Marcus & Millichap Sells 6,788-SF Seniors Housing Building for $439,000

PANAMA CITY, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 34-bed assisted living care building located in Panama City, Florida, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $439,000 for the real estate. The business was sold in a separate stock transaction.

Krone Weidler, (top right photo) a Senior Associate and Seniors Housing Investment Specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

The buyer, a limited liability company, was also secured and represented by Weidler.

Robinson Residential Care (bottom left photo) is located at 11921 Caruso Drive in Panama City.

This assisted living facility is licensed as a limited mental health community and typically runs 95 percent occupancy as reported by the sellers, according to Ms. Weidler. Robinson Residential Care was built in 1981.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700