California obtained new financing of $375,000. Vince Reynolds and Norman Sangalang of MHRV Advisors arranged the new financing for the owners. The owner was seeking to pay-off mortgages that were coming due as well as obtain better interest rates....read more |
| NOVEMBER 20, 2000 |
BUYER SEEKS UPSIDE IN HIGH DESERT
The sale of the Camelot Mobile Home Park located at 22020 Nisqually Road in Apple Valley, California was completed on November 20, 2000 for $1,400,000. John Grant of Park Brokerage Inc. and Vince Reynolds and Norman Sangalang of MHRV Advisors represented the seller in the transaction. The all ages community was built in 1988 and has 76 large doublewide mobile home spaces. The community is considered a four star mobile home park and includes a pool and clubhouse....read more |
| OCTOBER 2, 2000 |
NEWER PARK IN GROWING AREA PRESENTS EXCELLENT OPPORTUNITY
The sale of the El Rodeo Villas Mobile Home Park at 2066 El Rodeo Road, Bullhead City, Arizona was completed October 2, 2000 for $1,075,000. Vince Reynolds of MHRV Advisors and John Grant of Park Brokerage Inc. represented the seller in the transaction. The five star, all ages community consists of 73 mobile home spaces and a 2-bedroom apartment. Included in the sale price were four newer manufactured homes and one park model. The park was built in 1993 and has large sites, a modern clubhouse with an office and kitchen, 20x40 pool, spa and security entrance....read more |
| JULY 26, 2000 |
A GREAT RENTAL MARKET OVERSHADOWS TOUGH RENT CONTROL
The sale of the Westwinds Mobile Home Park at 1411-15 Pine Street was completed July 26, 2000 for $2.0 million. Vince Reynolds of MHRV Advisors and John Grant of Park Brokerage Inc. represented both parties in the transaction. The all ages community consists of 66 mobile home spaces, a 3-bedroom/2-bath house, 2-bedroom/1-bath apartment, and 34 older, rental mobile homes. The park is located on 4.53 acres and contains mostly singlewide mobile homes. Amenities include a recreation room, pool, and laundry....read more |
| MARCH 10, 2000 |
CLEAN RV PARK WITH SELLER FINANCING IN BOOMING MARKET
PROVIDES FOR AN EXCELLENT COMBINATION
The sale of the Foothill Village RV Park located at 12705 S. Frontage in Yuma, Arizona was completed on March 9, 2000, for $1,750,000. John Grant of Park Brokerage Inc. and Vince Reynolds of MHRV Advisors represented both parties in the transaction. The park was built in 1978 and contains 180 full hook-up RV spaces. The property is located on approximately 7.0 acres of land. The park contains 100 annual tenants with balance being seasonal and monthly tenants....read more |
| MARCH 1, 2000 |
YUMA'S PREMIER FIVE STAR RV PARK CHANGES HANDS
The sale of the Araby Acres RV Resort located at 6649 East Highway 80 - in Yuma, Arizona was completed on February 29, 2000, for $5,150,000. Vince Reynolds and Norman Sangalang of MHRV Advisors and John Grant of Park Brokerage Inc. represented both parties in the transaction. The park was built in 1985 and contains 338 full hook-up RV spaces with concrete pads. The property is located on 25 acres. The park contains 270 annual park model residents, 54 seasonal/monthly residents and 14 pull thru RV spaces....read more |
| FEBRUARY 25, 2000 |
SELLER BARRED FROM USING BANKRUPTCY TO BACK OUT OF DEAL
The sale of the Rancho Vallecitos Mobile Home Park located at 3535 Linda Vista Drive in San Marcos, California was completed on February 25, 2000 for $11,500,000. John Grant of Park Brokerage Inc. and Vince Reynolds of MHRV Advisors represented the buyer in the transaction. The 55+, senior community was built in 1972 and 1975. The mobile home park contains 340 doublewide and triplewide spaces and is considered "five star". The community is situated at the top of a hill on 55 acres, and many of the spaces have ocean view....read more |
| FEBRUARY 4, 2000 |
CONVENTIONAL RV PARK OWNER ENTERS MEMBERSHIP ARENA
The sale of the Ocean Canyon RV Resort-Avila Beach located at 7075 Ontario Road, San Luis Obispo, California closed on February 4, 2000 for $1,800,000. John Grant of Park Brokerage Inc. and Vince Reynolds of MHRV Advisors represented the Seller in the transaction. Ocean Canyon RV Resort is located on California's exclusive central coast. Few quality RV resorts exist because of high land costs and anti-growth attitudes. The resort is adjacent to Highway 101 and three miles from the town of Avila Beach. Ocean Canyon is a private membership RV park with approximately 1,896 active members...read more |
| AUGUST 19, 1999 |
NATIONWIDE MEMBERSHIP RV PARK COMPANY ADDS TO PORTFOLIO
The sale of the Ocean Canyon RV Resort-Ramona located at 24340 Highway 78 in Ramona, California closed on August 19, 1999 for $1,850,000. John Grant of Park Brokerage Inc. and Vince Reynolds of MHRV Advisors represented both parties in the transaction. Ocean Canyon Resort is located in the foothills of mid-San Diego County, approximately 40 miles from the Pacific Ocean. Ocean Canyon RV Resort is a private membership RV park with approximately 2,487 active members with dues ranging from $160-$400/year with the average at $310....read more |
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