NORTHEAST MHC PORTFOLIO
MASSACHUSETTS & MAINE
AVERAGE SITE RENT
PRO FORMA NOI
PRICE PER SITE
Three Communities Containing 132 Total Sites Located in Massachusetts and Maine
98 Percent Global Occupancy
Two of the Communities are Serviced by Public Water and Sewer
Request Property Information
Marcus & Millichap is pleased to present the opportunity to acquire three manufactured housing communities located in Massachusetts and Maine. All three communities are all-age, and contain a total of 132 sites. Allendale Pines and Acorn Acres are located in Massachusetts and are serviced by public water and sewer, while Indian Run Estates is located in Maine
and serviced by private water and sewer (well/septic). Allendale Pines, Acorn Acres and Indian Run Estates have a 98 percent global occupancy allowing a new buyer to benefit from strong occupancy and low number of park owned homes.
Allendale Pines is located in Pittsfield, MA and contains 55 sites which are 98 percent occupied. Allendale is the only community in this portfolio that is subject to rent control. The community provides its tenants with an ideal location just minutes from Allendale Shopping Center and Berkshire Crossing, two large shopping areas which include a Walmart
Supercenter, Home Depot, Dick’s Sporting Goods, T.J. Maxx, HomeGoods, Harbor Freight Tools, Big Lots, etc.
Acorn Acres consists of 37 sites which are 97 percent occupied located in Auburn, MA. The community has a population greater than 545,000, median housing value of $295,746 and average household income of $100,229 within a 15 mile radius.
Lastly, Indian Run Estates is located in Dresden, ME near the Kennebec River and 50 minutes north of Portland (45 Miles). The community contains 40 sites that are 98 percent occupied, situated on 5 acres and allows room for 22 expansion sites.
The communities are being offered for sale individually or as a portfolio.
Broker of Record - Massachusetts
Broker of Record - Maine