Contact Information

Kris Wessel

NAI Martens

Mobile Home Park Details

  • Price: $3,175,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Property ID: 1334183
  • Posted On: Oct 5, 2020
  • Updated On: Feb 18, 2021

Property Description

149-spaces in two MHC's, plus a 96-unit self-storage property, all located within three miles of one another. These two communities feature all public utilities, direct-billed to the residents. Lot rents are $225 per month, which significantly trails area properties - all surveyed were $300 or more. At 52.3% occupancy, there is also significant upside available through infill of additional homes. Nebraska broker of record - Drew Stange, CCIM, NAI FMA Realty.

Location

Located in Holdrege, Nebraska, which is just off of I-80, and only about 30 miles from Kearney, Nebraska. Holdrege has a healthy, diversified employment base, with eight employers of 150 or more, plus there are four feed lots located within five miles of the city.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 149
Total Occupancy: 52.3 %
Average MH Lot Rent: $225
Size: 34 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 5

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