Updated Nov 28, 2024
Welltower Acquires Senior Housing In Walnut Creek For $101M
1700 Tice Valley Boulevard, Walnut Creek, California 94595, United States
$101,000,000
Units
187
Asset Type
—
Closing
Sep 13, 2022
About this deal
AI
Welltower has acquired a senior housing property located at 1700 Tice Valley Boulevard in Walnut Creek. The property was sold by PGIM and Kisco Senior Living in a transaction that closed on September 14, 2022. The sale price for the property was $101,000,000, with a total of 187 units. The price per unit was calculated to be $540,107.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $101,000,000
- Buyer: Welltower - Shankh Mitra
- Seller: PGIM & Kisco Senior Living
- Address: 1700 Tice Valley Boulevard, Walnut Creek
- Market: Walnut Creek
- Units: 187
- Price per Unit: $540,107
Shankh Mitra represented Welltower as their broker representative in this transaction.
Players
Walnut Creek CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93