Price and Terms
- Asking Price $12,000,000
- SGI $3,174,000
- Room. Vacancy 0%
- Lic'd Beds Used 77%
- GSI $3,174,000
- Expense $1,914,118
- NOI ($1,259,882)
- 10.00% CAP Actual
Financing
Facility Improvements
- >50-Units/100< Beds ALF (Approx)
- One building one-story
- Parking Spaces: Ample
- Hallway Widths 6'-0"
- Flooring: Carpet and Tile
- Roof: Pitch with Asphalt Tile
- Foundation: Concrete Slab
- Structure: Wood Frame
General Facility Features
- Central Kitchen
- Courtyards
- Emergency Call
- Handicap Access
- Handrails
- Sprinklers
- Surveillance Cameras
- Code-Alert Transmitter System
Contact Information
For questions, further information, or a Confidentiality Agreement "Ask Seller's Broker a Question" by calling Lee Haris (415) 989-5372 (x321) or emailing lharis@harisconfidential.com
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Superior care and services in one remarkable facility...
The subject facility is a unique and recently constructed Assisted Living/Alzheimer's Facility unlike any other. The subject facility provides a modern assisted living and Alzheimer's environment.
The subject facility is located in a major city in the Western U.S., and is surrounded by residential and commercial areas. The area has a mild and temperate climate, relatively free of uncomfortable extremes. The facility is located one-half mile from a regional shopping mall, and one mile from a major hospital.
This is facility is configured with over 50-rooms with an allowable capacity of greater than 90-beds. The total building square footage is approximately 36,000.
This facility is specially designed with a homelike atmosphere -- dining rooms, activity areas, and a large "walk" courtyards -- there are private and semi-private units of approximately 300 sq. ft. each.
At this facility, monthly rental rates include three meals daily, social activities, housekeeping and laundry, transportation, round-the clock supervision, daily assurance checks, medical-care coordination, camera surveillance in corridors and common areas and other services.
Quality
This facility offers approximately many tastefully designed private and semi-private rooms. Superior services lend a home-like ambience to living at this facility. Facility staff and programs encourage regular interaction between residents and entertaining activities. The good nutrition, health supervision, personal attention and caring atmosphere allow people to enjoy the best possible quality of life.
Peace of Mind
Underneath the high-class architecture and design lie multiple high security features for the safety and comfort of residents. Each unit is equipped with smoke and fire alarms, emergency pull cords to alert front desk staff, and non-slip surfaces and grab bars in bathrooms. In addition, the subject property is constructed with automatic sprinklers, emergency lighting, exit alarms, and a state-of-the art surveillance cameras in the corridors and common area (used as a safety precaution) and code-alert transmitter system which prevents residents for wandering out of the building.
Regional Market
Within the region where this facility is located, there are a total of 81 assisted living facilities (of less than 40-beds in size) with a total of 714 assisted living beds . There are at total of 14 facilities (of greater than 40-beds in size) with total of 1159 Assisted Living. Including the subject facility, there are only two facilities that specializes in Alzheimer's residents. In addition, there are an approximate total of 11 Skilled Nursing Facilities (SNF) with a total of 1263 SNF beds. Semi-private and private room rates for nursing homes range from between $196 and $210 per day, respectively. The overall occupancy for these SNFs is 93%.
The US Census Bureau estimates the total population for region the facility is located in to be 200,000.
The facility is about 60 minutes from two major metropolitan areas.
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