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Listed by Ken Kho • Legacy Real Estate & Associates, DRE#01759705
$25,000,000
Est. payment /mo
48,465 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business for Sale
Listing Status Active
Purchase Type For Sale
Square Footage 48,465 sqft
Price per Sqft $515
MLS Listing ID ML82049702
Lot Size 0.446 Acres
Property Sub-Type Business for Sale
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
Area South Palo Alto
Building/Complex Name VeRa CCRC
Zoning CS
Interior
Heating Central Forced Air
Cooling Central AC
Exterior
Exterior Feature Other
Parking Features Assigned Spaces, Underground Parking
Garage Spaces 24.0
Utilities Available Public Utilities
Roof Type Other
Building
Lot Description Grade - Level, Regular, Surveyed
Sewer Sewer - Public
Water Public
Others
Security Features Controlled / Secured Access,Other
Special Listing Condition Not Applicable
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