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1710 N McDonald St - Golden Grace Adult Day Care

26,016 SF Health Care Building Offered at £2,520,640 at a 25% Net Initial Yield in McKinney, TX 75071

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Investment Highlights

Stunning building
Adult Day Care

Prime Location

Executive Summary

A stunning building spanning over 26,000 sq.ft on 2 acres of prime land in of the fastest growing and the most desirable cities, McKinney. There are many architectural features in this building including 49 rooms, conference rooms, offices, dining rooms, reception office, a beautiful chapel, game room with pool table, leisure areas and a high quality commercial kitchen. This is a unique opportunity for a diversified sectors of different types of businesses including assisted living, adult day care, school, hotel and many other possibilities. The property is currently home to Gladen GraceAssisted Living & Adult Day Healthcare. The operation is currently running at the minimum and the projection income of $3,447,000 /Year when all 5 wings are occupied with 20% vacancy factor.

INCOME PROJECTIONS FOR GOLDEN GRACE ASSISTED LIVING

OM 1710 McDonald Mckinney

Property Facts

Price	£2,520,640	Lot Size	2.00 AC
Price Per Bed	£51,442	Building Size	26,016 SF
Sale Type	Investment or Owner User	No. Beds	49
Net Initial Yield	25%	Number of Floors	1
Sale Conditions	Tenants option to buy property	Year Built	1975
Property Type	Health Care	Tenancy	Single
Property Subtype	Assisted Living Healthcare Congregate SeniorHousing	Parking Ratio	2.65/1,000 SF
Building Class	C

Price	£2,520,640
Price Per Bed	£51,442
Sale Type	Investment or Owner User
Net Initial Yield	25%
Sale Conditions	Tenants option to buy property
Property Type	Health Care
Property Subtype	Assisted Living Healthcare Congregate SeniorHousing
Building Class	C
Lot Size	2.00 AC
Building Size	26,016 SF
No. Beds	49
Number of Floors	1
Year Built	1975
Tenancy	Single
Parking Ratio	2.65/1,000 SF