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The Real Deal Miami

Chicago area firm buys mobile home community in Davie

The 33-acre Sunshine Village traded for about $390,900 per acre
By Amanda Rabines | November 03, 2017 09:45AM

Sunshine Village and President of Uniprop Roger Zlotoff (Credit: uniprop.com)

Sunshine Village, a manufactured home community in Davie, just traded hands for $12.9 million, property records show.

A company tied to Skokie, Illinois-based Lakeshore Management, a national mobile home community owner and operator, bought the 33-acre mobile home park at 13453 Southwest 5th Street for about $390,900 per acre.

Records show the company scored $24.5 million in financing from Wells Fargo Bank.

The seller is an entity of the private real estate investment company Uniprop, based in Birmingham, Michigan. Records show the company, led by Roger Zlotoff, bought the park in 1987 for $7.2 million.

Mobile homes at Sunshine Village have a three-bedroom and two-bathroom floor plan, according to its website. Amenities include access to a community center, computer center and pool.

Mobile home parks are becoming prime targets for investors and developers. In October, real estate investor Steve Schneider paid $6.25 million for a trailer park near West Little River in Miami.

Last year, Sun Communities inked a $1.68 billion deal to acquire a large portfolio of mobile home communities, including 35 properties in Florida.