Shady Glen Estates


Mobile Home Community | Colfax, CA


Listing Services
Crexi
LoopNet

Price: $12,500,000

NOI Year 1:

$738,249

Proforma NOI: $1,032,136

Cap Rate

(Current Cap rate of 5.91%)

(Year 2 - Proforma)
(Proforma cap rate of 8.26%)

Net Ground Lease: 20-year term with two five-year renewal options, $22,500 yearly with 3% annual increases

Total Units
117

Commercial Buildings: Includes an office building and a maintenance shop:

Occupancy
91.45%

Rent Control
No (Placer County)

Designation

55+

Acreage
28.82 acres

MH Rent Avg.
$746

Year Built: 1966 and 1980
Road Type
Paved

Utilities

Water & Sewer: Currently landlord-managed, transitioning to city water

Electric: PG&E, sub-metered to tenants

Gas: Supplied by Suburban Propane, directly billed

Sewer: Landlord manages with tenant flat fee

Garbage: Tenant pass-through billing

Parcel Number
(099-140-011, 014, 028, 029, & 044) & 099-150-043-000



For more information regarding this listing, please contact Dylan Brazil or Amir Cackovicor

For more information about working with CRI please fill out our contact form.

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