$7.8M 62-Unit Willow Court Senior Living Community Acquired By Bay Area Family Office
1733 South Willow Avenue
$7,800,000
Units
62
Asset Type
Senior Housing
Closing
Sep 13, 2023
AI
The Willow Court Senior Living Community, located at 1733 South Willow Avenue in Fresno, CA, was recently sold for $7.8 million. This 62-unit property offers independent senior housing with one- and two-bedroom units. The sale was an all-cash deal and was fully occupied at the time of the transaction.
Summary of transation details
- Property Type: Senior Housing
- Transaction Amount: $7,800,000
- Market: Fresno
- Asset Type: Senior Housing
- Acres: 3.74
The sale of Willow Court Senior Living Community was brokered by Robin Kane and Brendan Kane from The Mogharebi Group's Fresno office. The transaction was advised on behalf of a Bay Area family office. Robin Kane and Brendan Kane provided their expertise in facilitating this successful deal.
Players
Fresno 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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93