Marcus & Millichap Brokers Sale of 60-Unit Community in Pensacola, Florida

by Jeff Shaw

PENSACOLA, Fla. — Marcus & Millichap (NYSE: MMI) has arranged the sale of Grandview Assisted Living, a 60-unit assisted living community in the Florida Panhandle community of Pensacola.

Brooks Minford of Marcus & Millichap’s Miami Office and Rob Reis of Marcus & Millichap’s San Francisco office represented the seller, a limited liability company. Rod Llanos in Marcus & Millichap’s Houston office represented the buyer, a private investment group from Texas.

Grandview is located on 2.9 acres of land and was over 90 percent occupied as of January 2018. 

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