Senior Living Investment Brokerage, Inc. facilitated the sale of a 97-bed skilled nursing facility in Crystal Lake, Ill. for $6.5 million, or approximately $67,010 per bed.
Situated in the northern region of the state approximately 55 miles northwest of Chicago, Crystal Lake is the largest city in McHenry County. Constructed in 1989, the one story building is comprised of approximately 33,870 square feet and sits on 3.97 acres. At the time of the sale, occupancy was 75 percent.
The Buyer is a regional provider of long‐term care services based in the Chicago MSA. The buyer will look to boost operational and financial performance through local economies of scale and referral relationships.
Jeff Binder of Senior Living Investment Brokerage, Inc. handled the transaction.