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CHAMBERSBURG, Pa. — Senior Living Investment Brokerage (SLIB) has negotiated the $21.5 million sale of Falling Spring, a skilled nursing facility located at 201 Franklin Farm Lane in Chambersburg, approximately 55 miles southwest of Harrisburg, Pa.
Built in 1968 on nearly nine acres, the approximately 100,000-square-foot community features 186 skilled nursing beds. At commencement of marketing, the property generated nearly $3 million in annual net operating income at approximately 88 percent occupancy.
Matthew Alley, Toby Siefert and Nick Cacciabando of SLIB represented the unnamed seller and secured the undisclosed buyer in the deal.