Listed by CRES Corp International
$7,500,000
Bradenton, FL: 98-Bed Assisted Living Development Completion
Details
APN 11266-0130-9
Property Type Senior Living
Sub Type Assisted Living Facility
Square Footage 45,324
Units 79
Beds 98
Pro-Forma Cap Rate 12.00%
Pro-Forma NOI $1,652,000
Class A
Buildings 1
Stories 2
Acreage 2.580
Zoning Commercial General
Investment Type Redevelopment
Sale Condition N/A
Bradenton, FL: 98-Bed Assisted Living Development Completion!
Marketing description
Located 2 miles from Hwy 75 and only 3 miles from the Manatee Memorial Hospital, this property is the perfect location for a 98-Bed ALF. The owners are a large hotel-multifamily development company who have completed 50% of the construction and have decided to sell the property and the remainder of the construction, keeping their interest in the hotel industry.
The structure is top of the line construction that includes block construction and Spanish style roof and gutter system. Partition framing is installed, most plasterboard included. Electrical, plumbing and HVAC is short of completed.
Investment highlights
- 79-Units/98-Beds
- 2-Story 45,324/SF
- 2-Elevators (Installed)
- 50% Completed Construction
- $6 Million Estimated Completion Costs
- Block construction and Spanish style roof and gutter system
- Partition framing is installed, most plasterboard included
- Electrical, plumbing and HVAC is short of completed
Listing Contacts
Listed by CRES Corp International
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