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Marcus & Millichap Arranges the Sale of a 108 Bed Seniors Housing Property

11/10/2015


LAKE CHARLES, La., October 12, 2015– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of The Gardens and The Guardian, a licensed 108 bed seniors housing property located in Lake Charles, according to David H. Luther, first vice president/regional manager of the Marcus & Millichap Houston office. The asset has a list price of $9,600,000.

Rod Llanos, a senior associate and Doug O'Toole, a vice president investments in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a limited liability company, was also secured and represented by Llanos and O'Toole. William Hoffpauir, Broker, assisted in closing this transaction.

The Gardens and The Guardian is located at 1401 Country Club Road in Lake Charles.
 

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About Marcus & Millichap (NYSE: MMI)

With nearly 1,500 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

 

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10/12/2015 - 17:00

Source

Marcus & Millichap

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