CHARLOTTE, NC – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Sunrise of Eastover, (top left photo) an 86-unit, 91-bed assisted-living facility in Charlotte.
The sales price of $8,850,000 represents $102,907 per unit and $148 per square foot.
Michael Pardoll and Mark Myers,(bottom right photo) both senior vice presidents and senior directors of the firm’s National Seniors Housing Group in the firm’s Charlotte and Chicago offices, respectively, represented the seller, Sunrise Senior Living.
“As a result of this transaction, the seller will enhance its liquidity and the investor acquires a high-quality asset that should be accretive and offer appreciation in the long run,” says Myers. The property is located just south of downtown Charlotte at 3610 Randolph Road.
Built in 1999 on 3.54 acres, Sunrise of Eastover is a 59,687-square foot three-story structure licensed for 104 beds, 26 of which are memory care.
Sunrise of Eastover’s amenities include a reading lounge, sunroom, bistro, ice cream parlor, living room, dining room, kitchen, library and wellness center. There is also a secured courtyard and each floor is accessed by two elevators.
Press Contact: Stacey Corso, Communications Department, (925) 953-1716
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