Avison Young Sells 201-Bed Senior Housing Facility In Van Nuys To California Healthcare & Rehabilitation Center For $23.5M

Avison Young has successfully sold a senior housing facility in Van Nuys, California. The property, located at 6700 Sepulveda Boulevard, spans across 2 acres and consists of 201 beds. The sale price for this transaction was $23.5 million, resulting in a price per bed of $116,915.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $23,500,000
• Address: 6700 Sepulveda Boulevard, Van Nuys
• Market: Van Nuys
• Acres: 2

The buyer, California Healthcare & Rehabilitation Center, has acquired this senior housing facility from the seller, Pinnacle Holdings of Florida, Inc. The transaction was facilitated by Keith O'Donnell and Peter Sherman from Avison Young.

It is worth noting that California Healthcare & Rehabilitation Center will continue to occupy the asset, ensuring the seamless operation of this senior housing facility even after the change in ownership.