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WAYZATA, Minn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Meridian Manor, an independent and assisted living community located in Wayzata, approximately 13 miles west of downtown Minneapolis.
Totaling 67 units, the 78,000-square-foot community was built on four acres in 1994.
A local owner-operator acquired the community from a nonprofit for $7.2 million. The community was vacant at the time of the sale and the buyer plans major renovations.
Jason Punzel, Brad Goodsell and Vince Viverito of Senior Living Investment Brokerage handled the transaction.