Wichita-Sooner State Portfolio

Wichita-Sooner State Portfolio

Wichita, KS
Available
  • Property Type: Manufactured Housing
  • Property Size: / 862 Sites

Overview

Capstone Manufactured Housing is pleased to present the Wichita-Sooner State Portfolio. This offering features 862 sites across four well-located properties. Lifestyle Park and Park Village Community are adjacent parks ideally situated in Wichita and provide immediate scaled entry with 541 sites. The favorable proximity to each other means staffing can be shared between the communities to reduce costly management oversight and requirements. In Oklahoma, there are two parks: Serenity Park in Tulsa and High Chaparral Estates in Spencer, a suburb of Oklahoma City. Serenity Park benefits from public utilities that are direct billed to the residents, minimizing expenses to maintain a high level of operational efficiency. High Chaparral Estates boasts a stabilized 88% occupancy and minimal home inventory, with only 4 park-owned homes and 9 lease-option purchase homes.

This offering presents an opportunity to acquire 4 strategically located communities in robust markets, with infill and expansion upside. 

Investment Highlights

Scaled Entry into High-Growth Markets

Rental Increases Recently Implemented

Infill and Expansion Upside

Contact Information

Ian Hilpl Senior Advisor P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Brian Hummell Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
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