Contact Information

Anja Jauregui

Jones Lang LaSalle

CONTACT BROKER

Price: $1,000,000
Cap Rate: 6.5% (Actual)
Listing ID: 6868756
Posted On: Apr 14, 2025
Updated On: Apr 14, 2025

Description

JLL, as the exclusive advisor, is pleased to present the opportunity to acquire Clallam Bay MHP (the "Property"). This well-maintained 3.6-acre manufactured housing community in Clallam, WA, features 13 sites, all with park-owned homes and currently boasts an 85% occupancy rate. Recent capital improvements include new waterlines and water meters for tenant usage billing, enhancing the property's infrastructure.
The community's historical stability is evident through its consistently high occupancy and a waiting list of potential residents. Most notably, with the current average lot rent of $730 sitting approximately 15% below the local market rate, the Property offers significant upside potential for rental growth. This combination of stable occupancy, recent upgrades, and growth potential positions the Property as an attractive addition to investors seeking value and returns in the manufactured housing sector.

Location

Clallam County
Situated in the northwestern corner of Washington State on the Olympic Peninsula, offers a unique blend of natural beauty and small-town charm that draws visitors from far and wide. Stretching from the Pacific Ocean to the Strait of Juan de Fuca, the county boasts diverse landscapes including rugged coastlines, lush rainforests, and the Olympic Mountains. This natural splendor, combined with a mild maritime climate, provides residents with year-round outdoor recreational opportunities ranging from hiking in Olympic National Park to beachcombing along 200 miles of coastline. The quality of life in Clallam County is enhanced by its small, friendly communities like Port Angeles and Sequim, which offer essential amenities while maintaining a small-town atmosphere.
The area's affordability compared to nearby urban centers, low crime rates, and access to quality healthcare at Olympic Medical Center make it particularly attractive to retirees and families. Additionally, the county's rich Native American heritage, cultural attractions, and diverse economic opportunities in healthcare, tourism, and small businesses contribute to its appeal. The combination of natural beauty, community spirit, and economic factors creates an environment that balances rural living and modern conveniences, making Clallam County a desirable destination for nature lovers, retirees, and individuals looking for a high quality of life in a scenic, peaceful setting.

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