The Meridian Mobile Estates

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Purchase Date: April 2009 Price: $2,652,000
Cash on Cash Return: 8.52% Project 5 Year IRR: 22.00% +
Current Market Value: $2,800,000
Note: CEP purchased this 52 pad manufactured home community located Puyallup, WA in April of 2009 from a family trust who had held the property since the 1950’s. The property has long been coveted by investors and developers. CEP was made aware of the family’s intention to sell the asset and CEP was able to successfully negotiate a purchase before the property was taken to market.