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IPG Buys Manufactured Home Community for $58M

September 01, 2021

Investment Property Group has acquired Skandia Mobile Country Club for $58 million from the Coulter Family Trust. On 17 acres in Huntington Beach, CA, the property has 167 mobile home units.

The property had multiple offers. It is a trophy asset in a trophy location that is two miles from the ocean and walking distance to the Bella Terra outdoor shopping mall, according to Jeff Benson, SVP of investments at Marcus & Millichap, who brokered the deal. The units are doublewide spaces and all are tenant owned. The community has a pool, spa, game room and clubhouse with a full kitchen. Along with Samuel Neumark, Benson represented the seller in the deal and procured the buyer.
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