JLL Represents Seller In $45 Million Sale Of HarborChase Of Wilmington Senior Housing
2004 Shipley Road
$45,000,000
Building Size
—
Asset Type
Senior Housing
Closing
Oct 19, 2024
AI
HarborChase of Wilmington, located at 2004 Shipley Road in Wilmington, DE, is a senior housing asset consisting of 96 luxury units designed for assisted living and memory care. The property was sold for $45 million, resulting in a price per unit of $468,750.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $45,000,000
- Units: 96
- Price Per Unit: $468,750
- Date of Sale: 10/19/2024
- Market: Wilmington, DE
The transaction involved multiple brokers from JLL, including Aaron Rosenzweig, Blaise Fletcher, Jay Wagner, Richard Swartz, Caroline McClelland, and Sean Kirk, who represented the seller, a private equity firm, in concluding the deal.
Players
Wilmington Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93