VACAVILLE, CA — Nick Stahler and Chad Mundy of The Knapp-Stahler Group at Marcus & Millichap announced the successful sale of an 80+ unit Assisted Living and Memory Care community in Vacaville, California.
The community consists of more than 80 units, is licensed for over 90 beds, and is situated on approximately 3.66 acres in a strategic location between San Francisco and Sacramento. Built in 2004, the single-story property comprises approximately 56,749 square feet and is located near major transportation corridors, healthcare providers, retail, and dining amenities.
The transaction was completed through a HUD loan assumption, requiring extensive coordination and a prolonged approval process. At the time of executing the letter of intent, the asset was experiencing operational underperformance and ongoing financial strain. The Knapp-Stahler Group identified and sourced a buyer with the operational expertise and financial capacity to place capital at risk and assume operational responsibility prior to completion of the HUD Transfer of Physical Assets, allowing the seller to mitigate continued cash flow losses during the assumption period.
Despite near-term operational challenges at the outset, the property demonstrated strong pre-pandemic operating performance and offers long-term upside, including the potential addition of Independent Living units, creating a full continuum of care in a market with limited IL supply.
This closing highlights continued investor demand for well-located, institutional-quality seniors housing assets, as well as the importance of creative structuring and disciplined execution in complex healthcare real estate transactions. For additional information regarding this transaction or senior housing investment opportunities, please contact The Knapp-Stahler Group.