Updated Dec 4, 2024
CareTrust REIT Acquires 77-Unit Villas At San Bernardino Senior Care Facility For $10.76M
2985 North G Street
$10,760,000
$249/SF
Building Size
43,197 SF
Asset Type
Senior Housing
Closing
Jan 23, 2024
About this deal
AI
CareTrust REIT recently acquired the 77-unit Villas at San Bernardino senior care facility for $10.76 million. The property offers memory care and assisted living services and is located near the 210 Freeway and Interstate 215 in San Bernardino.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $10,760,000
- Units: 77
- Price per Unit: $139,740
- Square Footage: 43,197
- Price per Square Foot: $249
- Market: San Bernardino
- Buyer: Dave Sedgwick - CareTrust REIT
- Seller: Daniel Brazeau
- Date: 01/23/2024
The buyer, Dave Sedgwick, represented CareTrust REIT in the acquisition of the Villas at San Bernardino senior care facility. The seller of the property was Daniel Brazeau.
San Bernardino 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93