Updated Dec 4, 2024
Oak Creek Hospitality Purchases Oak Creek Mobilodge From Creekfront Holdings LLC For $5.3M In Sedona
Sedona Road
$5,300,000
Building Size
—
Asset Type
Manufactured Home
Closing
Jul 16, 2024
About this deal
AI
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:
- Property Type: Manufactured Home
- Transaction Amount: $5,300,000
- Buyer: Oak Creek Hospitality
- Seller: Creekfront Holdings LLC
- Buyer's Representative: Lee Jeans - Coldwell Banker
- Seller's Representative: Richard Butler - Marcus & Millichap
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
Sedona Manufactured Home Market Snapshot
Boundary boundary · Manufactured Home · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93