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Listed by Ken Kho • Legacy Real Estate & Associates • 510-744-3500
$ 25,000,000
Est. payment | /mo
48,465 SqFt
$ 25,000,000
Est. payment | /mo
48,465 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 48,465 sqft
Price per Sqft $515
MLS Listing ID ML82051160
HOA Y/N No
Lot Size 0.446 Acres
Property Sub-Type Business
Source Datashare MLSListings
Property Description
Rare opportunity involving VeRa, a proposed boutique luxury Continuing Care Retirement Community (CCRC) in Palo Alto, California. Fully entitled 27-residence community designed to serve affluent seniors seeking a personalized, hospitality-driven environment with continuity of care. Planned community includes Independent Living and Assisted Living residences, ground-floor commercial space, and a purpose-built luxury senior living facility in one of the most affluent and supply-constrained senior housing markets in the United States. Ownership is seeking an experienced senior living operator, healthcare-related group, hospitality-oriented organization, or other qualified strategic participant for up to approximately 45% participation in the operating business platform. Entitlements approved and permitting in process. Significant barriers to entry, strong demographic fundamentals, and luxury positioning create a unique opportunity within the senior housing sector. Confidentiality agreement required for access to detailed information.
Location
State CA
County Santa Clara
Interior
Heating Forced Air
Fireplace No
Building
Water Public
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