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Suzanne Hunter

shunter@intero.com +1(408) 688-7828

Listed by Ken Kho • Legacy Real Estate & Associates, DRE#01759705

$ 25,000,000

Est. payment | -/mo

48,465 SqFt

Save

$ 25,000,000

Est. payment | -/mo

Save

48,465 SqFt

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 ML82051160

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

GET MORE INFORMATION

Suzanne Hunter

REALTOR® | Lic# DRE 01505241

shunter@intero.com

+1(408) 688-7828

518 N Santa Cruz Ave, Los Gatos, CA, 95030

824 San Antonio RD Palo Alto, CA 94303

Suzanne Hunter

Key Details

Location

Interior

Exterior

Building

Others

824 San Antonio RD