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19+ to 30 Bed Memory Care Facility in Central Florida Market

Senior Living | 11,216 SF

Listing Contacts

Active

Asking Price: $3,500,000
Address 

Withheld by Owner, Orlando, FL 32801

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Date Added
Aug 8, 2024
Days on Market
225 days
Time Since Last Update
34 days

Details

Property TypeSenior Living
SubtypeALF, Assisted Living, Memory Care Facility
Investment TypeOwner/User
Investment Sub TypeAssisted Living
ClassA
Square Footage11,216
Price/Sq Ft$312.05
Pro-Forma Cap Rate15.91%
Pro-Forma NOI$556,716
Beds30
Year Built2016
Buildings1
Stories1
Price/Bed$116,666.67

Marketing Description

My ALF Consultant exclusively offers for sale, this unique purpose-memory care Residential Assisted Living Facility in Central FL.​

This facility was custom-built in 2016 by industry experts.​ They designed the community utilizing the best practices in providing optimal care for residents with Alzheimer’s Disease or Related Disorders.​ The building is 11,216 sq feet with 20 bedrooms, 24 bathrooms, a commercial kitchen, a large dining area, 3 offices, a covered patio, and a secure outdoor space.​ In addition, the property offers full sprinkler and fire alarm systems as well as a backup automatic generator for compliance with state regulations.​

The facility features spacious private suites, each with its full bathrooms.​ All the suites open onto the large common area with very high ceilings.​ The highlight of the facility is the large backyard with walking trails and a covered patio.​ With the various common areas and outdoor space, residents can enjoy all aspects of the facility.​ The property and business are being offered at $312 per square foot, which is significantly below replacement costs.​

Real Estate and business are included in the asking price.​

An actual number of beds, property info, address, financials, proformas, photos, and other relevant information are to be disclosed after the NDA is signed.​

Prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, capacity increase, number of licensed beds, proformas, FF&E valuation, and all other factors pertaining to using these parcel(s) and building(s) for the buyer's intended use.​ Provided in this ad is a proforma-based income incorporating a potential capacity increase.​ Buyer(s) to independently verify all financials, pro-forma figures, and add-back validity with their financials advisor/CPA.​

Investment Highlights

Custom-Built Memory Care Facility

Potential capacity increase approvals for up to 10 additional licensed beds

Open Design Ideal for Memory Care

Amazing Downtown Oviedo Location

Large Secure Outdoor Space and Covered Patio with a Backup Generator

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Valuation Calculator

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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