Monday, December 19, 2016

Marcus & Millichap Arranges $9.6 Million Senior Housing Property Sale in Mobile, AL

Eddie Greenhalgh
MOBILE, AL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Brookside Retirement Community, a 32,200-square foot seniors housing property located in Mobile, AL. The asset sold for $9,650,000.

Brookside Retirement Community is located 2260 Pesnell Court in Mobile, Alabama. The campus has been one of the premier locations for independent, assisted living and memory care for area residents since its construction in 1998.

 The facility includes 84 independent living residences, including 22 single family homes, a 32 bed assisted living facility, and a 16 unit memory care facility. The 27 acre campus also features an onsite Chapel, Club House, and walking trails.

Marcus & Millichap’s Brooks Minford, associate in Miami, Rob Reis, vice president investments in San Francisco, and Douglas A. Danny, first vice president in San Diego, represented the seller and procured the buyer. Eddie Greenhalgh, Broker, assisted in closing this transaction.

For a complete copy of the company’s news release, please contact:

Kirk A. Felici
First Vice President/Regional Manager, Miami
(786) 522-7000

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