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32204332

1234 Main Street, Pearland, TX 77047

DS
TX #0633141
Modd Commercial
JH
CO ER40024152
Haven Realty
RV
CO IA.100108573
Haven Realty
Listed by Modd Commercial, Haven Realty
$5,500,000
57 days on market
Updated 13 days ago

Two Newly Constructed 32 Bed ALF Campus | Houston MSA

Details
Property Type Senior Living
Sub Type Assisted Living, Memory Care
Square Footage 21,000
Beds 32
Price per SqFt $262
Class A
Year Built 2024
Buildings 2
Investment Type Value Add

Stabilized Type B Assisted Living — Houston MSA (Pearland, TX) | 32 Beds | 100% Private Pay

Marketing description

Haven Senior Investments presents an exclusive opportunity to acquire a stabilized, two-building Type B assisted living community in the Pearland submarket of the Houston MSA — one of Texas's fastest-growing senior markets. Newly constructed and licensed in 2024 with all inspections passed, the community completed its first full year of operation in 2025 and has now established a two-year operating track record. It serves a 100% private-pay census across 22 units and 32 licensed beds, producing roughly $1.5M in stabilized pro forma revenue and approximately $520,000 in adjusted cash flow.

Offered at $5,500,000 — a 9.5% pro forma cap rate that clears current senior-housing debt costs for positive leverage — the asset pairs new construction and a lean, owner-operated cost structure with clear value-add upside as census continues to fill toward licensed capacity. The Pearland/South Houston submarket offers strong private-pay demographics and direct access to the Texas Medical Center corridor. A full Offering Memorandum and financials are available upon execution of a confidentiality agreement. Please do not contact the seller, management, staff, or residents directly — all inquiries through Haven Senior Investments.

Investment highlights

Investment Highlights:

  • Asking Price: $5,500,000
  • Pro Forma Cap Rate: 9.5% (stabilized 2026)
  • Stabilized Adjusted EBITDAR: ~$520,000 (2026 pro forma)
  • Pro Forma Gross Revenue: ~$1,535,000
  • Price per Unit / Bed: $250,000 / $171,875
  • Size: 22 units / 32 licensed beds · ±21,637 SF on ~2 acres
  • Payor Mix: 100% private pay
  • Asset: Two-building Type B (Small) Assisted Living · built 2024

Listing Contacts

DS
TX #0633141
Modd Commercial
JH
CO ER40024152
Haven Realty
RV
CO IA.100108573
Haven Realty
Listed by Modd Commercial, Haven Realty

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Additional Information

Name
Donna Stiles, CCIM
License
#0633141
Brokerage Phone
972-318-2724
Brokerage Address
3710 Rawlins Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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