NEWS RELEASE 

FOR IMMEDIATE RELEASE      David K. Rogers
                                                            (909) 605-1800

MARCUS & MILLICHAP FACILITATES RECORD PRICE PER SPACE FOR A MOBILE HOME PARK IN LAS VEGAS

ONTARIO, Calif., January 31^st, 2006 - Marcus &
Millichap Real Estate Investment Brokerage Company, the nation's largest real estate investment brokerage firm, recently announced the sale of Cypress Gardens Mobile Home Park located in Las Vegas, Nevada. Setting a record price per space for a mobile home park in Las Vegas, the park totaling 131 spaces, commanded a sales price of $8 million with a 7.06 percent capitalization rate. David Rogers, Senior Director NMHCG, of Marcus & Millichap's Ontario office represented both buyer and seller.

Cypress Gardens Mobile Home Park, located just minutes from the Las Vegas Strip, has a pool, clubhouse, laundry facility, and playground. Built in 1988, the park sits on 12.42 acres and has a 97 percent occupancy rate. 

                With 38 offices and more than 800 investment professionals nationwide, Encino, Calif.-based Marcus & Millichap is the largest commercial real estate brokerage in the nation focusing exclusively on real estate investments. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry's most comprehensive research and analysis capabilities, state-of-the-art technology and established relationships with the largest pool of qualified investors nationally.

*  *  *

www.MarcusMillichap.com

Atlanta · Austin · Chicago · Chicago Downtown · Cincinnati · Cleveland · Columbus · Dallas · Denver · Detroit · Encino · Ft. Lauderdale ·

Houston · Indianapolis · Las Vegas · Los Angeles · Long Beach · Manhattan · Milwaukee · Newport Beach · New Haven · New Jersey ·

Ontario · Orlando · Palo Alto · Philadelphia · Phoenix · Portland · Sacramento · Salt Lake City · San Antonio · San Diego ·

San Francisco · Seattle · Tampa · Tucson · Washington, D.C. · West Los Angeles

David K. Rogers
Senior Associate / Senior Director
N.M.H.C.G.

Direct Phone     (909) 292-2325
Cell  Phone       (562) 879-0367
Main Fax          (909) 605-1832
Direct Fax        (909) 331-3902
E-Fax               (909) 937-8079