Ryan Saul and Patrick Byrne of Senior Living Investment Brokerage, Inc. recently handled a Skilled Nursing Facility Sale in Illinois. The Skilled Nursing Facility is located in central Illinois in a rural community 60 miles northwest of Springfield. The property was originally built in 1964 with additions in 1973, 1975 and 1979. The building is approximately 46,354 feet on 6 acres. The sale was precipitated by the passing of the controlling partner. The Buyer owns over 60 communities throughout Illinois. Although the census was only 68%, the quality mix was over 50%. The capitalization rate at the time of sale was 13.85%. For additional information contact Patrick Byrne at 314/961-0070 or Ryan Saul at 630/858-2501.
