Skilled Nursing Facility Sold In Olney, TX
Matthew Alley sold a 51 bed skilled nursing facility located in Olney, TX. The facility was built in 1970 on a total of 2.115 acres of land. The property maintained a census around 45.5% for the past couple of years. The Buyer is a regional owner-operator located in the Houston-area. The transaction closed at $850,000, which was $16,667/bed and 0.65x revenues.
According to Matthew Alley, Managing Director, “The Buyer operates the other property in the market. The facility was closed prior to the transaction being completed. It was a deal that made sense for both the buyer and seller.”
For more information on the above transaction, or to inquire about the value of your Senior Living Communities, please contact Matthew Alley.
Nationwide Presence – Texas Focus