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Longmont mobile home park sells in $9.5 million transaction

Boulder County

Property Location: 446 S. Francis St., Longmont, “St. Vrain Mobile Home Park”

Property Description: 137-pad mobile home park w/ 860-sf house, YOC 1973

Land Size: 12.91 acres

Sales Price: $9.5M, or $69,853 per pad

Reception No.: 03534336

Closing Date: 6/29

Grantor: Duvernay Family Trust, Jude Duvernay, trustee, & St. Vrain Mobile Home Park Trust, Gloria Pomtier & Howard Pomtier, trustees

Grantee: COLO St. Vrain MHP LLC, Patty Dallas, David H. Reynolds, president of RV Horizons Inc., 800-304-2835

Financing: $15M payable to Great Western Bank, due 8-1-21

Comments: See APN: 1315-090-04-001. The pads in the St. Vrain Mobile Home Park rent for $490 each plus utilities. There are 136 pads plus one pad for the on-site manager. The buyer plans to upgrade the park, including landscaping.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.