Listed by Bull Realty
$2,875,000
±38,753 SF Assisted Living Facility | Columbus, GA
Details
APN 080 002 063
Property Type Senior Living
Sub Type Assisted Living
Units 48
Beds 50
Cap Rate 12.20%
Pro-Forma NOI $395,694
Year Built 1998
Buildings 1
Stories 1
Acreage 5.470
Zoning RO
Parking Spaces spaces
Investment Type Owner/User
±38,753 SF Assisted Living Facility | Columbus, GA
Investment highlights
Property Highlights
• List Price: $3,300,000
• Gross Revenue: $1,995,746 (Actual)
• Occupancy: 81.35% (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 a 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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