The Mt. Vernon Nursing and Rehabilitation Center in Alexandria has sold to a publicly traded REIT for $13 million.
Avison Young, which announced the sale, represented the seller, a local family owner/operator who is leaving the industry. Avison’s Jim Kornick, principal; and Dan Baker, vice president, handled the transaction.
According to Avison, the 45,654-square-foot skilled nursing facility at 8111 Tis Well Drive generated 12 offers and secured a price $1 million higher than the original list price.
Avison Young said in a news release that the new owner plans to lease the facility, which has 69 rooms and 130 licensed beds, to a large regional operator with which the REIT has an existing relationship.
