Updated Dec 4, 2024
Comfort Communities Acquires Flamingo Mobile Home Park In Glendale For $12.9M
5002 West Bethany Home Road
$12,900,000
Units
107
Asset Type
Mobile Home
Closing
Nov 3, 2023
About this deal
AI
Comfort Communities has acquired the Flamingo Mobile Home Park, a manufactured housing community in Glendale, Arizona. The property is located at 5002 West Bethany Home Road and spans over 10 acres. The transaction took place on November 3, 2023.
Summary of transaction details
- Property Type: Mobile Home
- Transaction Amount: $12,900,000
- Number of Units: 107
- Price per Unit: $120,561
- Market: Glendale, AZ
- Buyer: Jennifer Comfort - Comfort Communities
- Seller: Mark Roady - MAR Communities
Jennifer Comfort, from Comfort Communities, was the buyer in this transaction. Mark Roady, representing MAR Communities, served as the seller's representative. The acquisition of the Flamingo Mobile Home Park by Comfort Communities was completed for a total price of $12.9 million.
On the Map
$12,900,000
Mobile Home
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Players
Glendale Mobile Home Market Snapshot
Boundary boundary · Mobile Home · Sale transactions
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Deal FAQ
About $120.6K per unit across 107 units on a published $12.9M (2023).
Browse Glendale mobile home sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93