Skilled Nursing Facility Sold In Karnes City, TX
Matthew Alley sold a 60-bed Skilled Nursing Facility in Karnes City. The transaction closed at $1.3 million, which was $21,667/bed and 0.61x revenues. The 10,452 square foot facility was built in 1961. The property has maintained a census around 70% for the past couple of years. The Seller is a private owner/operator out of California and leased to an operator out of Virginia. The Buyer is a regional East Texas owner/operator with other facilities in the area.
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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