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SLIB Negotiates $7.2M Sale of Community in Wayzata, Minnesota

WAYZATA, Minn. — Senior Living Investment Brokerage has arranged the sale of a 67-unit independent living and assisted living property in Wayzata, approximately 13 miles west of Minneapolis.

The 78,000-square-foot property is located on a four-acre plot and was vacant at the time of sale.

A nonprofit entity sold the property to a local owner-operator for $7.2 million. The buyer plans to implement a renovation plan before reopening the community

Jason Punzel, Brad Goodsell and Vince Viverito of Senior Living Investment Brokerage handled the transaction.

The post SLIB Negotiates $7.2M Sale of Community in Wayzata, Minnesota appeared first on Seniors Housing Business.

Source: Senior Housing Business

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