Philips International buys mobile home park in Hialeah

Park spans 6.5 acres, trade breaks down to about $23 psf of land

Holiday Acres Mobile Home Park (Credit:
Holiday Acres Mobile Home Park (Credit:

A mobile home park in Hialeah just sold for $6.6 million to New York City-based Philips International, property records show.

The trade of the 6.5-acre Holiday Acres Mobile Home Park, at 1401 West 29th Street, comes on the heels of the sale of its neighboring 10-acre Sunny Gardens Mobile Home Park, which sold a month ago for $12 million to an unknown buyer.

Records show two affiliates of Philips bought the Holiday Acres Mobile Home Park. Holiday Acres MHP LLC bought a 45 percent interest in the property and Holiday Acres MHP II LLC bought the remaining 55 percent. The 282,000-square-foot, two-parcel deal breaks down to about $23 per square foot. Philips owns and operates mobile home communities in Miami, West Palm Beach and Riviera Beach, according to its website.

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The seller, Holiday Acres Mobile Home Park Inc., is led by North Miami real estate attorney Richard Whitebrook. Previous sale information was not available online.

Hialeah has seen a surge of investment activity recently. Late last month, Miami investor Orestes Flores paid $6 million for Hialeah Executive Motel. Publix also bought the 64,260-square-foot Paraiso Plaza shopping center in Hialeah last month for $15.7 million.

Codina Partners is also planning Beacon Logistics Park, an industrial development with as much as 1.5 million square feet of space, in Hialeah.