Photo of Mobile Home Park

Mobile Home Park Details

Purchase Method: Cash
Cap Rate: 9.0%
Listing ID: 555407
Posted On: Aug 22, 2015
Updated On: Dec 9, 2015

Description

* Opportunity to acquire a fully occupied park in an area with high housing demand just an hour from Denver International Airport.
*18 newer inventory homes are included in the sale.
* Each lot has city water, sewer and electric connections, individually metered and billed.
* The paved asphalt street includes sidewalks and off-street parking for all residents.
* Park has a garage and workshop facility.

Location

* Log Lane is conveniently located 80 miles northeast of Denver on Interstate 76, 55 miles east of Greeley and 150 miles northeast of Colorado Springs.
* The Niobrara Shale formation sits beneath the town of Log Lane, extending to Wyoming and Nebraska and is some of the most cost effective-shale oil to extract.
* Many shopping destinations are within driving distance of the property including Greeley Mall, a 50+ vendor facility anchored by Sears, JC Penney and Cinemark 12 Theater, and the Outlets at Loveland, a 328,824 square foot facility with 60+ vendors.
* Log Lane is minutes from Fort Morgan, the county seat and home to the county' s largest employers.
* Jackson Lake State Park is 20 miles from the community and offers camping, ATVing, biking, jet skiing, ice skating and more.
*The University of Northern Colorado is less than an hour from the property and offers 106 undergraduate programs and a 17:1 student to faculty ratio with an enrollment of over 12,000.
* Principal employers in the area include Cargill Meat Solutions, employing 2,104, Colorado Plains Medical Center, employing 370, Leprino Foods, employing 320 and Western Sugar, employing 225.

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