Northmarq’s Investment Sales team completes $12.35M sale of manufactured housing community in Brookings, OR
BROOKINGS, Ore. (Jan. 15, 2025) — Northmarq’s Los Angeles Manufactured Housing Group led by Jeff Benson and Sam Neumark successfully completed the $12.35 million sale of Emerald Coast Estates, a 78-unit manufactured housing community located at 98126 W. Benham Ln. in Brookings, Oregon.
Northmarq represented the seller, Three Pillar Communities as well as the buyer, MHC USA Holdings LLC.
“The sale of Emerald Coast Estates demonstrates the market’s resilience and demand for high quality manufactured housing communities,” Benson said. “In strong markets throughout the Pacific Northwest, communities continue to trade at record price per pads, as demonstrated by this sale.”
The Emerald Coast Estates is located in one of the most sought-after communities in Southern Oregon. The 5 Star gated community sits just off U.S. Highway 101 and less than one mile from Sporthaven Beach on the Pacific Coast.
The community features an upscale clubhouse and boasts a heated indoor pool, gymnasium, pool table, card games, movie screenings, and a fully-equipped kitchen for banquets, BBQs and social gatherings. The property boasts pristine grounds and walkways.
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