Knapp Group Seniors Housing Advisors of Marcus & Millichap successfully brokered the sale of an 88 bed skilled nursing facility in Metro Detroit.  The 60,000+ sq. ft. building was constructed in 1998 and located on 4.5 acres.

The community originally had a total of 108 beds, which included a Home for the Aged licensed, 20 bed memory care section that closed in 2017.

The non-profit owned community had a declining census at the time of the sale.  A local buyer, with a history of turning underperforming nursing homes into 5 star facilities, saw a great opportunity in the property.

Jim Knapp and Justin Knapp were lead advisors on the transaction which closed on October 1, 2018 for around $80,000 a bed.