Wash. Skilled Nursing Facility Sells for $9.1M

by Jeff Shaw

MOUNT VERNON, Wash. — Evans Senior Investments, a seniors housing investment banking firm, has facilitated the sale of Mira Vista Care Center, a skilled nursing facility in Mount Vernon, for $9.125 million.

Built in 1987, Mira Vista comprises 94 beds and 48 units, making the sale price equivalent to $97,074 per bed. Capitalization rate is 12 percent, and annualized July 2014 revenue was $8.1 million. Occupancy is currently at 87 percent.

The buyer is a national REIT in partnership with a regional family owner-operator emerged as the best and highest bidder for the facility.

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