Updated Apr 20, 2026
Sabra Health Care REIT Inc. Acquires Waters Of Eden Prairie For $34 Million
431 Prairie Center Drive
$34,000,000
$165/SF
Building Size
205,262 SF
Asset Type
Senior Housing
Closing
Apr 16, 2026
About this deal
AI
The property involved in the transaction is a senior housing facility located at 431 Prairie Center Drive in Eden Prairie, MN. The facility encompasses 158 units and totals 205,262 square feet. It was sold for a price of $34,000,000, with a price per unit of $215,190 and a price per square foot of $166.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $34,000,000
- Units: 158
- Square Footage: 205,262
- Price per Unit: $215,190
- Price per Square Foot: $166
- Buyer: Sabra Health Care REIT, Inc.
- Seller: The Waters Senior Living
Sabra Health Care REIT, Inc. has acquired the property from The Waters Senior Living, marking a strategic addition to its senior housing investment portfolio as it expands its presence in the market.
On the Map
$34,000,000
$165/SF
Senior Housing
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Eden Prairie 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93