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29444071

123 Confidential Rd, Rhinelander, WI 54501

CW
WI 93659-94
Senior Care Realty
Listed by Senior Care Realty
$2,990,000
131 days on market
Updated 49 days ago

Northern Wisconsin Assisted Living Portfolio

Details
Property Type Multifamily, Senior Living
Sub Type Assisted Living
Occupancy 50%
Pro-Forma Cap Rate 16.59%
Pro-Forma NOI $496,128
Year Built 2000
Year Renovated 2019
Acreage 30.000
Investment Type Value Add

Turnaround/Value-Add Opportunity

Marketing description

Senior Care Realty is confidentially and exclusively offering a portfolio of licensed assisted living communities located in Northern Wisconsin. The portfolio consists of 60 licensed beds and provides a continuum of care including independent living, assisted living, and memory care.

The offering includes the turnkey operating business along with multiple owned land parcels and purpose-built facilities. The portfolio represents a value-add, turnaround opportunity with the ability to drive increased occupancy, improve operating performance, and implement strategic rate adjustments.

Priced at $2,990,000, or approximately $50,000 per licensed bed, the portfolio is offered at a compelling basis well below replacement cost. In addition to continued senior housing operations, the underlying real estate may offer repurposing potential for other residential or healthcare-related uses, including behavioral health.

Investment highlights

  • Confidential, Off-Market Opportunity – Exclusively marketed by Senior Care Realty; NDA required for detailed information
  • 60 Licensed Beds in a multi-property assisted living portfolio
  • Below-Replacement Cost Basis – Offered at approximately $50,000 per licensed bed
  • Value-Add Upside – Opportunity to increase NOI through occupancy growth, expense controls, and rate optimization
  • Real Estate Included – Multiple owned land parcels and purpose-built facilities included in the sale
  • Turnkey Operations – Licensed communities with existing operational infrastructure in place
  • Flexible Use Potential – Facilities may be adaptable for alternative residential healthcare uses, including behavioral health (subject to zoning and regulatory approvals)
  • Favorable Demographics – Strong long-term demand drivers for senior housing and healthcare services in Northern Wisconsin

Listing Contacts

CW
WI 93659-94
Senior Care Realty
Listed by Senior Care Realty

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