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4510 27th Street

Local Owner Sells 120-Bed Nursing Home In Lubbock To National Operator With Matthew Alley & Ryan Saul As Brokers
SOLDNursing Home

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:

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

Matthew Alley

Senior Living Investment Brokerage

Broker

$18M

vol

8 deals

Broker

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