Marcus & Millichap’s Knapp Group successfully brokered the sale of a 96 unit/139 bed skilled nursing facility in Grand Rapids, MI. The 67,000+ sq. ft. building was constructed in 1972/1974 on over 10 acres. When the non-profit owners decided to exit skilled nursing service at this location, Knapp Group advisors were called upon to orchestrate a confidential sale on their behalf. The marketing campaign, which focused on the property’s prime location, positive trending financials, and value add opportunity, resulted in 36 interested prospects, 12 formal offers, and a selling price that reached $500,000 over list.
