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8120 Painter Ave, Whittier,...

Jason Punzel Of Senior Living Investment Brokerage Represents Seller In Whittier Sale Of 41658 SF
SOLDSenior Housing

Jason Punzel Of Senior Living Investment Brokerage Represents Seller In Whittier Sale Of 41658 SF

8120 Painter Ave, Whittier, CA, 90602

Building Size

41,658 SF

Asset Type

Senior Housing

Closing

Nov 20, 2023

AI

The property involved in this transaction is Posada, a 77-unit assisted living and memory care community located at 8120 Painter Ave, Whittier, CA, 90602. The facility encompasses 41,658 square feet and occupies approximately 0.72 acres of land. Originally built in 1984, it underwent renovations in 2017. The market for this property is Whittier, a suburb of Los Angeles, and the seller is a regional owner-operator looking to divest from the senior care sector.

Summary of transaction details:

The transaction was facilitated by Brad Goodsell, Jason Punzel, and Vince Viverito of Senior Living Investment Brokerage, who managed the sale process on behalf of the seller. The buyer is a local owner-operator intending to make some renovations to the property after the acquisition.

Players

Brad Goodsell

Senior Living Investment Brokerage

Broker

$8M

vol

4 deals

Broker

Whittier 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93