Three Pillars Communities Sells Manufactured Housing In Tulare For $10.2M
560 West Pleasant Avenue, Tulare, California 93274, United States
$10,200,000
$26/SF
Building Size
387,684 SF
Asset Type
Other
Closing
Dec 22, 2021
AI
The property involved in this closed transaction is a Manufactured Housing asset located at 560 W. Pleasant Ave. in Tulare. The sale was facilitated by Three Pillars Communities, with representation from brokers Samuel Neumark and Jeff Benson. The transaction took place on December 22, 2021.
Summary of transaction details
- Property Type: Manufactured Housing
- Transaction Amount: $10,200,000
- Units: 96
- Price Per Unit: $106,250
- Square Footage: 387,684
- Price Per Square Foot: $26
The property consists of 96 units, with a price per unit of $106,250. The total square footage of the property is 387,684, with a price per square foot of $26. Samuel Neumark and Jeff Benson served as the brokers representing Three Pillars Communities in this transaction.
Players
Tulare Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93