QUEEN CITY PORTFOLIO

OHIO

Queen City Portfolio
Queen City Portfolio
Queen City Portfolio
Queen City Portfolio
Queen City Portfolio
Queen City Portfolio
Queen City Portfolio
Queen City Portfolio
Queen City Portfolio
Queen City Portfolio

Listed By:

Jonathon McClellan

(216) 264-2023

Jonathon.McClellan@marcusmillichap.com

Kyle Baskin

(216) 264-2059

Kyle.Baskin@marcusmillichap.com

Connor Outcalt

(216) 264-2029

Connor.Outcalt@marcusmillichap.com

Portfolio Highlights

SITES

OCCUPANCY

AVERAGE MH SITE RENT

PRICE

498

81%

$425

UNPRICED

Investment Highlights

  • Opportunity to Acquire Three Well Positioned Manufactured Housing Communities in the Cincinnati Ohio MSA
     

  • A Total of 498 Sites that are Currently 81 Percent Occupied
     

  • All Three Communities are Serviced by Public Water and Private Sewer
     

  • The Population of Cincinnati is Estimated at 301,301, While the MSA Has About 2,120,000 Residents

Property Overview

Institutional Property Advisors, a Division of Marcus & Millichap, is pleased to present the opportunity to acquire three well positioned manufactured housing communities located in the Cincinnati Ohio MSA.

 

Lebanon Acres, Miami View Estates and Richmond Estates are all-age communities consisting of 498 total sites with a global occupancy rate of 81 percent. All three communities are serviced by public water and
private sewer.


Lebanon Acres, 115 sites, located in Morrow, Ohio, is currently 83 percent occupied and situated on approximately 26 acres. The area has a population of 519,312 and a median housing value of $216,898 within a 15 mile radius.


Miami View Estates, 135 sites on approximately 45 acres located in Cleves, Ohio. The community is currently 89 percent occupied and positioned in an ideal location on OH-128 allowing for easy access to nearby retail such as Meijer, Kroger Marketplace and
Kohl's.


Richmond Estates, the largest community out of the three, contains 248 sites situated on 122 acres in New Richmond, Ohio. The community provides its tenants with a clubhouse, pool, and playground.

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GET IN TOUCH:

SOCIAL LINKS:

Jonathon McClellan
Senior Managing Director Investments

Jonathon.McClellan@marcusmillichap.com

(216) 264-2023

Kyle Baskin

Senior Managing Director Investments

Kyle.Baskin@marcusmillichap.com

(216) 264-2059

Jacqueline Sawchik

Executive Assistant | Marketing Coordinator

Jacqueline.Sawchik@marcusmillichap.com

(216) 264-2062

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© 2017 by McClellan & Baskin MHC Group