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Oak Creek Hospitality Purchases Oak Creek Mobilodge From Creekfront Holdings LLC For $5.3M In Sedona

Property Image
SOLD
$5,300,000
Richard Butler
Lee Jeans

Arizona

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Manufactured Home
Sold 07/16/2024
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Property Image
SOLD

Oak Creek Hospitality Purchases Oak Creek Mobilodge From Creekfront Holdings LLC For $5.3M In Sedona

Sedona Road

See Similar Deals
Manufactured Home
Sold 07/16/2024
Richard Butler
Lee Jeans
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Manufactured Home
Transaction Type:Sale

The asset involved in this transaction is a manufactured home located at 1156 AZ-179 in Sedona, AZ. The property has been sold for a price of $5,300,000. It is part of Oak Creek Mobilodge, a manufactured home community catering to the housing needs in the area.

Summary of transaction details:

This transaction reflects the involvement of Oak Creek Hospitality as the purchaser, represented by Lee Jeans from Coldwell Banker. The seller, Creekfront Holdings LLC, was represented by Richard Butler from Marcus & Millichap, facilitating the transfer of the property in the Sedona market.

Players

Richard Butler
Marcus & Millichap
Richard Butler
2 deals$12.8M volume(602) 687-6782
BROKER
Lee Jeans
Coldwell Banker
Lee Jeans
1 deal$5.3M volume(928) 274-8250
BROKER

Details

SOLD
IMAGE: 07/16/2024 ADDRESS: 1156 AZ-179 MARKET: Sedona, AZ ASSET TYPE: Manufactured Home BUYER: Oak Creek Hospitality SELLER: Creekfront Holdings LLC BUYER'S REP: Lee Jeans - Coldwell Banker SELLER'S REP: Richard Butler - Marcus & Millichap SALE PRICE: $5,300,000 NOTE: Oak Creek Hospitality has purchased Oak Creek Mobilodge, a manufactured home community in Sedona, from Creekfront Holdings LLC for $5.3 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$282,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45