BURTONSVILLE, Md. — Knapp Group Seniors Housing Advisors of Marcus & Millichap has arranged the sale of a 145-bed skilled nursing facility in Burtonsville, located midway between Baltimore and Washington, D.C.
A Michigan-based, nonprofit ownership group sold the community to a local owner-operator with a Maryland portfolio. The price was $17.3 million, or approximately $119,000 per bed.
The 62,500-square-foot facility was constructed in 1997 on more than 13 acres. Jim Knapp and Joseph Knapp from the broker’s Detroit office were key advisors for the transaction.