www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze property details including ownership and financial history. Share advanced property insights with your clients and teams.

71-Bed Assisted Living Facility For Sale

71-Bed Assisted Living-Memory Care Facility For Sale!

Listing Contacts

Active

Asking Price: $8,000,000
Address 

Non-Disclosed, Pompano Beach, FL undefined

Date Added
Feb 16, 2025
Days on Market
26 days
Time Since Last Update
26 days

Details

Property TypeSenior Living
SubtypeAssisted Living, Memory Care
Investment TypeOwner/User
ClassB
Square Footage14,036
Cap Rate10.17%
Pro-Forma Cap Rate10.47%
Occupancy95%
NOI$813,407
Pro-Forma NOI$837,809
Units43
Beds71
Year Built1975
Buildings2
Stories2
ZoningRM-20
OwnershipFee Simple

Marketing Description

This offering is a well-established “Turn-Key” 71-Bed Assisted Living Facility.​ The facility has been in operation with two groups that are ongoing clients of our company and have been in operation with them since 2013.​ The current owner purchased the facility in 2019 and has taken it to the next level for the new owner, who will continue to improve the business while earning a very nice income.​

The Green Life ALF includes:

·        43-Units-71-Beds in Operation

·        2-Buildings/2-Stories/14,036 SF

·        Built: 1975

·        Zoning RM-20

Current Financial Information (2024):

·        Occupancy: 95%

·        Gross Revenue: $2,015,000

·        NOI: $813,407

Asking Price: $8M OBO

Investment Highlights

TURN-KEY OPERATION

10%+ CAP RATE AT ASKING PRICE

BED RATES BELOW MARKET

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$813,407.00
$67,783.92/mo

Valuation Metrics

0
DSCR
10.17%
Cap Rate
10.17%
ROI

Due Diligence

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

Contact

Listing Contacts


Similar Properties for Sale

Pictures of Land, Senior Living property located at 28286 W State Rte 22, Lake Barrington, IL 60010 for sales - image #1
$1,895,000
28286 W IL Route 22
Land • 15 acres

28286 W State Rte 22 Lake Barrington, IL 60010

Pictures of Multifamily, Senior Living property located at 1890 E Apple Ave, Muskegon, MI 49442 for sales - image #1
Unpriced
Former Brookhaven Medical Facility
Former Assisted Living • 14.12 Acres • 90,000+ SF • 120 Beds • Renovated in 2017 • Fee Simple

1890 E Apple Ave Muskegon, MI 49442

Pictures of Senior Living, Special Purpose property located at 20271 Stone Oak Pkwy, San Antonio, TX 78258 for sales - image #1
Unpriced
20271 Stone Oak Pkwy
Senior Living • 26,782 SF

20271 Stone Oak Pkwy San Antonio, TX 78258

Pictures of Office, Senior Living property located at 1900 NE 36th St, Oklahoma City, OK 73111 for sales - image #1
virtual tour
Opportunity Zone
$1,880,000
1900 NE 36th Street
Office • 0.00% CAP • 24,521 SF

1900 NE 36th St Oklahoma City, OK 73111

Pictures of Land, Senior Living property located at 6505 N La Cholla Blvd, Tucson, AZ 85741 for sales - image #1
$28,000,000
BridgeWater Assisted Living - La Cholla
Land • 10.09 acres

6505 N La Cholla Blvd Tucson, AZ 85741

Pictures of Multifamily, Office, Senior Living property located at 0 Castlebridge Drive, Houston, TX 77065 for sales - image #1
Unpriced
0 Castlebridge Drive
Multifamily

0 Castlebridge Drive Houston, TX 77065

Pictures of Mixed Use, Multifamily, Senior Living property located at 710 Perry St, Richmond, VA 23224 for sales - image #1
virtual tour
Unpriced
201 W Commerce Road
Multifamily Building Development - Mixed Use

710 Perry St Richmond, VA 23224

Pictures of Office, Senior Living property located at 4201 Woodland Dr, New Orleans, LA 70131 for sales - image #1
virtual tour
Unpriced
Multi-Tenant Medical Facility - CALL FOR OFFERS
Office • 120,068 SF

4201 Woodland Dr New Orleans, LA 70131

Pictures of Senior Living property located at 2501 SW E Avenue, Lawton, OK 73505 for sales - image #1
Unpriced
2501 SW E Avenue
Former Assisted Living Facility

2501 SW E Avenue Lawton, OK 73505

Pictures of Senior Living property located at 310 N Dakota Ave, Corsica, SD 57328 for sales - image #1
$1,595,000
Corsica, South Dakota Assisted Living Facility
High-quality senior housing asset at an attractive cap rate.

310 N Dakota Ave Corsica, SD 57328

Pictures of Land, Mixed Use, Multifamily, Senior Living property located at Bunker Hill Road Extension, Watertown, CT 06795 for sales - image #1
$5,000,000
Heritage Woods
Land

Bunker Hill Road Extension Watertown, CT 06795

See more properties for sale in Pompano Beach
See More
See More Similar Properties
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off? Report
For assistance, reach out to our support team at [email protected] or call 888.273.0423 .