Marcus & Millichap Brokers All Cash Seniors Housing Sale

LOS ALAMITOS, Calif, April 26, 2025 — Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Alamitos West Health & Rehabilitation Center, a 150-licensed bed/142-operating bed skilled nursing facility, and Katella Senior Living, a 73-unit, 77-bed assisted living and memory care facility in Los Alamitos, California. The two properties sold all-cash for $34.5 million.

“With a four-star rating from the Centers for Medicare & Medicaid Services, Alamitos West presented a compelling value-add opportunity and sold for $154,000 per bed,” said Nick Stahler, first vice president investments in Marcus & Millichap’s Orange County office. “Katella Senior Living enhances resident retention and care transitions and acts as a natural feeder to Alamitos West. Together, the properties provide the buyer with a strategic advantage through economies of scale, operational synergies, and the ability to leverage ancillary services revenue.” Stahler, Michael Mooney and Hap Knowles of Marcus & Millichap represented the seller. Stahler procured the buyer, International Equity Partners (IEP).

The 43,552-square-foot Alamitos West and 29,861-square-foot Katella Senior Living are adjacent to each other on a full city block, directly across from Los Alamitos Medical Center, near additional medical- and healthcare-related service providers. Interstate 605 is a mile from the properties, and Long Beach, Seal Beach, and Cypress are within a short drive.

“This transaction highlights continued demand for well-located, high-quality senior care assets in Southern California, particularly those positioned in robust healthcare corridors,” added Stahler. Tony Solomon is Marcus & Millichap’s broker of record in California.