facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Senior Housing

/

Sale

/

3769 West Mcnab Road

Updated Aug 21, 2026

Tim O'Brien Of Meridian Senior Living Acquires Senior Housing In Pompano Beach For $32.24M
SOLDSenior Housing

Tim O'Brien Of Meridian Senior Living Acquires Senior Housing In Pompano Beach For $32.24M

3769 West Mcnab Road

$32,240,000

$101/SF

Building Size

318,039 SF

Asset Type

Senior Housing

Closing

Aug 21, 2026

About this deal

AI

The Preserve at Palm-Aire, located at 3701-3769 West Mcnab Road in Pompano Beach, FL, is a senior housing facility that consists of 190 beds and spans an area of 12.8 acres. The property encompasses 318,039 square feet and was sold for $32,240,000, resulting in a price per square foot of $101. This facility provides various services, including independent living, assisted living, and memory care.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $32,240,000
  • Address: 3701-3769 West Mcnab Road
  • Market: Pompano Beach, FL
  • Beds: 190
  • Acres: 12.8
  • Square Footage: 318,039
  • Price per Square Foot: $101
  • Buyer: Tim O'Brien - Meridian Senior Living
  • Seller: Harvey M. Schwartz - Carlyle Group

In this transaction, Harvey M. Schwartz, representing Carlyle Group, completed the sale of the Preserve at Palm-Aire assisted living facility to Tim O'Brien of Meridian Senior Living. The facility is noted for its comprehensive range of senior care services, catering to both independent and assisted living needs, along with specialized memory care.

On the Map

Open live map

$32,240,000

$101/SF

Senior Housing

View full map

Players

Tim O'Brien

Meridian Senior Living

Buyer

$32.2M

vol

1 deal

Buyer

Harvey M. Schwartz

Carlyle Group

Seller

$747.6M

vol

10 deals

Seller
Bilt advertisement

Texarkana Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Sale transactions

Loading comparables…

Deal FAQ

About $101 per square foot on a published $32.2M for 318,039 square feet (2026).

Visit Harvey M. Schwartz to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets