Harmony Communities Acquires Manufactured Housing Asset In Butte Valley, CA For $11.45M
SOLD
$11,450,000
California
See Similar DealsOther
Sold 10/28/2022
SOLD
Harmony Communities Acquires Manufactured Housing Asset In Butte Valley, CA For $11.45M
2920 Clark Road, Butte Valley, California 95965, United States
See Similar DealsOther
Sold 10/28/2022
Summary
CALIFORNIA
Asset Type:Other
Transaction Type:Sale
A manufactured housing property located at 2920 Clark Rd in Butte Valley, CA has been sold in a transaction. The property, consisting of 138 units, was purchased by Harmony Communities from Three Pillar Communities. The sale was facilitated by brokers Jeff Benson and Sam Neumark from Northmarq. The transaction took place on October 28, 2022.
Summary of transaction details:
- Property Type: Manufactured Housing
- Transaction Amount: $11,450,000
- Address: 2920 Clark Rd, Butte Valley, CA
- Market: Butte Valley, CA
Jeff Benson and Sam Neumark from Northmarq represented Harmony Communities as their brokers in the deal. The sale price of the property amounted to $11,450,000, with a per unit price of $82,971.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$610,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,679.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,278.84
Annual Debt Service$651,346.10
Is there something missing? Send suggestions