Step One
Senior Living | 8.61% CAP | 31,181 SqFt
Marketing description
This offering presents a rare opportunity to acquire a stabilized investment at a 8.87% cap rate, backed by a five-year lease with a well established nonprofit tenant. The 501(c)(3) organization, founded in 2003, provides transitional housing services and brings a strong community presence to the property. The facility is purpose, built with private group rooms, commercial, kitchen and dining, recreational areas, and laundry facilities, supporting long-term healthcare or housing uses. Located in Midtown Phoenix, the property benefits from excellent access to SR-51 and I-10 and it is surrounded by a robust network of medical and professional services.
Investment highlights
Attractive 8.87% Cap Rate – First-year NOI of $545,777 under a new five-year lease.
Stabilized Income Stream – Leased to a mission-driven 501(c)(3) nonprofit established in 2003.
Proven Operator – Tenant has over 20 years of experience providing transitional housing services.
Purpose-Built Facility – 55 standard rooms or inpatient rooms, 8 larger rooms, 20 shared bathrooms, commercial kitchen and dining, recreational areas, and laundry.
Below Replacement Cost – Opportunity to acquire a stabilized asset at a significant discount to replacement value.
Versatile Design – Well-suited for healthcare, behavioral health, senior housing or community housing uses.
Strategic Location – Midtown Phoenix with quick access to Hwy 51 (0.8 miles) and I-10 (1.7 miles).
Healthcare Cluster – Surrounded by pharmacies, urgent care centers, and medical clinics.
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