Jon Harrison and Douglas A. Danny, vice president investments and senior directors of the National Manufactured Home Communities Group of Marcus & Millchap represented the seller of the Deal of the Week. The buyer represented itself.
The Cliffs, the 262-space senior mobile home park in Allied Gardens at 4950 Old Cliffs Road, San Diego 92120, has been sold for $29.5 milllion, cash, according to public documents. The property was listed for $31 million.
Allied Gardens is a great neighborhood for new parents to raise their families. The Allied Gardens recreation center is a wonderful place to take kids for a day at the park. It features basketball courts, tennis courts, a neighborhood pool, and a playground for younger children. The community has little league and Bobby Sox parks, as well as fields for playing soccer and Pop Warner football.