Carefree RV Resorts Acquires Bradenton Park
Scottsdale, Ariz-based National RV Communities, doing business under the Carefree RV Resorts brand, has purchased the Palm Village Mobile Home Park in Bradenton, Fla., for $4 million, the Gulf Coast Business Review reported.
The 145-lot park on 18 acres features a swimming pool, spa, clubhouse, rental cottages, fitness facility, shuffleboard courts and laundry facilities. The community is currently 95 percent occupied.
National RV Communities owns and operates five other properties in Sarasota and Manatee counties and 28 in Florida. Stephanie Martin, a spokeswoman for the company, says the firm was attracted to Palm Village’s location in Bradenton near the beaches.
The buyer plans to remodel the clubhouse, laundry and fitness facilities and upgrade the pool area. It plans to have the changes completed by the end of the year.
National RV Communities owns 59 communities with more than 13,500 sites in Florida, Texas, New Jersey, Massachusetts, North Carolina, California, Arizona and Ontario, Canada. Of the 59 communities, 23 are mobile home properties and 36 are operated as RV parks.
The purchase entity, NHC-FL 139 LLC, mortgaged the property to General Electric Capital Corp. for $3.5 million.