TAMPA, FL--CLW Health Care Services Group is pleased to have represented Herbert J. Sims and their joint venture partner in the sale two Assisted Living communities located in Tupelo, Mississippi and Gulf Breeze, Florida.
The aggregate sale price is $13,900,000 or $110,317 per unit*. LTC Properties, Inc. was the purchaser.
Gulf Breeze Facts:
• 61 Assisted Living/Memory Care units
• Single story building - 36,000± SF
• Built in 2001
• 2.5± acres
• Occupancy 75%±
AvonLea Facts:
• 65 Assisted Living units
20 Independent Living Cottages - Fee simple, resident owned
• Assisted Living building - 41,000± SF
• Built 1999 & 2003 (AL); 2000-2008 (IL)
• 5.6± acres
• Occupancy 95%± (long history of high occupancy
* calculation excludes the 20 cottages homes at AvonLea
Contact: Allen McMurtry 813.349.8349 amcmurtry@clwrg.com
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