RIVERSIDE COUNTY, Calif. — JCH Senior Housing Investment Brokerage has arranged the sale of a seniors housing community featuring 64 skilled nursing beds and 49 assisted living beds in Riverside County, located east of Los Angeles.
The facility was in escrow when COVID-19 hit with a first-time buyer who decided not to proceed. The seller, a family-owned owner-operator eventually sold the property to a first-time buyer.
The sales price was $5.4 million, or $84,375 per bed at a 9 percent capitalization rate.
JCH also assisted the buyer in setting up a lease with a local assisted living operator looking to expand in the area.