M&M Brokers $15.6M Sale of 87,526 SF Community in Sacramento

by Jeff Shaw

SACRAMENTO, Calif. — Marcus & Millichap (NYSE: MMI) has arranged the sale of Gramercy Court, an 87,526-square-foot assisted living and skilled nursing facility in Sacramento for $15.6 million.

The eight-building community sits on a 5.4-acre campus. It features 71 assisted living units and 120 skilled nursing beds.

Max McCabe and Krone Weidler both in Marcus & Millichap’s Tampa office represented both the buyer, a fund manager, and the seller, an individual trust, in the transaction.

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