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Florida & Gulf Coast  + Central Florida  + Senior Housing  |  August 25, 2020
David Cohen
By: David Cohen

Manufactured Home Community in Clearwater Trades for $10M

Marcus & Millichap has arranged the $10 million sale of Sunny Grove Mobile Home Community, a 120-space manufactured home community in Clearwater.

Located at 3463 Gulf Bay Blvd., the 55+ senior community is situated on the main thoroughfare in Clearwater. At the time of sale, the park was 98% occupied. It was acquired in conjunction with another seller owned community, the 88-space Far Horizons MHP, which is also located in Clearwater, that closed earlier this year.

Dan Mulkey of Marcus & Millichap’s Tampa office represented the seller, a private investor, in the transaction. The buyer was a nationally known real estate investment company.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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