Buying a self storage and mobile home hybrid park

[Charlotte Dunford]

Hi all. Do you typically stay away from hybrid parks? I've been looking at a self storage and mobile home hybrid park. Not sure how to exit when I sell. I was thinking maybe I can sell off the self storage first, and sell the MHP separately, would that be a feasible route? Thanks a million!

[Account Closed]

Haha and for the flip side, i may be biased cus I'm a mobile home park guy.  I think MHP investors will buy a self storage component with a park all day long.  The big considerations will be how much value you have to place on it, how much of a component of the deal it will be.  If its say 800 park , 100k storage.  If its 450k storage, 450k park, becomes tricky because your exit pool of buyers is limited. I have tried to buy a park with SS component but it didnt close for some other reason.  In park land, you may end up with a laundromat, a retail business, strip center, apartments, houses , all the above, So you go case by case basis and see if you can get it to workout.