Atlanta, GA– November 15, 2017 – Southeastern Business Intermediaries, LLC has brokered the sale of AAA Storage Hwy 27 & Postal Center in Minneola, FL. Harold Kolbe, President Southeastern Business, LLC, along with Darren Schiff with Commercial Real Estate, LLC represented the seller and buyer. The Class A facility, was built in 2013 with 622 units and 75,362 SF.
Atlanta, GA-January 2018 Multiple mobile home parks in greater Atlanta area. This particular deal was very challenging as it took months to get all Mobile Homes in compliance with both the Health Department and Code Enforcement. Knowing once we got through the challenges we knew there was a great asset that clearly hasn't reached close to its pricing potential. The buyer of this park from the southeast who specializes in what I would call challenging transactions stayed the course the entire time and fought every battle that was thrown at them. In this real-estate market with Cap rates so low this particular group has found a niche in an asset class that can still deliver undervalued real-estate. The moral to the story for this buyer is hard work and perseverance in an undesirable asset could be a diamond in the rough that all investors are looking for.
Mobile Home Park in greater Atlanta area 26 units. Managed process to assist Buyer for code updates, due diligence. This Buyer looking for additional mobile home parks to acquire. Well funded.
Privately owned Chicago Area
Annual Revenue Tracking $390,000 for 2017
Size by Acres: 3
Size by Units: 429
Mobile Home Park
75 slot MHP (D class asset)
Sold for 1.7 MM
Was riddled with code and health violations and by working with Cobb County we were able to get all of that cleaned up and issue new Business Licences to the new owner.
The new owner will clean up the park add infrastructure and operate it as a Class B asset
Metro Atlanta-based Southeastern Business Intermediaries, LLC and Jeremiah Baron Co. are proud to announce the sale of a self-storage facility located in Key West, FL. This property sold on August 17, 2018 for $23,800,000 to a national ownership/management company. The facility has 55,000 RSF and on six acres (three acres with storage currently and up to three acres for expansion) This is regarded the premier storage facility in the area
Mobile Home Park Cobb County (Class D asset)
Sold for 1.25 MM
30 home park but a strategic location coming off of South Cobb Drive
Cleaned us some code violations and was issued all new Business Licenses
All new infrastructure being put in and will operate as a class B asset
We represent off market properties, and just to market properties.
Focus on: Self Storage Facilities, Medical Buildings and Multi Family.
Have an extremely strong availability of buyers and have great relationships and receive very fast turnaround on interest and the LOI presentations. We are not a major real estate firm and work strictly by word of mouth and referrals.
We can also provide client consulting services on business valuation, financing, and disposition and acquisition of businesses and real estate. With over 23 years’ experience in management, finance and business ownership, we can provide valuable insight into business valuation and real estate brokerage clients. We strive to bring exceptional value to our clients. We offer local expertise and national presence for buyers and sellers.
To inquire about opportunities click here