TCC Properties Sells 101-Unit Senior Housing Community In Willits For $10.8M

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.