CHICO, Calif. — Senior Living Investment Brokerage has arranged the sale of Townsend House, a 30-unit assisted living facility in Chico, approximately 90 miles north of Sacramento.
A local operator looking to exit seniors housing sold the property for $4.2 million. The buyer was a new entrant to the industry looking to establish a presence on the West Coast.
Townsend House totals 13,500 square feet and is situated on approximately 1.2 acres. The sale price equates to about $138,333 per unit.
Jason Punzel, Brad Goodsell and Vince Viverito of Senior Living Investment Brokerage handled the transaction.