Updated Dec 4, 2024
Highland Pines RV Park In Deerfield Beach Sells For $24.1M To Highland Pines MH LLC
875 Northeast 48th Street
$24,110,000
Building Size
—
Asset Type
Mobile Home
Closing
Nov 12, 2023
About this deal
AI
An RV park in Deerfield Beach known as Highland Pines has been sold for $24.11 million. The 25.35-acre mobile home property, located at 875 Northeast 48th Street, was purchased by Highland Pines MH LLC. The sale transaction was finalized on November 12, 2023.
Summary of transation details:
- Property Type: Mobile Home
- Transaction Amount: $24,110,000
- Address: 875 Northeast 48th Street
- Market: Deerfield Beach
- Acres: 25.35
The buyer, Clayton M. Carter, represented by his agency Carter + Co, acquired the property from the seller, James A. Moore, who is associated with Moore Enterprises. The deal was facilitated by JLL Real Estate Capital, providing a mortgage of $19.21 million for the transaction.
This sale highlights the high demand for RV parks in South Florida and the ongoing redevelopment in the area. The attractive features of the Highland Pines RV park, combined with its sizeable land area, likely contributed to the significant sale price.
Players
Deerfield Beach Mobile Home Market Snapshot
Boundary boundary · Mobile Home · Sale transactions
Loading comparables…
Deal FAQ
Browse Deerfield Beach mobile home sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93