Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1144058
  • Posted On: Oct 10, 2019
  • Updated On: Dec 10, 2019

Property Description

Marcus & Millichap has been selected to exclusively market for sale North Pointe Manufactured Housing Community, a 25 space MHC of 1998 construction with expansion and development potential to increase the communitys space count to a total of 101 manufactured housing spaces. The developed portion of the community features municipal water and sewer, newly sealed asphalt roads, and large spaces that can accommodate both single wide and double wide homes. Of the 25 spaces currently in the community, 21 are occupied by tenants consisting of 7 double wide homes and 14 single wide homes with an average home age of 1994. Of the 21 occupied spaces in the community, 19 are park owned homes, all of which are in excellent condition. North Pointe sits on a single parcel totaling 15.06 acres with over 1000 ft. of frontage along Highway 17 in the north central portion of the city.

North Pointes location offers tenants immediate proximity to local attractions and economic drivers including Walmart Supercenter, Grant County International Airport, The Moses Lake Town Center, Grant County Fairgrounds, and Big Bend Community College which enrolls approximately 4,000 students.

The owners of North Pointe have completed extensive feasibility for the three expansion phases of the community, which totals an additional 76 home sites. All three phases of the development portion of the property have gone through entitlement. Phase I of the development portion of the property consists of 30 spaces and is shovel ready, a buyer of North Pointe can expect permits for Phase I of the development to be delivered with purchase at closing.

Moses Lake is the largest city within the Grant County area, and has developed into a diverse regional employment center. Since 2010 Moses Lake as seen a population increase of 5.78% and is projected to continue growth by an additional 4.39% by the year 2024 per the Port of Moses Lake. Industries including agriculture & food production, technology, aerospace, and advanced manufacturing have continued to flourish in recent years due to factors including proximity along the I-90 corridor, a high speed fiber optic network, and an international airport. As a result of increasing population and economic development, affordable housing has continued to be in high demand.

Grant County also offers one of the lowest electricity rates in the nation due to its proximity to renewable hydroelectricity, as a result global and national companies have entered the marketplace and demand continues to grow. Notable companies that have entered the Grant County marketplace in recent years include Dell, intuit, Microsoft, Sabey, Yahoo!, AeroTech & Mitsubishi Aircraft Corporation, Genie industries Inc., Verizon, National Frozen Foods, and International Paper among others.

Purchase Price does not include POH inventory. Please call Agents for more information.

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Park Information

Community Type: All Age
Year Built: 1989
Size: 15 acre(s)

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