North Palm Beach Memory Care Center Sells For $17 Million

639 U.S. Highway 1 760x320

The Palm Beach Memory Care facility in North Palm Beach sold for $17 million.

NPB Senior Development Co., an affiliate of Boca Raton-based Silver Cos., sold the 37,119-square-foot memory care facility with 58 living units at 639 U.S. Highway 1 to PBMC Propco LLC, managed by Douglas Brawn on behalf of West Palm Beach-based Alta Senior Living.

Silver Capital Commercial Funding, also part of Silver Cos., provided a $14 million mortgage to the buyer.

The price equated to $293,103 per living unit.

Source: SFBJ

July 12, 2023/by ADMIN

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