**Los Alamitos Senior Housing Sells in All-Cash Deal for $34.5 Million**
Marcus & Millichap has announced the successful sale of Alamitos West Health & Rehabilitation Center and Katella Senior Living, two senior housing properties located in Los Alamitos, California. The portfolio, which includes a total of 150 licensed skilled nursing beds and 73 assisted living and memory care units, sold in an all-cash transaction for $34.5 million.
Alamitos West Health & Rehabilitation Center is a skilled nursing facility with 150 licensed beds and 142 operating beds. The property boasts a four-star rating from the Centers for Medicare & Medicaid Services, contributing to its appeal as a value-add investment. It sold for approximately $154,000 per bed.
“Alamitos West presented a compelling value-add opportunity due to its CMS rating and strong fundamentals,” said Nick Stahler, first vice president of investments at Marcus & Millichap’s Orange County office. “Katella Senior Living enhances resident retention and care transitions, serving as a natural feeder to Alamitos West. Together, these properties offer the buyer strategic advantages including economies of scale, operational synergies, and opportunities to leverage ancillary services revenue.”
In addition to Stahler, Marcus & Millichap’s Michael Mooney and Hap Knowles represented the seller in the transaction. Stahler also procured the buyer, International Equity Partners.
The portfolio includes two facilities strategically located across from Los Alamitos Medical Center. Alamitos West spans approximately 43,552 square feet, and Katella Senior Living covers 29,861 square feet. Both are situated near a range of medical and healthcare service providers, further enhancing their value to the new owner.
