Healthcare X Missouri

St. Louis' Senior Living Investment Brokerage sells care center in Iowa

St. Louis based Senior Living Investment Brokerage recently closed the sale of Goldenrod Manor Care Center, a 49-bed skilled nursing facility in Clarinda, Iowa.

St. Louis based Senior Living Investment Brokerage recently closed the sale of Goldenrod Manor Care Center, a 49-bed skilled nursing facility in Clarinda, Iowa.

Built in 1977, the one-story facility totals about 16,133 square feet and sits on 2.05 acres. At the time of sale, occupancy was about 80 percent.

The local hospital, Clarinda Regional Medical Center, is currently rebuilding on a new location. It will now be located across the street from Goldenrod Manor Care Center.

This is the buyer's first senior housing acquisition. The facility sold for $1.1 million, or about $22,449 a bed. Ross Sanders and Jeff Binder of Senior Living Investment Brokerage handled the transaction.