Matthew Alley sold a 42-unit assisted living and memory care facility in Jacksonville, Alabama. The transaction closed at $3.5 million, which was $83,333/unit and 7.3% cap rate. The 26,500 square foot facility was built in 2009 and maintained a census around 79%. This is the first acquisition in Alabama for the Buyer who is a regional owner/operator.
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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