Shasta Glen Mobile Home Community 4647 Winter Ave 93 Unit Mobile Home Park $9,351,570 CAD ($100,555 CAD/Unit) 5.50% Cap Rate Klamath Falls, OR 97603

JLL, as exclusive advisor, is pleased to present the opportunity to acquire Shasta Glen ("The Property"), a 13.66-acre all-age manufactured housing community in Klamath Falls, Oregon. The Property features 93 homesites, currently 83% occupied with tenant-owned homes and four park-owned homes. The current vacancy represents an immediate scale opportunity with upside potential, while historical absorption of 5-6 homes per year demonstrates consistent demand. The Property is recognized as one of the market's highest-quality communities, offering meticulous maintenance, comprehensive public utility infrastructure, and steady lot rents of $525 per month. Oversized lots averaging nearly 5,000 square feet, combined with four-star amenities—including park and BBQ area, playground, and basketball court—create a superior resident experience. The community is also located just one mile from highly rated Peterson Elementary, Stearns Elementary, and Mazama High School, enhancing its long-term family appeal.
Positioned in a growing secondary market facing rising demand for affordable housing alternatives, Shasta Glen is well placed to capture continued occupancy and rent growth. Klamath Falls benefits from a stable economic base supported by healthcare, education, and manufacturing sectors, as well as a thriving tourism industry. Residents enjoy a high quality of life with access to world-class recreation, including scenic hiking, mountain biking, year-round freshwater fishing, and four of Oregon's top golf courses, such as the Arnold Palmer-designed Running Y Ranch Golf Course. With its scale, strong historical performance, attractive rent growth potential, and desirable lifestyle location, Shasta Glen presents a rare opportunity to acquire a best-in-class manufactured housing community in one of Oregon's most affordable and dynamic markets.