Listed by Camacho Commercial Real Estate Services
$6,900,000
Orchard Street Senior Living
Details
Property Type Retail, Land
Sub Type Commercial
Square Footage 93,513
Units 98
Price per SqFt $74
Stories 2
Acreage 3.000
Retail | 93,513 SqFt
Marketing description
The Orchard Street Senior Living project represents a rare opportunity to acquire a shovel-ready senior housing development in California’s Central Coast. With full entitlements, architectural plans, and site control in place, the project is ideal for developers seeking to expand their senior housing portfolio, investment groups or capital partners looking for a high-potential, low entitlement-risk project, or Operators interested in entering the Arroyo Grande market with a custom-designed facility.
This 93,513 SF assisted living and memory care campus has received full entitlement approvals, making it a true shovel-ready development. The project includes 98 units and 114 beds across a thoughtfully designed two-story facility, with distinct wings for Assisted Living (AL) and Memory Care (MC).
The facility consists of a total of 98 units and 114 beds within a single two-story building. The building and grounds are designed with an inward facing approach that provides for both the safety of its residents as well as access to the surrounding neighborhood amenities. Additionally, the facility is designed in a “Donut shape”, with two separate wings, one specifically for assisted living residents and the other for memory care needs. Each wing will have its own common and private dining facilities and amenity areas.
The residential quarters include a mixture of unit sizes ranging from 387 square-foot studios to 930 square foot, two-bedroom units. There are a variety of common-space features and amenities within the facility, including dining rooms, bistros, libraries, internet lounges, theater, recreational areas, as well as outdoor lounges, barbeques and gardening areas.
This campus is designed to create a small village environment that provides many of the functional and social needs of its residents. The commercial kitchen and dining facilities provide three meals daily, including diabetic and special needs dietary supplements. Care levels for the residents range from providing basic daily necessities to cognitive therapy, constant care, and rehabilitation.
This campus is a testament to the fact that urban living doesn't have to be isolating. By designing a campus that functions like a small village, we can create an environment that not only meets the functional needs of its residents but also fosters a sense of community and social interaction. This innovative approach to urban living is indeed a step towards creating more sustainable and socially inclusive cities.
Investment highlights
- Developers seeking to expand their senior housing portfolio
- Investment groups or capital partners looking for a high-potential, low entitlement-risk project
- Operators interested in entering the Arroyo Grande market with a custom-designed facility
- Full entitlement approval documents
- Development summary and 5-year financial pro forma
- Architectural site plans, renderings, and elevations
- Certificate of authenticity and ownership history (COA)
Listing Contacts
Listed by Camacho Commercial Real Estate Services
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