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Desert Pueblo MHP Sells for $30 Million

Posted by   /  June 9, 2020  /  No Comments

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By Karen Schutte | Real Estate Daily News

TUCSON, ARIZONA – Desert Pueblo Mobile Home Community at 1302 W Ajo Way, Tucson, AZ sold to Scottsdale investor, MHP #1, LLC, an affiliate of the Vanderhoot Family Trust, for $30 million (approximately $72,000 per space).

The 55+ community with 418 spaces with 30 park owned homes, and approximately 70 spaces being used for RV parking on 56.5 acres. The asset was 87% occupied at time of sale.

Derek Harris of HARRIS Manufactured Housing & Commercial Brokerage represented both the buyer and seller, a family trust from Redwood, California.

“There is definitely a lot of upside potential with this property and some vacancies to fill,” said Harris. ” “The new owner is coming in to upgrade the park owned units and bring property up to its true potential.”

For additional information Harris should be reached at 602.803.6227

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