POMPANO BEACH, Fla. —DeMarco Real Estate Group of REMAX 5 Star Realty has brokered the $17.9 million sale of The Residence at Pompano Beach, an assisted living property located in Pompano Beach.
Totaling 205 beds, the community offers memory care, rehabilitation and skilled nursing services, in addition to assisted living. The facility totals 61,116 square feet situated on 2.84 acres.
John DeMarco of the DeMarco Real Estate Group represented both the buyer and seller in the transaction. The buyer is a local private investor.
“Seniors housing assets continue to attract strong investor interest in South Florida due to demographic trends and the increasing demand for quality care facilities,” says DeMarco. “This property presented a unique opportunity to acquire a well-established assisted living facility in a highly desirable location.”