Carlyle Group Acquires Mobile Home Park In Hollywood For $25.2M

1447 S Park Rd, Hollywood, FL, USA

$25,200,000

$8,577/SF

Building Size

2,938 SF

Asset Type

Other

Closing

Nov 18, 2019

AI

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