SOLD: 10/30/2020 $4,500,000
Portfolio Offering of Banner Communities consisting of 5 Mobile Home Parks across 3 Southwest Georgia counties surrounding the Albany GA MSA. The majority of the 261 Pads are surrounded by major industry such as Proctor and Gamble, Miller Coors, Georgia Pacific, Cooper Tires, and the Marine Corps Logistics Base. The five parks have a combined total of 260 Pads with a breakdown of 184 Park Owned Homes and 77 Pad Rented Sites. City Water and Sewer is sub-metered and directly billed per unit. The parks have demonstrated historically high occupancy levels throughout the years and have been carefully maintained by current management. Management can stay in place throughout the transition of ownership.
1. Oak Grove Estates Consists of 135 POH and 38 Pad Renters
35.5 acres / Paved roads / City Water/Sewer
Manager's Office and Swimming Pool on Site
2. Banner Place Consistsof 17 POH and 18 Pad Renters
5 acres / Paved roads / City Water/Sewer
3. Lazy Pines Consists of 17 POH and 18 Pad Renters
8 acres / Paved Roads / 3 Wells Sewer
4. Banner West Consistsof 8 POH
3.1 acres / Paved roads / City Water/Sewer
5. Banner OaksConsists of 7 POH and 3 Pad Renters
2.1 Acres / Paved roads / City Water/Sewer
Webb Properties, Inc. is a commercial, industrial and farmland real estate company based in Albany, Georgia.