Arnada Pointe
4820 NE Hazel Dell Ave, Vancouver, WA, 98663-3803, US
200 units
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.