Listed by Bull Realty
$2,600,000
±23,120 SF Assisted Living Facility | Dalton, GA | For Sale
Details
APN 13-006-02-000 01
Property Type Senior Living
Sub Type Assisted Living
Square Footage 23,120
Units 40
Beds 40
Cap Rate 12.20%
Occupancy 77.5%
Pro-Forma NOI $395,694
Price per SqFt $112
Year Built 1991
Buildings 1
Stories 1
Acreage 20.170
Zoning R-7
Parking Spaces spaces
Investment Type Owner/User
±23,120 SF Assisted Living Facility | Dalton, GA | For Sale
Investment highlights
PROPERTY HIGHLIGHTS
List Price: $2,600,000
Gross Revenue: $1,582,777 (Actual)
Occupancy: 77.5% (Actual)
Forecast NOI: $395,694 (normalizing expenses to 75% of Gross Revenue)
CoStar Southeast Sold Comps: $233/SF; subject property at $112.46/SF
2024 Weitz Replacement Cost (Construction cost only): $273/SF
FINANCIAL HIGHLIGHTS (5-Year Hold)
Property Qualifies for an SBA 504 Loan: 25-year term, 85% LTC, and 5.856% interest
Using Vacancy 22.5% Year 1, 15% Years 2-10
Revenue growth 5% per year
IRR: 73.54%
Cash on Cash: 32.25%
Acquisition CAP Rate: 12.2%
Debt Service Coverage Ratio: 1.88
Projected Sales Year 5: $5.54 million
Sales proceeds after expenses: $3.39 million
Listing Contacts
Listed by Bull Realty
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