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

Property Image
SOLD
$7,800,000
Robin Kane
Brendan Kane

California

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Senior Housing
Sold 09/13/2023
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Property Image
SOLD

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

1733 South Willow Avenue

See Similar Deals
Senior Housing
Sold 09/13/2023
Robin Kane
Brendan Kane
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Senior Housing
Transaction Type:Sale

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
Robin Kane
5 deals$120.3M volume(559) 552-0040
BROKER
Brendan Kane
NorthMarq
Brendan Kane
5 deals$120.3M volume(559) 552-0041
BROKER

Details

SOLD
IMAGE: Robin Kane & Brendan Kane DATE: 09/13/2023 ADDRESS: 1733 South Willow Avenue MARKET: Fresno ASSET TYPE: Senior Housing ~ ACRES: 3.74 BROKERS: Robin Kane & Brendan Kane - The Mogharebi Group SALE PRICE: $7,800,000 UNITS: 62 ~ PPU: $125,806 NOTE: Robin Kane and Brendan Kane of The Mogharebi Group's Fresno office advised on the $7.8 million sale of the 62-unit Willow Court Senior Living Community in Fresno, CA. The property, fully occupied and acquired in an all-cash deal by a Bay Area family office, offers independent senior housing with one- and two-bedroom units, and it was 100 percent occupied at the time of sale.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
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