Jeff Binder has sold 2 Skilled Nursing Communities in Michigan. Both of the communities are located in Eastern Michigan. One of the buildings has 124 beds and was constructed in 1989. The two-story building has approximately 48,000 square feet on 1.89 acres. The other building was constructed in 1966 and renovated in 1985 and has 149 beds. The one-story building has approximately 58,000 square feet on 5.3 acres. Although the overall census for the two communities was only 66% at the time of the sale, Jeff was able to procure multiple offers with a final sales price of $8,000,000. The Seller, a national healthcare and senior living services provider, was seeking to divest these assets to utilize the capital for other corporate purposes. The Buyer is a regional owner/operator seeking to increase their operating presence in Michigan. For additional information, please contact Jeff Binder at 314/961-0070 or binder@slibinc.com
