Passco Companies, LLC Acquires Senior Housing In Knoxville, TN For $49.5M

The senior housing property located at 1932 Falling Waters Road in Knoxville, TN has been sold in a transaction valued at $49,500,000. The property spans a total area of 163,000 square feet and was sold at a price of $304 per square foot.

Summary of transation details

• Property Type: Senior Housing
• Transaction Amount: $49,500,000
• Address: 1932 Falling Waters Road
• Market: Knoxville, TN
• Buyer: Passco Companies, LLC
• Seller: Prime West Knoxville
• Brokers: Richard Swartz, Jay Wagner, Dan Baker, Aaron Rosenzweig & Bailey Nygard - Cushman & Wakefield
• Square Footage: 163,000
• Price per Square Foot: $304

The transaction was facilitated by Richard Swartz, Jay Wagner, Dan Baker, Aaron Rosenzweig, and Bailey Nygard of Cushman & Wakefield, representing the buyer and seller in the deal.