Nick Cacciabando was engaged to sell a Colorado Skilled Nursing Facility for a regional owner/operator. This was their only facility and the Seller intends on acquiring a property in their core market, Iowa, using a 1031 Exchange. It is an older building in a quality market in the Denver MSA. Because of the age, the Buyer was able to purchase the facility at a relatively low cost. The Buyer is a start-up owner/operator based in Colorado. The Buyer has identified numerous operating inefficiencies and opportunities within the market. The facility was profitable at the time of sale and sold for a 13.4% capitalization rate/0.8 EGIM. Nick was able to procure multiple offers from interested parties. For additional information, please contact Nick Cacciabando at 314/961-0070 or nbando@slibinc.com
