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| Bethany Rehabilitation Center, 5301 West 1st Avenue, Lakewood, CO |
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| Mark Myers |
LAKEWOOD, CO– Institutional Property Advisors (IPA), a
division of Marcus & Millichap Inc. specializing in serving institutional
and major private real estate investors, is pleased to announce the sale of Bethany Rehabilitation Center, a skilled
nursing and short-term rehabilitation facility in Lakewood, Colo.
The $17,950,000 sales price equates to $105,600 per licensed
bed.
IPA
executive director Mark Myers, IPA
senior director Joshua Jandris, and
IPA associate director Charles Hilding
advised the seller. Richard Bird,
vice president and regional manager of Marcus & Millichap’s Denver office
is the firm’s broker of record in Colorado.
CareTrust, the buyer, entered into a triple-net lease with
Eduro Healthcare LLC, which took over operations on Feb. 1.
“The CareTrust team worked closely with the existing
owner/operator and IPA to close the deal and ensure a smooth and successful
transition to the Eduro team,” says Jandris.
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| Joshua Jandris |
The 56,502-square-foot Bethany Rehabilitation Center is
located at 5301 West 1st Ave. in Lakewood, approximately five miles southwest
of Denver and within five miles of the 393-bed Denver Health Medical Center.
The property was built in 1969 on four acres, has 170 active beds and is
licensed for 50 additional beds.
For a complete copy
of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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