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BAY CITY, Mich. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Carriage House & Health Center and The Colonnades Assisted Living, a senior living campus in Bay City, located near Saginaw Bay.
The campus features 38 units of assisted living and 120 skilled nursing beds. Although the price was not disclosed, the price per unit/bed of $37,975 equates to approximately $6 million. The property also offers the chance for future assisted living expansion.
A family owner seeking to retire sold the property to an undisclosed buyer. Bradley Clousing, Ryan Saul and Joe Young of SLIB handled the transaction.