Skilled Nursing Facility Sold In Austin, TX
Matthew Alley sold a 54 unit skilled nursing facility in Austin, Texas. The 10,452 square foot facility was built in 1970. The property has maintained a census around 93% for the past couple of years. The Seller is an private owner/operator. The Buyer is an owner/operator based in South Texas that has other facilities in Austin. The transaction closed in April 2015 at $1.2 million, which was $22,222/unit and .66x revenues.
According to Matthew Alley, Managing Director, “The facility was closed down due to some troubles with the state. The buyer was able to purchase the real estate and take possession of the Medicaid beds. The seller was able to exit the industry.”
For more information on the above transaction, or to inquire about the value of your Senior Living Communities, please contact Matthew Alley.
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