Jason Punzel recently closed on an Assisted and Independent Living Sale in Washington. The 107 Unit community is located in an affluent suburb of Seattle. The property was built in phases in 2000 and 2004 with additional land for future expansion. The census at the time of sale was 90%, the cap rate was 6.94% and the sale price per unit was over $215,000. Senior Living Investment Brokerage, Inc. was able to procure six qualified offers from regional and national operators. The ultimate Buyer was a REIT based on the east coast that plans on investing over $1,000,000 in capital improvements to make the property a “best in class” community in the area. The Seller was a local owner operator retiring from the business. For additional information on this Assisted and Independent Living sale or how we can assist you on procuring a sale of your property, contact Jason Punzel of Senior Living Investment Brokerage, Inc. at punzel@slibinc.com or 630/858-2501
