Benchmark Commercial Real Estate was brought on by Flatirons Health Development, LLC. in its divestment of a skilled nursing facility in Colorado. The facility was previously operated by Axiom Healthcare Services. This was its only managed facility in Colorado, with all others in Kansas. The buyer is a local owner/operator that intends to occupy the building with a use compatible with the existing configuration.
Built in 2016 by Neenan Archistruction, Flatirons Health and Rehabilitation features 48 beds. It comprises 43,391 square feet and sits on 2.6 acres in Louisville. The property sold for $9.85 million, or $205,000 per bed.
Marketing began in 2023 during the difficult capital markets environment. The same tenant was in-place at the time of marketing, that had been there since the facility’s inception. Benchmark received offers from several buyers for more than the asking price. The seller approached Axiom to discuss whether the operator would continue to manage the community, and Axiom decided not to remain as the in-place operator. So, the building was sold vacant. Jamiee Keene handled the transaction.
