Value-Add Mobile Home Park | Mobile MSA | 6170 Boykin Rd
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Value-Add Mobile Home Park | Mobile MSA 6170 Boykin Rd
25 Mobile Home Park Units Online Auction Sale Theodore, AL 36582
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Investment Highlights
- 25-lot mobile home park with in-place cash flow and future upside through lease-up and tenant-owned home opportunities.
- Located less than 20 minutes from Downtown Mobile and the Mobile International Airport.
- Positioned near countless retail shops and restaurants including national and regional brands and local operators.
- Highly accessible location sitting in between Interstate 10 (68,000+ VPD) and Highway 90 (20,000+ VPD).
- 5-mile radius has over 46,500 residents with average HHI above $74,000 and total specified consumer spending over $537 million.
Executive Summary
Retail Specialists, LLC is pleased to exclusively present a value-add investment opportunity to acquire a 25-unit mobile home park with strong operational upside and a highly accessible location in Theodore, Alabama. 6170 Boykin Road resides on a 3.90-acre lot with multifamily zoning. The asset comprises 25 lots with 16 on-site mobile homes. The mobile home mix comprises three tenant-owned homes (TOH) and 13 park-owned homes(POH). Tenants are currently on below-market rents, and this property presents an opportunity for the next buyer to raise rents to market upon purchase.
6170 Boykin Road is positioned just off the heavily trafficked Interstate 10 (68,000+ VPD) and Highway 90/Government Road (20,000+ VPD). The property sits less than 20 minutes from both Downtown Mobile and the Mobile International Airport. The surrounding 5-mile radius has a population north of 46,500 residents with a solid average household income above $74,000 and total consumer spending at $537 million. This park caters to both renters and those looking to own, and the current 5-mile population comprises a mix of 69% homeowners and 31% renters. There are numerous amenities in the immediate vicinity, including Waffle House, Subway, Rouses Market, Dollar Tree, Walmart Neighborhood Market, Hardee's, and many more.
6170 Boykin Road is a prime investment opportunity with in-place cash flow and strong value-add potential.
6170 Boykin Road is positioned just off the heavily trafficked Interstate 10 (68,000+ VPD) and Highway 90/Government Road (20,000+ VPD). The property sits less than 20 minutes from both Downtown Mobile and the Mobile International Airport. The surrounding 5-mile radius has a population north of 46,500 residents with a solid average household income above $74,000 and total consumer spending at $537 million. This park caters to both renters and those looking to own, and the current 5-mile population comprises a mix of 69% homeowners and 31% renters. There are numerous amenities in the immediate vicinity, including Waffle House, Subway, Rouses Market, Dollar Tree, Walmart Neighborhood Market, Hardee's, and many more.
6170 Boykin Road is a prime investment opportunity with in-place cash flow and strong value-add potential.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per Unit
Mobile - AL USA
Market Cap Rate
Mobile - AL USA
Market Sale Price per Unit by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per Unit Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | Lot Size | 3.90 AC |
| Sale Conditions | Auction Sale | Building Size | 24,000 SF |
| No. Units | 25 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1990 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 1/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| No. Units | 25 |
| Property Type | Residential |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 3.90 AC |
| Building Size | 24,000 SF |
| Number of Floors | 1 |
| Year Built | 1990 |
| Parking Ratio | 1/1,000 SF |
PROPERTY TAXES
| Parcel Number | 38-02-04-2-000-010 | Improvements Assessment | £21,477 |
| Land Assessment | £23,673 | Total Assessment | £45,151 |
PROPERTY TAXES
Parcel Number
38-02-04-2-000-010
Land Assessment
£23,673
Improvements Assessment
£21,477
Total Assessment
£45,151
zoning
| Zoning Code | Multi-Family |
| Multi-Family |
Sale Advisor
Sale Advisor
David Plummer, Vice President of Leasing & Brokerage
(205) 313-3676
Contact
David is a trusted advisor to numerous national retail, restaurant, and healthcare brands including Dave and Buster’s, AutoZone, Kay Jewelers, Heartland Dental, Krispy Kreme, Tire Discounters, and Fresenius Medical Care.
Prior to Retail Specialists, David worked for Boxer Properties in Houston, Texas where he handled all leasing for a portfolio of commercial office buildings. A native of Birmingham, David received his bachelor’s degree in real estate finance at the University of Alabama.
In 2023, David was named to the Globe St. 50 Under 40 in Commercial Real Estate list. He has been the recipient of CoStar’s Power Broker award numerous times, most recently for Retail Leasing Transactions he completed in 2018. He is a member of ICSC, and has been successfully involved in transactions totaling more than $100M during his tenure at Retail Specialists.
Prior to Retail Specialists, David worked for Boxer Properties in Houston, Texas where he handled all leasing for a portfolio of commercial office buildings. A native of Birmingham, David received his bachelor’s degree in real estate finance at the University of Alabama.
In 2023, David was named to the Globe St. 50 Under 40 in Commercial Real Estate list. He has been the recipient of CoStar’s Power Broker award numerous times, most recently for Retail Leasing Transactions he completed in 2018. He is a member of ICSC, and has been successfully involved in transactions totaling more than $100M during his tenure at Retail Specialists.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Mary Humphreys
Contact
Auctioneer License:
Ten-X, LLC Jessica Anne Figueroa RE Brkr 000107846-0 Ten-X, Inc. dba Ten-X Commercial, Inc. Auction Firm C315; Samantha Corbat Auctioneer A5662
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Value-Add Mobile Home Park | Mobile MSA | 6170 Boykin Rd
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Value-Add Mobile Home Park | Mobile MSA | 6170 Boykin Rd
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