Purchase
Est. Net Operating Income 2009
Deal Points
- For Sale
- All Fee-Simple
- 12% CAP on 2009 NOI
- Facility Improvements
- 89-unit SNF/ALF (Approx)
- 1-Community
- Parking Spaces: Ample
- Hallway Widths 8'
- Flooring: Tile
- Roof: Flat
- Foundation: Concrete Slab
- Structure: Concrete/Block
General Facility Features
- Central Kitchen
- Courtyards
- Emergency Call
- Handicap Access
- Handrails
- Sprinklers
- Nursing Stations
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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Ideal Opportunity to Purchase ( Fee-Simple) a 89-unit SNF/ALF(55-room SNF + 34 unit ALF)
The subject campus strives to provide the best quality health care and services. It has full continuum of services meet the needs of those it serves. It is one of the "best-kept" secrets within the city it resides. This campus' home-like setting allows the specialized medical care and individualized services for all of its residents. The facility is nestled among oak trees, offering it residents all the enjoyment of an urban and active lifestyle, with the peace and comfort of a rural setting. It is conveniently located to churches, parks, restaurants, shopping, government officers and banking.
This campus, which consists of Skilled Nursing, Assisted Living, Memory Care, Home Health Care, and Adult Day Care services,
has been providing healthcare in the State of MN since 1963. With the recent renovations the effect age of this campus is 10-years.
About the Campus
This campus consists of a 77-bed nursing home and 34-unit assisted living facility (now Customized Living Plus licensing). The improvements are located in a major Mid-Western city.
The improvements were recently remodeled and added onto, resulting in a good quality facility in good overall condition. The subject improvements are licensed as a 77-bed nursing home facility, and a 34-unit assisted living facility, and a senior day care. There are three main
entrances to the different areas of the facility.
The nursing home is operating with 36 private rooms and 19 double rooms (one double room is being used as a single). The assisted living facility has a combination of studio, one-bedroom, and two- bedroom units. The assisted living units are located in two wings commonly. Occupancy maximum of 55 people. After completion 34-units and licensing change. City occupancy will go to 59-residents.
The improvements reportedly consist of an 87,323 square foot building which has been built in phases, reportedly between 1963 1966, 1984, 1998, 2004 and 2008. The total square footage was provided by the head engineer for the facility and reportedly was correct.
The subject site area reportedly consists of 248,292 square feet or 5.7 acres.
Regional Market
Based upon information received from the state demographer's office, the area where this facility is located area is one of the fastest growing regions in the state is resides in. During the 20-year period from 1960 to 1980, the population increased by nearly 50%. The area has had rapid population growth over the last three decades. The area has experienced a growth of 72.2% from 1970 to 2000 while
the is city MSA experienced a 44.0% growth over the same time frame.
The subject facilities city is the retail center for the region and U.S. Census figures indicate that its city is the leading trade center outside one other city in the entire state
The attached marketing package contains interior and exterior photos, aerial views, census information, profit-loss statements for 2005, 2006 and 2007, labor cost report, demographic information.
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