$7.8M 62-Unit Willow Court Senior Living Community Acquired By Bay Area Family Office
1733 South Willow Avenue
$7,800,000
Building Size
—
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