Capstone is pleased to present a 303-site manufactured home community located just east of Columbus. It is in Licking County, which recently made the news for Intel’s exciting ground-breaking in New Albany, OH. The tech giant is planning to invest over $20 Billion in construction of two semiconductor factories, which would bring thousands of jobs and opportunities to the immediate area. Intel’s commitment to Ohio will address the global chip shortage and create both manufacturing and STEM opportunities for thousands of residents. The community, located less than 30 minutes away from the facility, will directly benefit from the increased economic development in the county. Additionally, the property is an institutional quality asset with a unique history. The first phase of the community was built in 1995 with only 50 sites and has grown to 303 sites across all 56 acres as demand for housing has increased. The community now boasts a physical occupancy of 98%, with only 6 vacant lots. The pride in ownership is evident throughout the entire community, and they offer a family-friendly amenities package that is appealing to all age groups. Furthermore, although this is a premier community, the current owners have not kept up with the market rents. The current lot rent is almost $150 below market, allowing a new owner to gradually increase rents to enhance cash flow. This offering presents the exciting opportunity to acquire a stabilized, turn-key asset in a high-growth market.

• Beautiful Curb Appeal
• Proximity to New Intel Plant
• Direct-Billed Public Utilities
• Significant Lot Rental Upside