Vantage Commercial Announces Sale of Mobile Home Park
Vantage Commercial is thrilled to announce the successful sale of a 24-pad mobile home park in Hainesport, NJ. The mobile home park was purchased last year by one of Ken Richardson’s (Vice President of Vantage Commercial) investor clients. As the demand for parks continues to increase, the investors listed the park with Vantage to sell the mobile home park.
Ken Richardson, along with Corinne Giletto, Director of Client Services at Vantage Commercial, represented both the buyer and seller in this agreement, allowing the asset to efficiently change ownership. In just a few 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. The buyer is an operator of several parks in NJ. They plan on making major improvements to the community to modernize the infrastructure and possibly add pad sites,” stated Richardson
“Ken has once again represented us very well; he makes sure communication is efficient between all parties. This transaction was seamless and closed without issue,” stated Tilak Singh, the seller.
