Juniper Mobile Estates_Property for Sale
Juniper Mobile Estates_Property for Sale
65 Juniper Mobile Estates, Sequim WA, 98382

Juniper Mobile Estates

Asset Description

JLL, as the sole and exclusive agent, has been retained to offer the opportunity to acquire Juniper Estates (the “Property”), a 10.96-acre Senior 55+ living community located in Sequim, WA. The offering consists of a manufactured housing community with 61 sites conveniently located next to Washington Plaza, a grocery-anchored retail shopping  mall with name-brand tenants such as Safeway, Starbucks, Goodwill, Subway, and Papa Murphy’s. The city of Sequim resides in the rain shadow of the Olympic Mountains, which showcases the lowest average rainfall in the state, contributing to the mild climate and 300+ days of sunshine. Historical occupancy has remained stable with moderate rate increases to keep pace with inflation. Scheduled for 2/1/2025 is a rate increase which would bring the total monthly lot rent to $750 for each site.

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Attributes

Number of units
61
Occupancy
100%
Land area gross
10.96 acres
Parcel
033019700000
Zoning
Community Mixed Use (CMU)

Media

Investment Highlights

  • 100% physical occupancy 
  • $750 monthly rates set to commence 2/1/2025
  • 60 tenant owned homes with 1 stick built office that can easily be converted to a livable space
  • Situated on public utilities
  • Mild climate with low rainfall contributes to high quality of life for residents
  • Located within immediate proximity to the Olympic National Forest, which provides an abundance of recreational activities  
  • WA is an income tax free state and has no rent control
  • Lack of affordable housing creates a supply/demand imbalance, positioning the Property favorably
  • Located near tenant-friendly amenities including parks, Walmart, restaurants, and shopping options
Juniper Mobile Estates 4_Property for Sale
Juniper Mobile Estates 4_Property for Sale

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Juniper Mobile Estates (0 Properties)

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Last updated
11 Nov 2024