Investment Overview

Marcus & Millichap is proud to present the opportunity to acquire The Grove Tallahasee, formerly known as The Meadows Mobile Home Park, in Tallahassee, FL. Comprised of 313 permitted lots and located on 47.8 acres of land, this community is serviced by city water and city sewer and has several quality amenities, including a clubhouse, playground, basketball courts, and a pool. The property is located with minutes of Florida’s State Capitol, Florida State University, and a variety of metropolitan areas with dining, retail, and entertainment venues. Tallahassee has grown 6% in the last 10 years and there is an opportunity to fill vacancies, so this opportunity will appeal to any savvy investor looking for strong cash flow and long term growth. This property is offered in conjunction with Morning Star Mobile Home Park in Ruskin, FL and Sunshine City Mobile Home Park in St. Petersburg, FL. The full portfolio offers the rare opportunity for value add-potential and strong cashflow in two highly desirable markets. All of these properties are desirable on their own, but as a portfolio, this a unique opportunity to acquire 388 lots in large density MSAs. And while the preference is to sell as a portfolio, they are also available on an individual basis.