Updated Jul 29, 2026
TCC Properties Sells 101-Unit Senior Housing Community In Willits For $10.8M
1475 Baechtel Road
$10,800,000
Units
101
Asset Type
Senior Housing
Closing
Jul 24, 2026
About this deal
AI
The asset involved in this transaction is a senior housing community known as Redwood Meadows, located at 1475 Baechtel Road in Willits, California. The property spans 7.1 acres and consists of 101 units, which were sold for $10,800,000, equating to approximately $106,931 per unit. The transaction includes the potential for development of up to 15 additional units.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $10,800,000
- Address: 1475 Baechtel Road
- Market: Willits, CA
- Units: 101
- Price Per Unit: $106,931
- Selling Entity: TCC Properties
- Brokers: Isaak Heitzeberg & Andres Guerra - Marcus & Millichap
- Buyer: Echelon Communities
Isaak Heitzeberg and Andres Guerra, from Marcus & Millichap, represented the seller TCC Properties in this transaction and also facilitated the procurement of the buyer, Echelon Communities.
On the Map
$10,800,000
Senior Housing
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Players
Willits Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93