Cammeby's International Group Purchases Senior Housing Facility In Boynton Beach For $15.1M

1935 Federal Highway

$15,100,000

$172/SF

Building Size

87,683 SF

Asset Type

Senior Housing

Closing

Jul 20, 2026

AI

The 127-unit Opal at Boynton Beach assisted living facility, located at 1935 South Federal Highway in Boynton Beach, Florida, has been sold for $15.1 million. The property spans 4.34 acres and offers a total of 87,683 square feet, reflecting a price per square foot of $172 and a price per unit of $118,898.

Summary of transaction details:

Property Type: Senior Housing
Transaction Amount: $15,100,000
Market: Boynton Beach, FL
Buyer: Daniel Kunstlinger & Eli Schron - Cammeby’s International Group
Seller: Gerald C. Timmis III, Larry E. Jennings Jr & Eric Abel - ValStone Partners
Lender: Cross River Bank
Units: 127
Acres: 4.34
Last traded for: $6.7 million in 2015
Financing as part of a $57.75 million mortgage

ValStone Advisors facilitated the sale of the property, highlighting the ongoing demand for senior housing in Palm Beach County. The transaction involved key stakeholders, including Cross River Bank, which provided financing for this deal that underscores the continued interest of investors in the senior housing sector.

Jamestown 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

1.05%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93