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Stonewood & Lone Oak: Two MH Communities 2 Properties Offered at $10,995,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Great Locations near I-84 in La Grande and I-205 in Milwaukie
- Excellent Investment Opportunity
- Recreational Hall at Stonewood with Outdoor Pool
EXECUTIVE SUMMARY
Sterling Properties Real Estate Services, as the exclusive advisor, has been retained to offer the opportunity to acquire two Manufactured Housing Communities in Oregon. Stonewood Mobile Home Park and Lone Oak Trailer Court (the "Portfolio"), consists of a 103 space community in La Grande and a 20 space community in Milwaukie. Both properties are in excellent locations, Stonewood is right off of I-84 in La Grande and Lone Oak is near I-205 in Milwaukie. The Portfolio consists of 123 total space. Stonewood has sub-metered water utilities installed in 2018 with a wireless monitoring system, Rec Hall for the tenants to use as well as an outdoor pool for the summer months. Lone Oak consists of 18 mobile home lots and a duplex.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $10,995,000 | Number of Properties | 2 |
| Price / SF | $59.43 / SF | Individually For Sale | 0 |
| Cap Rate | 5.26% | Total Building Size | 185,000 SF |
| Sale Type | Investment | Total Land Area | 16.32 AC |
| Status | Active |
| Price | $10,995,000 |
| Price / SF | $59.43 / SF |
| Cap Rate | 5.26% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 185,000 SF |
| Total Land Area | 16.32 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1809 26th St, La Grande, OR 97850 | Multifamily | 125,000 SF | 1918 | - |
|
Lone Oak Trailer Court
6803-6823 SE Mabel Ave, Milwaukie, OR 97267 |
Specialty | 60,000 SF | 1955 | - |
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Stonewood & Lone Oak: Two MH Communities
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