Michael Anderson Of National Healthcare Properties Acquires Senior Housing Community In Cape Coral For $10.45M

The transaction involved the acquisition of a senior housing asset located at 1321 Northeast 24th Avenue, Cape Coral, FL. The facility comprises 130 units across 120,500 square feet and was sold for $10,450,000. The property generates approximately $2 million in annual revenue and features assisted living and memory care units, having opened in 2019.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $10,450,000
• Buyer: Michael Anderson - National Healthcare Properties
• Seller: American Lending Center
• Brokers: Matthew Wallace, Jonah Yulish & Noah Lindon - Matthews
• Units: 130
• Price Per Unit: $80,385
• Square Feet: 120,500
• Price Per Square Foot: $87

This transaction featured key representations by Michael Anderson from National Healthcare Properties, acquiring the asset from seller American Lending Center, with brokerage representation provided by Matthew Wallace, Jonah Yulish, and Noah Lindon from Matthews.