Carlyle Group Acquires Mobile Home Park In Hollywood For $25.2M
SOLD
Florida
See Similar DealsOther2,938 SF
Sold 11/19/2019
SOLD
Carlyle Group Acquires Mobile Home Park In Hollywood For $25.2M
1447 S Park Rd, Hollywood, FL, USA
See Similar DealsOther2,938 SF
Sold 11/19/2019
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$8,577
Total Square Footage:2,938 SF
Transaction Type:Sale
The Orange Brook Mobile Home Estates Inc. has sold a mobile home park located at the address of 1447 S Park Rd in Hollywood. The property consists of 344 units and has been purchased by Carlyle Group represented by Kewsong Lee and Glenn A. Youngkin. The sale was facilitated by broker Charles R. Smith from Pembroke Pines. The transaction took place on November 19, 2019, for a total amount of $25,200,000, at an average price per unit of $73,000.
Summary of transaction details
- Property Type: Mobile Home Park
- Transaction Amount: $25,200,000
- Address: 1447 S Park Rd
- Market: Hollywood
- Units: 344
- Buyer: Carlyle Group - Kewsong Lee, Glenn A. Youngkin
- Seller: Orange Brook Mobile Home Estates Inc.
- Broker: Charles R. Smith - Pembroke Pines
This transaction highlights the acquisition of a mobile home park in Hollywood, featuring 344 units. The buyer, Carlyle Group, was represented by Kewsong Lee and Glenn A. Youngkin. The sale was successfully facilitated by broker Charles R. Smith from Pembroke Pines.
Players
LENDER
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)
$1,344,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$89,530.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$119,460.86
Annual Debt Service$1,433,530.28
Is there something missing? Send suggestions