Local Owner Sells 120-Bed Nursing Home In Lubbock To National Operator With Matthew Alley & Ryan Saul As Brokers
4510 27th Street
Building Size
45,000 SF
Asset Type
Nursing Home
Closing
Apr 23, 2025
AI
The property involved in this transaction is a nursing home located at 4510 27th Street in Lubbock, TX. The facility has a total of 120 beds and encompasses 45,000 square feet on a 2.7-acre lot. The transaction was arranged by Senior Living Investment Brokerage.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: Not specified
- Address: 4510 27th Street
- Market: Lubbock
- BEDS: 120
- SF: 45,000
- ACRES: 2.7
- Broker Representatives: Matthew Alley & Ryan Saul - Senior Living Investment Brokerage
- Seller: Local independent owner
- Buyer: National owner-operator
- Operator at Time of Sale: Regional operator
Matthew Alley and Ryan Saul, representing Senior Living Investment Brokerage, facilitated the transaction, providing vital support in connecting a local independent owner with a national owner-operator. The presence of a regional operator during the sale further showcases the operational aspects of the facility during the transition.
Players
Lubbock Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93