Cherokee Mobile Home Village and Sundowner

Location: Apache Junction, AZ
Type: Mobile Home Park
Price: $ 9,300,000

SMC has provided a $9,300,000 loan for the refinance of Cherokee Mobile Home Village and Sundowner Mobile Home Park. Both properties are age restricted (55 or older). The properties are well located just north of US Highway 60 (Superstition Freeway), approximately 35 miles east of the Phoenix CBD and 30 miles east of the Phoenix International Airport. Additionally, the climate of the Phoenix-Apache Junction area is attractive to many seniors and there is a large snowbird population which comprises a significant portion of the Subject’s tenants.