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Mobile Home Park Finds Buyer in Brawley
Marcus & Millichap closed the sale of Malan Mobile Home Park, a 56-space manufactured home community located in Brawley. The asset sold for $3,049,500.
“Malan Mobile Home Park is well maintained with historical occupancy,” said Dustin B. Wilmer, VP investments in Marcus & Millichap’s San Diego Del Mar office. “This was a perfect fit for the buyer, who runs over 60 mobile home and RV parks. The park was well run by the previous owner and the incoming buyer plans to continue business as usual while making minor amenity additions.”
Wilmer and Douglas Danny, senior managing director investments in the San Diego Del Mar office, marketed the property on behalf of the seller, Malan LLC, who plans to now enjoy his retirement in Hawaii. The buyer, a private investor, was also procured by Danny and Wilmer.
“The 80% bonus depreciation offered in 2023 was a large motivating factor for the incoming buyer’s purchase,” said Wilmer.
- ◦Sale/Acquisition
