With limited value-add deals at this point in the cycle, capital is considering alternatives. Value-add buyer El Dorado SM has acquired a mobile home park in San Marcos that promises significant upside through property improvements.

Located at 1515 Capalina Road, El Dorado Park sits on 8.27 acres and features 98 mobile home stalls and a single-family home. It is an age-restricted community with a recreation facility, pool, meeting room, kitchen and bar, guest parking, on-site laundry facilities and outdoor storage areas.

Ciara Trujillo and David Santistevan of Colliers International represented the seller, Carlsbad Shores. The property traded hands for $11.5 million.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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