300 West Kansas Street

• Park price per site of $17,000 – Below replacement cost
• Value creation by filling vacant inventory and sites
• Comps in market are 90%+ occupied charging above $400 lot rents
• Water, sewer, and trash are direct billed to tenants

Property Description

Sunstone Real Estate Advisors is pleased to offer for sale a two-property portfolio located in Alliance, Nebraska; Grand Lake Village North (49 sites) and Grand Lake Village South (125 sites). The properties are all-age communities totaling 174 sites. Both communities are on public water and sewer. The assets are currently operating at 33% occupancy with average site rents at $252 per month. There are 17 park-owned homes of which 5 are rentals, 5 are owner financed and 7 are vacant that are included in the the asking price. The communities are approximately a 5-minute drive from one another. Grand Lake Village South is located directly across from the BNSF Railway hub which is the top employer in Alliance. There is strong housing demand in Alliance as there is minimal availability of rental houses and affordable housing options. The competition communities have successfully infilled 25-30 lots per year.