ST. CHARLES, Ill. — Senior Living Investment Brokerage has negotiated the sale of Presence Pine View Care Center in the Chicago suburb of St. Charles for $5.5 million.
The 120-bed skilled nursing facility was 58 percent occupied at the time of sale. A private owner based in Wisconsin sold the property to retire from the industry. The buyer was a private company based in Illinois with other facilities in the Chicagoland area
The sale price equates to approximately $45,883 per bed. The facility was built in 1978 and consists of 60,898 square feet on a 3.4-acre site.
Ryan Saul of Senior Living Investment Brokerage facilitated the sale.