LOS ANGELES — Avison Young has arranged the $23.5 million sale of a seniors housing facility located at 6700 Sepulveda Blvd. in the Van Nuys neighborhood of Los Angeles.
Boca Raton, Fla.-based Pinnacle Holdings of Florida sold the asset to an entity of California Healthcare & Rehabilitation Center, which currently operates the property.
Situated on two acres, the 49,818-square-foot facility features 201 beds for seniors.
Peter Sherman and Keith O’Donnell of Avison Young represented the seller in the off-market deal.