Tucson’s Sierra Del Sol Senior Living Sells for $12.32 Million

TUCSON, ARIZOA — Sierra Del Sol Senior Living at 8151 E Speedway Blvd. in Tucson, Arizona, sold for $12.32 million ($87,980 per bed) to KRE Tiger Sierra del Sol, LLC of New York, NY. The facility is licensed for a 140-bed capacity Memory Care and Assisted Living community. There were 94 assisted living apartments with first and second story views, as well as 36 single story memory care apartments, at the time of sale.

From assisted living to dementia and Alzheimers, the facility caters to the challenges of memory loss for not only residents, but their families, with licensed nurses on-site, in addition to professional care associates.

It sits on 4.68 acres in a beautiful location in Tucson, with residents from all over the region, including Green Valley, Sahuarita, Vail, Nogales, Sierra Vista, and Benson.

Located in Tuscon’s northeast submarket, the property is set on beautifully landscaped grounds, featuring lush courtyards, lovely gardens, walking trails, and relaxing gazebos. Sierra Del Sol is on the edge of beautiful Saguaro National Park East.

Common areas include a grand dining room, cozy living room complete with fireplace, a separate private dining room for intimate family gatherings, library, activity room, pool lounge, movie theater, TV room and outdoor patios. There is also a wide variety of daily activities, from  Sit N’ Get Fit program, to games, music, crafts, socials and more.

Conveniently located close to shopping, banking, dining, parks, and golf, Sierra Del Sol is just minutes from St. Joseph’s Hospital and Tucson Medical Center, as well as many other fine medical facilities in the surrounding area.

The seller was Welltower, Inc. (Thomas DeRosa, CEO) of Toledo, Ohio.

There were not brokers in involved in the transaction.

For more information, login and see RED Comp #5516.

[mepr-show rules=”58038″]Sale date: 1/26/2018. Sale price: $12,317,135 with $6,156,135 down payment.  Building size: 79,5869 SF, land area: 4.68 acres. Built 1997.[/mepr-show]