Capstone Manufactured Housing Brokers $4.75M Sale in Jacksonville, FL

JACKSONVILLE, FL — Capstone Manufactured Housing is pleased to announce the sale of the Jamestown Estates MHP in Jacksonville, FL. Affordable Communities Group sold the 180-lot asset to Summit Communities in an off-market transaction for $4,750,000, or $26,389 per lot and $43,578 per occupied lot. Summit Communities owns multiple manufactured housing assets, and currently has a strong presence in the Jacksonville market.

“Jamestown Estates is another example of the significant demand for well-located manufactured housing assets in the Jacksonville, MSA, and represents a great opportunity for the buyer to fill the vacant lots at the property and push asset value,” said Enon Winkler, a firm partner of Capstone.

Capstone Manufactured Housing brokers continue to lead the Southeast and Mid-Atlantic in Manufactured Housing Investment sales, and the brokers involved in this transaction include Enon Winkler, Deucie Bies, and Kevan Enger.

Trade Details

Address: 6776 Townsend Road
City/State: Jacksonville, FL
Lots: 180
Sale Price: $4,750,000
Price Per Lot: $26,389
Sold Date: August 25, 2015
Seller: Affordable Communities Group
Buyer: Summit Communities