2750 W 1400 S, Kentland, IN 47951

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Building Details:

2750 W 1400 S is located in Kentland, IN.

INVESTMENT SUMMARY
Summit Realty Group has been retained as the exclusive investment advisor in the sale of Miller's MHP. The offering includes 22 lots, each 58 X 100, plus one single-family home located within the park. This community is located in Kentland, Indiana in the well known county of Newton. Miller's MHP is being offered on an as-is, where-is basis. Offers should be submitted in a standard letter of intent format. Current tenants and/or ownership should not be contacted.

INVESTMENT HIGHLIGHTS

VALUE-ADD
-The acquisition of Miller’s mobile home park represents a 14.1% CAP rate on 2012 in-place NOI.
-Lot rents are currently 20% lower than competing parks.

TENANT PAID UTILITIES
Gas, Electric and Water are paid by the resident.

LOCATION
Miller's MHP is located in Northwest Indiana, in the city of Kentland.
Kentland is located about 45 miles north of Lafayette, IN (Home of Purdue University). Directly east of Kentland is Interstate 65 as well as a rail road intermodal terminal which was recently finished. With the terminal’s completion, it has attracted many new businesses to the area, including one of MacAllister/Catipillar’s new distribution centers.
Miller’s MHP is located less than one mile from Kentland Industrial Park, home to Ice River Springs Water Company, INTX Microbials (life sciences) and Ethan Allen’s Midwest distribution center