Vantage Commercial has announced the successful sale of a 24-pad mobile home park in Hainesport. The spacious mobile home park had been in the former owner’s family for 40-plus years and is easily accessible from Route 38.
Ken Richardson, executive director at Vantage Commercial, represented both the buyer and seller in this agreement that allowed the asset to efficiently change ownership. In just eight weeks from acquiring the listing, Richardson identified the buyer, negotiated the transaction, and ultimately, sold the asset.
“The park will be well-positioned for success and future growth with its new ownership. Once the opportunity was secured, we reached out to our network and secured a buyer rather quickly. During the recent COVID-19 pandemic, it is even more critical to have a strong understanding of the market. Our relationships with sellers, buyers, lenders and even the title companies become vitally important as we all need to be able to service clients during challenging times,” Richardson said.
The new owner plans on revitalizing the park including upgrading the infrastructure and common areas to increase occupancy and improve the tenant experience.
Headquartered in Cherry Hill, and Philadelphia, Pa, Vantage Commercial is a full-service commercial real estate brokerage and advisory firm serving New Jersey, Philadelphia and Eastern Pennsylvania. Vantage Commercial specializes in all aspects of commercial real estate including: landlord representation, tenant representation, health care real estate services, investment sales and acquisitions, multifamily sales and acquisitions, business brokerage, land sales, land development, property management, property valuations and advisory. Vantage Commercial is guided by the core belief that in order to achieve success, we must think like a client but perform like a partner. We have the optimal team in place to service any commercial real estate project and we work hard to achieve our client’s goals. Each member of the Vantage Commercial team brings a unique background and perspective to the market. Combined, we have tremendous, unmatched experience that shows in our success in the CRE market in New Jersey and Pennsylvania. To learn more about our team, services, or to contact us, visit www.VantageRES.com.