Marcus & Millichap announced the all-cash sale of Alamitos West Health & Rehabilitation Center and Katella Senior Living in Los Alamitos, California, for $34.5 million. Alamitos West is a 150-licensed bed skilled nursing facility, and Katella Senior Living is a 73-unit assisted living and memory care facility.
Alamitos West, with a four-star rating from the Centers for Medicare & Medicaid Services, presented a compelling value-add opportunity. Katella Senior Living enhances resident retention and care transitions, acting as a natural feeder to Alamitos West, providing the buyer with strategic advantages through economies of scale.
This transaction highlights continued demand for well-located, high-quality senior care assets in Southern California, particularly those positioned in robust healthcare corridors. The properties are adjacent to Los Alamitos Medical Center, near additional medical and healthcare service providers.
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