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| Krone Weidler |
FORT WHITE, FL, March 28,
2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate
investment services firm with offices throughout the United States and Canada,
today announced the sale of Riverwood
Lodge Assisted Living Facility, a 8,586-square foot seniors housing
property located in Fort White, Florida, according to Ari Ravi, regional
manager of the firm’s Tampa office. The asset sold for $1,500,000.
L.J. Tsunis,
associate, and Krone Weidler, first
vice president investments, both in Marcus & Millichap’s Tampa office, had
the exclusive listing to market the property on behalf of the seller and
procured the buyer.
“The buyer demand for new
construction of seniors housing product remains strong. The developer was able
to successfully exit the property while still in lease-up phase. As Florida's
reputation continues to grow as the bellwether state for seniors, we expect
investment to remain strong in all seniors housing assets," said Tsunis.
Riverwood Lodge Assisted
Living Facility, a newly constructed assisted living facility, is located at
6873 Southwest U.S. Highway 27 in Fort White, Florida. The 8,586-square foot
property consists of 20 guest rooms and assorted common areas situated on four
contiguous parcels totaling approximately 2.59 acres. Additionally, the
facility was most recently certified by the State of Florida for a maximum
occupancy of 36 beds.
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| L.J. Tsunis |
For a
complete copy of the company’s news release, please contact:
Ari Ravi
Regional Manager, Tampa
(813) 387-4700
Debi Stolberg
Lead Certified Agent Support Specialist
Tampa, FL 33607
(813) 387-4700 main
(813) 469-2206 mobile
(813) 387-4710 fax
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