Inspired Healthcare Capital Acquires Sage Spring Senior Living In San Marcos
800 Leah Avenue
Building Size
—
Asset Type
Senior Housing
Closing
May 31, 2024
AI
Sage Spring Senior Living, a 90-unit complex located at 800 Leah Avenue in San Marcos, Central Texas, was recently sold in a transaction that involved the sale of a senior housing property offering assisted living and memory care services. The property was acquired by Inspired Healthcare Capital from the joint venture between Bow River Capital and Investcor. The deal was facilitated by JLL, with Aaron Rosenzweig, Dan Baker, Jay Wagner, and Richard Swartz from JLL representing the seller.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: Undisclosed
- Units: 90
- Market: San Marcos
- Buyer: Inspired Healthcare Capital
- Seller: Bow River Capital & Investcor
- Brokers: Aaron Rosenzweig, Dan Baker, Jay Wagner & Richard Swartz - JLL
JLL played a key role in the successful identification of the buyer and execution of the transaction. Jay Wagner, Rick Swartz, Aaron Rosenzweig, and Dan Baker actively participated in representing the seller, ensuring a smooth and efficient sale of the senior housing property in San Marcos, Central Texas.
Players
San Marcos Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
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