Pacifica Companies Acquires Senior Housing Property In Sacramento For $2.6M

Pacifica Companies LLC, led by Ash Israni, has acquired Pioneer House, a senior housing property located at 415 P Street in downtown Sacramento. The property, which includes senior apartments and skilled nursing services, was sold by Cathedral Pioneer Church Homes for a total price of $2,600,000. With a total area of 84,000 square feet, the sale reflects a price per square foot of $31.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $2,600,000
• Property Address: 415 P Street, Sacramento
• Market: Sacramento
• Buyer: Pacifica Companies - Ash Israni
• Seller: Cathedral Pioneer Church Homes

The acquisition of Pioneer House by Pacifica Companies marks a significant move in the senior housing market in Sacramento. As of now, there have been no new plans announced for the property. However, with Pacifica Companies' expertise in real estate, it will be interesting to see the future direction of this senior housing facility.