Updated Dec 4, 2024
Lytle Enterprises Sells Van Mall Retirement In Vancouver For $28 Million With JLL Capital Markets
7808 Northeast 51st Street
$28,000,000
Units
191
Asset Type
Senior Housing
Closing
Jul 16, 2024
About this deal
AI
The asset involved in this transaction is a 191-unit senior housing property located at 7808 Northeast 51st Street in Vancouver, WA. The property was sold for $28 million, resulting in a price per unit of $146,597. It features both independent and assisted-living units along with various amenities to cater to residents' needs.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $28,000,000
- Units: 191
- Price Per Unit: $146,597
- Seller: Lytle Enterprises
- Broker: JLL Capital Markets
The transaction was facilitated by JLL Capital Markets, representing Lytle Enterprises in the sale of Van Mall Retirement. This deal highlights the capabilities of the broker in managing transactions within the senior living sector.
On the Map
$28,000,000
Senior Housing
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Vancouver 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93