JUST CLOSED! Henry “Hap” Knowles and Nick Stahler are pleased to announce the successful sale of a 34-bed non-performing skilled nursing facility in South Denver for $3,350,000!
In order to maximize value for the seller, our team identified that an alternative use would yield the strongest buyer interest and pricing. By strategically repositioning the asset from a private-pay skilled nursing facility to a behavioral health and substance abuse treatment center, we unlocked a higher and better use for this distressed, vintage property.
Navigating complex zoning and regulatory hurdles, we were able to deliver a near $100,000 per bed valuation—an exceptional result given the asset’s condition and operational challenges. The Knapp-Stahler Group represented both buyer and seller in the transaction, exemplifying our ability to drive creative solutions and strong outcomes, even in highly nuanced deals.