JCH’s Successful Sale of an 80-Unit Facility in Stockton, CA
JCH Senior Housing Investment Brokerage is pleased to announce the successful sale of an 80-unit Assisted Living and Memory Care Facility in Stockton CA.
The team at JCH led a discreet and focused marketing campaign for the sellers, a family-owned owner/operator who was looking to retire from the space. JCH used their detailed knowledge of regional owner/operators to conduct a very well-targeted pursuit for the perfect buyer, ultimately receiving several competitive offers. A local owner based in the marketplace, seeking to grow their portfolio, was the successful bidder. The facility, struggling after COVID, was under a great deal of scrutiny from licensing. This coupled with the strict lending requirements imposed for SBA 504 loans, made for a harrowing escrow period ultimately resulting in the buyer closing with a bridge loan. Despite all odds JCH remained active and engaged with the seller, buyer, licensing and lender throughout the sales process to lead the transaction in a successful closing.
The sales price was $5,800,000.
Jim Hazzard, and Cindy Hazzard handled the transaction process.
About JCH Consulting Group
JCH Consulting Group is a full-service real estate brokerage firm with the exclusive focus on the long-term care industry. JCH brokers the entire spectrum of Senior Care facilities, including Skilled Nursing, Assisted Living, Memory Care, CCRC and Independent Living, as well as Adult Residential Facilities, Hospice and Adult Day Care Facilities. For more information, contact Jim Hazzard 714-463-1677 Jim@theJCHgroup.com; or Cindy Hazzard 714-463-1672; Cindy@theJCHgroup.com.