Home Commercial Washington Care Services in Seattle Sells for $10.5MM

Washington Care Services in Seattle Sells for $10.5MM

Washington Care Services, McCallen & Sons, LJM Holdings, SouthEast Care Center Facilities, WCC Realty
Image Courtesy of Washington Care Services

By Meghan Hall

Following on the heels of another medical center sale this week, New Jersey-based private buyer has closed on the sale of the Washington Cares Services center on Walden Street in Seattle. According to public property documents filed on April 2nd, WCC Realty LLC closed on the acquisition of the property for $10.5 million, or about $179 per square foot. The seller was SouthEast Care Center Facilities, associated with McCallen & Sons, Inc., in Kirkland.

The full address of the property is 2821 S. Walden St. Parcel data from King County shows that the property is associated with the U.S. Department of Housing and Urban Development. The building on the property was constructed in 1974, and totals 58,665 square feet, or about 165 units. It is currently being used as a nursing home.

Washington Care Services provides 24-hour licensed nursing care, physical and occupational therapy, beautician services, housekeeping and recreation and activities, among other services for its residents. Washington Care Services first opened in 1959, and acquired its non-profit 501 C3 status in 2006.

According to the company’s website, as of March 31st, the facility had one confirmed case of COVID-19. The nursing home has begun testing residents and staff, and are not taking any new patients. Deliveries of food, clothing or other items have also been prohibited.  

In a sale of a similar size and scope this week, the Washington State Health Department purchased the Paramount Rehabilitation and Nursing Center for $13.5 million. Also located in Seattle, the roughly 66,000 square foot asset sold for about $203 per square foot. The sellers were LJM Holdings LLC, also associated with the McCallen & Sons part of the Washington Care Services sale.

Nursing homes and care centers like Paramount and Washington Care Services have been at the forefront of national attention as the coronavirus has spread throughout the country. Officials have been looking to use such assets to isolate cases or house the infected. However, it is unclear at this time what Washington Care Center’s new owner has in store for the facility.