Saturday, October 18, 2008

Marcus and Millichap's Carrieros Team Brokers Sale of 24,490-SF Assisted Living Facility in Port Charlotte, FL

PORT CHARLOTTE, FL-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of The Courtyards of Horizon, a 24,490 square foot assisted living facility located in Port Charlotte, Florida, according to Steven M. Ekovich, First Vice President/Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $2,900,000. Kenneth Carriero, Vice President Investments/Director National Seniors Housing Group and Damien Carriero, Investment Specialist (top right photo) had the exclusive listing to market the property on behalf of the seller, a Limited Liability Co. (LLC). The property was purchased by a local doctor.

The Courtyards of Horizon first opened in 1989 by its previous owner and was renovated in 2005 after Hurricane Charlie.

The property was then sold through Carriero in 2006 to the current seller.

The Courtyards of Horizon is licensed for 50 beds and consists of 42 units. The property is located at 26455 Rampart Boulevard.
Press Contact: Steven M. Ekovich, First Vice President/Regional Manager, Tampa,
(813) 387-4700

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