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1733 South Willow Avenue

$7.8M 62-Unit Willow Court Senior Living Community Acquired By Bay Area Family Office
SOLDSenior Housing

$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

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

Robin Kane

NorthMarq

Broker

$120.3M

vol

5 deals

Broker

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