Skilled Nursing, Assisted Living Facility Sold In Rose Hill, Kansas
Jeff Binder, Matt Alley and Nick Cacciabando have sold a 56 bed skilled nursing/20 unit assisted living facility in Kansas. The facility is located in the city of Rose Hill, approximately 18 miles outside of Wichita. The one-story, 33,000 square foot facility was built in 1971 and 1978 and renovated in 2001-2002. At the time of the sale, the census was 94% and the property sold at a 14% cap rate/.97x GIM for $55,900/bed/unit. The Seller was a local owner/operator. SLIB was able to generate multiple offers and after a competitive bidding process, the successful Buyer was an owner/operator headquartered in the Dallas-Fort Worth area with an existing presence in Kansas.
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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