Ryan Saul has sold another seniors housing facility in Indiana. The 41 unit Assisted Living Facility is located in Batesville, Indiana. Built in 2003, the 31,551 square foot facility sold for $2,850,000. Over the past ten years, Ryan has sold more seniors housing facilities in Indiana than any other broker or brokerage team. For additional information on this transaction or any other Indiana transaction or facility, please contact Ryan at 630/858-2501 or firstname.lastname@example.org
Do you own a portfolio that is mainly skilled nursing with an outlier assisted living property or two? Does your portfolio of assisted living include a one-off skilled nursing facility?
Many of my clients have been divesting non-core assets. I repeatedly hear, “stick with what you know.” If you have a property that does not fit within your core business, now is an ideal time to explore selling. Their is great demand for both Assisted Living and Skilled Nursing facilities.
It is a natural sell to the market when representing non-core assets to highlight the fact that we are selling an assisted living facility for a skilled nursing owner/operator. These opportunities tend to have the most upside potential yielding top-of-the-market pricing.
Please contact me at Ryan Saul to prepare a confidential proposal for your non-core assets.
Nick Cacciabando and Jeff Binder have sold a 45 unit Assisted Living Facility in Kansas for $2,500,000 or $55,555/unit. Constructed in 1970 with a 17 unit addition in 2004, the facility sold at a 10.1% capitalization rate. The one story building is 25,000 square feet on almost 2.5 acres. The facility is in good condition and was 100% occuppied at the time of sale. for additional information, please contact Jeff or Nick in the St. Louis office at 314/961-0070.
Ross Sanders, Nick Cacciabando and Jeff Binder have sold a Seniors Housing Community in Brandon, Mississippi. The two story building consists of 75 Assisted Living units and 25 Memory Care units. Constructed in 1999, the facility is comprised of 85,000 square feet and sits on 5.4 acres. The occupancy at the time of sale was 98% and sold for $10,600,000 ($106,000/unit) at a 9% capitalization rate. For additional information please call the St. Louis office at 314/961-0070.