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Corsica, South Dakota Assisted Living Facility
High-quality senior housing asset at an attractive cap rate.
Listing Contacts
License: SD 17988
Active
Asking Price: $1,595,000
Earnest Money Deposit: $25,000 min.
Address
310 N Dakota Ave, Corsica, SD 57328
Show on MapDate Added
Jan 31, 2021
Days on Market
1508 days
Time Since Last Update
77 days
Details
Property TypeSenior Living
Investment TypeStabilized
Investment Sub TypeSenior Housing
ClassB
Square Footage10,450
Price/Sq Ft$152.63
Pro-Forma Cap Rate7.37%
Pro-Forma NOI$117,485
Units21
Beds21
Year Built1995
Year Renovated2018-2020
Buildings1
Stories1
ZoningMF
Parking (spaces)10
Broker Co-OpYes
Price/Unit$75,952.38
OwnershipPrivate
Marketing Description
Price REDUCED! Built in 1995, this property is in excellent condition, has been recently updated, and has been meticulously maintained. The property is about 90 minutes from the new Amazon facility on the northwest side of growing Sioux Falls, SD. The facility has very strong financial performance history for two decades. Attractively priced at an attractive cap rate. More information, including historical financials, available upon signing a confidentiality agreement.
Investment Highlights
- Well-maintained
- Built in 1995
- Excellent financial performance
- Attractively priced (8%+ cap rate)
- Very little competition in smaller markets around Sioux Falls, SD
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Property History
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Due Diligence
Listing Contacts
- License: SD 17988
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