Sherman & Roylance Facilitates Successful Sale of Custom RCFE Facility in Sonoma, California

Sherman & Roylance is delighted to announce the successful sale of a stunning, custom-designed 6-bed Residential Care Facility for the Elderly (RCFE) in the heart of Sonoma, California. This significant transaction, valued at $1.75 million, represents a momentous occasion for both the seller and the buyer, marking new beginnings and opportunities in the senior living industry.

This meticulously crafted RCFE boasts six spacious bedrooms, each accompanied by an ensuite bathroom, creating a welcoming and homely atmosphere for residents. With a solid operational track record, the facility generates nearly $50,000 in gross revenue per month, with an impressive average resident rate of $8,000. Importantly, the transition of ownership has been seamless, ensuring continuity of care for residents and stability for staff members.

The buyer, a seasoned real estate agent, expressed excitement about entering the senior living sector through this acquisition. “This stunning RCFE presented a fantastic opportunity,” they shared. “I’m grateful to Sherman & Roylance for their guidance throughout the process. Their expertise not only secured this perfect acquisition but also facilitated a smooth transition for everyone involved.”

Motivated by portfolio consolidation, the seller expressed satisfaction with Sherman & Roylance’s representation. “Michael and Chris were extremely enjoyable to work with,” they stated. “Their knowledge of the sales process, regulations, and professional communication throughout were invaluable.”

Sherman & Roylance played a pivotal role in orchestrating this win-win transaction. Leveraging their deep understanding of the RCFE market, they identified a suitable buyer and skillfully navigated the sale process, ensuring a seamless handover for all parties involved.

“We are thrilled to have connected the seller with a buyer who shares their passion for providing exceptional care,” stated Michael Belcher, Senior Housing Specialist at Sherman & Roylance. “The buyer’s real estate expertise, coupled with the existing team’s dedication, positions this RCFE for continued success. We look forward to witnessing the buyer’s journey within the senior living industry.”

With this successful sale, Sherman & Roylance, senior living investment brokers, reaffirms its commitment to facilitating impactful transactions within the senior living sector, creating opportunities for growth and excellence in care provision.